i think the raising of the margin req's was far more important than the silver bullion that was found in the sunken ship silver is a safer store of value than us dollars (for the next 20 years is my horizon) because we print more money every single day and we only find more silver every once in a while. the total "new" silver mined each year adds less than 2% to the total silver supply- that is no where near as aggressively devaluing as the kind of monetary expansion we've witnessed over the last 100 years. also if you divided up all of the silver in the world to all of the people, it'd be less than 7 oz / person.
Alright - I can understand the not-put-money-in-bank thinking (it's silly, but I can see why people would think that). But then you think t-bill might be a good idea?? T-bills are issued by the same entity that guarantees your bank deposit - might be a good idea (only if they don't require to be put somewhere?? you do realize all securities, which tbills are, are in book form, right?) - while deposits are not. That's why I'm calling you an idiot.
Morganist was referring to the silvers found in that ship - on the bottom of the sea... not sure why that would impact the market at all... On your second point - scarcity is not the only (or even the most important) attribute for what makes good 'money'
Learn how to read, Corky. That's exactly what I said at the end of my post. And the FDIC doesn't insure Treasuries, dipshit. Treasuries are underwritten by the future taxing power of the United States Government. Bank deposits are capped by the FDIC. Anything else?