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Posted
On 8/10/2020 at 7:24 PM, Armybrat said:

He lurks here some and even posted a couple of times on TOS, so he ain’t crazy.

excuse me sir, I believe we'll be the judge of that.

  • 2 weeks later...
  • 4 months later...
Posted
Quote

Retail sites for silver have been overwhelmed with demand for bars and coins, suggesting the frenzy that roiled commodities markets last week is spilling over into physical assets.

Dealers including Money Metals, SD Bullion, JM Bullion and Apmex said over the weekend they were unable to process orders until Asian markets opened because of unprecedented demand. Buying continued on Monday, and spot silver and futures jumped to breach $30 an ounce.

“Pretty much physical silver is almost all gone in terms of live inventory,” Tyler Wall, president and chief executive officer at SD Bullion, said in a Bloomberg TV interview. “Currently we’re seeing the premium -- the price you pay over spot to get actual physical silver in your hands -- is skyrocketing. Most stuff on our website’s at least 30% over spot and we can’t source it for much less than that right now from our wholesalers.”

...

https://www.bloomberg.com/news/articles/2021-01-31/silver-retail-sites-grind-to-halt-as-reddit-horde-moves-to-coins

  • Hook 'Em 1
Posted
9 hours ago, workswithseed said:

Since there is talk of short squeezing silver and it's a PM I figured it might be posted in here.

I guess it's a matter of time before the Hive Reddit mind runs out of nostalgia companies and silver, and turns to gold.

Posted

Run baby run. I was down 40% at one point, now I'm around even. Go up a bit more and I'm gonna sell about 1/2 my silver holdings ~300 oz.

There's a couple of PM coin places close to work, wonder how much they'll offer compared to Apmex.

Posted
4 hours ago, workswithseed said:

I love how much money Demo Ranch just shoots expensive stuff for fun. Makes me wonder how much he makes.

He probably just melted that big ingot into smaller "art bars" with titties or guns or maps of Texas on them, then resold them for 20% mark-up.

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