$28.00 Silver.

[alor]

More demand then available supply is what we saw a few months back with toilet paper.

There is an unlimited supply of silver atm. Almost any site is happy to sell you as much silver as you can buy (and with minimal spread).

A lack of a specific brand or size of silver doesn't mean there is a silver shortage. Just like if only the 6pack toilet paper was unavailable back a few month ago, we wouldn't have had an issue with toilet supply.

there is some supply problem even for the 1000 oz bars, mines closures etc, we can see clearly that premium has not drop since 13 March 2020 when spot hit around $12... currently the premium is much higher over here, it just make no sense, since we can buy online and store it elsewhere like in Melbourne or NZ etc.. the forces will drive the prices closer in many markets
there are a lot of demand out there for dealers to supply them, some are on queue for 1 month delivery etc

 

[leo25]

That may be true but most sites are out of stock and you will have to wait for your bars

ok, I should have said most sites in Sydney have available stock. I guess i don't know regarding other states.

 

[leo25]

there is some supply problem even for the 1000 oz bars, mines closures etc, we can see clearly that premium has not drop since 13 March 2020 when spot hit around $12... currently the premium is much higher over here, it just make no sense, since we can buy online and store it elsewhere like in Melbourne or NZ etc.. the forces will drive the prices closer in many markets
there are a lot of demand out there for dealers to supply them, some are on queue for 1 month delivery etc

In Sydney you can buy 1kg bars around $3 above spot and no wait time. That's why i can't understand why someone will pay $10+ above spot for coins.

 

[alor]

once they are long enuff in the stuff, they would pay for less, they knew they can

 

[willrocks]

More sideways action on at the moment.

 

[alor]

may be we will stop at 28 usd this week close, then continue up next week

 

[SilverDJ]

More sideways action on at the moment.

Except when it doesn't!

 

[Shaddam IV]

Wow, this thread rose from the dead and returned! Welcome to the forum Gold Secure!

 

[Real $ Return]

I like to bait em abit get abit of silliness outta it

 

[Court Jester]

only took 12 years to get here though and no where near as good as crypto or most stocks

 

[mmm....shiney!]

Lol

 

[Court Jester]

Lol

i stand by what I said if I has have put $1000 in BTC in 2013 or silver in 2013 I know which investment would buy a ferrari and which one would not

 

[mmm....shiney!]

@Court Jester, I'm amused that you bumped this long running "sideways" topic of yours.

Did you even put $1000 into BTC in 2013? If so do you still have it?

I did at AUD800, but I swapped it for LTC over a decade ago.

At the time silver was going nowhere and I agreed with your sentiment. But if you want to cherry pick dates then when silver crashed about 40% in 2021/22 and BTC crashed 75% over the same time you were remarkably quiet about BTC.

Trash talk is cheap because it costs nothing.

 

[JohnnyBravo300]

Maybe he bought neither. Or he's out driving his Ferrari haha.

 

[JohnnyBravo300]

From what I've heard the crypto winter might be around 8 months away.
Does that last about a year?

 

[mmm....shiney!]

Generally.

Halving, 1 year bull market, 1 year bear, then 2 years steady up to the next halving.

 

[Court Jester]

Maybe he bought neither. Or he's out driving his Ferrari haha.

no I just didnt have strong hands and sold wayyy too early

 

[Court Jester]

@Court Jester, I'm amused that you bumped this long running "sideways" topic of yours.

Did you even put $1000 into BTC in 2013? If so do you still have it?

I did at AUD800, but I swapped it for LTC over a decade ago.

At the time silver was going nowhere and I agreed with your sentiment. But if you want to cherry pick dates then when silver crashed about 40% in 2021/22 and BTC crashed 75% over the same time you were remarkably quiet about BTC.

Trash talk is cheap because it costs nothing.

yes I mined a lot of btc early on and have mined/ bought / traded many other cryptos (much on here as well) as well and have done quite well from them but I didnt hold and just sold when I had what I considered a good profit. I do wish I had kept just one of the btc I had mined though

over the last few years I have been just mostly dumping money into the share market (ETF's) and have done well with them so no complaints not ferrari money but still much better than silver

 

[JohnnyBravo300]

Metals are much better in the US after you figure in the tax losses on etfs.
Not only do you have to make the gains but you lose 30% to the govt on everything.
Any exchange held funds are reported here and they want their $$.

 

[Court Jester]

Metals are much better in the US after you figure in the tax losses on etfs.
Not only do you have to make the gains but you lose 30% to the govt on everything.
Any exchange held funds are reported here and they want their $$.

I dont know about the USA but here and I suspect there technically speaking you are supposed to pay tax on any gains you make on silver gains as well and any sufficiently large amounts I don't expect you could easily avoid it.