I bought quite a bunch in 2019 for $14.50 an ounce. I would say that was a better investment than most of your tech stocks. Pawn shop here is paying $.50 or so over spot just to try to keep a little inventory. I predict it will push $30 per ounce in 2023. I say hold some but diversify if you can in stocks, land, guns and gold 😁
A pawn shop paying MORE than something’s worth?
They must smoking that $300 a lb weed
Spot isn't "what something's worth." Spot is merely the paper contract price, i.e., the price to hold a contract that says it's based on silver, but isn't really. It's a written promise that's well known not to be deliverable, so naturally it goes for less than the real thing in the hand.
Had an old farmer here who is long passed away, but he would say, "If I could buy you for what you're worth and sell you for what you think you're worth, I'd be a rich man."
I will buy a lot of silver if I could get it for $.50 over spot. Haven't sold ANY for over 20 years. I call the wife the silver whore. She gets silver, I get guns.
