Silver price just topped $75!

[IdahoElk]

Well, it was supposed to be 150K by Jan 1 according a lot of people - even more to some others... dunno. I dont remember 87K on anyones bingo card for bitcoin 2025

When silver goes ballistic Bitcoin is going to crash.

 

[ODB]

When silver goes ballistic Bitcoin is going to crash.

I'm just syaing bitcoin was supposed to be a big winner, but life had other plans.

 

[KsRancher]

When silver goes ballistic Bitcoin is going to crash.

Well in the last 6 months BTC had went down 19% while silver up 120%. So I would say that it has already happened

 

[tradman]

Just make sure to buy your land in a state that doesn't tax the s*** out of you. These days you never truly own land. You're just renting it from the government.

Its just like "owning a home." Really never own it because of property taxes.

 

[Smokey Bear]

Crazy evening last night. Jumped to $84 then down to $71 early. Leveling off right now at $74.50.

 

[Beendare]

That farm post was intended to pose the question;

"Why are you buying it?" Scarcity is a good reason.....

what's the current commission for a Silver/Gold sale? It used to be high when I checked a decade ago.

Silver is increasingly used in manufacturing for key components. In fact, China just announced they are limiting their exports of silver- which will increase scarcity and the price should continue to rise.

A couple things I would watch if I owned it;
1) Now the traders and manipulators have glommed on to Silver which will make it a wild ride for sure. Will history repeat itself with a scenario like the Hunt family back in 1980?

2) I've seen reports that there is more paper silver than actual bullion. The ETF's look to be selling at a premium- worth checking before you buy. HUZ.TO is currently selling at 31.70 with the NAV (net asset value) at 25.85...which is a 22.5% premium to actual Silver.

 

[2531usmc]

I'm just syaing bitcoin was supposed to be a big winner, but life had other plans.

Silver and gold are a store of value, bitcoin is a trading vehicle for the hedge funds.