Gold is currently up $13.46 an ounce and silver is down $0.46 an ounce. The normal correlation would be for both to be synchronized. The reason is due to the number of paper shorts on each physical ounce of silver: 0ver 400 to 1. Banks are manipulating the price of silver to make illegal profits but their actions have resulted in an unintended consequence. The price of physical silver has risen to a point where they cannot cover their manipulation and it will actually bankrupt some “too big to fail” banks.
While many people understand this information, a specific timeframe has never been discussed. After Tuesday’s election, news will be released that has been suppressed. This is only one of those pieces.
David DeGerolamo
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Silver has outdone Gold % wise. If you had purchase a $1000 of silver last December, it would have increased more that Gold if you had purchased $1000 of Gold last December.
After the election I believe silver will reach $50 for the third time ever. Three is a biblical number.
Job 27 (talks about the rich gather up silver)
17 He may pile it up, but the just will wear it,
And the innocent will divide the silver.
Thank you, David. Your insight and helpful information are always very much appreciated.
Wow. Silver I bought a few years ago has about doubled in terms of dollar value and the little gold I bought has gone up about 30%. Comparatively speaking, I just checked the iBonds I bought two years ago, and they’ve accumulated about 10%. While not bad, in and of itself, I think together they speak volumes about the state of the USD and economy versus the “official” propaganda. Watch for demand for US treasuries by international players to dry up and then you’ll know it’s close.
20 years ago I was convinced by a friend to buy 3 bags of junk silver. (Nickels/dimes/quarters) if I remember they averaged 2,800-3,300 per bag.
Best money I barely had at the time I ever spent. And still have all 3.
Chris (CIII)
I think you mean dimes, quarters, halves. Good on you, don’t you wish you had more?
Keep in mind that nickels before 2004 were actually cupro-nickel coins. After 2004, they became zinc slugs (5 cents by fiat). A pre-2004 nickel is now worth 7.3 cents due to the metal content. While they are not on the same value status as pre-1964 dimes, quarters, half-dollars and silver dollars, they still have value as barter. Plan accordingly.
That is why they made it illegal to melt nickels. There were silver nickels minted in WWII.
Grok:
For common date war nickels in circulated condition, you might expect values slightly above their melt value, potentially around $2 to $5 depending on condition, which aligns with some sentiments from X posts.
High-grade or special variety war nickels could be worth significantly more, but this requires precise identification and often professional grading.
I had a little windfall a couple weeks ago and decided to add to my “junk” 90% silver coin stash, despite buying high. Not happening in my area. All the trustworthy silver coin dealers are sold out. I’ve never seen them sold out, before.
Take it for what it’s worth.