We are quickly approaching what some are describing as the perfect storm in the event that could be a life changer when it comes to the silver price. If we hit the perfect storm, what would you believe will be the price move in silver by the 1st of November. I personally believe in this perfect storm silver will rise to 10 times the 12 month low price, which would be $260/oz.
I’m EXTREMELY new to silver, investing etc. and have a question as I’m looking at ‘junk silver’ to try to prep for TSHTF, and I just ‘don’t get’ the pricing….
Let me lay this out (my thinking) and someone please let me know where I’m right/wrong….
Ok – using silver at spot price of 32.00 per oz for ease of math – If you have 1 pound (16oz) of 90% silver coins (no new, war nickels etc – all 90% coins) then what is ‘retail price’ you should be paying?
I take 16oz x $32/oz and that is $512 if coinage is 90% then spot price for the silver in these coins is $460.80 (512x 0.9). But everywhere I look (ebay, silver seller links on pages etc) a 1lb bag of coins is selling for at least $520 – isn’t this too high? 520/16= 32.50/oz but again this isn’t pure silver it’s 90%…
Am I missing something? Or is it just demand is putting the old coins up over melt value or ???
Am I just looking in the wrong places? If Canadian coins are only 80% silver – then shouldn’t a pound of them sell for 409.00 (512x 0.8)
Patience please - as I said (& as online name signifies) I’m a newbie!!!!
Hello Doc! I’ve been lurking around the site for almost 2 years and finally decided to create a profile. I just wanted to say I appreciate the information your site provides. The comments from your users have been very useful during the recent price smash and have kept me from losing my mind since we last saw $40+ per ounce in 2011. Thankyou and keep up the good work!- B
" Interesting video. Similar to the other one's I've watched over the last 3 years.
Looks like my idea of 90% and SAE's only is the way to go. It does have me thinking about some 10oz bars....wait, no.
And, this is all nice - but if the Ag market freaks out there's oth... "Reply To: Silver Shortage
" I dunno..... Look at ALL the sites selling the stuff and there's PLENTY to be had. Worrying about the doom of some article is silly. Get the stuff now, as you can, and just keep going.
IF things do go nuts I have a hunch it'll be so fast this time that it won't matter what order ... "Reply To: Silver Shortage
" The one CRITICAL thing is to make damned certain that the party you're shooting at is not your spouse, kid or anyone else who has a right to be there. That cleared in your brain, fire away! Have no mercy and take no prisoners. Prisoners will just sue you later. "Reply To: Finger off the trigger? Nonsense….
" Move away from the standard AR-15 ball rounds and move into soft point or ballistic tip and bump it to 60-70 grains. Penetration improves and tip makes expansion pretty drastic. Vmax rounds literally explode and the fragments will create a 5 inch diameter wound channel "Reply To: Real world firearms suggestions
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