Discussion in 'Bullion Investing' started by SilverMike, Mar 14, 2020.
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@Garlicus paid him for years ago.
We've been through this before. It's a classic example of artificial price controls. The paper price of gold and silver is below what the street price. This results either in supply shortages or premiums skyrocketing or both. We're seeing both. It's the same thing when interest rates are 2%. Try to get a mortgage near there and the banks are empty. Sorry. However, if you're willing to pay 4-5-6%, well maybe they can find some money. Nixon gas price controls.
That said, the supply is drying up very fast the demand is absolutely freaking huge.
Be damn careful people,
and so it goes,
Be patient. There will be plenty available come summertime.
Or...... they purchased their inventory in the $16 spot range and don't want to sell it for a loss. Their safes might actually be full. Try selling silver to them and they'll be whipping out the cash.
Sitting on inventory doesn't keep the lights on. They'll say they can't meet your price of $X because "I've got $X + Y in it myself", but once they start to get low on cash, they'll have little choice.
Nope. A dollar a gallon has been gone since the glut of the late eighties. Our area tends to have some of the lowest fuel prices in the country, but our latest governor wants to change all of that. We've been under $2/gal here for almost forever.
That'll be a new set of circumstances. Obviously things haven't progressed that far, yet. We're talking about todays reality.
Sorry. "Today's reality" is a bit hard to keep up with lately...
That's your call.
Don't forget they're doing you a favor by selling it as it will only go up up up
For sure, but we're also seeing crude prices at levels that are rarely ever this low
$1.65 In southwest MO
Be careful with ETFs as they are taxed at the collectible rate. Keep them in an tax deferred or exempt account.
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