For all of the silver investors who are worried about the low paper price… DON’T BE. I didn’t expect to see such a dramatic sell-off in silver, but now that it has arrived, investors really can’t buy physical silver at $12.50-$13. Even Silver Rounds are selling at $15-$16 apiece… BUT you still can’t get them for WEEKS or a MONTH.
Here’s the DEAL… we are headed for SERIOUS TROUBLE ahead. I would not get too focused or worked up about the paper silver prices. We are just in the beginning phase of this global contagion. If you think Toilet paper is a hot commodity now, wait until more Americans wake up about Gold and Silver.
In Conclusion… we have entered into a collapse function of our Highly Leveraged Debt-Based Fiat Monetary System that was going to happen sooner or later. This global contagion just moved up the time-clock and speed.
It doesn’t matter that paper markets for silver are at $12.50/oz. NO ONE is selling physical at these prices.
I spoke to our local dealer. They are getting small amounts from some sellers at $20/oz, and then they have to mark it up from there.
I don’t see how futures can last like this. All it takes is someone to buy contracts, and then demand delivery upon expiry
Must be that colloidal silver stuff.......................
I have some silver but I’m interested in buying some stocks and I am woefully ignorant. My son just stopped by and I asked him to ask his boss what would be best and he said it wasn’t time to buy in yet.
On that note, we grow food, it is worth more than silver and gold and our canner says product is flying out the door and they have 100% of this year’s crop contracted.
Monday morning I saw silver was crashing and looked at buying coins. Think silver itself was $15 at the time. Coins were $17.50. Two hours later the coins jumped to $19. By the end of the day coins were at $22.
Silver was over $18/oz a couple of weeks or so ago.
When the stock market began tanking, silver dropped off the edge of a cliff and is now in the $12 range.
Gold also dropped some, but not as severely as silver, but it is still falling.
You would think the price of silver would be going up if there really was a massive surge in physical silver buying.
Nah, I don’t think the world economy is going to collapse. But there is going to a good cleansing. In an Augean stables manner. Silver is just a commodity and lacking in monetary value outside of a zombie apocalypse situation. Using it as money is just too clumsy in this day and age.
It's down for the count until this is all over.
I prefer to invest in brass and lead......
“Even Silver Rounds are selling at $15-$16 apiece… BUT you still can’t get them for WEEKS or a MONTH.”
Utter bullcrap. I picked up half a dozen last week. I spent ten minutes at the coin shop.
L
Anyone know what to do with a bunch of silver dimes? I have a few pounds of them and am unsure if I should keep them or what?