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...And Large Silver Contract Follows Suit As Gold Goes Berserk, Hits New All Time High
Fresh all time nominal high in spot gold: $1,427.01
And this is what an EEG of Blythe Masters' worst nightmare looks like:
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Beautiful sight really.
I was going to buy more... but it never dips!
I quit waiting to add..., just hold your nose a hit the BUY!
SLW is the candle which burns so very very brightly. It's already a 10-bagger here (or very nearly).
Looking forward to a few more among the very small silver producers :D
Bloomberg:
Payroll Tax Holiday Discussed in Talks on Bush RatesI bet Obama ripped out his stitches on hearing that.
Why not, we can just print. What's a little moral hazard between fellow Americans? FTW!
We just have to keep flushing until the sewers back up with dollar bills.
As The Jamie Dimon blows a heart valve!
I'm with Unky.
I think Ireland will fail to pass the budget tomorrow and EURUSD will fall off a cliff. But will this plunge PMs under a rush for USD, or will PMs surge under the collapse of fiat?
No. Been in touch with some contacts there and the deal is as good as done. The final two votes required to pass the budget have been bought now, so barring unforseen circumstances it'll pass.
"...so barring unforseen circumstances, it'll pass." That's the funniest thing I've read today. Do you want to try again?
Funny how, Dumbass? You been smoking weed and found yourself laughing uncontrollably at the wallpaper again?
The number of voters required to pass the budget have already declared that they will do so.
Yes, hypothetically, if 2 or more 'Yes' voting members of the Irish parliament get run over by a bus, it may not pass quite so easily.
If the people of Ireland wake up tomorrow and decide that what they really feel like is a good old-fashioned Riot involving setting fire to the parliament building, it may not pass.
If some Irish parliamentarians are visited in the night by the Ghost of taxpayers future, and change their minds about voting for the budget, it may not pass.
Other than this sort of thing, the deal is done. Do you, perchance, not understand how voting works? As a reminder, if you need X votes, and X or >X voters confirm their support, then you're home and dry.
Want to try again?
As someone with a foot in the interior design market (no, not like Harry), I would like to know which wallpaper induces "the hooks" after imbibing a little in order to penetrate the California market.
Judging by some of the commentators on this thread, your target audience spends more time licking the wallpaper than looking at it. I'd suggest therefore, that you focus on finding something with an interesting texture.
but of course Quintus, who lives in his moms basement, is in a position to know exactly whats going on in Ireland. What a douche.......
Listen, dickhead. You don't need to live in Europe and do lots of business with Ireland like I do. Even a troll like you can figure out what's going on in Ireland if you put 5 minutes effort into it - you can simply read the newspapers. You'll be behind the curve of course, but at least it may stop you looking like a fucking idiot in public.
http://www.irishtimes.com/newspaper/breaking/2010/1206/breaking18.html
This paddy pilot reporting from mothership Hibernia via the nearest pub wants to ask the informed and esteemed members of the Zero Hedge community what the fuck is happening in dear old Ireland.
Answers on a postcard addressed to Dork of Cork of no fixed abode somewhere in the Peoples Republic of Cork.
The diluted Irish genes in my body are gettin' a bit crazy at how the big boys are steppin' on Mother Ireland.
But then again, the Irish know what to do to the dick that pisses on them!
Whether they vote for it or not..., really, there will be little difference IMHO. Either way, a lot of money leaving the EURO will find a home in GOLD, as well as the USD. They can a do rise together at times, as today.
Quintus is bang on, the deal ios done, apparently the clincher for the two independents was the reduction of politicians wages and pensions. Didn't say if they were for it or against it but call me a cynic......
There are even a few opposition willing to vote it through if needs must 'in the interest of the country'. They are afraid they will be the laughing stock of Europe, they don't understand that the PEOPLE of europe want us to default. They are only concerned about other politicians and bankers views.
Hopefully there will be a time of rejoicing sometime soon when we hang them from the bridges on the liffy. Fingers crossed.
Hard to think their politicians are any different from ours. The bankers own them all. The only opposition is the pitchfork and torches brigade.
Copy that, good buddy!
my take they are running low on physical...so, got to take it a bit higher to be able to survive another day ...
According to Robert Prechter, gold is going back to 600. Well I never.....
He was saying 300 a couple of years ago. Did he change his mind?
Prechter is optimistic since his outlook has doubled!
thats an improvement...some double down and at least he is cutting some of his losses...not bad
600 what? Firkins of beer?
You can eat silver!
Unfortunately, you'll have to live the rest of your life as a smurf. Unless you are in to that sort of thing. Save on next years holloween costume.
I have a friend who loves colloidal silver. He has been taking it for years. He took so much his skin started to turn grayish blue. If you get him in the right light he looks like a zombie.
I have a friend, whose UTI had been with him for ages, who started up a small regimen, and where pharma end-of-the line antibiotics hadn't done diddly, cleared up within 2 weeks.
I decided to switch sides, am pro-gold now, hey no sense hanging out with a bunch of losers like Blythe and Jamie, now that they're getting ready to trade their Hamptons mansion for Sing Sing. Gold to da mmooooooooooonnnnn!!!!!!!!!!!
If your tits were real they would be flopping out of their holster ...
^^^^^^:)
Phatty! You're funny!
Great idea, I wonder if Dimon wants to trade his Hamptons cottage for my silver.
I wonder how much more invisible silver JPM will have to come up with to put a stop to the coming COMEX crunch?
ha ha ha ha ha haaaa!
BAAAAAAha ha ha ha haaaaaaaa...etc..
Time for Henry Paulson to run into Congress with a Post-It note and demand absolute power!
Actually the same thing Im thinking...they can not allow this to happen. Ballistic PM's is worse than the Death Star explosion for The Bernank and The Jamie Dimon JP Morgue silver manipulation scam and its worth trillions in damages.
Would have been one of the great moments in the US History if they'd clapped that arrogant prick in leg irons and shuffled him out of the chamber. I can dream.
So what kind of silver are yall holding?
Mine is that shiny kind.
Physical in my safe.
1oz Canadian Maples
pre-1964 Dollars, half dollars and dimes
10oz bars
and some ASEs and fancy rounds for gifts and conversation pieces.
plz provide GPS coordinates of your house and the location of your safe.
Who's holding? How about buried in 4" PVC, not on my property, mainly 50/50 mix numismatic (hedge)/junk merc dimes, walking liberty halfs, Morgan/peace dollars and ASEs. Some 10oz bars for fun and to purchase arable land.
you'd better send me the coordinates for safekeeping.
BTW, a few 10oz bars aren't going to get much arable land...lol
fork lift
and pallets
type
Well, how will you be using it and in what quantity do you want to hold it?
Bars/Bullion more for the dollar, More in less space. but the recognition value is lower to certain people(on the street).
Coins Silver eagles, Maple leafs.... Higher Recognition value. The average person would feel more comfortable with it's genuineness.
What? Who, me? I don't gots no barbaric relics! They sank to the bottom of a lake in my fishing boat! Excuse me, there's a knock at the door...
We've reached a point now that the collective forces have figured that the jig is up. All counter attacks by the JPM will be met with even harder counter resistance. The hunter has become the hunted.
Besides the Buyer of Size(s), I think we are getting to the point where the other sharks smell blood, and turn on their own. Lehman anyone?
Hi Ho Silver and away!! Yea.
Somebody short has knotted knicker nuts.
You know theyve got to be seething at Max, Exomatrix, Downfall....Zerohedge smartasses...all of it has to have them furious as hell.
Buy on the F...ing dip...lol
watch this shit carefully
New law lets Treasury diminish gold, silver coin production
Submitted by cpowell on Mon, 2010-12-06 20:25. Section: Daily Dispatches
3:23p ET Monday, December 6, 2010
Dear Friend of GATA and Gold (and Silver):
Mike Zielinski of the Gold and Silver Blog has uncovered another telling sign of the increasing desperation of the U.S. government's campaign to suppress gold and silver prices.
Zielinski reports that new legislation passed by the House and Senate -- H.R. 6162, the Coin Modernization, Oversight, and Continuity Act of 2010 -- which awaits action by President Obama, diminishes the obligation of the Treasury Department to make gold and silver coins available to the public.
Current law requires the department to mint gold and silver coins "in quantities sufficient to meet public demand."
The new law would require the department to mint gold and silver coins "in quantities and qualities that the secretary determines are sufficient to meet public demand."
Not that the Treasury Department lately has been observing the law, what with the U.S. Mint's frequent suspension of gold and silver products. But now apparently the government recognizes a likely difference between what actually will meet public demand and what the treasury secretary will determine meets public demand. This may reduce the government's own gold and silver purchases and thus reduce metal demand generally.
Zielinski's report is headlined "How Much Gold and Silver Will the Treasury Secretary Determine is Sufficient to Meet Public Demand?" and you can find it at the Gold and Silver Blog here:
http://goldandsilverblog.com/gold-and-silver-treasury-secretary-public-d...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
merde alors !
Interesting post! Thanks for the heads up.
I don't like the inclusion of the "quality" word there, that's new. Seems like they might produce sub-999 products. Wasn't that one of the hallmarks of a failed empire, when they dillute the PMs in coins?
Absolutely excellent point. Less and less silver in the Roman denarius over time. How about Eagles with a copper or nickel center? Or go to .99 pure instead of .999. Maybe it's time to look at maple leafs.
Coin Modernization, Oversight, and Continuity Act of 2010 - Requires the Secretary of the Treasury to report biennially to specified congressional committees on production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins. Requires detailed recommendations in such reports for: (1) changes to the metallic content of circulating coins; (2) changes in coin production methodology that would further reduce the costs of production; and (3) legislative changes necessary to achieve such goals
http://www.govtrack.us/congress/bill.xpd?bill=h111-6162&tab=summary
Bingo! Also, the mint's supply is suppose to be sufficient to meet demand. Just because the mint stops buying, does not mean the end user demand falls. Demand will be met by some party, or prices will adjust. Should they continue to produce .999's perhaps .999 Eagles will command a higher premium if there are fewer, or if the newer version has lower pm content?
Darn it, back to India then, to load up on "jewelry"!
It will dip back below $30. I don't know how far, but it should be interesting.
it's impossible to trade it. could be tonight or could be tomorrow or the day after. seems the only sure strategy is to keep holding
Correct. The flash dash will insure the onset of "Blythe-Like" algorhythmic selling as upside indicators having been taken to
+100% .
dip tomorrow you think?
depends on impact of proposed bank run in Europe on the Euro dollar. If Euro tanks, silver will drop back for sure.
Would bank run(s) move the Euro up, or down?
OT: Top in on the market? US Treasury to Publicly Offer 2.4 Billion Citi Shares
http://www.cnbc.com/id/40536712
$2.4 billion doesnt even make for a weekend in the Hamptons for these guys now.
where is robotrader when you need to piss on him?
He saw that equities closed with the PM close and decided to go apply some Unguentine to his ass.
http://www.cnbc.com/id/40534220
hahaha
what a douchebag MSM shill
John Carney is a toadie... always has been.
.
it's madness, no opportunity to buy more, EE is failing to meet my expectations
why can't they just prohibit rising prices just to let us accumulate more :-(
It's just about time to accept that $30 is the new low. I'm pretty happy (so far) I decided to buy at 28.5 late last week instead of waiting for another dip, thinking this week was going to see resistance levels move up. Tomorrow will be interesting.
Yup, 5000 was the new low on the NASDAQ.
Human nature never changes.
Thanx Max and Tyler for a job well done. Pretty sad the blogoshere has to take these matters into its own hands to get real results. Slowly but surely the grip is loosening and the open empty hand will be revealed.
Quick question,
It's my first purchase of the silver and may be some1 can explain,
does it matter what silver buluion should i get or they all the same?
i got Silver - Bullion .999 pure - Heraeus Bar (10.000 oz.) 316.75 from builliondirect
Doesn't matter what physical form your silver takes. Heraeus bars are easily recognised, so that is an advantage.
I'd buy government coins. In 2004, that is.
Advice:
Buy platinum.
Good call, CJ. :)
Unfortunatly, I'd estimate Pt Au parity @ 17 or 18 hundred FRNs (at which point Pt will be oddly unavailable).
My last bad call was that Au would linger around $1000 while India exhausted its scrap. That was only days before India paid $1080 for 200 tons of IMF Au.
CHUMBAWUMBA bitchez!
Any silver you buy should be marked .999 silver. If not, there should be a discount. Heraeus bars are investment quality and you should try to get ones with serial numbers if possible. These can be placed in an IRA, but I personally recommend having possession- custodians can be iffy if the SHTF.
Remember, 1 oz= 31.14 grams and 12 oz =1 pound. It uses a troy weight system.
It's all over! CNBS is spending more than 5 minutes on silver...with gold sprinkled in. They even brought up copper, big banks and short squeezes.
No, it may run quickly to $50. Small buyers of coins are simply going to end up with a coin collection, which really isn't such a bad thing.
I think the top of my truck will be covered in pigshit soon.
CNBC actually covered precious metals?? WTF?
there's nothing quite like watching the beast die in slow motion.
Meanwhile, fuckwad CNBC shills are right on cue with the latest anti-silver propaganda:
Silver: Should You Help Inflate The Next Big Bubble?
http://www.cnbc.com/id/40534220
What do you think it means when the assholes on CNBC are predicting a bubble in silver?
About to run higher
Oh God! I saw that and I was laughing my ass off the whole time I was reading it.
What a complete crock of shit. I bet the asshole who wrote that piece doesn't even believe a word of it.
I haven't seen such loaded prejoritive "journalism" in a long time.
I'm gonna have to buy a few more oz's just to stick it to 'em that much harder...
Evidently, you do not read the daily anti-gold screeds written by the diehard establishment defender Jon Nadler on Kitco.com. A more vile, disingenuous, dissembling bastard patently in the pocket of the powers-that-be would be hard to find.
Don't be to proud of this the technical resistance broken here. Karma may be out to punish the hubris of TPTB, but it has time to swat at any growing in its path..
+1 Well and thoughtfully said.
We agree that CNBC is for shill Fwads...however, the selling to come in silver will come as a result of that flash move at the end of the day.
OT:
Check that Citi print...3.9 million shares at...wait for it....$42.43 per share!
Sweet.
all this could have something to do with the bank run tomorrow!
YEAH< > might be time to cum†
we are here, now...on the verge of watching history being made...by the time its done, all the BS is exposed and the powers to be fall its going to be gold 5K and silver $300 ! Thats priced of course in the new coming IMF gold/commodity backed currency!!
Huge profit taking tomorrow IMHO.
Don't trade my precious for the noise.
No shit... Apmex just sent me a nice x-mas gift!! ... includes card, and a holiday gift container full of 3 kinds of popcorn, and a super secret promo code for $5 off of some bullion... bitchez. No eagles inside, but its the thought that counts.
Just in time for the fireworks.
same here and a fuckload more than either bank I use did for me, and they took more of my money this year than Apmex did.
Yeah right, the bank? ...a lollipop maybe... But it never comes UPS and I have to go there to get it.
Same margin call different day
long
3 legged goats...
silver too
I dont understand why some bearish
commentators look at gold and equity
moves differently, as if they see
something very insightful: i.e. When gold moves higher, I told you
so, things are going bad
When Stocks go higher , things are very
bad, but markets are manipulated,
powers that be dont let the SPY fall
below, 1000, 1050, 1130, 1175 etc:
Why cant you look at this way it is the
same thing ! They are both denominated
in USD, USD is being devalued, that is
all that is going on. The same laws of
supply and demand of money, for USD,
EUR makes the price of both stocks and PM move, in general, apart from short
squezes, real commodity demand,
volatility.
I cant post here but Look at your charts: When QE1 was
announced at March 2009, SPX was
around 800, now it its around 1200, 50%
gain. At same time Gold was around 900s now
its around 1400s, about 50% gain.
Silver you ask: That is the Emerging
Market of PMs, It was 13 now 29.
Bovespa, Sensex, Russia,Indonesia
almost have the same % change, most gained a lot from lical currency appreciation from march 09. Look at
it yourselves.. I find it hillarious, when people here
congragulate themselves to be out of the
equity market, and buy these assets, just
by looking at short time periods when
SPX fell from 1130 to 1050, but dont
look at the big picture. Maybe its because many bought Us stocks in mid 2000s when sp was higher than now, but many emerging markets tripled , quidripled, paid dividends too. And many don't consider how much they enrich the coin
dealers with the high amounts of
commission they pay, and will pay. Of
course I have nothing to say for the
collecting angle of this..
Except silver and gold have no counterparty risk. Equities? Not so much.
PHYSICAL gold and silver have no counterparty risk. But that's not most f the trade now, is it? Especially with artificially cheap credit.
Looks like you don't understand how to format comments here, either.
It's sadly telling that you have to pick up the chart history in March '09. Is that when you were born?
The "naysayers" have been saying this is "a bubble" since gold was below $100...and they have been WRONG every step of the way. They said it was a bubble in 2006 when it was in the 600's...
GUESS WHAT...
They are really WRONG this time...
yawn
nap time
wake me when asia opens
or when silver crosses 32.50 $
3 legged goat
ate my apmex popcorn...
The whole can already? It says "No peeking"!
Watch the video and exlcusive interview of Infamous Washington Crook Ben Bernanke "Rare CBS Interview!! Ben Bernanke 100% Certain of Economic Recovery – Just like in 2007” at (http://www.youtube.com/watch?v=jtl_jHhNXWo).
by Anonymous
And that is a? spot on answer. Bendover and grab your ankles America.
There is just one question to ask: are they debasing the currency? This is all you have to know. As long as the monetarists are in charge, you must protect yourself from anything dependent on fiat retaining value. The dollar, euro, yen and renimbi are toast. It is that simple. Equities and bonds are toast because you have to cash out in currency. Gold is becoming currency and silver will as well.
The FED has brought this on themselves. People will pay bank/tax debts in currency and save wealth in real assets. The standard of living will change, but not necessarily fall.
If they can manage to make a 20-30 pa inflation for a few years, every problem -regarding debt- will be solved. Think about it, your that kind of inflation will reduce real debt by half in 2 years, trigger wage inflation, asset inflation in prices of stocks, commodities including PM is already here-and also consider who is the biggest producer, even exporter in major soft commodities, cereals? USA.- That rate of inflation will even psh house prices up.
But more importantly it will inflate away the debt, the root of US' current problems, on a household level, state level, federal level.
And who is US most indebted too? Ultimately Asian banks, China most of all, petrostates with huge USD reserves and holders of US bills. Their receivales will be inflated away. They know this, and they know they will have ti eat this. They are crying foul, some of them, but they dont have choice. This is not new, it happened in 1974, until when 1USD, was 4 German Marks (about 2 Euros), against Germany, in 1985 with Plaza accord against mostly Japan.
It had to be done against China during 2000s, but China didnt accept this, and it is not an ally of US, like Japan, germany, that US could force it. Now it is gonna be done.
There wont be much inflation in US IMO, not in managed CPI numbers, and interest rates will be kept low with that, that is how the debt will be eaten. Only when inflation becomes high enough, Bernanke co. will be discredited, removed. Someone like Volker will be put in place, probably in a Republican admin. Interest rates will be increased, and ANY increase from 0 will crash the then much highly elevated PM and equity prices.
In all this, savers in USD, and wage earners, those who dont have debt and cant borrow will be screwed. So yes investing in PM is the right thing now. But I believe it should not be religion. Some people who bought gold in 1980s at around 1000 then much higher valued dollars thought they did the best thing, some had bought it for years, in maybe 20% of that price, and were congragulating themselves all along, I am sure. Remember that..
What you're talking about is hyper-inflation. This is a systemic loss of faith in a currency. By definition, they are short term actions. You can have the type of inflation we are experiencing now, with the attempt to disguise it by debasing all currencies, but it doesn't work. People figure it out and move into assets that protect them.
In the late seventies, there was a crisis in currency and it sent gold and silver to new heights. Volker was able to curb this and create confidence in the dollar by raising the interest rate dramatically so that money moved back into dollars. The Bernanke does not have that option as one, the rates would make the debt payments to high and two, the US was a net exporter and not a debtor nation.
The debt is worldwide, as all banks have compromised themselves with derivative exposure and are incapable of writing it down to real value. There is no place to dump the debt. Therefore, the only option is systemic default. With a systemic default, the only option will be gold and and other pm's for the reserve of a new currency.
The bankers will pay this out as long as possible, which will be a long time. Still, the price of gold and silver will continue to reflect the continued debasement of the currency.
I agreed with everything you said but the time frame is unknown. All we need is a trigger event....an Irish default something like that.
Some people who bought gold in 1980s...
True enough. BUT, BUT this is NOT 1980. And The 80's and 90's are NOT what is ahead of us.
What ahead of us is truely uncharted waters my friend. You may think it is just a normal storm, others have the feeling that it is a maelstrom.
We feel that this is NOT a period where charts and "Previous Cycles" will guide thru the next 10-20 years.
THIS period is the shifting of an entire ERA.
You either feel that in your bones or you don't.
So, You make your bets on history, Others will make their bets according to their intuitions and heart.
Fare thee well to you in that endeavor.
Just remember these two facts:
#1: Every single fiat currency in the history of mankind has become worthless.
#2: This is the first time in history where every currency on earth is fiat.
If you can't figure out where that is headed... you are gonna become a very unhappy camper.
You cant,really debase a currency thats already base apart from plate steal (sorry should have read Steel,but maybe Steal is more appropriate) or issue plastic or aluminium coins or even cardboard,maybe thats next as fiat won,t be able to purchase non ferrous metals.Novel eh,the cardboard $.
If gold matched silver the last two months it'd be around $1,800
Woot! Buy Silver.. Sink JPM.
That's what we call a non-confirmation. But that's not very PC to say here, just now.
Just added 2 Gold Eagles, 50 Silver Maple Leafs
My APMEX giant tin of popcorn arrived today --- evidently buy a few dozen pounds of silver gets you free popcorn :)
Yup, because us precious metal owners are gonna sit back and enjoy the show (the collapse of fiat world).
It's getting harder and harder to suppress gold and silver. People are figuring out that it has a store of wealth and are buying and/or getting their stored assets out of the ETF hands.
So, let's see here. I should trade my worthless paper currency for metals that are supposed to represent labor-value, so that I can one day trade my metals for paper currency once again. I do all of this so I can live in this society of people who pretend that all of this makes sense.
Hmmmmm....no thank you. You can keep your paper money and your metals and your absurd lives.
So, let yourself die then, if that is your choice.
Those of us who chose to live will do otherwise, and those who wish to preserve their hard-earned savings, and not freely hand them over to the government and the oligarchy via currency debasement, will continue to hold precious metals and other REAL assets.
thats it. put your head in the sand, pious asshole.
you just could not wait to jump in here and sacrifice everyone, could you?
around here we call that "sour grapes".
oh, well, as long as you FEEL better.
anyway, you'll get yours, fuckwit.
good luck out there. you're going to need it.
I tried to stab the beast by buying silver, but Hong Kong banks, where you can usually buy physical silver over the counter, are quoting prices but are out of stock. Picture cobwebs and dust. That's OK, the powder is dry for the next delivery date. It's not like the problem is going away...
Here is a good article by James Turk that I found on Harvey Organ's Blog about Gold and Silver in backwardation.
http://www.fgmr.com/scramble-for-physical-metal-intensifies.html
"December 4, 2010 – The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute, all of which come with counterparty risk. This conclusion is apparent from the following two charts of gold and silver forwards, which are based on data made available by the London Bullion Market Association through November 24th (the most recent data available)."
I'm still learning but I bought my 1st 10 oz. bar of silver at $11. 00 per oz. I bought $100.00 of silver almost every month since that time.
I haveI food, water, fuel, guns and ammo so I don't have to eat silver. I'd like to see the price drop just so I can get some more but if it is a rocket I'll go along for the ride.
That is very interesting, is it not?
Everyone I know who owns gold and silver wants the price to come down, including me. Can anyone name investors in any other asset with that attitude?
I guess that because we know where it's going. Outer space!
For all you folks that didn't stockpile food I've got great deal on bread payable insilver/gold. I'm happy to barter. LOL
Sorry, all your bread is stale, and your food is past its expiration date. I'll take my gold and silver to farmers markets and get fresh food. Thanks anyway.
You may not be able to eat silver or gold but sure can trade or barter it.
I sold my gold this evening, and a bit of silver. Made a bit less than 100% profit on the gold, and about 380% on the silver.
I find it telling that the jeweler did not even bother to inspect the coins (dimes); old ones can be so worn that weight is reduced. He didn't care, too much of a hurry to get the stuff.
Sold to a jeweler? I hope you got top dollar, usually a good coin dealer will pay more. I spoke with a local coin dealer who is paying $19.25 times face--$100 silver is worth $1925. Check out APMEX's site or Gainesville. They pay even more. Can you trust them, most people are nervous about shipping PMs. I have never had a trouble with the big coin dealers. They can't afford to not honor their word.
The metals are going higher in due time.