Loading ...Watch the people not the paper.
I mentioned the other day that the U.S. mint was sold out. I believe signs like this and plungers post are conscious in the moment opportunities presenting themselves.
https://www.zerohedge.com/commodities/price-physical-gold-decouples-paper-gold
Aurum, I am seeing around a big increase for silver bullion and dealers are responding by raising premiums so much so as to negate the bargain of falling silver and also stating longer delivery times meaning they are holding your money longer as you wait for your silver. I just had a thought if you want to acquire some cheap silver and like myself have a substantial stack already, why not buy the slv and accumulate shares into weakness(cost averaging down) then when all this virus crisis passes and the silver price recovers and the physical buyers go back to sleep then take your profit in slv and go and buy physical.
Brilliant JS! Yes, I have physical and have been plowing into it since 2004. I have a call with Andy Schectman of MilesFranklin this week and will ask for more details. He emailed me tonight to say he may have to cancel because he is the busiest he has been in 30 years! From 2004-2008 I bought 100oz bars from my local coin shop at spot! I need to go by there and see how business is going. I have a feeling it is robust since property tax season is past and we currently have a massive fire sale! What I love about silver besides being finite, monetary and industrial is all the future possibilities that have yet to be invented. I joke about it being given away in Happy Meals but I’ll take it! When you think about the labor and energy that goes into every single ounce mined, poured into dore etc, transported again by ship, trucks and finally made into a beautiful product and shipped to you, it is essentially free.
It appears there are even some better times to buy slv as there is some fluctuation in the way it tracks comex silver
https://stockcharts.com/h-sc/ui?s=$silver%3Aslv&p=D&yr=2&mn=8&dy=0&id=p5444238265c&a=614027596
I don’t know if you watched the Ronnie Fattel video I posted earlier but I believe he is correct and silver will quite possibly test the 2015 lows and possibly make a lower low. Playing the slv you could catch those moves which may only last for a brief period maybe even a super spike to the downside which you could never capitalize on buying from a coin dealer!
I did watch and thank you for posting. I am standing at the ready to jump back in, watching like a hawk. It’ can’t go to zero but damn is it getting closer every day 🙂
Thanks AM. Gold and Silver (physical) has gone up, not down in price. Here in the UK we’re at New highs and it’s almost impossible to get physical at the normal delivery times. Comex is broken. ETFs are a sham. More on this in a post shortly.
Morning NS, bangers and mash than is it?