Silver hits $100 USD

anyone else try and source silver. I had a bullion dealer tell me min order is 10 000 now. You cant even get silver unless you drop 10 000

plan accordingly
 
↑View previous replies…
I am pretty sure SilverGoldBull is still selling it. They had stock this morning on maples.
 
100 dollar USD an ounce from what i hear is a good deal versus what is coming. This dealer i have dealt with before in Edmonton they are a small shop and they dont have anything left to sell not even gold. I didnt follow the fellows logic about guaranteed delivery due to supply constraints or whatever issue he was having. Sounded like you put 10 000 in and if he delivers say half the amount you got the rest of your money back. Apparently to order silver there is min orders on his side.

i would hate to be a bullion dealer right now. Changing fast
 
Last edited:
Spoke with my old man yesterday - he hasn't steered me wrong yet. Every time I have listened to his investment advice, I made bank.

He told me that he expects silver to be equal with gold in the not too distant future. Of course that sounds nuts, but he hasn't been wrong yet....

Of course, this also means that the dollar will be shit in this condition. So there will be hobos everywhere. We will see i suppose.
 
normies havent caught on yet but when they do you know what will happen
 
↑View previous replies…
@brutana_dilewski once normies figure it out there wont be any stopping the price. Wait till banks also start paying out because they cant deliver silver for silver certificates getting cashed in. People wont want the money they will want the asset. Dollars will be near worthless so why take dollars
 
I would expect silver to narrow the gap but Im not sure if it would be on par. I blame central banks for gold. For silver i blame industrial demand.
 
use your credit cards to buy real silver and gold and then default??

lol

just like China does
 
I do believe many places charge you extra if purchasing with CC.
 
↑View previous replies…
Here is what is happening with the refiners. They are backlogged for 3-4 months, this makes it harder to sell junk silver which needs to be refined. I don't think this affects 999 fine silver though. Supply chain issues and market dysfunction can cause the silver price to rise violently.

Major Refineries Stop Taking Silver - Phoenix Refining

Some top refineries are refusing more silver scrap—see why and what alternatives scrap holders should explore.
www.phoenixrefining.com www.phoenixrefining.com
 
Precious metals are very volatile, just a warning to anyone yoloing. That being said your investment portfolio should include a gold/precious metals
 
I have some confidence in silver because it is a finite resource that is rarely recovered after using in many industrial applications. Things can always change, but it looks like silver is becoming a key resource in several technology sectors because of its great conductivity and anti-microbial properties. If war happens to break out, silver consumption will increase as well.

Even when I feel skeptical, I still think it's a better long term investment than fiat dollars in the bank.
 
I bit the bullet and scooped up another 90 oz over the weekend. Looks like the right call.
 
Do you buy in maples or bars?
 
maples. i don't buy bars anymore because of the prices. 10 oz isn't too bad but 100 oz bars now cost a small fortune and would be hard to sell unless the buyer has deep pockets. Best to default to 1 oz. I would love to trade some of my bars for smaller rounds.
 
Last edited:
Well I don't know how to take this, I mean being Chinese they might actually be able to get some gold out of the ground. God knows the Chinese ain't going to put up with indian bullshit. Well I guess the trade deal is working for China.
 
You must log in or register to reply here.
Back
Top