TxGal
Day by day
They are sold out of many items, not too surprising! Also checked Provident Metals, they're pretty slammed, too.
ECON Hey Gang! Silver is Over $21!
- Thread starter Sub-Zero
- Start date
They are sold out of many items, not too surprising! Also checked Provident Metals, they're pretty slammed, too.
2dollarbill
Veteran Member
As they use to say back in the mid 2000's, "Silver has left the station". Someone probably realized there was a physical shortage, at least I hope they noticed.
2db
2db
Hfcomms
EN66iq
For silver from here on out your probably not going to be able to be very picky about what you buy. If it's available snap it up whether it is US, foreign or plain old rounds n bars. Gold is more plentiful if your just buying a couple of coins as for a lot of people gold is out of their ability to purchase in whole ounce sizes but the silver is going to dry up quickly because a lot of silver comes from base metal production and a lot of mining is halted or in slowdown because of the economic impact and Covid concerns among the workers.
I don't know, to all of the above. When I explored Monex as one option back years ago when I got started at this, they wanted their customers to leverage up. I would not and we came to a mutual parting of the ways. Buy physical, pay in full, take delivery and store under your control is my "business model."
Trust is paramount in the PM business. I have done business with a number of people, Tulving included - and look what happened to him. At this point the only ongoing relationship I have that is not OTC (over the counter) is with Franklin Sanders and family - The Moneychanger
If you can, find a trustworthy local or even regional dealer and get to know them ... OTC is the best way to go. Be careful!
Trust is paramount in the PM business. I have done business with a number of people, Tulving included - and look what happened to him. At this point the only ongoing relationship I have that is not OTC (over the counter) is with Franklin Sanders and family - The Moneychanger
If you can, find a trustworthy local or even regional dealer and get to know them ... OTC is the best way to go. Be careful!
The Cub
Behold, I am coming soon.
David Nettleton
Veteran Member
Check out the prices on e-bay, Doug. You will be pleasantly surprised.
Kitco appears to have NO silver eagles in stock less than the 500-coin buy for about $15,000
Doomer Doug
TB Fanatic
Oh, with all the %^>& going on I paid $18 for it back in March and April, so something went right. No plans to sell, it's my AR-15 and stash over the mountains funds. 
Doomer Doug
TB Fanatic
Max's Rules.
Take possesion
Pay Cash
I can't remember the third one
Served me well since I found this, don't know where and when.
Take possesion
Pay Cash
I can't remember the third one
Served me well since I found this, don't know where and when.
West
Senior
And keep your receipts! Say your name is Mr.Cash.
Just thought I should add that to your most excellent post!
Sicario
The Executor
And then you'll be shocked by the fees that Ebay and PayPal will extract from your payout.
Doomer Doug
TB Fanatic
WOW! $30 an ounce? Dang, looks like I got in for $18 jit.
Ah, more COVID. Scared me for a minute there. I would hate for my alpaca pasture venture to go wrong (Aurania - Home - Aurania Resources)
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019.
/snip/
- Pan American Silver Suspends Operations Of Its Silver Mines In Peru – SRSrocco Report
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019.
/snip/
- Pan American Silver Suspends Operations Of Its Silver Mines In Peru – SRSrocco Report
David Nettleton
Veteran Member
I'm not saying to buy or sell on e-bay. I wouldn't. This was just meant to be a picture of what someone believes this is worth, and believes there may well be buyers out there at this price.And then you'll be shocked by the fees that Ebay and PayPal will extract from your payout.
Sicario
The Executor
Oh, I understand. I'm just pissed by the high transaction fees involved in selling on that platform.
Switchback
Veteran Member
Once the silver shorts step aside, look out. Glory days will return. Demand is high. Supply is low.
desert_fox
Threadkiller
With my Uncle Trump money I purchased silver and each of my minions a 1/10 gold coin. Told them it is the only inheritance they are going to get (and the guns).
West
Senior
Watch the silver to gold ratio. The old dudes said to buy silver when high, over 100oz siver to one oz. gold is what we had not long ago (30 days ago). Even sell/trade gold to buy more silver. Many did just that.
If it hits 50 to 1 again and soon I think. I'm going to lighten my load of silver.
Because swimming across a river with $$,$$$ + worth of gold is a lot easier than with the same amount of silver.
Gold Silver Ratio Charts | Kitco
www.kitco.com
If it hits 50 to 1 again and soon I think. I'm going to lighten my load of silver.
Because swimming across a river with $$,$$$ + worth of gold is a lot easier than with the same amount of silver.
The Cub
Behold, I am coming soon.
Read the following on this topic:
Alasdair Macleod - This Is The Real Reason Why Silver Is Up Over 6% Today, Plus Gold Sees Massive Breakout - King World News
Today Alasdair Macleod spoke with King World News about the real reason why silver is up over 6% today, plus gold sees massive breakout.
kingworldnews.com
If anyone would be willing to sell me a tube of 20 at spot, please PM me.
Thanks!
Thanks!
SpokaneMan
Veteran Member
Hi. I'm William Devane, and I only by my gold from Rosland Capital. 
Hfcomms
EN66iq
Hi. I'm William Devane, and I only by my gold from Rosland Capital.
Lord how that twit irritates the life out of me! Has to be Rosland Capital you know because you get what you order from them. Like you don't get what you order from other reputable dealers. I know this guy is just a mouthpiece but he's a piece of work all right.
TxGal
Day by day
I have a question I've often wondered about. For those of you with far more knowledge and experience with silver rounds than I, is there any major difference between American Silver Eagles, and say, the Canadian Maple Leaf, or the Texas Silver Round, or an Australian round (love the Brumby), or a South African Krugerrand?
They seem to all be one troy ounce. Is the main difference more from a collector's point of view?
They seem to all be one troy ounce. Is the main difference more from a collector's point of view?
Hfcomms
EN66iq
I've bought quite a bit from Apmex. They are a big dealer and very well known and won't take people to the cleaners. I've bought from them on their Amazon storefront when the price was right as well as their website and delivery is usually within three or four business days or so and they will buy back as well. With Tulving the clue was they were selling so cheap they couldn't make hardly anything so you could discern that they were up to no good.
is there any major difference between American Silver Eagles, and say, the Canadian Maple Leaf, or the Texas Silver Round, or an Australian round (love the Brumby), or a South African Krugerrand?
The ASE is legal tender, the others are not. Is that a difference that actually means anything? I don't know. Not now, maybe later. I have sold off all my bullion gold except the first year lunar series from Perth mint, my only dabble with collectible stuff since mint quantities were limited from the outset and they were just neat. Does having legal tender gold make any difference? Not now, maybe later, I don't know. Time will tell.
With lots of stuff, time will tell. 20 years ago I thought I would have more answers about PM stuff by now, but I just have more questions for the most part. And at this point I am a seller, not a buyer as circumstances require.
The ASE is legal tender, the others are not. Is that a difference that actually means anything? I don't know. Not now, maybe later. I have sold off all my bullion gold except the first year lunar series from Perth mint, my only dabble with collectible stuff since mint quantities were limited from the outset and they were just neat. Does having legal tender gold make any difference? Not now, maybe later, I don't know. Time will tell.
With lots of stuff, time will tell. 20 years ago I thought I would have more answers about PM stuff by now, but I just have more questions for the most part. And at this point I am a seller, not a buyer as circumstances require.
hiwall
Has No Life - Lives on TB
It is possible that in America people might lean towards accepting only US coins. Because of that I only have Eagles.
coalcracker
Veteran Member
The Canadian Maple Leaf coins are the purest gold and silver minted by any government. 99.99% pure.
Does that extra little purity matter? I don't know, but I can tell you this:
Over the years, I've only been able to purchase Maple Leafs in small numbers. Seems like people aren't cashing them in very often.
I agree that US currency coins are king, though.
Does that extra little purity matter? I don't know, but I can tell you this:
Over the years, I've only been able to purchase Maple Leafs in small numbers. Seems like people aren't cashing them in very often.
I agree that US currency coins are king, though.
day late
money? whats that?
Can you imagine making change for a 1/4 oz. gold piece for a transaction that cost an oz. of silver?
My first silver purchase was from a guy on Craigslist selling 3 tubes of Maples. I quickly realized how great of a score that was. That purchase opened up quite a rabbit hole, too. I quite enjoy my silver now.
Mikiekimi
I’m just here for the gasoline...
Similar thing here, bought my first SAE from APMEX in 2008 with $100 a month in silver purchases over the course of several years...glad I did it
Unloaded a little bit in 2011 when it was near $50 an ounce...bought a nice little beater car that I drove for almost 5 years. Resumed the ‘slow but steady’ purchases shortly thereafter...
Similar thing here, bought my first SAE from APMEX in 2008 with $100 a month in silver purchases over the course of several years...glad I did it
Unloaded a little bit in 2011 when it was near $50 an ounce...bought a nice little beater car that I drove for almost 5 years. Resumed the ‘slow but steady’ purchases shortly thereafter...
I'm glad I've been stacking as well. I'm not in it to flip it, but if/when it approaches $50 an ounce again, it's going to take some willpower to HODL. I suppose I should think ahead and decide what my minimum stack should be, so that I won't have to fight the urges to sell for profit.
Mikiekimi
I’m just here for the gasoline...
That's more or less what I do...maintain a certain level/stop buying when it gets in the mid 20s/sell a little in the $30s - $40s if I need something...
Although that 'certain level' has slowly grown over the years
In any investment decision there must be a plan to sell. If it is NOT an investment (made strictly to make money), considerations are different. Then you will have to decide what you are buying and why. If you are buying for insurance, then you will likely leave your holdings to your heirs. Etc.
223shootersc
Veteran Member
lost all mine in a boating accident with my black rifles
If you buy at $21/oz what would it have to get too before you could turn a profit considering the shipping, fees and other stuff skimming the top?
I could sell at a pawn shop, but I don't like getting screwed over.
(in theory, cause like 223shooterc I too lost it all in a boating accident)
I could sell at a pawn shop, but I don't like getting screwed over.
(in theory, cause like 223shooterc I too lost it all in a boating accident)