Is Silver next?

[Tyler-The-Piker]

Just had a thought occur to me... and I think I already know the answer, but I'll ask anyhow. Knowing this information before going to say, the Indy 1500, or any gun show where people are selling silver coins etc. at tables, is that a viable place to buy? I'm guessing it's not, since obviously people will be wanting to make a profit just like they do on ammo.

The metals market closes from 5p on Friday until 6p Sunday and most gun shows are on weekends so there's that. If it's a weekday show then have your phone out to check spot if you're ready to buy. I've gotten some great deals from INGO members. The gun community has a good portion of silver buyers/sellers/traders

 

[DoggyDaddy]

The metals market closes from 5p on Friday until 6p Sunday and most gun shows are on weekends so there's that. If it's a weekday show then have your phone out to check spot if you're ready to buy. I've gotten some great deals from INGO members. The gun community has a good portion of silver buyers/sellers/traders

I'm guessing there's an app for that? Or is it something that can just be googled? But yeah, most gun shows are going to be starting on Saturdays but the 1500 starts on a Friday afternoon. Is there usually much fluctuation between Friday closing and Sunday's opening though?

 

[Ingomike]

I have been hearing that silver may be headed in a similar direction to Gamestop. That silver is being sold on paper and it could take nearly a year to mine that much and the sellers may be short of the physical silver.

Thoughts?

 

[DoggyDaddy]

I have been hearing that silver may be headed in a similar direction to Gamestop. That silver is being sold on paper and it could take nearly a year to mine that much and the sellers may be short of the physical silver.

Thoughts?

You know I'm totally ignorant of this stuff, but I'm guessing that what you're describing would be applicable to "paper" silver (silver "stocks") and not so much to physical silver.

Edit: I'm an idiot. That's pretty much what you said!

 

[DadSmith]

All my children nieces and nephew's and soon my 1st grandchild all get a silver eagle of the year they graduated. I'm shocked how much one cost now that I bought for my oldest son's graduation. It's worth $99.95 now to collectors. I paid $18 for it then.

 

[Tyler-The-Piker]

I really recommend taking the 20min to watch the video I posted on page 3 (post #58)

 

[spencer rifle]

Ordered some junk when spot dipped below $27 last night. Gainesville Coin appears to be cheapest, but they want bank wire payment.

 

[Tyler-The-Piker]

Ordered some junk when spot dipped below $27 last night. Gainesville Coin appears to be cheapest, but they want bank wire payment.

nice move, that dip happened late and didn't last long

 

[Magyars]

Interested video. Thanks for posting

I really recommend taking the 20min to watch the video I posted on page 3 (post #58)

 

[Ingomike]

I really recommend taking the 20min to watch the video I posted on page 3 (post #58)

I did and a few others from there as well. Just wanted the collective wisdom of this group.

 

[teddy12b]

Just had a thought occur to me... and I think I already know the answer, but I'll ask anyhow. Knowing this information before going to say, the Indy 1500, or any gun show where people are selling silver coins etc. at tables, is that a viable place to buy? I'm guessing it's not, since obviously people will be wanting to make a profit just like they do on ammo.

Do you feel you're more comfortable buying precious metals from a stranger sitting behind a folding table at a gun show or from a web based business or a brick and mortar local store. I wouldn't have any intention in buying precious metals at a gun.

There's a gun show in Fort Wayne at the Coliseum on March 6th. Those have been going down hill for years and it's just a place to get gouged on junk now. I hope to attend a 1500 some day because I've heard good things about those shows.

 

[Ingomike]

Do you feel you're more comfortable buying precious metals from a stranger sitting behind a folding table at a gun show or from a web based business or a brick and mortar local store. I wouldn't have any intention in buying precious metals at a gun.

There's a gun show in Fort Wayne at the Coliseum on March 6th. Those have been going down hill for years and it's just a place to get gouged on junk now. I hope to attend a 1500 some day because I've heard good things about those shows.

For me gun shows mostly suck! Why? Because I am not dumb enough to be the sucker nor knowledgeable enough to to find the diamonds...

 

[Lumpy76]

All my children nieces and nephew's and soon my 1st grandchild all get a silver eagle of the year they graduated. I'm shocked how much one cost now that I bought for my oldest son's graduation. It's worth $99.95 now to collectors. I paid $18 for it then.

Good job. For Christmas my wife always wanted to buy the nephews (only boys on that side, 6 of them) toys but I would give an ounce or two of silver. Now that they are older they really appreciated it. One is using it for part of his first car now.

 

[DoggyDaddy]

Do you feel you're more comfortable buying precious metals from a stranger sitting behind a folding table at a gun show or from a web based business or a brick and mortar local store. I wouldn't have any intention in buying precious metals at a gun.

There's a gun show in Fort Wayne at the Coliseum on March 6th. Those have been going down hill for years and it's just a place to get gouged on junk now. I hope to attend a 1500 some day because I've heard good things about those shows.

No, I wouldn't necessarily say I'd be more comfortable. Just was wondering if most would be "legit", if I got a wild hair up my butt and decided to buy a couple of coins or whatever. Mainly thinking of pricing compared to regular brokerages. If it's like buying ammo at a gun show, then I would likely steer clear.

 

[teddy12b]

No, I wouldn't necessarily say I'd be more comfortable. Just was wondering if most would be "legit", if I got a wild hair up my butt and decided to buy a couple of coins or whatever. Mainly thinking of pricing compared to regular brokerages. If it's like buying ammo at a gun show, then I would likely steer clear.

I don't know how to test for silver being real or not, so for me I buy direct from websites like apmex.com. I have no real other reason for buying from them other than when I put stuff in the cart, calculate tax, and shipping it's usually the cheapest delivered to my house.

 

[spencer rifle]

Some things I learned recently:
Playing the metals market is like playing the stock market. Timing is extremely important, but all the logic and study won't guarantee you anything, except a little better odds.
Gainesville Coin seems to be cheapest on junk silver, but gold is harder to figure out. Austrian 100 Corona coins tend to have low premiums and be very close to an troy ounce of gold, but are not as widely recognized. Almost no one has Mexican gold pesos at present.
Findbullionprices.com is like the ammoseek of metals, though I haven't used it enough to trust it completely.

 

[KittySlayer]

I don't know how to test for silver being real or not, so for me I buy direct from websites like apmex.com. I have no real other reason for buying from them other than when I put stuff in the cart, calculate tax, and shipping it's usually the cheapest delivered to my house.

When I was buying gold last month at my local dealer who I have known for years he had a fake silver coin. From a layman's standpoint I could not easily tell the difference between it and real silver. If I were buying from someone I did not know/trust I would be very careful.

 

[Magyars]

Silver and gold both up this morning.
I suspect that over the next few months the trajectory will be higher.
Maybe significantly higher.

 

[teddy12b]

I think with the rate of printing money, and trillion dollar bills being passed it's past time to get some sort of precious metals in your hands right now. Timing is important in all things, but in this case I'd consider getting a certain level of precious metals a high priority and then try to worry about the convenience of timing purchases later.

At this point I would consider precious metals a higher priority than guns and ammo. Personally, I'm considering selling guns and ammo that I don't need at today's premium and using those funds to put towards silver.

If/when the US dollar collapses it's going to be a good idea to have something that'll easily translate into the new currency.

 

[spencer rifle]

At this point I would consider precious metals a higher priority than guns and ammo. Personally, I'm considering selling guns and ammo that I don't need at today's premium and using those funds to put towards silver.

Already doing that. Selling spare ammo and primers on farmlist for inflated prices to non-INGO people and turning it into silver.