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Showing posts from March, 2021

Should Millennials Care About Gold & Silver?

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The general consensus I have seen following the gold and silver markets is that historically these markets have appealed mostly to the Boomer generation and most people under 50 (or for sure under 40) did not really care about gold and silver too much. That seems logical. Most people under 50 have never lived under a monetary system based on gold or silver. They may know that some old US coins ( pre 1965 ) were made with silver, but it is likely they have never gotten one in change in their entire lives. The rise of technology over the last 30-40 years means that most under 50 know a lot more about cell phones, tablets, and perhaps Bitcoin than they do about gold and silver. They have lived a lifetime so far without that mattering too much. It just seemed like gold and silver are something the old folks may care about, but why would anyone under 50? It's been a fair question for the younger crowd to ask. In this post I will offer three reasons why they should care and (in some case

Wall Street Silver Founder Discusses Group's Mission & Goals (Q&A Interview)

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                                                            Ivan on Kitco News (Youtube image) The Wall Street Silver subgroup on Reddit burst on the scene in late January 2021. Wallstreetbets on Reddit had made media headlines with its short squeeze play on Gamestop. Seemingly, out of that effort emerged the idea that the silver market was also set up for a potential short squeeze. Ivan Bayouhki, a member of the Wallstreetbets group, emerged as a leader for the new r/Wallstreetsilver sub group on Reddit. Ivan kindly agreed to take time to do a Q&A style interview to discuss the mission and goals for Wall Street Silver over the long term. While the Wallstreetbets group tends to focus on shorter term investment goals related to specific stocks like Gamestop, Ivan sees Wall Street Silver as a potential long term movement for him now. Below are his thoughts on how he sees the future of silver and the role Wall Street Silver can play in raising awareness for silver as an investment. Q

What are "Emergency" Silver Eagles?

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If you have started looking around for 2021 silver eagles, you may have seen "emergency" silver eagles advertised for sale. The obvious question that may arise is - What in the world is an "emergency" silver eagle? Other questions would likely follow such as - What makes them different from regular silver eagles? Also - Do I want an emergency silver eagle? In this article, we will explore the world of "emergency" silver eagles. The first thing to understand is that emergency silver eagles are exactly the same coin as the standard regular bullion silver eagle produced by the US Mint at its West Point facility each year. There is no visible difference between the regular bullion coins and the emergency coins. The coins you may see marketed as emergency silver eagles were just minted at other facilities than the West Point Mint facility. In most years, all bullion silver eagles are made at the West Point facility. In some years, when there is more demand for

How Do We Define Silver Demand?

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What is real Silver Demand? If you are just now starting to look into precious metals and silver in particular, one of the first things you will want to know about is the demand for silver. As with anything, we all know that when the demand for any given item exceeds its available supply, it puts upward pressure on the price. But long time silver observers have been frustrated time and time again as it sometimes seems like silver is the biggest exception to this fundamental economic principle. The last few weeks are just another example. Reports come in from seemingly everywhere that demand for silver is through the roof. Dealers report difficulty maintaining inventory to sell. People on the Reddit Wall Street Silver forum daily report huge silver buying complete with photos and videos to document the purchases. All this and yet the silver price reported daily has not moved significantly higher after one short term pop up in February. What causes this phenomenon? I think the key is

So How Much Silver Does the World Have?

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For anyone new to the silver market, it may seem that an obvious question to ask is - How Much Silver Does the World Have? It is a good question, and actually you don't see it discussed very much, even though it is clearly an important piece of information to know if you are thinking of investing in silver. The answer is a bit complicated, but it is possible to get some idea. Let's use the USGS (US Geological Survey) as our information source for this topic. While all estimates are subject to revision over time as more information is obtained, we have to start somewhere. The USGS data on world silver reserves is as good a source as any. It's their job to try and estimate how much silver the world has and they update it every year. Here is a link to the 2020 report on silver (for 2019) and here is the link to the latest 2021 report , just released in January 2021. You can access both reports to compare and see how the estimate changed from 2020 to 2021 (note: they revised