Big changes coming for SILVER stackers, and its not all good :(

Even though prices have risen allot and thats a good thing right ? yes and no, in talking
with my LCS they are no longer taking anything less then .999 fine, and no junk silver !
so that means only branded bars or of course ASE,S but why, the price is high $116.35
as of this posting, but that the problems coin shops operate with positive cash flow but the refiners are not only not buying but there taking up to 21 days to pay the coin shops
and the price is posted on the 21st day so what ever the spot on that day is thats what they get paid, the huge spreads mean the coin shops could be out hundreds if not thousands of dollars on each transaction so my advice to other stackers is only buy branded bars or ASE,S, no junk silver or even Buffalo rounds getting sticky on those as well.

This will only get worse as SILVER sky rockets in value.

 

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Same with my LCS, I found out Monday, no junk silver! They don't want it and they can't sell it, they will only buy ASE's!

 

So there not buying Morgans or half dollars, quarters, ect... 21 days don't seem long to get paid thousands of dollars for your silver. Try waiting on the U.S. mail.

 

21 days is not what we are seeing.

At the shop I'm at, its 4-6 MONTHS.

 

So all those rolls of average Morgan and Peace dollars I been hoarding are now paperweights?