Extraction cost is about 1275 on average today. Anywhere close to that figure and you are “golden”.
In 2000 it was possible to buy gold below extraction price for several weeks.
Ignore at your own peril.
If you wait too long, a natural panic will set in.
well I’m a tiny investor who is trying to hedge for the long term by buying bits and pieces at different plateaus
So today I’m in at $1366 (plus $100 over spot for coin premium)
We’ll just see if the company can deliver it this week or I get an “out of stock” and refund
Silver prices (for coins) pretty stable even with drop in spot price, so holding off on that, today maybe all the focus is on gold
Guess the US losing 16% of its annual silver production this weekend in one huge mine landslide isn’t have much impact on silver, yet