Is silver a foolish buy right now?

absolutely

 

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It may help raising the rates in which it might slow down buying and this will help replenish supplies or give them more time to replace items that are vacant on store shelves I see empty shelves from time to time. We can get things stocked backed up for things ahead. wishful thought

 

And, of course, we have lots who claim to bring down the deficit with a decrease in taxes, akin to "we'll sell at a loss and make it up on volume". But that point, like your point, probably isn't a fit topic to discuss here.

 

Still buying.

Bought another $70 worth on Friday of foreign junk silver - Italy 500 lire, 1966 Spain 100 pesetas, a couple 60’s Netherlands 2-1/2 guldens and one 1975 polish 200 zloytch.

 

I will be careful, but would like to apolitical respond to this. Both can be true. "Sell at a loss but make up for it with volume" can be a 100% true statement. Any production facility expects X amount of sales, and allocates overhead and burden based upon that expectation. Let's say you sell it for $10, and your all in cost is $8. However, $2 of that is overhead. If you sell at $7 you would say it's a loss, but if you sell 3 times what is normal you would profit overall. People who make fun of this saying do not understand the intricacies of cost accounting.

Same for tax rates. Many, many times when the first year after a tax cuts yields greatly more tax revenue than the year under higher tax rates. It's very common. You can argue theoretically it's impossible, but usually happens.

 

I just got back from a local show. One dealer had 100 ounce silver bars that he was selling for $2250...

 

Silver did have a nice spike up on Friday, closing at $20.82. I don't know what premiums usually run for 100-ounce bars, but the lowest one on JM Bullion at the moment is $2444.

 

I'm often intrigued with small silver (and gold sometimes) coins if I can get them at close to melt... here is one of my latest small buys (dime for size)



I particularly like the 1/4 rupee coin...to quote some e-bay sellers "Looks high grade"

 

I'm sorry to hear that Jim--- I'd hate to think that 34 coins is so life-changing that the most important things in life could be squandered. I hope he's doing well, too.

 

Still buying world silver at a small premium over spot.

Bought: 1974 Barbados proof set, two 60s Canada dollars, a 1935 New Zealand shilling and a well circulated 1929 UK half crown.

$64 total

 

Someone locally has 18 mercury dimes for $22.
$1.30 melt put them at $23& change depending on the wear.
I won't see them until Tuesday coin meeting.
The last lot I bought years ago were 12x face with some meat left on them.

 

I buy what I can when I can and at the lowest price I can.

 

I've got a few days to mull it over.
I'd like to get them for $20.
The last lot I got in Laughlin and used blackjack winnings.

 

Hope you are successful.

 

I do not get the daily email anymore what happened.

 

A lot of members don’t. Seems to be a software problem or something like that.

 

I hope it gets fixed it's been like 2 weeks or so .thanks for the info

 

It’s been going on for about 2 months now I think.

 

Try going into your preferences and checking to make sure all is as it should be. Then hit the save changes. You may have to do that a number of times to see if it clears or resets itself.