The issue here is when are silver users going to realize the SLV and all paper silver can't hold its value as physical stocks are run down and more and more production is diverted to fabricated metal for investors. Once silver users come to believe that the shorts can be broken there will be a buying panic possibly of biblical proportions.
As I get older I take a longer and longer term perspective. It will probably be best to sell into a buying panic because eventually silver will be worth less than then. Right now it probably doesn't matter if you bought at $8, $18, or $28 there should be plenty of "play" left. But in the long term (before young people retire) silver will likely make silver bought at $28 look unattractive. The price will be far higher then but its buying power won't be far higher and the opportunity costs will be excessive.
Keep a little silver for the long term and keep your calamity insurance in gold. If you lose all your money in gold it will be a good thing so don't buy a lot.
@Jimnight said:
Yep ... can't build solar panels without a lot of silver.
Solar panels are still highly inefficient and there's a good chance that any improvement will involve silver.
Silver is the best investment in the ingenuity of man. Of course there's something to be said for tin and any kind of market that isn't being manipulated.
You can just deduce what the manipulators are doing and get in on that side but then you could have been wiped out by being short palladium or rhodium too. If the shenanigans take down the bond market you'll be glad you had a little gold because everything else, including silver, will tank.
Well one of the shops I do business with was all out of silver. I inquired if he was paying more than spot, and he was, as it is moving fast and he is getting calls everyday for it still. So gathered up most of my 10 oz and 1 ounce bars, plus some 1 ounce rounds gov and non gov and moved them at spot +2. Helped him get stock and I felt it was a very fair price for me, plus keeps the relationship strong.
Another dealer had some stock the other week, but was looking for spot +$6-8.
So physical silver does still seem to be very popular.
I did keep my old amark and engelhard bars, though.
All USA made electronics (except the TV). Krell, Berkeley, VPI, Nordost, Velodyne, PS Audio, Furman, and ceramic mounted mid-range speakers with ribbon tweeter line source towers. Very detailed, realistic sound.
So with this near $1 drop today in silver, down to $26.58 spot as I type, does this make physical silver more or less available, and how is the premium affected?
I see the spread, bid/ask, is back to about 10 cents on Kitco. It spiked way higher last price increase event. I can't see anyone rational selling much physical at below $27/oz. to a local shop, but I don't have one to know.
I think this drop is a timing and stimulus issue. End of Feb. monetary strangeness including the bond interest rate spike blip, but in two weeks almost $2 Trillion will show up being passed, which should provide the liquidity to make silver move up a lot. Seems like a good buying opportunity to me.
Thanks, USA. I have been into stereos as long as I have been collecting coins. At this point, about 50 years. This one is a bit better than the one I was so proud of in College that the entire dorm was familiar with. LOL
Is anyone else wondering where all this silver is coming from?
If next-to-nothing levels were pulled out of the ground last year, then where are all the 2020 and 2021 bars and rounds coming from?
Because it seems that's really all that's for sale. A few tubes of other stuff here and there, but largely fresh minted rounds and bars.
The govt showed us last year it can hide metals shortages and drape the whole thing in propaganda and call it a day. So I don't see why they couldn't do the same with silver. Heck, even people here were laughing at me about a brass shortage that ended up being very real. But they know more about coins so who am I, right..
COMEX is falling apart. Coin shops are out of stock. Even the chill parts of the internet with good deals are all gone. Miners are pulling nothing out of the ground. Silver eagles have never been more popular. Where's all this silver coming from? How on earth can anyone believe for a second that these assets exist?
We don't need a Bretton Woods moment. We need a July 14, 1789 moment.
Silver is so plentiful they don't really even mine for it. Most is just a byproduct of mining for copper. Not sure what shortage you are speaking of, there is plenty available. More than you, I, or any other gutter stacker could even dream of purchasing. THKS!
Concerning the silver supply, we conclude as follows: The silver production is expected to go through a peak in the 2030s (Table 13 and Fig. 14, Fig. 15, Fig. 16), and because of the rapid use and the very limited amount of silver available, future silver supply to industry is soon at risk (2075).
The model suggests a slow increase in silver price in the future, however supply will have an increasing fraction from recycling; all silver will have to come from recycling in 2140. Policy has some instruments for promoting and increasing recycling further, beyond what price alone can do, such as has been the case with aluminum in recent times (Ciacci et al., 2013). Examples are a deposit on silver used in items, penalty on losses and public campaigns to increase attention to collection and recycling. Without interventions, the price will rise until recycling reaches levels to satisfy the demand, however, that may occur at a late point in time where a lot of silver has been already wasted.
Concerning the silver supply, we conclude as follows: The silver production is expected to go through a peak in the 2030s (Table 13 and Fig. 14, Fig. 15, Fig. 16), and because of the rapid use and the very limited amount of silver available, future silver supply to industry is soon at risk 2075
all silver will have to come from recycling in 2140. Policy has some instruments for promoting and increasing recycling further, beyond what price alone can do, such as has been the case with aluminum in recent times (Ciacci et al., 2013). Examples are a deposit on silver used in items, penalty on losses and public campaigns to increase attention to collection and recycling. Without interventions, the price will rise until recycling reaches levels to satisfy the demand, however, that may occur at a late point in time where a lot of silver has been already wasted.
TL;DR - KEEP STACKIN THE SHINY FOOL!
So were all gonna be rich in 55 years!
And super rich in 120 years!
YES!
Okay, I'll 2 cents this one. Hello to all the long-timers, I've been busy with life and don't check in much. I did today because it wasn't silver I couldn't find, It was gold, mainly 1oz bars. I've been scrapping off a little BTC lately and the places that take crypto are dry. The good news is that they are staying at spot plus 2-3%. Then I noticed the silver premiums and about fell over. Then I checked the charts and saw that it looks like the same song we've heard before.
Speaking of which, Zepplin was my favorite band. Till I found out they didn't write most of the music. But they put a great spin on it though. Then I went to see The Wall in 80-81 and my world changed as far as musicianal talents go.
Strangle enough I've got Acapulco Gold sitting in my shatter rotisserie right now. It's a sativa all the way with an earthy mango undertone if I recall. Definitely a do all your projects then find a vending machine to molest kind of experience on that one.
Has anyone been following silver premiums over spot on ebay? It seems like they are coming down to reasonable levels, at least for patient buyers of small quantities. I’ve seen some “junk silver” go for 19x face, including shipping.
@66Tbird said:
Okay, I'll 2 cents this one. Hello to all the long-timers, I've been busy with life and don't check in much. I did today because it wasn't silver I couldn't find, It was gold, mainly 1oz bars. I've been scrapping off a little BTC lately and the places that take crypto are dry. The good news is that they are staying at spot plus 2-3%. Then I noticed the silver premiums and about fell over. Then I checked the charts and saw that it looks like the same song we've heard before.
Speaking of which, Zepplin was my favorite band. Till I found out they didn't write most of the music. But they put a great spin on it though. Then I went to see The Wall in 80-81 and my world changed as far as musicianal talents go.
Strangle enough I've got Acapulco Gold sitting in my shatter rotisserie right now. It's a sativa all the way with an earthy mango undertone if I recall. Definitely a do all your projects then find a vending machine to molest kind of experience on that one.
tbird, welcome back! That's a funny post. I have learned not to have a certain favorite, we change a little over time. Now I just have favorites. Watching the wall movie was a life changing/bizarre experience. It stinks that Watters and Gilmour could never work out their differences. To change things up I hated that the Grammy's short changed Eddie Van Halen. He should have got a much bigger tribute!
Enjoy the smoke, don't gain too much weight...lol
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
@Higashiyama said:
Has anyone been following silver premiums over spot on ebay? It seems like they are coming down to reasonable levels, at least for patient buyers of small quantities. I’ve seen some “junk silver” go for 19x face, including shipping.
ASE ebay prices are holding at $35+. With spot now lower this means ASE premiums have actually risen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Has anyone been following silver premiums over spot on ebay? It seems like they are coming down to reasonable levels, at least for patient buyers of small quantities. I’ve seen some “junk silver” go for 19x face, including shipping.
At the current Kitco spot price, 19x face looks to be about 8%, which is alot better than recently, but typically 90% usually doesn't command that high of a premium. I think that the market is in transition towards higher prices for silver, so an 8% premium doesn't seem to outrageous to me. I wouldn't hesitate to buy if my portfolio mix and cash position was ripe for a purchase.
Q: Are You Printing Money? Bernanke: Not Literally
So did the Comex implode? After the big raid it appears just south of $25 is fair value. What about another #Stimmy? Is that on the horizon? I need some more extra dollars to buy things!? Looks like the APES are busy buying $7 premium gutter. Crazy world!!!
Comments
Yet 😉
Liberty: Parent of Science & Industry
I have one better! I won't answer my wife if stairway or comfortably numb is on!
The issue here is when are silver users going to realize the SLV and all paper silver can't hold its value as physical stocks are run down and more and more production is diverted to fabricated metal for investors. Once silver users come to believe that the shorts can be broken there will be a buying panic possibly of biblical proportions.
As I get older I take a longer and longer term perspective. It will probably be best to sell into a buying panic because eventually silver will be worth less than then. Right now it probably doesn't matter if you bought at $8, $18, or $28 there should be plenty of "play" left. But in the long term (before young people retire) silver will likely make silver bought at $28 look unattractive. The price will be far higher then but its buying power won't be far higher and the opportunity costs will be excessive.
Keep a little silver for the long term and keep your calamity insurance in gold. If you lose all your money in gold it will be a good thing so don't buy a lot.
Solar panels are still highly inefficient and there's a good chance that any improvement will involve silver.
Silver is the best investment in the ingenuity of man. Of course there's something to be said for tin and any kind of market that isn't being manipulated.
You can just deduce what the manipulators are doing and get in on that side but then you could have been wiped out by being short palladium or rhodium too. If the shenanigans take down the bond market you'll be glad you had a little gold because everything else, including silver, will tank.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
McIntosh anyone?
Well one of the shops I do business with was all out of silver. I inquired if he was paying more than spot, and he was, as it is moving fast and he is getting calls everyday for it still. So gathered up most of my 10 oz and 1 ounce bars, plus some 1 ounce rounds gov and non gov and moved them at spot +2. Helped him get stock and I felt it was a very fair price for me, plus keeps the relationship strong.
Another dealer had some stock the other week, but was looking for spot +$6-8.
So physical silver does still seem to be very popular.
I did keep my old amark and engelhard bars, though.
How about.... a pocket full of gold - Acapulco Gold
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck
Silver threads and golden needles: Linda Ronstadt and the Eagles
My US Mint Commemorative Medal Set
Robert Plant said that and yes I remember Acupulco gold.
Krell is always nice! BTW is that your system?
A little bit of fun.
All USA made electronics (except the TV). Krell, Berkeley, VPI, Nordost, Velodyne, PS Audio, Furman, and ceramic mounted mid-range speakers with ribbon tweeter line source towers. Very detailed, realistic sound.
My US Mint Commemorative Medal Set
Audio components from the USA are still top end stuff, but video died a long time ago.
So with this near $1 drop today in silver, down to $26.58 spot as I type, does this make physical silver more or less available, and how is the premium affected?
I see the spread, bid/ask, is back to about 10 cents on Kitco. It spiked way higher last price increase event. I can't see anyone rational selling much physical at below $27/oz. to a local shop, but I don't have one to know.
I think this drop is a timing and stimulus issue. End of Feb. monetary strangeness including the bond interest rate spike blip, but in two weeks almost $2 Trillion will show up being passed, which should provide the liquidity to make silver move up a lot. Seems like a good buying opportunity to me.
My US Mint Commemorative Medal Set
Either way bad ass stereo; I thought I was the only one into stereos...
Thanks, USA. I have been into stereos as long as I have been collecting coins. At this point, about 50 years. This one is a bit better than the one I was so proud of in College that the entire dorm was familiar with. LOL
My US Mint Commemorative Medal Set
10 year up, vaccine comint to the rescue, companies going to run, inflation coming soon, gold climbing high. oh, wait.
Think 1984. Everything seems the opposite of logic, but all is going as planned.
My US Mint Commemorative Medal Set
Just remember, buy high and sell low. That's what the good sheep do. RLLN!
The whole worlds off its rocker, buy Gold™.
Spot price dipped below $26.50 Friday. My trigger to re-enter paper Silver.
Loves me some shiny!
Is anyone else wondering where all this silver is coming from?
If next-to-nothing levels were pulled out of the ground last year, then where are all the 2020 and 2021 bars and rounds coming from?
Because it seems that's really all that's for sale. A few tubes of other stuff here and there, but largely fresh minted rounds and bars.
The govt showed us last year it can hide metals shortages and drape the whole thing in propaganda and call it a day. So I don't see why they couldn't do the same with silver. Heck, even people here were laughing at me about a brass shortage that ended up being very real. But they know more about coins so who am I, right..
COMEX is falling apart. Coin shops are out of stock. Even the chill parts of the internet with good deals are all gone. Miners are pulling nothing out of the ground. Silver eagles have never been more popular. Where's all this silver coming from? How on earth can anyone believe for a second that these assets exist?
We don't need a Bretton Woods moment. We need a July 14, 1789 moment.
Silver is so plentiful they don't really even mine for it. Most is just a byproduct of mining for copper. Not sure what shortage you are speaking of, there is plenty available. More than you, I, or any other gutter stacker could even dream of purchasing. THKS!
The whole worlds off its rocker, buy Gold™.
https://www.statista.com/statistics/253293/global-gold-production-since-2005/#:~:text=The estimated global production of,amounted to 25,000 metric tons.&text=The three leading silver producing,China produced 110.7 million ounces.
https://www.kitco.com/news/2021-02-08/Global-silver-output-dropped-by-6-in-2020-report.html
Knowledge is the enemy of fear
Thanks cohodk for the links clarifying the "so called silver shortage."
Let me post this in honor of our neighbor to the south and their roughly 200 million ounces per year of silver production:
I've always thoughts these 10 % silver coins were entertaining.
Garage system
A toothbrush, a cigarette lighter and a Pat Benatar CD. I don’t know what to say...
Yikes, some cheap Googling going on in these parts!
Anyone interested in real scientific studies that use known data , unpublished data and trusted modeling base on scientific method and peer reviewed?
https://www.sciencedirect.com/science/article/pii/S0921344913002747#tbl0030
Concerning the silver supply, we conclude as follows: The silver production is expected to go through a peak in the 2030s (Table 13 and Fig. 14, Fig. 15, Fig. 16), and because of the rapid use and the very limited amount of silver available, future silver supply to industry is soon at risk (2075).
The model suggests a slow increase in silver price in the future, however supply will have an increasing fraction from recycling; all silver will have to come from recycling in 2140. Policy has some instruments for promoting and increasing recycling further, beyond what price alone can do, such as has been the case with aluminum in recent times (Ciacci et al., 2013). Examples are a deposit on silver used in items, penalty on losses and public campaigns to increase attention to collection and recycling. Without interventions, the price will rise until recycling reaches levels to satisfy the demand, however, that may occur at a late point in time where a lot of silver has been already wasted.
TL;DR - KEEP STACKIN THE SHINY FOOL!
Loves me some shiny!
Those "in the know", told me way back in the 1970s that we were going to run out of oil by 2000.
So according to your link we run out of silver in the year 2140?? Ohhh. Ahhhh.
The model suggests a slow increase in silver price in the future
A slow increase in price? Are we excited yet?
Knowledge is the enemy of fear
Thread should of been titled "pretty much all my silver profits are gone". The gutter always disappoints. Happy Friday!
The whole worlds off its rocker, buy Gold™.
Cool stereo maybe
So were all gonna be rich in 55 years!
And super rich in 120 years!
YES!
So were all gonna be rich in 55 years!
And super rich in 120 years!
YES!
Not all of us! I don't stack silver and never will.
Peak silver....
Here's a warning parable for coin collectors...
I should live that long
Premiums at the big online dealers on 90% are through the roof
My local shop price for SAE's was $35 yesterday. $8 something over spot at the time... :
Click on this link to see my ebay listings.
HODL!
The whole worlds off its rocker, buy Gold™.
Is that a selfie taken in your basement?
Wish I could take credit. Home Depot Aisle 9?
The whole worlds off its rocker, buy Gold™.
Okay, I'll 2 cents this one. Hello to all the long-timers, I've been busy with life and don't check in much. I did today because it wasn't silver I couldn't find, It was gold, mainly 1oz bars. I've been scrapping off a little BTC lately and the places that take crypto are dry. The good news is that they are staying at spot plus 2-3%. Then I noticed the silver premiums and about fell over. Then I checked the charts and saw that it looks like the same song we've heard before.
Speaking of which, Zepplin was my favorite band. Till I found out they didn't write most of the music. But they put a great spin on it though. Then I went to see The Wall in 80-81 and my world changed as far as musicianal talents go.
Strangle enough I've got Acapulco Gold sitting in my shatter rotisserie right now. It's a sativa all the way with an earthy mango undertone if I recall. Definitely a do all your projects then find a vending machine to molest kind of experience on that one.
Spot price dipped below $26.50 Friday. My trigger to re-enter paper Silver.
The pitfalls of paper silver. I hope you didn't get burned.
I knew it would happen.
Has anyone been following silver premiums over spot on ebay? It seems like they are coming down to reasonable levels, at least for patient buyers of small quantities. I’ve seen some “junk silver” go for 19x face, including shipping.
tbird, welcome back! That's a funny post. I have learned not to have a certain favorite, we change a little over time. Now I just have favorites. Watching the wall movie was a life changing/bizarre experience. It stinks that Watters and Gilmour could never work out their differences. To change things up I hated that the Grammy's short changed Eddie Van Halen. He should have got a much bigger tribute!
Enjoy the smoke, don't gain too much weight...lol
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Acapulco Gold
1977 called and wants its weak strain back.
"They're smuggling it in the surfboard!"
Loves me some shiny!
ASE ebay prices are holding at $35+. With spot now lower this means ASE premiums have actually risen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
wrong forum
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Has anyone been following silver premiums over spot on ebay? It seems like they are coming down to reasonable levels, at least for patient buyers of small quantities. I’ve seen some “junk silver” go for 19x face, including shipping.
At the current Kitco spot price, 19x face looks to be about 8%, which is alot better than recently, but typically 90% usually doesn't command that high of a premium. I think that the market is in transition towards higher prices for silver, so an 8% premium doesn't seem to outrageous to me. I wouldn't hesitate to buy if my portfolio mix and cash position was ripe for a purchase.
I knew it would happen.
So did the Comex implode? After the big raid it appears just south of $25 is fair value. What about another #Stimmy? Is that on the horizon? I need some more extra dollars to buy things!? Looks like the APES are busy buying $7 premium gutter. Crazy world!!!
The whole worlds off its rocker, buy Gold™.
Crazy indeed....dealer offers me $30 per for ASE’s.
He can turn and burn at $34, minimum.