Is Silver next?

[snorko]

Got the same email. Tough call on their part but I can understand prioritizing larger orders. Not that I am happy with it. The youtuber Yankee Stacking posted a couple videos of a tour of the SD Bullion facility. Really interesting. It shows how orders are processed and their storage of inventory.

I placed an order with Monument on 3/20 and received shipping notice 3/29. About normal, maybe a day or two longer.

 

[spencer rifle]

I also got the email, but have a few fallback positions - Silvergoldbull, Liberty Coin, and Monument. Plus there's always the LCS, but they are currently showing $5 over spot for 1 oz. silver.

 

[teddy12b]

With all the suppressed news of other nations going away from the US Dollar I'm a little shocked that there hasn't been an absolute run on all precious metals.

 

[Mij]

From a strictly observer standpoint it looks like to me, there is a lot of room for upward movement for silver. Gold doesn’t seem to be falling far enough to get back to a more traditional 80:1. Meaning that 5 buck premium may not be a bad deal. And like @spencer rifle said there is the LCS option, (a good place to look). If gold advances and holds at ~2000.00 silver will be a bargain at current levels. It has taken 2 weeks to get down to the current 83+:1 given the current economic situation you may want to consider some LCS phone calls. JMO and good luck.


PS: Don’t know what Silvertown premium is, might not hurt to give them a call. If you haven’t already. GL.

 

[Mij]

Got the same email. Tough call on their part but I can understand prioritizing larger orders. Not that I am happy with it. The youtuber Yankee Stacking posted a couple videos of a tour of the SD Bullion facility. Really interesting. It shows how orders are processed and their storage of inventory.

I placed an order with Monument on 3/20 and received shipping notice 3/29. About normal, maybe a day or two longer.

Those larger orders you both speak of are most likely not investors but industrial users. If so those guys buy in 10’s of thousands of ounces to buy the metal they need for there industrial needs, Solar and electrical. They see this as a time to stockpile for future needs so they don’t have to pay higher cost in the future, which would make there products more expensive to the end user. Making them less attractive against their competitors. Just my thoughts.

 

[snorko]

Those larger orders you both speak of are most likely not investors but industrial users. If so those guys buy in 10’s of thousands of ounces to buy the metal they need for there industrial needs, Solar and electrical. They see this as a time to stockpile for future needs so they don’t have to pay higher cost in the future, which would make there products more expensive to the end user. Making them less attractive against their competitors. Just my thoughts.

Fair point but I would think industrial users are ordering directly from Comex, buying 1,000 oz bars by the pallet.

 

[Mij]

Fair point but I would think industrial users are ordering directly from Comex, buying 1,000 oz bars by the pallet.

OK, makes sense.

Does Comex or CME sell (metal ) to businesses? Just curious. I thought they were primarily a paper silver out-fit. I’m probably mistaken, I’ve only had experience with my local broker.

 

[teddy12b]

You'll all be glad to know there is a price dip coming very soon. Placed another order trying to do my part.

 

[snorko]

OK, makes sense.

Does Comex or CME sell (metal ) to businesses? Just curious. I thought they were primarily a paper silver out-fit. I’m probably mistaken, I’ve only had experience with my local broker.

I may not be correct re comex vs true wholesaler. It aces like Silvertown,Sunshine, etc buy bulk 1,000 Oz bars to produce rounds and smaller bars. At least that's my understanding.

 

[Cldedhnds]

My SD order from the 8th with a cleared check on the 13th is still not shipped…..it’s not by any means a small order either….never seen this kind of a delay From them…in stock items to clarify.

 

[flyingsquirrel]

Just curious, what is a fair price for pre '64 quarters? Pawn shop close has 4 for $21.00

 

[ancjr]

Just curious, what is a fair price for pre '64 quarters? Pawn shop close has 4 for $21.00

If they aren't slicks, sounds about right for retail.

 

[Mij]

Just curious, what is a fair price for pre '64 quarters? Pawn shop close has 4 for $21.00

Check coinflation pre 64 quarters have 4.33 dollars worth of metals in them. So 4x4.33= ? You do the math and decide if it’s worth it to you. Best I can do. Good luck whatever you decide.

PS. How would you be situated if you had kept all your pre 64 quarters, dimes, half dollars, and silver dollars when they were in circulation? Just a thought.

And keep all the wheat or copper pennies you can find now. GL

 

[snorko]

Anyone have suggestions or experience selling silver that would typically have a significant premium? Granted, premiums are up all over but in the last several years I picked up a few tubes & partial tubes of British 2oz Queen's Beasts, Valiants, and Little John coins as well as some East Caribbean Central Bank (ECCB) Dominica Nature Isle coins. All are sovereign and current prices where available are well above comparable coins. I have not tried the local LGS yet as I would not expect to receive much if anything over spot.

 

[DoggyDaddy]

Metals definitely on the move today!

 

[buckwacker]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Might be the catalyst?

Edit: should have scrolled down a bit further. A couple more indicators in the mix.

Gold & Bonds Soar After Weak Jobs, Manufacturing Data; Rate-Cut Odds Soar | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Mij]

Metals definitely on the move today!

View attachment 267632 View attachment 267633

And climbing

 

[DoggyDaddy]

And climbing

And how!

 

[Mij]

AG, futures market looks good for holders of physical. Don’t care bout paper players.

 

[Mij]

And how!

Might reach 2022 highs.