Did The Fed Just Trigger A Terminal Run On Silver? - David Jensen - SGT Report
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David Jensen returns to SGT Report to expose Jerome Powell’s shocking public comments to the Kato Institute on September 8th which may have triggered a terminal run on the silver market. Comex and LBMA physical silver supplies are collapsing and silver’s price is up 15% in just the past couple of weeks.
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it’s frustrating trying to buy silver in central america and mexico, it is not available! i believe there are contracts with the usa which must be met, and nothing is left here. the few coins I’ve found are dated prior to 2019. large sellers will not ship here. enjoy your ability to buy.
Lacox
Is it possible for you to obtain OLD CURRENCY Silver Coins
You will need to do the RESEARCH beforehand in order to identify SILVER CONTENT AND the DATES that EACH COIN
had a SPECIFIC WEIGHT and FINENESS of SILVER
HERE is an EXAMPLE…..
In 1910, a new PESO COIN was issued, the famous Caballito, considered one of the most beautiful of Mexican coins. The obverse had the Mexican official coat of arms (an eagle with a snake in its beak, standing on a cactus plant) and the legends “Estados Unidos Mexicanos” and “Un Peso”. The reverse showed a woman riding a horse, her hand lifted high in exhortation holding a torch, and the date. These were MINTED IN .903 FINENESS SILVER from 1910 to 1914.
In 1947, a NEW issue of SILVER COINS was struck, with the 50-CENTAVO and 1-PESO in .500 FINENESS and a new 5-PESO COIN in .900 FINENESS. A portrait of José María Morelos appeared on the 1 peso and this was to remain a feature of the 1-peso coin until its demise. The SILVER CONTENT of this series was 5.4 g TO the PESO.
This was REDUCED TO 4 g in 1950, WHEN .300 FINENESS 25- and 50-CENTAVO, and 1-PESO COINS
WERE MINTED alongside .720 FINENESS 5 PESOS.
https://en.wikipedia.org/wiki/Mexican_peso
I do not know if ….USA JUNK Silver COIN SELLERS…… ship to Central America /Mexico
https://www.google.com/search?client=firefox-b-d&q=USA+JUNK+SILVER+coin+sellers
**
https://www.google.com/search?client=firefox-b-d&q=USA++Junk+coin+sellers
ANY + EVERY form of SILVER will do…..broken jewellery, battered / dented / useless SILVER CUTLERY; usually the HANDLES,
PHOTO FRAMES, ANYTHING. It does not have to be COINS.
All you need to KNOW is……the “SPOT” price…aka……. its daily FLUCTUATING rate.
You also need to know the “FINENESS” of the SILVER in question; the QUANTITY of the SILVER within the item……….as
opposed to VALUELESS METALS mixed with the SILVER
1-PESO in .500 FINENESS = = 50% SILVER. Therefore IF the item WEIGHS 1 OZ and the DAILY “spot” is $20.00…….
the COST will be $10.00, as the items WEIGHT is only….HALF SILVER + HALF VALUELESS METAL ………and……
excluding any “premium” the seller requests.
**
The…“SPOT” …… price of SILVER today ……10th October 2022……is fluctuating around…..$19:53 per OUNCE.
Silver Price Today
https://www.kitco.com/silver-price-today-usa/
**
FINENESS
https://en.wikipedia.org/wiki/Fineness
IT is possible to INVEST in SILVER (a HEDGE against INFLATION) at…….LOW entry CO$T.
LOOK out for…PRE 1965…..AMERICAN DIMES, QUARTERS and HALF DOLLAR COINS……their SILVER CONTENT is 90% SILVER.
* * *
The USA “Debt” Clock is currently….10th October 2022……LISTING $ILVER @ …..$ 985.00 per OUNCE
Take a LOOK at THE….USA Debt Clock……….FAR RIGHT HAND COLUMN UNDER THE HEADING ….DOLLAR to SILVER RATIO NOW.
https://usdebtclock.org
* * *
The…“SPOT” …… price of SILVER today ……10th October 2022……is fluctuating around…..$19:53 per OUNCE.
Silver Price Today
https://www.kitco.com/silver-price-today-usa/
***
One of the CHEAPEST/*/ BE$T VALUE “forms” of SILVER to BUY is known as…”JUNK SILVER.”…which is….NOT “junk.”
***
The Ins and Outs of JUNK SILVER: WHAT TO KNOW and When to Invest
BY PROVIDENTMETALS.COM ON JANUARY 23, 2019 FILED UNDER: INVEST IN SILVER
PRIOR TO…1965, AMERICAN DIMES, QUARTERS and half dollar COINS that were circulated through the U.S. market were 90 PERCENT SILVER.
While the majority of the COMPOSITION might be a PRECIOUS METAL, they are unfortunately considered to have no numismatic value—i.e., they are of NO VALUE TO A COIN COLLECTOR.
It is for this reason that we often hear these pre-1965 silver coins referred to as “JUNK SILVER.”
Yet while these coins are considered to have no numismatic value for coin collectors, THEY ARE EXTREMELY VALUABLE TO INVESTORS, as they are bought and sold in bulk DUE TO the VALUE OF….THEIR SILVER CONTENT.
https://blog.providentmetals.com/the-ins-and-outs-of-junk-silver-what-to-know-and-when-to-invest.htm#.YBQzqOj7SUl
IT is WORTH holding some “LOW-VALUE” SILVER COINS because IF, 1 oz SILVER RISES to $1,000 per ounce
……attempting to “acquire” GROCERIES/ PURCHASES with such a HIGH VALUE COIN might be “TRICKY.”
***
ALSO…..BE CAREFUL in reference to….STORING……SILVER……..in a VENUE……WITCH …..
……IF the $*IT hits the FAN……..the “OWNER” may find it DIFFICULT to RETRIEVE precious metals.