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S

SilverStacker

Big Eyed Bug
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Or maybe I didn't. Anyway I knew silver was going up to break $43 again, and its on its way to over $45 by the end of 2025.
 
What are you all going to do with the proceeds?
 
pmbug said:
I think silver is going to triple digits. I have thought this way for over a year. The real squeeze has not happened yet.
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That's not unreasonable. Silver was $50 about 1980. A cheap new car was $5000 the same period; and middle-tier apartment about $500.

Prices are from three to four times what they were then - ignoring the fake Inflation Calculator. When you price goods people BUY, not cherry-pick things that dropped in price for various reasons, we've had huge amounts of across-the-board price rises (coming FROM inflation - but it IS NOT itself, inflation).

So, yeah. $50/oz was a bubble high, back then. But $100 an ounce, would be just a nominal (but not actual, adjusted) high. It would be in line with historical values.
 
The other day I bought 10 ASE's for about $45 each and I also have some rounds and 90% junk halves ordered. I'm going to try and fit some more gold in this year too.

Somehow.
 
I went ahead and got some modern 90% at $40/oz off ebay. Last time i paid that much was for series I lunars
 
Yes that's buy back. Best place to buy rn is with Tim on the yankee stacking channel. 100 oz bars at spot. He did have kilos at spot as well but sold out of those. The rest of his pricing is similar to SD. He said he looks at their pricing to determine his.
 
Ttazzman said:
let us know how it goes......got a few i might need to move to smaller bars
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But I'm not just buying bars, I'm looking for small Englehards and they carry a significant premium. So all that will be useful is how much I'm able to flog the 100 ouncer for.
Unless yer interested in Englehards.
BF
 
Bottom Feeder said:
But I'm not just buying bars, I'm looking for small Englehards and they carry a significant premium. So all that will be useful is how much I'm able to flog the 100 ouncer for.
Unless yer interested in Englehards.
BF
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i have kinda wonder if the path to going smaller might be to swap 100oz silver bars for 1oz gold, that might be easily palateable transaction for a LCS to do without overwhelming him (just thinking ahead) .......... just curious when you say "smaller bars" are you thinking 10oz...or smaller.... it certainly seems 100oz bars have priced themselves out of the retail market (pic just for fun)


ebar ser # blocked.jpg
 
In Engelhard you look for 3, 4, & 5 ounce bars.
I've paid over $300 for a three ounce bar.
Most of the time you only find tens, but a year or so ago I was able to snag a 25 ounce Englehard.
I think the (rare) 4 ounce bar is going for a grand or moar.
 
Bottom Feeder said:
In Engelhard you look for 3, 4, & 5 ounce bars.
I've paid over $300 for a three ounce bar.
Most of the time you only find tens, but a year or so ago I was able to snag a 25 ounce Englehard.
I think the (rare) 4 ounce bar is going for a grand or moar.
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Bottom Feeder said:
In Engelhard you look for 3, 4, & 5 ounce bars.
I've paid over $300 for a three ounce bar.
Most of the time you only find tens, but a year or so ago I was able to snag a 25 ounce Englehard.
I think the (rare) 4 ounce bar is going for a grand or moar.
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i have quite a few of the 10zers.....and picked up this (rare?) 50ozer many years ago .....never really looked for smaller ones....sounds like the smaller odd sizes are garnering big premiums...no 20s or 25s

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It would be funny if sterling tableware became collectible again.
 
nickndfl said:
It would be funny if sterling tableware became collectible again.
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Funny, and not likely, either.

Because sterling silver table settings, are a mark of civilization. Of high living - where eating is ritualized, where there is plenty, where we are rich enough to afford cleanliness.

The reason silver is "rising" is because our currency is CRASHING. The collapse of money is usually tied to either a revolution or collapse in civilization. We'll be eating like residents of Monkey Island, once this "run-up" is done.

Before complete collapse, I expect a lot of heirloom tableware will be melted down.
 
wish i were close enough to town to justify just going by the local coin shops and see what kind of activity is going on this week.......i also find it intresting that the last time kitco crashed like it did today was on a big run up also
 
Ttazzman said:
thx for posting that ....intresting to say the least
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blah blah blah .. lines lines lines... Nice and interesting as long as assumptions about the function of markets remain valid. None of that will mean diddly squat when LBMA and/or COMEX defaults on delivery obligations and the paper markets deleverage because there isn't sufficient physical metal to support them. I think we are much closer to this event horizon than anyone expects (based upon the commentary I see here and there).

"I bought silver before it was unobtanium." - Me
 
pmbug said:
blah blah blah .. lines lines lines... Nice and interesting as long as assumptions about the function of markets remain valid. None of that will mean diddly squat when LBMA and/or COMEX defaults on delivery obligations and the paper markets deleverage because there isn't sufficient physical metal to support them. I think we are much closer to this event horizon than anyone expects (based upon the commentary I see here and there).

"I bought silver before it was unobtanium." - Me
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i am a fundamentalist and contrarian so charting isnt my thing...........i found it quite interesting the symmetry of the trend channel he was able to develop with his "chosen" key points .......
 
Absolutely. I do find TA interesting, but so many chartists are not cognizant of the underlying assumptions that are inherent in the analysis. I think there is a wake up call on the horizon.
 
pmbug said:
... so many chartists are not cognizant of the underlying assumptions that are inherent in the analysis.
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I think you have hit the nail on the head. So true!
I have always been in the "value" camp versus "growth". And so the stock market has been pretty bad for the last two (or more) decades.
Hate against Warren Buffet, but he was right in two ways. "Do not invest in what you don't understand." And I think he said to invest only where the profit / price is acceptable.

To me, any stock that is less than ten to one is unacceptable. And that excludes most of the stock market.
To make a point, if there were a company that traded at $1000 (one thousand dollars), but only had an income of one dollar per share, why would I buy that share?

Why would I buy any shares in a company that is giving very bad (or zero) results from dividends on earnings?
The so-called "growth" companies promise dividends in "future", but eventually those payments must appear, to fulfill their promise.
 
Ttazzman said:
wish i were close enough to town to justify just going by the local coin shops and see what kind of activity is going on this week.......i also find it intresting that the last time kitco crashed like it did today was on a big run up also
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I wasn't in today; but a month ago, I needed traveling money, and sold a couple K-rands.

The money was for emergencies - especially if my plastic got locked up. It didn't happen, but of course what did, was, the price of gold launched.

I went to buy back, and found some interesting differentiation in prices. He's my guy; I've traded with him twelve years; so I asked him how the business was trending.

Everyone selling, he said. Some of it is from excitement from the "gain" in fiat numbers, in selling. More of it was probably people who bought gold for a rainy day; and that rainy day was now. We're all hurting, except for FedGov employees higher up on the GS payscale.

Whatever the reason, everyone was selling. There were buyers - apparently they liked the 1/10-oz K-rands. He was asking significant markup on those, but his 1/4-oz K-rands, he was almost at spot-per-ounce for four of them.

So, I guess, he's wholesaling out ounce coins and quarter-ounce; but he either is selling a lot of tenth-ounces or wants to keep them on hand.

Not many buying, right now, though. Even among the gold bugs, I'm a bit of an oddity. I don't see a greater pile of fiat per ounce, as a gain. I see it as a tell that we're close to some sort of monetary/economic disaster.
 
Bottom Feeder said:
There's a PNNA Coin Show here next month. I'm gonna see what I can get for a 100 oz bar.
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Well it was pretty disappointing, I'll tell ya.
All the dealers had everything gold marked up about 2%
Kilo silver bars at spot. Other silver about 1 - 2 bucks above spot.
No good offers on my 100 ounce bar. Best offer was $45/oz
Wasn't there to buy anything this time and I didn't.
 
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