With hot inflation coming is now the time to stock up on PMs?
MKUltra24
Posts: 652 ✭✭✭✭
What do you guys think?
1
MKUltra24
Posts: 652 ✭✭✭✭
Comments
Nope, not at current premiums. You'd be better off stacking butter and beans (and maybe 2x4's).
But if silver is say $28/oz and premiums are ridiculously high at $5/oz does it matter if it’s expected to rise to $40/oz?
do not stack with high premiums as those premiums could disappear
play SLV or PSLV online
I mean if you want to be underwater for the next 10-12 years like some of the conspiracy crew around here go ahead. Couldn't imagine it will be much fun though. Good luck!
Just a question. I don’t want to buy anything without being informed.
No one here knows. No one anywhere knows.
You make the decision based on your information, motivation and drive.
Careful about letting other people get you down.
Be very cautious about coming here for advice. It’s a fun and entertaining place to visit but just like coin grading, everybody has an opinion.
Either way, it’s only you that has your back.
Good luck and enjoy!
Avoid SLV, PSLV is the one.
"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
I'm a buyer when I can get a low premium, it happens on occasion. Keep in mind that if premium percentages stick, they will not matter to the future of your purchase.
It boils down to what is the future of silver and gold spot prices. You have to decide that based on your own research. My research tells me they are both very under priced.
"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
I just remember a few years ago people were saying $18/oz + $2 premium was way too high and that they were going to wait for $12-$13/oz.
But since then it never happened.
I don’t want to be one of those people with unrealistic expectations.
If $5/oz premium is the new norm it’s better to just accept it.
We each make our bets. There is no guarantee either way.
The reddit boys apparently have no prob with the premiums. Way too high for me now but I've got a couple decades of stack to play with. Gold maybe if I make another buy this year but no dice with silver right now.
There's such a thing as knowing you have enough, and that the best move is to stand pat.
Here's a warning parable for coin collectors...
How do you know when you have enough?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
10K oz is enough unless you can get a deal for more
"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
I keep thinking that at this stage in life I have enough... but I keep looking for more and when a worthwhile bargain comes up I buy some more! lol... guess I'm addicted.
Silver has high premiums. Platinum is volatile/weird.
1 oz gold coins seem to be the way to go. Certified would be a good idea unless you have a Sigma machine available.
For a 1st time out, I'd recommend running it past the experts here before purchasing.
A $2K+ mistake could sour you on coin collecting forever.
My Saint Set
A year or so ago, (May, 2020), silver was around $14 an ounce....now knocking on $28 an ounce.... Which way will it go?? I am not concerned, my stacks are long since profit.
Cheers, RickO
Depending upon the product, premiums are much, much higher
That's a really good question, and one other folks here (we're all so smart and all) may want to weigh in on.
I guess for me, "having enough" means that I've diversified and I've planned well enough to handle the range of future events that I believe are reasonably likely to occur, and that I'm willing to accept the consequences of not being prepared for the other less likely stuff. Sort of a stacker's version of the Serenity Prayer.
Here's a warning parable for coin collectors...
Rather than stock up on PMs, I have been accumulating what I could afford, and holding, over a period of many years. I look at it as insurance. A hedge against inflation. Buy it, stash it somewhere safe, and forget it. You’d be surprised how much you can accumulate gradually over time. Hopefully you will never need it. If you don’t need it, you can always pass it on to your heirs.
Many things are stackable in addition to PMs. I'd say stack on but you already know that. RGDS!!!
Big premium on 2X4s too.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
>
No doubt, what I'm saying.
I was going to build a new shed this Spring. Gonna put it off until prices come back.
No joking....it would have been cheaper to use cabinet grade birch plywood than regular plywood sheathing.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
@Downtown1974 said:
5/8 CDX plywood has it BEAT
ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240
Just remember that premiums exist when you buy, but don’t exist when you sell, especially to a dealer.
premiums do exist when you sell, only not when you sell wholesale to a dealer. And those who bought a year ago and sell today are receiving more premium than they paid.
"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
I see silver hitting $50++ with all the Goverment spending. The high premiums are a "tell" to higher prices in the near future. jmo
Yeah, I'm seeing over $65 for a 4x8 sheet these days
Economist John Williams: Inflation & Implosion
"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
Some quick math. I picked up some timber 6x10 beams for a patio project for around $240 each. They weigh about 280 pounds. We are paying about $1 a pound for lumber. Anyone remember buying chicken for 0.99c a pound?
100% Positive BST transactions
I remember paying .79 each for wall studs when I was a builder.
"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
I'm getting more today then I paid in January.
We only have now. That's as good a time as any.
What would you say are the premiums on retail lumber in terms of the spot pricing for lumber on the comex?
On a relative basis, how do the premiums on lumber compare to the premiums on silver?
I knew it would happen.
While both trade in the futures market, their the premiums both based on supply and demand of physical products.
"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
Inflation or Implosion, painted into a corner and this guy leaves himself an eighteen month window of "what if" prediction. I distrust sooth sayers. I noticed gold and silver rising with the ever increasing stock market. "the fed's painted into a corner" The treasury is printing and the "Fed" is buying bonds. The twelve private banks are buying the bonds that keeps the printing going on. I WONDER does anyone really read this type of drivel?
Marxist behavior, socialism is making a big BIG move on us all. The Fed? The Fed? The Fed will keep interest rates artificially low and I ask you now._ Does anyone see "the monetary repression"?_ That's what holds it together. Once the ship is upright you'll see, you'll see taxes from all of us paying this bill. If it ever comes due.
Then of course regarding this dismal social science I could be completely wrong, but I will never put a time limit on my OPINION. There it is and thank you for reading. PS. Cost push inflation or demand pull inflation? I think COST PUSH
What do you guys think?
I think that owning some physical precious metals is probably (85% confidence level) a real good idea. In the current environment, you really never know what's going to happen next.
I knew it would happen.
I have home and auto insurance. And they don't seem to be paying off.
Stop pricing PMs in fiat USFRNs and price them in commodities like gasoline and food. That is the true measure of the worth of the PMs. A $20 bill has lost a lot of ground to a $20 gold piece, especially since August 15, 1971.
Looks like De-flation has hit The Commonwealth. PS where did the original inflation thread go?
"Anyone remember buying chicken for 0.99c a pound?"
National Chains in the DC Metro Area, still have the "chicken" sales for .99 cents or less per pound. Giant Food, Safeway & Shoppers, just to name a few. Rib Eye, T-bone, Porterhouse & NY Strip Steaks can be had for $5.77 a lb.
Now, is an excellent time to sell & take some money of the table on PM's. We've been through this scenario a number of times over the last 25 years, and guess what? The premiums will come down and the market will loose it's steam. CAVEAT EMPTOR to those that are willing to pay the current premiums. Patience is on your side.
I learned a lot from this thread. The #1 thing I learned was; I knew I should have changed my avatar to this 6 months ago!!
Pension funds are stocking up on houses, outbidding many buyers.
"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
Dammitt, your silver squeeze thread got closed too? In your honor brother, more crazy Apes. lol
Consumer prices jump 5% in May, fastest pace since the summer of 2008
If the CPI for 2021 comes in under 4% we'll know a lot more. In more ways than one.
I'm predicting $28 bags of Cheetos!
So chicken is cheaper by the pound than timber. Wonky times we are in. Put on your helmets.
GLTA
100% Positive BST transactions
I had to look it up. GLTA is Good Luck To All.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire