Discussion in 'Bullion Investing' started by fretboard, Jul 11, 2020.
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That is one reason I'm waiting. The panic buying will subside.
It may be an alright deal depending on condition but I don't want any! I'm not into all this silver hype at all! Just like I said, these are not normal times at all and I feel the little guys are the ones who are gonna take it in the shorts on this silver issue!
Sooner or later but it will subside.
Three dollars over isn't too bad but I still wouldn't pay it. I just don't have the interest, in fact I'm totally against buying silver right now unless it's at or below spot! Gold gets all my love, silver gets kicked to the curb!
I like both. And less than spot? Don't hold your breath, lol
I'm laughing but silver is not. Lol
My only point is since late Feb or March, the premiums have gotten ridiculous, too ridiculous for me! Sure, you can buy silver for $3 over spot, I've seen it online, but after taxes, you're screwed! The sure win, is buy both!
The sure win, is buy both! "
Sure win long term is to invest in an S&P Index fund.
I've been around...just don't post much...
Premiums are a function of how much people want it. Is silver started an ever upward trend like 2011, premiums would continue until near the top. If I remember rights, premiums continued to be high until the high 30's, then weakened in the mid 40s since most sane people did not believe there was any room upwards.
So yes, if people continue to believe silver will be $40 in a year or so and keep buying, premiums can continue to be high.
I am on the fence. I will keep what I own at these prices, but will not pay current premiums. Get it back up in the 40s and I am sure I would part with some.
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