When are you hopping back on the GOLD and SILVER buying train ?

Who set it popped ? its just taking a bit of a break

 

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Read my response, post 14, where I explain the life and death of the 2024-2026 silver bubble.

 

For me it really doesnt matter which way it goes North or South i will always be a buyer, was going to buy 60 OZ of SILVER today only to be told by my LCS here in the valley until further notice there not buying any any SILVER not even ASE,S !
even Scrap GOLD is on the chopping block only 22 and 24K GOLD coins and bars
so bought a 1 OZ GOLD Pamp bar instead.

 

Your post is confusing. You were going to buy 60 oz but your LCS said they aren't buying anymore until further notice? What does that have to do with them selling you 60 oz? If they don't have any inventory and aren't buying anything, they won't be in business for very long. Maybe I read something wrong or you left a word out? Please help me understand. This isn't sarcasm. ??

 

Sorry i wasent more clear, basically based on what my LCS said about the current state of SILVER i changed my mind and went with GOLD

 

Gotcha. Sounds like they have plenty of inventory. Sounds like they don't want to buy because they are nervous and don't want to sell either because they'll take a loss. That's a hell of a position they got themselves into. I'm not making light of that, I'm sure plenty of coin shops are in that same predicament.

 

When you consider the possible volume and the money involved you can see why there so cautious.

 

The beauty of physical metals is if you are stacker, you have ZERO reason to sell if you don't want to. And you can buy at your own whims. Dealers don't have that luxury.

 

As an aside note.........I love to watch the flea's auctions and buy it now action, even when I have no intention of buying a thing. I just like the action, the coins, the junk, the retarded sellers that have no idea what is what, and an occasional unicorn of a great deal. But today, I noticed absolute junk Morgans are still selling above melt. It tells me buying sentiment is still extremely bullish, considering the junk coins being bid up to as much as $75. Those same coins were struggling to bring 30 bucks 6 months ago. That's a good sign for The Bullion Forum.