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Silver Premiums Are Out Of Control!

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Pillar of the Community
United States
562 Posts
 Posted 11/15/2022  03:00 am  Show Profile   Bookmark this reply Add Chopped Triumphs to your friends list
It just hit 22.25 where do you think it will level off?

Pillar of the Community
United States
4333 Posts
 Posted 11/15/2022  07:16 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list

Quote:
It just hit 22.25 where do you think it will level off?
I'm going to say $19.78, in a week.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
United States
4870 Posts
 Posted 11/15/2022  7:00 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
SD Bullion has a sale on random date Kangaroo's for $5.49 over spot. Picked up 10 for $284. Being the random nature of this order I don't know if all the dates will be the same or a mix of dates. Anyone have any experience with this? Not that the dates will matter, just wanna be in the "know".
Edited by TheForce
11/15/2022 7:01 pm
Pillar of the Community
United States
4870 Posts
 Posted 11/19/2022  08:00 am  Show Profile   Bookmark this reply Add TheForce to your friends list
I was supposed to get my Kangaroos yesterday but it seems the delivery was delayed. So many places are understaffed. But anyways I think they should be here today!!
Pillar of the Community
United States
4870 Posts
 Posted 11/19/2022  11:03 am  Show Profile   Bookmark this reply Add TheForce to your friends list
The Kangaroos just arrived. The random dates were all 2022 and that is A-OK with me. My air-tites from OnFireGuy also arrived so good timing!
Pillar of the Community
United States
2130 Posts
 Posted 11/19/2022  2:55 pm  Show Profile   Bookmark this reply Add Connor to your friends list
So I was at a pretty big estate auction today here in eastern NC. Regular average date Morgan's and Peace dollars were going for $55-$90 dollars a piece. Nothing special here at all. I couldn't believe they were selling that high.
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United States
25509 Posts
 Posted 11/19/2022  3:20 pm  Show Profile   Bookmark this reply Add HondoB to your friends list
Uninformed people make bad decisions in those situations - auction fever and FOMO (fear of missing out).
Inordinately fascinated by bits of metal with strange markings and figures
Pillar of the Community
United States
2130 Posts
 Posted 11/19/2022  3:51 pm  Show Profile   Bookmark this reply Add Connor to your friends list
Your right Hondo. I thought about approaching them and telling them I had some they could buy for the prices they were paying.
Valued Member
United States
284 Posts
 Posted 11/19/2022  4:12 pm  Show Profile   Bookmark this reply Add Nycstlrr to your friends list
Man, I bet the auctioneer was loving that.
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25509 Posts
 Posted 11/19/2022  5:31 pm  Show Profile   Bookmark this reply Add HondoB to your friends list
Today on HiBid there are 10 oz silver bars going for $250. Add in %15 buyers premium + shipping and it ends up $7.75 over spot. That's close to %13 premium.
Inordinately fascinated by bits of metal with strange markings and figures
Pillar of the Community
United States
533 Posts
 Posted 11/21/2022  08:17 am  Show Profile   Bookmark this reply Add jaxenro to your friends list
Premiums simply reflect what buyers are willing to pay for recognizable or "name brand" physical silver, I.e. ASE's. Spot price bears only a superficial relationship to small amounts of physical or lots under 1,000 ounces
Valued Member
United States
52 Posts
 Posted 11/26/2022  3:38 pm  Show Profile   Bookmark this reply Add Windmiller to your friends list
I am seeing mint monster boxes of 500 @ 18k-22k now. AGE & buff premiums are climbing too. I've been thinking of exchanging ASE for AGEs with thought silver may falter during a recession and gold climb.
Pillar of the Community
United States
4870 Posts
 Posted 11/30/2022  1:29 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
SD Bullion has a sale on Kangaroo's right now, $4.49 over spot. Tempting...
Pillar of the Community
United States
4870 Posts
 Posted 11/30/2022  2:30 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
So I gave in and bought 10 more Kangaroos and this time with a check. Trying to get my dollar cost average down. Not really in any hurry. The credit card fees aren't desirable at all.
Pillar of the Community
United States
4870 Posts
 Posted 12/01/2022  6:30 pm  Show Profile   Bookmark this reply Add TheForce to your friends list
Just got my 10 SML coins from the Black Friday sale from SD Bullion. Once I get my Kangaroos I'll have 50oz, the most I've ever had actually. The air-tites and tubes for them are kinda pricey (OnFireGuy) but I want to protect my investments.
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