Official ODT Silver Thread

[StuP]

IMO, Don't liquidate silver to buy gold. The s/g price ratio indicates that silver is the better value at the present time. You likely paid a premium to buy the silver, which you will not recoup and will then have to pay a premium to buy gold.

I'm not a serious investor in metals, just accumulated some over the years, mainly through trades, so $50 here or there isn't going to be significant.

I'm just pondering which is more inflation 'resistant', a Luger or silver. At some point I suspect the WW I / II guns will be desired by fewer and fewer people as the tangible links to increasingly 'ancient' history diminish.

I'm only talking an oz for novelty value

 

[chucklenut]

Q for the group, I'd love to get an oz of gold, would you liquidate silver bullion or a P08 to get there, (based on not having the free $'s to just buy) ?

id trade out the silver when the gold to silver ratio (GSR) hits my prime point

I dont currently swap gold for silver or vice-versa, I know a lot of folks who do. I'm getting to the point now where I am starting to feel comfortable doing that

 

[canoecanoe]

I have swapped siiver for gold. My ammo cans of silver are exceedingly heavy. Gold is considerably more portable.

 

[Greg_D]

100oz Royal Canadian Mint .9999 Fine Silver Bar for $1632.00.
$0.41/oz over spot or 2.57% premium, not bad for 4-nine RCM silver.
https://www.ebay.com/itm/162747858156

 

[chucklenut]

Apmex has a phil harmonic silver sale, buy a tube, get 1 free

But if you guys are looking for a cool deal on gov coins, check provident for their special on 2015 aussie funnel webs (1.59 ov spot at any quantity)

Not a killer deal but i like these (some have reported milk spotting but that is true for all canadian, uk, and aussie silver (the royal planchette suck evidently and can have weird wash to alot of them)

 

[DinkyDau]

Spot is now $15.89

 

[chucklenut]

Spot is now $15.89

All the dealer premiums haveshot up and dont look to be coming down

When 40% halves and 35% nickels are well above spot with the big 3 it tells you something.....i think the market is going to dip more, or at least thats what the big distributors think

 

[DinkyDau]

All the dealer premiums haveshot up and dont look to be coming down

When 40% halves and 35% nickels are well above spot with the big 3 it tells you something.....i think the market is going to dip more, or at least thats what the big distributors think

I agree, gonna be interesting to watch...

 

[Horsehat]

I think it could retest the low of around $14 back in March or so of 2016.
I also think the stock market turmoil may be causing some to have to liquidate their metal positions to cover shorts and this would be a very temporary dip.
Wish I knew for sure.

 

[Horsehat]

If it is the first scenario there should be a flurry of selling and negative sentiment as it approaches $14. (Warehouses full of silver, no value as a pm anymore, usual stories)