Is Silver next?

[spencer rifle]

So is the tax on them 7%? I know something changed recently. I was going to order a 1oz coin and had a Krugerrand in my cart. I like Krugerrands. When I went to check out it added $131 in tax. I switched it out to a Britannia and the tax went away. Makes no sense. I think I heard it is based on purity, .9999 vs .999.

You are correct. There is a post outlining it somewhere upthread.


Here's what I found to be cheapest small-weight silver at the moment:
https://monumentmetals.com/1-oz-mintid-silver-round-bw.html

 

[DoggyDaddy]

Just ordered one of these. $219.90.

Buy the 10 Oz Unity & Liberty Silver Bar (New) | Monument Metals

Buy the 10 Oz Unity & Liberty Silver Bar (New) from Monument Metals, an industry leader in silver bars. Free shipping on all orders of $199 or more!

monumentmetals.com

 

[spencer rifle]

Of course Ag and Au prices dropped significantly since I ordered yesterday.

 

[2tonic]

What do my fellow INGOers feel is an appropriate premium to pay above spot for a 1 oz gold coin, such as a Brittania, Kangaroo, Maple Leaf, etc.
Not American Eagles as there is always an extra premium on those.
$100? $80?
Strictly speaking BU bullion rounds.

 

[ancjr]

What do my fellow INGOers feel is an appropriate premium to pay above spot for a 1 oz gold coin, such as a Brittania, Kangaroo, Maple Leaf, etc.
Not American Eagles as there is always an extra premium on those.
$100? $80?
Strictly speaking BU bullion rounds.

looks like going rate is $34 to $70

 

[2tonic]

looks like going rate is $34 to $70

Where? Monument is running $68 to $100. BTW, they have the lousiest search function I've ever seen. Provident is about the same.

 

[ancjr]

Where? Monument is running $68 to $100. BTW, they have the lousiest search function I've ever seen. Provident is about the same.

Cheapest Gold Coins Per Ounce Available | Buy Gold Coins at Lowest Prices

FindBullionPrices.com tracks the lowest premium Gold bullion coins, bars and other products available over gold spot price.

findbullionprices.com

 

[Mij]

Different eagles have different prices tenth ounce usually highest because most demand and least number available.

 

[blain]

Of course Ag and Au prices dropped significantly since I ordered yesterday.

I feel your pain of the "If only".
I frequently suffer the same symptoms when I pull the trigger on stocks.
Reminding myself that I WON'T buy at the bottom or sell at the top, helps me deal with it.

 

[DoggyDaddy]

I jumped a little early on another 10 oz. silver bar from Monument this morning. Thought I was at the bottom of the dip, but noooooo... It dipped again. Both gold and silver have dropped a lot today. So has the Dow.

I bought here:

 

[Mij]

Starting to look like a good buying opportunity. It’s Friday look at what the dollar is doing. In this political climate folks don’t want there money at risk when the markets are closed. Monday should be an interesting day.

 

[Mij]

OK, I get it now. Been outside driving t posts and setting corner post all day. Just saw Fed. Chair. J. Powell speak. His remarks caused the market to take a dump, so of course the metals market has to be manipulated down to allow the big money guy’s to buy in to paper metal. Of course the market will eventually rebound (maybe), and then the paper metal will go up with it. Thereby allowing the paper guys to protect their FRN’s while taking some profit. This bodes well for those of us that own physical metal. We will win in the end, or our children or grand children. Keep stacking folks, time is on our side. JMO of course.

 

[Mij]

What market forces could be in play to possibly cause metals to fall at the same time as the DJA? Money race’s to metal in a down turn. Metals should be going up as demand increases. If this doesn’t tell everybody something, we’ll I don’t know what to say. Of course there is always “there’s your sign”.

 

[rosejm]

Selling commodity positions to cover margin calls on their stock positions.

When all the big swingers are doing it, there's not enough buyers and the settle price tumbles.

 

[Mij]

Selling commodity positions to cover margin calls on their stock positions.

When all the big swingers are doing it, there's not enough buyers and the settle price tumbles.

Very good point, thank you for a different prospective.

I (and many others) still believe the market (metal) is manipulated, to many other situations and demonstrations of manipulation for some to believe true market forces are at work.

Regardless it’s still paper metal, add the total ounces in paper and compare to all the metal ever mind, the disparity is glaring. And of course JMO.

 

[ancjr]

Very good point, thank you for a different prospective.

I (and many others) still believe the market (metal) is manipulated, to many other situations and demonstrations of manipulation for some to believe true market forces are at work.

Regardless it’s still paper metal, add the total ounces in paper and compare to all the metal ever mind, the disparity is glaring. And of course JMO.

Someone made the point that there are several times the number of paper ounces traded every market day than exist for good delivery...

 

[hANNAbONE]

Shame on me, but recently I thought I'd invest in crypto to finish off that market once and for all. I'll get back on silver soon, but I'm shocked at how stable the silver market has been with everything going on recently.

That's because it's all "paper silver"...not actual ounces of product trading hands.

 

[snorko]

Current paper to physical ratio is 379:1. scary.

 

[MindfulMan]

That's because it's all "paper silver"...not actual ounces of product trading hands.

Product has reached my hands ! (and that of my presenter)
When silver dipped a bit last week, I picked-up two of these through Silver, Bull, Gold.
I've always loved this design.

 

[ancjr]

Current paper to physical ratio is 379:1. scary.

I think the velocity of the paper is more concerning that the quantity...