Official ODT Silver Thread

[3clicks_Off]

Is it time to sell? Tough question my paper money is no good and going down daily gold and silver is on the rise so why trade it for more paper money?

Paper trades into metals, ammo and guns pretty good right now.
Not many metal buyers in this environment unless you're 10-15% under spot on bullion and 20-25% under on 90% coins.

 

[Treehawk]

Paper trades into metals, ammo and guns pretty good right now.
Not many metal buyers in this environment unless you're 10-15% under spot on bullion and 20-25% under on 90% coins.

The question is why you would sell gold or silver when paper money is declining.

 

[BigMike]

The question is why you would sell gold or silver when paper money is declining.

50% realized gains means something.

 

[BigMike]

Paper trades into metals, ammo and guns pretty good right now.
Not many metal buyers in this environment unless you're 10-15% under spot on bullion and 20-25% under on 90% coins.

Some of pay better than that. The market is flooded and nobody is buying to stack.

 

[mhg]

Screen shot of provident metals. They are buying Eagles at 51.67 at that moment

 

[3clicks_Off]

Some of pay better than that. The market is flooded and nobody is buying to stack.

You and I lovesilver pay good for sure.

I'd bet a war nickel that the market is about to be super swamped with inventory. All those that got caught holding the bag back in 2011 are gonna dump metric tons of silver back into the system.

 

[thevalueman]

Wasn't there a saying.....sell

View attachment 9563878


Screen shot of provident metals. They are buying Eagles at 51.67 at that moment

humm....doesn't sound like 10%-15% below spot......

 

[thevalueman]

You and I lovesilver pay good for sure.

I'd bet a war nickel that the market is about to be super swamped with inventory. All those that got caught holding the bag back in 2011 are gonna dump metric tons of silver back into the system.

hope so!!!
I'll be waiting to pick some up on the way down......I'll be selling now, however

 

[edman99]

To the one who said they might offload 100 ounce bar(s):

By Provident Metals.

 

[BigMike]

Wasn't there a saying.....sell

humm....doesn't sound like 10%-15% below spot......

That's where 90% is now. The biggest refinery in the state is paying $26.50 on morgans and 25x on 90%. That's in the neighborhood of 70%. The last 90% I sold was yesterday, BU Kennedys at 32X. Nobody wants it, not even the refinery.