re: Physical silver

We're at $15.42 spot on the ask. When it hits $15 I'm going to be ready to buy physical silver again. Although I'd be averaging my cost up which is something I don't like to do often.

I probably should have sold some at $45, or whatever it got to.

I think silver long term is the best precious metal to own for a variety of reason, including it has some huge upside.

Having said all of this, it's not clear to me how long it can keep going down before supply dwindles. It's not clear to me how long other countries keeping starting additional central bank interventions. I suspect the BoJ had as much to do with the recent decline as the Fed did. The million dollar questions.

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I suspect the BoJ had as much to do with the recent decline as the Fed did.

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What the BoJ did should have put upwards pressure on precious metals, not downward.

Should have, but it didn't when the USA first announced QE either.

I'm not convinced higher interest rates will drive pm's down either. I suspect by the time interest rates start to rise, it will already be chasing inflation. An argument could be made it already is.

The equities market has reacted to news in the logical manner (mostly) throughout this, but the pm markets have not.

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I'm asking what logic on both views would be)

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More liquidity usually means higher PM prices due to more money going into buying the metals. In theory, the Japanese would have been buying silver as an inflation hedge to counter the BoJ's inflationary monetary policy which would drive the price of silver up worldwide.

Silver is fungible. It can be bought with any hard currency and the yen is definitely fully convertible.

Precious metals have been in an historic price bubble since the 2008/2009 financial crisis with all of the world's major central banks increasing their money supplies. The air is coming out of that bubble.

Silver will go below $15/oz. When I made that prediction last March it seemed a little crazy because it was at $20.43 and was a recent near low price at that time.

But now it's accepted as a "of course it will, everybody knows that!" type of statement.

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I'll have to check out the price of a roll of silver quarters on Ebay. Several years ago, I paid $90 a roll for 50 rolls.

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I've noticed a price decrease in collectible (old) silver coins on eBay. Last week I bought an 1899 New Orleans minted silver dollar in very good condition for $19 on eBay.

Normal backwardation. Is it yet, yet? Not yet.

I heard they have a football team.

Silver up over 4% today. I haven't heard any news; anyone know the cause?

Iowa, home of the right of first refusal in perpetuity on the USM logo, so there's that.

I have physical silver that I've held for so long that it would be shameful to everyone else here for me to say what number I got in at on it. I'm going to never sell it, more than likely, I just like having it as an old school piggybank on steriods.

I want it to be amongst my executrix's surprises to my heirs.