Where will silver be going?

Yawn

 

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actually there's a lot of truth there

 

I believe it is safe to say no one knows where Silver, other commodities, equities, bonds, real estate etc. etc. will be going. These are unprecedented times, we have never seen this before so the is no frame of reference. With oil prices on the super cheap that will lower the production costs of Gold/Silver, so we may not see PMs as good safe havens, or they may outperform, there is no way to know. I read several articles where they touted bit coin as the new safe haven. It is a crazy World. I have to say cash is King, and then when all this shakes out, try to buy whatever is cheap.

 

If anyone had a Commodities crystal ball they would be wealthier than Jeff Bezos.

 

Wow, silver is up about 5% today and back to around $17. Since I mostly have American Eagles my guess is, that with premiums, we'll see Eagles selling over $30 by the end of the year.

 

The truth is not being cold. It's just the truth. I started with wheat pennies. That doesn't make them an investment. They are pretty much worthless unless in MS. Even that 1909 vdb is under $10 in typical grade. There are just too many Wheaties to be worth anything. Just like silver. There is nothing at all rare about silver. I still routinely find it in circulation. That's how rare it is. They just mined another 15,000 ounces while I typed that. And that's actually true.

 

The dealers are already asking $30 from the silvidiots.

The dealers are offering at most $19 to the silvidiots.

Nice spread

 

For me, I buy silver cause I like the coins, the precious metal content is of course a plus but I look at the coins as a love, not a investment for the most part. When I order silver coins, half is stacking but I try to obtain dates I do not have, the other half is collectablitily as I love the designs of some of the lower minted coins. Does price matter to me, yes, of course. If a $1000 Honda civic is currently selling at $4000, I will not buy. Thats kinda a bad analogy but you get the idea. But at the end at the day, it comes down to price, coin collectablitily, and current needs for my situation. I am holding off buying silver as the over spot price seems over inflated for the few coins I want, so I'll wait. If miss out, o well, I have a decent stack now which provides a smile on my face as mine is collectable to me. Do what makes you happy I always say and who cares what other people think

 

Hey Mike, how's it going?

 

prices are coming down, inventories are returning and premiums are dropping. we are passing another peak selling point

 

I took a watch to my local jeweler to have them replace the battery for my mother in law. He’s always had coins so I asked as I didn’t see any. His response was to politely laugh and say no and you wouldn’t believe the prices I sold them for. As soon as he gets any coins in, they are sold immediately.

 

Are all types of coins selling well? Or is it mostly the bullion ones?

 

It’s everything. LCS has a lack of stock of decent coins as well. Junk silver is hard to find and unaffordable when you do.

 

So the hobby is going strong then.

 

In my area, yes, very much so.

 

LCS with leverage have no problem getting PM's. Mine actually supplies smaller shops in the area

 

What ?

 

That's to broad of a question.
You'll have to narrow it down by quoting the topic.

Sort of like Wait What?

 

Higher grade (MS64 and up) Silver dollars are very strong. Check the prices on 1921 Peace dollars 63 and up compared with a year ago.

 

Where you getting these numbers. I see raw silver to buy is about $30 /oz +/- I did get some in 2020 at $11-16 but since that time it hangs in there at about $25 with a small premium so just the other day I got 10oz @29. You must be talking about silver stocks--Right. I don't read good things about silver stocks held in someone's vault..It may not really be there when you want to feel the real stuff. I am still hedging on the silver to be $50 very soon, early next year. I hope I am right on both sides of this rhetoric, You holding paper and me holding the hard kind from seriously good companies
Sull