Why because 99% of physical silver is "priced" from Spot but has nothing to do with Comex...... Very unlikely a refiner or Smelter buy from source ie mine if they are looking for 5000oz since this is nothing Much like Australian LPG Gas price is based on Singapore Sweet Oil Futures +- BTU Thermal +- LPG Premium or Discount, the gas never goes anywhere near Singapore but to China. Korea and Japan
Sold my PAAS, almost same price I bought last week! No point holding a silver stock unless can make at least 30-40%.
Yes, it went up nearly 20% earlier in the week. If I sell on Tuesday, I can get a free coin. Too volatile so I'm out. Also concerned about talks on a Feb stock market correction. Anyways, got a bar over the weekend, not looking back.
Being a baby stacker, I look at that and wonder if it is: 1) always delayed as a marketing technique to drive desire for the product 2) really in high demand 3) some other reason
They only make money as they sell so delaying wouldnt help them. They want turnover as fast as possible and to make their money. It's just low supply and high demand right now imo.
transportation is a problem during covid, so they can not so easily orders from everywhere when price drop too fast, big buyer can single handedly clean out the limited supply no its not marketing, just describe whats going on high demand ? may be not...as some other supplies are available premiums differentials are everywhere
Quite a few big names jumping on board Patrick Karim just posted a couple of very interesting charts https://www.reddit.com/r/Wallstreet...d_you_buy_right_now_is_the_time_to_sit_tight/
True, limited supply I meant. Lots of stuff sold out here in the US and it's really dried up. Not sure about other places. The past few years there was tons of anything you wanted at any time it seemed. Just seems dry out there.
Lots of market manipulation going on, they play both directions. A market analyst recently made a very good comment. It's not important to get it right all the time, just "diamond hands". He makes a very good point. What he is trying to say is, don't bother with the daily price fluctuation, however volatile it is.
I always keep an eye on ABC Bullion and their silver offerings. Their Eureka round has been listed as "pre-order" for about 6 weeks now, and when I just checked, the Eureka round isn't even listed anymore.
must be the USD stronger since the silver price drop below 25, yet QB coin completer did not drop much $87 https://sgd.indigopreciousmetals.co...ous-metals-pre-order-for-august-delivery.html $99 https://www.bullionstar.com/buy/product/silver-coin-uk-queens-beast-completer-coin-2oz
https://www.abc.net.au/news/2021-09...s-world-s-most-efficient-solar-cell/100476152 And it contains no silver
Ouch. Lets start stacking copper!!!! OMG - 1Kilogram (kg) AUD12.569 https://www.marketindex.com.au/copper I can't imagine bullion sellers will be selling 1kg copper bars for $12! Needs to be at couple of hundred before copper market price would mean anything. There are some pretty copper rounds out there https://www.jmbullion.com/copper/copper-rounds/ but the price is not related any sort of "spot" value. eg 1Kg = 32.1507 Ozt s so each coin would be worth AUD 0.39 JM Bullion set them for as low as AUD 2.41 (USD 1.75) Markup is AUD 2.02 or 518% premium... So, while it is great value to buy any metal made into such a fine coin for 1.75 it is not for metal value. Sorry for the massive offtopic ramble.
Currently, scientists at the University of NSW have reduced the level of silver usage way below 1 gram of silver per panel! It's so minuscule, I don't want to depress Silverstackers by telling them how little is used!