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Old 07-15-2020, 09:13 PM #1
gladysvjubb
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How about that silver?

I really love silver. One day my friend came to visit and we both had a shitload of cash to invest. I pointed out to him that silver had closed at $2.50 an oz. on Friday. It was Saturday so we went to the biggest dealer in our neck of the woods and bought all his 100 oz. bars in stock with the promise of more on Tues if we paid for them now. Which we did.
Silver did nothing but go up from that point.

Silver 19.77 3:02PM EDT +0.24 +1.25%
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Old 07-15-2020, 09:19 PM #2
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I would not be at all surprised to see one or more cell-phone manufacturers come out with a "Silver Edition" cell-phone.

because of the Virucidal - or supposed virucidal - qualities of Silver.
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Old 07-16-2020, 05:53 PM #3
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Wish I got more when the price fell at the beginning of Covid. Stupid me only bought 25 oz.
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Old 07-16-2020, 10:32 PM #4
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Wish I got more when the price fell at the beginning of Covid. Stupid me only bought 25 oz.
there was very little available, and when it did become available the price was $3+ over spot.

in reality, you didn't miss much.
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Old 07-16-2020, 10:57 PM #5
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The only precious metal I have is a 1 gram Palladium Bar - Valcambi Suisse 99.95% pure bullion.

Only got it to say I have something in precious metals.

Probably get the same size in Gold, Platinum and Silver in time.

Like this collection.

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Old 07-17-2020, 01:17 AM #6
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there was very little available, and when it did become available the price was $3+ over spot.

in reality, you didn't miss much.
The big guys were sold out - JM Bullion, APMEX, etc - but some of the smaller outfits were taking orders with the price locked in and delayed shipping. I got a 10 oz bar for $150.30 from Golden Eagle Coins (should have ordered more) and a "5 oz starter kit" from Money Metals exchange for $60.22

Sometimes you can get discounts using a link from findbullionprices.org. Right now that same starter kit is $91.20 with the employee price.
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Old 07-17-2020, 01:51 AM #7
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Silver meh...

A few years ago when they were hyping the shit out if it silver was in the $30+ per ounce category.

Silver has obviously taken a significant plunge and had yet to get back up there. If you bought then you'd lost 1/3 of your investments.

Silver is not good, even gold as an end of the world currency I don't buy that bullshit. As we've seen from the pandemic is medical supplies, non parishable food, ammo and toilet paper have the most value when shit hits the fan.

Gold I see as only a good investment to make money over the long run. Like buying stock, buy it and sit in it and watch its value grow. The thing that sucks about gold is the buy in is so high.

If silver was to hit 10-12$ per ounce I'd buy in but I'm not seeing it as worthwhile right now
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Old 07-17-2020, 02:31 AM #8
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I have over $750 face value of US junk silver. and I'm holding... It's buried in vac sealed jars...


ps... fuck toilet paper....booze and weed will have the best return in a SHTF scenario..
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Old 07-17-2020, 02:31 AM #9
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I have over $750 face value of US junk silver. and I'm holding... It's buried in vac sealed jars...


ps... fuck toilet paper....booze and weed will have the best return in a SHTF scenario..
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Old 07-17-2020, 02:31 AM #10
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I have over $750 face value of US junk silver. and I'm holding... It's buried in vac sealed jars...


ps... fuck toilet paper....booze and weed will have the best return in a SHTF scenario..
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Old 07-17-2020, 02:32 AM #11
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Silver 19.52 8:19PM EDT -0.05 -0.25%
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Old 07-17-2020, 04:27 AM #12
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Quote:
Originally Posted by gladysvjubb View Post
I really love silver. One day my friend came to visit and we both had a shitload of cash to invest. I pointed out to him that silver had closed at $2.50 an oz. on Friday. It was Saturday so we went to the biggest dealer in our neck of the woods and bought all his 100 oz. bars in stock with the promise of more on Tues if we paid for them now. Which we did.
Silver did nothing but go up from that point.

Silver 19.77 3:02PM EDT +0.24 +1.25%
How much premium on the bars, or is that the 2.50, which is kinda high on 100 oz bars ref APMEX? I have some, and wish I had monster boxes of coins instead. Either ASE or my fave, RCM 4x9 leafs. That is because of counterfeits, and divisibility.

That ratio reverting to the mean will be a hoot.
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