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
  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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