I own silver. Bought at $24 and today it ended at $52.93. Not bad. Let’s see what happens. Meanwhile, Joe Lange is tracking it. Here’s what he wrote:
SILVER update:
The SILVER shortage is REAL.
“Australia’s Perth Mint, trusted worldwide, has fully suspended all sales of silver products. Not a single coin or bar leaves the facility—effectively erasing one of the world’s key sources of new physical supply.
In INDIA, the headlines tell the story:”
“Not even a sliver of silver available.”
“Suddenly and without warning, there seems to be a shortage of SILVER.”
DEFAULT ON DELIVERY “
Worse than a “shortage” reports are now coming out that silver dealers in India, who sell via AMAZON, are DEFAULTING on delivery; advertising for sale, taking the order, ACCEPTING PAYMENT and failing to deliver!”
“Silver: The Shortage Story Splits in Two
Physical silver shortage hits London, and it’s getting serious.
Lease rates in London have exploded to 39%, a full-blown panic signal.
If banks can’t find the metal, they’ll be forced to buy back futures or deliver actual silver – both actions that could ignite a violent price surge.”
The greatest worldwide SILVER squeeze in history is beginning.
Thanks for the post. I thought silver was being mined in Mexico? Of course the problem with silver is that it is legal tender in only a few states. Merchants might not accept silver until things get REALLY bad. SHTF currency will likely be ammo.
“Hi ho Silver!”
Now, I get it. Thank you Clayton.
The Lone Ranger!