SILVER at $15.58 - TIME TO LOAD THE TRUCK. Thanks FED and COMEX.

in #silver7 years ago

These people at the Fed and Comex must think the majority of us are stupid or something. Well, All I can do is to thank them for bringing the prices WAY down today. Silver dropping .45 Cents per oz? SWEET! I am now officially buying once again.

For those looking to get into precious metals. Today you truly have a gift handed to you on a "silver" platter. Can't go wrong with these prices. This one is short and sweet today because I plan to go buy some silver right now. Cheers. Time to add to the collection. This is life. Go Steemit. silver coins.jpg
(image off of google imaging)

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I think we are at an inflection point where the banks are going to use this to cover their short positions.

That's pretty cheap. I think I'll buy some more.

It's time to convert some crypto to physical metal as the "true" insurance like @crowe said.

Physical silver use will grow (medical industry; solar industry, ...) and mining will decrease (our reserves are not inexhaustible).

as much as I love silver, I'm starting to view Bitcoin as the new Gold and Litecoin as the new silver.

I'm with you to a point. I will always view gold and silver as the "True" insurance. Can't manipulate it and people want it BAD. Silver is an incredible price. In my view, all 4 mentioned are good. Just different.

Stupid bankers! Stack, stack and more stack!

I'm with you on that. Cheers.

They just keep punishing the metals SODS , cheers mike

I believe silver will touch the $14 handle. They will break the gold down to $1185 dragging silver along with it.

Because of the exchange rate I dont remember it being this cheap probably since 2009/2010 in Australia

Do you have recommendations on where to purchase silver?

Wow thats low. I was expecting it to hover round 16. Time to purchase.

The gold/silver ratio is pressing up at 80. That means you get 80 silver coins for the price of 1 gold coin. Last year high was 83,5 silver per gold.