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Silver Values - 26July2011


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The price of silver is high and seems to be moving higher. See below.


Silver $40.63/oz

1942-1945 Nickel* $2.2859

1916-1945 Mercury Dime $2.9391

1946-1964 Roosevelt Dime $2.9391

1916-1930 Standing Liberty Quarter $7.3478

1932-1964 Washington Quarter $7.3478

1916-1947 Walking Liberty Half Dollar $14.6957

1948-1963 Franklin Half Dollar $14.6957

1964 Kennedy Half Dollar $14.6957

1965-1970 Half Dollar (40% silver) $6.0089

1878-1921 Morgan Dollar $31.4252

1921-1935 Peace Dollar $31.4252

1971-1976 Eisenhower Dollar (40% silver)** $12.8486


* The U.S. Mint issued two compositions of the nickel in 1942. The standard copper-nickel composition used today and the 35% silver composition listed here.

** The 40% silver version of the Eisenhower dollar was issued as a collectible only, they are generally not found in circulation. The best way to distinguish the two versions is by weight. The copper-nickel version weighs 22.68 grams, the silver Ike dollar weighs 24.59 grams.

Information from Coinflation.com website


This sure increases the cost of collecting circulated sets as well as premium sets. Any thoughts on the future direction for precious metals.

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Silver should only go higher, thats why I've been buying and searching out silver for the last 2 years.


The real kicker is the HFT computer trading, that was the cause of the major drop a few weeks ago.


Hard to get a real feel of the market, when the computers can trade even when the markets arnt open, except COMEX.



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Our economy is tanking, and precious metals are going up not because they are innately worth more, but because the dollar is worth less.


It is not just our economy, it is a world-wide plague. The problem is identifying the cause. Theories abound, but nothing can be proven. Conspiracy theories are always scoffed at because no definitive proof is ever provided to support the theory. And even when circumstantial evidence is provided, it is still debunked because of the fact it is a conspiracy theory.


And when it is theorized that the ones in charge of investigating the matter are involved in the conspiracy, how can you prove it one way or another? For months there has been an stifled outcry for an investigation on the silver market. Trade agreements have been entered by some countries in order to remove themselves from influence and manipulation from the US dollar. Now, we see the new Chinese (HK) silver exchange emerging. This exchange is apparently making attempts to remove itself from some of the manipulative practices of the GLOBEX.


So where is the cause of the problem? We can only theorize.


As I see it, silver is attempting to climb in reaction to the devaluing currencies world-wide. The problem is, there are forces at work that are apparently bringing the market back down. Yes, we see overall that the price of silver is slowly rising, but when we look deeper at the daily activity, we find a pattern.


We find that the majority of the daily declines in silver spot result from "trading" that ensues at the end of London trading and the end of GLOBEX trading. We then find silver on the rise again on the opening of the Asian markets.


I would propose that the pricing corrections are not being made at the end of the GLOBEX trading, but rather at the opening of the Asian markets. The U.S. has so much to lose with the rise of silver prices.


If we remember our own recent history, we would realize that the U.S. Government over the past eight years has consolidated the majority of the U.S. banking structure into two entities: JP Morgan and HSBC. Now, JP Morgan took opportunity to short billions in USD on silver when it began to rise over $29/ozt. The problem is that the price never came back down and began to raise to over $50/ozt.


This is an obvious dilemma since that short must be accounted for within months. How coincidental that the silver prices suddenly dove near to those prices after the new exchange rules caused panic. Yet, the prices did not fall quite enough, and ever since we have seen silver struggling to rise in conjunction with the devalued currencies...yet, coincidentally, by end of GLOBEX trading we have been coming back to square one.


It is said amongst the Jewish rabbis that coincidence is not a kosher word.

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It is not just our economy, it is a world-wide plague. The problem is identifying the cause.


I'm pretty convinced that it's the perfect storm of:


- unbacked fiat currency that is being issued unresponsibly, like it's monopoly money

- addiction to credit (individuals as well as governments)

- being so far in the debt hole that there's no choice but to keep on digging (just like today's most recent increase of the debt ceiling, with no sizeable cutbacks in spending)


I can't see this system as anything but a house of cards/ponzi scheme. The only options countries so deep in debt will have is to either default or to inflate their currency so much that they can pay those debts off with near worthless currency (ie Weimar republic).

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  • 2 weeks later...

I think one of the main causes of continued financial woes is the fact that governments around the world have lost faith in fiat currencies.


The mirage created since the 1930s (Keynesian economics) is gradually unravelling, it worked as long as fiat currencies were accepted, fiat currencies being backed by the good faith of the government. Unfortunately when the good faith of the government consists mostly of credit created out of future predicted wealth that doesn't exist yet, linked with borrowing beyond what can be paid back (including future predicted wealth of other countries) and also delaying debt payments and putting them off for future generations to deal with, it kind of undermines the government's good faith credibility.


So when governments of producer countries like China and India start to think harder about whether or not to accept these government promises it causes problems like we are facing now.



The problem is then compounded by the general populace also picking up on these problems as they are filtered down through the media, but also the falling faith in stock markets, the housing bubble, pensions crises, rising unemployment, continued inflation eroding the value of what you can buy. People are beginning to wake up to the fact that 'banks cannot be trusted' (particularly in the UK where banks are facing a bad time of late), and that maybe the money we have in our pockets is only worth the paper it is printed upon. The biggest driving force of all of course is 'uncertainty'. Most people fear the unknown and the current situation of the eurozone and the US dollar is a grave cause for concern. In fact only yesterday I was watching a news broadcast from the UK houses of parliament where the chancellor was talking about Britain's precarious position and the fact that severe spending cuts are the only thing making the country a possible 'island of stability' and yet around him the politicians sat, without the usual jeering and crying in agreement of a well delivered speech, but with an uncomfortable look upon their faces, one might also say of 'concern'.


It should be noticed that all fiat currencies collapse eventually, as proved by history, maybe this is our time?


It seems only natural therefore that people flock to gold and silver in times of crisis and that the prices will continue to rise to reflect this.

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