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<p>[QUOTE="Collecting Nut, post: 8622851, member: 74863"]Not at all. I expect double digit inflation. Prepare for the worse, pray for the better. I have my investments, T-bills, and precious metals. The PM’s are still dropping so it’s creating a buying frenzy.</p><p><br /></p><p>A junk silver dollar is now $30 at my LCS but can be found cheaper elsewhere. The prices over spot on both gold and silver are insane. But like my LCS says, “You can’t stop the public from buying.”</p><p><br /></p><p>He had to raise his prices because as soon as he gets them in, they’re gone again. He bought a 1000 ounce of silver and it was delivered 2 weeks ago. He said a guy was in the shop at the time of delivery and asked what was in the package. It was heavy for its size.</p><p><br /></p><p>The dealer opened it and showed him the 62 1/2 pound silver bar. The guy asked how much and bought it. It was over $22,000.00 and it was in the shop about 20 minutes. To me, that’s a buying frenzy as he can’t keep silver or gold bullion in stock. It’s very difficult to selling something that large.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 8622851, member: 74863"]Not at all. I expect double digit inflation. Prepare for the worse, pray for the better. I have my investments, T-bills, and precious metals. The PM’s are still dropping so it’s creating a buying frenzy. A junk silver dollar is now $30 at my LCS but can be found cheaper elsewhere. The prices over spot on both gold and silver are insane. But like my LCS says, “You can’t stop the public from buying.” He had to raise his prices because as soon as he gets them in, they’re gone again. He bought a 1000 ounce of silver and it was delivered 2 weeks ago. He said a guy was in the shop at the time of delivery and asked what was in the package. It was heavy for its size. The dealer opened it and showed him the 62 1/2 pound silver bar. The guy asked how much and bought it. It was over $22,000.00 and it was in the shop about 20 minutes. To me, that’s a buying frenzy as he can’t keep silver or gold bullion in stock. It’s very difficult to selling something that large.[/QUOTE]
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