Silver Stackers Is It Time

lilolme · May 13, 2022 2:04PM

So silver gained a couple % today but is down almost 20% from where it traded for a few months.
So silver stackers is it time to start stacking again or perhaps a little extra?
Or is silver heading back to trading between 15 and 20 like 3 years or so ago?

.

Klif50 · May 13, 2022 2:05PM

Even though the per ounce prices is lower than it was a few weeks ago the premium is as high or higher than it has ever been. If you can buy silver at spot or below then it's probably a good time to add to the stack. If you have to pay $10 or so per ounce on top of spot then I would just hold on to my cash. YMMV

PerryHall · May 13, 2022 2:07PM

Great topic and graphs but you'll get more responses if you post this in the Precious Metals Forum here.

Steve27 · May 13, 2022 2:12PM

If you Google the cost to produce an ounce of silver it comes up with the following: "Entering the new year, the world's top silver companies averaged $10.56 in production costs per ounce of silver." So no it's not time to buy.

jmlanzaf · May 13, 2022 4:16PM

I've been calling for $1500 and $17. I still am.

jmlanzaf · May 13, 2022 4:18PM

@Klif50 said:
Even though the per ounce prices is lower than it was a few weeks ago the premium is as high or higher than it has ever been. If you can buy silver at spot or below then it's probably a good time to add to the stack. If you have to pay $10 or so per ounce on top of spot then I would just hold on to my cash. YMMV

$10 per ounce is the ASE premium. The ASE premium is always the highest.

You can buy silver at close to spot if you buy 1000 oz bars which is to what the spot price refers.

Aspie_Rocco · May 13, 2022 5:37PM

Picked up some barber dimes and roosies for a few cents above and at melt recently. I like it.

amwldcoin · May 13, 2022 6:45PM

@Aspie_Rocco said:
Picked up some barber dimes and roosies for a few cents above and at melt recently. I like it.

Did you weigh those Barber Dimes? You might be surprised how underweight they can be when sold as bullion!

MasonG · May 13, 2022 6:48PM

@amwldcoin said:
Did you weigh those Barber Dimes? You might be surprised how underweight they can be when sold as bullion!

I filled a coin tube with them once, and counted them. There were 58.

amwldcoin · May 13, 2022 6:51PM

@MasonG said:

@amwldcoin said:
Did you weigh those Barber Dimes? You might be surprised how underweight they can be when sold as bullion!

I filled a coin tube with them once, and counted them. There were 58.

I've seen worse! There are many out there you can shave with!

MasonG · May 13, 2022 6:55PM

@amwldcoin said:

@MasonG said:

@amwldcoin said:
Did you weigh those Barber Dimes? You might be surprised how underweight they can be when sold as bullion!

I filled a coin tube with them once, and counted them. There were 58.

I've seen worse! There are many out there you can shave with!

Wouldn't be surprised at all.

hfjacinto · May 13, 2022 6:57PM

I picked up an ASE and a few mercury dimes today. The mercury dimes had very little wear with most in XF to AU state. But I don’t really stack, I just like ASE and silver dimes.

lilolme · May 13, 2022 7:03PM

@MasonG said:

@amwldcoin said:
Did you weigh those Barber Dimes? You might be surprised how underweight they can be when sold as bullion!

I filled a coin tube with them once, and counted them. There were 58.

If I had been guessing I don't think I would have guessed over 53, maybe 54. So thanks for that info.

Che_Grapes · May 13, 2022 7:18PM

I agree - buy the dip!

Dollar having a surge but we very well could have a gold “inflation run” which usually precedes inflation by a year or so, and silver could follow. I think things look good for silver mid to long term ... under pressure now but it will turn around - interesting times.

tincup · May 13, 2022 7:22PM

I'm not ready to try to catch the falling knife... let's see what happens Monday. But I have no crystal ball.

gumby1234 · May 13, 2022 7:25PM

@amwldcoin said:

@MasonG said:

@amwldcoin said:
Did you weigh those Barber Dimes? You might be surprised how underweight they can be when sold as bullion!

I filled a coin tube with them once, and counted them. There were 58.

I've seen worse! There are many out there you can shave with!

Cheaper to shave with them than the brand name razor.

ChrisH821 · May 13, 2022 7:26PM

I'm a buyer when it hits $15 again. That's with no logical reasoning whatsoever, just the price I'm willing to pay for silver.

jmlanzaf · May 13, 2022 7:54PM

@Che_Grapes said:
I agree - buy the dip!

Dollar having a surge but we very well could have a gold “inflation run” which usually precedes inflation by a year or so, and silver could follow. I think things look good for silver mid to long term ... under pressure now but it will turn around - interesting times.

See 1982.

jmlanzaf · May 13, 2022 7:56PM

@ChrisH821 said:
I'm a buyer when it hits $15 again. That's with no logical reasoning whatsoever, just the price I'm willing to pay for silver.

I think that's a fair guess. That's the pre-Covid number. I think the pre-bank crisis number (2008) is also possible.

We are approaching parity with the Euro and hit parity with the Swiss franc.

Jzyskowski1 · May 13, 2022 7:56PM

Buy the dip😉🙀🦫. Got a simply marvelous deal 😎

Joe_360 · May 14, 2022 4:40AM

I'm investing heavily on the Coin Star return slot...

ricko · May 14, 2022 5:21AM

I will sit with my stacks....
Dips will come,
and dips will go...
And peaks will show up
too you know....
Cheers, RickO

mark_dak · May 14, 2022 1:48PM

@jmlanzaf said:

@ChrisH821 said:
I'm a buyer when it hits $15 again. That's with no logical reasoning whatsoever, just the price I'm willing to pay for silver.

I think that's a fair guess. That's the pre-Covid number. I think the pre-bank crisis number (2008) is also possible.

We are approaching parity with the Euro and hit parity with the Swiss franc.

At this point I'm with your crowd. Sold almost every bit of junk silver off at 20x-21x. I expect silver to follow the economy south from here. I'll bet when/if we get back to $14-$15 where I bought in, the premiums will have long dried up as well. I'm a buyer at something at or south of 10x. I don't expect gold will follow. If it drops below $1725 or so I might get a bit concerned. I have purchased pre-1933 almost exclusively... have stayed away from modern or foreign gold for the most part.

Mark

mark_dak · May 14, 2022 1:53PM

@Che_Grapes said:
I agree - buy the dip!

Dollar having a surge but we very well could have a gold “inflation run” which usually precedes inflation by a year or so, and silver could follow. I think things look good for silver mid to long term ... under pressure now but it will turn around - interesting times.

Do gold and silver move in tandem? I kind of think not.

Mark

Silver Stackers Is It Time

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