The higher the silver price goes, the jumpier I get.
If there's little to no silver in quantity out there, where is the US government going to get the huge amount of silver needed to build the missiles, armaments, and other military hardware necessary for national security, the wars and the defense of US interests? I believe they've used up the billion plus ounces they used to have stockpiled and there's none left.
Tons are needed to build the fighter jets, the bombers, navy ships, drones, helicopters and the Tomahawks. And that's now, not in a couple of years. It's a strategic metal necessary for national security.
I've read some crazy numbers being tossed around about the amount of silver already used in the just the current 3 wars, like 3 tons worth so far just on Libya, including from 40 to over a hundred ounces in each Tomahawk. And they're cranking them out as fast as they can. That silver isn't coming back. Then there's Iraq and Afghanistan and the rest just waiting to blow.
So unless the US govt. has access to their own supply of cheap silver, won't they too have to pay the going rate, jacking the price up even further? How long will they stand for that?