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REPORT ABUSIVE REPLY
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Message Subject
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Unable to buy physical silver at any price in the world's largest city for the first time in 15 years.
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Poster Handle
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Ordovician |
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Post Content
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I have been an on-and-off investor in physical precious metals. For years I had a network of brokers and vendors I would buy from and sell to.
This month I decided to buy some bars of silver for the first time in some years.
Nothing. Nada. Zip. Every store, every dealer, every metalsmith is tapped the fuck out.
First time this has been the case since I started buying and selling metals a decade and a half ago.
What the literal fuck?
Quoting: Ordovician So it looks like roughly $300 or $2,950 each for 10 oz. or 100 oz. bars respectively....., . Couldn’t you instead just rush in to your local jeweler chain store and buy up that amount in silver jewelry? Same stuff, no? I was in one recently. Stock under the glass appeared plentiful....... Mmmmaybe. Not sure it would be worth it. I really don't know much about how to resell jewelry. Seems like you would get stiffed somehow. I can see it devolving into a scrappy haggle...who is going to buy a pile of women's bracelets? Plus I have my doubts about the purity of Jewelry. And also what I'm used to doing is plunking down money for pure ingots, not hustling around with a bunch of rings in my pocket and stuff. I might look into chains though. Some of them have pretty good heft.
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