Never Call It "junk" Again. Check My Math.

To participate in the forum you must log in or register.

Author	Replies: 5 / Views: 1,802
Dowhat Pillar of the Community United States 876 Posts	Posted 04/04/2023 6:35 pm Something is going down right now. Here are the SD Buliion numbers for buying 90% @ 1800hrs 4 Apr 2023. Spot: $25.57 Bid: $25.00. Buying 90% @ Bid + $6.00. Is that not $31.00 × FV. As 90% is exchanged in FV. Buy is $25.27 making melt value about $18.07. Maybe someone else can calculate that premium but in my head about 85%?. They are paying Bid + $1.70 for Maple Leafs What do see see going on here? Right after Saudi Arabia announced dumping the $1. I suspect that with this move, there could be a big call for physical delivery on all of those paper contracts and the COMEX & LBME are already depleted in registed assets. There are about 250 ounces of silver on paper for every 1 ozt physical available. It seems to me that the 3 or 4 decades of manipulation of PM's prices may be coming to a close. Look at those numbers I put up. Physical represents the true value. Spot means nothing. Check out gold today! Get ready for the CBDC coming soon to a theater near you. I am very interested in seeing the spot on Ag when I get up in the morning. $10 rolls of 90% quarters are pushing $300 now. I'm gettin' more spam! Report this Post to the Staff

nss-52 Moderator United States 54280 Posts	Posted 04/04/2023 6:40 pm Also interesting... 1oz silver bars bid plus $1.50 per oz 5 oz silver bars bid plus $1.00 per oz 10 oz silver bars bid plus $0.80 per oz 100 oz silver bars bid plus $0.70 per oz Show your financial support of the Coin Community Family (click here) See my topic on Mexican Numismatic Medals (click here) Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 04/04/2023 7:08 pm The term "junk" just refers to bullion silver worth today's price. Not a pejorative term. Report this Post to the Staff
Dowhat Pillar of the Community United States 876 Posts	Posted 04/04/2023 8:33 pm Not all know that. Just some insight offeded here. Report this Post to the Staff
jaxenro Pillar of the Community United States 533 Posts	Posted 04/05/2023 09:43 am This isn't rocket science basically you pay what the market supports. Either you put it in the stock market or bond market (not sold on either right now), buy silver/gold and pay the premiums, or keep it as cash and watch in inflate away ASE's and "junk" cost more but they sell for more. If I was buying large amounts, 1,000 plus ounces, it would be different. Like metals and don't want to pay premiums buy a ETF. I own a few shares of SLV in my IRA's Edited by jaxenro 04/05/2023 09:58 am Report this Post to the Staff
luvmyCAM Pillar of the Community United States 1479 Posts	Posted 04/07/2023 2:13 pm I was at my LCS on Thurday for an hour, because I'm a regular I was put on hold because for 50 minutes straight people were busting through the door asking " you got any silver or gold?" I stack a little when prices dip but now i.m.o. is a wait and see time. LCS sold everything he had to those customers when they left and the door chime finally stopped dealer told me he is out, out of everything including gold even 35% war nickles. He asked me for some silver and I declined - 2 months ago I was paying 18.70 + 2.70 premium now people snap up Canadian junk silver at $6.00 over. We've all been here before on these 90% runs its crazy. 40% Halfs going for 90 bucks a roll whew! Report this Post to the Staff
	Replies: 5 / Views: 1,802

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.19 seconds to rattle this change.

Never Call It "Junk" Again. Check My Math.