Silver getting expensive again, watch out for the back lash..coming to a coin shop near you !

I had a long sit down with my local guy when i was there to buy some more GOLD on Saturday, GOLD buyers are still out in front of the sellers by 10-15% which is a good
formula for stable and the price adjusting up

However SILVER is a different animal, he,s personally seeing a increase in sellers versus buyers and as prices creep up the dealers and refiners start getting nervous, when that happens they stop taking in most SILVER or charge huge buy back premiums at a time when the price was over $100 the by back was minus $12.50 per OZ but look at numbers like that to return if the price goes in to tripple digits.

 

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I'm personally seeing more gold buying vs silver buying. There's a lot of uncertainty with silver lately. One day prices are almost $70 the next close to $60.

 

I'm not selling...

 

I'm not buying...

 

I think that,s par for the course, there,s just more value in GOLD, wat more though i have bought SILVER to get GOLD, will start buying 1/10 eagles to get me to the 1 OZ price point.

 

I was planning on investing in some silver in late September so hopely it drops down a bit by then.

 

If you can swing it, would recommend GOLD, maybe a 1/10 once eagle which is an excellent choice or some small gram bars.

 

I concur. I'm seeing the general consensus being to buy fractional for now. Yes the premiums are higher but you can still get it cheaper than a 1 oz.

 

I just did another trade up on my 1/10 OZ GOLD hoard. I actually prefer the really large bars heres my 5 OZ APMEX and my 10 OZ Camp branded bar and probably have another 18 or so 1 OZ bars a 50 Gr. Pamp bar and a mixture of Krugers and Eagles along with some proofs, looking right now to trade up to a kilo or 100 gr or half kilo but none of the local dealers tell me there just sent back to the refiners because of the current prices, would go the e.bay route but I refuse to be taxed I live in Nevada a no tax state on PM,S.