dealers -> is it still hard to find silver to sell into the demand?

MsMorrisine

and has the demand started to fade?

jdimmick

yes
I get numerous calls a day looking for silver. Don't have any, nobody coming in selling anything in the way of silver since outbreak. The only thing I have bought has been 1 oz gold, no local buyers at all for it , having to ship it out.

small gold when it comes in, been fairly easy to sell

Jinx86

Calls every day, every ten minutes actually. We have tons of silver, it's all sold already. We off load the semi directly to the shipping department and strip the pallets down and repackage for all the small orders going out. Im tempted to put both eBay stores on Vacation setting and work just phone sales and shipping out packages. Also still doing the normal scrap melting and assay work.

ricko

I am surprised at the demand for silver....I expected it to be more for gold, but I guess the cash crunch for people out of work explains that aspect...of course, the buying as prices escalates is always interesting to watch... Cheers, RickO

derryb

Silver: poor man's gold.

blitzdude

eBay is flooded with silver. The COMEX also has TONS if you want 1000oz bars, more than you could ever possibly afford to buy.

derryb

CME Stops and Issues Report Reveals that Bankers are Hemorrhaging Physical Silver in April

"The gold (or silver) spot price is calculated by averaging the net value of all gold futures contracts traded for the nearest month and is the price that is used to settle all gold derivative contracts and is the price that is normally used by all physical bullion dealers to price their products (although this obviously has not been the case for the past month or so with physical bullion dealer pricing). So if spot prices were higher than future prices then longs typically didn’t ask for physical delivery. However, because physical prices are so much higher than spot and future prices at the current time, the relationship between spot and futures prices has little bearing on the decision of longs to take physical delivery. With much higher real physical prices, and with supply chain disruptions and mine production being shut down entirely in nations (like Ecuador and Peru that I mentioned above), longs are standing for physical delivery."

MsMorrisine

perhaps I should ave asked after there are some re-openings.

I'm thinking things are getting better, but physical silver is not confirming that.

asheland

It's been tough getting in at the store I work at, we've had more gold than anything!

johnny9434

I see high prices in some cases online for silver. It's a bummer to see it

BAJJERFAN

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of $5.75 over for MBs of ASEs and sold em all.

BAJJERFAN

@asheland said:
It's been tough getting in at the store I work at, we've had more gold than anything!

Of course. Gold spot has been roaring up while silver spot is creeping up.

jclovescoins

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

Jinx86

We have been cls> @jclovescoins said:

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

closer to 5-6 over for MB's, and quick sales at 7-9 over.

Thank goodness we have another employee Monday. He was on a 2 week lock down after they had to travel, flights rerouted and just looking out for the rest of the staff. His first day back is moving 1000 oz silver bars around, slight punishment.

jclovescoins

@Jinx86 said:
We have been cls> @jclovescoins said:

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

closer to 5-6 over for MB's, and quick sales at 7-9 over.

Thank goodness we have another employee Monday. He was on a 2 week lock down after they had to travel, flights rerouted and just looking out for the rest of the staff. His first day back is moving 1000 oz silver bars around, slight punishment.

Hi Jason -

Hope all is well. Are you saying 5-6 dollars over or percent over? 6% of spot is only $1.00. Thanks in advance for clarifying.

Jinx86

$$$$, no need for %'s in this market. Solid $$$ over. Which make it easier for me. Im not much of a math guy. I like to stick to me rare coins. Still should have held onto that roll of gold I sold you awhile back. You did well on it, I think I made 1.5% on the flip. I still dont move much for bullion personally, although Im finding it easier than coins at the moment.

BAJJERFAN

@jclovescoins said:

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

yes it was $5.75 over and that was to dealers, not retail. they are paying $3 over. 1 ounce AGEs were going for 5.75% over

ReadyFireAim

My guess is you get rid of your silver 1st when you need money.
Keep the gold until after you eat that can in the back.

BAJJERFAN

@Jinx86 said:
We have been cls> @jclovescoins said:

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

closer to 5-6 over for MB's, and quick sales at 7-9 over.

Thank goodness we have another employee Monday. He was on a 2 week lock down after they had to travel, flights rerouted and just looking out for the rest of the staff. His first day back is moving 1000 oz silver bars around, slight punishment.

Like these 1000 ounce bars?

jclovescoins

Woah nice!!!! Your personal stash?

shorecoll

I think the most I ever saw was 4, of course that was during the Hunt peak, so it was a lot of cash.

blitzdude

l> @BAJJERFAN said:

@Jinx86 said:
We have been cls> @jclovescoins said:

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

closer to 5-6 over for MB's, and quick sales at 7-9 over.

Thank goodness we have another employee Monday. He was on a 2 week lock down after they had to travel, flights rerouted and just looking out for the rest of the staff. His first day back is moving 1000 oz silver bars around, slight punishment.

Like these 1000 ounce bars?

And silver was supposed to be rare the dealer told me. lol

ReadyFireAim

Reminds me of when I brought a 300# anvil home.

I was paranoid someone was going to pull out in front of me.

derryb

Like Pop Tarts, fresh out of the oven.

Jinx86

@BAJJERFAN said:

@Jinx86 said:
We have been cls> @jclovescoins said:

@BAJJERFAN said:

@johnny9434 said:
I see high prices in some cases online for silver. It's a bummer to see it

One AP had dealer pricing of 5.75% over for MBs of ASEs and sold em all.

I don’t think it was 5.75% over for ASEs. No one is selling at that level. Maybe $5.75/oz over is what you meant. Big wholesale dealers are offering more than $4/oz over for ASEs

closer to 5-6 over for MB's, and quick sales at 7-9 over.

Thank goodness we have another employee Monday. He was on a 2 week lock down after they had to travel, flights rerouted and just looking out for the rest of the staff. His first day back is moving 1000 oz silver bars around, slight punishment.

Like these 1000 ounce bars?

It's a love hate thing. One of my favorites was a customer with 62 of those damn bricks in the back of a rental van with a mattress over top of themm he was sleeping on while transporting them to us. He had more then double the recommended weight on that axel. Some how it made the 1200 mile trip.

BAJJERFAN

@jclovescoins said:
Woah nice!!!! Your personal stash?

I wish. Someone on another site is/was selling them.

bronco2078

so who is starting the gofundme page for the poor dealers who are only getting $6 over spot per ounce?

Higashiyama

@BAJJERFAN said “Like these 1000 ounce bars?”

Nice! I’ll volunteer to help move them.

goldrealmoney79

Finding lots of silver online, nothing in store.
Gold is abundant, but with decreased cash flow, im unable to continue buying ounces of gold at this rate.

goldrealmoney79

@bronco2078 said:
so who is starting the gofundme page for the poor dealers who are only getting $6 over spot per ounce?

I wouldn't mind being a precious metals dealer, but i like my shinies too much to part with them. Also with all this money printing I cant help but feel that my money is worthless.

Mike59

27000x $15= $405,000 . That's A lot of silver. BEAUTIFUL PICTURE

BAJJERFAN

@Mike59 said:
27000x $15= $405,000 . That's A lot of silver. BEAUTIFUL PICTURE

I will pass it on to the owner if he still has them.

Jinx86

Dave99B

Cool thread. My biggest issue with silver is it takes up so damn much room. Did I mention it’s heavy too?

Dave

asheland

@Jinx86 said:

I love that room!

topstuf

A room full of silver .....
or...

fivecents

@topstuf said:
A room full of silver .....
or...

Get both!!!

silverman68

@blitzdude said:
eBay is flooded with silver. The COMEX also has TONS if you want 1000oz bars, more than you could ever possibly afford to buy.

There is no shortage of silver or gold. Silver will only rise over $25 if the fraudsters want it to happen.

BAJJERFAN

BAJJERFAN

nm

MsMorrisine