when you look for what an ounce of silver will actually cost you on the internet, looking at 1 ounce Silver Eagles (SE) from the US Treasury, the cheapest will cost you around $24, a 40% premium over todays spot price of $17.15. Some SEs go for well over $30; the 1996 SE goes for over $88.
Looking at SEs at the site below, most of the years, including the $88 1996s are out of stock, which tells me there is no market in silver eagles as NO ONE is willing to sell their eagles at the prices offered.
How high must silver prices rise before current owners of silver eagles are willing to trade them for dollars the FOMC is currently trashing? Obviously much more than just $24! So, what does that make silvers spot weekly closing of $17.15? No less a fiction than seeing the Dow Jones close the week at 24,465.
www.jmbullion.com/silver/silver-coins/...es/uncirculated-ase/
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