Reddit #silversqueeze

Discussion in 'Silver' started by AustralianAustrian, Jan 31, 2021.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    6,805
    Likes Received:
    2,289
    Trophy Points:
    113
    Location:
    Sydney
    For what it’s worth, GSR. 1:14.
     
    adze67, crewy, norman_h and 2 others like this.
  2. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    1,201
    Likes Received:
    1,805
    Trophy Points:
    113
    Location:
    Brisbane
    Dafuk, bog standard "future available" kangas already $44 a pop? o_O I guess I'll withdraw my "ancient" (but readily available) square cap kooks for now...:D
     
    norman_h, heartastack and 66rounds like this.
  3. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    1,591
    Likes Received:
    1,194
    Trophy Points:
    113
    Location:
    Melbourne
    $100 oz isn’t hard to imagine at this point
     
    crewy, jultorsk and norman_h like this.
  4. BackYardPirate

    BackYardPirate Active Member Silver Stacker

    Joined:
    Apr 8, 2021
    Messages:
    90
    Likes Received:
    110
    Trophy Points:
    33
    Smaller refiners? Who are they
     
    slavaja and norman_h like this.
  5. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,177
    Likes Received:
    1,317
    Trophy Points:
    113
    Location:
    Qld
    SBA, Siltech, BGC, CPG, Morris and Watson, AGC, AGA,PMT and many others.
    During covid when every one was scrambling to buy because perth mint was out of stock, I was having no troubles sourcing silver from a few of those smaller refineries, even Bullion Now was stocking from smaller refineries as the big guys were having huge delays due to closures and restrictions.

    SBA, Siltech and Morris and Watson are Some of the best and well known of the smaller guys. Often see those bars come up for sale on this site, they make good quality investment bars
     
    STKR and 66rounds like this.
  6. Millennial Engineer

    Millennial Engineer Active Member

    Joined:
    Apr 19, 2020
    Messages:
    243
    Likes Received:
    227
    Trophy Points:
    43
    Ainslie Bullion in Queensland.
    https://www.ainsliebullion.com.au/products/silver-bullion/tabid/85/cat/2/default.aspx


    They have their own bars, and i believe are the official Perth mint Distributors for the state.


    Ainslie.JPG

    Looks like they are re-selling Kangaroos lower then ABC.

    Still A lot higher then the Perth mint shop front.
    Perth mint Kanga price.JPG

    There next Silver Bullion for 1kg and 100oz is due on the 21st of April.


    Ainslie 2.JPG


    The Perth mint kg Bar sits half way between the Ainslie one and the Perth Mint one at their store front.
    Perth kg.jpg


    Maybe this can be used as how premiums and distance and middle men and branding effect price.
     
    66rounds likes this.
  7. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,177
    Likes Received:
    1,317
    Trophy Points:
    113
    Location:
    Qld
    Ainsley technically arent refiners, but they do sell a nice rebranded bar. so they sadly often suffer the same problems as PM with delays.
    same with southern Cross, some times they have stocks when others dont but they are typically high premium normally, as they are produced by big name refiners and mints, so they dont make a very suitable low premium investment quality bar, but they have nice bar.
     
    Last edited: Apr 9, 2021
  8. clear

    clear Well-Known Member

    Joined:
    Jan 12, 2012
    Messages:
    1,277
    Likes Received:
    206
    Trophy Points:
    63
    Location:
    WA
    @Jason1why so negative $10 over spot is not anything new , let them charge whatever the market can support , maybe your wrong , why am I wrong for buying ?
     
    BackYardPirate likes this.
  9. BackYardPirate

    BackYardPirate Active Member Silver Stacker

    Joined:
    Apr 8, 2021
    Messages:
    90
    Likes Received:
    110
    Trophy Points:
    33
    You had my attention, right up to bullion now.
     
  10. Millennial Engineer

    Millennial Engineer Active Member

    Joined:
    Apr 19, 2020
    Messages:
    243
    Likes Received:
    227
    Trophy Points:
    43
    Thanks for the correction. When i visited there 4 years ago I thought they mentioned something about a refinery. I might have miss heared.

    There non Stacker bars where less pretty then the Perth Mint's
     
    Jason1 likes this.
  11. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,177
    Likes Received:
    1,317
    Trophy Points:
    113
    Location:
    Qld
    cool story bro.
    dont buy from bullion now, buy direct from the refiners,I dont give a shit you asked the question I answered it, the fact bullion now sometimes stocks some smaller refineries bars doesn't change the fact there are smaller refineries.
    I guess you couldnt catch me out on the question about which refineries, so you went for lame ass deflection.
    that shit might give you a brownie point on Reddit, it looks pathetic here
     
    Last edited: Apr 9, 2021
    STKR and Steveno like this.
  12. norman_h

    norman_h New Member

    Joined:
    Feb 20, 2021
    Messages:
    26
    Likes Received:
    23
    Trophy Points:
    3
    https://www.reddit.com/r/Wallstreet..._its_a_train_derailment_now_its_flooding_and/
    7e7498a.png
     
  13. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,177
    Likes Received:
    1,317
    Trophy Points:
    113
    Location:
    Qld
    their 5ounce cast bars are really cool IMO. I have one as fidget thinggy on my work desk, ahaha such a neat bar
     
  14. BackYardPirate

    BackYardPirate Active Member Silver Stacker

    Joined:
    Apr 8, 2021
    Messages:
    90
    Likes Received:
    110
    Trophy Points:
    33
    You're not wrong And you're not an "idiot" or "fool", either.
     
    clear likes this.
  15. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,177
    Likes Received:
    1,317
    Trophy Points:
    113
    Location:
    Qld
    I dont have any problems with them selling it for crazy premiums because of the demand.
    But as for buyers, Ive been stacking for just under 20 years, and most of my stack is bought from people who paid to much for their silver, and lost their money and had to sell cheap at a loss.
    when premiums are no longer high, you dont get your premium back.
    but hey Im sure every new stacker has learnt that lesson at least once.
    when these Wss guys start dumping, premiums will be lost, especially on what is typically seen as low premium stuff like Roos.
    But hey dont take sound advice about premiums and future resale prices, no skin off my nose.
     
  16. BackYardPirate

    BackYardPirate Active Member Silver Stacker

    Joined:
    Apr 8, 2021
    Messages:
    90
    Likes Received:
    110
    Trophy Points:
    33
    WTF? I was genuinely interested in the smaller refiners. Which is why I asked you. But you threw those clowns at bullion now in there, and they're not refiners. I wasn't trying to catch you out on anything at all. But having read back a few pages I notice that you have nothing but the correct opinions, everyone else is either wrong, a fool, an idiot etc etc. And I'm not sure what you're talking about with regards to WSS, I don't frequent there at all, so in fear of being names called, you're wrong mate. Anyway, thank you for the list of small refiners, I've got some homework to do on those you listed. Relax mate, everyone's got their opinions and view points, none more accurate than the next. No need to lose your temper, I'm not challenging your silver prowess and knowledge.
     
  17. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,638
    Likes Received:
    2,777
    Trophy Points:
    113
    Location:
    Melbourne
    What's your issue with BN? I don't see any other reliable dealers with a similar premium and spot buybacks?
     
  18. norman_h

    norman_h New Member

    Joined:
    Feb 20, 2021
    Messages:
    26
    Likes Received:
    23
    Trophy Points:
    3
    Twenty years is a long time.

    The question you need to ask yourself; is this another ten year margin fuelled cycle or a 75 year currency reset cycle. Is it different this time or is the time different... only your knowledge of the system can answer this question.
     
    66rounds and BackYardPirate like this.
  19. BackYardPirate

    BackYardPirate Active Member Silver Stacker

    Joined:
    Apr 8, 2021
    Messages:
    90
    Likes Received:
    110
    Trophy Points:
    33
    Not my cup of tea. Each to their own
     
    66rounds likes this.
  20. Jason1

    Jason1 Well-Known Member

    Joined:
    Aug 9, 2019
    Messages:
    1,177
    Likes Received:
    1,317
    Trophy Points:
    113
    Location:
    Qld
    for bullion now, they pay more on buy backs than any other buyer in the aus, they arent knobs. they do allot here and you wont find to many critics here, So why i made an incorrect assumption you were here from the reddit crowd, because that is not a typical perception here on SS.
    So on that I will apologize for that assumption of you being a redditor.
     
    Steveno likes this.

Share This Page