$28.00 Silver.

Discussion in 'Silver' started by Shaddam IV, Sep 3, 2019.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Nice, I call those "soaps" :D
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    Likely, I'm from Australia and only watch Australian dealers.

    That's not how a good dealer business should operate.
    How it works is you put in capital up front to buy stock (say $50k worth), and consider that sunk capital, ignore it for future calculations.
    Then if you sell a 10oz bar you immediately go buy another 10oz bar at the current dealer spot price. Bingo, you have just made a profit on that spread of that transaction regardless of what you originally bought that particular bar for.
    It's a matter of perspective, your turnover rate, and rolling out the average of the buy/sell spreads.
    i.e. They sold a 10oz bar for $300, but bought one immediately to replace it for $280, bingo, they just made $20 on the spread. This will happen regardless of what the spot price does.
    If you don't run and think about your business this way you'll go insane or out of business, whichever comes first.
     
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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Mine are Royal Canadian chocolate bars. I actually prefer poured soap bars from pm and scottdale, etc, as they look cooler but they cost more here in Singapore. Just bought another 2 tubs of 2018 Canadian maple leaf at US$17.60 per coin. Couldn't resist it, I think I overbought this time since many are expecting the price to fall further. :confused:

    https://www.goldsilvercentral.com.s...ian-maple-leaf-silver-coin-1oz-tube-25-coins/
     
    Last edited: Nov 11, 2019
  4. alor

    alor Well-Known Member Silver Stacker

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    yeah, there is 3 tubes limits for 11.11.2019 sale SGD$604.30
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Are they with mintshield? I've seen other maple leaf sales but they are for circulated or old coins, 2015, 2014.
     
  6. Tokyo

    Tokyo Member

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    If no deals with high premium, I simply buy etf or silver future contract to take full advantage . Not too worried
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Depends on objective, whether it is to speculate or wealth preservation. To me, physical silver is just a place to park excess cash for the long term and have fun at the same time. ETF or paper is too easy to sell in a panic.
     
  8. Tokyo

    Tokyo Member

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    I be buying into panic with plans, not sell . Definitely has benefits to swing trade paper asset if you know what to do .
     
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  9. alor

    alor Well-Known Member Silver Stacker

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    it says new, most likely from sealed monsters boxes
    they are good for trading stack
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    They say that gold and silver is dropping because the trade war tensions has reduced. Guess what? I bought my first silver in May 2018 when the price was US$16.60 an ounce. This was before the trade war. So the price of silver has returned to before the trade war!
     
  11. alor

    alor Well-Known Member Silver Stacker

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    the QE is back on again, so the risk of dollar shortage disappeared
    slowly looking out for good bargain prices when they are presented
     
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  12. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Imagine my shock. And I was shocked, when I received this price alert yesterday. Thought a war had broken out. Assuming a glitch in the system.

    Screenshot_20191112_064638_com.yahoo.mobile.client.android.mail.jpg
     
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  13. Slimey

    Slimey Active Member

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    I think they got silver and truffles mixed up.
     
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  14. TreasureHunter

    TreasureHunter Well-Known Member

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    I lost count of QE. Didn't they "taper" a few years ago? :D

    Regardless, the debt accumulates.

    They make debt by borrowing debt... to pay off the debt,... which they previously created, when they paid debt off with debt...
     
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  15. alor

    alor Well-Known Member Silver Stacker

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  16. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    Why not give the 104 billion $ to the people? It would help improve life quality and people could pay off the debt. Plus, it would propagate excellently throughout the economy. Inefficient banks could go bankrupt, of course. This is healthier. Plus, in an odd way, it might even help avert or minimize a crisis.
     
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  17. openeyes

    openeyes Well-Known Member Silver Stacker

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    logic is not part of this equation
     
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  18. alor

    alor Well-Known Member Silver Stacker

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    how do the owners robbing the people through their banks then, it is too cheap to just buy over the banks and compensate depositors
     
  19. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Give free money to the people in need! Wash your mouth out with soap
     
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  20. openeyes

    openeyes Well-Known Member Silver Stacker

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    Better than giving it to the rich for free. The poor spend quickly and it at least moves in the system.
     

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