Title : John Dizard has silver sticker shock and sticks the silver stackers
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John Dizard has silver sticker shock and sticks the silver stackers
John Dizard is one of those Doyens Of Finance that they do so well over at jolly old London's FT. Here's his take on silver, which I love.Most non-US metals people think of silver in terms of its utility for tableware, jewellery, or superior electrical conductivity. For a certain kind of American silver is part of an ideology.
It goes along with owning a semi-automatic rifle with lots of spare ammunition. Canned goods. Conspiracy theories. Contempt for urban liberals. They are way past voting Republican. The most committed are “silver stackers” who squirrel away stacks of silver coins to trade for essentials after societal collapse.
Do not argue with these people. Just back off, without making any sudden or threatening movements.
Your true silver believer thinks the GSR should be much, much lower than 96 or 98 to one. And, to be fair to them, Isaac Newton would agree, if he was around today. Newton believed the GSR should be fixed at 16 to 1.
Whole thing here.
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