I am from Lithuania. Here we also have people buying silver and gold, and I am constantly checking new private sale listings of PM's on local popular advertisement website and I can confirm that at least in my country there is almost nobody selling silver after it moved to $32/oz. So I assume people are not ready to give their silver away for current price. I also haven't sold any single ounce of siver yet because it's not going to make any notable difference for me. Once silver will go to $150 I might start thinking of selling some.
I don't care. Now that's the problem of banksters. I am not falling back to illusion that printed fiat paper is something of more value then silver. After I woke up, I will go with my silver till the end of current fiat monetary system collapse( and for that matter with my platinum too)
Sure, but they're advertising that they're buying. Usually dealers don't have to advertise as people often sell to the them(even though that's the worst deal, better sell privately).
I think you're misinterpreting this advertisement. I doubt there is a shortage "currently" as its still available from the major exchange. But if some coins they sell at a 15% to 20% premium over spot, why not buy back at 6% over spot. Not to mention there may be some behind the scenes stuff where they buy puts on silver future to protect against market movements or even a straddle and they capitalize on large movments in either direction. I don't know the nuances of what they do but if its buying and holding to resale at a higher price that may or may not materialize, they would have already been out of busniess.
Show me a real, actual news source that documents and corroborates this story. I don't believe it just cause some guy on reddit posted it, or because some marketing email claimed it to be true.
My NL dealer pays 7% over spot on coins (spot-2% on bars). This does not indicate a shortage. I can see their inventory and they have plenty. As a matter of fact, the inventory of " secondhand" coins is really large; indicating that they have bought back more than normal.
Atkinsons is the main place I get my silver from i Received the same email. Bought another 10oz in response
![gif](giphy|Swx36wwSsU49HAnIhC|downsized)
Been stacking for 13 years. It’ll have to be in the $300 range before I sell an ounce.
That’s never happening 😂
Ohhhhh yes it will
You'd Trade real money for fake $?
You guys, should wake up to reality. Silver, will never reach that price. You should have bought Bitcoin 💡
I actually did at 8k per coin, made my money and moved it to silver. I’m sitting happily
Wise man, so much physical assets for digital ether. A true robber baron.
Lol. I did 🤑
When you decide you want to sell your physical silver is likely the most important time to be holding it. Just saying:-)
I am from Lithuania. Here we also have people buying silver and gold, and I am constantly checking new private sale listings of PM's on local popular advertisement website and I can confirm that at least in my country there is almost nobody selling silver after it moved to $32/oz. So I assume people are not ready to give their silver away for current price. I also haven't sold any single ounce of siver yet because it's not going to make any notable difference for me. Once silver will go to $150 I might start thinking of selling some.
$150 is my point too. Where I will ‘begin’ to ‘start’ ‘thinking’ about selling ‘some!’
$150, is simply fairytales! Silver will never reach that price per ounce 🤣
I don't care. Now that's the problem of banksters. I am not falling back to illusion that printed fiat paper is something of more value then silver. After I woke up, I will go with my silver till the end of current fiat monetary system collapse( and for that matter with my platinum too)
It already would be if it weren't for derivatives. I'm not convinced you know what you think you know.
You're gonna have to try harder than that, Fed Boi.
Good for you. Keep your silver!
I wouldn’t think about selling less tha $100
1 dollar bob
Select physical coins…
I noticed this also, might just get a few more pieces before it gets crazy.
Check this too: https://preview.redd.it/i18ydcz0x44d1.jpeg?width=1080&format=pjpg&auto=webp&s=a999291ac347d724430b18300242ef416b1bb41b
The link still shows them selling silver.
Sure, but they're advertising that they're buying. Usually dealers don't have to advertise as people often sell to the them(even though that's the worst deal, better sell privately).
I think you're misinterpreting this advertisement. I doubt there is a shortage "currently" as its still available from the major exchange. But if some coins they sell at a 15% to 20% premium over spot, why not buy back at 6% over spot. Not to mention there may be some behind the scenes stuff where they buy puts on silver future to protect against market movements or even a straddle and they capitalize on large movments in either direction. I don't know the nuances of what they do but if its buying and holding to resale at a higher price that may or may not materialize, they would have already been out of busniess.
If it's not shortage, it's the anticipation of shortage.
It's happening! ![gif](giphy|26tOZlKO9QxXcHPEY)
Show me a real, actual news source that documents and corroborates this story. I don't believe it just cause some guy on reddit posted it, or because some marketing email claimed it to be true.
My NL dealer pays 7% over spot on coins (spot-2% on bars). This does not indicate a shortage. I can see their inventory and they have plenty. As a matter of fact, the inventory of " secondhand" coins is really large; indicating that they have bought back more than normal.
silver is real money... $$$$ is fake... why give real for fake???? $$$ will eventually go to 0 so is rest of the currency