Varmint
NES Member
Oh SLV sorry, got it. When gold is $2500 silver will probably be $40 or $50.
Hard to say when cause a nasty recession could take down gold and silver with it, at least initially.
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Gold and silver prices are down
- Thread starter Rider
- Start date
Oh SLV sorry, got it. When gold is $2500 silver will probably be $40 or $50.
Hard to say when cause a nasty recession could take down gold and silver with it, at least initially.
chris_1001
NES Member
Now is possibly a good time to sell 10 ounces of gold for 800 ounces of silver. The time is probably not better than this current gold to silver price ratio.
Varmint
NES Member
![[cheers]](/xen/styles/default/xenforo/smilies.vb/018.gif "Cheers [cheers]")
strangenh
NES Member
2011 was when silver (and SLV) spiked.
Varmint
NES Member
And from 2000 to 2011 silver and gold went up 7X.
That was a bull market.
2011 to 2023 has been a bear market, silver has dropped from $35 to $23, and gold has been flat.
A new bull market has likely started. It’s reasonable to expect another 7X gain over the next decade.
Win
NES Member
I wonder if we’ve put in a floor with the fed giving up on fighting inflation?
yogi
NES Member
I was flat out today….just read the ticker….silver up ~5%…..yikes…@varmint had to pee!!!! 
Varmint
NES Member
I was flat out today….just read the ticker….silver up ~5%…..yikes…@varmint had to pee!!!!
I drank 3 Gatorades in the morning in anticipation of the Fed announcement.
I guess some may have been worrying the Fed would raise today since it’s the last chance in 2023.
chris_1001
NES Member
Keep chugging and pissing!I drank 3 Gatorades in the morning in anticipation of the Fed announcement.
I guess some may have been worrying the Fed would raise today since it’s the last chance in 2023.
Thank you!
Palladin
NES Member
I grabbed 20oz of silver yesterday morning, before the spike.
should have bought gold too
should have bought gold too
Varmint
NES Member
$1985/$2000 sure looks like a new floor, after being the ceiling for 12 years. But a liquidity crisis or market crash would make traders dump gold to cover other losses, so that's always a possibility.
I feel the roll of 20 for $515 was a steal a few weeks back.
Palladin
NES Member
I paid $255/10oz bar
BarnBuilder
NES Member
Not Specified
1 oz Silver Round - Buffalo (Lot, Roll, Tube of 20) - Walmart
(4.6)4.6 stars out of 342 reviews342 reviews$520.80
You save $0.00
Price when purchased online
Add to cart
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Shipping
Arrives Dec 20
Free
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Delivery toSalem, 03079
Sold and shipped by APMEX, Inc.
1226 seller reviews
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Varmint
NES Member
Not Specified
1 oz Silver Round - Buffalo (Lot, Roll, Tube of 20) - Walmart
(4.6)4.6 stars out of 342 reviews342 reviews
$520.80
You save $0.00
Price when purchased online
Add to cart
Explore dealsExplore deals
How do you want your item?
Shipping
Arrives Dec 20
Free
Pickup
Not available
Delivery
Not available
Delivery toSalem, 03079
Sold and shipped by APMEX, Inc.
1226 seller reviews
View seller information
Not returnableDetails
Add to list
Add to registry
Don’t buy rounds just buy coins unless it’s for a really cool design. Coins are easier for buyers to identify and harder to fake, if it’s a popular design like an ASE.
Varmint
NES Member
I would ask if what the Federal reserve is doing is illegalWow, that’s awesome! Isn’t that illegal though?
Parker Schreiber
NES Member
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Nope. From the mint's website:Wow, that’s awesome! Isn’t that illegal though?
Can I melt, drill holes through, or mutilate U.S. coins?
Maybe. It is a violation of 18 U.S.C. § 331 to alter a U.S. or foreign coin with the intent to defraud. The United States Mint cannot issue interpretations of criminal statutes such as this, which fall within the jurisdiction of the U.S. Department of Justice. Furthermore, 31 C.F.R. Part 82 states that no person shall export, melt or treat any 5-cent coin or one-cent coin of the United States. However, there are a few exceptions such as for novelty, amusement, educational, jewelry and similar purposes. Your business should consult with an attorney to ensure it does not run afoul of these laws before melting or mutilating U.S. coins.
Varmint
NES Member
I would ask if what the Federal reserve is doing is illegal
Well I already know the answer to that one.
richc
NES Member
richc
NES Member
From www.kitco.com:
"Our website is currently experiencing a disruption due to a cyber security incident. Our team is actively working to resolve this issue as quickly as possible. We are committed to ensuring the security and integrity of our services and apologize for any inconvenience this may cause."
"Our website is currently experiencing a disruption due to a cyber security incident. Our team is actively working to resolve this issue as quickly as possible. We are committed to ensuring the security and integrity of our services and apologize for any inconvenience this may cause."
Noticed that yesterday and didn’t read it thinking it was simply site maintenance.
Hmmmm
We could be breaking through $2100 by the eoy. That would be extremely bullish but I would be happy with a yearly close of $2040 and above. We already broke an all time daily, weekly, and monthly close. Quarterly is next up.
richc
NES Member
It definitely feels like 2K has been breeched comfortably. Feels like the new norm.
Now that I've said that watch from the crash...
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