I should be out, but I'm too much of a collector. A lot of my gold coins are "small stuff," like gold dollars are $2.50 gold pieces, which still have a numismatic value.
I used the little bit of silver I accumulated, in part, to buy my $3 Princess when gold was $3600/oz. I've got some 90% silver leftover, maybe $20 face, but everything else holds numismatic value... the 7070... early copper... etc. I'm still shopping and trying to sit on my thumbs for a little while. I'm down to maybe 5-6 coins I'll want for my core collection and Box of 20... I suppose if silver gets over $200/oz as some have suggested in this thread, I might be inclined to revisit that decision.
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
@derryb said:
My advice is to convert it to cash now (current prices should give you a nice profit) and place the proceeds in a silver related ETF account where your "silver" can be quickly disposed of with the push of a button when the time comes. To know the time has come requires one to closely monitor the spot price.
This is the way. If you are feeling really adventurous, go with options.
There's not doubt that it is. Demand in 2025 was lower than 2024. Demand in 2026 is forecast to be lower than 2025
If I recall correctly, Bix Weir found that the Silver Institute didn't even include the solar panel demand in their reporting of silver demand, and that was about 2 years ago. So, they've been under reporting. And he discussed it with them directly.
Q: Are You Printing Money? Bernanke: Not Literally
@carew4me said:
just about done liquidating all the stupid silver stuff I should have never bought.
HODL for JM bars, Engelhard bars, ASE, Kooks ect, pre-33 PCGS gold. (and that AG goes too if spot $150+)
Paper silver has been good to me the last 3 months as well.
I am a silver bull from way back but no way this does not correct so will ride ZSL down.
When its over I think a new floor of around $60.
Stay Shiny my friends!
@dipset512 said:
No. While investor FOMO is definitely adding heat, the record-high premiums in Shanghai suggest the run-up is actually a desperate scramble for a physical metal that's simply running out in Western vaults.
Running out? The refiners can't refine it fast enough. That's not a shortage of material. Methinks it is a much more complicated situation including a lot of speculation, including in Shanghai.
Global demand has been DROPPING for the last 3 years per the Silver Institue:
Your chart shows demand dropping last 3 years, but did you notice for each of the last 5 years more was used than was available?
EV and hybrid production keeps going up. 30-50 grams of silver does not seem like much, but would be very costly if lack of silver shut down the production line.
supply and demand work hand in hand in establishing price equilibrium. While demand sets the price, supply contributes to demand. When there is less supply of a needed commodity, there will be greater demand for it in fear of not acquiring what is needed.
When gold and silver move together, it signals the coming end of fiat money.
@BillJones said:
I think that these run ups are insane. I hope those who are pushing these prices can withstand a huge hit. I also >that this run up is not driven by borrowed money, excessive margins, which will make the crash worse.
That's what is so strange....no casualties. No shorts or leveraged player...no rumours of hedge funds....this rise has been a few months now, and apparently, all losses are contained.
@blitzdude said:
Nobody is buying physical gutter at the current paper spot prices. We have total disconnect and its paper gutter for the win. The pop of this bubble is going to be spectacular.🍿RGDS!
.
This claim of "nobody" is ignorant.
Why do you think the market price is considerably higher in China and India than it is in New York and Chicago ?
It seems that there is an opportunity for somebody with the resources to start buying 90% silver coin at the current market discount and either hold on to it until the discount diminishes, or build their own refinery.
@Mike59 said:
We have a new silver ion battery going into production next year and 1 of the uses of these batteries will be used in EV. Each EV battery will have about 1 kilo in each. Only time will tell the true price of silver.
While I have seen many individuals stating that the solid state batteries (SSB) will use one kilogram of silver, it took me a tremendously long time to find one news article stating that the SSB will use silver. All other articles and press releases (from Samsung SDI and the company that owns the intellectual property to the SSB) have only stated that it is a solid state battery and uses sulfides. I also seem to recall one of the articles I read that made no mention of silver in the SSB being an IEEE publication. I have a very uneasy feeling about all this talk about a lot of silver being used in SSBs as it feels like a lot of the kind of hype I saw in 2011.
Furthemore, the Samsung SSB batteries are scheduled to be delivered to BMW late this year for BMW to test. If all goes well, no cars using these SSBs will be sold until 2027 at the earliest. Along the way, manufacturing difficulties and BMW's own integration efforts could introduce substantial delays until an SSB-powered EV car is widely commercially available.
Another article I read made a fairly interesting prediction. It predicted that SSBs would be used primarily in high-end, expensive EV cars (due to the high cost of the SSB) while less expensive EV cars would continue using wet electrolyte batteries which are being driven down in cost by China's own research and development into materials. Even if all of the claims about how much silver a SSB uses are accurate, the idea that it will only be used in high-end EV cars greatly limits the number of SSB batteries (and thus kilograms of silver) that will be needed. It doesn't seem a likely prospect that a yearly demand of one million SSBs that use one kilogram of silver is going to materialize anytime soon. China's own EV car market is most likely going to use the less expensive battery technologies that don't require silver.
.
The Samsung batteries use a silver-carbon coating on the anodes.
I have read the claims of one-kilogram of silver per automobile. My calculations were more like 3-troy-ounces per vehicle.
An important aspect to his development is that the batteries could be used for a lot more things than automobiles.
The energy density of these solid-state batteries makes them viable for use in commercial aircraft.
That's what is so strange....no casualties. No shorts or leveraged player...no rumours of hedge funds....this rise has been a few months now, and apparently, all losses are contained.
Very strange.
Bill Holter thinks that the shorts are being bailed out under the table by the Fed. You will deny it, but I see it as a real possibility. The Fed bailed out foreign banks during the 2008 crisis, which should be illegal.
Governments are creating fiat beyond all previous levels and governments could very well be ready to buy up as much physical metal as possible with new money before the other guy does.
Where does that leave an individual stacker? How do you compete with unlimited funds on the other side? Don't sell unless you have no other options. And have some cash.
Q: Are You Printing Money? Bernanke: Not Literally
Sometimes, you have to look beyond the metals market for a reality check. How many 100 oz bars of silver would it take to buy the car of your choice? Does that seem like a lot of silver to trade for the car, or a complete bargain?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@MrEureka said:
Sometimes, you have to look beyond the metals market for a reality check. How many 100 oz bars of silver would it take to buy the car of your choice? Does that seem like a lot of silver to trade for the car, or a complete bargain?
14 or 15 Gold Eagles would buy any of those.
Theoretically, just seven 100-troy-oz silver bars would also buy any of them.
But I have always had a hard time justifying the cost of a brand-new automobile.
PS:
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
MIL "gifted" us an early inheritance...2006 Mercedes hardtop convertible. Roughly 28,000 miles.
I recently sold it.
Where I live, it is really only viable 3-5 months/year and really isn't a good car to drive the rest of the year. Maintenance is EXPENSIVE as well.
Sits too low to be good getting in and out.
I'd keep the silver bars/gold eagles and NOT buy another Mercedes ever.
that said, I get the exercise of this and it would be just over 4 silver bars for the last vehicle we bought.
@BillJones said:
I think that these run ups are insane. I hope those who are pushing these prices can withstand a huge hit. I also >that this run up is not driven by borrowed money, excessive margins, which will make the crash worse.
That's what is so strange....no casualties. No shorts or leveraged player...no rumours of hedge funds....this rise has been a few months now, and apparently, all losses are contained.
Very strange.
Central banks, like the Chinese version, are doing a lot of the buying. They can create their own money. These bank officials seem to think that overpriced gold is safer than the U.S. dollar.
Others are coming along for the ride. No one knows how overextended they might be.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Gold is far from overvalued. The gutter metal? Well, that's a completely different story. We will see that bubble pop shortly. The physical / paper price has already severely disconnected and not in a good way. It's clear as day. RGDS!
@blitzdude said:
Nobody is buying physical gutter at the current paper spot prices. We have total disconnect and its paper gutter for the win. The pop of this bubble is going to be spectacular.🍿RGDS!
.
This claim of "nobody" is ignorant.
Why do you think the market price is considerably higher in China and India than it is in New York and Chicago ?
.
Ever check out Whatnot? Silver and all metals but especially silver is being scooped up day and night nearly 24/7 wash, rinse, repeat. The "nobody is buying" mantra comes from those without a clue in the world lolz.
@blitzdude said:
Nobody is buying physical gutter at the current paper spot prices. We have total disconnect and its paper gutter for the win. The pop of this bubble is going to be spectacular.🍿RGDS!
.
This claim of "nobody" is ignorant.
Why do you think the market price is considerably higher in China and India than it is in New York and Chicago ?
.
Ever check out Whatnot? Silver and all metals but especially silver is being scooped up day and night nearly 24/7 wash, rinse, repeat. The "nobody is buying" mantra comes from those without a clue in the world lolz.
Central banks, like the Chinese version, are doing a lot of the buying. They can create their own money. These bank officials seem to think that overpriced gold is safer than the U.S. dollar.
Others are coming along for the ride. No one knows how overextended they might be.
@dcarr said:
It seems that there is an opportunity for somebody with the resources to start buying 90% silver coin at the current market discount and either hold on to it until the discount diminishes, or build their own refinery.
How much resources would one need? And if they had those resources, then why would they do this? Dont you think they'd just continue doing what have been doing to get those resources in the first place? Why mess with an illiquid and volatile market with thin margins? Worse business advice ever.
If refining was such a good business, dont you think they'd be everywhere?
Thanks for all of the comments and perspectives. If I’m honest, I wonder if our prior good standing in the world has now diminished enough to cause our current reality. I now see our trading partners making deals with other countries. Yesterday it was EU/India and there have been others. Sweden recently gave us a side eye by selling most, if not all of their US T bills held by a trust for Swedish government employees. Since 2000, the US has done nothing to slow or reverse the path of national debt now screaming toward 40 trillion.
My thoughts about the future range from how should I position myself today versus what the reality may be before I die. I have a lot more questions than solutions. I, like others have liquidated most of my silver. How quickly will those dollars diminish in value? The current rate of depreciation is unprecedented.
I have , over the years, been generally optimistic about our future. I hate conspiracy theorists and gloom and doom purveyors. The biggest question in my mind is, when a politician comes along and actually tells us the truth and has a game plan to address, will the American people have any interest in hearing it? Will the people (and corporations) be willing to endure the pain of higher taxation for a chance at saving the nation?
I’m far from consumed about all of these questions. They are in the back of my head rattling around though. I’ll play pickleball tomorrow morning as usual. Work down my list of to do’s around the house. Visit with neighbors. Go out tomorrow night for Mexican food, hoping that all of these questions I have today will somehow work themselves out in the future. Hopeful but wary.
The fact our deficits are still at pandemic levels - IMHO - is the reason for a lot of this PM increase. As for other countries signing new trade deals - if we bleed out quickly instead of slowly over the coming decade, it will force the change we need. Being liked while being looted isn't a great plan for a nation. It took 40 years to hollow out the US - hopefully we can turn it around
@taxmad said:
The fact our deficits are still at pandemic levels - IMHO - is the reason for a lot of this PM increase. As for other countries signing new trade deals - if we bleed out quickly instead of slowly over the coming decade, it will force the change we need. Being liked while being looted isn't a great plan for a nation. It took 40 years to hollow out the US - hopefully we can turn it around
I find it interesting that the proponents of silver, and alleged reason for the increase, are both the "stacker" mentality of betting against the economy, PMs are true money..., and also the folks championing the growth of the economy and increased demand side of things.
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
I've owned four of them, 65 190D, two 85 380 SEs and a 1987 560SL. You couldn't give me enough silver to buy another. Worse than owning a boat.
When gold and silver move together, it signals the coming end of fiat money.
A perfect storm to create $5,300 gold and $115 silver. A year ago I never thought we’d see these prices short term. Very little if any correction along the way. SMH
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
I find it interesting that the proponents of silver, and alleged reason for the increase, are both the "stacker" mentality of betting against the economy, PMs are true money..., and also the folks championing the growth of the economy and increased demand side of things.
Not really betting against the economy, it is more a distrust of the political class and what they will do when they realize they can't borrow forever.
I don't think the run-up in silver is much different than gold, with the exception that people can't afford gold, so silver is the next best thing (plus the fact it was grossly undervalued).
@bolivarshagnasty said:
Thanks for all of the comments and perspectives. If I’m honest, I wonder if our prior good standing in the world has >now diminished enough to cause our current reality. I now see our trading partners making deals with other >countries. Yesterday it was EU/India and there have been others. Sweden recently gave us a side eye by selling >most, if not all of their US T bills held by a trust for Swedish government employees. Since 2000, the US has done >nothing to slow or reverse the path of national debt now screaming toward 40 trillion.
Our debt is fine. Our trajectory is not, but that's a problem if you are around and holding the debt in 2060.
PMs don't pay dividends or interest so there's an opportunity cost. So a limit as to how much a CB will hold (or any other investor).
The U.S. is 65% of global equity market capitalization. If folks want access to our great companies, they need dollars to buy them.
Tether is the Hunt Brothers of gold. Take the time to see who is behind it. Eventually the crash will be Epic. Look before you leap into bankruptcy . 🤑🤑🤑
@blitzdude said:
Nobody is buying physical gutter at the current paper spot prices. We have total disconnect and its paper gutter for the win. The pop of this bubble is going to be spectacular.🍿RGDS!
I heard a proverb once, it went like this: Some people have something to say. Other people have to say something.
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
I trust the Mercedes is silver too.. Probably will also become a collector car as the years go by.
@blitzdude said:
Gold is far from overvalued. The gutter metal? Well, that's a completely different story. We will see that bubble pop shortly. The physical / paper price has already severely disconnected and not in a good way. It's clear as day. RGDS!
The constant gutter talk is tiresome and tedious, drags down the forum.
@blitzdude said:
Gold is far from overvalued. The gutter metal? Well, that's a completely different story. We will see that bubble pop shortly. The physical / paper price has already severely disconnected and not in a good way. It's clear as day. RGDS!
The constant gutter talk is tiresome and tedious, drags down the forum.
.
Yes, and I think that is their intent.
But I think most people here are intelligent enough to recognize the clowns for what they are.
@blitzdude said:
Gold is far from overvalued. The gutter metal? Well, that's a completely different story. We will see that bubble pop shortly. The physical / paper price has already severely disconnected and not in a good way. It's clear as day. RGDS!
The constant gutter talk is tiresome and tedious, drags down the forum.
Continuously cheerleading gutter metal on a precious metal forum is what drags the forum down. Gutter metal is not precious metal. Drink too much gutter Kool-Aid it will turn you blue for cripes sakes. RGDS!
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
I trust the Mercedes is silver too.. Probably will also become a collector car as the years go by.
It looks more like a pewter color than silver.
It was the top-of-the line Mercedes-Benz (performance wise) for 2006.
It was touted as the world's fastest production convertible (at that time).
So, yes, it could become a "collector" car at some point.
It is fun to drive (so long as I keep the battery connected to a trickle charger when it sits for a few days or more).
The dyno test says (at the rear wheels) 605 horsepower and 840 foot-pounds of torque.
What I learned rather quickly is don't try to drive around town with the traction control turned off.
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
I trust the Mercedes is silver too.. Probably will also become a collector car as the years go by.
It looks more like a pewter color than silver.
It was the top-of-the line Mercedes-Benz (performance wise) for 2006.
It was touted as the world's fastest production convertible (at that time).
So, yes, it could become a "collector" car at some point.
It is fun to drive (so long as I keep the battery connected to a trickle charger when it sits for a few days or more).
.
What I learned rather quickly is don't try to drive around town with the traction control turned off.
Crazy times but more then just PM's. A Pokemon card for $5MM, TSLA earns ~ $1.50 profit annually and stock is over $400, E.P.S. of almost 300. Bigger bubble then PMs out there but think they will survive the best if there is a meltdown.
@blitzdude said:
Gold is far from overvalued. The gutter metal? Well, that's a completely different story. We will see that bubble pop shortly. The physical / paper price has already severely disconnected and not in a good way. It's clear as day. RGDS!
The constant gutter talk is tiresome and tedious, drags down the forum.
Continuously cheerleading gutter metal on a precious metal forum is what drags the forum down. Gutter metal is not precious metal. Drink too much gutter Kool-Aid it will turn you blue for cripes sakes. RGDS!
Silver is a precious metal. All over the world. You like to hammer home these absolutely ridiculous op's. There is zero credibility left in you. Doesn't matter what your position is, how many posts you have, how long you have been around, how many "shops" you claim to visit, etc etc.
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
I've owned four of them, 65 190D, two 85 380 SEs and a 1987 560SL. You couldn't give me enough silver to buy another. Worse than owning a boat.
Have you owned as many boats? I mean, you’re not exactly a quick learner. LOL
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
@dcarr said:
It seems that there is an opportunity for somebody with the resources to start buying 90% silver coin at the current market discount and either hold on to it until the discount diminishes, or build their own refinery.
Could it make sense to buy 90% at a discount, then short paper silver for that same amount of silver, then whenever you can get that refined, close out the short position, and whatever price changes happen, the short and long cancel out.
@dcarr said:
It seems that there is an opportunity for somebody with the resources to start buying 90% silver coin at the current market discount and either hold on to it until the discount diminishes, or build their own refinery.
Could it make sense to buy 90% at a discount, then short paper silver for that same amount of silver, then whenever you can get that refined, close out the short position, and whatever price changes happen, the short and long cancel out.
You'd have to have really deep pockets for your short to have an effect because of the increased margin requirements.
Could it make sense to buy 90% at a discount, then short paper silver for that same amount of silver, then whenever you can get that refined, close out the short position, and whatever price changes happen, the short and long cancel out.
I don't think it would make sense to add that transaction when you could just buy the 90% and sit on it until you are ready to sell it down the road. One assumption is that the market for 90% silver will still exist, which is a fairly good bet.
D.Carr is making the point that the discount is likely to become a premium - and even if it doesn't, the discount from when you buy vs. the discount when you sell would be a minor concern anyway. Why bother with the paper handling and extra accounting?
Q: Are You Printing Money? Bernanke: Not Literally
@jmlanzaf said:
There seems to be a lot of hoarding, even by governments (China), resulting in stuffing material into vaults.
I do not know one way or another if silver is going to crash or continue galloping higher. I've read arguments from both sides and neither side has convinced me. That said, if "hoarding , even by governments" is true then I'd lean toward the gains being more sustainable than the bears think. After all, don't many governments "hoard" gold? A government hoarder can really change things as governments are typically price-insensitive buyers (and sellers).
I don't know either (silver down $15 as I write this). But governments have never hoarded industrial metals to the detriment of their own industries. So, I would think the government hoarding, especially by China, is more strategic than monetary.
I think we'll learn a lot in 2026. I'm just hoping the price stays up long enough to prevent a slew of returns from my eBay sales. LOL
All comments reflect the opinion of the author, even when irrefutably accurate.
@blitzdude said:
Nobody is buying physical gutter at the current paper spot prices. We have total disconnect and its paper gutter for the win. The pop of this bubble is going to be spectacular.🍿RGDS!
People are still buying, including people who have never bought before.
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
I used the little bit of silver I accumulated, in part, to buy my $3 Princess when gold was $3600/oz. I've got some 90% silver leftover, maybe $20 face, but everything else holds numismatic value... the 7070... early copper... etc. I'm still shopping and trying to sit on my thumbs for a little while. I'm down to maybe 5-6 coins I'll want for my core collection and Box of 20... I suppose if silver gets over $200/oz as some have suggested in this thread, I might be inclined to revisit that decision.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
This is the way. If you are feeling really adventurous, go with options.
There's not doubt that it is. Demand in 2025 was lower than 2024. Demand in 2026 is forecast to be lower than 2025
If I recall correctly, Bix Weir found that the Silver Institute didn't even include the solar panel demand in their reporting of silver demand, and that was about 2 years ago. So, they've been under reporting. And he discussed it with them directly.
I knew it would happen.
Wow, who hijacked your account? lolz
COPPER is gutter !
Your chart shows demand dropping last 3 years, but did you notice for each of the last 5 years more was used than was available?
EV and hybrid production keeps going up. 30-50 grams of silver does not seem like much, but would be very costly if lack of silver shut down the production line.
supply and demand work hand in hand in establishing price equilibrium. While demand sets the price, supply contributes to demand. When there is less supply of a needed commodity, there will be greater demand for it in fear of not acquiring what is needed.
When gold and silver move together, it signals the coming end of fiat money.
That's what is so strange....no casualties. No shorts or leveraged player...no rumours of hedge funds....this rise has been a few months now, and apparently, all losses are contained.
Very strange.
.
This claim of "nobody" is ignorant.
Why do you think the market price is considerably higher in China and India than it is in New York and Chicago ?
.
It seems that there is an opportunity for somebody with the resources to start buying 90% silver coin at the current market discount and either hold on to it until the discount diminishes, or build their own refinery.
.
The Samsung batteries use a silver-carbon coating on the anodes.
I have read the claims of one-kilogram of silver per automobile. My calculations were more like 3-troy-ounces per vehicle.
An important aspect to his development is that the batteries could be used for a lot more things than automobiles.
The energy density of these solid-state batteries makes them viable for use in commercial aircraft.
Here is a previous discussion about it on this forum:
https://forums.collectors.com/discussion/comment/13795588
.
That's what is so strange....no casualties. No shorts or leveraged player...no rumours of hedge funds....this rise has been a few months now, and apparently, all losses are contained.
Very strange.
Bill Holter thinks that the shorts are being bailed out under the table by the Fed. You will deny it, but I see it as a real possibility. The Fed bailed out foreign banks during the 2008 crisis, which should be illegal.
Governments are creating fiat beyond all previous levels and governments could very well be ready to buy up as much physical metal as possible with new money before the other guy does.
Where does that leave an individual stacker? How do you compete with unlimited funds on the other side? Don't sell unless you have no other options. And have some cash.
I knew it would happen.
Sometimes, you have to look beyond the metals market for a reality check. How many 100 oz bars of silver would it take to buy the car of your choice? Does that seem like a lot of silver to trade for the car, or a complete bargain?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
14 or 15 Gold Eagles would buy any of those.
Theoretically, just seven 100-troy-oz silver bars would also buy any of them.
But I have always had a hard time justifying the cost of a brand-new automobile.
PS:
I own a Mercedes. The sticker price for this car was nearly $200,000 - in 2006 !
I bought it a few years ago when it had 28,000 miles on it and it was nearly perfect.
The price was about 19-cents on the dollar compared to when it was new (and depreciated dollars at that, compared to 2006).
The car is a 2006 SL-65 AMG with the twin-turbo V12, expensive leather interior option, plus glass sunroof option (which isn't really necessary because it is a fully-retractable hard-top convertible). 2006 was the last year for Mercedes round headlamps.
MIL "gifted" us an early inheritance...2006 Mercedes hardtop convertible. Roughly 28,000 miles.
I recently sold it.
Where I live, it is really only viable 3-5 months/year and really isn't a good car to drive the rest of the year. Maintenance is EXPENSIVE as well.
Sits too low to be good getting in and out.
I'd keep the silver bars/gold eagles and NOT buy another Mercedes ever.
that said, I get the exercise of this and it would be just over 4 silver bars for the last vehicle we bought.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
If you’re liquidating your pile then all I can say is congratulations!!!
My useless prediction is that this will run into next year….thats when I will be cash in my pile.
Suppose I had a billion dollars and I put it all on silver.
What would happen?
This is a real question.
What would it do to the price if someone or some government really did it today?
My Saint Set
Central banks, like the Chinese version, are doing a lot of the buying. They can create their own money. These bank officials seem to think that overpriced gold is safer than the U.S. dollar.
Others are coming along for the ride. No one knows how overextended they might be.
Gold is far from overvalued. The gutter metal? Well, that's a completely different story. We will see that bubble pop shortly. The physical / paper price has already severely disconnected and not in a good way. It's clear as day. RGDS!
Ever check out Whatnot? Silver and all metals but especially silver is being scooped up day and night nearly 24/7 wash, rinse, repeat. The "nobody is buying" mantra comes from those without a clue in the world lolz.
COPPER is gutter !
The world revolves around my beliefs….
How much resources would one need? And if they had those resources, then why would they do this? Dont you think they'd just continue doing what have been doing to get those resources in the first place? Why mess with an illiquid and volatile market with thin margins? Worse business advice ever.
If refining was such a good business, dont you think they'd be everywhere?
Knowledge is the enemy of fear
Thanks for all of the comments and perspectives. If I’m honest, I wonder if our prior good standing in the world has now diminished enough to cause our current reality. I now see our trading partners making deals with other countries. Yesterday it was EU/India and there have been others. Sweden recently gave us a side eye by selling most, if not all of their US T bills held by a trust for Swedish government employees. Since 2000, the US has done nothing to slow or reverse the path of national debt now screaming toward 40 trillion.
My thoughts about the future range from how should I position myself today versus what the reality may be before I die. I have a lot more questions than solutions. I, like others have liquidated most of my silver. How quickly will those dollars diminish in value? The current rate of depreciation is unprecedented.
I have , over the years, been generally optimistic about our future. I hate conspiracy theorists and gloom and doom purveyors. The biggest question in my mind is, when a politician comes along and actually tells us the truth and has a game plan to address, will the American people have any interest in hearing it? Will the people (and corporations) be willing to endure the pain of higher taxation for a chance at saving the nation?
I’m far from consumed about all of these questions. They are in the back of my head rattling around though. I’ll play pickleball tomorrow morning as usual. Work down my list of to do’s around the house. Visit with neighbors. Go out tomorrow night for Mexican food, hoping that all of these questions I have today will somehow work themselves out in the future. Hopeful but wary.
The fact our deficits are still at pandemic levels - IMHO - is the reason for a lot of this PM increase. As for other countries signing new trade deals - if we bleed out quickly instead of slowly over the coming decade, it will force the change we need. Being liked while being looted isn't a great plan for a nation. It took 40 years to hollow out the US - hopefully we can turn it around
I find it interesting that the proponents of silver, and alleged reason for the increase, are both the "stacker" mentality of betting against the economy, PMs are true money..., and also the folks championing the growth of the economy and increased demand side of things.
I've owned four of them, 65 190D, two 85 380 SEs and a 1987 560SL. You couldn't give me enough silver to buy another. Worse than owning a boat.
When gold and silver move together, it signals the coming end of fiat money.
A perfect storm to create $5,300 gold and $115 silver. A year ago I never thought we’d see these prices short term. Very little if any correction along the way. SMH
Not really betting against the economy, it is more a distrust of the political class and what they will do when they realize they can't borrow forever.
I don't think the run-up in silver is much different than gold, with the exception that people can't afford gold, so silver is the next best thing (plus the fact it was grossly undervalued).
Our debt is fine. Our trajectory is not, but that's a problem if you are around and holding the debt in 2060.
PMs don't pay dividends or interest so there's an opportunity cost. So a limit as to how much a CB will hold (or any other investor).
The U.S. is 65% of global equity market capitalization. If folks want access to our great companies, they need dollars to buy them.
That happened in 2020-21 and PMs did nothing pretty much.
My point was it is 2026 and the deficits are still $2 trillion a year.
Gold at 110% premium to 200 DMA; in last 45 years, the highest premium was 75%.
For silver, the move is more extreme. "Gold on steroids...bubble territory."
Tether is the Hunt Brothers of gold. Take the time to see who is behind it. Eventually the crash will be Epic. Look before you leap into bankruptcy . 🤑🤑🤑
I heard a proverb once, it went like this: Some people have something to say. Other people have to say something.
I trust the Mercedes is silver too.. Probably will also become a collector car as the years go by.
The constant gutter talk is tiresome and tedious, drags down the forum.
.
Yes, and I think that is their intent.
But I think most people here are intelligent enough to recognize the clowns for what they are.
.
Continuously cheerleading gutter metal on a precious metal forum is what drags the forum down. Gutter metal is not precious metal. Drink too much gutter Kool-Aid it will turn you blue for cripes sakes. RGDS!
It looks more like a pewter color than silver.
It was the top-of-the line Mercedes-Benz (performance wise) for 2006.
It was touted as the world's fastest production convertible (at that time).
So, yes, it could become a "collector" car at some point.
It is fun to drive (so long as I keep the battery connected to a trickle charger when it sits for a few days or more).
The dyno test says (at the rear wheels) 605 horsepower and 840 foot-pounds of torque.
What I learned rather quickly is don't try to drive around town with the traction control turned off.
.
Thanks for the heads up.
Thanks @Bayard1908 Now I actually have to think of something smart to say. No way ain't happening.
Silver 129 by Monday morning.
Crazy times but more then just PM's. A Pokemon card for $5MM, TSLA earns ~ $1.50 profit annually and stock is over $400, E.P.S. of almost 300. Bigger bubble then PMs out there but think they will survive the best if there is a meltdown.
The constant gutter talk is tiresome and tedious, drags down the forum.
"one trick pony" comes to mind.
I knew it would happen.
Silver is a precious metal. All over the world. You like to hammer home these absolutely ridiculous op's. There is zero credibility left in you. Doesn't matter what your position is, how many posts you have, how long you have been around, how many "shops" you claim to visit, etc etc.
COPPER is gutter !
Have you owned as many boats? I mean, you’re not exactly a quick learner. LOL
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Could it make sense to buy 90% at a discount, then short paper silver for that same amount of silver, then whenever you can get that refined, close out the short position, and whatever price changes happen, the short and long cancel out.
You'd have to have really deep pockets for your short to have an effect because of the increased margin requirements.
Could it make sense to buy 90% at a discount, then short paper silver for that same amount of silver, then whenever you can get that refined, close out the short position, and whatever price changes happen, the short and long cancel out.
I don't think it would make sense to add that transaction when you could just buy the 90% and sit on it until you are ready to sell it down the road. One assumption is that the market for 90% silver will still exist, which is a fairly good bet.
D.Carr is making the point that the discount is likely to become a premium - and even if it doesn't, the discount from when you buy vs. the discount when you sell would be a minor concern anyway. Why bother with the paper handling and extra accounting?
I knew it would happen.
I don't know either (silver down $15 as I write this). But governments have never hoarded industrial metals to the detriment of their own industries. So, I would think the government hoarding, especially by China, is more strategic than monetary.
I think we'll learn a lot in 2026. I'm just hoping the price stays up long enough to prevent a slew of returns from my eBay sales. LOL
All comments reflect the opinion of the author, even when irrefutably accurate.
People are still buying, including people who have never bought before.
All comments reflect the opinion of the author, even when irrefutably accurate.