Banging on silver again...

Life has been life, lots to keep me busy away from the keyboard lately.

Silver tanked over the last several months, spending the last week or so well under $15/oz spot price, and it was possible to find generic pieces in the $16/oz range. I don't know if it'll go lower. Hell, two years ago I'd have bet it wasn't going under $20. I keep buying a little bit where and when I can. Most of my recent purchases have been "junk" US coins, mostly in the form of half-dollars. For some reason 90% quarters just don't interest me. Dimes and halves, please.

As to spot price, though...
One of the sites I read had a comment about "and then it goes to $1000/oz next month!"

This would be a Very Bad Thing. Spot moves around every day. A few percentage points up or down is a normal day. Ten percent is a big day. For silver to go to $1000/oz would be about a 6000% increase. Six thousand percent. For that to happen, the US Dollar would have to be massively devalued, otherwise known as hyperinflation.

The stories of wheelbarrows of cash to buy a loaf of bread, always from falling countries behind the Iron Curtain or third-world dictatorships? Yep. That's what we'd be talking about.

I picked up a Zimbabwean ten-trillion-dollar bill a while back for about US$3. In June of this year, they decided to end that currency, basically a hard-reset of the Zimbabwe currency system. The exchange rate?

Z$35,000,000,000,000,000 to Z'$1.

Thirty-five quadrilliion to one. My Z$10T note is worth about a thirthieth of a new Zimbabwe cent (10/35000ths of a dollar).

Fiat currency ... quite literally, not worth the paper it's printed on.