Andy Schectman says that the situation is resolving itself slowly and that premiums on 90% are starting to come back. China is still paying 12% arbitrage for silver, and above ground stocks are dwindling in the US.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Andy Schectman says that the situation is resolving itself slowly and that premiums on 90% are starting to come back. China is still paying 12% arbitrage for silver, and above ground stocks are dwindling in the US.
Dwindling? LOL there's gutter metal everywhere. 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?
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Why would it have to go to Europe to get melted??
No local capacity, maybe
IN THE UNITED STATES? I haven't heard anything about melters backed up like in Jan/Feb?
Refiners here still don't want the garbage. They got .999 coming out their ears. THKS!
What do you sell the garbage at? Happy to buy cheap garbage!
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Why would it have to go to Europe to get melted??
No local capacity, maybe
IN THE UNITED STATES? I haven't heard anything about melters backed up like in Jan/Feb?
Refiners here still don't want the garbage. They got .999 coming out their ears. THKS!
What do you sell the garbage at? Happy to buy cheap garbage!
Last physical I sold was at $108. Haven't been dealing with physical gutter since. Plenty of buys and sells on the paper side though, and then of course always dealing with real precious metals, i.e. the physical Au. 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?
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Hes stated many times that he is amazed at the amount of silver that keeps coming in over the counter. Other popular PM youtube personalities have commented similarly.
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Hes stated many times that he is amazed at the amount of silver that keeps coming in over the counter. Other popular PM youtube personalities have commented similarly.
He's almost always tied that thought together with comments about how much "main street" is out there struggling in mass and the number one reason for the constant dumpage. That with a real reputation for paying very fair and not turning away material has lead to Vermillion being a prime destination for his local market and very much beyond..
He's sending 90% junk out to be burned on the regular. So are many he talks to. One day that premium is gonna come roaring back.
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Why would it have to go to Europe to get melted??
No local capacity, maybe
IN THE UNITED STATES? I haven't heard anything about melters backed up like in Jan/Feb?
Refiners here still don't want the garbage. They got .999 coming out their ears. THKS!
What do you sell the garbage at? Happy to buy cheap garbage!
Last physical I sold was at $108. Haven't been dealing with physical gutter since. Plenty of buys and sells on the paper side though, and then of course always dealing with real precious metals, i.e. the physical Au. THKS!
Can you enlighten me as to how you got $108?
I sold earlier at $95 and had to have a quantity to get that price.
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Why would it have to go to Europe to get melted??
The reduction in refining 90% silver coins is driven by a massive liquidity and processing bottleneck caused by record public selling, high refining costs, and refiner prioritization of cleaner .999 fine silver.
“The time to buy is when there's blood in the streets, even if the blood is your own”- 18th-century British nobleman and financier Baron Rothschild
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
@jdimmick said:
Yes, they were buying the chase to 120, not any longer, sales are weak in shop for bullion, get an occasional buyer for a couple oz but mainly eagles if so. They do not want generic even discounted. 90% weak, a few people will buy a couple dollars face at times. Silver dollars, buyers want good deals, actually less than I can get shipping to wholesalers for.
I send 3 boxes a week to pinehurst coins with silver bullion, and some gold as well. They pay about as good as anybody, and I can pay a guy to drive it there in an hour.
Oh by the way, Ive watched vermillion enterprises on youtube, never been to his shop, but I can tell you he is a straight shooter, overly fair and does big business, If I were closer, I would give him plenty business myself.
Speaking of Brian Vermillion, he said in his update today that a significant amount of 90% constitutional is being shipped to Europe to be burned.
Why would it have to go to Europe to get melted??
No local capacity, maybe
IN THE UNITED STATES? I haven't heard anything about melters backed up like in Jan/Feb?
Refiners here still don't want the garbage. They got .999 coming out their ears. THKS!
What do you sell the garbage at? Happy to buy cheap garbage!
Last physical I sold was at $108. Haven't been dealing with physical gutter since. Plenty of buys and sells on the paper side though, and then of course always dealing with real precious metals, i.e. the physical Au. THKS!
Can you enlighten me as to how you got $108?
I sold earlier at $95 and had to have a quantity to get that price.
Sure, I walked into a LCS on 1/29/2026 with rolls of ASEs and walked out with $108 an ounce. If I remember correctly spot was somewhere around $112 at the exact time of transaction. Pretty sad receiving around $4 under spot for ASEs but as it turns out it was a good move. I believe within the next few days the crash started, and I was thinking man that poor guy lol. I later learned he had immediately locked in his sell price to an online broker minutes after I left his shop. I sold quite a bit in the mid $90's as well but $108 ended up being my tops for physical. 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?
I’d TTT my “buy day Friday” thread , but think it’s a waste of time to promote the idea of catching a falling knife.
Even so, I’m a buyer , because I’m a believer. It doesn’t fall in and out of favor, for me.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
@blitzdude said:
Sure, I walked into a LCS on 1/29/2026 with rolls of ASEs and walked out with $108 an ounce. If I remember correctly spot was somewhere around $112 at the exact time of transaction. Pretty sad receiving around $4 under spot for ASEs but as it turns out it was a good move. I believe within the next few days the crash started, and I was thinking man that poor guy lol. I later learned he had immediately locked in his sell price to an online broker minutes after I left his shop. I sold quite a bit in the mid $90's as well but $108 ended up being my tops for physical. RGDS!
.
You previously stated regarding silver: "nobody wants the garbage".
The shop owner likely obtained "spot" ($112), if not more, immediately after you sold it.
So why didn't you sell it to the "online broker" ?
Comments
Andy Schectman says that the situation is resolving itself slowly and that premiums on 90% are starting to come back. China is still paying 12% arbitrage for silver, and above ground stocks are dwindling in the US.
I knew it would happen.
Dwindling? LOL there's gutter metal everywhere. 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?
What do you sell the garbage at? Happy to buy cheap garbage!
Dwindling? LOL there's gutter metal everywhere. THKS!
Your continued derogatory remarks tell me that you must've lost a ton of money in silver. Que' sera, sera.
I knew it would happen.
Guess I’m the new garbage collector in town.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
Last physical I sold was at $108. Haven't been dealing with physical gutter since. Plenty of buys and sells on the paper side though, and then of course always dealing with real precious metals, i.e. the physical Au. 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?
.> @softparade said:
Hes stated many times that he is amazed at the amount of silver that keeps coming in over the counter. Other popular PM youtube personalities have commented similarly.
Knowledge is the enemy of fear
He's been out of touch for a decade plus lolz..> @RedneckHB said:
He's almost always tied that thought together with comments about how much "main street" is out there struggling in mass and the number one reason for the constant dumpage. That with a real reputation for paying very fair and not turning away material has lead to Vermillion being a prime destination for his local market and very much beyond..
He's sending 90% junk out to be burned on the regular. So are many he talks to. One day that premium is gonna come roaring back.
COPPER is gutter !
Buy low. Then, buy lower.
Rather than continually posting today’s silver price I’ll just edit it every few days. As a matter of record….
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
Can you enlighten me as to how you got $108?
I sold earlier at $95 and had to have a quantity to get that price.
The reduction in refining 90% silver coins is driven by a massive liquidity and processing bottleneck caused by record public selling, high refining costs, and refiner prioritization of cleaner .999 fine silver.
“The time to buy is when there's blood in the streets, even if the blood is your own”- 18th-century British nobleman and financier Baron Rothschild
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Sure, I walked into a LCS on 1/29/2026 with rolls of ASEs and walked out with $108 an ounce. If I remember correctly spot was somewhere around $112 at the exact time of transaction. Pretty sad receiving around $4 under spot for ASEs but as it turns out it was a good move. I believe within the next few days the crash started, and I was thinking man that poor guy lol. I later learned he had immediately locked in his sell price to an online broker minutes after I left his shop. I sold quite a bit in the mid $90's as well but $108 ended up being my tops for physical. 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?
I’d TTT my “buy day Friday” thread , but think it’s a waste of time to promote the idea of catching a falling knife.
Even so, I’m a buyer , because I’m a believer. It doesn’t fall in and out of favor, for me.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
.
You previously stated regarding silver: "nobody wants the garbage".
The shop owner likely obtained "spot" ($112), if not more, immediately after you sold it.
So why didn't you sell it to the "online broker" ?
.