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  1. #16
    Silver Fiend

    Oct 2009
    9023 times
    All Types Of Treasure Hunting
    Quote Originally Posted by Plumbata View Post

    Don, did you manage to grab some <12 spot silver in March? ....... We don't need a Biden to goad the PM bull I don't think, and I honestly don't see the possible Biden presidency as a particularly significant tailwind here, but it's always good to hedge your bets!
    There was no $12 silver available from mints or refineries. But you know the mines were still mining and the refineries were still cranking out the bullion. Its all just sitting there in giant stockpiles.
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  2. #17

    May 2012
    2022 times
    All Types Of Treasure Hunting
    Yes I know, that's why I specifically stated "<12 spot" as premiums were crazy, cheapest I recall getting bullion for in March was 14.87/Ozt with premium. If I were a miner I'd be hoarding the stuff too and wouldn't be fooled into parting with physical at prices set by the trading of billions of unbacked paper/digital derivative ounces. It's plain stupid. Not sure what "big stockpiles" you are referring to but unlike gold I'm not really seeing stockpiles of silver waiting to be liquidated outside Peru or Poland so please share if you've seen some juicy info about it.

  3. #18
    Charter Member
    An unidentified coin is a piece of metal. An identified coin is a piece of history.

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson)
    Minelab Explorer
    14728 times
    Honorable Mentions (2)
    When I first felt Trump was losing ground, I started buying gold. When possible, I continue to average up my meager holdings believing gold will surpass 2K before the election. If Biden wins, I'm OK with the gold. If Trump wins, I'll quickly switch to equities.


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