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PHC1 01-31-2021 11:06 PM

Silver Retail Sites Grind to Halt
 
Silver Retail Sites Grind to Halt as Reddit Horde Moves to Coins


https://www.bnnbloomberg.ca/silver-r...EAN1I.facebook

Formerly YB-2 02-01-2021 08:17 AM

Wonderful!! I can hardly lift my safety deposit box and may be time to bank some greenbacks. And, gold will likely move with silver.

PHC1 02-01-2021 11:03 AM

It's a temporary game. Let's not forget who is really in control here... :smoking:

https://www.britannica.com/topic/Silver-Thursday

cleeds 02-01-2021 03:00 PM

Quote:

Originally Posted by PHC1 (Post 1031148)
It's a temporary game. Let's not forget who is really in control here...

It's not a question of who, but what. Ultimately it is the market that determines price and value. That's why every bubble eventually bursts.

crwilli 02-01-2021 08:07 PM

Silver Retail Sites Grind to Halt
 
I am watching this for sport. The world is changing in many ways that were unpredictable and this phenomenon is one example.

Hordes of day traders leveraging free trading, banding together to be a force.

Itís a sport of amateur gamblers versus the professional financials gurus/sharks. It will be interesting to see how this type of action progresses.

Antonmb 02-01-2021 09:48 PM

Quote:

Originally Posted by crwilli (Post 1031208)
I am watching this for sport. The world is changing in many ways that were unpredictable and this phenomenon is one example.


[emoji106][emoji106][emoji106][emoji106]

antipop 02-03-2021 05:31 AM

Quote:

Originally Posted by crwilli (Post 1031208)
I am watching this for sport. The world is changing in many ways that were unpredictable and this phenomenon is one example.

Hordes of day traders leveraging free trading, banding together to be a force.

Itís a sport of amateur gamblers versus the professional financials gurus/sharks. It will be interesting to see how this type of action progresses.

It's like watching the Titanic sinking. You know it will end badly but you can't stop watching.

W9TR 02-03-2021 09:54 AM

Silver Retail Sites Grind to Halt
 
Itís fun to see hedge fund managers who banked on Game Stopís failure get hammered on the upside and it will be fun to see all the Redditors who bought in get hammered on the downside. Thatís a win-win for me.

cleeds 02-03-2021 12:24 PM

Quote:

Originally Posted by W9TR (Post 1031326)
Itís fun to see hedge fund managers who banked on Game Stopís failure get hammered on the upside and it will be fun to see all the Redditors who bought in get hammered on the downside ...

My sentiment exactly. And they'll get exactly what they deserve.

PHC1 02-03-2021 12:27 PM

https://seekingalpha.com/article/440...-reits-benefit

PHC1 02-08-2021 02:07 PM

Goldman Sachs strategists said retail investors would not be able to force a short squeeze in silver. Goldman global commodities head Jeff Currie and other strategists said a short squeeze would be 'unattainable' and that regulations have made it nearly impossible for someone to corner the market. They noted that during the infamous squeeze in 1980, the Hunt brothers were able to acquire a third of the world's supply, driving the price up by 713% in three weeks.


In other news:


Everyone interested in precious metals and coins knows the American Silver Eagle is the most universally desirable and sought after silver coin... :yes: There is a new series to look forward to in Platinum however



"From a line of precious metal coins dating back to 1997, the United States Mint introduced a new themed-series with today’s release of the 2021-W First Amendment to the United States Constitution Platinum Proof Coin — Freedom of Religion." Like previous strikes from the program of proof American Platinum Eagles, each 1-ounce coin is 99.95% platinum with a $100 face value.

The new product is the first in a five-year series continuing through 2025 with obverse (heads side) designs reflecting the five freedoms in the First Amendment to the United States Constitution — Freedom of Religion, Freedom of Speech, Freedom of the Press, Freedom to Peaceably Assemble, and Freedom to Petition the Government for a Redress of Grievances.

https://www.coinnews.net/wp-content/...le-680x451.jpg

PHC1 02-08-2021 02:16 PM

The American Silver Eagle is the official silver bullion coin of the United States.

It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce (Avoirdupois) size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver. It is authorized by Title II of Public Law 99-61 (Liberty Coin Act, approved July 9, 1985) and codified as 31 U.S.C. ß 5112(e)-(h). Its content, weight, and purity are certified by the United States Mint. In addition to the bullion version, the United States Mint has produced a proof version and an uncirculated version for coin collectors. The Silver Eagle has been produced at three mints: the Philadelphia Mint, the San Francisco Mint, and the West Point Mint. The American Silver Eagle bullion coin may be used to fund Individual Retirement Account investments.






https://www.govmint.com/media/catalo...4/343274_1.jpg

PHC1 02-08-2021 02:18 PM

The Walking Liberty half dollar is a silver 50-cent piece or half dollar coin that was issued by the United States Mint from 1916 to 1947; it was designed by Adolph A. Weinman, a well-known sculptor and engraver.

In 1915, the new Mint Director, Robert W. Woolley, came to believe that he was not only allowed but required by law to replace coin designs that had been in use for 25 years. He therefore began the process of replacing the Barber coinage: dimes, quarters, and half dollars, all bearing similar designs by long-time Mint Engraver Charles E. Barber, and first struck in 1892. Woolley had the Commission of Fine Arts conduct a competition, as a result of which Weinman was selected to design the dime and half dollar.

Weinman's design of Liberty striding towards the Sun for the half dollar proved difficult to perfect, and Treasury Secretary William G. McAdoo, whose department included the Mint, considered having Barber create his own design. Mint officials were successful in getting Weinman's design into production, although it never struck very well, which may have been a factor in its replacement by the Franklin half dollar beginning in 1948. Nevertheless, art historian Cornelius Vermeule considered the piece to be among the most beautiful US coins. Since 1986, a modification of Weinman's obverse design has been used for the American Silver Eagle, and the half dollar was issued in gold for its centennial in 2016.





https://www.govmint.com/media/catalo...5/352128_1.jpg

PHC1 02-08-2021 02:33 PM

The Morgan dollar was a United States dollar coin minted from 1878 to 1904, in 1921, and in 2021. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar. The coin is named after its designer, United States Mint Assistant Engraver George T. Morgan. The obverse depicts a profile portrait representing Liberty, modeled by Anna Willess Williams, while the reverse depicts an eagle with wings outstretched. The mint mark, if present, appears on the reverse above the "o" in "Dollar".

The dollar was authorized by the Bland–Allison Act. Following the passage of the 1873 act, mining interests lobbied to restore free silver, which would require the Mint to accept all silver presented to it and return it, struck into coin. Instead, the Bland–Allison Act was passed, which required the Treasury to purchase between two and four million dollars' worth of silver at market value to be coined into dollars each month. In 1890, the Bland–Allison Act was repealed by the Sherman Silver Purchase Act, which required the Treasury to purchase 4,500,000 troy ounces (140,000 kg) of silver each month, but only required further silver dollar production for one year. This act, once again, was repealed in 1893.

In 1898, Congress approved a bill that required all remaining bullion purchased under the Sherman Silver Purchase Act to be coined into silver dollars. When those silver reserves were depleted in 1904, the Mint ceased to strike the Morgan dollar. The Pittman Act, passed in 1918, authorized the melting and recoining of millions of silver dollars. Pursuant to the act, Morgan dollars resumed mintage for one year in 1921. The design was replaced by the Peace dollar later the same year.

In the early 1960s, a large quantity of uncirculated Morgan dollars in their original bags were discovered in the Treasury vaults, including issues once thought rare. Individuals began purchasing large quantities of the pieces at face value and then removed them from circulation through hoarding, and eventually the Treasury ceased exchanging silver certificates for silver coin. Beginning in the 1970s, the Treasury conducted a sale of silver dollars minted at the Carson City Mint through the General Services Administration. In 2006, Morgan's reverse design was used on a silver dollar issued to commemorate the old San Francisco Mint building.



https://www.govmint.com/media/catalo...2/222047_1.jpg

PHC1 02-08-2021 02:35 PM

U.S. Mint to Produce 2021 Morgan and Peace Centennial Silver Dollars

https://www.coinnews.net/2021/01/15/...eace%20dollars


https://www.coinnews.net/wp-content/...er-Dollars.jpg


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