SilverStacker
Big Eyed Bug
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Wow ! $54.05, the $54 level blown thru. Happy Thanksgiving everyone. https://www.bullionbypost.com/silver-price/live-silver-price/
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Yep your right. It pulled back, but who knows what the price will be each time you wake up from a nap ? Well COMEX will be shut down today so we'll see what tomorrow brings. Gold is very high too. I just spent a little over $2 K on a 1/2 commemorative and it was a spot deal and was glad to get it. Monument has 1 oz gold Kruggies on sale for $4,157 and that about the best deal on 1 oz gold I can find."blown through"? Not just yet.
There was a member here earlier in the year who complained he bought something and the.We all a bunch of savvy wealth preservers now.
*a roll of dimes is now considered wealth
100% agree.......maybe why there is some repetitionSounds like an AI text to voice video.
Also people who told pmbug not to take debt to invest in silver...There was a member here earlier in the year who complained he bought something and the.
price went down right after.That was about 8.months ago. He was very upset at the time and today he is a genius.
...i am one of those people... LOL (raising hand) ... still stand by my thoughts at the time (as posted) which was to instead of using credit and using physical to do a short term trade, to buy a 3x long silver etf in a margin accountAlso people who told pmbug not to take debt to invest in silver...
lol.........i think you need a higher multiplier chart .....good pix sir.
Who doesn't just love being well positioned. ......
.View attachment 17601View attachment 17603View attachment 17600
View attachment 17596
Silver broke $56 per ounce! I have not (yet) updated prices of silver coins on the website.
Many are now priced below melt value!
Get them today before I start updating prices.
"Silver broke $56 per ounce! I have not (yet) updated prices of silver coins on the website.
Many are now priced below melt value!
Get them today before I start updating prices."
The importance of nickel for weaponry was recognized in 1890, whenthe U.S. Navy tested a sample of nickel-steel armorplate, a productcontaining between 3 and 4 percent nickel obtained from the French steelconcern, Le Creusot. At trials in September, the nickel-steel plateproved its considerable superiority over ordinary compound armor [madeof layers of wrought iron and steel) in withstanding the impact ofshells. Earlier that year similar tests in Britain produced the sameresults. The world faced a revolution in naval armament.
By the late 1880s metallurgists had demonstrated the attributes of nickelas a steel "toughening" mineral and the production of nickelsteel had become commercially viable. Also, the penetrating power ofshells had reached the point where it threatened the viability ofwarships. The state-of-the-art British battleship Inflexible launched in1879 was outfitted with two feet of compound armorplate backed by 17inches of teak. To remain afloat the aft and fore of the vessel had tobe constructed of cork. However, even that depth of armor provedinadequate against the increasing power of shells, especially with theappearance of forged-steel Holzer projectiles
Fascinating story. Also Nickel had advantages as a coinage metal. Its high melting pointand the wear and tear it imposed on dyes and minting machinery presentedalmost insuperable problems to counterfeiters. Nickel coins were farless subject to abrasion, oxidation, or tarnishing than gold, silver, orcopper coins.
The importance of nickel for weaponry was recognized in 1890, whenthe U.S. Navy tested a sample of nickel-steel armorplate, a productcontaining between 3 and 4 percent nickel obtained from the French steelconcern, Le Creusot. At trials in September, the nickel-steel plateproved its considerable superiority over ordinary compound armor [madeof layers of wrought iron and steel) in withstanding the impact ofshells. Earlier that year similar tests in Britain produced the sameresults. The world faced a revolution in naval armament.
As nickel-steel armorplate was being developed, nickel-steel wasalso being used in manufacturing weapons the plate was designed tocounter. The initial stimulus came with the use of picric acid gunpowderto increase the velocity of projectiles. Picric acid powder had atendency to crack the cast steel barrels of artillery pieces. Theadoption of bronze as an alternative metal provided only a limitedimprovement. After experiments in 1899, the first nickel-steel gunbarrelwas produced at the Krupp works. Thereafter, with improvements, thealloy became standard for the barrels of heavy artillery and naval guns.Each of the Krupp "Big Berthas" of World War I - the42-centimeter howitzers capable of firing a 930-kilogram shell 14kilometers - required 5,000 pounds of nickel to manufacture.
From the mid 1890s, on the basis of experience gained in theproduction of nickel-steel armorplate and gunbarrels, the Krupp workspioneered the use of the alloy in shell casings to increase penetratingpower. At the same time, copper-nickel alloy was adopted for the jacketsof rifle bullets. This alloy kept bullets from being destroyed by therifling of the barrel and enhanced their accuracy over longerdistances.
In the meantime nickel became a vital ingredient in a variety ofarticles with an important military role. Nickel increased the speed oftransmission in telephone and telegraph wires. Nickel prevented theplates of early batteries from disintegrating due to the acid theycontained. It was also used for the positive electrode in the Edisonstorage battery Nickel steel was used to manufacture axles, crankshafts,springs, drive chains, and other vehicle parts where strength,ductability, and durability were needed. It also became a vital elementin radio valves. In the closing stages of World War I, the tank,protected by nickel-steel armorplate, made its appearance on thebattlefields of Flanders.
The arms race between the major powers, which began in the mid1890s and was especially intense in naval shipbuilding, dramaticallyincreased the demand for nickel. In the late 1880s, the world output ofnickel, almost entirely obtained from the French South Pacific colony ofNew Caledonia, stood at about 1,000 tons. The price, following theopening up of the New Caledonian deposits in the mid 1870s, declinedfrom $2.50 a pound in 1876 to $.16 a pound in 1886. The amount of nickelmarketed was sufficient to meet the demand for nickel's three mainuses: "German silver," an alloy of copper, zinc, and nickelused in spoons, forks, and decorative articles; nickel electroplating onhousehold utensils; and for the relatively small amount of nickelcoinage. By 1913, world nickel output had increased to around 40,000tons, the majority of which was used for armaments. Even the UnitedStates, a country that was not a major participant in the arms race andwhere a considerable civilian demand for nickel emerged with the rapidgrowth of the automobile industry, an estimated 50 percent of the metalused between 1903 and 1913 went into armaments. By 1913 the Canadianmines near Sudbury, Ontario, emerged as the world's major supplier,accounting for 60 percent of world output. Most of the remainder camefrom New Caledonia
Nickel was the only vital material whose supply to Germany andJapan could be almost entirely interdicted by an embargo imposed by theWestern powers. It was also the only strategic material for which asubstantial stockpile could be created in the form of coinage.
Apart from the experience of World War I, Japanese and Germaninterest in stockpiling nickel was stimulated in the 1930s by publiccampaigns in North America for an embargo on the export of nickel to"aggressor nations." A private member's bill wasintroduced in the Canadian legislature to prohibit the export of nickelto Japan and Germany. In response to Mussolini's invasion ofAbyssinia in late 1935, Canada imposed an embargo on the shipment ofOntario nickel to Italy as its contribution to sanctions imposed by theLeague of Nations.
There was a member here earlier in the year who complained he bought something and the.
price went down right after.That was about 8.months ago. He was very upset at the time and today he is a genius.
$58.16 but coin shops in my area won't purchase anything (even silver eagles) anywhere near spot.
$58.16 but coin shops in my area won't purchase anything (even silver eagles) anywhere near spot.
.Consider that a blessing.
I smelled it early on. Not that I'm a genius or an expert by any means but the seeds for this explosion have been planted for awhile. Here are some of the data points I use to predict future price increases for this metal.Damn, Silver trading at $61.50 + is a Paradigm Shift
The Market is now Searching for the TRUE Price of Silver
I remember working in those gold mines as a kid.I remember when silver was just a byproduct of mining for gold.
Uphill in the snow!I remember working in those gold mines as a kid.
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