12-23-2025, 10:51 PM
Has anyone been watching the price of silver lately? It has gone way up and is now at seventy two bucks an ounce.
That makes me think the economy may soon take a tumble. Silver is up more than gold went up over the year now. It isn't usually a good sign when silver goes up like that. Last time that happened was in the early eighties I think, when the economy started picking up the price dropped again after about a couple of years. A friend of mine sold all of his silver back then when it was high, and was sad when it went up another two bucks before quickly dropping to a sensible point again.
Some older silver dollars...ninety percent ones...are worth about fifty five bucks silver value. Enough to buy three bushels of potatoes right now....or seven whole chickens at Walmart at around eight bucks apiece.
I think that for practical purposes, older silver coins would be better security for buying food from farmers than gold, an ounce of gold is too high, a farmer would not have change for it. If I was a farmer I would not take gold and sell all of my produce to one person who could really profit from it. If the farmer I get my beef from...grassfed organic half heads.. was approached by someone who wanted to buy a half head of beef for a half ounce of gold...they would probably laugh at the person...a half ounce of gold is tiny. I doubt if they would take twenty silver dollars for it either. It is a risk taking precious metals because they drasticaly can go down in value and if you can find a buyer around here, you would only probably get two thirds of the value it is traded at because that person would want to make money at it...at least a third.
I do not know where you could sell gold or silver for the price they quote in the commodity market, surely not around here when the price is so high right now. But I would say that you could get maybe two thirds if the buyer has a quick market for it.
That makes me think the economy may soon take a tumble. Silver is up more than gold went up over the year now. It isn't usually a good sign when silver goes up like that. Last time that happened was in the early eighties I think, when the economy started picking up the price dropped again after about a couple of years. A friend of mine sold all of his silver back then when it was high, and was sad when it went up another two bucks before quickly dropping to a sensible point again.
Some older silver dollars...ninety percent ones...are worth about fifty five bucks silver value. Enough to buy three bushels of potatoes right now....or seven whole chickens at Walmart at around eight bucks apiece.
I think that for practical purposes, older silver coins would be better security for buying food from farmers than gold, an ounce of gold is too high, a farmer would not have change for it. If I was a farmer I would not take gold and sell all of my produce to one person who could really profit from it. If the farmer I get my beef from...grassfed organic half heads.. was approached by someone who wanted to buy a half head of beef for a half ounce of gold...they would probably laugh at the person...a half ounce of gold is tiny. I doubt if they would take twenty silver dollars for it either. It is a risk taking precious metals because they drasticaly can go down in value and if you can find a buyer around here, you would only probably get two thirds of the value it is traded at because that person would want to make money at it...at least a third.
I do not know where you could sell gold or silver for the price they quote in the commodity market, surely not around here when the price is so high right now. But I would say that you could get maybe two thirds if the buyer has a quick market for it.
![[Image: 34b657518b03c5d88d8c0d8fbde1ceb8.png]](https://denyignorance.com/uploader/images/34b657518b03c5d88d8c0d8fbde1ceb8.png)
