[fistfulladirt]

Got in yesterday afternoon @ $22.89 to the door.

 

[Jack Swilling]

Got in yesterday afternoon @ $22.89 to the door.

That is a very good and efficient deal and the timing was excellent. Props to you.

 

[Mogli]

I may be singular in my opinion, but I generally am not concerned about premiums. The paper-digital spot price is not the street price. So the vigorish is dependent on physical market demand. There is not a lot of excess gold and silver bullion laying around. I like this thread for tracking trends and the members who participate are solid. But I am more interested in what the net cost is to get physical silver or gold in whatever form to the door. Not the April or May spot price. At least some of what the commercials on conservative media have been saying for the past few decades may be comming to fruition right before our eyes thanks to the ineptitude of The Fed. Thank you William Devane. 🤔

I agree.

The reason I’m interested in premiums is because it effects the G to S ration IMO. I include those premiums in deciding which is the better buy, for me, at the time of purchase.

 

[cowboy1964]

The reason I’m interested in premiums is because it effects the G to S ration IMO. I include those premiums in deciding which is the better buy, for me, at the time of purchase.

Me too. Even a good silver premium is about 10%. For gold it is more like 5%. Generally speaking.

 

[Henry Knox]

Now that silver has breached the $30 support area I wonder just how far it will fall. With all of the poor news in Europe and the Euro's troubles I can only imagine the dollar will soar for a while as the teeter totter ($ vs Euro) swings again. A soaring dollar will mean reduced prices for PMs and commodities in general until folks realize the dollar is in no better condition than the euro.

I'd appreciate some basic investing advice. I'm 75, excellent health, never married so there's no dependents and I'm not a caregiver, and I have no debts. For various reasons I own no real estate and again for various reasons will have a customized travel trailer built in which I plan to use for itinerant ministery work. My income is mostly a SS check. This week, though, I will receive the last payment of an inheritance in the range of 325K before taxes which may be zero. Within the next three years I do not see the U.S. surviving in its present form but due to EMP's and other disasters I forsee most if not all of our communication/transportation/medical/banking systems largely or totally destroyed. I could possibly invest to produce regular income at some level for the short run or amass a fund for to barter more effectively. Suggestions?

 

[Jack Swilling]

I'd appreciate some basic investing advice. I'm 75, excellent health, never married so there's no dependents and I'm not a caregiver, and I have no debts. For various reasons I own no real estate and again for various reasons will have a customized travel trailer built in which I plan to use for itinerant ministery work. My income is mostly a SS check. This week, though, I will receive the last payment of an inheritance in the range of 325K before taxes which may be zero. Within the next three years I do not see the U.S. surviving in its present form but due to EMP's and other disasters I forsee most if not all of our communication/transportation/medical/banking systems largely or totally destroyed. I could possibly invest to produce regular income at some level for the short run or amass a fund for to barter more effectively. Suggestions?

Will offer observations not suggestions. The Fed/FDIC are making bank depositors whole way past the $250k limit to infinity and beyond. But who knows how long that will be a thing. There are certain investments that involve no counter-party risk. I despise the big banks but they are too big to fail, at least up to $250k but probably to infinity and beyond. But banks absolutely involve counter-party risk. It is nice to have assets that do not involve counter-party risk. God Speed

 

[sierra skier]

Ag @ $ 22.16 up $ .38

 

[Jack Swilling]

Ag @ $ 22.16 up $ .38

Silver is up even more but we don’t need and hour by hour update.
I will say I have never seen the Dollar Index go up so much and not crush silver like a cockroach

USD 104.92 +1.25

This crazy strength in the dollar really surprises me. But color me really surprised about silver and gold going up significantly in spite of the Dollar Index significant strength. Have never seen this.

 

[mtnairkin]

Silver is up even more but we don’t need and hour by hour update.
I will say I have never seen the Dollar Index go up so much and not crush silver like a cockroach

USD 104.92 +1.25

This crazy strength in the dollar really surprises me. But color me really surprised about silver and gold going up significantly in spite of the Dollar Index significant strength. Have never seen this.

That's known as inflation.

 

[prankster]

Ag @ $22.02 Up $ .23

 

[Jack Swilling]

That's known as inflation.

The dollar index is not known as inflation. Setting aside the definition of and reason for the Dollar Index, if it goes up or down, the price of silver and gold will, as a general matter, respond accordingly. That is why gold has reached all time, record, highs in multiple currencies, but NOT the dollar. I have never seen the dollar index go way up, North of 1.0 in a single cycle, and not crush silver and gold in terms of the Dollar. This divorce of action and reaction is facinating to me. It is really cool to see silver and gold operate independently outside of the norm.

 

[prankster]

Ag @ $22.11 Up $ .33

 

[jea]

Austria Philharmonics now on sale at Hero Bullion for $2.99 over spot, any quantity. I bought this morning for $24.91 per coin.
2023 1 oz Austria Silver Philharmonic Coin - Hero Bullion

 

[mtnairkin]

Austria Philharmonics now on sale at Hero Bullion for $2.99 over spot, any quantity. I bought this morning for $24.91 per coin.
2023 1 oz Austria Silver Philharmonic Coin - Hero Bullion

I'm somewhat green on this and not familiar with Philharmonics. How do they rate as far as purity and genuine-ness?

 

[Jack Swilling]

I'm somewhat green on this and not familiar with Philharmonics. How do they rate as far as purity and genuine-ness?

Those are solid both in purity which is consistent across the board on everything but also in genuine-ness. You will pay more for U.S. Mint but that is up to the individual. That is a good deal for a minted coin.

 

[jea]

I'm somewhat green on this and not familiar with Philharmonics. How do they rate as far as purity and genuine-ness?

Philharmonics are .999 pure silver, from the Austrian mint. This is my first purchase of this type of coin. Don't know that they have any particular security feature. They are unique in that they have a smooth, rather than reeded edge.

I don't buy rounds, only government minted coins - Royal Canadian Mint, U.S. Mint, Australian (Perth) mint, New Zealand and South Africa (Kruggerands). I feel the small difference in premium is worth the price (except maybe the gold/silver Eagles, which I buy only because they are most recognized).

 

[sierra skier]

Silver is up even more but we don’t need and hour by hour update.
I will say I have never seen the Dollar Index go up so much and not crush silver like a cockroach

USD 104.92 +1.25

This crazy strength in the dollar really surprises me. But color me really surprised about silver and gold going up significantly in spite of the Dollar Index significant strength. Have never seen this.

They have our markets so screwed up it is amazing they are even functioning, let alone logically.

 

[Rockwell Torrey]

Scottsdale Mint. Anyone use them?

 

[sierra skier]

I haven't, but they have been around for quite some time.

 

[Jack Swilling]

Silver

22.25

+0.58

10:05 am Central