What is Happening With Silver?!!

Discussion in 'Bullion Investing' started by fretboard, Jun 27, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    It's amazing that silver stays around the same spot price but the retail price is so ridiculously high? The demand of silver is amazing and it's been that way for awhile. What the heck is going on here does anyone really know the answer or are we all in the dark on this issue? Any theories? :shame:
     
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  3. baseball21

    baseball21 Well-Known Member

    Yes, people are paying way more than they should thinking they're making a smart move falling for all the hype.
     
    goldcollector and NOS like this.
  4. fretboard

    fretboard Defender of Old Coinage!

  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    If the spot price stays close to the same price or moves upward slightly and slowly people start to think. Then there's the hype. Add the two together and what do you get. I better buy now before the price gets any higher. And add in all those saying it will go to $130 an ounce or higher. Not in my lifetime it won't.
     
  6. fretboard

    fretboard Defender of Old Coinage!

    You get FOMO! :D
     
    Collecting Nut likes this.
  7. FryDaddyJr

    FryDaddyJr Junior Member

    very few people make money off holding and selling bullion. Except the dealers. Remember most of the money made during the gold rush were people selling shovels and beans
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    I'm older so I'm lost on FOMO. Lol
     
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  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    Shovels and beans. I like that. :)
     
    dlts likes this.
  10. fretboard

    fretboard Defender of Old Coinage!

    Fear of missing out! :singing:
     
    Collecting Nut likes this.
  11. slackaction1

    slackaction1 Well-Known Member

    What's a fair price on 45 oz 90% it's mangled and cannot be gauged by face value. This was on a forum so I asked a few questions and waiting. First junk Silver is junk period and how do you know there all 90% if there all mangled up and cant read dates or make coin out?? THINKING OUT LOUD 723.33 spot so I wanna see pic and guessing here figuring bout 57.00 FV I like junk seems like that's all I work on is junk my whole life.
     
  12. kcg777

    kcg777 New Member

  13. HaleiwaHI

    HaleiwaHI Active Member

    Have you thought of refining & smelting the 90% into a mold that you would have fun making?
     
  14. Mr.Q

    Mr.Q Active Member

    I'm satisfied with what we have and very disappointed with what is going on with silver right now!
     
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    There's what so learned today, FOMO! Haha but no fear here. I have enough already. :smuggrin:
     
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  16. fretboard

    fretboard Defender of Old Coinage!

    Same here! :D
     
    Collecting Nut likes this.
  17. Collecting Nut

    Collecting Nut Borderline Hoarder

    It's good to be prepared.
     
    fretboard likes this.
  18. juris klavins

    juris klavins Well-Known Member

    I'm sure bullets were a common commodity as well - lots of varmints (animal and human) were drawn to gold mining activity in remote areas o_O
     
    slackaction1 likes this.
  19. juris klavins

    juris klavins Well-Known Member

    I've been offered about 70% of melt for sterling silver items (tableware, dishes, etc.) by the local coin shop - I'm sure that buying price would apply to bent, slick & damaged 90% silver coins as well - coins that the dealer can resell in his grab bag box will usually fetch a bit more
     
    slackaction1 likes this.
  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    FryDaddy mentioned that above my post. It struck me as funny but it's probably true. Lol
     
    juris klavins likes this.
  21. goldcollector

    goldcollector Member

    Get used to it
     
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