So Who's Buying Silver, Anyone Buying Yet?

Discussion in 'Bullion Investing' started by fretboard, May 13, 2022.

  1. rte

    rte Well-Known Member

    I agree.
    It helps to buy things cheaper, like cents on the dollar then resell.
    Lots of people doing just that.
    One thing I learned as a young buck...if you buy it RIGHT you can sell it RIGHT QUICK :D
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    The catch -- one catch, anyhow -- is finding a way to "buy right" that isn't ripping off the people you buy from. And that's a very slippery slope. At one end of it, even cherry-picking isn't okay.
     
  4. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Still to high,my magic number is $20 at the most.
     
  5. fretboard

    fretboard Defender of Old Coinage!

    Sounds rich & famous! j/k :D Glad to hear you're putting that "foam" to good use!:smuggrin:
     
    rte and mpcusa like this.
  6. Andy

    Andy Coin Collector

    Maybe it is time to start investing in desalination companies
     
  7. Jeffjay

    Jeffjay Well-Known Member

    Maybe. The way things are going in the west , California may have no choice.
     
  8. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I would say if anything, boutique , would Avoid straight bullion.
     
  9. rte

    rte Well-Known Member

    Last pick ups.
    Huge premium, not a lot of money but you don't see these often.
    Screenshot_20220521-155944~2.png
    Got another ounce I'm watching that is actually low mintage of 250 and local to me.
    Let see where the premium cost fall on that one.
    Might be able to save $5 on the shipping.
     
    Eric the Red likes this.
  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The purchase I got coming in at weeks end, the premium is huge and ridiculous
    but its a want item not a need item, so will pay the piper on this one....LOL
     
  11. masterswimmer

    masterswimmer A Caretaker, can't take it with me

    My upper limit for buying silver is $16-$17/oz with $1.49-$1.79/oz premium. If it never hits those prices again, I'm set with what I've got. No need for me to chase the rabbit. I've got all the silver I need to pass down to the lucky recipients (my kids and grands).
     
    slackaction1 likes this.
  12. crazyd

    crazyd Well-Known Member

    Don't care about spot - could be $15/oz or $50/oz.

    What I do care about is sky high markups for minted physical silver and so I am not buying. Not selling either - will hold my collection for now.
     
  13. slackaction1

    slackaction1 Supporter! Supporter

    I say I am BUT every now and then there something, but have slowed way down and on HOLD WATCHING, HOPING, focusing on the gold somewhat now...
     
  14. Gam3rBlake

    Gam3rBlake Well-Known Member

    Picked up some 5 oz generic bars and I got some Buffalo generic 1 oz rounds that I’ve seen all over the place but never bought before.

    Both made by Sunshine Mint who apparently supplies planchets to the US Mint itself. If it’s good enough for silver eagles it’s good enough for buffalos xD


    They are actually really nice! I like them!

    I paid $25.41/oz for them which is about $3 over current spot but I bought them on May 12th when silver was $20.91 an ounce and it’s risen a bit since then so I did pay more than $3 per ounce premium.
     
    Jeffjay likes this.
  15. BearlyHereBear

    BearlyHereBear Active Member

    When ASEs hit 30, I buy.
     
  16. Gam3rBlake

    Gam3rBlake Well-Known Member

    Just needs to drop $3 more then ^_^

    JMB is selling random year ASEs for $33 if you pay by check.
     
  17. slackaction1

    slackaction1 Supporter! Supporter

    Why is an ASE considered a coin and not a round or just bullion?
     
  18. rte

    rte Well-Known Member

    Because It's government minted
    and has a denomination.

    Same as
    Libertad
    Krugerrand
    Panda
     
    Last edited: Jun 2, 2022
    -jeffB and 309bottles like this.
  19. Gam3rBlake

    Gam3rBlake Well-Known Member

    Yup it’s because an ASE is legal tender for $1.

    A silver round cannot be made legal tender for any amount as only the government itself can issue legal tender money.

    Mostly they do it for taxes & export reasons.

    In Europe for example legal tender coins are exempt from certain taxes that buyers of bars & rounds must pay.
     
  20. slackaction1

    slackaction1 Supporter! Supporter

    Ok someone told me the Red Book had them listed as Bullion. idk
     
  21. Kentucky

    Kentucky Supporter! Supporter

    Buy a Red Book and check
     
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