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Silver still flying off the shelves

 
Anonymous Coward
User ID: 77201433
United States
02/07/2021 06:08 PM
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Re: Silver still flying off the shelves
Saw people in pawn shops actually buying physical at $500 cash/ounce
jlee2027  (OP)

User ID: 33981429
United States
02/07/2021 06:20 PM
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Re: Silver still flying off the shelves
Beyond
All money all the time.

User ID: 72988147
United States
02/07/2021 06:20 PM

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Re: Silver still flying off the shelves
They keep silver bars on pallets.
Get a rice outta me.
jlee2027  (OP)

User ID: 33981429
United States
02/07/2021 06:21 PM
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Re: Silver still flying off the shelves
so other countries 1oz coins are safe for holding value? Austrian, Canadian, anything with the queen....?
 Quoting: _Trey_


Maples, Aussy kangaroos and buffalo rounds are 9999 pure silver

everything else is 999
 Quoting: Anonymous Coward 79975052


All Excellent choices.
Anonymous Coward
User ID: 79131598
United States
02/07/2021 06:32 PM
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Re: Silver still flying off the shelves
Can you explain the silver squeeze thing.

So paper silver is entirely different than physical silver. Paper silver is going to end up in class action suits because they can't produce the physical and lots of people will lose tons of money. We know this part.

Physical is limited. Supply and demand. What will this distribution to personal ownership do to the price of silver this coming year? No one has been able to answer this accurately, with wild speculation up to 25k per oz. Then all kinds of estimates of price to ratio that doesn't make sense.

Reasonable estimates are Gold 5000 per oz. Silver 70 per oz. But what determines these prices?
 Quoting: Agent 99


Once upon a time...a dollar was backed by one ounce of silver and a twenty dollar bill was backed by one ounce of gold.

There are those who maintain that this "historic" ratio is the correct one.

It's akin to saying that since at one time people used horses for transport that we should maintain that an no automobile should have an engine that produces more than one horsepower.

It comes down to supply and demand. Which means the prices of gold and silver will vary and don't have any fixed value ratio unless a government decided to create such a relationship with a precious metal vs. fiat currency.

There really hasn't been a "distribution to personal ownership" at this point. Current owners have sold into the rallies, new owners have purchased what was sold.

That may change if the demand for physical silver continues and grows. If that demand does not persist and grow this is all much ado about nothing in my view. And yes, I've owned precious metals at one level or another for 55+ years.
 Quoting: Larry D. Croc


I thought I read someplace that the mining of gold to silver is 6 to 1, so gold should be 6 times more expensive than silver, which means silver is way undervalued.

Right now silver should be $300 an ounce.



.
Larry D. Croc

User ID: 70736097
United States
02/07/2021 06:48 PM

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Re: Silver still flying off the shelves
Saw people in pawn shops actually buying physical at $500 cash/ounce
 Quoting: Anonymous Coward 77201433



Tell us more, that sounds absurd.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan
Anonymous Coward
User ID: 79131598
United States
02/07/2021 06:52 PM
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Re: Silver still flying off the shelves
Spot price is at $27 right now: [link to www.kitco.com (secure)]

I can't imagine anyone paying $500 an ounce, but who knows what people in a panic do.
Anonymous Coward
User ID: 80012512
United States
02/07/2021 07:18 PM
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Re: Silver still flying off the shelves
Spot price is at $27 right now: [link to www.kitco.com (secure)]

I can't imagine anyone paying $500 an ounce, but who knows what people in a panic do.
 Quoting: Anonymous Coward 79131598


remember this time last year when a guy bought like 10 grand worth of hand sanitizer at all the local stores and was going to scalp for it online? lol. that's what people do. then the gov raided him for "hoarding" or whatever.
NoMasLibs

User ID: 78285073
United States
02/07/2021 07:44 PM
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Re: Silver still flying off the shelves
I enjoy 90%. Slow and sure. Still not convinced of silver but better safe than sorry.
Kill everything and everyone communist. Otherwise, have a nice day.
Anonymous Coward
User ID: 79877928
Canada
02/07/2021 07:52 PM
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Re: Silver still flying off the shelves
Metals are a hedge against getting wiped out. They're like the duffle bag with 100 grand in it every mobster keeps in the closet in case he has to run and lay low for awhile.

You General Motors stock might go to 10 cents but your silver never will. If anything it will sky rocket as GM goes to zero. No need to go berserk, 100 ounces should be more than enough to keep you going for awhile if things get dicey.

If 100 ounces isn't enough to tie you over for awhile, then that means it's never going to be over. In which case it's back to the stone age anyway. A truck load of silver wouldn't buy you the last loaf of bread. Because the only money left... is the last loaf of bread.
Lover_Girl
The Tripler

User ID: 76930201
Australia
02/07/2021 07:54 PM

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Re: Silver still flying off the shelves
Wheeeeee!
Lives for love
jlee2027  (OP)

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02/07/2021 09:07 PM
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Re: Silver still flying off the shelves
Lance Roseman From BC
Grand Poobah, Lance from BC

User ID: 77547432
Canada
02/07/2021 09:37 PM

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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027


O'Rilly? Tell me, when did you last make a car payment in silver?

tard
 Quoting: Anonymous Coward 77700141


I've bought beers with silver, my barber takes silver. In fact I got a free haircut and beard trim once when I hadn't seen Kim in awhile and she explained how the silver she had collected allowed her to eat for a few weeks when she was going through a rough patch. Never tried to buy a car with it. Au would probably be a better bet for that.
If you are not busy weaving your own magick, you are trapped in anothers spell.
"There are times you'll never remember with friends you'll never forget" T-Bone
Not only am I odder then you think, I am odder then you CAN think
"I have no fear to feed you" James Keziah Delaney
Anonymous Coward
User ID: 76612138
United States
02/07/2021 10:11 PM
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Re: Silver still flying off the shelves
Saw people in pawn shops actually buying physical at $500 cash/ounce
 Quoting: Anonymous Coward 77201433



Tell us more, that sounds absurd.
 Quoting: Larry D. Croc


Yea I know it is. The issue is small town folk like these are the type to really believe shtf already. They just see it as a small time that regular life will go on so there really is a serious panic going on with the majority of the people. Its partially thier lifestyle and fundamentalish upbringing. Probably will turn out these guys were right to take things so extreme considering the information anarchy blanketing everything.
Anonymous Coward
User ID: 73410670
United States
02/07/2021 10:12 PM
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Re: Silver still flying off the shelves
Here in San Diego all LCS's now are at $45 premiums, nobody has any, really weird, craiglist ads here are at $50, this disconnect is getting stupid. We went to the swapmeet today and found some Buffalo's for $33, guy only had 10, the US Mint has pricing at $67, strange times.
Anonymous Coward
User ID: 76612138
United States
02/07/2021 10:14 PM
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Re: Silver still flying off the shelves
Metals are a hedge against getting wiped out. They're like the duffle bag with 100 grand in it every mobster keeps in the closet in case he has to run and lay low for awhile.

You General Motors stock might go to 10 cents but your silver never will. If anything it will sky rocket as GM goes to zero. No need to go berserk, 100 ounces should be more than enough to keep you going for awhile if things get dicey.

If 100 ounces isn't enough to tie you over for awhile, then that means it's never going to be over. In which case it's back to the stone age anyway. A truck load of silver wouldn't buy you the last loaf of bread. Because the only money left... is the last loaf of bread.
 Quoting: Anonymous Coward 79877928


Very keenful insights. Spot on
Anonymous Coward
User ID: 79999891
United States
02/07/2021 10:16 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027

no its not! gold is money! central banks buy and sell gold not silver!silver is an industrial commodity!

.
Anonymous Coward
User ID: 76612138
United States
02/07/2021 10:20 PM
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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027

no its not! gold is money! central banks buy and sell gold not silver!silver is an industrial commodity!

.
 Quoting: Anonymous Coward 79999891


Gold was always the 'kings' money and does infact carry a fever with it. Silver is the 'common mans' money and actually will get you farther along in a mad max world. People will always go crazy for gold and thus it is unstable to a degree. Silver is more cool and not so hot. They both, gold and silver go hand in hand throughout history. Nothing will change this regardless of what happens. Its part of humans heritage.
Ken4767

User ID: 78311810
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02/07/2021 10:20 PM
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Re: Silver still flying off the shelves


Is tha5 the LGBTQ flag on that guy’s Twitter page?
Anonymous Coward
User ID: 79823694
United States
02/07/2021 10:21 PM
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Re: Silver still flying off the shelves
so other countries 1oz coins are safe for holding value? Austrian, Canadian, anything with the queen....?
 Quoting: _Trey_


gov coins are considered currency here and must be declared to customs, irs, etc.

blank or "disney" rounds are just industrial metals and do not get reported.

gov coins always have a higher margin. the country doesnt matter.
Anonymous Coward
User ID: 46156487
United States
02/07/2021 10:41 PM
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Re: Silver still flying off the shelves


Only in the US though. No shortage over here.
 Quoting: Anonymous Coward 80028405


Right. It's not a world market. Haha. Fly it over here and get rich. Haha.
Anonymous Coward
User ID: 57461690
United States
02/07/2021 11:01 PM
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Re: Silver still flying off the shelves
What about Kruegerands? Sp?
HarMegiddo

User ID: 79751988
United States
02/07/2021 11:05 PM

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Re: Silver still flying off the shelves
Silver Bowl 1







[link to youtu.be (secure)]
HarMegiddo
jlee2027  (OP)

User ID: 76568830
United States
02/07/2021 11:42 PM
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Re: Silver still flying off the shelves
This is only 2 dealers....I mean these are huge numbers.

Anonymous Coward
User ID: 38670599
Mexico
02/08/2021 01:08 AM
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Re: Silver still flying off the shelves


Most silver products from APMEX are not available !!
Lance Roseman From BC
Grand Poobah, Lance from BC

User ID: 77547432
Canada
02/08/2021 03:30 AM

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Re: Silver still flying off the shelves
They'll be happy to take your orders since they're going to filling them at a lower cost, ACT NOW BEFORE REALITY SETS IN!

Again. secrets
 Quoting: Anonymous Coward 77700141


Lower cost? LOLOLOLOL

Silver is MONEY.
 Quoting: jlee2027

no its not! gold is money! central banks buy and sell gold not silver!silver is an industrial commodity!

.
 Quoting: Anonymous Coward 79999891


Article I, Section 10, Clause 1:

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

To clear it up for you...


If you are not busy weaving your own magick, you are trapped in anothers spell.
"There are times you'll never remember with friends you'll never forget" T-Bone
Not only am I odder then you think, I am odder then you CAN think
"I have no fear to feed you" James Keziah Delaney





GLP