Current Premiums. Silver Specifically

Discussion in 'Bullion Investing' started by bsowa1029, Feb 3, 2023.

  1. bsowa1029

    bsowa1029 Franklin Half Addict

    Last couple times at my LCS 90% was 17.5x FV.
    When I was there yesterday spot was right at $23 so at 17.5x that’s about $1.50 over spot per oz.
     
    GoldFinger1969 and longshot like this.
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  3. Heavymetal

    Heavymetal Well-Known Member

    Stopping by this thread as I sometimes do.
    Cobre mine in Panama forced to close. Copper, silver, gold.
    Nobody seems to like mining companies anymore
    See my posts #109 & #115 this thread.
    That’s all for now
     
    GoldFinger1969 likes this.
  4. Heavymetal

    Heavymetal Well-Known Member

  5. bsowa1029

    bsowa1029 Franklin Half Addict

    90% still at 17.5x face today.
    Eagles were $4.50 over spot. 2024 eagles $4.75 over spot.
    Grabbed this 1909 Barber for junk price. Other than the minor rim bump at about 11 o’clock, it’s a good looking borderline VG!
    IMG_9817.jpeg IMG_9818.jpeg
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    At $8.75, I would've grabbed it, too!
     
  7. rte

    rte Well-Known Member

    Seems $42 an ounce for vintage after a 10% buyers premium and shipping.
     
    GoldFinger1969 likes this.
  8. Heavymetal

    Heavymetal Well-Known Member

    If the Federal Reserve backs off even a little, silver will go straight up. It’s spring loaded like I’ve never seen.
    Demand was a record in 2023. Expected to exceed that in 2024 & beyond. Never thought I’d be a stacker again at my age but ya go with a tailwind. Don’t see much downside to PMs in my lifetime
    Later gators
    https://www.google.com/url?q=https:...8QFnoECBYQAQ&usg=AOvVaw0aMCdkAoC95M-Zg-cnl1TG
     
  9. slackaction1

    slackaction1 Supporter! Supporter

    Says.....Silver is on sale when its 22.00 to 23.00 an ounce.
     
  10. slackaction1

    slackaction1 Supporter! Supporter

    buy the dips gold and silver
     
    Last edited: Feb 14, 2024
    Heavymetal likes this.
  11. Heavymetal

    Heavymetal Well-Known Member

    Spring loaded for metals over the next few years
    I’ll have to start buying again.
     
    slackaction1 likes this.
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Mining companies have taken a torch to shareholder's capital.

    They've been black holes, destroying shareholder value. Jefferies initiated coverage on the sector today, only the depressed share prices saved the coverage ratings from being worse.
     
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