Silver was over $50 and gold was over $4000. It’s us greedy Americans that are selling to take a profit. I’m not one of them.
Iam waiting for sustained levels of $50 plus, think were going to get there sooner rather then later.
More: https://www.mining.com/web/silver-traders-rush-bars-to-london-as-historic-squeeze-rocks-market/
Because of how the market is going, just crazy ! right now the mass majority of people are in buy mode for both GOLD and SILVER according to my LCS as they can't stock in fast enough.
Local supply/demand is quite different here in Syracuse. Dealers and pawn shops are swamped with sellers of mostly 90%. Offers of 20-25% behind spot. I’ve found private buyers lately at $38-42. Higher for silver dollars of course.
To add to my previous post, my LCS has raised the buy premium from 5% to 5 1/2 on generic bars and 6% on AGE,S and premium products including buffalos which really rains on my parade a bit but when you consider tax on the bay and the premium with no tax here in the state of Nevada its a no brainer !
With the price going up I decided to buy 7 ASEs today. I’m still ahead since it was with money generated from a small pile of 90%/40% junk US coins that were a recent gift from my MIL. I’m quite bullish with physical silver right now.
It is and will continue to rise. There will be profit taking every now and then but it’s up from here until the current world situation changes.
That's always the way to go, IF you can find them. Big win for both buyer and seller in private sales.How do you go about it? Anyway, to clarify, are you getting 38-42 for constitutional 90% silver dollars, or did you mean Eagles? I'm in no way doubting you, just wondering what the private market without a middleman is getting.
$38 to $42 for 90% halves & quarters 10 days ago.I’d be at 10% over that to sell today. Mostly sold for a relative. Eagles or Silver Dollars higher but I won’t sell much more. Just getting my SDB down to what I can carry to the vault. I bought more silver ETF, SLV.
I guess the pinch (and not a 'gamestop'-like internet ploy) is on. Reading that it is so strong, people are renting cargo ships to physically move silver to London due to the demand. Oh, and not a country guy, but always kinda liked this song...