Maybe golfbum & me can set up shop & sell to china arackets at $200 an ounce.
I think the local coin shops will put out their "Closed" signs & hold their inventories. Would be almost impossible to buy silver at a price close to "spot".
I think this will be completely different than 1980 when they scr*wed the Hunts.. Physical will soar $30 in a couple of days.
Not in this. Just wondering.
SP500 may test lows of February (around 1810) in next few weeks according to master technician Bo Polny, who has called all the recent moves in the markets very accurately. SP500 could be below 1400 by October, maybe far below Polny says.
Polny called for a snapback rally after Brexit. Check. Happened. Now Polny says get out by Friday & get short the stock markets and keep buying silver & gold. Polny says July will be a historic crash in most stock markets. Megaphone formation and a wedge--terribly bearish.
The hobo wanted a silver eagle instead of $2. Two dolla ain't what it used to be. The new nickle.
I'll drop "china rackets" a fiver when he is begging on a street corner. Or maybe not.
With that $50,000 cigar lighting paper, a multibillionaire can buy at today's price almost 2,500 ounces of silver. They will. But the average billionaire will buy 250,000 ounces, or 2,500,000 ounces. It won't take many such actions to deplete the stockpiles.
Anything can happen when you have fiat currencies, and the megarich are underowned in silver & gold. $500 to a multi-billionaire is like a penny to you and me. It is nothing.
Only sell at $100 if over 50% of your assets are in silver. Also, if the currency is doing a Weimar-Zimbabwe hyperinflation, keep buying silver. It could hit $500.