@jmski52 said: After all you sold gold/silver and bought solar panels a year ago.
Yup, I found a way to offset the huge tax liability I had from some gold I bought in 2004 and took advantage of a 30% incentive to buy solar.
Govt welfare.
As are child tax credits, SALT deductions, mortgage interest deductions, 401Ks, Deferred Comp, company provided health insurance and preferential capital gain tax rates.
And for one to condemn then condone is hypocritical.
I wouldn't say you are hypocritical, just selective in your outrage.
@jmski52 said: After all you sold gold/silver and bought solar panels a year ago.
Yup, I found a way to offset the huge tax liability I had from some gold I bought in 2004 and took advantage of a 30% incentive to buy solar.
Govt welfare.
As are child tax credits, SALT deductions, mortgage interest deductions, 401Ks, Deferred Comp, company provided health insurance and preferential capital gain tax rates.
And for one to condemn then condone is hypocritical.
I wouldn't say you are hypocritical, just selective in your outrage.
No outrage. Just calling out the hypocrites.
But...these govt handouts do keep the tax peeps busy.
Contango and backwardation are terms used to define the structure of the forward curve. When a market is in contango, the forward price of a futures contract is higher than the spot price. Conversely, when a market is in backwardation, the forward price of the futures contract is lower than the spot price.
@RedneckHB said:
I think some folk may have warned that the ability to sell could become problematic.
I'm delivering 376 weekend silver ounces to the post office tomorrow. Over 400 last week. No selling problems in my line of sight. The demand for physical is real. This is why prices are climbing over the intermediate term and not dropping. We know central bank demand is driving gold. It's not driving silver but something is and it ain't ETF promises.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I happened to see a posting at another site, saying that part of the reason refiners aren't accepting 90% so much is because of some nitric acid limitations... something about more nitric acid is being currently used in the ordinance field with increased manufacturing of explosives, ammunition, bombs, etc. Not sure I believe that, but who knows? Just passing it on...
More likely is that refiners are doing what is the easiest, and fastest, way to move the product. The .999 type silver requires the very least time and processing, and they can move the product rapidly.
More likely is that refiners are doing what is the easiest, and fastest, way to move the product. The .999 type silver requires the very least time and processing, and they can move the product rapidly.
It appears that refinery demand is being driven by offtake from Comex in the form of 1,000 oz. good delivery bars that is being delivered to who-knows-where? Probably India and China, but possibly the U.S. Strategic Reserve.
Q: Are You Printing Money? Bernanke: Not Literally
sure like to know where your selling it, nobody around here buying any at all at this price, coming in by the truckload though, Turning away more than i can actually buy
I bet i got called from sellers wanting to dump 1-2k oz today alone, and I was only open half day
Tues Oct 14th 8AM - Further Update On Silver Scrap Trading
October 14, 2025 8:30 am – Good morning, Below we’ve noted updates for Tuesday:
SILVER SPOT PRICING: The unusual London/NY silver differential continues to narrow. This morning the London fix is still +1.03 over December COMEX. Our silver spot price will be determined today as follows:
– Bid: DEC COMEX Flat
– Ask: DEC COMEX +1.15
These are subject to change throughout the day without notice.
– Low Grade- Not Purchasing (War Nix, 40%, 50%, 80%)
– Advances for silver not available over $5,000
– Daily limits of 500 toz of silver scrap (90%- currently no limit
CURRENT TURNAROUND TIMES
– Gold 1-3 Business Days
– Silver 3-8 Business Days
– Silver Melts 2-3 Weeks
We will continue to monitor silver purchasing and review refining capacities daily. Please watch our homepage for important updates.
Backwardation has been re-established in the silver market.
The 1,000 oz. bars from Comex that are going to LBMA are not enough to bail them out of their delivery commitments. Most of the bars are either staying in New York or going elsewhere. The squeeze is ON. When LBMA fails due to non-delivery, it will stress the entire debt-based financial system.
Good followup reporting by MsMorrisine.
Q: Are You Printing Money? Bernanke: Not Literally
"Exceptionally high silver lease rates have created a temporary liquidity crisis in the global silver market, forcing refiners to pause normal trading and advance payments. Across the global silver market, refiners and bullion banks are facing unprecedented financing costs. The cost of borrowing silver - known as the lease rate - has spiked to levels that are effectively unworkable. In practical terms, that means it's now uneconomical for refiners to fund the metal they're holding while it's being refined."
No Way Out: Stimulus and Money Printing Are the Only Path Left
If there is a shortage of 1,000 oz bars, wouldn’t it make sense that refiners have orders for such bars, and would be trying to turn them as quickly as possible? Fixed price, cash before delivery.
sure like to know where your selling it, nobody around here buying any at all at this price, coming in by the truckload though, Turning away more than i can actually buy
I bet i got called from sellers wanting to dump 1-2k oz today alone, and I was only open half day
sure like to know where your selling it, nobody around here buying any at all at this price, coming in by the truckload though, Turning away more than i can actually buy
I bet i got called from sellers wanting to dump 1-2k oz today alone, and I was only open half day
I assume you are referring to junk silver. Demand for qulity siver is high, take a look at completed sales for silver eagle tubes on ebay. I have sold over 100 ASE mint box tubes in the past week. With the exception of 40% junk Kennedys that I am offering at spot, I'm selling .999 or better silver here on the BST and on ebay. Buyers on ebay have been paying enough premium to cover my shipping and my fees. My BST prices are at a low premium, thus the high amount of sales there.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Pausing US90 Purchasing
Friday, October 17, 2025 8:00 am – JHCB Update
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times apply.
SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
ALL OTHER SILVER PURCHASES, INCLUDING US90%, ARE SUSPENDED.
– .999 Silver -1.50 (must be marked!)
Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.
SILVER SPOT PRICING: Our silver spot price will be determined today as follows:
– Bid: DEC COMEX Flat
– Ask: DEC COMEX +1.50
These are subject to change throughout the day without notice.
TURNAROUND TIMES:
– Gold: 1-3 Business Days
– Silver: 3-8 Business Days
– Silver Melts: Purchasing Suspended
Enjoy the day. Thank you, The Team at Jack Hunt
Lease rates. Has nothing to do with supply or demand.
I'm seeing tons of supply and not much demand. You?
I have sold a couple thousand ounces of quality silver in the past three weeks, even when slowly raising my price along with spot. Demand is there. Anyone having trouble selling is letting there greed blind them to the fact that they are competing with sellers who are willing to take less profit. Profit is profit. Any stacker not buying this dip is missing out. As I mentioned elsewhere I am a net seller, but only for personal reasons. Were I twenty years younger I would be doubling my stack, not liquidating it.
Those who took heed to the "buy, Mortimer, buy" sermons over the past two decades are now being rewarded. Those who are continuing to buy will be see even greater reward.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Pausing US90 Purchasing
Friday, October 17, 2025 8:00 am – JHCB Update
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times apply.
SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
ALL OTHER SILVER PURCHASES, INCLUDING US90%, ARE SUSPENDED.
– .999 Silver -1.50 (must be marked!)
Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.
SILVER SPOT PRICING: Our silver spot price will be determined today as follows:
– Bid: DEC COMEX Flat
– Ask: DEC COMEX +1.50
These are subject to change throughout the day without notice.
TURNAROUND TIMES:
– Gold: 1-3 Business Days
– Silver: 3-8 Business Days
– Silver Melts: Purchasing Suspended
Enjoy the day. Thank you, The Team at Jack Hunt
Lease rates. Has nothing to do with supply or demand.
I'm seeing tons of supply and not much demand. You?
I have sold a couple thousand ounces of quality silver in the past three weeks, even when slowly raising my price along with spot. Demand is there. Anyone having trouble selling is letting there greed blind them to the fact that they are competing with sellers who are willing to take less profit. Profit is profit. Any stacker not buying this dip is missing out. As I mentioned elsewhere I am a net seller, but only for personal reasons. Were I twenty years younger I would be doubling my stack, not liquidating it.
Those who took heed to the "buy, Mortimer, buy" sermons over the past two decades are now being rewarded. Those who are continuing to buy will be see even greater reward.
Yeah, that sound's like great investment advice. Buy the gutter with a premium and sell for less than spot because the glut of other sellers are willing to take less profits. Sounds like a poor choice in investments to me. Thank god we have the SLV. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Yeah, that sound's like great investment advice. Buy the gutter with a premium and sell for less than spot because the glut of other sellers are willing to take less profits. Sounds like a poor choice in investments to me. Thank god we have the SLV. RGDS!
and this is why you will never understand the silver market. You don't need to squeeze the most premium you can on something you bought for half the current price. For a seller, it's not about premium, it's all about net profit.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Yeah, that sound's like great investment advice. Buy the gutter with a premium and sell for less than spot because the glut of other sellers are willing to take less profits. Sounds like a poor choice in investments to me. Thank god we have the SLV. RGDS!
and this is why you will never understand the silver market. You don't need to squeeze the most premium you can on something you bought for half the current price. For a seller, it's not about premium, it's all about net profit.
SLV accomplishes that. No premiums, no hassles of buyers or sellers. Just profits. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Comments
I wouldn't say you are hypocritical, just selective in your outrage.
Anything to disparage gold & silver. Apparently, bonds are getting harder and harder to sell.
With good reason.............
I knew it would happen.
I hear > @blitzdude said:
COPPER is gutter !
Ive never disparaged gold or silver. But i have the narratives and false information by their promoters.
Knowledge is the enemy of fear
No backwardation.
Knowledge is the enemy of fear
No outrage. Just calling out the hypocrites.
But...these govt handouts do keep the tax peeps busy.
Knowledge is the enemy of fear
I would love a flat tax - put the tax peeps out of business and get everyone out of the wagon
When the tax code has more pages than the Bible there might be a problem.
But back on topic.....any of our forum dealers experiencing issues in offloading silver?
Knowledge is the enemy of fear
Contango and backwardation are terms used to define the structure of the forward curve. When a market is in contango, the forward price of a futures contract is higher than the spot price. Conversely, when a market is in backwardation, the forward price of the futures contract is lower than the spot price.
I'm delivering 376 weekend silver ounces to the post office tomorrow. Over 400 last week. No selling problems in my line of sight.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I'm delivering 376 weekend silver ounces to the post office tomorrow. Over 400 last week. No selling problems in my line of sight. The demand for physical is real. This is why prices are climbing over the intermediate term and not dropping. We know central bank demand is driving gold. It's not driving silver but something is and it ain't ETF promises.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I happened to see a posting at another site, saying that part of the reason refiners aren't accepting 90% so much is because of some nitric acid limitations... something about more nitric acid is being currently used in the ordinance field with increased manufacturing of explosives, ammunition, bombs, etc. Not sure I believe that, but who knows? Just passing it on...
More likely is that refiners are doing what is the easiest, and fastest, way to move the product. The .999 type silver requires the very least time and processing, and they can move the product rapidly.
More likely is that refiners are doing what is the easiest, and fastest, way to move the product. The .999 type silver requires the very least time and processing, and they can move the product rapidly.
It appears that refinery demand is being driven by offtake from Comex in the form of 1,000 oz. good delivery bars that is being delivered to who-knows-where? Probably India and China, but possibly the U.S. Strategic Reserve.
I knew it would happen.
Derryb,
sure like to know where your selling it, nobody around here buying any at all at this price, coming in by the truckload though, Turning away more than i can actually buy
I bet i got called from sellers wanting to dump 1-2k oz today alone, and I was only open half day
Tues Oct 14th 8AM - Further Update On Silver Scrap Trading
October 14, 2025 8:30 am – Good morning, Below we’ve noted updates for Tuesday:
SILVER SPOT PRICING: The unusual London/NY silver differential continues to narrow. This morning the London fix is still +1.03 over December COMEX. Our silver spot price will be determined today as follows:
These are subject to change throughout the day without notice.
SCRAP FORMULAS TODAY
OTHER STILL IN EFFECT
CURRENT TURNAROUND TIMES
We will continue to monitor silver purchasing and review refining capacities daily. Please watch our homepage for important updates.
Thank you, The Team at Jack Hunt
i object to their .999 silver purchase price
theoretically no refining, just melting and assay (yes, overhead too)
Backwardation has been re-established in the silver market.
The 1,000 oz. bars from Comex that are going to LBMA are not enough to bail them out of their delivery commitments. Most of the bars are either staying in New York or going elsewhere. The squeeze is ON. When LBMA fails due to non-delivery, it will stress the entire debt-based financial system.
Good followup reporting by MsMorrisine.
I knew it would happen.
kitco spot and the futures are closing
there is pressure oing off of spot
Spiking lease rates are the reason refiners are not buying junk silver:
"Exceptionally high silver lease rates have created a temporary liquidity crisis in the global silver market, forcing refiners to pause normal trading and advance payments. Across the global silver market, refiners and bullion banks are facing unprecedented financing costs. The cost of borrowing silver - known as the lease rate - has spiked to levels that are effectively unworkable. In practical terms, that means it's now uneconomical for refiners to fund the metal they're holding while it's being refined."
No Way Out: Stimulus and Money Printing Are the Only Path Left
If there is a shortage of 1,000 oz bars, wouldn’t it make sense that refiners have orders for such bars, and would be trying to turn them as quickly as possible? Fixed price, cash before delivery.
Exceptionally high silver lease rates have created a temporary liquidity crisis in the global silver market,
It might be temporary, or it might not be temporary. The spread increased again overnight.
I knew it would happen.
My LCS buddy in NY reports the same.
Knowledge is the enemy of fear
I assume you are referring to junk silver. Demand for qulity siver is high, take a look at completed sales for silver eagle tubes on ebay. I have sold over 100 ASE mint box tubes in the past week. With the exception of 40% junk Kennedys that I am offering at spot, I'm selling .999 or better silver here on the BST and on ebay. Buyers on ebay have been paying enough premium to cover my shipping and my fees. My BST prices are at a low premium, thus the high amount of sales there.
No Way Out: Stimulus and Money Printing Are the Only Path Left
DB
ASE is about the only thing I can sell locally , the rest generic 999, 90% and other Zero sales
jack hunt again
Pausing US90 Purchasing
Friday, October 17, 2025 8:00 am – JHCB Update
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times apply.
SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
ALL OTHER SILVER PURCHASES, INCLUDING US90%, ARE SUSPENDED.
– .999 Silver -1.50 (must be marked!)
Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.
SILVER SPOT PRICING: Our silver spot price will be determined today as follows:
– Bid: DEC COMEX Flat
– Ask: DEC COMEX +1.50
These are subject to change throughout the day without notice.
TURNAROUND TIMES:
– Gold: 1-3 Business Days
– Silver: 3-8 Business Days
– Silver Melts: Purchasing Suspended
Enjoy the day. Thank you, The Team at Jack Hunt
Lease rates. Has nothing to do with supply or demand.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I'm seeing tons of supply and not much demand. You?
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I have sold a couple thousand ounces of quality silver in the past three weeks, even when slowly raising my price along with spot. Demand is there. Anyone having trouble selling is letting there greed blind them to the fact that they are competing with sellers who are willing to take less profit. Profit is profit. Any stacker not buying this dip is missing out. As I mentioned elsewhere I am a net seller, but only for personal reasons. Were I twenty years younger I would be doubling my stack, not liquidating it.
Those who took heed to the "buy, Mortimer, buy" sermons over the past two decades are now being rewarded. Those who are continuing to buy will be see even greater reward.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Reputable sellers are having no problem finding buyers. It's the sketchy ones that just entered the market that may be seeing a dearth of buyers...
Not according to any of the dealers I have spoken to, including many on this very board. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Yeah, that sound's like great investment advice. Buy the gutter with a premium and sell for less than spot because the glut of other sellers are willing to take less profits. Sounds like a poor choice in investments to me. Thank god we have the SLV. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Pausing US90 Purchasing
Friday, October 17, 2025 8:00 am – JHCB Update
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times apply.
SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
ALL OTHER SILVER PURCHASES, INCLUDING US90%, ARE SUSPENDED.
– .999 Silver -1.50 (must be marked!)
Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.
SILVER SPOT PRICING: Our silver spot price will be determined today as follows:
– Bid: DEC COMEX Flat
– Ask: DEC COMEX +1.50
These are subject to change throughout the day without notice.
TURNAROUND TIMES:
– Gold: 1-3 Business Days
– Silver: 3-8 Business Days
– Silver Melts: Purchasing Suspended
Enjoy the day. Thank you, The Team at Jack Hunt
and this is why you will never understand the silver market. You don't need to squeeze the most premium you can on something you bought for half the current price. For a seller, it's not about premium, it's all about net profit.
No Way Out: Stimulus and Money Printing Are the Only Path Left
SLV accomplishes that. No premiums, no hassles of buyers or sellers. Just profits. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Those same refiners are also selling it (.900) below its melt value. Thats an opportunity ! Discounting silver is okay by me.
``https://ebay.us/m/KxolR5