Is Silver Over Priced ?

Discussion in 'Bullion Investing' started by mpcusa, Mar 2, 2021.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I already have allot of silver, but I could always use more..LOL, most of what I have
    was purchased around the $13 OZ price point so hard to justify buying more at what seems to be a inflated price, any opinions ?
     
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  3. fretboard

    fretboard Defender of Old Coinage!

    Yes, definitely it's overpriced! And what makes it worse is the inflated premiums. I don't have any interest in buying silver when the spot price hasn't changed significantly for the last 6 months but the premiums have. I go on youtube and see all these sellers and the hype is insane! :D Historically the price of silver has only hit around $50 an ounce twice, but we're to believe that the Green New Deal is gonna do this and that. I don't think so... :meh:
     
  4. Kentucky

    Kentucky Supporter! Supporter

    WAY overpriced...I succumb sometimes (Commemorative 90% Silver Dollars at close to melt) but am trying to hold off... :inpain::inpain::inpain::inpain:
     
    Mr. Flute and fretboard like this.
  5. Numiser

    Numiser Well-Known Member

    Same here, I got spoiled while spot was around $13-14.
    I'm done buying silver.
     
    spirityoda, fretboard and FryDaddyJr like this.
  6. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    yes silver ASE's are still going for $30-$50.Haven't bought any 1 oz silver rounds in over a year stopped buying when it got passed $20 an oz.
     
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  7. FryDaddyJr

    FryDaddyJr Junior Member


    50??

    why??

    just buy a damned Asahi round
     
  8. fretboard

    fretboard Defender of Old Coinage!

    Problem is, even the Asahi rounds are pricey. All silver is priced sky high, generic to ASE's, it don't matter if there's a premium the premium is sky high! :arghh:
     
  9. FryDaddyJr

    FryDaddyJr Junior Member

  10. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    FryDaddyJr likes this.
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    The premiums are beyond ridiculous ! $40 - $50 on a 10 OZ bar, how can you ever
    make that money back.
     
  12. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    Market and demand is why ASE and others premiums are so high especially during this time.
     
  13. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Well this has been the story when it was at $13, it should be the same since the
    content is the same.
     
    potty dollar 1878 likes this.
  14. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    ^^^tell that to the mint and the millionaires who stack up on ASE'S .
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Name and addresses please...LOL
     
  16. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    Google is your best friend.
     
  17. Mr. Flute

    Mr. Flute Well-Known Member

    Agreed...but when I'm selling, it's underpriced. ;)
     
    Kentucky likes this.
  18. Santinidollar

    Santinidollar Supporter! Supporter

    If I had a stack I bought at $13, I’d be looking at taking some off the table at $26.
     
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    Considering everything yes it overpriced. But it's those dealer charges that are the real crime.
     
  20. fretboard

    fretboard Defender of Old Coinage!

    True in my area as well. Every LCS I've been to pays less for generics. Hey @mpcusa, I have an off subject question for you here. Are you still buying platinum at today's prices? Just wondering as I don't have much but today's prices are too high for my liking, how about you? :cigar:
     
  21. FryDaddyJr

    FryDaddyJr Junior Member


    do they pay sky high premiums like you rockefellers who buy them one at a time?
     
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