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Will silver go?

I'm not much of an "all in" guy, so I bought some dimes yesterday hoping that they drop further yet. It's a good time to have some liquidity.

Not below 21.

As long as you are not a very short-term speculator, it is a great buying opportunity, IMO.


Tim

I bought some 2oz British and 1oz Kangaroos yesterday.

And 500 more Britannia delivering today.

Bought several pounds of dimes when silver was @ 12.50 or so. You are kinda late, but the liquidity is good!
Small denomination preciuous metals, .308, 5.56/223, 9mm/45 , 7.62x39. All solid "stuff" to have around. Also long term storage food and TP .....Cause ,you know , when it hits the fan ,you got to have something to clean it up with.

Actually I sold most of my silver when it surged to ~$44.00 per oz back in 2009 or so. Have been buying the occasional dip ever since...

Picked up $100 face value of dimes yesterday.

If it dips significantly lower I'll buy more

And if we ever see $12.50 spot I'll need a larger safe deposit box

Sounds like that might be the only real money in the bank.
The FRNs are in hyperinflation, so I can see why people are trading those in for hard money.

Actually we saw prices like that just a couple of years ago. The PM marketers I follow suspended sales and focused on acquisition.

Hard to buy what's not for sale

Where do you buy it without getting raped in markup or fees?

Premiums are high on Silver right now....but much higher on American Silver Eagles than just about any other bullion.

Get generic private mint rounds, or shop around for someone having a sale on Kangaroos or Britannia. I usually find the best everyday prices on BGAS.com or SD Bullion. But the others (JM, MoneyMetals, Hero etc) can have sales that might beat the first two on any given day for a particular product. You just need to shop around.

You have to understand that the spot price is a fake number pushed low by naked shorts on the COMEX. The street price for Silver is $4 to $14 per ounce over spot for rounds and sovereign coins (depending upon mint) and roughly $3 to $8 for bars depending upon mint and weight.

Lastly, think of Gold and Silver as insurance, or a hedge. In other words, be a strong hand...hold until you can't. Hopefully you pass it on to your kids.

If you cannot imagine doing that, you might ought to be using that money for paying down bills or buying food.

That is my view on PMs anyway. They are insurance.

100% on why to buy.

Another question, the cynic in me can't help but wonder...

How do you know you are gonna get silver?
At the percentage it's advertised?
I can hear a silver quarter hit the counter from a distance,
But I can't tell 99% from 79%...

And there is always a premium paid for junk silver. It's universal recognition factor and it's small denomination usability make it easy to trade or barter.

Everyone knows what it is and what it's worth. A silver dime will always be worth a loaf of bread. A silver dollar will always pretty much buy a man's supper including a tip.

Recognize that PMs never really do, or should gain in value. They have always been very good at maintaining value.

Any one oz silver round, or bar should equal or exceed the value of a silver dollar. If you trust the source

Also recognize that the historic US coins weigh differently than any .999 silver round or bar.

A US silver dollar weighs 26.7 grams, or about 0.86 troy ounces

A .999 silver round or bar will weigh 1.0 troy ounce or 31.1 grams

Edit; A modern US Silver Eagle is .999 and weighs 1.0 troy ounce.

My 25 yr. old punk son is buying silver and gold , mostly physical , but some in a gold trust. I bought into a gold trust 1 yr. ago and up almost exacly 9 or 10% ... I am however starting to pickup all the junk at the job sights. I got 360 lb. cast iron tub and they gave me $22 for it, or .06 a pound. Copper is high now too. I wish I would have taken all the scrap copper, and put it in a barrel way back in the brush in my back yard. I would have 50? pounds by now, maybe 100. Even the small pieces add up.

I am also hoarding firewood . I have next winters wood all cut and split, but not stacked. I have 2023 -24 winter firewood cut and stacked. It's all a commodity. Nat. gas doubled in 12 months, now that wood is worth 2x what it was worth 6 months ago.

I get a kick out of the tv commercials that advertise either gold or silver is set to sky rocket and you should buy now.. Really if it is going to skyrocket in price, why are they selling it now????????????

William Devane.
Lol

I really don't watch broadcast television, but am surprised to hear of those selling PMs advertising that way. I have seen ads, in years past, for those who wanted you to sell them YOUR silver and gold.

If I'm gonna buy, these days, it'll be from APMX, SD bullion, or the like. Reputable marketers with stock in trade of known quality and value.