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 Replies: 11 / Views: 2,188 |
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Pillar of the Community
Canada
798 Posts |
After having almost no sales for almost 8 months, I just had my entire inventory of silver maples sell out for $24.50/oz between Friday night and this morning (Sunday). I am in complete disbelief that they sold for double the spot price and they are all gone. I am literally dumbfounded.
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Pillar of the Community
 United States
5672 Posts |
There does seem to be a huge disconnect between spot silver prices and silver bullion.
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Pillar of the Community
 Canada
5394 Posts |
That is in CAD ......not USD correct?
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Bedrock of the Community
United States
10038 Posts |
Panic causes people to do strange things.
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Pillar of the Community
United States
789 Posts |
Too bad you didn't have 10,000 more.
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Pillar of the Community
United States
1026 Posts |
That was a quick liquidation. Are seeing anyone selling at all or is it all buying?
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Pillar of the Community
Canada
1051 Posts |
Quote:
That is in CAD ......not USD correct? I'd like to know the answer to that as well. If it was truly "twice spot" ($24.50 US) things are definitely getting real. |
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Pillar of the Community
Canada
5394 Posts |
 Waiting .... the answer is quite important CANADIAN or US Dollars ? And we are still waiting ... a quick check of ebay shows no similar results. Edited by Pacificoin
03/22/2020 8:43 pm
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Rest in Peace
United States
18456 Posts |
Probably Chinese Yuan .  |
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Pillar of the Community
Canada
1051 Posts |
Total disconnect. 1 oz gold coins selling for $2500-2600 CAD ($200-300 over spot), silver coins selling for roughly $30...almost 50% over spot.
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Pillar of the Community
United Kingdom
2624 Posts |
I am sure many expect a rapid devaluation of currency in the near future because it is being printed so fast, for those that think their fiat currency is going to lose all its purchasing power it would make sense to get a sizable chunk of their wealth into silver/gold.
I wouldn't be paying double, but then it is quite hard to source PMs in quantity at the moment as everywhere is running dry.
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Pillar of the Community
United States
570 Posts |
I sold some gov't issued bullion myself at a huge premium. Bought big bars at much smaller premium. This is a good time to make this switch, if you can find lower premium bars.
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Replies: 11 / Views: 2,188 |
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Posted 03/22/2020 11:56 am
