Economic Abnormalities
By Erik Wallbank
It wouldn’t be much of a reach to say the entire economy is an abnormality. Bill Holter reminds us that it can be seen in a pre-65, 90% silver dime. When the premiums for Silver Eagles had gotten absurd (probably because the mint wasn’t making them), the premiums on dimes was up around $13. Now, when you go to sell dimes (junk silver), you might get $4 under spot for your trouble. What’s behind this huge shift in price?
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