Is Silver next?

[Mij]

Dollar down ~.85, course is oil up.

Getting closer to that 80:1 I knew there was room for improvement. Silver had to go up a bunch or gold had to drop a crazy amount.

 

[nonobaddog]

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

I think they both have their place. Physical to buy and hold but around here it would be vary hard to buy and sell physical and make anything but with paper it is easy.
The main local shop here gouges both ways on metals.

 

[Mij]

I think they both have their place. Physical to buy and hold but around here it would be vary hard to buy and sell physical and make anything but with paper it is easy.
The main local shop here gouges both ways on metals.

100% agreed, anybody that knows me or has asked my opinion knows I always advise that metal is for multi generational holding. If you want to invest, there are much better vehicles. Physical is for long term storage of wealth.

 

[Magyars]

100% agreed, anybody that knows me or has asked my opinion knows I always advise that metal is for multi generational holding. If you want to invest, there are much better vehicles. Physical is for long term storage of wealth.

Or to use as bribes!

 

[Mij]

Or to use as bribes!

Yes, can I bribe you to take this fat steer off my hands for a 1/2 oz. Gold Eagle

 

[teddy12b]

My purchase didn't have the price dropping effect it normally does. I may have to do more.

 

[DoggyDaddy]

My purchase didn't have the price dropping effect it normally does. I may have to do more.

 

[snorko]

My purchase didn't have the price dropping effect it normally does. I may have to do more.

Well hold onto your hat, I was thinking about selling some kilo bars which means the price will go UP after.

 

[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.

Still waiting on this…..sent an update request email this a.m.

 

[Mij]

Still waiting on this…..sent an update request email this a.m.

Don’t know what it is, but something ain’t rite about this. I looked at there site. You should have got them waayyy before today. JMO

 

[Cldedhnds]

Response was they were sorry for the inconvenience, will pass along the details to shipping to send as soon as possible, and should be by Friday…. We shall see.

 

[Mij]

Market is open, watch your stack!!!

 

[teddy12b]

Anyone else noticed that the available "in stock" amount of silver seems to be greatly reduced. Used to be the whole website was available and now on monument and apmex it looks like most everything is out of stock.

 

[snorko]

Anyone else noticed that the available "in stock" amount of silver seems to be greatly reduced. Used to be the whole website was available and now on monument and apmex it looks like most everything is out of stock.

Premiums have gone up too. Oddly, Monument has type 1 Britannias on sale for about the same as rounds. Less than Philharmonics too which are usually the lowest tier 1 sovereign coin.

 

[teddy12b]

I think more and more of the silver out there is getting bought up with all the talk of the rest of the world going away from the US dollar.

 

[Hkindiana]

What is this 80 to 1 ratio that people keep referring to?

 

[DoggyDaddy]

What is this 80 to 1 ratio that people keep referring to?

It's mainly used by people that trade metals (as opposed to buying them outright). 80 to 1 is considered a good ratio to trade silver for gold (you can get 1 oz. of gold for 80 oz. silver). When it gets higher, like say, 88 to 1, then it might make more sense to trade gold for silver. That's my very amateurish explanation. Some of the more experienced guys may be able to explain it better.

 

[Leo]

ounces of silver price vs. ounces of gold price.

 

[Cldedhnds]

Looks like my purchase last Wednesday of Au and Ag was well timed for once.

20 business days to delivery from check clear….yeah the system is definitively getting purchase pressure.

 

[teddy12b]

My only order from monument was lightning fast.