I have NO idea how high it could go... I agree with this article. It is one of the first things you learn in underground financial research, what has happened to silver in the last 70 years.
You forgot one detail…
The I-1099 requirement to become effective in 2012… How will this affect gold and silver prices when it becomes apparent that sellers of any amount of gold over $600 will have to be reported to the IRS? That form IDs you, the seller and the coin shop, the buyer. You will not be able to sell a SINGLE ounce of gold from 2012 on without being noticed. The reason this form will then be required is to find out who has gold, and not only tax it, but also find out who the major gold holders are so that the IRS can conduct confiscation operations. They know from last time that quite a bit of gold remained in private hands in spite of the threat of punishment. This means, that to avoid this fate in January 2012, gold holders will attempt to sell out of gold into silver only to bid up silver well over $600/oz. When that happens, people will then get out of their larger silver bars into junk silver in order to stay under the radar for silver sales/purchases.
Silver would have to approach:
$840/oz for a silver dollar;
$3361/oz for a silver quarter;
and $8,391/oz for a silver dime for the IRS to take notice of your transaction.
I’ve positioned myself accordingly. Already, two attempts have been made to repeal this provision hidden in the health care bill that passed. FAIL. I’m of the opinion that things are so screwed up that this provision will not get repealed, and a revolution will become required.