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I guess the idea is that because inflation is 2% this is more or less how much gold will appreciate in terms of dollars, which is double than the yield of a 10year note.

Just a matter of personal opinions. For this guy silver is currently overvalued while gold is undervalued. https://monetary-metals.com/and-then-there-was-none-backwardation-18-oct-2015/

Actually so far Leon got many calls right and anybody should give him that. The fact that he has zero trades is completely irrelevant. My only objection is that what he calls "smackdown" might be relevant in paper trading but it is completely irrelevant for long term physical holders. And he...

A thimble?

Maples are the only ones with a nominal value potentially higher than recycled silver production cost per ounce. Every other nominal value is worthless and should not command a premium over generic rounds.

Hey, you just asked about the exchange rate... Were you expecting to find a "Tokelau NZD" in xe? If that's the case, I should be able to find an "Austria EUR". I wonder what happens if I try to exchange a silver philharmonic for nominal value in France..... Guess what? They will give me the...

As far as I know NZ mint doesn't make anymore Fiji Taku turtles, they are now called the Niue Hawksbill Turtle. I've seen only the 1oz and 5oz at the mint, I didn't even know they were making a 2oz... maybe they are only for international markets? Anyway, they are the local low-cost bullion...

Silver shortage! :D :D :D

Silly boy, for the exchange rate just look up NZD/USD. You won't be able to exchange them in any place other than Tokelau, but let me know which kind of coins (not bills) you can exchange outside their home country.

It depends on the reason people bought silver. What happens if the price of silver go higher? Will the same people who bought this year flood the market to take profits or will they hold? And how big will they be compared to industrial demand?

Sure the FED can definitely try to take again the interest rate to 20%... Popcorn is ready, I really want to see this. But it won't be done under Yellen, she got a stroke just with the simple idea of a 0.25% increase.

Good call once again. Very entertaining. But, really, you call this a smackdown?!?!

FOFOA: "of course gold is NOT money! The true and pure concept of money is basically credit. More specifically, it is the recording of current balances of credit"

I do, but I'm not sure that trading on gold futures is based on the fundamentals of gold. Most likely it's based on technical analysis.

I always asked myself if Tokelau and Niue coins can be used as legal tender in NZ. Anyway, yes. NZ mint, for instance, is completely private and cannot produce NZ legal tender coins so they make commercial agreements with the small islands. I guess that the islands maintain a seigniorage right...

Yes, that's fiat money! Magic money. Edit: I'm not endorsing MMT as a whole here. Only when they say that taxes drive money. Other things like: government deficit = net private savings.... Not so much convinced.

He is pissed off by some die fatigue and alleged milk spotting on lunars.

Don't swap dealers usually take the other side of large spec? If so, what extra info looking at swaps brings?

Ops! I thought the PM was government owned...

That's an interesting question. You are talking about government mints, I guess? Here there is an article about the top governments mints with few comments about them: https://www.buysilver.org/government-mints/ Some of them were extremely important in the past, and some still are today. I...