In an effort to protect the property of citizens from the harmful effects of inflation created by the Federal Reserve, lawmakers in Washington State introduced a bill over the weekend to declare gold and silver legal tender within the state...
but the Swiss Franc ist NOT pegged to the Euro. The SNB has established a FLOOR of 1.20 to the Euro. The pegging myth is not becoming true just by repeating it over and over again...
Thanks for posting. Curious what you think of Jon Nadler, kitco sr analyst, comments two days ago that gold physical market isn't significant enough to offset profit taking around $1750, leaving gold to hover between $1520 and 1700 for this year.
I would buy damage ASE at spot any time. Thanks for your research, very valuable info. After all those figures I conclude that it is irrelevant how much exactly is investment silver in existence. Take the largest number you like it will be very small comparing the paper claims and potential investors demand.
You just have to have a manufacturing policy for your country, it should be a part of national security that you have this knowledge at home, after that the value of your money means fairly little.
Brother John, I found a great resource on Zero hedge called compare silver prices dot com. I takes the live price feeds from the largest dealers in the country that post their buy and sell prices on gold and silver bullion. Have you seen it? Looks like maybe tf metals or zero hege owns it.
I have been buying junk silver and 999 fine since sept. 2010. I have a little over 5700 dimes, 810 quarters, 276 halves, and 92 dollars. Plus a whole lot of 999 fine.
Brotherjohnf, Our goverment made it illegal in 2006 to melt any us legal currency look it up. If your argument is true all the 90% copper pennies would be legal to melt. Only hold pure silver.
@encepurdy68 Although many claim that it is not legal, it is. The practice was banned starting in 1967, but then allowed in 1969. It is, however, illegal to melt U.S. pennies and nickels. The reasons for these are simple. There are no longer any silver coins in circulation, so melting them has no effect on day-to-day transactions. However, melting pennies and nickels removes them from circulation, so it would harm the U.S. economy for people to melt them.
@UNENSLAVER Do you really trust our government to do the right thing in a time of panic. A penny dated pre 1982 is currently worth 2.5 cents that is a huge gain. I still find silver 40% halves in Circulation, i found 5 last week. After purchasing some counterfeit quarters, halves, dimes and dollars from china I liquidated all of my 90% silver. I hold 999 and 9999 pure silver minted by a government. That extra couple of dollars for the pure will be nothing in the future. BUY QUALITY
@encepurdy68 NO! LOL!! Buy nitric acid, NOT CHINA!! SUCKER!! 100% of my 90% is the REAL DEAL! Lots of smart people are saving copper pennies and nickels.
@UNENSLAVER, I knew they were fake coins. they are really good ones. look for yourself. If you are purchasing a $1000 face 90% bag it would be easy to trow in a couple junkers. Only trust pure silver. If you really believe that when silver is $1000 an ounce that you will get that for your 90% you are dreaming
Re 6:00 The Japanese make most of the cars they sell her, right here in N. America. This helps them with their currency problem. The strength of the Yen doesn't hurt them because their production and profits are in dollars.
Another alternative is that Japanese exports are becoming expensive with the currency divergence, but that the Japanese are willing to take a short-term loss, in order not to lose permanent access to the bigger American consumer markets, on the assumption that central banks will manipulate the currencies back into the safety zone within a reasonable time so that export profitability can resume.
If only 25% of those coins remain, how rare are they? I guess what Im wondering is at what point do they retain a nuismatic premium and stop melting them down?
@Motoicon It's supply and demand. When coin stores can sell junk silver for premiums higher than generic rounds or other coins, it will stop being the first into the smelter.
@UNENSLAVER These people have been bidding up Silver Eagles all weekend like it's nobody's business. Friday I saw rolls going for $735-$740, Now just min's ago I watched multiple rolls sell for $790 each!!
Come on. We aren't going to run out of junk silver. The price may go up but if you are willing to pay you can get it. I'll set aside some nice proofs for you. I Promise I won't melt them.
Silver in bubble territory? Seems like an awfully big run over the last few years... ???
funtimes73 3 weeks ago
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In an effort to protect the property of citizens from the harmful effects of inflation created by the Federal Reserve, lawmakers in Washington State introduced a bill over the weekend to declare gold and silver legal tender within the state...
ZeroPoint2013 3 weeks ago
Are we all going to be 90 years old before Silver gets to $500oz?
I've been into this since 2005........
dojufitz 3 weeks ago
Wheres the the debt clock get its information from?
7Losses 3 weeks ago
Thanks BJ for the video...
but the Swiss Franc ist NOT pegged to the Euro. The SNB has established a FLOOR of 1.20 to the Euro. The pegging myth is not becoming true just by repeating it over and over again...
swisschris1986 3 weeks ago
Thanks for posting. Curious what you think of Jon Nadler, kitco sr analyst, comments two days ago that gold physical market isn't significant enough to offset profit taking around $1750, leaving gold to hover between $1520 and 1700 for this year.
Vid# rw_aff6jBiI
mygaboo 3 weeks ago
The depression coming.
Maxell720 3 weeks ago
Comment removed
Maxell720 3 weeks ago
Interventions work for so long then you need and event to make people change their perceptions. I wonder what is coming.
davincij15 4 weeks ago
I would buy damage ASE at spot any time. Thanks for your research, very valuable info. After all those figures I conclude that it is irrelevant how much exactly is investment silver in existence. Take the largest number you like it will be very small comparing the paper claims and potential investors demand.
Alexiscom1 4 weeks ago
You just have to have a manufacturing policy for your country, it should be a part of national security that you have this knowledge at home, after that the value of your money means fairly little.
Crashbanksbuysilver 4 weeks ago
just because there were that many junk silver pieces minted...doesn't mean they still exist. I'm sure a lot of it has long since been melted down.
therealcraqerjaq 4 weeks ago
This has been flagged as spam show
Brother John, I found a great resource on Zero hedge called compare silver prices dot com. I takes the live price feeds from the largest dealers in the country that post their buy and sell prices on gold and silver bullion. Have you seen it? Looks like maybe tf metals or zero hege owns it.
HansGruber1962 4 weeks ago in playlist More videos from BrotherJohnF
I have been buying junk silver and 999 fine since sept. 2010. I have a little over 5700 dimes, 810 quarters, 276 halves, and 92 dollars. Plus a whole lot of 999 fine.
silverexplosion 4 weeks ago
Brotherjohnf, Our goverment made it illegal in 2006 to melt any us legal currency look it up. If your argument is true all the 90% copper pennies would be legal to melt. Only hold pure silver.
encepurdy68 4 weeks ago
@encepurdy68 Although many claim that it is not legal, it is. The practice was banned starting in 1967, but then allowed in 1969. It is, however, illegal to melt U.S. pennies and nickels. The reasons for these are simple. There are no longer any silver coins in circulation, so melting them has no effect on day-to-day transactions. However, melting pennies and nickels removes them from circulation, so it would harm the U.S. economy for people to melt them.
UNENSLAVER 4 weeks ago
@UNENSLAVER Do you really trust our government to do the right thing in a time of panic. A penny dated pre 1982 is currently worth 2.5 cents that is a huge gain. I still find silver 40% halves in Circulation, i found 5 last week. After purchasing some counterfeit quarters, halves, dimes and dollars from china I liquidated all of my 90% silver. I hold 999 and 9999 pure silver minted by a government. That extra couple of dollars for the pure will be nothing in the future. BUY QUALITY
encepurdy68 4 weeks ago 2
@encepurdy68 NO! LOL!! Buy nitric acid, NOT CHINA!! SUCKER!! 100% of my 90% is the REAL DEAL! Lots of smart people are saving copper pennies and nickels.
UNENSLAVER 4 weeks ago
@UNENSLAVER, I knew they were fake coins. they are really good ones. look for yourself. If you are purchasing a $1000 face 90% bag it would be easy to trow in a couple junkers. Only trust pure silver. If you really believe that when silver is $1000 an ounce that you will get that for your 90% you are dreaming
encepurdy68 3 weeks ago
@encepurdy68 When silver is worth $1000 OZ a 90% dime will be worth about $75.
Think about the ease of rubbing a dime on a stone and testing with acid, compared to processing a full .999 OZ @1K.
UNENSLAVER 3 weeks ago
@encepurdy68 "After purchasing some counterfeit quarters, halves, dimes and dollars from china "
What makes you think they are from china? Why not the United States?
fuzzywzhe 3 weeks ago
Throw away all Charts,Waves and Graphs they are No Good because Your Govenment is manipulating it...There are No Free Markets Comprende?
maracanazo50 4 weeks ago
NICE INFO, THANKS JOHN
duckvision1974 4 weeks ago
check out InvestorPaul - very good chart-based commentary on Au and Ag
octapotamus 4 weeks ago
any guesses as to what % of canadian junks were melted?
mtube620 4 weeks ago
@mtube620 A lot ! Canada has a program that get every silver coin and melt it to fund coinage of steel money.
AGbalz 4 weeks ago
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Re 6:00 The Japanese make most of the cars they sell her, right here in N. America. This helps them with their currency problem. The strength of the Yen doesn't hurt them because their production and profits are in dollars.
freesk8 4 weeks ago
Comment removed
freesk8 4 weeks ago
Another alternative is that Japanese exports are becoming expensive with the currency divergence, but that the Japanese are willing to take a short-term loss, in order not to lose permanent access to the bigger American consumer markets, on the assumption that central banks will manipulate the currencies back into the safety zone within a reasonable time so that export profitability can resume.
toluca56 4 weeks ago
If only 25% of those coins remain, how rare are they? I guess what Im wondering is at what point do they retain a nuismatic premium and stop melting them down?
Motoicon 4 weeks ago
@Motoicon It's supply and demand. When coin stores can sell junk silver for premiums higher than generic rounds or other coins, it will stop being the first into the smelter.
erichaynes88 4 weeks ago
@erichaynes88 Certainly something to think about! I'll be buying some more "junk" tomorrow! Keep stacking!
ArgentPure 4 weeks ago
Comment removed
renegado100 4 weeks ago
1ST
renegado100 4 weeks ago
@renegado100 nope
disclosurenow9 4 weeks ago
@disclosurenow9 whatever !! lol
renegado100 4 weeks ago
MoonShot after $44 = Rocket Ride Up !
TheSilverWatch 4 weeks ago
Great, thank you
highandwired 4 weeks ago
I've had my finger on the pulse of the ebay silver market.
I believe it's the best overall window into the physical market.
It won't go to the moon unless we continue to stack and hold.
When the gates open, the silver flows...that $50 level...
UNENSLAVER 4 weeks ago
@UNENSLAVER These people have been bidding up Silver Eagles all weekend like it's nobody's business. Friday I saw rolls going for $735-$740, Now just min's ago I watched multiple rolls sell for $790 each!!
kcrone1 4 weeks ago
Come on. We aren't going to run out of junk silver. The price may go up but if you are willing to pay you can get it. I'll set aside some nice proofs for you. I Promise I won't melt them.
disclosurenow9 4 weeks ago
Thanks!!
HoodyWho123G 4 weeks ago