(I’m reposting this decade-old post because after putting in a spike high of $120 per ounce (for now), silver has pulled back to $92 per ounce as I write this. Here’s the thing: I strongly suspect that the same thing would play out today in the two-six if the experiment below were repeated. Most people would refuse to take physical silver at any price, even zero. Total inversion: real money is considered fake, and only fake money is considered real.

Pro tip: flea markets and estate sales are filled with meltable silver trinkets and vessels. –AB ’26

(Originally penned and posted on March 15, ARSH 2016)

Here is a man offering a 100 ounce bar of pure silver to people on the street IN FRONT OF A COIN SHOP for one dollar, then fifty cents, then twenty-five cents per ounce, then for effectively zero (offers to trade for one woman’s sunglasses) … and none of them have the least interest, EVEN AFTER BEING TOLD HOW MUCH IT IS WORTH, AND THAT THE COIN SHOP WOULD PAY THEM AT LEAST $1500 for the 100 ounce bar, cash on the barrelhead.

I highly recommend reading Ezekiel chapter 7 in full, but verse 19, “They shall cast their silver into the streets,” seems to be upon us.