Metals being attacked just now

mmissinglink said:
Did you really expect anything different??? I could have told you that's the way the discussion would have went. These are not bullion coins and the U.S. Mint treats collector coins differently than bullion.

Not surprisingly, most other major mints have similar pricing for their collector (numismatic) silver coins. You and I and collectors in general may not like it (or think it's akin to price gouging) but it's normal standard procedure for the major mints to price collector coins like that.
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I just find those prices to be offensive. I'm shocked, stunned, & baffled at those prices.
Hell, I nearly had a heart attack and I'm not even 30 yet. LOL
 
-j-p-shmorgan said:
Silver just skyrocketed back up $0.20.
The Chinese need to figure out what they are doing. lol
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I was hoping it stayed down so no one else bids tonight on that GS #5555 bar so it be mine. :P
 
Skyrocket said:
-j-p-shmorgan said:
Silver just skyrocketed back up $0.20.
The Chinese need to figure out what they are doing. lol
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I was hoping it stayed down so no one else bids tonight on that GS #5555 bar so it be mine. :P
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Yeah, you got a solid price locked in. Great looking bar!
 
-j-p-shmorgan said:
I tried telling you kids...................... several times............ lol
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-j-p-shmorgan said:
...... and I'm not even 30 yet. LOL
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If you're not yet 30 and you're addressing "kids", I guess you must be addressing the teenagers in the audience. :lol: :lol: :lol: :lol: :lol:
 
Fat Freddy said:
-j-p-shmorgan said:
I tried telling you kids...................... several times............ lol
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-j-p-shmorgan said:
...... and I'm not even 30 yet. LOL
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If you're not yet 30 and you're addressing "kids", I guess you must be addressing the teenagers in the audience. :lol: :lol: :lol: :lol: :lol:
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:lol:

I've got wisdom beyond my years. :P
 
-j-p-shmorgan said:
I've got wisdom beyond my years. :P
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I used to think that when I was in my 20s too (as Im sure most of us did here)
Now a fair bit older Id happily go back in time and slap myself upside the head whilst quoting Game of thrones "You know nothing Jon Snow"
 
Stoic Phoenix said:
-j-p-shmorgan said:
I've got wisdom beyond my years. :P
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I used to think that when I was in my 20s too (as Im sure most of us did here)
Now a fair bit older Id happily go back in time and slap myself upside the head whilst quoting Game of thrones "You know nothing Jon Snow"
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hahahaha. Great post. Thanks for the laughs. :)
 
If "attack" is not now then it will be another day, because what people buy and doesn't perish, they sell again.
So an "attack" more today, is an "attack" less in the future.
 
Just spoke to one of my local dealers and he said his national wholesaler (out of Fla.) told him 8 weeks to get generic rounds (plus premiums are double last week's prices). My dealer said sometimes they get stuff sooner than what the wholesaler promises, but that is the time period for now. He said they can't even buy junk silver from the wholesaler, they are not taking orders right now.

My dealer said they are taking lots of orders where customers pay up front and wait weeks for their silver. I would never do that myself, I am just not trusting enough I guess.


Jim
 
Jim4silver said:
Just spoke to one of my local dealers and he said his national wholesaler (out of Fla.) told him 8 weeks to get generic rounds (plus premiums are double last week's prices). My dealer said sometimes they get stuff sooner than what the wholesaler promises, but that is the time period for now. He said they can't even buy junk silver from the wholesaler, they are not taking orders right now.

My dealer said they are taking lots of orders where customers pay up front and wait weeks for their silver. I would never do that myself, I am just not trusting enough I guess.


Jim
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Personally, I wouldn't pay up front and wait 4-8 weeks for delivery.
Prices could seriously change in that time frame, and you could find yourself paying WELL over spot. lol
 
-j-p-shmorgan said:
Jim4silver said:
Just spoke to one of my local dealers and he said his national wholesaler (out of Fla.) told him 8 weeks to get generic rounds (plus premiums are double last week's prices). My dealer said sometimes they get stuff sooner than what the wholesaler promises, but that is the time period for now. He said they can't even buy junk silver from the wholesaler, they are not taking orders right now.

My dealer said they are taking lots of orders where customers pay up front and wait weeks for their silver. I would never do that myself, I am just not trusting enough I guess.


Jim
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Personally, I wouldn't pay up front and wait 4-8 weeks for delivery.
Prices could seriously change in that time frame, and you could find yourself paying WELL over spot. lol
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If the prices keep dropping like they have, everyone is going to be paying well over spot. The only way premiums drop when prices drop, is if the price stays low long enough for enough supply to come back to the market. That would take several months at these prices.

I've talked to a few coin dealers and they say this drop looks "different" than in 2008 and 2013, which were both times supply dried up locally and folks had to order and wait. I don't know what it will look like in 2 to 3 months. But if silver drops by then to $10, the only people getting silver for anywhere near that price will be those buying paper silver, or those buying from crackheads and thieves (stolen goods).

Just my opinion.

Jim
 
Well, if looking to make a substantial purchase, being able to buy for $2/oz less can have a pretty big impact.
You had mentioned not trusting delivery. Personally, I would trust that the delivery comes through....
But if I can save $2+/oz on a large purchase, that would be my reasoning behind not wanting to wait for a 1+ month delivery.
 
Jim4silver said:
Just spoke to one of my local dealers and he said his national wholesaler (out of Fla.) told him 8 weeks to get generic rounds (plus premiums are double last week's prices). My dealer said sometimes they get stuff sooner than what the wholesaler promises, but that is the time period for now. He said they can't even buy junk silver from the wholesaler, they are not taking orders right now.

My dealer said they are taking lots of orders where customers pay up front and wait weeks for their silver. I would never do that myself, I am just not trusting enough I guess.


Jim
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Get another dealer, cause this one is no good.
Plenty of places around or online to buy and you will have it in your hand that day, or a week or so if buying online.
I am suspicious EVERY SINGLE time i hear about these SILVER SHORTAGES and SUPPLY issues, LOL.
Great way to push up sales , and if this "dealer" of yours is collecting money from people when we are in a down trend he has idiots for customers.
I am glad you said you do not preorder from him:)
 
Jim4silver said:
-j-p-shmorgan said:
Jim4silver said:
Just spoke to one of my local dealers and he said his national wholesaler (out of Fla.) told him 8 weeks to get generic rounds (plus premiums are double last week's prices). My dealer said sometimes they get stuff sooner than what the wholesaler promises, but that is the time period for now. He said they can't even buy junk silver from the wholesaler, they are not taking orders right now.

My dealer said they are taking lots of orders where customers pay up front and wait weeks for their silver. I would never do that myself, I am just not trusting enough I guess.


Jim
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Personally, I wouldn't pay up front and wait 4-8 weeks for delivery.
Prices could seriously change in that time frame, and you could find yourself paying WELL over spot. lol
Click to expand...


If the prices keep dropping like they have, everyone is going to be paying well over spot. The only way premiums drop when prices drop, is if the price stays low long enough for enough supply to come back to the market. That would take several months at these prices.

I've talked to a few coin dealers and they say this drop looks "different" than in 2008 and 2013, which were both times supply dried up locally and folks had to order and wait. I don't know what it will look like in 2 to 3 months. But if silver drops by then to $10, the only people getting silver for anywhere near that price will be those buying paper silver, or those buying from crackheads and thieves (stolen goods).

Just my opinion.

Jim
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Ever wonder why there are not Copper supply issues when it is only $2.50 A POUND?
 
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