Started By
Message

re: Spot Silver - over $27/ounce

Posted on 4/3/24 at 11:44 pm to
Posted by GREENHEAD22
Member since Nov 2009
19589 posts
Posted on 4/3/24 at 11:44 pm to
It's crazy how the money of those early TX oil tycoons still are in play today. Hunts, Bass, Mullens, all still names on the Forbes billionaire list.
Posted by SouthPlains
Member since Jul 2023
497 posts
Posted on 4/4/24 at 11:33 am to
I’ve got about 75 oz. - what should I do with my mini stack?
Posted by Tomatocantender
Boot
Member since Jun 2021
4741 posts
Posted on 4/4/24 at 11:43 am to
quote:

I’ve got about 75 oz. - what should I do with my mini stack?


Hold onto it. Just make sure it's in a secure place. 75 to 100 ounces of physical silver eagles, imo, is the sweet spot. It's not life changing money but it gives you some peace of mind.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7675 posts
Posted on 4/4/24 at 11:53 am to
quote:

Hold onto it. Just make sure it's in a secure place. 75 to 100 ounces of physical silver eagles, imo, is the sweet spot. It's not life changing money but it gives you some peace of mind.


I own some precious metals, including some silver. But how exactly does 100 oz of silver provide any peace of mind?
Posted by Tomatocantender
Boot
Member since Jun 2021
4741 posts
Posted on 4/4/24 at 7:27 pm to
quote:

But how exactly does 100 oz of silver provide any peace of mind?


I said 100oz of silver eagles, not 100oz of silver. Silver eagles can be as high as $15 over spot per coin. Numismatic value for certain years etc. Why are you shitting on my hobby
Posted by GeauxZone90
Baton Rouge
Member since Jul 2010
2920 posts
Posted on 4/5/24 at 8:45 pm to
If you don’t need the money just hold onto it
Posted by LChama
Member since May 2020
1651 posts
Posted on 4/6/24 at 6:46 am to
Have we peaked. The gold silver ratio is still out of whack. Very uncertain times and very uncertain economy. May be a pullback in the short term but this has potential to run through the summer
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80768 posts
Posted on 4/6/24 at 7:04 am to
Peace of mine for what?
Posted by Tomatocantender
Boot
Member since Jun 2021
4741 posts
Posted on 4/6/24 at 8:58 am to
quote:

Peace of mine


If English is this tricky for you, I would bet commodity trading is not in your wheelhouse.
Posted by Hayekian serf
GA
Member since Dec 2020
2527 posts
Posted on 4/8/24 at 4:02 pm to
quote:

there an ETF that rides this increase fairly well? How about one that shorts it in case of decrease?


I have SIVR for silver and SGOL for gold.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56243 posts
Posted on 4/9/24 at 9:33 am to
My wife was given about 4-5 ounces of sliver per year for about 30 years. I had it in our gun safe, When moving I took it out and put the box on my desk and left there. After moving in and being in the home for about a year it hit me that the box was not there.
Between painters in the old house and electrician and the movers I had no idea who to approach. It was more emotionsal as it was gifts from her grandparents. Now it seems I lost us a few thousand dollars as well.
Posted by thelawnwranglers
Member since Sep 2007
38769 posts
Posted on 4/9/24 at 9:51 am to
quote:



I said 100oz of silver eagles, not 100oz of silver. Silver eagles can be as high as $15 over spot per coin. Numismatic value for certain years etc. Why are you shitting on my hobby



I have silver rounds and will use for barter in the apocalypse
Posted by ronricks
Member since Mar 2021
6515 posts
Posted on 4/9/24 at 10:00 am to
quote:

I have silver rounds and will use for barter in the apocalypse


In that scenario you'd be better off with guns, ammo, cigarettes and liquor to barter with. For many reasons. It will be survival of the fittest and a lot of folks are going to get their gold and silver taken from them if they show up to meet someone.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80768 posts
Posted on 4/9/24 at 10:17 am to
quote:

If English is this tricky for you, I would bet commodity trading is not in your wheelhouse.

Typos exist, why not answer the question?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80768 posts
Posted on 4/9/24 at 10:18 am to
quote:

I have silver rounds and will use for barter in the apocalypse

No one except old people will care about your shiny metal when food, ammo, medicine, and vices are worth way more
Posted by OccamsStubble
Member since Aug 2019
4967 posts
Posted on 4/9/24 at 10:20 am to
Gold - 6 month increase of 26%
Silver - 6 month increase of 28%

Gold - 2 month increase of 16%
Silver - 2 month increase of 24%

Certainly looks like those bankers who have held paper products rather than metal are finally losing their ability to dump the paper to drive the prices down. Maybe they can't trump 3 billion Chinese+Indian citizens who refuse to accept their garbage currency any longer.
Posted by PUB
New Orleans
Member since Sep 2017
18177 posts
Posted on 4/10/24 at 10:49 am to
Great stuff. You can sell it to dealers at 10-20% below spot then buy at a 20-30% over spot.
Posted by OccamsStubble
Member since Aug 2019
4967 posts
Posted on 4/10/24 at 12:13 pm to
quote:

Great stuff. You can sell it to dealers at 10-20% below spot then buy at a 20-30% over spot.


Or just drop by Costco and buy gold for 2% over spot. They sell about 200 million dollars worth each month.
Posted by PUB
New Orleans
Member since Sep 2017
18177 posts
Posted on 4/10/24 at 12:27 pm to
2% over spot is good. Do they sell silver? What about buying back?
IMO - Apmex,JM Bullion, Blanchard, Sprott, etc, are close to consumer rip offs.
Posted by OccamsStubble
Member since Aug 2019
4967 posts
Posted on 4/10/24 at 12:31 pm to
I don't believe they sell silver, and I don't think they purchase gold from their customers (or anything else)

The article about their gold sales is here

LINK

first pageprev pagePage 2 of 3Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram