Is Silver next?

[KittySlayer]

And now about $1,869.49 & $25.36. I think gold will settle down some but I hope silver is beginning a moderate run. Crazy that the cheapest 1oz round is over $29 when buying 20 or more.

So I want to pick up another gold coin, but not in a hurry. For you metal hounds what is a good price point to watch for? My gut is telling me spot anywhere between $1,800 and $1,850 would be a good number.

 

[76Too]

So I want to pick up another gold coin, but not in a hurry. For you metal hounds what is a good price point to watch for? My gut is telling me spot anywhere between $1,800 and $1,850 would be a good number.

Get what you can while you can afford it (at any price).

News from China on Evergrande’s potential default on loans is signaling possible meltdown.

I’m 39 and don’t trust crypto...so I guess I’m just old school. I’m not stacking precious metals deep at all, but hopefully have enough physically on hand to get through any transition period if a meltdown occurs.

As the saying goes...the best time to buy was yesterday, but the next best day is today!

 

[teddy12b]

$23.64 spot today on silver.

As far as the China Evergrande disaster goes I've heard a few economists talk about it and the consensus among them was that they way the chinese government is setup the collapse will be much more controlled since it's not like what happened in the US with the Lehman Brothers. Great time to watch the movie, "The Big Short" again just as a refresher.

 

[snorko]

Some decent black Friday deals. Best I found was at APMEX: 1 oz Buffalo rounds at $1.49 over spot (sold out), and ( Fine Mint bars, 100g to 100oz, $1.29 over spot.

 

[DoggyDaddy]

I thought about getting some 1 gram secondary market gold bars from APMEX, advertised at 9.99 over spot... per bar! It was 67.87 per gram which came out to 1924.11/oz. I passed, even though I was only going to order 3 to get free shipping.

 

[tim87tr]

Was looking on JM Bullion. Am I missing something here?....Kilo bars silver are $850, 35.27 oz is $24.10/oz. A 100oz bar is still $26.00/oz.

 

[snorko]

Was looking on JM Bullion. Am I missing something here?....Kilo bars silver are $850, 35.27 oz is $24.10/oz. A 100oz bar is still $26.00/oz.

Silver kilo bars are 32.15 troy ounces or $26.44/tr oz. at that price.

 

[spencer rifle]

Silver under $23 now.

 

[snorko]

Well now that $1.29 over spot Black Friday purchase ain't looking so great.

ETA: checked the prices on 10oz bars and I am still below current so yay.

 

[spencer rifle]

Looks like silver might be headed below $22 spot.

 

[ancjr]

Looks like silver might be headed below $22 spot.

I bought a bunch at $34, so that would make perfect sense.

 

[Ark]

I bought a bunch at $34, so that would make perfect sense.

Thank you for your cervix

 

[ancjr]

Buy more @ $22 to offset the loss, right? I'm actually eyeballing platinum.

 

[teddy12b]

I'm afraid of buying more at the moment because I'll be personally responsible for driving the price down to $10 per ounce.

 

[DoggyDaddy]

Looks like silver might be headed below $22 spot.

It did...

 

[jsharmon7]

Under $22 is tempting.

 

[JeepHammer]

Started on 06-Mar-2010

Anyone seen those $1,000-$1,500 silver prices?

Still junk silver around here for silver soldering and such, but since my education isn't in commodities speculation (with someone else's money) I believe I'll stick with what I know...

There is a crap ton of copper, zinc, lead, etc scrap...
Copper & zinc makes brass.
Copper & tin makes bronze.

I do smelt & cast, which is something I actually know about.

 

[teddy12b]

As much as I'd like to see the prices of silver change, I also think that'd be joined at the hip to something more destructive to our nations economy than anyone alive has ever witnessed. I'm ok if the gold/silver ratio never gets back to where it has been historically, and I'm fine with having a precious metals just as an insurance policy. I'm actually excited to buy a little more just to see how far I can jinx the price down to.

Every year I buy a silver eagle for that year for each of my kids. They've got one for every year they've been alive, and it's the start of their own insurance policy.

 

[Tyler-The-Piker]

Started on 06-Mar-2010

Anyone seen those $1,000-$1,500 silver prices?

Still junk silver around here for silver soldering and such, but since my education isn't in commodities speculation (with someone else's money) I believe I'll stick with what I know...

There is a crap ton of copper, zinc, lead, etc scrap...
Copper & zinc makes brass.
Copper & tin makes bronze.

I do smelt & cast, which is something I actually know about.

 

[ancjr]

No one knows the future, but I find this guy pretty intelligent and not spinning a narrative: