Trends are HOT right now, as of this writing GOLD has already eclipsed $4,490 per oz and SILVER is at $71.46 its just crazy ! as long as theres global tensions i think the sky,s the limit, whos with me !
At this point I'm starting to expect that we'll see silver hit $100 before we see it back down to $40. Last week I would've said the opposite.
But I'm more interested in seeing when it becomes possible to sell and get more than 85% or so of spot.
IMO, It's looking real good for silver to be the #1 investment for 2025. So, I'm working on a nice cordial News Years greetings for silver haters worldwide past and present. How does it sound so far? IN YOUR FACE MAGGOTS!
The conservative stacker in me has left the building. I don't discount anything in these uncharted waters.... And no, I am not selling.... Yet.
Unless you're selling really large lots, shipping also takes out a big chunk. And sales tax, at least in some areas. I'd expect the final hit to be more than 15% for most lots.
For me it doesn't really matter one way or another iam a buyer and thats the way it is and thats at any price always looking for more
You say any price you don't care.. I will sell you some at that price. Mr. buyer!! roll of morgans 2500.00 on sale on X-MAS EVE day only.........graded ones MORE but not as good as the SIGN on Funeral Home says WALKINS GET 30 % OFF.. MERRY SANTA DAY AND HAPPY HOIDAYS TO ALL ON CT...............AND YOU TOO mpcusa
Silver will most likely do what all the metals have done in the past. Gold, copper, lead, lithium, rhodium..........Shoot into the stratosphere, fall back some and trade on an entirely new reality. The silver price has been kept artificially low for decades and a major price correction is in progress. Triple digit silver will be the new reality.
Most US banks have exited their short positions. JP Morgan has even gone Long on Silver. That's part of the reason for the price increase over last several months. There are still heavy Shorts in the Silver Market, but the US banks have bailed, only holding a fraction of Short Shares in comparison to what they had. The Major Banks who exited are no longer defending their positions so the price is rising quickly. Shorts remaining are Toast!
Another big reason for PM's rising is the new Basel 3 Banking requirements. Nobody is talking about this and it's huge. Physical vs Paper Shift: Basel III's strict capital rules make holding unallocated or derivative silver expensive for banks, pushing them toward physical bullion, which enjoys better regulatory treatment (similar to government bonds).
I appreciate that as well, and happy Hollidays , when I say a buyer all the time, I dont plan on selling anything anytime soon that task will be left to my kids and grand kids 15-20 years from now, prices average out over time so not it in for the quick flip.
Be careful what you wish for. The gold and silver markets are killing the numismatic market (fun), and these high medal prices show that many people thing that the U.S. is weak and losing purchasing power. Which is more important to you? Making a few bucks on gold and silver sales and putting food on the table and a roof over your head?
Okay. I remember the late '70s and early '80s when inflation was over 20%. Not fun despite that fact that I had a good job and an employer who was giving out high raises to compensate.