Silver may be going down but have you tried to find any. My dealer has been in the game 50 years and has never seen anything like this. The price is dropping and on one is selling. Its hit or miss if he will have any when I go in.
Folks aren't selling silver because they know it is going to head back up. The local shops suddenly had nothing to sell. That is to say, the bullion when into the safes so that they can come out on a better day.Silver may be going down but have you tried to find any. My dealer has been in the game 50 years and has never seen anything like this. The price is dropping and on one is selling. Its hit or miss if he will have any when I go in.
How do you get silver bullion without getting scammed first?There is plenty on eBay and the sellers are reputable and the deals should be fine, but you won't get them for $1 or $2 over spot. Expect to pay $25/$26 there especially watch out for shipping charges. I prefer Craigslist still. Though I'm not buying any right now.
How do you get silver bullion without getting scammed first?
Is there a web site to find out what the price of silver is?
In my opinion any non-government minted coin is only worth the spot price. Now how much discount to spot when selling or premium over spot is up to the market place. In my opinion the enthusiasm for gold and silver "stackers" have caused the retail price over spot to be excessive.Silver and Gold are both still over priced, as to the premium over spot, I spoke to my dealer in Lowell, he had 1 oz off bread bullion for 22.50 an ounce Wednesday. I believe you will see the spot take an additional 10 percent dip the next time you see a little better economic numbers come out, and then the margin will tighten up,
When it gets below 20 per ounce, I will start picking it up again weekly with a portion of my pay check.
I started purchasing in august of 2003 and sold out in January of 2010. you can look up the charts.
I have bought no gold or silver since January of 2010 as the margin over spot has been way over priced.
By low sell high,
The dooms dayer's should not invest in metal, YOU ARE TOO IMOTIONALLY DRIVEN TO BUY AND SELL LOGICALLY.
Remember folks when you resell you resell for dollars, you are not exchanging for necessities unless the SHTF or TEOTWAWKI you make up the new scary acronym.
Silver and gold will not buy necessities after (make up and fill in acronym) ass, ammo, and brute force, are the only things that will get you a fresh can of corn.
thats what I was thinking, ammo, soap, tp even are going to be better to barter withI have some silver and gold that I bought back in the early 90's..I don't plan on getting any more though. Now, even though I have the silver and gold and intend on keeping it. I am now putting my money into other preps.. You can't eat gold and silver!!