We are quickly approaching what some are describing as the perfect storm in the event that could be a life changer when it comes to the silver price. If we hit the perfect storm, what would you believe will be the price move in silver by the 1st of November. I personally believe in this perfect storm silver will rise to 10 times the 12 month low price, which would be $260/oz.
I’m EXTREMELY new to silver, investing etc. and have a question as I’m looking at ‘junk silver’ to try to prep for TSHTF, and I just ‘don’t get’ the pricing….
Let me lay this out (my thinking) and someone please let me know where I’m right/wrong….
Ok – using silver at spot price of 32.00 per oz for ease of math – If you have 1 pound (16oz) of 90% silver coins (no new, war nickels etc – all 90% coins) then what is ‘retail price’ you should be paying?
I take 16oz x $32/oz and that is $512 if coinage is 90% then spot price for the silver in these coins is $460.80 (512x 0.9). But everywhere I look (ebay, silver seller links on pages etc) a 1lb bag of coins is selling for at least $520 – isn’t this too high? 520/16= 32.50/oz but again this isn’t pure silver it’s 90%…
Am I missing something? Or is it just demand is putting the old coins up over melt value or ???
Am I just looking in the wrong places? If Canadian coins are only 80% silver – then shouldn’t a pound of them sell for 409.00 (512x 0.8)
Patience please - as I said (& as online name signifies) I’m a newbie!!!!
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
" Store a radio in a steel container, make sure to bubble wrap it for insulation. Stick it in the attic, garage, wherever as a spare in case of confiscation. I have an old Drake tube rig I am restoring that will be mostly EMP proof "Reply To: Ham radio
" Nice Shootin' TEX!
I am thinking avoid the ASE's (I have some) as they are prolly tracked by Big Bro... at least the bulk purchases, as I started out with. But that went down in Lake Monroe, stupid of me to take the stack with me on vacation! You are best off buying with cash, and junk is usua... "Reply To: EBAY: ASE's at 40% PREMIUM
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