Yep, and that's why goldcollector is still clutching the silver that @Garlicus paid him for years ago.
Howdy folks, We've been through this before. It's a classic example of artificial price controls. The paper price of gold and silver is below what the street price. This results either in supply shortages or premiums skyrocketing or both. We're seeing both. It's the same thing when interest rates are 2%. Try to get a mortgage near there and the banks are empty. Sorry. However, if you're willing to pay 4-5-6%, well maybe they can find some money. Nixon gas price controls. That said, the supply is drying up very fast the demand is absolutely freaking huge. Be damn careful people, and so it goes, peace, rono
Well........ What I know is that I've had 3 phone calls in the last week from old friends asking me where to buy gold and silver. I know for a fact one of them was talking six figure money.
Or...... they purchased their inventory in the $16 spot range and don't want to sell it for a loss. Their safes might actually be full. Try selling silver to them and they'll be whipping out the cash.
Sitting on inventory doesn't keep the lights on. They'll say they can't meet your price of $X because "I've got $X + Y in it myself", but once they start to get low on cash, they'll have little choice.
Nope. A dollar a gallon has been gone since the glut of the late eighties. Our area tends to have some of the lowest fuel prices in the country, but our latest governor wants to change all of that. We've been under $2/gal here for almost forever.
That'll be a new set of circumstances. Obviously things haven't progressed that far, yet. We're talking about todays reality.
I see a Walmart near Greenville, SC has it for $1.56. I'm in a little high-cost island, where most places are still above $2.20.
Be careful with ETFs as they are taxed at the collectible rate. Keep them in an tax deferred or exempt account. Rono