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22 hours ago, RDCanecutter said:

Back in the 90s my girlfriend inherited what must have been a 100oz brick of silver. At the time I thought silver was the dumbest thing you could buy, and I am sure I said so. (Meanwhile, I used my $ to drink the Crown and Anchor dry.)

She was nervous about how to store it. I convinced her to wrap it in fabric and use it as a doorstop.

I hope she still had it when silver hit 45/oz.

I hope she still has it!  We're going to look back and laugh at $45/oz once the world realizes the simple facts....

Silver is produced at a 7:1 ratio to gold.

Pretty close to 100% of the gold that is mined/found goes into vaults or jewelry where a huge chunk of silver is used in modern day electronics and photovoltaics because of it's hyper conductive nature and yet none of it is recycled because of the historically low price.

The part of the story that hasn't unfolded yet is there are two stable silver isotopes that occur at almost a 50/50 split in nature (107 & 109).  Humanity will soon figure out which one of the two is the hyper conductor and that will be exclusively used in industrial cases where the less conductive will be used in investment scenarios.

At the end of the day silver is the most important element in the periodic table no hyperbole and yet despite this you can buy 84oz of silver to 1oz gold as of the writing of this post

Facts:
Roman Empire would let you trade 12oz of silver for 1oz gold
USA would let you trade 15oz of silver for 1oz gold back when we were on the bimetallic standard
In 1964 the median income in the USA was $6,600 when our coinage (dimes and above) was 90% silver
Today if you had $6,600 in 90% coins you could go to your local coin shop and sell it for $138,600
Today the median income in the USA is $37,585 if you don't think inflation is silent theft you are an absolute fucking moron
In 1933 the when FDR illegally stole our gold the median salary was $1,125 which in 90% coinage would get you 804.375oz silver a year
Today you can buy 804.375oz silver for $22,860.34 + premiums which is distinctly less than today's median income

I hope this helps clarify the bullish reasons to buy the lunar metal....

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Oh and to piss the absolute retards on this site off....

Mexico is the #1 silver producing country on the planet.

When the Trumpster Fire said Mexico will pay for the wall he might not have been wrong because once the shit hits the fan they will nationalize their mines and not allow the dumb gringos across.

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Reporting from Western North Carolina where we are currently visiting family. Googled "coin shops" and they appear to be almost as common as drug stores around here. I'm talking every 5 or 10 miles especially as you get near Asheville. Asheville, while growing, is still far from huge. I suppose it's all the retiree money.

I doubt I'll have time to explore this trip, and metal is high anyway, but on a future visit I'd definitely be down for a store-to-store crawl. Maybe a lurking Surlster who lives here can take up the banner and pull it off.

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At Casa Canecutter we now hunger for an old-school gold Krugerand. Low premiums going and coming. But maybe the main reason is all the late-70s commercials where Dos Equis Men with scotch-and-cigar voices would tell me to buy one. Took almost 50 years, but those ads and slowly working on me.

I figured out that I only had to draw 240 extra 4 x 6" cartoons to afford an ounce. We are at 40 this week.

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33 minutes ago, bernorange said:

Krugs are OK.  They have a distinct copperish color to them due to their allow mix though.  I prefer the color of pure gold (Maples/Buffalos) or Eagles (alloy has less copper than Krugs).

I kinda like the old "real coins meant to jingle" gold-copper alloy. I'd go Mexican if they had, say, a vintage 40 peso. The 50 peso Centenario just seems outside my ability to focus, but maybe by the time I gather enough $ to get an ounce I will have grown stronger.

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Nothing wrong with Kruggerands, low premium with not much discount when selling.    I think i used to have some before the boating accident.

Just checked SD Bullion.

Kruggs = 75 dollar difference from Buy and Sell price per oz.

Maples =80 dollar difference

AGE =  88 dollar difference

Buffalo = 90 dollar difference.

 

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Who wants to go on an Antarctica expedition with me? Volcano spewing $6000 worth of gold crystals per day.

https://www.upi.com/Odd_News/2024/04/25/Mount-Erebus-volcano-gold/3971714052176/

It sounds like a dream, but it's true in Antarctica, gold rains from the sky. Tucked in among the glaciers, fiery Mount Erebus is the southernmost active volcano on Earth, providing a bit of heat amid the frozen landscape.

While volcanic bombs are exciting, it's the bursts of gas spraying tiny crystals of metallic gold that surprise scientists, who estimate the volcano spews around 80 grams of gold a day -- that's worth around $6,000.

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