Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.
Perhaps I'll listen to that voice.
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Good luck finding any near spot.
One of the bullion dealers I frequent (providentmetals) is running out of bars!! Their front page is currently warning customers of "extreme order volumes". Holy crud.
Yeah now is the time if you can find low premiums. $17 for ASE is the cheapest I see anywhere.
The cheapest I see anywhere is you, you thief!
I try to shoot for bars when prices are low. ASE's have slight collector value over spot.
Then you should send @Garlicus his silver right now, so you can replace it in your hoard as cheaply as possible.
Yet I imagine most of you will buy at $19 or $20 crazy premiums and never be able to get a profit.
What do you use to buy PMs with? Bullion dealers don’t send anything on approval.
Don't be ridiculous. He makes his profits fraudulently by selling and not delivering!
I probably would have sold it if it wasn't for the fees.
I tried to steer the buyer over to CU.
Somebody fix the broken record.
ONE YEAR! That's a long time! Not.
No, just plausible but never-gonna-happen For Sale offers. Pay @Garlicus.
Yes I have very low expectations of those who stack silver because most have given me every reason to have low expectations. Case in point, somebody to offered RTE $40 an ounce and another case in point, many are buying ASEs right now in the $25-$30 range. They will never even break even on those unless they find another silvidiot to pay 60-70% premium.
Right now is one of the few times that you can actually make a gain on silver. You all love to think I'm anti silver but when it's a good deal, I say so. I said those bars at Gainesville FL were a good buy and silver is up $2 since I said so. Of course leave it to the silver crowd to snatch defeat from the jaws of victory. Much like a lottery player who always has to put winnings back in, the silver crowd has bought up almost all the $25-$30 silver while ignoring any low premium products because of the 4-6 week shipping delay.
It's really important to go low premium because obviously high premiums are hard if not impossible to recoup, but also because $19-$20 is the ceiling for some time to come. And I mean many many many many years. So these people paying $25-$30 and even higher, I do have very low expectations because it's just stupid. And some things are just stupid. Like people who spend thousands on Powerball, lotto whatever. It's stupid, no debating. Silver at 2x even 2.5x spot is stupid. There is tens of billions of ounces of silver. They just need 3 or 4 weeks to mint it into a bar or round.
I said silver will close this decade down just as it closed last decade down. And it will.
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