I totally agree exceft for one thing. Silver would not even be close to it's full appreciation at 33 to 37 dollars. First of all the ratio between gold and silver is still way below it's target level. Secondly we don't have enough silver above ground to even make a dent for any country that wants to expand in the global economy.
Does anyone think that all the silver rounds made in the last five years is worth selling at that price? Just to make another gadget, medical suplly needs, and the list could go on and on. Think about the price we pay for any rounds and if a lot of people want to give them up , I myself ty.
Another little piece I would like to add. Although I don't know what it cost to make just a .999 Silver Eagle I do know what I paid. And I know the price of silver. Now take a look at what it cost to make a penny today or a nickel, {last I knew 1.8 cents to make a penny and almost a dime to make a nickel] and ask yourself what a silver round printed is actually worth.
I guarantee it is worth a lot more than 37.00 a round. Please don't quote my exact price on cost structure on making coins. But I know I'm in the right ballpark. We haven't seen anything yet. We don't even know how to create jobs when it stares us in the face.
Last week a retired Marine came up with a solar panel that was so inexpensive to today's model that it wasn't even warranted a look from Washington. By 2 A.M. the next morning the Chinese made him a hefty offer and now he is of to the races. What are they doing in D.C. ? This would have created 1000's of jobs for generations. No! Instead they would rather fudge the job market with jobs that last 6 month's. I need a radio program. This country needs people who understand work ethics, not golf courses to make shady deals.