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Even if we can't crash JP Morgan, we all should have some silver on hand anyway. There is no safer and tangible asset than precious metals, nor is there any better hedge against the dollar. This a win-win no matter what, so buy all you can.

Even if we can't crash JP Morgan, we all should have some silver on hand anyway. There is no safer and tangible asset than precious metals, nor is there any better hedge against the dollar. This a win-win no matter what, so buy all you can.

(post is archived)

[–] 0 pt

I bought some silver back the first week of Jan and my dealer said he was hitting bottom and not finding more. Maybe things have changed since then, but apparently there was a lot of buying going on that cleaned out reserves. He mentioned that this buying spree is the worst he'd seen in 40+ years, with only the 2007~8 time even coming close (but no shortages then). Mentioned that back then, physical coins were fetching 40~60% more than commodity pricing (spot).

So, be prepared to not find anything or see prices higher than spot.