SilverStacker
Big Eyed Bug
- Messages
- 446
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- 108
I have a gut feeling the next 2 to 4 weeks will be big for silver and when I say "big" I mean "transitional". Silver will never be cheap again nor will it ever be under $60 an oz again. This is of course just an opinion but I think we have a short window to load up on physical, the question is what type of expensive silver to buy. Normally I'd buy bars, rounds, 10 oz slabs, and wouldnt care what was stamped on it as long as "999 fine" was but the market is so crazy Govt. back coinage is about the same price as rounds. And while spending $65 or $66 a coin is nuts it is what it is and I dont think its going to change.
And I believe the market is being controlled by factors other then the spot price so even if the spot price dives a few bucks it wont affect retail prices much. The market is terrified by availability, Industrial demand, Govt. and banking hoarding, supply deficits, mine production issues....ect .Put it this way, if I had $100,000 right now I'd buy $100,000 worth of silver while just a few months ago I would have probably bought more gold then silver. The dynamics have changed and the numbers just aren't adding up so what money I am able to scrape together I'm buying silver with. And I never thought I'd see the day where rounds were the same price as Govt. coins or even cheaper then.
And I believe the market is being controlled by factors other then the spot price so even if the spot price dives a few bucks it wont affect retail prices much. The market is terrified by availability, Industrial demand, Govt. and banking hoarding, supply deficits, mine production issues....ect .Put it this way, if I had $100,000 right now I'd buy $100,000 worth of silver while just a few months ago I would have probably bought more gold then silver. The dynamics have changed and the numbers just aren't adding up so what money I am able to scrape together I'm buying silver with. And I never thought I'd see the day where rounds were the same price as Govt. coins or even cheaper then.