Silver sucks again
HalfDime
Posts: 309 ✭✭✭✭
On a day when it appears a major war has started and there is world uncertainty,
Gold is way up 
Silver is flat
And bitcoin is way down
0
Comments
It is holding above 35 support line. That is what matters. Consolidation is expected, and "major" war has not started, unless we get directly involved.
My US Mint Commemorative Medal Set
The supply fundamentals haven't changed.
I knew it would happen.
silver will see 40 and gold will see 3600 for the year. Just give it more time.
Silver doesn’t suck. It’s up 11% last 30 days. Just keep the faith. Gold is more for Insurance against loss. Silver is a more of an industrial asset and investment. I’ll take a 10% month any time I can. I hold both and will continue to nibble on any pullback in either.
Mike
MIKE B.
and demand has increased
ZeroHedge makes debut at White House press corps briefing
Demand for physical sure hasn't increased. The mint is barely selling any eagles. The big boys are offering $100FV bags of junk at spot and they still aren't moving anything. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
guess that explains why silver product prices are at 10 year highs. LOL
Every major dealer (three of them) that I have sold silver to in the past five years is blowing up my phone looking for more silver.
ZeroHedge makes debut at White House press corps briefing
100% paper driven. Blowing up your phones to buy? Please elaborate on their offers if you don't mind. That would tell you everything you would need to know. RGDS!
PS:
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Why Invest in Silver in 2025: Complete Guide to Silver's Historic Opportunity
Again you're thinking is backwards: paper silver prices are determined by physical prices. People pour money into the ETFs because they see the physical price going up. Paper silver prices are a reflection of real silver prices. While the supply of paper is unlimited keep in mind that it's risk is also unlimited.
There offers are low as you well know, after all they are in the resale business. The fact that they are reaching out more than ever tells me they need silver more than ever.
ZeroHedge makes debut at White House press corps briefing
I guess we will just have to agree to disagree.
On another note, not sure if you got any of those Bullion Exchange shipping boxes that they have been sending the platinum maples in but they perfectly hold 20 of those 10oz RCM gutter bars. They are not that sturdy but they bundle 20 of them up for storage rather nicely. I sure wish they would lose their premium, I'd probably still add a few of those. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
just checked apmex and a quarter/dime $50 bag is $10 over
i'm thinking at this level, the dealers are getting swamped with sales, but not as much buying. this has happened in the past.
believer in gsr ? i'm not, but it looks like junk is ripe.
unloved 40% is selling at spot at apmex. gotta pay a little over spot for $1 war nix
Those 40% silver coins that nobody wants will someday be wanted a lot. The supply will dry up like the Sahara.
is there a premium or discount on the various major silver etfs? which ones can you exchange for physical?
you think so?
I sold my gold eagles 91.67% in favor of .9999 gold buffs and spouses. Same with silver. Got rid of most of my 40-90% and try to only pickup .999 or better American eagles or interesting rounds or bars. Purity matters and it has lower refining cost.
No longer a fan of any 40% or worn circulated 90% at all.
My US Mint Commemorative Medal Set
paper silver prices are determined by physical prices. People pour money into the ETFs because they see the physical price going up. Paper silver prices are a reflection of real silver prices.
I'm not so sure about that. I've been hearing from different analysts that some b;anks or hedge funds are selling silver paper to buy gold and vice versa as some sort of straddle.
I knew it would happen.
while this may hold true it does not change what I said.
ZeroHedge makes debut at White House press corps briefing
I've watched a couple of coin show videos this morning that seem to indicate that physical silver isn't moving at the retail level unless it's sold at a discount. If that's the case, why is the price still rising? Explain why.
I knew it would happen.
If TSHTF then the 40% will be traded for goods as real money, and since it is in small denominations it will be accepted and easier to buy with. One ounce gold coins will buy a house or a car, and won't be easy to exchange for normal daily purchases.
This is my best guess and I hope it never happens, but it will someday.
Paper market. Speculators. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
silver sucks only for those who don't know when to buy or when to sell.
ZeroHedge makes debut at White House press corps briefing
here is thursday's numbers
k 36.48
f 36.62
0.4% spread
yeah, paper market speculators
sil futs contracts are 5000 toz. if all the phys silver in the us hit the major playrs' houses for contracts we'd drop. right now tose 1, 10, 100 items going near melt is selling by the little guys, if melted into big bars, isn't enough to move a futs market with that much silver volume.
the little guy is selling only a little to overwhelmed little dealers on the way up
if you are a silver believer, buy now when premiums are low
oh. checking be and apmex, monster boxes are over 40/oz
so the issue with silver at spot being a bad sign for silver applies to 90%, but not to ase
challenge - go to a coin show and buy $100 fv 90% for less than spot
So now your saying that physical determines prices? Just 2 days ago you were saying paper moves prices.
This is no different that the question the massive premiums on physical of 2 years ago and then wondering why spot prices didn't go up.
Knowledge is the enemy of fear
So now your saying that physical determines prices? Just 2 days ago you were saying paper moves prices.
You are mistaken. I haven't said that.
If physical silver isn't moving at the retail level, how can it be determining the price? Are you trying to twist what I said?
I knew it would happen.
physical 90% isn't selling but at spot.
you'll pay premiums for ase
tells you where the demand is and where the supply is.
ZeroHedge makes debut at White House press corps briefing
going to okc for the ana?
My other reason for staying with high purity is related to Ohio State tax on precious metals stated below.
Investment bullion is not taxed, but what Precious Metals Are Taxed in Ohio?
Taxes must be collected on:
Paper Currency
Copper Products
Non-coin Precious Metal products not considered Investment Bullion, meaning Gold products with a purity less than .995 fine, any Silver products with a purity less than .999 fine, any Platinum products with a purity less than .9995 fine, any Palladium products with a purity less than .9995 fine.
Coin products not considered Investment Coin products meaning coins made of Gold, Silver, Platinum, or Palladium if the Gold, Silver, Platinum, or Palladium content is less than 50%. Again 40% is not anything I want to own at all.
My US Mint Commemorative Medal Set
FYI
90% ag melt 26+x fv
Recent show 90% was selling at 24x fv from some dealers.
Last week some dealers were selling 90% at 24xfv
At the show 1/10th oz age prices between $345 to $360 (note, there wasn't many at this price majority was at around $375 to $380)
Are some dealers having a liquidity problem and need to turn old stock into cash? Problem is replacement cost through normal channels will be higher for them. Hmmmmmm
The premium always evaporates when prices rise. Thats why some have correctly argued against paying premiums.
Knowledge is the enemy of fear
I sold my gold eagles 91.67% in favor of .9999 gold buffs and spouses.
@Goldminers: what has been your experience in buying or selling gold spouses lately?
I knew it would happen.
.
Premiums tend to INCREASE when the spot price drops. Because of this, physical silver items have a little bit of built-in insurance in the total price.
For example, if you own SLV, when the price drops you get hit with the full price drop (plus the 0.5% per year SLV fees).
For physical silver items, when the spot price drops the premiums tend to go up which insulates the owner from some of the losses.
In the current environment with low (or even zero) physical premiums, I don't know why anyone would put medium-term or long-term money into SLV instead of physical metal.
.
You pay a premium on raw steel, plastic, glass and leather when you buy a car manufactured from it. Nothing is fabricated without a premium added to it's price. This includes precious metal trinkets. The premium will always depend on supply and demand of the product.
ZeroHedge makes debut at White House press corps briefing
SLV is the most liquid gutter there is. Never a premium and always a buyer with the simple click of the mouse. Spot gutter has seen a big increase in the past 3 years yet the physical ASE buyers are barely at break even due to the premiums they incurred during the great gutter shortage hype. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I've added silver 5 times since 2023 and each position is still intact, in addition to having double digit gains.
The best part is that I don't have to agonize over when to buy or sell, and I have a much more significant position built than when I started.
The silver I owned prior to 2023 has indeed more than doubled, and in some cases is up 6X. All of my previous position caught 100% of the recent price increases, and I didn't have to second-guess the paper market.
Even the 2025 ASEs that I bought in March are in the black already in spite of the higher premium.
To build an instantaneous position of any size using paper is extremely risky, and without exquisite timing there is a chance of losing it all or worse.
I knew it would happen.
Terrible analogy. The amalgamation of those things creates a product with utilitarian value distinct of its inputs.
We put images of eagles and buffalo on 1 ounce round chunks of silver to make them.more marketable. It is still 1 ounce of silver, no different than blank round.
Knowledge is the enemy of fear
I am not selling any of mine. They are all First Strike 70's and premiums are not compensating for scarcity in populations enough to justify selling now. There are a lot of regular 70's listed, but many of the first strike coins are becoming very hard to find. I still believe collecting a set of these in FS 70 PCGS holders, or at least the low pops, will be very tough and worth it in the long term. Less than 73 complete sets can be made and the coins with pops under 100 are seldom seen now and becoming quite expensive.
If you are looking for raw pure gold bullion, APMEX sells them for $1,748 or $3,496/ounce vs $3,400 spot or about 2-3% premium and free shipping. Usually, you can get another $10 off the asking price with a code.
My US Mint Commemorative Medal Set
Premiums are not an issue, you get them back and (sometimes more) if you know when to sell.
ZeroHedge makes debut at White House press corps briefing
No need to worry about premiums with the SLV. Buy and sell whenever you want.
RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
which lasts longer? LOL
ZeroHedge makes debut at White House press corps briefing
just going to leave this here
.
The premium on SLV goes negative half a percent every year, year after year.
So it is a terrible mid-term or long-term holding.
If you want to speculate (gamble) on the silver price then have at it.
But like any form of gambling, you are just as likely to lose (if not more so) than win.
Think of the 0.5% yearly fee as the "house" advantage.
Personally, I like to play the "premiums" game. But not with Silver Eagles and such. Those are way too common. I look for interesting silver items that don't have huge premiums, but are truly scarce and perhaps undervalued (currently) by collectors.
.
$37.09 Spot Silver
I knew it would happen.
God Bless me SLV! RGDS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
So easy to play the almost daily NY morning smack down in silver
SLV (boys) - AGQ (men) makes this possible. Enjoy!
Loves me some shiny!
.
Mr. SLV peddler, always boasting about how well he does with SLV.
But like a gambler, we never hear about the losses, even though Mr. SLV frequently expresses a disdain for silver.
Something doesn't add up here.
.