Is Silver next?

[nonobaddog]

Uranium spot price ticker SRUUF if you want to trade Uranium, ETFs for the miners are URA / URNM / URNJ and a gaggle of individual companies. Utility companies do something with it?

So you don't get the metal in your possession?

 

[ancjr]

So you don't get the metal in your possession?

Nope. Just like when you buy McDonalds stock you don't get Big Macs.

 

[nonobaddog]

Nope. Just like when you buy McDonalds stock you don't get Big Macs.

That kind of defeats the SHTF aspect of buying metals.

 

[ancjr]

That kind of defeats the SHTF aspect of buying metals.

Yeah, I guess it does...

Edit: If I were to make my post in another context, it'd be similar to saying: "I have a boat that's costing a lot to store and maintain and am thinking I'll sell it and buy platinum and silver with the proceeds"

 

[snorko]

This thread cost me once again .......( or perhaps "saved me " )
Have not seen coinage with that low of "Over spot " price in a while .

Yep. Current deal has a $10 face tube of their choice denomination for $184.54. At 7.15 oz per $10 face that's $25.80 per ounce for what may be the most recognizable format of silver.

 

[stocknup]

Yep. Current deal has a $10 face tube of their choice denomination for $184.54. At 7.15 oz per $10 face that's $25.80 per ounce for what may be the most recognizable format of silver.

Have glanced at prices randomly but not in great depth .........I personally like the coinage better , seems like last time I looked when prices seemed low that spot was + $7.00 over spot for coinage / Pretty insane to me .....( We ended up paying $25.77 per tube )
Jumped on quite a few .................

 

[teddy12b]

How do you buy uranium - and why?

I got some from a balloon that popped and fell from the sky.

 

[snorko]

Have glanced at prices randomly but not in great depth .........I personally like the coinage better , seems like last time I looked when prices seemed low that spot was + $7.00 over spot for coinage / Pretty insane to me .....( We ended up paying $25.77 per tube )
Jumped on quite a few .................

Indeed it can be wild. Since there is no more being made, the supply depends solely on people selling their stashes. I would suspect with the recent short term bumps in prices, many people sold off. So folks like Monument have a good amount. Heck I remember buying some at like $12-$13 per $1 face from Provident which at that time was a smidge under spot.

 

[spencer rifle]

Stuff has recently reappeared after being out-of-stock for a long time - sovereigns, 20 Coronas, Mexican pesos, guilders, etc. Apparently lots of selling when prices were high.

 

[ancjr]

Stuff has recently reappeared after being out-of-stock for a long time - sovereigns, 20 Coronas, Mexican pesos, guilders, etc. Apparently lots of selling when prices were high.

I've noticed the same. I really dropped the ball on the local auction that closed Sunday afternoon. There were several no reserve lots with various quantities of dimes and halves that had 0 bids.

 

[ancjr]

Combination of people burned out on the silver fad and having to sell to pay high interest loans.

 

[ancjr]

Looks like JP stopped the market standoff. Now we'll see what The Big Guy does.

 

[dieselrealtor]

Biden talking,
silver rising.

 

[DoggyDaddy]

Kicking myself for buying too early. Silver below 22 now.

 

[Mij]

Kicking myself for buying too early. Silver below 22 now.

To much disconnect gotta get them closer to 80:1 now almost 85:1. But don’t worry, it’s all about supply and demand. You know logical market forces. Silver wearing two hats ( precious metal and industrial metal) has quite a work load. Building all those solar panels takes a bunch. The manufacturer of said panels will buy in bulk when prices are down. Remember in his speech, the mumbler n chief said we will work on reducing our reliance on fossil fuels. So drop prices. Like I said market forces. Wink, Wink. No manipulation here. ….. Best of luck.

edit: in my uneducated opinion the only thing keeping silver as high as it is, is China buying all the gold it can get it’s hands on.

 

[ancjr]

Not an endorsement, and irrelevant to SHTF, but I thought I'd put this out there...

There's a group working on putting together a bank based on precious metals as a savings and loan:

Home - Battle Bank

Introducing Battle Bank Forging a new path to your financial future Learn More View from Battle Mountain, Vail Colorado The inspiration behind our name – Battle Mountain was exploredby prospectors in search of gold and silver that helped fuel westward expansion. JOIN THE WAITLIST Our Mission is...

battlebank.com

 

[Mij]

Not an endorsement, and irrelevant to SHTF, but I thought I'd put this out there...

There's a group working on putting together a bank based on precious metals as a savings and loan:

Home - Battle Bank

Introducing Battle Bank Forging a new path to your financial future Learn More View from Battle Mountain, Vail Colorado The inspiration behind our name – Battle Mountain was exploredby prospectors in search of gold and silver that helped fuel westward expansion. JOIN THE WAITLIST Our Mission is...

battlebank.com

The terms allocated or non allocated are red flags, see Morgan Stanley lawsuit on metals. JMO


edit: if you don’t have it in your hand……you don’t have it.

 

[ancjr]

The terms allocated or non allocated are red flags, see Morgan Stanley lawsuit on metals. JMO


edit: if you don’t have it in your hand……you don’t have it.

Allocated means you store it, unallocated means they store it. But yes, the problem arises when they store it and then don't have the metal available for withdrawals.

 

[Mij]

Allocated means you store it, unallocated means they store it. But yes, the problem arises when they store it and then don't have the metal available for withdrawals.

Yep, and they didn’t.
The problem (to me) is when you trust in someone else to have YOUR metals. Hence, if you don’t hold it. You ain’t got it. Not making a big deal just stating how I feel about it.

 

[ancjr]

Yep, and they didn’t.
The problem (to me) is when you trust in someone else to have YOUR metals. Hence, if you don’t hold it. You ain’t got it. Not making a big deal just stating how I feel about it.

I completely understand.

I even wonder when you buy at LCS or online, do you really know what's in the package? How many of us can tell?