Unchained Preppers
Off Topic/ B.S. => General Off Topic => Topic started by: pkveazey on April 14, 2018, 03:22:53 AM
-
Damn!!! I went to buy some Silver bullion today to add to my stack and two guys got there ahead of me and bought the guy out. He said he wouldn't have any more until next week. With all the crap that's going on in the world, I hope it is still at a price I can afford. Is anybody else having trouble finding it at spot price+premium?
-
I established an account with Lear back in 2010. I just email my broker what I want to buy and the purchase goes through like crap through a goose. Based on my past purchases, I am paying 3% above spot. This fee is about average and much better than some that charge as much as 6% over spot.
-
I bought some on Ebay last week. I just look for the best price, which is usually pretty competitive.
-
I bought at $30 spot right before the crash :'(
Just hoping to break even some day.
-
I bought at $30 spot right before the crash :'(
Just hoping to break even some day.
Someday should be pretty soon. So far everybody has their head buried in the sand and they think that ignoring the Chinese, gold and silver backed Yuan will not affect the Dollar. When people start preferring the gold backed currency to the fiat currency, hyperinflation will hit first and then the collapse of the dollar will occur. We'll have to sit on our thumbs for a while but when it happens, an ounce of Silver could be going for any ridiculous number. It could $100 or it could eventually be $10,000. Its anybody's guess. Several States have introduced legislation to allow the use of Gold and Silver as money. This time, they are doing it right. They aren't stamping a value on it. They will use the purity and weight stamps on the metals to determine its value. Some folks think that 100% bartering will work but it won't. I don't think I'm going to be able to go to the Doctor and tell him that as payment I'll come to his house and fix his roof or cut his grass. My Doctor is a bit of a Prepper and he was joking with me about NOT bringing him a chicken for an office visit.
-
I bought some on Ebay last week. I just look for the best price, which is usually pretty competitive.
I've never bought any off Ebay because the experts say most of it on Ebay is fake. Always test it when you get it and make sure you are allowed to return it. The sliding magnet test is a good test but its not fool proof. A warning sign is if its sealed up in a plastic case and not removeable. Its OK in a case if you can pop it open and take it out. Hold the Metal at a 45 degree angle and let a neodimium magnet slide down it. If its slides slowly its a good sign its OK unless the core is Copper. If it slides down quickly as if there is no resistance, then that's not a good sign. Then the obvious one is if the magnet sticks to it like iron, that's definitely a bad sign.
-
I established an account with Lear back in 2010. I just email my broker what I want to buy and the purchase goes through like crap through a goose. Based on my past purchases, I am paying 3% above spot. This fee is about average and much better than some that charge as much as 6% over spot.
Are you buying Paper Silver or Physical Silver? The guy I buy my Physical silver from is pretty trustworthy but he cleans my clock on premiums. He charges $2 an ounce regardless of the spot price. When its cheap I get burned but when its expensive he gets burned.
-
I bought at $30 spot right before the crash :'(
Just hoping to break even some day.
A friend of mine got 200 oz and it worked out to $24/oz. But when it goes neither of us y'all will be unhappy with buying silver.
Nemo
-
Hey guys.
I probably should weigh in here seeing as this is somewhat a field of my expertise.
In 2010 prices of silver were relatively cheap. baught a few kilo's of the stuff @ price of $248.89 per kilo
Today that same kilo would cost me $535.95. More than double what it cost me in beginning of 2010.
Now i know there were some flooding issues in some silver mines which led to an overnight silver price spike later in 2010. attached links.
I suppose it was luck i bought as much as i did when i did.
Question i have is do you guys keep the bullion bars or melt them down to use them?
Because who carries around Bullion bars? :what:
I know some may lock it up, but how will you barter with the metal?
I devised it down to making trade beads of specific weights- scales are not so expensive and if you have a set weight /value it will make trading easier.
This is i suppose a long term investment kind of thing. :coffeeNews:
I am busy with prototypes- they look great and are functional.
Just a thought i suppose.
What are your thoughts on this gents?
https://silverprice.org/silver-price-history.html
Regards
RM
:zombitron:
-
I have mine in Silver Eagles because they will be the most recognized and widest accepted ones around here, I expect.
Bullion to home cast coins or beads would be too easy to fake or forge or whatever you call it to be widely accepted methinks.
Nemo
https://www.apmex.com/category/22100/silver-american-eagle-coins (https://www.apmex.com/category/22100/silver-american-eagle-coins)
-
Remember, when you pay a premium over spot, you will also be SELLING at a premium over spot. When you buy silver eagles, you aren't just paying for the silver, you are paying for the manufacturing process that went into making the coin from a recognized producer.
-
I buy mostly American Silver Eagles on eBay, and mostly from established coin dealers. There are a variety of ways of determining whether a coin is counterfeit or not. One of these days I need to get a fisch for silver coins. I prefer the ASE's because they're less likely to be counterfeit versus silver bullion. We generally don't buy mch gold, mostly because of counterfeiting concerns. However, there's nothing like picking up and hefting 4-5 ounces of gold and realizing how much it's worth in U.S. dollars...
-
Educational.
I love this blog site I learn something new every time i enter a conversation here.
Silver eagles. Never seen them before. Would you mind sending pics or attaching links to some samples?
Here is SA our widely recognized means of trade after SHTF would be bottle caps-just kidding. Kruger rands.
Mostly they are bought in Gold but i tend to lean towards the silver as well.
There are relatively good ways of testing metal qualities.
I will check if i can find the relevant links to the products you can buy to test if your metals are indeed silver/gold.
If i haven't come back in a day or two to post update just send a message to remind me.
Things are relatively pear shaped around my valley lately.
Regards
RM
:zombitron:
-
Here (http://www.coinpage.com/silver%20eagle-pictures.html) is a site with some pics RM. ;)
-
The American Silver Eagle is the official silver bullion coin of the United States. It was first released by the United States Mint on November 24, 1986. It is struck only in the one-troy ounce size, which has a nominal face value of one dollar and is guaranteed to contain one troy ounce of 99.9% pure silver.
Troy Ounces vs. Avoirdupois Ounces. ... Obviously, then, a troy ounce is a bit heavier than a regular ounce. One regular ounce is 28.35 grams, while a troy ounce is 31.1 grams. The weights are close, but the difference becomes very noticeable when you're trading in larger quantities of precious metals.
Wiki copy above.
You're on metric (I believe) so you know grams and such, so I won't have to tell you most measurement in the US is the Avoirdupois ounce-- 16 to a pound system. Troy ounces go 14.58 to a pound.
In your area I think I would stick with Krugs.
Nemo
https://www.monex.com/prods/silver_eagle.html (https://www.monex.com/prods/silver_eagle.html)
https://www.monex.com/prods/gold_krug.html (https://www.monex.com/prods/gold_krug.html)
-
I started this thread but its been a while since I said anything on it. With that said, am I the only one who has noticed how the Silver market has been acting lately? Its insane. Up, Down, Same old, same old, up, down, same old same old. When the Stock Market goes down, the precious metals market is supposed to be going up. This nonsense of holding the price of Silver as flat as possible at $16.50 can't go on forever. J. P. Morgan and other big boys keep selling Paper Silver at around $16.50 every time Silver tries to rise and then they take the money and buy Physical Silver with the money. From watching the Silver market every day, I've come to the conclusion that they are about to run out of Paper Silver to sell and Silver is going to explode. Well, there's no doubt that J. P. Morgan and the others will be sitting pretty when it happens because of all the Physical Silver they have accumulated, but the little guys like myself who have a small but decent amount squirreled away will be rewarded for our patience. Now, to really stick my neck out, I'm going to predict when Silver will break out and rocket away into the stratosphere. I just can't see this continuing past September of this year. Hell, it could be next week for all I know but I think that by June or July it will have happened. If you don't have any Silver, get a few ounces and at least throw them in your Bug Out Bag. :whip: :coffeeNews: :tinfoil: :deadHorse:
-
Hey guys.
I probably should weigh in here seeing as this is somewhat a field of my expertise.
In 2010 prices of silver were relatively cheap. baught a few kilo's of the stuff @ price of $248.89 per kilo
Today that same kilo would cost me $535.95. More than double what it cost me in beginning of 2010.
Now i know there were some flooding issues in some silver mines which led to an overnight silver price spike later in 2010. attached links.
I suppose it was luck i bought as much as i did when i did.
Question i have is do you guys keep the bullion bars or melt them down to use them?
Because who carries around Bullion bars? :what:
I know some may lock it up, but how will you barter with the metal?
I devised it down to making trade beads of specific weights- scales are not so expensive and if you have a set weight /value it will make trading easier.
This is i suppose a long term investment kind of thing. :coffeeNews:
I am busy with prototypes- they look great and are functional.
Just a thought i suppose.
What are your thoughts on this gents?
https://silverprice.org/silver-price-history.html
Regards
RM
:zombitron:
I personally only buy one ounce rounds or bars. If and when it comes time to use them, I have a scale and a chisel and would have no reservations about cutting one in half if the party I'm dealing with can't make change. I expect that when the time comes to use them they will be so valuable that cutting coins will be commonplace. A bit like the Spanish pieces of eight in the old days. The experts are throwing around crazy numbers like Silver will be hundreds of dollars per ounce.
-
As I've mentioned previously, I buy mostly American Silver Eagles (ASE's). I do have a few silver rounds, and some junk silver too. I plan on using the junk silver for smaller purchases.
Some ASE's are in my bug out backpack, and I usually have some in my wallet too. I keep some gold and silver outside of the country too, as a precaution. Once, while going through customs in an Asian country the customs officers took an interest in my ASE's. They had an extensive discussion in their language regarding the coins. My traveling companion listened to the conversation and then intervened. It seems they were considering confiscating the coins. My companion pointed out that ASE's are legal tender in the U.S., and they were legal property of a U.S. citizen. The customs officials ultimately allowed me to pass through with my coins. My companion later relayed to me that they found the coins to be interesting and were wondering if they could give me a U.S. Dollar bill in exchange for the coins. I don't know what would have happened if I had been carrying silver rounds.
-
Interesting story Jackalope.
You know I do not carry any of my silver or gold coins in my BOB or on my person. I need to rectify that oversight. Thanks brother! :cheers:
-
I've acquired a Fisch kit for testing silver coins of various denominations. The kit comes in a notebook/pouch which has individual Fisch testing devices for each denomination of silver coins. The coins it can test come from Mexico, Switzerland, the U.S., Austrian, Britain, Isle of Man, and South Africa. It measures the thickness, shape, and weight of the coin. The Fisch is designed to accurately check the vital measurements of specific silver coins. There is a Fisch available for gold coins as well.
-
I've acquired a Fisch kit for testing silver coins of various denominations. The kit comes in a notebook/pouch which has individual Fisch testing devices for each denomination of silver coins. The coins it can test come from Mexico, Switzerland, the U.S., Austrian, Britain, Isle of Man, and South Africa. It measures the thickness, shape, and weight of the coin. The Fisch is designed to accurately check the vital measurements of specific silver coins. There is a Fisch available for gold coins as well.
I need to get one of these....
-
No one has mentioned Junk Silver, coins before 1964. You won't need a test kit the condition (worn) and date is all you need. I believe most people would trade for junk silver before any other type. I know I wouldn't trust silver dollars unless they are worn or any other supposed silver.
-
I thought I'd add a little info about FAKE SILVER. Its really hard to tell if Silver is real without doing extensive testing. Here are a couple of things you can do to narrow down the chances of getting ripped off. If you have a scale, a Troy ounce should weigh really close to 1.1 regular ounce. If you have calipers, you can measure it and determine if the volume is correct. You can hold the silver at about a 60 degree angle and let a "Neodymium" magnet slide down it. If the magnet sticks to it, you're screwed. If the magnet slides down it with absolutely no resistance, you're screwed. Since Silver is a good conductor the interaction of the magnet with the conductor causes an electromagnetic reaction and the magnet should slide down the face of the silver somewhat slower than you would expect. With some practice you can get a good idea of the speed that the magnet should go when sliding down. Its not the perfect test because if the center is Copper or lead,which are also good conductors, it will slow the magnet down also, but not quite as much as the Silver will. I hope this info helps those who are wanting to stack some silver. Don't try to use a weak magnet for this test. :DrillSgt:
-
Well, the Silver manipulators are really digging in and forcing the price of Silver down by selling Paper Silver really cheap. They are hoping that physical Silver holders will get squeamish and sell. Not me. I've been paying close attention to what's happening and grabbing all the physical Silver I can afford while the price is low. By doing that, I am also Averaging Down the cost of previous Silver buys. I looked at the 10 year chart and the price was exactly today what it was 10 years ago. Back then it took off and went to $50 an ounce. With Fiat Currencies collapsing all over the planet, I don't see Silver stopping at $50 an ounce this time.
-
Yes, silver is a very good buy right now. Buy on the dips, and it's in a dip.
-
Damn!!!!! Silver is still being manipulated even after one of the J. P. Morgan Vice Presidents pled guilty to price manipulation. It went to 13.99 while I was in town so I grabbed another $100 worth. This price manipulation could go on for a really long time before the whole shooting match collapses. When it all goes wrong, Silver and Gold will be King. I just hope I live long enough to tell my friends, I told you so. :cowboy: :DrillSgt:
-
I've been hearing and seeing a lot of things lately that indicate really bad things are about to happen before the end of Feb. so I went to my local Silver dealer today to buy some more Silver. Damn!!!! He was sold out of all his one ounce rounds and rectangular bullion. I guess other people have seen the same thing that I have. He had some Silver Eagles but I am not going to pay $25 ea. for the same amount of Silver as the 1 oz. Silver rounds. To me Silver is Silver. When it comes to using Silver to buy things, I don't think people are going to care if its a Silver Eagle or not, as long as its one ounce of pure Silver. He's expecting a shipment on Thursday or Friday. I just hope the price hasn't skyrocketed between now and then.
-
I don't like silver coins. I prefer pre-1964 "junk" silver. It is easily identifiable and I can make change with it.
-
@PK, what are you hearing and or reading about bad things by month end?
-
Yes PK, I'd like to hear as well on what you are seeing or hearing on the state of things.
z
-
Where can I buy some junk, as in $100 worth. Not $100 in face value (working out to big bucks on cost) but 5-6 ounces of dimes, quarters or a mix that works out to a current value of $100.
All my looking and searching leads me nowhere on that idea.
Thoughts? Suggestions?
Nemo
-
Where can I buy some junk, as in $100 worth. Not $100 in face value (working out to big bucks on cost) but 5-6 ounces of dimes, quarters or a mix that works out to a current value of $100.
All my looking and searching leads me nowhere on that idea.
Thoughts? Suggestions?
Nemo
That goes for me to.
At one point last week silver was over $16.00 an ounce, it's at $15.76 at this moment.
Gold has sneaked up to $1310+.
Yes something must be happening, but what?
-
@PK, what are you hearing and or reading about bad things by month end?
Feb. 26th something bad(like the stock market collapsing) is supposed to happen to the economy and also there is talk of Trump putting us back on the Gold Standard which would pretty much drop the Federal Reserve out of existence and put the US Treasury back in charge of our new Gold backed certificates. If none of it happens, it still is a win for me if I buy more Silver. If things continue as business as usual, we will still end up in hyperinflation under the Federal Reserve system.
-
Where can I buy some junk, as in $100 worth. Not $100 in face value (working out to big bucks on cost) but 5-6 ounces of dimes, quarters or a mix that works out to a current value of $100.
All my looking and searching leads me nowhere on that idea.
Thoughts? Suggestions?
Nemo
Let me first say that I'm not against Junk Silver. I watch my change and once in a while I find a real Silver coin and put it in my Silver Stack. The problem I have with Junk silver is that a Real Silver dime is worth 90% of $1.70 (recent price for 1/10th of an ounce) because it contains 90% Silver. That's all well and good but the coins are getting older and harder to find and the COLLECTOR price is going up above the Silver value. During a collapse, I don't see anyone wanting to pay COLLECTOR price for Silver coins. When I find one in my change, I'm a big winner because I actually bought it for 10 cents instead of the approximate $1.50 that its actually worth. You can go to any coin shop and buy Junk Silver but they charge what its worth plus a premium on top because they have to make a profit on their sales. Its not a bad way to go because you are buying them for Silver value and the dealer has gone through them and and has picked out the ones that are in good condition that have collector value and is then selling off the worn coins. You might try offering 10 times face value in a local internet advertisement like Craig's List. That would get you a dime for $1 and it would actually be worth about $1.50. You also wouldn't have to pay the dealer premium of at least 10% extra. To me, that just seems like too big of a hassle. I personally just watch the daily Spot Price for Silver and buy $100 or $200 worth when I see a dip in the Spot Price.
-
I would recommend investing in ways to detect counterfeit precious metals. It would be tragic to trade away a good rifle w kit for a gold krugerrand that turned out to be nothing but tungsten.
-
I would recommend investing in ways to detect counterfeit precious metals. It would be tragic to trade away a good rifle w kit for a gold krugerrand that turned out to be nothing but tungsten.
That is serious advice. If you are going to buy Gold or Silver, you absolutely must know what you are buying and if the seller is honest. Never buy off of EBAY. If you can't weigh it, check it with a powerful magnet, or do the ring test, then you're taking a huge and expensive risk. I know my dealer and he is honest but I still check every piece when I get home. So far, I've had no fake Silver. Then again, that's how I know he's honest.
-
Where can I buy some junk, as in $100 worth. Not $100 in face value (working out to big bucks on cost) but 5-6 ounces of dimes, quarters or a mix that works out to a current value of $100.
All my looking and searching leads me nowhere on that idea.
Thoughts? Suggestions?
Nemo
Let me first say that I'm not against Junk Silver. I watch my change and once in a while I find a real Silver coin and put it in my Silver Stack. The problem I have with Junk silver is that a Real Silver dime is worth 90% of $1.70 (recent price for 1/10th of an ounce) because it contains 90% Silver. That's all well and good but the coins are getting older and harder to find and the COLLECTOR price is going up above the Silver value. During a collapse, I don't see anyone wanting to pay COLLECTOR price for Silver coins. When I find one in my change, I'm a big winner because I actually bought it for 10 cents instead of the approximate $1.50 that its actually worth. You can go to any coin shop and buy Junk Silver but they charge what its worth plus a premium on top because they have to make a profit on their sales. Its not a bad way to go because you are buying them for Silver value and the dealer has gone through them and and has picked out the ones that are in good condition that have collector value and is then selling off the worn coins. You might try offering 10 times face value in a local internet advertisement like Craig's List. That would get you a dime for $1 and it would actually be worth about $1.50. You also wouldn't have to pay the dealer premium of at least 10% extra. To me, that just seems like too big of a hassle. I personally just watch the daily Spot Price for Silver and buy $100 or $200 worth when I see a dip in the Spot Price.
I buy the junk silver from the same place I would buy bullion (like JMBullion) so they are simply charging a set amount over spot price like any other silver in their stocks. I buy when the spot price dips, but I just buy the junk silver instead. I see no difference aside from being able to recognize a junk 90% coin much easier than silver that could potentially be counterfeit.
I would recommend investing in ways to detect counterfeit precious metals. It would be tragic to trade away a good rifle w kit for a gold krugerrand that turned out to be nothing but tungsten.
That is serious advice. If you are going to buy Gold or Silver, you absolutely must know what you are buying and if the seller is honest. Never buy off of EBAY. If you can't weigh it, check it with a powerful magnet, or do the ring test, then you're taking a huge and expensive risk. I know my dealer and he is honest but I still check every piece when I get home. So far, I've had no fake Silver. Then again, that's how I know he's honest.
Buying it from a place like JMBullion (no affiliation, just a place I have used before) eliminates this problem. Again, that is why I like 90% junk silver coins. Since I am not looking to turn around a make a profit anytime soon but rather plan on using it in a barter economy, I don't mind paying the extra over spot price.
-
Where can I buy some junk, as in $100 worth. Not $100 in face value (working out to big bucks on cost) but 5-6 ounces of dimes, quarters or a mix that works out to a current value of $100.
All my looking and searching leads me nowhere on that idea.
Thoughts? Suggestions?
Nemo
Where can I buy some junk, as in $100 worth. Not $100 in face value (working out to big bucks on cost) but 5-6 ounces of dimes, quarters or a mix that works out to a current value of $100.
All my looking and searching leads me nowhere on that idea.
Thoughts? Suggestions?
Nemo
That goes for me to.
At one point last week silver was over $16.00 an ounce, it's at $15.76 at this moment.
Gold has sneaked up to $1310+.
Yes something must be happening, but what?
https://www.jmbullion.com/silver/junk-silver/ (https://www.jmbullion.com/silver/junk-silver/)
Here is one place, though it may be difficult to get it in the small quantity you would like. For a small amount like that, I would perhaps check pawn shops or coin dealers (or those I Buy Gold/Silver places).
Here are some that fit the bill, though I personally prefer getting them in dimes and quarters when possible
https://www.jmbullion.com/90-silver-mercury-dimes-5-roll-1916-1945/ (https://www.jmbullion.com/90-silver-mercury-dimes-5-roll-1916-1945/)
https://www.jmbullion.com/90-silver-kennedy-half-dollars-10fv/ (https://www.jmbullion.com/90-silver-kennedy-half-dollars-10fv/)
https://www.jmbullion.com/90-silver-walking-liberty-half-dollars-1-face-value/ (https://www.jmbullion.com/90-silver-walking-liberty-half-dollars-1-face-value/)
-
For those that are concerned about counterfeit silver or gold coins. as I've mentioned on here before, it would be wise to invest in The Fisch. There are Fisch kits for most common silver and gold coins. If the shit does hit the fan, you could offer your services verifying the validity of silver and gold coins. The Fisch is simple to use, and pretty much fool proof. It's a wise investment if you have a large quantity of "pure" coins. It will not work on junk silver.
-
For those that are concerned about counterfeit silver or gold coins. as I've mentioned on here before, it would be wise to invest in The Fisch. There are Fisch kits for most common silver and gold coins. If the shit does hit the fan, you could offer your services verifying the validity of silver and gold coins. The Fisch is simple to use, and pretty much fool proof. It's a wise investment if you have a large quantity of "pure" coins. It will not work on junk silver.
I looked up the Fisch and the Ringer, Damn!!! They wanted an awful lot of money for a simple balance scale. I use a very accurate scale that will measure all the way down to grains. I think I only paid about $10 for it so I bought 2 of them. I like to also check for the proper ringing sound but I believe I can make a simple pinching device. I'm not against the Fisch and Ringer. I just think they cost a lot.
-
Yeah, they are pricey, but it separates the counterfeit coins from the real ones. I look at it as part of my precious metals investment. If you're in a group, then one Fisch could be purchased and shared among the group. Look at it as a shared resource. I bought mine on eBay for about half the cost of a new kit, it took a while, but they are out there.
-
Yeah, they are pricey, but it separates the counterfeit coins from the real ones. I look at it as part of my precious metals investment. If you're in a group, then one Fisch could be purchased and shared among the group. Look at it as a shared resource. I bought mine on eBay for about half the cost of a new kit, it took a while, but they are out there.
The idea that a person can just buy Silver or Gold and not worry about its authenticity worries me because I hate to advise people to buy it and then they don't do their homework to make sure its the real deal. When I measure my Silver ounces, the Troy ounce comes out to right at 1.1 regular ounce. All of mine have weighed in at from 1.1 to 1.104. I've also been tempted to set up a Specific Gravity test but so far I've just been too lazy. I used to collect rocks and minerals(I still have them) and part of the ID was to run a specific gravity test and I had all that crap set up but I haven't been active in the collecting hobby for a while so I don't have the simple equipment anymore.
-
Well here its is Tuesday and my Silver dealer said that he expected his Silver shipment to arrive last Thursday or Friday. He is closed on Sunday and Monday, so I showed up today to buy some Silver. WHAT!!!!!! The shipment hasn't arrived? Well, the Silver experts say that the first thing that will happen is Silver will be hard to get, then the dealers will lock the door while the price skyrockets, then they will reopen when the price levels off and then we will be able to get some at stupid high prices until the supply runs out. So what did I do. Well, he offered me 4 tarnished Silver Eagles at spot plus $2. I told him I'd buy them and also for him to sell me a 10 ounce bar of bullion because I was afraid he may never get his order of Silver rounds. I keep telling myself that I have stacked enough to survive but the economic gurus keep saying things that cause me buy more anyway. Every now and then, I go to the US Debt Clock website and see what the Silver to Dollar ratio is. Today, Silver was $692 oz. A month ago it was $482 oz. This crap can't go on forever. When the Silver price manipulators lose control, its going to be an unbelievable event. :deadHorse: :facepalm: :popcorn:
-
Todays update on SILVER: Wow! The Silver gurus must know what they are talking about. The stock market started crashing by thousands of points and then Margin Calls forced investors to quickly come up with cash to pay for stocks they bought on credit. Hmmmmm….. What can I sell quickly in order to pay the Margin Calls? I know..... Precious metals. Hmmmm…. Nobody wants to buy my Paper Silver at Spot Price. I know, I'll offer it cheaper. Hmmmm…. Still no buyers. OK, I'll lower it until somebody buys it. Well, it went down to $14.50. At that point, I see a buying opportunity to buy some more Physical Silver. I grab a handful of cash and drive to the Silver dealer. What!!!???!!! He doesn't want to sell it because the price has dropped too low and he knows its just temporary and will go right back up. Anyway, I'm a good customer so he agrees to sell me some. That's what is going to happen when Silver starts rapidly going up. The Dealers are not going to want to sell you an ounce for $25 because tomorrow it will probably be $50, Then the next day it could be $100. They are going to want to wait until it levels off and then start selling again.
-
UPDATE: I told you so. Oh, no! I just said "I told you so". I hate when people do that. :faint: In my February post on SILVER I said that the Dollar to Silver ratio in January was $482 an ounce and in February it had gone up to $692 an ounce. Bend over and stand by for a RAM. Today, April, 21, 2020, it is $2,423 an ounce. If you can't see the handwriting on the wall, then we're going to miss you around here. I don't care what you do, but do something to protect yourself. Even if you pick the wrong thing to do, at least you did something besides standing in the road like a deer caught in the headlights. :DrillSgt:
-
Gold broke the $1,700 an once threshold today. Mmmm?
We are heading for some serious economic times.
-
A fair portion of that may be due to being minus priced recently and with/because the Iran rules of engagement changes WTI is still only around $14 a barrel.
There is no value in oil related investments.
But I am still buying silver.
Nemo
-
Not to alter this thread on silver however, crude at $15- a barrel is what starts wars. Some countries economy's are based on crude being north of $65- a barrel.
-
In any event, we are living in interesting times.
Nemo
-
venezuala
Russia
Saudi Arabia
the USofA
Kuwait
Iran
Iraq
the Emirates
fun guests on this party list.
-
I'm waiting for the DISCONNECT. I came up with that word when I was discussing Silver with my wife. I told her that the Physical Silver is tied to the Paper Silver price and that Physical Silver holders are going to get tired of being tied to it and will refuse to sell their Physical Silver at Paper Silver prices. About a week later, I watched several Silver Gurus on You Tube and loe and behold, They were using the word DISCONNECT also. They were talking about premiums going through the roof soon. I have to agree with them. Nobody is going to buy my Silver at Spot price. If they want it, they better bring plenty of money with them. The last time I checked the Dollar to Silver ratio was $2,423.00 per ounce. As far as I'm concerned Silver is worth $2,423.00 per ounce. We are in hyperinflation and nobody wants to say it.
-
I'm waiting for the DISCONNECT. I came up with that word when I was discussing Silver with my wife. I told her that the Physical Silver is tied to the Paper Silver price and that Physical Silver holders are going to get tired of being tied to it and will refuse to sell their Physical Silver at Paper Silver prices. About a week later, I watched several Silver Gurus on You Tube and loe and behold, They were using the word DISCONNECT also. They were talking about premiums going through the roof soon. I have to agree with them. Nobody is going to buy my Silver at Spot price. If they want it, they better bring plenty of money with them. The last time I checked the Dollar to Silver ratio was $2,423.00 per ounce. As far as I'm concerned Silver is worth $2,423.00 per ounce. We are in hyperinflation and nobody wants to say it.
Not being educated in silver prices I have a few questions.
I was looking at internet bullion dealers and they have one troy ounce silver dollars beginning at $22.00
So if gold is just over $1,700 an ounce how could silver be $2423.00?
Is that price with a premium and what is the premium?
-
Jo Jo, I can't believe I just got around to seeing this. Sometimes I don't give some details that I should. That rediculus price for Silver is the Dollar to Silver ratio. Jan 2020 it was $482 to 1 ounce, Feb 2020 it was $692 to 1 ounce, April 21 2020 it was $ 2423 to 1 ounce, May 3 2020 it was $2530 to 1 oune, May 11 2020 it was $2602 to 1 ounce, May 15 2020 it was $2911 to 1 ounce, June 4 2020 it was $3159 to 1 ounce, June 9 22020 it is $3215 to 1 ounce. I can't believe that it has risen from $482 in Jan to $3215 in just 6 months. Basically, year over year, for every ounce mined and refined, the Government has added all those new worthless dollars into circulation. Therefore, I conclude that the true price for Physical Silver should be $3215 per ounce. That doesn't mean that that's the way it really is but it is the way I look at it. When the Paper Silver market finally crashes, and it eventually will, the price of Physical Silver probably will rise to the Dollar to Silver ratio.
-
I have been buying my Physical Silver at Spot plus $1 to $2 premium. DAMN!!!! :facepalm: Today, the place I buy most of my Silver finally opened back up and I waltzed in with a whole lot of money to buy some Silver because previously nobody had any. The guy had several signs posted around the counter that said ALL SILVER is $5 over Spot per ounce. Did I buy any at $17.81 plus $5 per ounce. You bet I did. I Bought $1000 worth. Its a waiting game, I know, but I plan to win. :popcorn: With the Dollar to Silver ratio going up like a rocket ship, I don't want to get caught short when the SHTF.
-
interesting.
lets see - GDP dropping like a rock. Money being pumped into the economy like crazy.
I'm willing to bet all commodities will shoot up against the dollar.
<grab a cup of coffee and look it up>
so <@index mundi> - energy sector is down. food is up (even though beef and poultry are down). Silver is near a 10 year low.
:what:
Your crystal ball has got to be better than mine. I don't get this schema - it doesn't seem to match my understanding of how this is supposed to work. Silver should be high - right along with beans and rice.
I wonder if it isn't a lag between the current economy and price discovery at the other end. Or has consumption from industry lowered alot leaving the spot market flush? either way it seems priced to sell.
I'm thinking of getting some Ag too - prices seem oddly low.
-
whoa - did i read this right?
Silver ETF's and futures are tracking together - physical seems to have detached from the paper about 10 years a go :what: I don't get it :hiding:
-
whoa - did i read this right?
Silver ETF's and futures are tracking together - physical seems to have detached from the paper about 10 years a go :what: I don't get it :hiding:
I'm still waiting for Physical to detach from Paper. All the Silver that I have bought has been at Paper Silver prices plus a small premium. The Silver Gurus seem to think Silver will go to the Moon in 2021 or 2022. Damn! I'm so old I might not still be around when it happens. Well, at least my Kids will get the benefit from it. Silver ETF's and Futures are both Paper Silver. That's why they are tracking together.
-
I may have mentioned this before but just in case I haven't, Physical Silver has been trading at SPOT plus a small Premium of $1 to $3 per ounce. I was finally able to buy some and the premium had gone to $5 per ounce. I have heard that some Sellers are charging premiums near $10 per ounce. I have to admit, I would not let any of mine go for Spot plus $10 because I see nothing but Doom and Gloom on the horizon. I have a bunch of food stored but the Prepper Gurus are saying we should buy even more. Damn! How much is enough? I've got other things planned that I could use that money for. I have two small porch replacements to take of and then its off to the races to buy just enough solar equipment to handle emergency power outages just in case my Generator is unable to do the job. Maybe it'll break or I won't be able to get gas for it.
-
Damn!!! Silver just went crazy. It is $21.32 oz. right now and the market is closed. It will open again at 6 PM and we'll see if this is going to fizzle or skyrocket. I think people are starting to panic because of this big push to force us into a digital currency thing.
-
Wow! :facepalm: Now its up to $22.46 oz. I'm glad I bought some. :dance:
-
Well Silver went to $26, then they slammed it back down to $24.50, then it slowly started creeping back up and then today it shot up to $26.40 then they slammed it back to $26 and now it is back up to $26.40ish. I've seen it being manipulated down so many times, I'm afraid to make a prediction. However, they can't hold it down forever so I'm just watching and hoping. :popcorn: The big banks are buying all the physical Silver they can get their hands on and telling the Public to not buy any because its a bad investment. Hmmmm..... If its a bad investment then why are they buying it all up? :what: The Silver gurus are saying that it won't stop at $50 oz. this time. They say that this time when it goes it will go over $100 oz. :dancingBanana:
-
UPDATE: Silver just hit $27.08 oz. :dancingBanana: The price manipulators keep slamming the price down and it just keeps rising back up. :lmfao:
-
Uh oh.... Silver just hit $28.65 oz. If you didn't buy some when it was $15 oz, you missed the boat.
-
WOW! $29 oz.:dancingBanana: It was up to almost $29.50 but the price manipulators pushed it back to $29. :tinfoil: By tomorrow it should take off again. :popcorn:
-
Well, there is bad news and good news. The bad news is that since Silver went to $29 oz, the price manipulators slammed it way back down. The good news is that is has slowly risen back up and is a $28.20 oz. Silver is like "ROCKY". You can beat him all to hell but he will still come back in the end.
-
The latest update: The Silver Price Slammers have pushed it back down around $26.50 but that won't last long. The Precious Metals Gurus can give you a 30 minute dissertation on this and that about the why's and why not's of it but in the end, the prices will continue to rise beyond belief. I gave myself a cutoff point of $25 oz and have stuck to it. I wish I had a lot more but I'm pretty sure I can survive on what I do have. If I had known for sure what was going to be happening in todays world I would have forced myself to buy all I could get my hands on. Ahhh, but alas, that didn't happen. I firmly believe that those who hold 10,000 ounces or more will be able to live like royalty. If you think about it in the proper perspective, you'll realize that Silver and Gold have not changed in value. In 1912, you could go into most nice Hotels and stay the night for 1 ounce of Silver. If Silver was priced at its true value, you should be able to go into an equal quality Hotel and stay the night for 1 ounce of Silver. When Hyper-Inflation really hits, then the price of Silver will be limitless. What I'm going to tell you next will make your ass pucker. In February of 2020, the Dollar to Silver Ratio was about $460 +- per ounce. Today, just 6 months later, the Dollar to Silver Ratio is about $4,070 +- per ounce. The number of Paper Silver ounces to Physical Silver Ounces is 178 to 1. People are still dumb enough to buy Paper Silver that doesn't even exist when they could buy actual, hold it in your hand Silver, for the same price. The Digital Currency thing is definitely coming and that's all well and good if you go to a store to buy something but how are you going to buy your neighbor's boat, used car, Rifle, or other thing that you just feel that you have to have because your neighbor is selling it so cheap? I could go on for days on end about this but I'll save it for another post at a later time.
-
Article suggests buying more. Ought to go read the rest of the article before you go all in.
Nemo
https://www.shtfplan.com/headline-news/suckers-sell-off-silver-can-double-by-march-2021 (https://www.shtfplan.com/headline-news/suckers-sell-off-silver-can-double-by-march-2021)
SUCKER’S SELL-OFF: Silver Can Double By MARCH 2021!
Tom Beck
September 29th, 2020
Portfolio Wealth Global
This article was contributed by Tom Beck with Portfolio Wealth Global.
Silver is getting BEATEN DOWN in the past two weeks and there are tons of sellers; it’s a COLOSSAL ERROR to be selling right now, since, in our opinion, this is a FINAL SHAKEOUT before silver climbs over $30/ounce by the end of 2020!
This cash scare into dollars again is foolish and has NO MERIT.
As you can see, both gold and silver are OVERSOLD, yet the GOLDEN CROSS remains intact.
We believe that traders who opted out have signed their DEATH WARRANT.
They’re literally JUMPING SHIP, just as it is leaving the dock and sailing to the BAY OF PLENTY.
. . .
continued
-
Nemo, you are right. Selling right now is a huge mistake. Buying all you can right now might end up being a mistake also. What I'm certain about is that I will never sell my Silver. I will spend it when money no longer has any value. Whenever I spend any of it in the future, I will negotiate how much of it I'm willing to part with for whatever it is that I'm trying to buy. I truly believe that Silver or Gold will save those who have it. With all that said, there will be some people who will not want to trade in Silver and/or Gold but there will be plenty of people who realize that trading goods and services for Silver and Gold is a smart move. If you've got it and they want it, you will be in a very strong bargaining position.
-
OK, this has nothing to do with Silver but its worth thinking about. Some 1982 pennies were made of Copper and all pennies before that were made of copper. If you weigh out a pound of copper pennies which is +- $3 Lb. You'll find that it takes less than $3 worth of Copper pennies to make a pound. Hang on to any penny that is before 1982. Now, what about Nickels? The Nickel is the only coin left that is still made of Nickel. I know... Some people also spell Nickel as Nickle. Either one is actually correct. The last time I checked a Nickel is actually worth about 8 cents. If you want to check 1982 pennies to only save the Copper one's then all you have to do is weigh them. A Zinc penny weighs about 38 grains and a Copper penny weighs about 48 grains. I've been saving every Copper penny that I have found and every nickel also. When it all goes to crap, those Copper Pennies and Nickel Nickels are real money and will be in demand. I won't bother with going on and on about pre 1964 Silver Coins because I think everyone watches out for those.
-
Just noticed that Apmex, due to unprecedented volume, is not accepting orders for most silver items till this evening.
Seems people finally got wise.
-
Jim Rawles mentioned this article on his blog today:
https://www.theepochtimes.com/reddit-forum-sparks-physical-silver-shortage-on-major-dealers-websites_3679079.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2021-01-31-2 (https://www.theepochtimes.com/reddit-forum-sparks-physical-silver-shortage-on-major-dealers-websites_3679079.html?utm_source=news&utm_medium=email&utm_campaign=breaking-2021-01-31-2)
-
I've been hearing the rumblings about the Reddit bunch going for Silver. BAM!!! It looks like they are actually going for it. I waited about an hour after the market opened tonight and checked the price, and it went up to $29 and then JPM slammed it back to about $28. Hell, I still made over a dollar on every ounce I own since Friday. I bought most of my Physical Silver back when it was around $16 oz. plus $2 premium. Hmmmm..... That's about $10 an ounce profit. I made a comment or three on Facebook about Physical Silver and the other day a lady that I used to work with contacted me about how to buy Silver. I told her that the first boat has left the dock and she needs to get on the second Silver boat. If she waits for the 3rd Silver boat to leave the dock, she won't be able to afford it. I was careful to warn her to not put all of her money into one place but 1/3 might be wise. With the massive spike tonight, she may have waited a bit too long to get in on the gravy train. I never thought that I would ever become one of those paranoid dumbasses who thinks that the Government and the behind the curtain Masters are out to get us but, Yep, I have completely turned into one of those who doesn't trust anything the Government and the News Media says. I've paid close attention to the words used in the news and I am hearing lots and lots of TRIGGER WORDS like COMPLY. Tonight I heard a Dr. say that people are not complying with taking the vaccine. Comply??? Comply relates to orders not suggestions. That shit just goes right over most people's heads. :facepalm:
-
Apmex opened and 1 oz bullion bars are around $33
-
This extreme jump in the Silver price could be short lived but I personally don't think so. I think this is what I've been expecting all along. Total Panic due to the Man Made Virus, the Fraudulent Election, Massive Unemployment, and Economic Collapse.
-
As of right now. Monex dot com.
Something suspicious is in the wind.
Nemo
Gold $1,869.00 +20.00
Silver $29.62 +2.51
Platinum $1,136.00 +53.00
Palladium $2,252.00 +15.00
-
Silver Eagles. Same source as above.
Nemo
American Silver Eagle Coins
Celebrating American patriotism and the pursuit of freedom, U.S. Silver Eagles are considered one of the world’s most beautiful coins. One of the most reputable investment grade silver bullion coins, Silver Eagles are impressively substantial in size, design and quality. Discover more about the value silver coins can bring to your portfolio and learn how to buy American Silver Eagles today.
Monex Current Prices
Spot
Bid
Ask
Chart
The Monex Standard
$29.49
$32.66
$34.68
Monex Commodity Chart
Atlas Preferred Prices
$29.49
$32.90
$34.08
Monex Commodity Chart
-
It has settled down to around $30- at the moment.
A few things,
1) I predicted this and the end price in this years predictions found in the tri cornered tin foil hat board
2) Silver has been suppressed by the Fed for years. IMO, silver should match golds 12-month increase which would put it in the high $30's low $40's.
3) Rumor has it that silver is the new GameStop. Reddit folks see another opportunity and they are jumping on it.
-
I've been watching the KITCO charts and it's almost comic how the Price Manipulators slam it down and it pops right back up. They are having an effect on it over all but that won't last. Since there is very little Silver available to be bought, they will eventually lose control and Silver will go crazy. I did notice that the Premiums have gone crazy. Some dealers are getting $12 an ounce above Spot. I'm just glad that I got what I got when I got it.
-
Imagine if it does achieve the intended target of $1000.00 per ounce. That will make life interesting.
-
Well, the price manipulators are in full swing but they are losing control of Silver. I've been watching the latest Silver gurus on You Tube and they all are saying the same basic thing. The price is still within reason but nobody has any to sell. The instant a dealer gets some, 5 minutes later its all gone and they don't know when they'll be able to get any more. Even the guys who buy thousands of ounces at a time are crying the Blues because John Q. Public is all of a sudden wanting to by Physical Silver. One dealer said that just before he ran out, there were 5 times as many buyers than there were this time last year. The Central Banks all over the world have been and are still saying that Silver is not a good investment and all the while they have been buying up all the Physical Silver they can get their hands on. Hmmmm.... Are they crazy? Yea, crazy like a fox. They are well aware that the world wide Fiat Currency System is doomed. Will I be selling any of my Silver? Bwahahahaha..... I don't think so.
-
Now this is interesting. To me anyway. Methinks I will be looking for some good silver dealings.
Nemo
https://www.sprottmoney.com/blog/The-Ides-of-March-Cometh-for-the-Banks-Feb-18-21 (https://www.sprottmoney.com/blog/The-Ides-of-March-Cometh-for-the-Banks-Feb-18-21)
The Ides of March Cometh for the Banks
Gold coin stack with American Dollar
February 18, 2021
By David Brady
BIG PICTURE
“In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: 'please spend'. Spend as much as you can and then spend a little bit more."
IMF Managing Director, Kristalina Georgieva. January 15, 2021.
She was referring to national governments and calling for them to ramp up their fiscal spending to support their economies and provide relief for the damage caused by the lockdowns. This requires an enormous increase in new debt issuance by governments globally on top of the massive debt mountain already in place. A lot of that existing debt is maturing and will have to be extended too. Who will pay for all of this? The central banks of course, with currency printed out of thin air, or more precisely, by adding a few zeros to a number on a computer screen. What does this do to the value of currencies worldwide? What happens to inflation when more currency chases fewer goods and services? What are the implications for the prices of Gold and Silver? It’s self-explanatory.
All of this begins in March, i.e., in just over a week from now.
SHORT-TERM
While the premiums and prices for physical metals have soared, the paper markets for Gold, Silver, and the miners have been under pressure recently. However, I believe the latter is about to come to an end soon based on the various tools I use in my process.
Sentiment
Silver: Still Bullish
The market reached a level of bullishness at the peak on February 1 not seen since the peak in August last. Yet, almost everyone continued to expect higher prices. What happened next? We dropped 15% in just three days to 26, and we’ve gone sideways since. Although that bullishness has been tapered somewhat, we’re still nowhere near bearish. While that is not a requirement for a bottom in Silver, it is certainly not supportive of the massive rally I expect to follow soon. I would prefer to see further downside to create the fuel for that rally. But as the Rolling Stones point out: “You can’t always get what you want.”
Gold & Miners: Neutral to Bearish
One just has to look at the weekly Gold:Silver Ratio (“GSR”) to see how Gold has significantly underperformed Silver since the March 2020 lows in both.
David Brady Analysis
Extreme oversold conditions coupled with glaring positive divergences after a such a big drop to levels not seen since 2013 (the GSR has almost halved) suggest a short-term rebound is coming. Gold is increasingly likely to ‘initially’ lead the way higher in the next rally, and then Silver will catch up and pass it by.
The GSR ratio also explains why Gold is closer to neutral than in Silver and therefore closer to a bottom.
continued
-
Damn!!!! There are so many ways to look at what is coming. I've been concerned about Hyper Inflation caused by the collapse of the Dollar but the World Banks are ahead of that by trying to force everybody into a digital currency. They've been hyping it everywhere as "CONVENIENT". Oh, yeah, that's real convenient when some ass wipe in DC pushes a button and locks your money down and there you are with 50,000 digital dollars and starving to death because you can't get to it. The number of Physical Silver buyers has gone insane in the past year alone. Millionaires have been quietly buying all they can get their hands on. How does this grab you...... All of a sudden your digital account gets frozen and you have no idea if or when it will be unfrozen. However, you're sitting on 1,000 ounces of Physical Silver that is selling for $100 an ounce, Hell, maybe $1,000 an ounce, if you can find any. You are still in control until you run out of Silver. Since you have no way to replace your Silver if you buy something, you'll find yourself negotiating every purchase. The seller will really want that Silver because you can bet his digital account is also frozen. The only way to beat the Government is for the people to create their own monetary system based on the trading of precious metals. :dance:
-
Good point Pkv. The only way to beat the Government is for the people to create their own monetary system based on the trading of precious metals.
It is so obvious that our and foreign governments are trying to collapse the system why are not more people talking about it? It sure is an ostrich with its head in the sand scenario.
General question not to derail this discussion...What skill will you have to trade when the SHTF?
-
Yep. Having some sort of skillset that other people will want or need is important. My electronics background has value but years ago when I was studying Guitar, my Guitar Guru who grew up during the Great depression told me that people who ran eating establishments and music teachers did fairly well because "People gotta eat" and they took music lessons so they could entertain themselves because they couldn't afford to go nightclubbing. That's when a lot of Family bands started to spring up. Since I played professionally for about 20 years, I could Play and teach music.
-
UPDATE: 3/4/21..... The Price manipulators have pushed Silver down to $25 an ounce but its starting to come back up. I checked some prices today and at this moment you can get one ounce for about $30.50. That's about a $5 premium and is the best I've seen. Some dealers are getting $10 to $12 premiums per ounce. If you want some, then today is a good day to try to buy some if you can find anybody who will even be willing to sell it to you. If they push the price back down to or below $25 an ounce, I'm pretty sure I'll drive to town and buy some. Why$25? :what: Because I promised myself I would stop buying it if it went over $25 an ounce. I haven't bought any since last April. back then I paid $23 an ounce and that included the premium. This Silver thing is going to explode pretty soon and I'm a bit concerned that I'm going to miss out. Well, if I do its OK because I've got a decent stack that should save me for a short while at least. :popcorn:
-
Well, Silver went back up but as of right now 3/28/21, the price manipulators have pushed it back down to $24.81. They think we don't know what they're doing or maybe they don't care that we know what they're doing but they offer Paper Silver at some crazy low price and that drops the Silver price and then they run in and buy all the Physical Silver they can find. Well, Screw 'em. I'll just sit on mine until the price explodes. :popcorn:
-
Good grief, The Silver price manipulators have slammed Silver down to $23.97 as of 6:30 pm 3/30/2021. Even at that price plus a $6 premium, I doubt if you could find anyone who would sell it to you. This is insanity.
-
OK, Boys and Girls...... There are going to be some serious things happening on JUNE 27, 2021. As most people know or at least suspect, all banks worldwide are connected in one way or another. Whatever happens in ENGLAND effects banks all over the world. Now, for the news. On June 27, 2021, England will require 75% or 85% physical Silver to back up its Paper Silver market. I can't remember the exact percent. Right now, they only require 50% physical Silver to back up their Paper Silver scam. Now, keep you eyes and ears open after June 27 to see what happens to the Silver prices. I expect to see Silver make a massive jump in price worldwide. I also expect the rest of the world banks to be forced to follow suit with England or be left in the dust because nobody will want to invest in the other countries Paper Silver. Right now, I'm thinking that I won't sell any of my physical Silver at any price. I wouldn't sell it for $1000 and ounce. I truly think this will be the beginning of the Paper Silver collapse. With all the talk about a currency reset and digital currency being forced on us, the holders of Gold and will Silver will be in the Catbird's seat.
-
PK, do you have a link that discusses the physical precious metals situation in the U.K.? This is the first that I've heard about it.
-
Jackalope, I think I saw a You Tube video about it. All I can remember is there is some sort of English regulating group that has some acronym name and their rules will take effect on June 27th. I'll do a search on June 27, 2021, and see if I can find it again. If I find the article or video I'll post it here.
I found this "Basel III Threatens to Break The Gold Derivative Market in June" but this "The LBMA vs the BIS on Gold - Who Will Win?" is probably the latest one I saw. The link for the latest one is: https://www.youtube.com/watch?v=Dr_p5YtpgO0 (https://www.youtube.com/watch?v=Dr_p5YtpgO0)
UH, OH..... Read this article:
https://www.investing.com/analysis/basel-iii-gold-the-dollar-and-the-great-reset-200567220 (https://www.investing.com/analysis/basel-iii-gold-the-dollar-and-the-great-reset-200567220)
-
Interesting.
A whole bunch of scenarios goes through my small mind as contemplate this enormous shift in the UK's monetary funding.
With The Fed now buying 100% of our debt, I think of what I have read about the Weimar Republic (https://en.wikipedia.org/wiki/Weimar_Republic) is our future. When it took a wheel barrel of money to buy bread, Hitler and his Fascist followers took advantage of the crisis.
In short, he reissued new money that was backed by property, mortgages, and citizens bank accounts. This reminds me of President Biden's move for the U.S. to own 30% of the land in the U.S. by 2030. I wonder how that will happen.
https://www.cnn.com/2021/05/06/politics/conservation-plans-biden-administration/index.html (https://www.cnn.com/2021/05/06/politics/conservation-plans-biden-administration/index.html)
Thanks PKv for posting this information. Like Jackaope, I knew nothing about it. :cheers:
-
I'm going to post something that will, at first glance, seem totally absurd. The Dollar to Silver ratio right now is $3,845 to 1 ounce of Silver. To me, that means that one ounce of Silver should be worth $3,845 worthless US Dollars. If you wanted to go out and buy a brand new car, you should be able to find an ordinary car for about $40,000 worthless US Dollars. When the SHTF and Silver actually starts selling for $3,845 an ounce, You should be able to walk into a car dealership and plop down 10 Ounces of Silver and drive out in a brand new car. I don't think that is going to happen but it could. I've had people ask me why I stack Silver and my prime answer is, "When people can no longer get their hands on money that has any value, I believe that I will be able to save my home from confiscation by using Silver to pay my real estate taxes." I truly believe that the Tax office will accept Physical Silver at the going price. If they don't, then I believe I'll be able to sell a few ounces for enough worthless US Dollars to then pay the taxes in worthless US Dollars. I don't think that many people, preppers included, have given much thought to the possible loss of their home and property through tax forfeiture when the SHTF. Hell, I'll be able to eat and I'll be able to trade for things, but those damn taxes are a whole different ball game.
-
Interesting PKv.
A few things to ponder today...
1) Inflation is a tax.
2) Taxes are guess what, a tax. A tribute you give a government body to be allowed to use your own property.
3) In many Blue and Purple states, taxes are going up. My good friend in NY told me that his states deficit is in excess of
$15B. With 2020 being a bust in taking in tax revenue thanks to the China Virus. Hence, property, school, gas, sales,
alcohol, etc. taxes are going up.
4) People are fleeing in droves from Blue and Purple states, to your state. Will school taxes go up in Red states to
accommodate the rise in class size?
5) With ramped inflation already here, why is gold and silver not rising?
Here is a little story. My mom saw a 1/4-page ad in her Sunday paper. The ad was from her county begging folks to pay their property and school taxes. Apparently, the county's tax revenue is down substantially and June 30th is the end of the tax session. I suspect it is similar in many locals around the country.
-
Yep, Johnny, the only people who benefit from inflation is the Government. The more more inflation goes up, the more salaries rise behind it and then the wage earners ratchet up into a higher tax bracket. Then the wage earners have to pay higher taxes than they used to and their money also buys less than it did before inflation. Then when prices of products goes up, the amount of sales tax goes up because its a percentage of the sales amount. In my county, we just have one tax (real Estate and Personal Property) that covers everything. We don't have a school tax. I think our County does collect 1 percent sales tax above the State sales tax. Damn..... Now you got me thinking of all the bullshit taxes that I also have to pay. You know, Satelite TV tax, Utility taxes on my Electric bill and my Phone bill. I'll have the last laugh when the SHTF because the Phone and the Satelite TV will be the first things that I cancel. If Electricity gets to be stupid expensive, I'll just upgrade my Solar System and and cancel the Electric bill also. I've got a really bad case of the "Screw you" attitude when I feel like I'm getting screwed over by Corporations and the Government. Even though I have Commercial Phone and Internet service I also have one of those prepaid cell phones. If push comes to shove, I will have at least the prpaid phone service. By the way, my prepaid phone works great everywhere except when I'm at home. At home its pretty hit and miss.
-
Tennessee just has one tax bill too, so school taxes are combined with the County tax. No personal property tax here. I had a friend who retired and moved to Virginia, and he was surprised that he had to pay an annual personal property tax on his aircraft and his vehicles. I believe the State of Maine has a similar tax. In my thinking, if you have to pay an annual tax on your personal property, then you don't actually own the property, and the State owns the items. In any case, the fellow actually moved back to New York because of the tax situation.
We do have a higher sales tax in Tennessee, but I look at that as a more equitable tax, since it applies to all citizens. I really don't like land taxes, because in reality, you never actually own the land. To see who the real land owners are, try not paying your taxes for a while.
-
Virginia has been reducing, refunding, removing that Personal Property tax for years. Its taking a while but getting gone slowly.
Nemo
-
And another smart guy agrees with us. Or educated us long ago. Either way, get more.
Nemo
https://markets.businessinsider.com/currencies/news/big-short-michael-burry-warns-meme-stocks-crypto-crash-coming-2021-6-1030534935
'Big Short' investor Michael Burry warns the 'mother of all crashes' is coming - and predicts crypto and meme stocks will plummet
Theron Mohamed
Jun. 18, 2021, 06:36 AM
-
Well The LBMA rules took affect on 6/27/2021, which was Sunday. I watched the Silver price and it was still being slammed. OK, so I took a look at Silver today, (Monday) the 28th which is the first business day after the new rules. Whatttt????? They are still slamming the Silver price and its holding pretty steady at around $26. OK, I can wait. I hate to make predictions because I always miss my predicted date. Well, I guess I'm a glutton for punishment so I'll go ahead and make another prediction. I'm going to say that Silver will blast off before the end of July. Actually, I think it will before that but I'm hedging my bet. Those crooks can price it at whatever they want but if nobody will sell any then it will rise until somebody with no patience turns some loose. They'll be sooooorrrrrrryyyyy. When it takes off, it will not stop because that will be the point where the Government realizes that the economy has collapsed and they will force us into a digital currency. Those who have Gold and Silver will be in a very powerful position.
-
:popcorn:
-
I wonder if the man in the White House, reported to be "more progressive than FDR", will sign his own Executive Order 6102? Not just for gold but silver too. Maybe other investments like digital.
My mom told me last night, she wants me to sell all of her stocks. She doesn't have much so I asked her, why? My mom, a 89-year-old woman, told me, "the stock market is going to crash John. It is as clear as the nose on my face." Mmmmmmm?
Listen, it is as clear as the nose on my face that Uncle Joe's puppeteers (Obama), are angling to collapse our economy so "they" can insert, The Great Reset more easily.
-
When you see lightning strike, you can be pretty certain that thunder will follow. What I'm seeing in the Silver market is disturbing and exciting at the same time. The price of Silver is dropping like a rock. Hmmmmmm...... Is that because people don't want paper Silver because its worthless or is it because the Market is selling paper Silver really cheap so that the big Banks can run in and buy Physical Silver for cheap? I'd say both. I'm not going to buy anymore physical Silver so I won't know just how available it is. I do know that Hell would freeze over before I sell any. OK, OK, if somebody would pay me $100 an ounce, I might let go of 1 or 2 ounces. Further down the road, I believe Silver will be up in the hundreds of dollars per ounce. That's what I'm waiting for and also bartering Silver for goods when the money becomes worthless. Well, its already is worthless but the people just haven't caught on yet.
-
Its Sunday and the Silver market just opened and went straight down from $24.50 to $23.33. Did I panic? NOPE. I went in and told the wife that I just saw what I was waiting for. Silver has dropped about $3 in the last few weeks. I've been waiting for a massive drop as an indicator that something HUGE was about to happen to the economy. When it happens, the general public will crap their pants and Silver and Gold will go to the Moon. I'm going to go out on a limb and guess that whatever is going to happen will be in August or September. Let's wait a see. :popcorn:
-
Well, its December and the Silver price has flopped all over the place but basically stayed low. I couldn't stand it any longer so I went to town and bought some more. It stung like Hell but we all know that soon our money won't be worth any more than toilet paper. The Silver price isn't what stung. It was the $6 premium on each ounce that really hurt. I have to remind myself of PREPPER RULE NO. 1, You can say WHAT you have but never HOW MUCH you have. No, I will not say how much I bought. I keep telling my friends and relatives to buy physical Silver and they nod and agree that they should, then they don't buy any. What the Hell is wrong with these people? If they would just buy one ounce a month, then at least they'd have 12 ounces at the end of each year.
-
Well, with all that is going on with the War, the Economy, Supply Shortages, I've been watching the Price of Silver every day. It's been all over the place but all of a sudden, the price jumped up about a dollar an ounce. That's the price for Paper Silver which is worthless but Physical Silver is priced based on the Paper price. I think we are right on the edge of getting Physical Silver becoming impossible. I've been waiting for the price to take off like a rocket and I'm getting the feeling that the fuse is lit. By the way, since the war in the Ukraine started, Copper and Nickel have gone crazy. 192 pre 1982 Copper pennies equals a pound and a pound of Copper just went up to $4.70 a pound and Nickel just went up to $20.70 a pound. Base metals are weighed in normal ounces unlike Gold and Silver. It takes about 2 rolls of nickels to equal a pound. That means that $4 worth of Nickels is worth 5 times its face value and older Copper Pennies are worth about 2 1/2 times face value. I also keep hearing that Copper and Nickel are going to keep going up. Yep, I've been saving Copper Pennies and all the Nickels I get.
-
Not to be overly facetious here...
But is anyone cast bullets in silver?
Not that I'm thinking of any particular "leader" in DC or anything - just asking for a friend.
-
:lmfao: I haven't. :cheers:
-
Are there werewolves in your area?
Silver works but is pricey at today?s rates.
-
Yeah, silver bullets for werewolves.
That helps for many other things if you are wearing an eye mask.
Nemo
-
Since the price of Physical Silver is tied to the price of Paper Silver, I buy Physical Silver only when the Paper Silver price drops waaaayyyy down. In today's world, buying Physical Silver is pretty tough to do. If you can find a dealer who is willing to sell you any, he is going to tack on a pretty hefty premium. I watch the price every day just so I'll know when the SHTF happens. I'm waiting for the day when it takes off like a rocket and then I'll know that the SHTF. The NEWS media is going to be full of crap or they are going to tell you after it's too late to do anything about it. I'm not buying any more unless I run into an idiot who is willing to sell it really cheap. If somebody is willing to sell it really cheap, you better know how to tell if it's real or fake. I'm at the point where I wouldn't sell any of mine at any price because I have no idea where the price is going when the SHTF. When the dollar crashes, Silver could go anywhere. It could be $100 oz, $600 oz, $1,000 oz, or $10,000 oz. I see the value of Silver as it was in the late 1800's. You could stay in a hotel for one night for one Silver Dollar. Well, that's the way I'm going to bargain with mine. If a Hotel isn't willing to let me stay there for one Silver Oz, then I'll just move on until I find one that will.
-
Not to be overly facetious here...
But is anyone cast bullets in silver?
Not that I'm thinking of any particular "leader" in DC or anything - just asking for a friend.
FYI, if you want some in 38, 357, 9mm calibers I can do them for you. Send me a few ingots and I will make them up quick. 10% by weight, minimum 2oz, for propane and postage return.
They would be all nice and shiny, pretty and clean. Properly loaded cartridges in 38 or 357 cal with 90% max charge for weight, burning Tightgroup to push them.
Nemo
-
I just watched a You Tube video from one of the Silver Gurus and he said that Monday should see a very large jump in the price of Silver. It won't be the $600 an ounce that some folks are talking about. My guess is that it will be something like $30 to $35 an ounce. He did mention that some dealers are already charging up to $12 and $13 premiums already.
-
I have seen some $5-$7 over spot pricing but have not looked recently.
Until a moment ago.
Nemo
https://www.moneymetals.com/2021-type-2-silver-american-eagle-1-troy-ounce-999-pure/608 (https://www.moneymetals.com/2021-type-2-silver-american-eagle-1-troy-ounce-999-pure/608)
$40.78 (as low as $14.99 over spot)
gets a double wow and an ouch!
-
But shop around too. And if you are game to take private mintings.
Nemo
https://www.moneymetals.com/walking-liberty-one-ounce-silver-round/38 (https://www.moneymetals.com/walking-liberty-one-ounce-silver-round/38)
3 Week(s) Delay on This Item
There is currently an online order maximum of 2000.
$30.28 (as low as $4.49 over spot)
-
Stand by for a ram. Silver opened at 6PM and went up 5 cents. Then WHAM!!! it plunged down $1.01 in less than 30 minutes. Now, that's what I call manipulation. You can't find any to buy and if you do, nobody will sell it to you. That Silver Guru that I saw yesterday must be right. They slam it down as hard as they can and then buy like crazy and then it takes off. I'm just standing here patting my foot and waiting to see what happens. My guess is, its going to take off like a rocket ship within the next 24 hours.
WOW, I'm not going to post a new message. I'm just going to modify my last one. That $1 drop just turned around and came right back up to about $25.50. That's Bazaar as Hell. All in about an hour.
-
Stand by for a ram. Silver opened at 6PM and went up 5 cents. Then WHAM!!! it plunged down $1.01 in less than 30 minutes. Now, that's what I call manipulation. You can't find any to buy and if you do, nobody will sell it to you. That Silver Guru that I saw yesterday must be right. They slam it down as hard as they can and then buy like crazy and then it takes off. I'm just standing here patting my foot and waiting to see what happens. My guess is, its going to take off like a rocket ship within the next 24 hours.
WOW, I'm not going to post a new message. I'm just going to modify my last one. That $1 drop just turned around and came right back up to about $25.50. That's Bazaar as Hell. All in about an hour.
If you blink you miss it -
-
Current pricing.
Nemo
as of now. Note these are spot metal prices, not coinage.
Monex.com
Gold
$1,935.00
-25.00
Silver
$25.18
-0.59
Platinum
$997.00
-13.00
Palladium
$2,252.00
-108.00
as far coinage
Gold Buffalos at Monex.
Monex Current Prices
Spot Bid Ask
$1,935.00 $1,967.70 $2,043.90
Atlas Preferred Prices
$1,935.00 $1,969.70 $2,029.70*
* Atlas Preferred and/or Standard Ask pricing is not available due to industry shortages.
Updated on 3/28/2022 at 14:48 PM
-
Uh Oh.... I said that since Silver went up, I wasn't going to buy any more. I may have to eat my words. This sudden dip to $22.55 oz. is giving me second thoughts. I called the local Silver dealer today and forgot that he is closed on Mondays. Damn!! Now I have to wait until tomorrow and just hope the price is still in the $22 range. If is goes back up before I can buy some, I'll just go back to my "No Buy" position. The world's economic situation and the threat of Digital Currency looming, is forcing me to get serious about buying more precious metals. I'll use the Digital system but I will not use it when I want to buy something that I don't want Big Brother to know about.
-
SILVER UPDATE. The Silver gurus have been saying that Silver will drop way down and then take off like a rocket. I follow the price chart every day and today my local dealer got a shipment of rounds and the spot price was about $2.41 oz. plus a $6 premium. The Silver gurus pretty much were saying here's the price if you can find somebody dumb enough to sell you any. I threw caution to the wind and bought all I felt that I could afford and still be left with some cash on hand. This collapsing economy is starting to get very serious. My parents grew up during the Great Depression and told me all about what happened to the masses that were not prepared for it. I don't plan to be one of the unprepared. :facepalm:
-
Wow! I was just reading my last post about Silver and I saw a HUGE MISTAKE in what I wrote. I somehow wrote $2.41 oz and it should have been more like $20.41 or $21.41. Anyway, that's not what I want to write about right now. I just looked at the Spot price of Silver and it was about $18.81+- oz. Here I am, on my birthday, ready to buy all the Silver that I can get and my Silver dealer is out on vacation until August.
-
Wow! I was just reading my last post about Silver and I saw a HUGE MISTAKE in what I wrote. I somehow wrote $2.41 oz and it should have been more like $20.41 or $21.41. Anyway, that's not what I want to write about right now. I just looked at the Spot price of Silver and it was about $18.81+- oz. Here I am, on my birthday, ready to buy all the Silver that I can get and my Silver dealer is out on vacation until August.
Lol. So what's plan B?
-
Plan B: My sister's husband recently passed away and he had been a coin collector all his life. His collection of Proof and Mint sets is masssive. He also had a bunch of Constitutional Silver(90%) also called Junk Silver. My sister wants to sell the massive collection and I told her that that I would love to buy anything that she has that is marked 999 fine and that I'd love to buy any of the coins that are pre 1964 because they are 90% Silver. I told her that I'd be willing to pay Spot price for the 999 stuff and 90% of spot for the Junk Silver. I put her onto the Coinshop that I buy my Silver from because I think the guy is not a crook and would tell her what the proper values are for the Proof Sets and Mint Sets are and that he probably would want to buy some or all of it. She is in the same boat that I'm in. She will have to wait until he comes back from vacation in August. :popcorn:
-
I would be interested if you were to broker a deal for some of the junk silver.
Nemo
-
I would also be interested in some junk silver. Keep me in mind.
-
I was neglecting watching the metals prices. I looked a bit ago (after wife asked me about it) and was shocked. I might have to go looking for some.
Nemo
As of a couple minutes ago.
https://www.monex.com/gold-prices/ (https://www.monex.com/gold-prices/)
from banner headline
Gold $1,720.00 -9.00
Silver $18.44 -0.17
Platinum $885.00 +5.00
Palladium $1,925.00 -41.00
-
PM's are constricting and I can only assume that someone are dumping PM's. Who I wonder.
-
And as the dollar is supposedly getting stronger, price of PM's decreases in dollars.
-
Keep in kind that BRICS is making their move now to upstage the dollar.
I read somewhere, (to lazy to find it and share) that the only thing that came out of PoopyPants visit to the Emirates was to be told that the US Petro Dollar will not be accepted anymore.
-
Uh Oh..... In my last post, I mentioned that I wasn't sure if I was going to buy any more Silver. Damn!!! I just watched a Video that was posted by a fellow that sells massive orders of Silver and Gold. OK, before I go any farther, I'll just say that the people who know how to make money always say that you should watch what the rich people do and then do the same thing that they do. Anyway, this dealer said that a woman just ordered $50,000,000 in Gold and Silver. She was more specific than I would have been but everybody has their own tastes. She wanted Junk Silver, Silver Eagles, and pre 1933 Gold. Well, she paid a much higher price and premium for the Silver Eagles than she would have for generic Silver or Bullion. I'm not sure that was the best move because as far as I'm concerned, Silver is Silver and I don't care if its a particular piece. I guess that I'm back in the buyers line and will continue to buy more. I already knew that the BIG BANKS have been buying a ton of Physical Gold and Silver but this has now moved into the ranks of the ultra rich folks getting in on it. That is a huge signal to me that they know something and are starting to protect themselves. Even though I told my sister not to sell her Silver, she still wants to move it. I'll be carrying her a price sheet of bids for all the proof sets to date. I'm not at all interested in the Proof sets or Mint sets. While I'm visiting her, I'll buy whatever 999 fine Silver that she wants to sell me.
-
Just my take on part of what you said PK. I'm just not sold on the "silver is silver" idea. If I'm going to take silver in trade I'm going to be looking for eagles, maple leafs, Britannicas and philharmonics. Junk silver too. I'm not going to be looking at an XYZ mint, because because they are unknowns to me, while I'm going to be pretty sure of US, Canada, UK, and Austrian government mints. I dont have a fisch to test silver coins to determine purity, so I'll probably do the ice or bleach method if I take something I find questionable. There undoubtably already are counterfeits out there, but at least if I stick to the established national mints I'll be able to compare to pre-SHTF pieces.
-
the ice or bleach method
Details on those please.
Nemo
-
Yea, Nemo, I was wondering about that also. I use the magnet slide test and I weigh every piece I buy. Also, I only buy from one very reputable place. I know that Silver has a temperature conductivity property but the Bleach thing is something I know nothing about. :what:
-
Ice Test
This is an easy and inexpensive test to do- all you need is an ice cube.
Silver is a good thermal conductor. So if you put an ice cube on top of your silver item, then the ice cube will start to melt quickly. An ice cube placed on silver will melt quicker than on iron and a little quicker than on copper.
The easiest way to conduct this test is to place a real silver coin and a potentially fake silver coin side by side. Put an ice cube on each coin and then check to see how quickly each ice cube melts.
https://www.silverrecyclers.com/blog/how-to-test-silver.aspx (https://www.silverrecyclers.com/blog/how-to-test-silver.aspx)
Bleach causes silver to tarnish. Don't use this on any jewelry or silverware unless you have a way to clean it rapidly
https://www.youtube.com/watch?v=KJl7QmTMoI8 (https://www.youtube.com/watch?v=KJl7QmTMoI8)
https://www.youtube.com/watch?v=EX975cDOPlQ (https://www.youtube.com/watch?v=EX975cDOPlQ)
-
Well, as of 2 AM on 10/4/2022, Silver jumped from about $19 to $20.89 in a day and a half. I think they'll slam it one more time but then lose control and it will take off like I've been hoping. I'm seeing a ton of posts about economys all over the world going nuts. I truely think this a Red Fox moment. "This is the big one".
-
Well, I've been expecting Silver to make its big move but the Silver market seems to have gotten a bit constipated. The last couple of days have started to look pretty good. As of right now its Spot Price is about $23.30 an ounce. From what I've seen lately, people are getting pretty nervous about the economic situation and they are running to Physical Silver and Gold. A lot of dealers are either running out or having to wait a long time for their orders to come in. Meanwhile, back at the ranch, I'm just sitting here waiting for the explosion. :cowboy:
-
Gold was up to $2010/oz earlier today
-
Grizz, second time since the SVB failure.
Tom Luongo over at Gold, Goats & Guns along with Martin Armstrong predicts the the new Gold ceiling in the next 30-days will be $2,100- an oz. They also feel that we will see a few more bank failures in the next 30-days which will fuel the gold rise.
Bottom-line, banks have made 3 and 5-year business plans on Fed interest rates at or under 3%. They are coming up short paying back the Fed with interest rates north of 6%. That is why the Fed only raised the rate by 25 Bpnts this past week.
Really, simple...If the Fed raises interest rates to pull money out of the economy to help lower inflation, more banks will fail. To not raise interest rates, inflation will continue north. There is a silver bullet if the politicians in D.C. go along and that is freezing the Federal Budget at lets say 2020 levels, and then hold it there for 5-years or so. Reducing it by 2-3% a year would even be better but you know that will never happen.
Stay tuned,
:popcorn:
-
Well, I've been waiting and waiting and waiting and waiting for Silver to move up and every time it moves up, the BIG BOYS(Banks) slam it right back down. Now, that BRICS is firing up and lots of other countries are trying to join, things are getting serious. BRICS says it will be backing its currency with Gold and Silver. That completely changes the game. Now with all the bank failures, I think the rising Gold and Silver prices will continue to rise, with slight ups and downs, until Silver actually reaches a figure that is close to its true value. People are starting to get scared and are rushing to Coin dealers to buy Silver and there just isn't any to be had. I've been into Geology since my mid 20's and have known for a long time that there is a 9 to 1 ratio of Silver to Gold in the Earth. Silver should be selling for around 10% of what Gold sells for. Hmmmm..... Gold is at $2000 an ounce. Why isn't Silver at $200 an ounce? Actually,. Silver should be even higher since it gets used up in Industrial applications like solar panels, etc. When things get really bad, you'll be able to ask whatever price you want for your Silver. No matter what anybody tells you, you should just remember that 10 to 1 ratio and use that as a minimum.
-
Silver manipulation. I actually believe silver will be worth more than gold when all is revealed. I think they are still finding gold mines but zilch on new silver mines.
-
Well...... I couldn't stand it any longer. I bought some more Physical Rounds today. I've been waiting for the BIG BOYS to slam the price of Silver way down and then run in and buy all the Physical Silver they can get their hands on but its been hovering around $24 an ounce for too long. I think that's about as low as its going to go. Now, I'll have to wait a bit and see if it goes to the moon in the next few months. When I went into the dealers shop today, I showed him my free App on my phone called PINGCOIN. I've been using the weight and sliding magnet test in the past but the PINGCOIN app tells you by the sound it makes if its real or not. I got him to pull out a Kangaroo and a Buffalo round and plugged in the Kangaroo first and held the kangaroo between my thumb and middle finger nails and thumped it and the thing said "AUTHENTIC". Then I set it up for the buffalo and did the same thing and it said "AUTHENTIC". He was so impressed that he wrote the name of the APP down so he could download it and use it in his shop. It sure beats the Hell out of paying a couple of thousand bucks for a Gold and Silver detection machine.
-
I forgot to mention that while I was at the Coin Dealer, I asked him if Silver was getting harder to get. He said it was really difficult to get right now.
-
Well, I figured I had about all the Silver I needed and then "WHAM" they slammed the price down about $1 per ounce. Yep, I grabbed a bunch of money and took off to the coin shop. They made me buy some more. I didn't want to do it but when they slam the price down when you know it's going to spike up, you just have to do what you have to do. :popcorn:
-
Wow! They are still trying to keep Silver cheap. I couldn't stand it. I thought last week's buy was going to be it but today the price was still reasonable, so I went in to buy some more. Big surprise. My dealer has dropped his premium from $6 an ounce to $5 an ounce. I told the coin guy that I wanted mostly Buffalos or Maple Leafs and he fixed me right up. I know that I could order Silver from some dealers that I don't know and get a better premium price but so far, I've tested every piece that I've bought from my local guy and every ounce turned out to be legit. I have a bad case of "Fear Of Missing Out" so I've been a little drastic in my purchases because I think Silver is about to explode and I won't be able to afford it when that happens.
-
Thx for the update :thumbsUp:
-
Well, I did it again..... With the recent dip in price, I stopped in and bought a bit more Silver Buffalo Rounds. I keep telling myself that I have enough, but we all know that we can never have enough.
-
Well, I did it again..... With the recent dip in price, I stopped in and bought a bit more Silver Buffalo Rounds. I keep telling myself that I have enough, but we all know that we can never have enough.
Do you buy online or in person from a local store?
-
What the Hell just happened? At exactly 2 PM today, Silver's Spot Price jumped from $22.60 to $23.60 in about 10 minutes. I've been looking for some kind of massive world event that might have caused that to happen. I've seen a $1 jump before, but it took all day. This 10-minute jump is unheard of. :what:
-
Manipulation by .gov maybe?
Again something may be in the air as next week comes up where some folks are predicting panic cycle in the EU market.
-
Seems some out there are encouraging silver purchasing.
Nemo
https://www.msn.com/en-us/money/savingandinvesting/these-are-the-4-best-silver-coin-types-to-buy-in-order-to-turn-a-profit/ar-BB1hiHuV (https://www.msn.com/en-us/money/savingandinvesting/these-are-the-4-best-silver-coin-types-to-buy-in-order-to-turn-a-profit/ar-BB1hiHuV)