(Kitco 4/2) Bullion shortage - What to do

RonB

https://www.kitco.com/commentaries/2020-04-02/Bullion-shortage-panic-what-to-do.html

jmski52

I was pondering a monster box a few weeks ago at around $9,000. I'm still pondering it now at around $13,000+.

Instead of buying more silver, I've been careful to keep some cash in the bank, etc. for those times when you really don't know which way things are going to go.

Silver at today's premiums? Maybe a good deal, then again the premiums can always evaporate. We shall see.

derryb

What to do? wait.

bronco2078

@jmski52 said:
I was pondering a monster box a few weeks ago at around $9,000. I'm still pondering it now at around $13,000+.

Instead of buying more silver, I've been careful to keep some cash in the bank, etc. for those times when you really don't know which way things are going to go.

Silver at today's premiums? Maybe a good deal, then again the premiums can always evaporate. We shall see.

No not a good deal , you have a ton of metal already just ignore everything thats going on check back in a month.

jmski52

No, it's not a good deal. It may never be a good deal again, so any purchases now would be a speculation on a speculation.

bronco2078

can't stack premiums

asheland

If I can't personally buy at normal premiums, I'll just hold my cash...

RonB

$50 AGE's, Buffalo's or $20 pre-33's would take up a heck of a lot less real estate..

ricko

I would recommend a 'wait and watch' position.... still a lot to come out of this whole situation. Cheers, RickO

Meltdown

I bought one last roll of generic silver buffalos last week while silver prices were falling. It was all my shop was offering per person at that time. I paid $297 for the tube. Now I'm in a wait and see what the hell happens mode. I'm pretty comfortable with my stash and it was never for the short term planning either way.

mapleman

Bucks just showed up. I found an AGE to nab with them. worked well for me. First buy in a month, scratched a growing cabin fever itch.

JohnnyCache

My Bucks showed up and I invested in vegetable seeds

blitzdude

exactly wait a few weeks. The markets will be flooded with new metal and premiums will be dropping faster than a barrel of WTI crude.

blitzdude

@JohnnyCache said:
My Bucks showed up and I invested in vegetable seeds

Nice, couple of new chainsaw blades for me. May as well start cutting before the summer heats up,

metalmeister

Time to clean out the junk, organize, paint and general fix up stuff. Good luck all. Take Vitamins and herbs and most important AVOID SUGAR. Virus feeds on sugar which is acidic in the body.

My crystal ball is fuzzy with PM's pricing.

GLTA

Higashiyama

@metalmeister said “Time to clean out the junk, organize, paint and general fix up stuff”

Exactly! I’ve been finding plenty to do. Got my power washer out ...

cohodk

Gonna be a lot of yard/garage sales this summer.

Mesh

@cohodk said:
Gonna be a lot of yard/garage sales this summer.

yep and a whole lot of new ebay members, getting ready to sell all their worldly possessions.