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Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums

 
Anonymous Coward
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10/27/2022 02:42 AM
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Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
As Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums



Silver stackers we talk to on a regular basis seem to be getting tired of hearing about the market tightness without any movement in the bank spot price. However, obviously that could be about to change if the COMEX and LBMA vault drain continues for much longer. One of the individuals I speak to regularly who has first hand knowledge of a COMEX depository's operation told me recently that they didn't think there's any unspoken silver left, just people haven't figured it out yet. An interesting comment, given that there is supposedly 35 million ounces of registered silver left at the COMEX.

Some silver bullion production is ordered out through March 2023 and nearly every silver round/coin is at least 4 weeks delayed from purchase, most 6-8 weeks. There already exists on the wholesale market what will be manifesting in retail trading across the space in the coming weeks: a complete uncoupling of price for live, deliverable Silver. You can already see that in the US Silver Mint Eagles where premiums are now nearly 100% of spot price. In the rare occurrence someone is quoting inventory that's actually there, on a shelf and ready to ship that day, premium becomes almost irrelevant in this market. There's virtually no price quoted that is too high with the benefit of 3 hours hindsight. You snooze, you lose. -Dr. Tyler Wall, SD Bullion, Inc.

The big question, as always - where do we go from here?

[link to www.zerohedge.com (secure)]
Anonymous Coward
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10/27/2022 02:49 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Anonymous Coward
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10/27/2022 02:50 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
>I can hold out longer than they can
Anonymous Coward
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10/27/2022 02:50 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Anonymous Coward
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10/27/2022 02:59 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Looks like we ride!
Anonymous Coward
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10/27/2022 03:00 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
silver tards lol

ya buying back collectable silver eagles. . They give you 200k premium for 1889 CC Morgan Silver Dollar lol


Normal rounds thay're still being under spot.
Anonymous Coward
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10/27/2022 03:34 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
that 10 dollar deal and spot for silver eagles still isnt a deal. if i took all my silver eagles and did that i would lose the silver eagles and mAyBe able to buy a 20oz bar of scottsdale if it were available. besides 2020 is the last year of america anyway and those are the ones i got so they will be worth even more in a few weeks
Anonymous Coward
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10/27/2022 03:42 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Rut Roh

Up to $30 an ounce for new to the market 10 oz. bars

[link to www.jmbullion.com (secure)]
Anonymous Coward
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10/27/2022 03:44 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
^^^^^Sell to us price^^^^^^


$200!!!
Anonymous Coward
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10/27/2022 04:00 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
I had a call recently with a bullion dealer. I told him I have a box 1 ounce silver maples (they themselves are out of stock) and ask what he would give me for it. He told me spot silver price. I told him 'Are you joking? I guess you're not in it to earn money then ?' and said thank you but NO!

chuckle

rockon

ps: I never would have sold anyways
Anonymous Coward
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10/27/2022 04:02 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
silver tards lol

ya buying back collectable silver eagles. . They give you 200k premium for 1889 CC Morgan Silver Dollar lol


Normal rounds thay're still being under spot.
 Quoting: Anonymous Coward 84146480


Where can you buy any round under spot?
Anonymous Coward
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10/27/2022 04:02 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
>I can hold out longer than they can
 Quoting: Anonymous Coward 84318283


hesright
Anonymous Coward
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10/27/2022 04:26 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
>I can hold out longer than they can
 Quoting: Anonymous Coward 84318283


hesright
 Quoting: Anonymous Coward 80811981


lol
Anonymous Coward
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10/27/2022 05:59 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
$2300 over spot. 100% mark up on palladium.

[link to www.jmbullion.com (secure)]
Anonymous Coward
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10/27/2022 06:07 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
DO NOT SELL


There isn't no god damned 6 to 8 week wait on silver being delivered. I can buy whatever bar or round of whatever size and it will be delivered in a week at the most.

I'm a stacker and I don't even believe in this silver shortage.
Anonymous Coward
User ID: 84116233
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10/27/2022 06:19 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
And why the hell do you buy from JMBULLION? They are one of the most expensive places to buy metals right below Apmex.

I swear I don't think you people have been stacking very long. Been watching too much Silver Slayer vids on YouTube or reading too much Wall Street Silver on Reddit.

People who stack silver know eBay is the place and before you morons trash eBay because you've never bought from them, all the major sellers have official eBay stores including overpriced JMBULLION.

BullionExchanges on eBay and MonumentMetals are the fucking cheapest places to buy silver.

When RCM bars were hitting close to $300 a bar at Apmex and JMBullion, I was buying them for $240 a bar at LibertyCoin on eBay. You dumb motherfuckers.

Just by the stores you retards post tells me you aren't seasoned stackers.
Barry Miacockener

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10/27/2022 06:36 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
DO NOT SELL


There isn't no god damned 6 to 8 week wait on silver being delivered. I can buy whatever bar or round of whatever size and it will be delivered in a week at the most.

I'm a stacker and I don't even believe in this silver shortage.
 Quoting: Anonymous Coward 84116233


For all ' y'all yanks who are looking for precious...


thank me later...

[link to canadianpmx.com (secure)]

[link to silvergoldbull.ca (secure)]

[link to goldstocklive.com (secure)]
Anonymous Coward
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10/27/2022 06:43 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
And why the hell do you buy from JMBULLION? They are one of the most expensive places to buy metals right below Apmex.

I swear I don't think you people have been stacking very long. Been watching too much Silver Slayer vids on YouTube or reading too much Wall Street Silver on Reddit.

People who stack silver know eBay is the place and before you morons trash eBay because you've never bought from them, all the major sellers have official eBay stores including overpriced JMBULLION.

BullionExchanges on eBay and MonumentMetals are the fucking cheapest places to buy silver.

When RCM bars were hitting close to $300 a bar at Apmex and JMBullion, I was buying them for $240 a bar at LibertyCoin on eBay. You dumb motherfuckers.

Just by the stores you retards post tells me you aren't seasoned stackers.
 Quoting: Anonymous Coward 84116233

I’m illustrating demand at the high end of the market. Not where someone can get the best deal.
beeches

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10/27/2022 06:45 AM

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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
maybe time to part ways...

sdollar
we only have each other. And that makes us rich.. . .

Wisdom in the man, patience in the wife, brings peace to the house and a happy life.
Anonymous Coward
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10/27/2022 06:48 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
inflation is expected to rise significantly over the next few months so no wonder.
N3M3S1S

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10/27/2022 06:56 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
That’s great but Eagles are selling at a $17/oz premium now, so they are making $7 per.
Poster Nutbag
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10/27/2022 07:13 AM

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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
 Quoting: Anonymous Coward 68359318


According to these numbers, at the current rate of distribution, we should hit bottom in just over 6 months.

That means the whole rigged game should start visibly falling apart no later than March/April.
...it's a sign of the nation's decay.
Anonymous Coward
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10/27/2022 07:20 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
We're going to find out what the REAL prices for gold and silver are. The silver price suppression mechanism will fail first, and spectacularly.
Anonymous Coward
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10/27/2022 08:52 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
They are buying at spot + 10$ to turn around and sell it back at spot + 20$, 30$ or more ?

No thanks.
Anonymous Coward
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10/27/2022 08:55 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Silver coin a day keep inflation away
Anonymous Coward
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10/27/2022 08:56 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
DO NOT SELL


There isn't no god damned 6 to 8 week wait on silver being delivered. I can buy whatever bar or round of whatever size and it will be delivered in a week at the most.

I'm a stacker and I don't even believe in this silver shortage.
 Quoting: Anonymous Coward 84116233


Can you read?
No shortages but high premiums


whatever
Deplorableduckhunter

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10/27/2022 08:57 AM

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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
maybe time to part ways...

:sdollar
 Quoting: beeches


don't you dare:)
Anonymous Coward
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10/27/2022 08:59 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
We're going to find out what the REAL prices for gold and silver are. The silver price suppression mechanism will fail first, and spectacularly.
 Quoting: Anonymous Coward 84394591


This. The 'paper' price is increasingly meaningless.
Anonymous Coward
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10/27/2022 09:01 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
Just checked and spot price is half of what you can get on internet sell!
Also checked the biggest precious metals dealer and other than gold jewelry(junk gold) they have pages of “out of stock”!

The falsehood of the spot price has caught up with the L’s!
BLACK GHOST

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10/27/2022 09:04 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
I really don't know at what price I'd sell my precious shinies
"We demolish arguments and every pretension that sets itself up against the knowledge of God, and we take captive every thought to make it obedient to Christ."
Anonymous Coward
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10/27/2022 09:07 AM
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Re: Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums
They are buying at spot + 10$ to turn around and sell it back at spot + 20$, 30$ or more ?

No thanks.
 Quoting: Anonymous Coward 81674768


They need to make a living too





GLP