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Silver is selling out, stores rush to restock

 
pool
~kiss my grits~

User ID: 77119396
United States
01/31/2021 04:35 PM

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Re: Silver is selling out, stores rush to restock
Sure they do. I've bought and sold all sorts of things at gun shows and in parking lots. Ever heard of craigslist? Armslist?
 Quoting: Anonymous Coward 3330740


Sounds like a death wish for single ladies.
Ninbit

User ID: 79343222
United States
01/31/2021 04:39 PM
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Re: Silver is selling out, stores rush to restock
ANTIQUE SILVER you can get.

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

Last Edited by Ninbit on 01/31/2021 04:41 PM
Ninbit
Anonymous Coward
User ID: 79807796
United States
01/31/2021 04:42 PM
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Re: Silver is selling out, stores rush to restock
What's the problem? Plenty of silver bullion available on ebay
Anonymous Coward
User ID: 2066987
United States
01/31/2021 04:44 PM
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Re: Silver is selling out, stores rush to restock
And what will all of you do with this silver? Wait for it to crash and sell it back a the same price you bought it? You can't use it at McDonalds.
Anonymous Coward
User ID: 79728707
United States
01/31/2021 04:46 PM
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Re: Silver is selling out, stores rush to restock
Well I just bought Buffalo Replica 1oz .999 Silver Medallion 10pc I know it's not a lot, but I don't have a lot of money.
Hope it's worth it!
 Quoting: Anonymous Coward 79624051


As long as it really is .999 you have done good.
 Quoting: Anonymous Coward 79854840


Got from SilverTowne.com
very nervous
 Quoting: Anonymous Coward 79624051


LOL, SilverTowne.com site is down for "maintenance"
Anonymous Coward
User ID: 79590488
United States
01/31/2021 04:47 PM
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Re: Silver is selling out, stores rush to restock
In my self directed 401k I was 100% long AGQ (2x SLV) but decided to sell Friday and put most into PSLV. Oh well, at least I'm in something. Long time physical holder too, added 200 more oz Friday to the stack.
Anonymous Coward
User ID: 18801246
United States
01/31/2021 04:47 PM
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Re: Silver is selling out, stores rush to restock
Most all the same are stopping silver sales until monday...

similar at most .. : "

*** Attention: Due to extremely high weekend volume, we cannot accept any more new orders until global markets open on Sunday night. ***

...Due to massive demand, we are NOT TAKING NEW ORDERS until we ship all recent orders. If you have a question about a recent order or wish to sell to us, please email us and include all necessary details so we can get right back to you. -BGASC

====Update: Due to unprecedented silver demand, SD Bullion is unable to accept any additional orders until the market opens Sunday evening.====

...
Attention Customers: Due to increased order volume, we are currently experiencing shipping delays of 5-10 days from cleared payment. ...

:
: [link to www.theepochtimes.com (secure)]
Chinaman

User ID: 77082211
United States
01/31/2021 04:48 PM
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Re: Silver is selling out, stores rush to restock
I don't like the taste or texture of silver. And I question its nutritional value. It's not what I would stockpile in preparation for the collapse of society. And you're just gonna end up trying to give me gold for some of my food but I'm afraid you will never have enough silver to buy even a single meal from me.
 Quoting: Anonymous Coward 77458002



until you need something that isn't food
 Quoting: Anonymous Coward 65942580


One ounce of silver in Venezuela will feed a family of 4 for four months
 Quoting: Silverback


Source? It seems extreme.
 Quoting: kelu


You can buy 50Lb bag of rice for $32.00. With 1 cup of rice, 5.6 oz., you can cook 1 pot of rice feeding a family of 4 for 1 day. Therefore, 50 Lbs will make 800 oz / 5.6 oz = 142 pots of cooked rice, which is about 4.7 months in the USA. So, it's not extreme.
Chinaman
Anonymous Coward
User ID: 65942580
United States
01/31/2021 04:52 PM
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Re: Silver is selling out, stores rush to restock
Silver go Brrrr.
Anonymous Coward
User ID: 77590476
United States
01/31/2021 04:54 PM
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Re: Silver is selling out, stores rush to restock
Can someone explain to me how buying silver will destroy the wealthy? Spouse says rich people have already gotten out of the market, waiting for it to crash and then they buy. Is spouse correct or can we, the common man, really stick it to the rich where the sun don't shine?
jlee2027

User ID: 76568830
United States
01/31/2021 04:57 PM
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Re: Silver is selling out, stores rush to restock
Silver Eagles prices have gone from $33 to $mid 40's on eBay.

GLORIOUS.


How do you remove a liability?
Six o' clock can be DANGEROUS.
Q


What time do the markets open? Six O' clock.
Anonymous Coward
User ID: 2066987
United States
01/31/2021 05:00 PM
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Re: Silver is selling out, stores rush to restock
I'll never buy ebay silver again.
Chinaman

User ID: 77082211
United States
01/31/2021 05:00 PM
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Re: Silver is selling out, stores rush to restock
Can someone explain to me how buying silver will destroy the wealthy? Spouse says rich people have already gotten out of the market, waiting for it to crash and then they buy. Is spouse correct or can we, the common man, really stick it to the rich where the sun don't shine?
 Quoting: Anonymous Coward 77590476


Basically, Silver is the real money, not paper money (inflated). So hold on to your silver until hyper-inflation sets in and you will be rich ones.
Chinaman
Anonymous Coward
User ID: 65942580
United States
01/31/2021 05:02 PM
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Re: Silver is selling out, stores rush to restock
You guys think this is funny, right?!
 Quoting: Anonymous Coward 78327618


silver go Brrrr....
McTimmins

User ID: 77846827
Canada
01/31/2021 05:02 PM
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Re: Silver is selling out, stores rush to restock
Can someone explain to me how buying silver will destroy the wealthy? Spouse says rich people have already gotten out of the market, waiting for it to crash and then they buy. Is spouse correct or can we, the common man, really stick it to the rich where the sun don't shine?
 Quoting: Anonymous Coward 77590476


The hedge fund dickheads are "short" silver. If price goes up they lose. Look up "short" on motley fool
Anonymous Coward
User ID: 79733077
Canada
01/31/2021 05:02 PM
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Re: Silver is selling out, stores rush to restock
O.K.,back to square one.Only 4 rules to buying silver.1.Take 2.Immediate. 3.physical. 4.possession. Violate any one of those 4 rules and you have lost.
 Quoting: Anonymous Coward 80001967


I buy Morgan dollars off e by is this OK ? Serious Question bro tim
 Quoting: Anonymous Coward 79733077


as long as the sellers are not from China you should be good, Morgan Dollars are highly collectible so you have the numismatic value going for you too unless they are Culls.
 Quoting: M R E

Thank You for the info .... I believe they are all stateside, and I did buy some cull just for the silver but mostly they are good coins , speaking of which the majority seem to bwe very fresh and not well worn which begs the question ,where they much used in that era ? Curious about your thoughts on that .... bro tim
Anonymous Coward
User ID: 65942580
United States
01/31/2021 05:07 PM
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Re: Silver is selling out, stores rush to restock
I see people discussing silver coins

What about silver jewelry
 Quoting: Anonymous Coward 79987390


it's silver but coins and bars are recognizable. You might have a baseball bat made out of silver, but how does anyone know?
A pile of 1964 quarters, everyone knows what that is.
Anonymous Coward
User ID: 79772648
United States
01/31/2021 05:08 PM
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Re: Silver is selling out, stores rush to restock
I don't like the taste or texture of silver. And I question its nutritional value. It's not what I would stockpile in preparation for the collapse of society. And you're just gonna end up trying to give me gold for some of my food but I'm afraid you will never have enough silver to buy even a single meal from me.
 Quoting: Anonymous Coward 77458002


You idiot,if people can afford silver they can afford to stock food.
Anonymous Coward
User ID: 79847844
United States
01/31/2021 05:10 PM
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Re: Silver is selling out, stores rush to restock
Anyone think a 10 oz bar at $320 is worth the gamble ? Silver is at $27 right now.
Anonymous Coward
User ID: 79916149
Italy
01/31/2021 05:11 PM
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Re: Silver is selling out, stores rush to restock
I don't like the taste or texture of silver. And I question its nutritional value. It's not what I would stockpile in preparation for the collapse of society. And you're just gonna end up trying to give me gold for some of my food but I'm afraid you will never have enough silver to buy even a single meal from me.
 Quoting: Anonymous Coward 77458002


You idiot,if people can afford silver they can afford to stock food.
 Quoting: Anonymous Coward 79772648


...and Silver (colloidal) might be the only doctor around for some time - a very very good doctor btw.
METELLYOUNOW
I'm kind of a big deal.

User ID: 79636302
United States
01/31/2021 05:13 PM

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Re: Silver is selling out, stores rush to restock
Anyone think a 10 oz bar at $320 is worth the gamble ? Silver is at $27 right now.
 Quoting: Anonymous Coward 79847844


Seems about right with shipping and insurance, I just paid $330 for 10.
Anonymous Coward
User ID: 65942580
United States
01/31/2021 05:14 PM
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Re: Silver is selling out, stores rush to restock
Anyone think a 10 oz bar at $320 is worth the gamble ? Silver is at $27 right now.
 Quoting: Anonymous Coward 79847844


30 would be the price at 27, if you have no silver that's about what you have to buy.
Anonymous Coward
User ID: 79847844
United States
01/31/2021 05:21 PM
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Re: Silver is selling out, stores rush to restock
Anyone think a 10 oz bar at $320 is worth the gamble ? Silver is at $27 right now.
 Quoting: Anonymous Coward 79847844


Seems about right with shipping and insurance, I just paid $330 for 10.
 Quoting: METELLYOUNOW


Thanks i might grab a couple for some fun and hope.
Anonymous Coward
User ID: 78010226
01/31/2021 05:22 PM
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Re: Silver is selling out, stores rush to restock
Anyone think a 10 oz bar at $320 is worth the gamble ? Silver is at $27 right now.
 Quoting: Anonymous Coward 79847844


Seems about right with shipping and insurance, I just paid $330 for 10.
 Quoting: METELLYOUNOW


Where?
SD64

User ID: 79999372
United States
01/31/2021 05:22 PM

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Re: Silver is selling out, stores rush to restock
I just checked my go-to bullion dealer Provident Metals, and they are pretty much out of sovereign silver coins- American Eagles, Silver Maple Leafs, Britannias, etc. Same thing with generic 1oz coins. I had checked last night and they seemed to have them in stock, so I guess there was a run overnight and today.

Last Edited by SD64 on 01/31/2021 05:25 PM
Anonymous Coward
User ID: 79624051
United States
01/31/2021 05:24 PM
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Re: Silver is selling out, stores rush to restock
Sure they do. I've bought and sold all sorts of things at gun shows and in parking lots. Ever heard of craigslist? Armslist?
 Quoting: Anonymous Coward 3330740


Sounds like a death wish for single ladies.
 Quoting: pool


How much do you wanna sell?
Anonymous Coward
User ID: 78957513
United States
01/31/2021 05:28 PM
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Re: Silver is selling out, stores rush to restock
Can someone explain to me how buying silver will destroy the wealthy? Spouse says rich people have already gotten out of the market, waiting for it to crash and then they buy. Is spouse correct or can we, the common man, really stick it to the rich where the sun don't shine?
 Quoting: Anonymous Coward 77590476


When you position for a short or a put, you basically sign yourself up for a contract for silver (or whatever) to be at a certain level at the end of the contract.

Hedgies cannot just 'get out of the market' because they have essentially bought a market position 'contract' that doesn't expire until a certain date.
szlachta

User ID: 79964899
Poland
01/31/2021 05:33 PM
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Re: Silver is selling out, stores rush to restock
I just watched the Polish market dry up on everything 125PLN to 135 in the last hour. Stuff that was 129, refreshed to 155 in my cart, then unavail.... Got 10 oz so now I'm a big shot investor. Now, on to find cocaine... j/k j/k. Drugs are bad

Last Edited by szlachta on 01/31/2021 05:35 PM
TerraFirma's Esoterrorist

User ID: 65946294
United States
01/31/2021 05:35 PM
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Re: Silver is selling out, stores rush to restock
Silver Eagles prices have gone from $33 to $mid 40's on eBay.

GLORIOUS.


How do you remove a liability?
Six o' clock can be DANGEROUS.
Q


What time do the markets open? Six O' clock.
 Quoting: jlee2027

That looks to be right, not sure what brokerage accounts let you buy overnight.

[link to www.cmegroup.com (secure)]
"Keep a weather eye to the chart on high and go home another way"

–James Taylor Never Die Young
Larry D. Croc

User ID: 70736097
United States
01/31/2021 05:37 PM

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Re: Silver is selling out, stores rush to restock
Anyone think a 10 oz bar at $320 is worth the gamble ? Silver is at $27 right now.
 Quoting: Anonymous Coward 79847844



Will they buy it back?

I ask because in some cases there can be a need for a different potential buyer to want an assay to insure it really IS a 10 ounce bar.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Ronald Reagan





GLP