With silvers spike recently, I am a little hesitant on purchsing more bars right now, but I think this might be the new price floor.
Should still be a safe investment.
Should still be a safe investment.
-
Comment -
Taking a BATH on this silver right now. Felt smart for a few days, not so much now.
I wonder if Peter Schiff will ever retreat on his gold-bug stance. Sounds like he's going to advocate gold til the day he hits the grave.Where's the fuckin power box, Carol?Comment -
Silver at 24.42 and i think it is still on the way up Chucky.Comment -
I'll go for some more short-term projections. As we speak (end of July 2020):
BITCOIN: $11,174 (vs usd)
GOLD: $1956
silver: $23.35
Let's go for projections for end of 3q (9/30/2020):
BITCOIN: $11,800. I think it keeps moving up, but slowly.
GOLD: $2020. May see resistance if it creases $2000.
SILVER: $28. Best bet, imho. Still has room to grow.Where's the fuckin power box, Carol?Comment -
Gold at 1992
Silver at 25.27Where's the fuckin power box, Carol?Comment -
Hockey, good question. I'm well beyond my break-even point. Made my buys a good while back.
Note: I'm not even close to a financial expert. These are just my opinions.
I bought thru a bullion shop. Buying silver is frustrating for sure. You pay a surcharge a good bit above the spot price, and I'm not sure best route to sell. Seems to be too many expenses, for sure. I just view it as a hedge against inflation.
Lastly, one option is to buy SLV in the stock-mkt. I think that item moves pretty much in lock-step w/ silver/USD price. And expense ratio is reasonable, only 0.50%.Where's the fuckin power box, Carol?Comment -
Where do the precious metals head this week?
Currently sitting at:
*Gold: 2034
*Silver: 28.30Where's the fuckin power box, Carol?Comment -
Look at that sharp move by Bitcoin. Back to 12k.Where's the fuckin power box, Carol?Comment -
Really got humbled on this one. Ugh, lots of ground to make up. Gold/silver markets very volatile right now.Where's the fuckin power box, Carol?Comment -
News over the wkend that Berk Hath holding $$ in gold-mining stocks. Significant, b/c Buffett has been particularly negative on Gold.
For at least one day, I think it will be bump up in metals. I'll call for these prices as of 5pm est Monday:
Gold 1980
Silver 27.20Where's the fuckin power box, Carol?Comment -
Almost popped on a roll of 1/2 oz rounds this morning. Great price but he only took ppal. that's about the only payment I am not set up for.
Silver at 27.85 and should be on the rise.Comment -
-
Gold going to new highs today, I believe.
I still don't quite understand why the margins are so hi on silver. Other than that's the way it's (always) been.Where's the fuckin power box, Carol?Comment -
Read about the Coinage Act of 1965. Think about it, digest it. Think about it might impact the near future.Where's the fuckin power box, Carol?Comment -
Remarks at the Signing of the Coinage Act
July 23, 1965
Distinguished Members of Congress, ladies and gentlemen:
We are gathered here today for a very rare and historic occasion in our Nation's history.
Before I make some observations that I have made note of here, I want to say to the Congress again, as I do almost daily these days, in the words of the Navy--"Well done."
When I have signed this bill before me, we will have made the first fundamental change in our coinage in 173 years. The Coinage Act of 1965 supersedes the act of 1792. And that act had the title: An Act Establishing a Mint and Regulating the Coinage of the United States.
Since that time our coinage of dimes, and quarters, and half dollars, and dollars have contained 90 percent silver. Today, except for the silver dollar, we are establishing a new coinage to take its place beside the old.
My Secretary of the Treasury, Joe Fowler, is a little stingy about making samples, but I have some here. Joe made sure that I wouldn't put them in my pocket by sending them over here in plastic.
Actually, no new coins can be minted until this bill is signed. So these strikes, as they are called, are coins that we will never use. On one side is our first First Lady, Martha Washington. On the other, a replica of Mount Vernon.
The new dimes and the new quarters will contain no silver. They will be composites, with faces of the same alloy used in our 5-cent piece that is bonded to a core of pure copper. They will show a copper edge.
Our new half dollar will continue our silver tradition. Eighty percent silver on the outside and 19 percent silver inside. It will be nearly indistinguishable in appearance from our present half dollar.
All these new coins will be the same size and will bear the same designs as do their present counterparts. And they will fit all the parking meters and all the coin machines and will have the same monetary value as the present ones.
Now, all of you know these changes are necessary for a very simple reason--silver is a scarce material. Our uses of silver are growing as our population and our economy grows. The hard fact is that silver consumption is now more than double new silver production each year. So, in the face of this worldwide shortage of silver, and our rapidly growing need for coins, the only really prudent course was to reduce our dependence upon silver for making our coins.
If we had not done so, we would have risked chronic coin shortages in the very near future.
There is no change in the penny and the nickel. There is no change in the silver dollar, although we have no present plans for silver dollar production.
Some have asked whether our silver coins will disappear. The answer is very definitely-no.
Our present silver coins won't disappear and they won't even become rarities. We estimate that there are now 12 billion--I repeat, more than 12 billion silver dimes and quarters and half dollars that are now outstanding. We will make another billion before we halt production. And they will be used side-by-side with our new coins.
Since the life of a silver coin is about 25 years, we expect our traditional silver coins to be with us in large numbers for a long, long time.
If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.
The new coins are not going to have a scarcity value either. The mint is geared to get into production quickly and to do it on a massive scale. We expect to produce not less than 3 1/2 billions of the new coins in the next year, and, if necessary, twice that amount in the following 12 months.
So, we have come here this morning to this, the first house of the land and this beautiful Rose Garden, to congratulate all of those men and women that make up our fine Congress, who made this legislation possible--the committees of both Houses, the leadership in both Houses, both parties, and Secretary Fowler and all of his associates in the Treasury.
I commend the new coinage to the Nation's banks and businesses and to the public. I think it will serve us well.
Now, I will sign this bill to make the first change in our coinage system since the 18th century. And to those Members of Congress, who are here on this very historic occasion, I want to assure you that in making this change from the 18th century we have no idea of returning to it.
We are going to keep our eyes on the stars and our feet on the ground.
Note: The President spoke at 11:21 a.m. in the Rose Garden at the White House. During his remarks he referred to Henry H. Fowler, Secretary of the Treasury.
As enacted, the Coinage Act of 1965 is Public Law 89-81 (79 Stat. 254).
On October 30, 1965, the White House announced that circulation of the new 25-cent piece would begin on November 1. The White House release stated in part, "The new--nonsilver--quarter dollar will be added to the circulation of the traditional 90 percent silver quarter. Both the old and the new quarters are to circulate together.
"Approximately 230 million pieces of the new quarter will be distributed during the week beginning November 1. Initial distribution will be backed by production that will rise from 28 million to 60 million pieces a week during November, and will be still higher thereafter."
Lyndon B. Johnson, Remarks at the Signing of the Coinage Act Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/241368
Filed Under
Categories
Presidential
Miscellaneous Remarks
Attributes
Bill Signing
Location
Washington, DC
Simple Search of Our Archives
Report a Typo
The American Presidency Project
John Woolley and Gerhard Peters
Contact
Copyright © The American Presidency Project
Terms of Service | Privacy | Accessibility
Where's the fuckin power box, Carol?Comment -
Silver took a bath, ugh. Wonder what Schiff will have to say today.Where's the fuckin power box, Carol?Comment -
WTF is up w/ Silver. Ag being rejected.Where's the fuckin power box, Carol?Comment -
Where will silver be at the open this evening?Comment -
A peer to peer buy/sell/trade forum is all people looking to buy when it is usually people selling.
Silver just spiked $1.82 on the openComment
