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Replies: 114 / Views: 16,291 |
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Pillar of the Community
United States
4333 Posts |
Quote:I don't know where you're shopping, but I would change vendors if I were you. JM Bullion currently has 5oz rounds for $80 and change. 1oz rounds $15 & change. http://www.jmbullion.com/silver/silver-rounds/ I checked out their website. There's supposedly a glut of silver from what I've read on here, but JM Bullion charges a 50% premium for junk 90%. Unbelievable - talk about highway robbery!
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Pillar of the Community
United States
5832 Posts |
This appear to be the trend for most vendors, at or near 50% premium.
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Pillar of the Community
Canada
2019 Posts |
Quote:but JM Bullion charges a 50% premium for junk 90%. Unbelievable - talk about highway robbery! If no one buys them then they will have to lower the prices, but if they are selling at that price then why would they lower their prices? I wouldn't... 
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Valued Member
United States
52 Posts |
The huge premiums on 90% junk silver coins, and the constant out of stocks popping up, is indication of a stock market crash in the near future. Usually a sign of people "in the know" building up inventories of commodities that are value/inflation protection forms. Saw a video recently on usawatchdog that was really quite intriguing when it comes to gold and silver and currency/stock market predictions. Suggests some big crazy moves may be coming.
Then again, who really knows. Though there do seem to be some major buying up of gold, and also silver, by big players.
Think we're finally seeing the beginnings of a permanent separation between paper and physical silver? A 50% premium over paper silver is actually very cheap given how much paper silver exists compared to physical.
Edited by Crescendo 09/03/2015 10:00 pm
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Valued Member
United States
78 Posts |
the great news is when that charts continues in its currently direction (which everyone is assuming it will) silver will be FREE in 2016!! i'd wait for that........
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Bedrock of the Community
United States
11951 Posts |
I am with Cascade and others that posted they will continue to buy.
I believe it is very hard to guess/chart what is going to happen.
Something major can happen in the world ... And start a up trend.
Will/can it go down further, of course ..l and good chance it will.
If it does get into the $8 to $12 range ... I will be buying more than I am now.
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Pillar of the Community
United States
974 Posts |
Seriously though, who is going to sell silver that cheap? I predict most people will hold onto it rather than selling like it did when it was around $40 an ounce.
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Pillar of the Community
Sweden
1078 Posts |
I must be the luckiest person on this planet. My LCS doesn't charge me any premium for junk silver 
Edited by X2an 09/04/2015 1:43 pm
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Valued Member
54 Posts |
So lucky! Why don't you buy his entire stock and sell it here? I'd pay a bit over premium.
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Pillar of the Community
United States
7390 Posts |
Quote: Something major can happen in the world ... And start a up trend. You mean like China buying up stupid amounts of gold because they know their economy is about to implode.  I'm buyin baby!
Edited by Cascade 09/04/2015 3:25 pm
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Pillar of the Community
Sweden
1078 Posts |
The issue would be international shipping + LCS stock + world silver... I can't get US junk on a daily/weekly/monthly basis. I basically enjoy any foreign silver I end up with. 
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Valued Member
United States
52 Posts |
What's got me really thinking something is going on behind the scenes is even the non-silver metals/coins online dealers are starting to get into the silver market. Used to dabble a bit into buying copper pennies and saw the old company apparently is doing silver now http://coincollectingenterprises.co...e-buy-silver. Seeing online dealers so much wanting to buy up is what has me watching the spread between buy and sell. It's grown. Guess that means silver is either going to zero or the moon. Just not sure how the down trend is still possible at this point, but I guess that's why people are selling? What would another round of quantitative easing do to gold and silver?
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Valued Member
54 Posts |
Nm then. International leads to lost packages!
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Pillar of the Community
 United States
586 Posts |
I posted this chart on other PM forums as well. On average, 50% of the reply ridiculed me; another 35% insist they will keep buying regardless; only 15% tend to agree. Since individual investors have been reliable contrarian indicator, my conclusion is there must be 85% probability that Silver is going to keep dropping in the near future.
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Valued Member
Canada
312 Posts |
I'm the 35% however I'm not going "all in" so to say....what boggles me/drives me nuts is the premium increases on silver as of late....even though spots dropping the premium increases are keeping the price the same.
I do agree with you that it will go lower yet,how much is the question and how many more high priced pirate coins are coming out that my wife makes me buy her....lol
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Replies: 114 / Views: 16,291 |