Silver Is On A Tear Today

Call it what it is… price gouging. The fuel here in the tanks didn’t change in five days. Most of our oil doesn’t even come from that region. It’s just an excuse to price gouge the public before anything has even been affected.

 

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Is it just me or does it seem like this is getting excessively political?

 

Meanwhile, silver still rose
Hello Force Majeure for delivery

 

This thread is about silvers price, not oil or gas prices. Thank you.

 

So sorry , we tend to get off track sometimes. Not sure about the rest of the people though.
On that note, How's things Metalheads?

 

I think we keep getting off track and going political. I don’t want this thread to be shut down for being political. A moderator warned us once and I see it happening again.

 

No, it's because with LIFO accounting, prices need to adjust ASAP. Otherwise, the business would be short on inventory and/or bleed cash.

If someone bought some gold 3 years ago, would you expect them to sell it today based on the $1,700 an ounce purchase price in 2023 ?

Oil is priced globally, with small regional differentials (i.e., WTI vs. Brent). Where you "get" the oil doesn't matter.

 

I bought a 2023P Morgan today, my first CAC. Paid more than I wanted. It is my first modern Morgan, not to mention it's my first CAC slab. I feel like I didn't get the best deal either. The doll of a Rus/UK girl that runs the shop packaged all the coins and you couldn't look at them, stapled the baggies shut too. I made her work. Told her I was a collector and wouldn't buy at her prices.
I looked thru probably 20 baggies of single coins. 32 Washies looking for Missing MM, quite a few 42 Mercs. some Frankies and some Canadien Dollars, and other world. I felt bad, I told her I was going to do it. Anyways I bought two silvers, more to satisfy my need to put away silver.

The coin is jacked in the insert. It was a terrible job, might even have caused the toning.



By the way, I am good with your talk about silver and it's value only. The Oil talk and Market talk all, do coincide with the why.