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  1. #16
    us
    Aug 2009
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    Yeah, always thought the paper market is a sham that looks to take regular people out of their money. It's run by big money computer algorithms. Who knows how low those big banks will try to take the price of paper silver. Always look to buy physical. Buy if physical silver is low. I would laugh if someone bought options and actually demanded delivery. In times like these, people will hoard. It's instinctive behavior.

  2. #17

    Jun 2016
    New York
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    I have only bought rounds and bars in the last week. No junk . I know they are charging more per ounce but I still only paid $15.15 a ounce after their markup. Silver will eventually go back to $18 so I wonít lose any money.

  3. #18
    Charter Member
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    bolle

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    BUY BUY BUY BUY!!!
    6 More Years in CA , then we can escape to "Free America".......

  4. #19
    Charter Member
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    Feb 2008
    Great Lakes State
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    Quote Originally Posted by Dannycoco View Post
    I have only bought rounds and bars in the last week. No junk . I know they are charging more per ounce but I still only paid $15.15 a ounce after their markup. Silver will eventually go back to $18 so I won’t lose any money.
    Then what I wrote was wrong. Good deal.

  5. #20
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    Yup what a weird world. Here the prices dropped but there was no metal left to buy. I turned a friend onto some platinum too far up the road for me and he scooped the last of it like a bandit at $630 but the markup was terrible. Still an oz of platinum for $730!!! He bought the place out. I couldn't find anything to buy so I am twiddling my thumbs. The markup is ridiculous on most online sites and anyone half honest is sold out or laying low. Oh well hoping you all stacked enough away. In four months when we see the price at $30 oz ag I'll sell what I have. Then I'll be sad when it hits $50 I only have lead left. Thats if the lead doesn't need to get used first.

  6. #21
    Charter Member
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    Quote Originally Posted by Tommybuckets View Post
    Yup what a weird world. Here the prices dropped but there was no metal left to buy. I turned a friend onto some platinum too far up the road for me and he scooped the last of it like a bandit at $630 but the markup was terrible. Still an oz of platinum for $730!!! He bought the place out. I couldn't find anything to buy so I am twiddling my thumbs. The markup is ridiculous on most online sites and anyone half honest is sold out or laying low. Oh well hoping you all stacked enough away. In four months when we see the price at $30 oz ag I'll sell what I have. Then I'll be sad when it hits $50 I only have lead left. Thats if the lead doesn't need to get used first.
    What do you get in the sale?

  7. #22

    May 2006
    CO, AZ
    dfx, Ryedale!
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    Quote Originally Posted by Dannycoco View Post
    I stopped by LCS this afternoon and they had a sign in the window saying by appointment only due to the pandemic. Silver prices are diving so itís a good time to buy but I assume any silver stacker knows that and are clearing out the coin shops. Anyone else seeing this in their town?
    Look at the prices. I marked prices from about a month ago. Spot was $17.70 and Eagles were $21 at APMEX. 90% silver was about 14.2X face.

    Today spot is $14.65. Eagles are $26, and 90% silver is 16.8X face. SIlver is down but prices are for some odd reason UP BIG.

    I actually sold two monster boxes tonight, figuring with the spread as wide as it is when the panic goes away either the price willb e higher and my other boxes will be worth more, or the spread will tighten and I can buy back at a lower price. Or a combination of both. maybe price will be $17.00, but the spread tightens to about $20.20 on the eagles, where they should be.
    basque-man likes this.

  8. #23
    us
    Aug 2009
    White's MXT
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    If physical prices are up and there is a discrepency between paper and physical prices... wonder if anyone thought of buying on options market and try to take delivery of physical silver. Afterall, isn't that the original point of the options market? I've never done options but just thought the whole options thing is another wall street gimmick that I would like to see blow up in their faces.

    https://www.numismaticnews.net/artic...iums-up-strong
    Last edited by SFBayArea; Mar 25, 2020 at 07:32 AM.

  9. #24

    May 2006
    CO, AZ
    dfx, Ryedale!
    1,770
    230 times
    "Spot was $17- $18 a month ago plus whatever the shop charges . Now itís $12. How would I have paid more?"

    WHen spot was $17.70, Apmex had silver eagles at $22.20. Now, with spot at $14.65, they have eagles at $24.64. Raised the premiun to $9.99 per ounce over spot. WAY high.

    That's how you can pay more with a lower paper price of silver. true numbers. FYI
    basque-man likes this.

  10. #25

    Jun 2016
    New York
    330
    900 times
    All Types Of Treasure Hunting
    I paid $12.15 plus the shop charged $6. I only paid $18.15 total per ASE . And got generic rounds for $15.15 total per oz.
    basque-man likes this.

 

 
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