Is Silver next?

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  • spencer rifle

    Grandmaster
    Rating - 100%
    55   0   0
    Apr 15, 2011
    5,554
    149
    Scrounging brass
    I plan to add a round as a reward when she does something worthy.
    Our kids remember the Major Award and the Minor Award for good behavior, usually given out at dinner time, and they could wear it until bedtime.
    Major Award - my dad's WWII Victory medal
    Minor Award - my uncle's Good Conduct medal
     

    spencer rifle

    Grandmaster
    Rating - 100%
    55   0   0
    Apr 15, 2011
    5,554
    149
    Scrounging brass
    So, now that prices are rising rapidly, I keep getting emails that dealers are offering "their lowest premiums yet!" Where were you last month or last year when spot was lower?
    To quote Montgomery Scott, "Up your shaft."
     

    snorko

    Grandmaster
    Site Supporter
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    335   0   0
    Apr 3, 2008
    7,291
    113
    Evansville, IN
    Well for once I timed it right-ish. This morning I decided to order some random 1oz rounds Provident had on sale. Spot was around $21.80, price per round was $21.80 and the price for the rounds was $25.74. They are up a couple bucks now.
     

    Mij

    Marksman
    Rating - 0%
    0   0   0
    May 22, 2022
    219
    43
    In the corn and beans
    Didn’t know if that was different from other bullion dealers or not. I do business with a near by dealer for ASE nowadays no tax with those at my guy anyway, been away from generic bullion for a bit. Just wondering if folks were aware of our local (Indiana) outfit. I used them from 3.00 all the way to 11.00 however long ago that was.
     

    Mij

    Marksman
    Rating - 0%
    0   0   0
    May 22, 2022
    219
    43
    In the corn and beans
    Silver Town charges a markup fee, but no taxes when you buy in person.
    Ya, never drove over there and it’s been a while since my last order, if memory serves me correctly the premium was a buck per Troy last time I ordered. I remember there shipping was quick and the packaging was first rate. Rounds came in sheets of 20 sealed in clear plastic 10’s came singles sealed in same. Insured to my hands, UPS I believe.
     

    spencer rifle

    Grandmaster
    Rating - 100%
    55   0   0
    Apr 15, 2011
    5,554
    149
    Scrounging brass
    Indiana requires sales tax on the following items:

    Accessories
    Processed Items
    Copper
    Numismatics
    Foreign Gold Coins and Gold Bullion below .995 purity, Foreign Silver Coins and Silver Bullion below .999 purity, Foreign Platinum Coins, Platinum Bullion, Foreign Palladium Coins & Palladium Bullion below .9995 purity
     

    Magyars

    Master
    Rating - 100%
    25   0   0
    Mar 6, 2010
    4,050
    113
    Delaware County Freehold
    Indiana requires sales tax on the following items:

    Accessories
    Processed Items
    Copper
    Numismatics
    Foreign Gold Coins and Gold Bullion below .995 purity, Foreign Silver Coins and Silver Bullion below .999 purity, Foreign Platinum Coins, Platinum Bullion, Foreign Palladium Coins & Palladium Bullion below .9995 purity
    Maybe so, all I can tell you is last time we bought from Silver Towne and paid cash. They didn't charge us tax.
    As I stated in my previous post they did charge a not insignificant extra amount, spot plus X....
     
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    Reactions: Mij

    teddy12b

    Grandmaster
    Site Supporter
    Rating - 100%
    36   0   0
    Nov 25, 2008
    7,235
    83
    Looks like more opportunities to buy silver are coming up sooner rather than later. I have no issue driving the price down farther, but I'll wait a bit before my next purchase.
     

    Mij

    Marksman
    Rating - 0%
    0   0   0
    May 22, 2022
    219
    43
    In the corn and beans
    Just pulled the trigger on a British Gold Britannia from Provident.

    Good, saw there price, looks good.

    I’ve been trading the ratio’s for the last decade or so.
    50/55:1 Ag to Au.
    95/100:1 Au to Ag.
    Has allowed me to grow my pm’s with no out of pocket. Only made 3 trades I think, maybe 4, really have to watch the ratios closely sometimes you only have minutes to decide. It’s higher today than it has been in two years 87:1, I’m watching. It’s been welded at ~80:1 for quite a while. If it get’s to 95:1 I’ll have a good day.
     

    DoggyDaddy

    Grandmaster
    Site Supporter
    Rating - 100%
    73   0   1
    Aug 18, 2011
    68,560
    77
    Southside Indy
    Looks like I timed things right buying silver 2 days ago and gold yesterday. Both are up today. Maybe because of the coming interest rate hike? :dunno:
     
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