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Silver now has an $8.00/oz. premium?

 
Anonymous Coward
User ID: 77832779
Canada
05/22/2020 02:53 PM
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Re: Silver now has an $8.00/oz. premium?
you cant eat silver !
5a
 Quoting: Anonymous Coward 78925012


You can't eat a dollar bill either.
 Quoting: Anonymous Coward 77082211


Silver will help you buy food from a farmer the dollar bill once it becomes worthless will be used to start fires
MarPep

User ID: 78937396
United States
05/22/2020 03:24 PM

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Re: Silver now has an $8.00/oz. premium?
Am I reading that correctly?
Silver trading at $17 per ounce but selling through JMBullion and others for $25/ounce?

Who would pay that?
 Quoting: Anonymous Coward 78595288


[link to www.jmbullion.com (secure)]

looks like a $4 premium to me.
 Quoting: Anonymous Coward 78566342


and $3 if you buy in bulk.
 Quoting: Anonymous Coward 78566342


$2 /oz if you buy a 62 pound bar. Then try to coin that yourself? Save the trouble—buy coins from reputable mints.
_______________
They let me off with a warning and a couple of bullet holes.
Anonymous Coward
User ID: 71326066
United States
05/22/2020 08:01 PM
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Re: Silver now has an $8.00/oz. premium?
bump
Anonymous Coward
User ID: 69667897
United States
05/22/2020 08:13 PM
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Re: Silver now has an $8.00/oz. premium?
Just take my advice.

This isn't a good time to buy silver.
 Quoting: Anonymous Coward 2298636


Thats right.Buying into huge demand isnt good.
 Quoting: Anonymous Coward 77888403


I don't have much faith in silver as an investment, but anybody who's buying physical silver with an $8/oz premium is nuts.
Anonymous Coward
User ID: 67511492
United States
05/22/2020 08:35 PM
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Re: Silver now has an $8.00/oz. premium?
Just take my advice.

This isn't a good time to buy silver.
 Quoting: Anonymous Coward 2298636


Thats right.Buying into huge demand isnt good.
 Quoting: Anonymous Coward 77888403


I don't have much faith in silver as an investment, but anybody who's buying physical silver with an $8/oz premium is nuts.
 Quoting: Jon Titor ™


The Premium is the difference between the paper market and the physical market. In small quantities, you can get physical for the paper spot price. When you want to get physical some 2000 ounces or so, then you start to pay the actual physical price.
Anonymous Coward
User ID: 69667897
United States
05/22/2020 08:42 PM
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Re: Silver now has an $8.00/oz. premium?
Just take my advice.

This isn't a good time to buy silver.
 Quoting: Anonymous Coward 2298636


Thats right.Buying into huge demand isnt good.
 Quoting: Anonymous Coward 77888403


I don't have much faith in silver as an investment, but anybody who's buying physical silver with an $8/oz premium is nuts.
 Quoting: Jon Titor ™


The Premium is the difference between the paper market and the physical market. In small quantities, you can get physical for the paper spot price. When you want to get physical some 2000 ounces or so, then you start to pay the actual physical price.
 Quoting: Anonymous Coward 67511492


If you are a silver stacker, and want to sell physical silver, you will get the SPOT price.

Stop bullshitting.





GLP