Just Wondering About Silver Stackers?

I do not see silver falling to $15 because of the cost of production, which has been rising steadily over the years. Mining companies are not going to mine and sell silver at or below production costs. According to Steve St. Angelo at the SRSRocco Report, "the average All-In Sustaining Cost of these miners would still be $15.95." Miners need to make a profit to operate. Retailers who buy from the miners need to make a profit too so I see silver hovering around $25/ounce in the short term as it continues its inevitable climb to $_____ [you fill in the blank].

 

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Silver and Gold...all precious metals are real value. Paper is called fiat currency.
paper currency has value as a certificate . It is esthetic and obsolete currency are pretty but the value is esoteric - ephemeral. Metals have a long term value over the long term since ancient times. You keep it. You don't cash it in unless there is an emergency. It has use in computers ,industry, jewelry, and even in esoteric energy.
The governments pile it up in huge hoards and lock it away. Its value is in the metal itself. It backs itself up. Its not for fast cash. Of course you can't eat it so in one way it is useless. But is an ancient symbol of determined value. In one way grains and foods are more valuable, you can't eat nuts and bolts. And even more than metals one thing is more valuable than gold and silver, and that is the truth.

 

If you buy silver or gold you must have a sell it later price that you stick to or don't buy it. It's like stocks it's where the price is going that is important. Selling should be as easy for you as buying. The question is how much do you haft to buy to move the needle. You can sell some instead of all of your stack. It's not all or nothing. I buy monster boxes say at $16 a coin and sell at $25 or $20 and sell at$30.For peats sake sell something you will get the hang of it.

 

I buy from eBay once in a while. I also sell items I no longer use or need then when I get a decent balance in my acct I buy 1 or 2 silver rounds. It may be 2-3 dollars more but what I sell (tools, auto parts, DVDs, clothing, etc...), gets turned into silver....so no real complaints.

 

In the last three months or so, I’ve appraised coin collections from three estates, and subsequently sold two of the collections at this point. Fortunately, the so-called junk silver and silver bullion portion were appraised generally in the $23 to $25 spot silver range and sold at roughly $26 to $27. At the same time, I chose to sell most of my junk silver at about $27 spot. There’s been unpredictability recently in the world in many ways and that appears to be reflected in the volatile bullion market.

At this point, I have no clue what direction silver will go, for investment purposes.
Edit: The sale of silver was based on the approximate spot prices given above, with the usual multiplying factors.

 

I've watched it go up and down for decades. no reason to believe it won't now. the pumpers always buy high and then go away

 

That's the joker in the deal - even if you can find bullion at a low premium, the sales tax will add another 6-7% to your cost, a built-in premium that you won't recover when selling - I've stopped buying all bullion since the mandatory sales tax on PMs and the recent spike in spot prices - the bulk of my silver stack was purchased at spot prices below $20 (without sales tax).

 

I get my bullion form my parents $20 an ounce

 

Chicken or beef?

 

?

 

so it couldn't have been 12 dollars a year ago. LOL

 

You sell what you make for below your cost.

 

I remember last year my dealer had hundreds of hospital trust 1oz in his junk bin. I made a note to go down there with more cash, but spot went from $18-$24 in a few weeks. And I thought they were an uncommon design!

 

I'm not sure who the collectors are in our legislature, but they managed to get a law passed a few years ago repealing sales tax on coins and bullion. It does make it easier to buy right.

 

jumped .50 this morning

 

Not sure where you follow prices, but the chart on silverprice.org had it jumping from around 25.25 to 26.81 earlier in the morning. They currently have it at 26.17. Gold's given back most of its morning jump, but silver's hanging on a bit more.

 

Which state is that?

 

Nobody gets silver bullion for $20 an ounce in 2021

 

NC

https://www.avalara.com/taxrates/en...are-coins-paper-currency-precious-metals.html

It's funny -- I Googled the topic to find out exactly when the law had changed, and the first couple of results were pages from PM sellers explaining that NC charged sales tax on PMs, but since they were out-of-state, they didn't need to collect it on orders shipping to NC. Gives me a super warm-and-fuzzy feeling about any other info they're pushing.

 

Well, not in January, anyhow. The year is still young.