Home Precious Metals

How are the shops doing?

123457»

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,911 ✭✭✭✭✭
    edited March 16, 2026 3:48PM

    Whew. Barely made enough to pay taxes and insurance on the B&M last year. After the first two months of this year, I purchased more than in the first two years from 2009-2011 in biz.
    Funny , I went from a town of more than 450,000 to a town of 3000 , and do ten times more. And as such and always, there’s never enough money in the bank.

    How are the shops doing what ?

  • blitzdudeblitzdude Posts: 7,506 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Whew. Barely made enough to pay taxes and insurance on the B&M last year. After the first two months of this year, I purchased more than in the first two years from 2009-2011 in biz.
    Funny , I went from a town of more than 450,000 to a town of 3000 , and do ten times more. And as such and always, there’s never enough money in the bank.

    I definitely sold more in the first 2 months then I did in the past decade and I've always been an extremely active flipper. Most of the big shops I frequent have told me that this pump has been phenomenal for the small-time mom and pops. More sellers coming through the doors than ever. The big problem now is the refinery glut. Nowhere to sell and those still taking it in are having to wait forever to get paid. Bank accounts getting tapped awaiting payment. Oh well, so goes life in the gutter. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,911 ✭✭✭✭✭

    @blitzdude said:

    @TwoSides2aCoin said:
    Whew. Barely made enough to pay taxes and insurance on the B&M last year. After the first two months of this year, I purchased more than in the first two years from 2009-2011 in biz.
    Funny , I went from a town of more than 450,000 to a town of 3000 , and do ten times more. And as such and always, there’s never enough money in the bank.

    I definitely sold more in the first 2 months then I did in the past decade and I've always been an extremely active flipper. Most of the big shops I frequent have told me that this pump has been phenomenal for the small-time mom and pops. More sellers coming through the doors than ever. The big problem now is the refinery glut. Nowhere to sell and those still taking it in are having to wait forever to get paid. Bank accounts getting tapped awaiting payment. Oh well, so goes life in the gutter. RGDS!

    “Oh well” is a deep well, brother. Forget the gutter, this goes much deeper than there. And who said I have nowhere to sell ? I have a few outlets and “go to guys”.

  • blitzdudeblitzdude Posts: 7,506 ✭✭✭✭✭

    @TwoSides2aCoin said:

    @blitzdude said:

    @TwoSides2aCoin said:
    Whew. Barely made enough to pay taxes and insurance on the B&M last year. After the first two months of this year, I purchased more than in the first two years from 2009-2011 in biz.
    Funny , I went from a town of more than 450,000 to a town of 3000 , and do ten times more. And as such and always, there’s never enough money in the bank.

    I definitely sold more in the first 2 months then I did in the past decade and I've always been an extremely active flipper. Most of the big shops I frequent have told me that this pump has been phenomenal for the small-time mom and pops. More sellers coming through the doors than ever. The big problem now is the refinery glut. Nowhere to sell and those still taking it in are having to wait forever to get paid. Bank accounts getting tapped awaiting payment. Oh well, so goes life in the gutter. RGDS!

    “Oh well” is a deep well, brother. Forget the gutter, this goes much deeper than there. And who said I have nowhere to sell ? I have a few outlets and “go to guys”.

    Yeah, I wasn't implying you specifically didn't have anywhere to sell, just dealers in general with limited avenues to sell. Sure, dealers have outlets for the gutter but many can't afford to sit on their hands 6-8 weeks waiting to receive payment. Some are calling it the great physical gutter scam of 2026. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • Bayard1908Bayard1908 Posts: 4,165 ✭✭✭✭

    @blitzdude said:

    Some are calling it the great physical gutter scam of 2026. RGDS!

    Yes, "the great physical gutter scam of 2026" has really taken off in popularity and become a meme.

  • softparadesoftparade Posts: 9,877 ✭✭✭✭✭

    Most smelters are buying even scrap silver again! And yes, they are taking 90% in too...

    COPPER is gutter !

  • scotty1419scotty1419 Posts: 1,052 ✭✭✭

    @softparade said:
    Most smelters are buying even scrap silver again! And yes, they are taking 90% in too...

    Kind of funny how that happens as silver drops...

  • softparadesoftparade Posts: 9,877 ✭✭✭✭✭

    @scotty1419 said:

    @softparade said:
    Most smelters are buying even scrap silver again! And yes, they are taking 90% in too...

    Kind of funny how that happens as silver drops...

    It's down. But nothing more than what recent volatility would suggest. Either way, good news for shops with shallow pockets. And they are the majority.

    COPPER is gutter !

  • MsMorrisineMsMorrisine Posts: 38,384 ✭✭✭✭✭

    @softparade said:
    Most smelters are buying even scrap silver again! And yes, they are taking 90% in too...

    where did you get "most" ?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 7,506 ✭✭✭✭✭

    @Bayard1908 said:

    @blitzdude said:

    Some are calling it the great physical gutter scam of 2026. RGDS!

    Yes, "the great physical gutter scam of 2026" has really taken off in popularity and become a meme.

    Perhaps not yet. THKS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • dcarrdcarr Posts: 9,917 ✭✭✭✭✭

    @blitzdude said:
    Some are calling it the great physical gutter scam of 2026. RGDS!

    .

    Name ONE of these people (besides yourself) that is calling it that.

    .

  • carew4mecarew4me Posts: 3,645 ✭✭✭✭

    @dcarr said:

    @blitzdude said:
    Some are calling it the great physical gutter scam of 2026. RGDS!

    .

    Name ONE of these people (besides yourself) that is calling it that.

    .

    Bag holder rage. Even $100 silver could not rescue his poor investment timing.


    Loves me some shiny!

    “Often wrong, but never in doubt.”
  • blitzdudeblitzdude Posts: 7,506 ✭✭✭✭✭

    @carew4me said:

    @dcarr said:

    @blitzdude said:
    Some are calling it the great physical gutter scam of 2026. RGDS!

    .

    Name ONE of these people (besides yourself) that is calling it that.

    .

    Bag holder rage. Even $100 silver could not rescue his poor investment timing.

    You should have sold. lol Oh well another couple decades and you might get the chance........again. THKS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • jmski52jmski52 Posts: 23,905 ✭✭✭✭✭

    You missed your big chance to unload all that silver you detest so much. lol

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 7,506 ✭✭✭✭✭

    @jmski52 said:
    You missed your big chance to unload all that silver you detest so much. lol

    I unloaded thousands of ounces brother. :sunglasses: RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • jmski52jmski52 Posts: 23,905 ✭✭✭✭✭

    I unloaded thousands of ounces brother. :sunglasses: RGDS!

    Maybe it's time to buy some back? If I had sold a month ago instead of buying some, I'd be thinking of buying now.

    My timing was off, but it won't take long before the stuff rips higher, once again. As usual, only buy what you can afford to hold, and buy physical - not paper.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 7,506 ✭✭✭✭✭

    @jmski52 said:
    I unloaded thousands of ounces brother. :sunglasses: RGDS!

    Maybe it's time to buy some back? If I had sold a month ago instead of buying some, I'd be thinking of buying now.

    My timing was off, but it won't take long before the stuff rips higher, once again. As usual, only buy what you can afford to hold, and buy physical - not paper.

    Still way too overvalued. Waiting for the $20s. Currently tied up in oil and T-bills. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????
    Retiring at 55, what day is today? :sunglasses:

  • DisneyFanDisneyFan Posts: 2,860 ✭✭✭✭✭

    @jmski52 said:

    Maybe it's time to buy some back? If I had sold a month ago instead of buying some, I'd be thinking of buying now.

    My timing was off, but it won't take long before the stuff rips higher, once again. As usual, only buy what you can afford to hold, and buy physical - not paper.

    If you are going to trade - PSLV which is backed by silver bars.

    sprott.com posts the Premium/Discount daily. As of March 20, 2026 there was a 5.80% discount.

Sign In or Register to comment.