Silver currently in the $15's
ChrisRx
Posts: 5,619 ✭✭✭✭
Now, where are the good deals to buy some? 
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Still costing me $20 an ounce in Canadian $$.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Now, where are the good deals to buy some?
Ditto that!
<< <i>
<< <i>Now, where are the good deals to buy some?
Ditto that! >>
Depends upon what you think constitutes a good deal. Try a WTB ad on Craigslist or stand on a busy street corner wearing one of those sandwich signs offering to buy bullion below spot for cash.
If ASEs are your bag, you'd be hard pressed to find a better deal than what the mint sells them for which is spot + $2. Always a chance to catch a dealer oversupplied with spot dropping like a rock, hoping he'd sell cheap to cut his losses.
<< <i>Now, where are the good deals to buy some?
Here is an idea: put money you would pay for PM's today, in a time capsule to be opened exactly one year from now, then go out and buy double the amount you would have paid today. Or, wait two years and get even more PM's for your money than just waiting one year.
Tyler
<< <i>
<< <i>Now, where are the good deals to buy some?
Here is an idea: put money you would pay for PM's today, in a time capsule to be opened exactly one year from now, then go out and buy double the amount you would have paid today. Or, wait two years and get even more PM's for your money than just waiting one year.
Tyler >>
I kinda hope this does happen, I would love to back the truck up and fill up with some silver
<< <i>I kinda hope this does happen, I would love to back the truck up and fill up with some silver
Right.
That same roll is now $368, Just paid $380.80 yesterday
<< <i>Looks like the lead balloon just went over another cliff....at $15.66 now!
That same roll is now $368, Just paid $380.80 yesterday
Don't be too hasty to do it.
Liberty: Parent of Science & Industry
<< <i>
<< <i>Looks like the lead balloon just went over another cliff....at $15.66 now!
That same roll is now $368, Just paid $380.80 yesterday
Don't be too hasty to do it. >>
Good advice. I was doing the same thing when Silver was in the low 20's. Now I have a few thousand dollars less of that "worthless fiat". Precious metals: turning worthless fiat into even less worthless fiat.
"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>Now, where are the good deals to buy some?
There was a good one open last night if you were awake and Johnny on the Spot!
I thought it was a good purchase. I'm still looking
to purchase more but I'mafraid to pull the
trigger !!!
The market is clearly being rigged.
Two local coin shops in my area sold out of silver in the past week, and are running out of 90%. I was in one of the shops today and someone came in and sold some silver quarters while I was there. He wasn't gone five minutes and I bought almost all of them.
The price may continue to drop, but the physical demand is clearly strong, so how much more can it drop ?
<< <i>Buy Buy Buy !!!!!
The price may continue to drop, but the physical demand is clearly strong, so how much more can it drop ? >>
That's a good question, but something tells me that spot price isn't much affected by what happens at your local shop. Probably going to take some time before this buying frenzy draws down supplies all through the pipeline. Not only are stackers taking silver out of the market, but the flipper faction is right behind them putting some back in.
<< <i>Unless it stays at 14 it won't matter. Premiums are going up. >>
Yep. As of a few minutes ago JMBullion is about $2.90+ for a monster box or more; SDBullion is $3.45+ for 3 monster boxes or more; silver.com is about $2.90+ for 500 or more.
<< <i>Not much speculating in silver these days. It costs $20 to produce a barrel of light, sweet crude that sells for $80. It costs $10 to produce an ounce of silver that sells for $15.
Where do you get such precise production costs? I would assume that every mine in the world has a different production cost per ounce.
<< <i>
<< <i>Unless it stays at 14 it won't matter. Premiums are going up. >>
Yep. As of a few minutes ago JMBullion is about $2.90+ for a monster box or more; SDBullion is $3.45+ for 3 monster boxes or more; silver.com is about $2.90+ for 500 or more. >>
All 3rd world online dealers listed here...
Que rawteam's sarcasim.
"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>
<< <i>
<< <i>Unless it stays at 14 it won't matter. Premiums are going up. >>
Yep. As of a few minutes ago JMBullion is about $2.90+ for a monster box or more; SDBullion is $3.45+ for 3 monster boxes or more; silver.com is about $2.90+ for 500 or more. >>
All 3rd world online dealers listed here... >>
Somehow I can't picture the first world dealers having much interest in selling a single roll of ASEs to us bullion lightweights.
<< <i>
<< <i>Not much speculating in silver these days. It costs $20 to produce a barrel of light, sweet crude that sells for $80. It costs $10 to produce an ounce of silver that sells for $15.
Where do you get such precise production costs? I would assume that every mine in the world has a different production cost per ounce. >>
Those are ballpark figures of course.
Point being producing one of these costs about $10 and the retail customer is buying them for about $15. Not a lot of room these days.
It's kinda funny in a way. We don't know if there's really a shortage and we don't know if there's really a glut of silver. We do know that silver could be the poster child for manipulation - but by whom, and why? Upward manipulation, or downward? The truth is that it's both.
Silver is uncertainty in its very essence.
Silver is like that electron that you can't tell how fast it's going if you know where it is, but you don't know where it is if you can tell how fast it's going.
Neither you nor I really know jack about the fundamentals of silver. That's why I love it as an investment.
I knew it would happen.
<< <i>
It wasn't THAT long ago that one of those cost about $5 to the retail customer, period. >>
It wasn't? 12 years ago was the last time. $1.39/gallon gasoline, $2.99 Value Meals, $1.49/gallon milk were all available 12 years ago too.
I guess 12 years ago wasn't that long ago, just seems that way to people paying double what they were then while their income is lower today (for 75% of America anyway).