Is Silver next?

[DoggyDaddy]

I don't even want to know what's going on with the FB Marketplace silver for $20/oz or less.

If it sounds too good to be true...

 

[Mij]

If it sounds too good to be true...

Darn tooten

especially watch out for those gold Buffalo coins, they are selling them on tv just made for the exact purpose of scammers.

China has been making 100 oz. fake Englehard bars for 20 years.

 

[360willys]

**** seven years ago when I worked at the pawn shop silver was nothing it's crazy how stuff goes up.

Sent from my moto z4 using Tapatalk

 

[Mij]

**** seven years ago when I worked at the pawn shop silver was nothing it's crazy how stuff goes up.

Sent from my moto z4 using Tapatalk

Silver is the same as always, the dollar is worth less. And will keep going down. Silver is not going up the dollar is going down.

 

[ancjr]

Silver is the same as always, the dollar is worth less. And will keep going down. Silver is not going up the dollar is going down.

Anyone that kept track of demand over the past couple years and how little effect it had on silver price definitely knows this.

 

[Mij]

Anyone that kept track of demand over the past couple years and how little effect it had on silver price definitely knows this.

Yep, been about ~80:1 with a few short exceptions for quite a long time. I got a chance a few months back when it decoupled and I got a good (in my mind) trade. Gold to Silver.

J. Yellen caused a big stir yesterday with her words. And you can tell by the market changes two days before her presser their was inside info trading going on. That, or a lot of people/financial institutions just coincidentally bought paper contracts before her presser.

Ya, and the markets are not manipulated.

 

[ancjr]

Yep, been about ~80:1 with a few short exceptions for quite a long time. I got a chance a few months back when it decoupled and I got a good (in my mind) trade. Gold to Silver.

J. Yellen caused a big stir yesterday with her words. And you can tell by the market changes two days before her presser their was inside info trading going on. That, or a lot of people/financial institutions just coincidentally bought paper contracts before her presser.

Ya, and the markets are not manipulated.

The market always seems to price in every word in advance and no one seems to notice...

 

[Mij]

The market always seems to price in every word in advance and no one seems to notice...

Oh it’s noticed, CFTC was shown irrefutable evidence by a trader and then they had a four year investigation, they came back with “we see no evidence of a crime here”. The trader actually committed a crime in front of there eyes. And they say no crime. It’s noticed, but the Fed. Res. Has our .gov by the short n curlies.

 

[DoggyDaddy]

Just ordered another 10 oz. silver bar from Monument. Spot had hit 23.45 after being above 24 most of the morning.

 

[Mij]

Just ordered another 10 oz. silver bar from Monument. Spot had hit 23.45 after being above 24 most of the morning.

Just a guess, it’s gonna follow gold up n down at ~80:1 give or take ~1oz. Absolutely no rime or technical or financial reason. But always remember this market is not manipulated.

 

[2in1evtime]

Bought silver and gold a few weeks ago when they were both down a bunch, haven't bought any since because i think the price will drop again dramatically. I may be wrong though it wouldn't be the first time. Housing in some areas is dropping, used cars not selling now as well as new ones too. Inflation isn't getting any better, just gonna have to see where it goes. One thing i have never done is invest in paper silver and gold, those that have may have a rude awakening like they did in 29??

 

[hANNAbONE]

always...ALWAYS buy the actual coin/round/bar.

I would never ever buy paper

 

[snorko]

Broke down and ordered some Philharmonics with this drop below $24. Of all the well known sovereign coins, they have about the lowest premium.

So be prepared for a likely drop now that snorko acted.

 

[ancjr]

pretty good dip this morn.

 

[DoggyDaddy]

I jumped a little early, but still less than I paid for my last 10 oz. bar.

https://monumentmetals.com/mintid-10-oz-silver-bar.html

 

[nonobaddog]

I jumped a little early, but still less than I paid for my last 10 oz. bar.

https://monumentmetals.com/mintid-10-oz-silver-bar.html

That is still like $28 over spot. Is that typical of what is available?

 

[DoggyDaddy]

That is still like $28 over spot. Is that typical of what is available?

That's still just $2.79 over spot (per oz.). That's pretty good these days.

 

[dieselrealtor]

MM has bags of 90% silver for $3.29 over spot, Philharmonics for $3.49 over spot with 100 or more.

Seems the quarters would be more desirable, no?

 

[snorko]

MM has bags of 90% silver for $3.29 over spot, Philharmonics for $3.49 over spot with 100 or more.

Seems the quarters would be more desirable, no?

They are up a tiny bit to $3.44449 over spot (their number) but I ordered some anyway. I am trying to focus on sovereign coins with potential resale in mind. These are as sovereign as you can get and, at $27.13/oz, are well below Maples, Philharmonics and certainly Eagles.

 

[ancjr]

The auction company that I got good deals from back in December has upped all their minimum bids.