The mint has restricted or suspended sales so many times I cannot even count. They will start minting again when they can obtain blanks.
This is a temporary retail bubble that will soon settle down. The (paper) silver manipulation has gone on for so long with the full govt support they have seen it all, and know how to deal with it.
you cannot squeeze the house when the house can change the rules at any time.
however the retail supply chain is as depleted as the toilet paper aisles were a few months back, and premiums are stupid on everything.
I am sure everything will normalize in a month or two with the price about 25 and normal premiums.
There’s no way I’d invest in silver or gold right now.
I consider this a bubble. It will pop > IMO.
Honestly, if society collapses, or we hit a period of hyper inflation, 9x19 Parabellum might be more useful as currency than gold or silver.
Looks like the dealers will have to start paying a premium to the public to obtain silver if they want to stay in business. Overall, it’s a bullish situation and could be explosive if the public figures out that the silver ETF’s are not their friend. Only physical buying will end the corrupt paper market which has around 250 times the amount of silver than there is actual silver.
If you can’t hold it, you don’t own it....
Nothing feels better than a 100oz silver bar in your hands...well, maybe a 400oz gold bar feels better ;-)
I have loads of silver coins.... Mostly all worn out.,. So silver value only...
What do y’all think I should do?
Smells like deflection, to depress the price of GME??
Whenever there is reference to the "U.S. Mint" in any article, it should be followed - every time - by the disclaimer:
"A COMMERCIAL COMPANY NOT IN ANY WAY ASSOCIATED WITH THE U.S. GOVT."
That is all.
Regards,
Silver right now is trading @ 26.77. At the start of the year it traded from $27.50 to $28.
Is anyone frantically trying to buy US dollars? There is a shortage of them if you use the same flawed logic the liars are using here, the nationwide shortage of coins in US circulation for the past year.
There is no shortage in silver. There is a run on numismatic coins and small bars at the moment. But that is small part of the overall silver market.
bttt
“I just invested a ton of money in Gamestop, but now it’s on it’s way back down because people are buying silver. I’m going to go to message boards and tell people not to buy silver.”
I’m not saying anyone is being dishonest, but this IS the nature of investing. Any advice people give should be looked at with skepticism...including mine!
The game stop thing is done. If anyone is telling you to get back in, they either don’t understand what’s going on or they’re trying to take advantage.
Silver is never “risky” or a bad buy. You have something in your hand and metal only goes up. It might not be the get-rich-quick scheme everyone is looking for right now, but it’s still a smart investment.
In a SHTF situation, are you really going to trade bullets when there are looters and lawlessness everywhere? They will be too precious.
Silver is more rare than gold, more used than gold, but only about 1/50th the price. It doesn’t make sense. Something has to give, eventually. This whole silver thing isn’t about taking all the silver off the market. It’s about shaking the tree and seeing what happens downstream.
Last thing: do you really think the money changers are worried more about a little Gamestop stock than they are the metal markets? I think it’s more likely they are the ones telling you not to invest in silver.
Followed silver for years, and see its manipulation. Spot price is now around $27, but try to find physical silver at that price. APMEX has their products almost 50% above spot this morning. Did see Scott McKay (Patriot Streetfighter) have a show last night with a financial person to discuss silver. Seems the surge in silver on Monday was (at least temporarily) beaten back by the big boys, but don’t know how long they can hold back the flood. Gonna be an interesting ride...
The US needs to return to the gold standard.
It was once $32/oz now gold is worth about $60 per gram.
Just fix it to $60/gram and go forward. Nothing is better or more stable than a hard metal backed currency.
Of course governments can’t just run their printing presses for fiat currency then, they have to actually have it backed by something tangible.