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Hesitant to buy more silver at these extreme premiums?

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  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    edited April 17, 2021 2:29PM

    @cohodk said:

    @derryb said:
    Who do I talk to about getting paid? I should get a least half of coho's check.

    Yes you should.

    And you should get half the credit for valuable insight. LOL> @cohodk said:

    "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

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:
    Who do I talk to about getting paid? I should get a least half of coho's check.

    Yes you should.

    And you should get half the credit for valuable insight. LOL

    Verily!!

    And can you believe kids these days?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:
    Who do I talk to about getting paid? I should get a least half of coho's check.

    Yes you should.

    And you should get half the credit for valuable insight. LOL

    And.maybe we both do on both accounts.

    Oh boy....that will make him think.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭

    @cohodk said:

    @derryb said:

    @cohodk said:

    @derryb said:
    Who do I talk to about getting paid? I should get a least half of coho's check.

    Yes you should.

    And you should get half the credit for valuable insight. LOL

    Verily!!

    My bad. I meant to say you should get half the credit for MY valuable insight.

    "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

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    edited April 17, 2021 2:38PM

    @derryb said:

    @cohodk said:

    @derryb said:

    @cohodk said:

    @derryb said:
    Who do I talk to about getting paid? I should get a least half of coho's check.

    Yes you should.

    And you should get half the credit for valuable insight. LOL

    Verily!!

    My bad. I meant to say you should get half the credit for MY valuable insight.

    Indeed. We both get nothing. ;)

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭
  • MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭

    @Higashiyama said:
    As I’ve said before, if you want 5000 ounces, you can buy it at spot.

    Perhaps we have become spoiled by prior low premiums over spot on tiny units like one ounce or ten ounces or even 100 ounces.

    Try going to your gas station and offering spot for gas. Or perhaps try buying 5 pounds of wheat for spot at a farmer’s market.

    5000 ounces is 10 monster boxes of generic silver Buffalo rounds that some unknowing person would pay $1 over at retail.

    It was only 1 year 4 months ago or before that premiums were such.

    A deal on eBay for a roll of ase used to be $2.50 over.

    It is realistic to expect to buy 1,000 ounces to 5,000 ounces in round form for $1-$2.50 over

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭

    @Higashiyama said:
    @derryb asked: “ Historically the current spot/premium spread is not normal. What is it telling us?”

    Possibly that there are many people with moderate incomes/assets trying to use
    silver as a means of diversifying into tangible assets. Producers are either having trouble fabricating enough smaller coins/bars or perhaps are finding that the consumer is not especially price sensitive, and are not motivated to compete on price, at the moment.

    Here’s a basic question (to which I don’t know the answer): what is the fabrication cost per ounce of an ASE, assuming the starting point is 1000 ounces bars, and everyone along the line after that breaks even? Ignore distribution costs—assume simply that the 1000 ounce bars are turned into coins and left at a secure warehouse.

    The mint charges the APs $2.35 per
    As mentioned above rounds once could be had for $1 over or better; ASW $2.50 at minimum (promo tho, true)

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭

    I’m controlling 0 minds in this tiny forum. Unfortunately that includes me.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • thefinnthefinn Posts: 2,656 ✭✭✭✭✭

    @jmski52 said:
    They say 5% of the US population believes as you do. In my travels and discussions with others i believe that number is higher. In any case, 5% is about 17 million people.

    You are off by a factor of, oh gee, let me think....................1000% if my math is correct. You are discredited in my book.

    The latest Rasmussen Reports national telephone and online survey finds that just 29% of Likely U.S. Voters say laws requiring photo identification at the polls discriminate against some voters. Sixty-two percent (62%) say voter ID laws don’t discriminate. (To see survey question wording, click here.)

    A majority (51%) of voters believe it is likely that cheating affected the outcome of the 2020 presidential election, including 35% who say it’s Very Likely cheating affected the election.

    Cheating. as in "watch the video and judge for yourself".

    What about forcing people to show a government issued ID to board a plane?

    thefinn
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