Pawn Stars' Rick Harrison on why it's so hard to find silver right now | |
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MudSlinger
User ID: 80385190 United States 06/30/2021 05:33 PM Report Abusive Post Report Copyright Violation | It's not hard to find. My closet floor is covered with the junk 1. “You can’t fire a cannon, from a canoe!” 2. “Strength is gained in the range it is trained.” 3. “If it doesn’t swim, run, or fly, or isn’t green and grow in the ground, don’t eat it.” 4. “Know that you have complete control over what you put in your mouth. No one ever ate anything by accident.” |
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Horse lover fats
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Adjudicator
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Anonymous Coward User ID: 80088859 Canada 06/30/2021 06:02 PM Report Abusive Post Report Copyright Violation | [link to www.kitco.com (secure)] Quoting: Don Draper from Nantucket Supply disruptions that began during the outbreak of COVID still linger and continue to cause shortages of physical silver deliveries, driving premiums up, according to Rick Harrison, owner of the Gold & Silver Pawn Shop as featured in the hit reality TV show "Pawn Stars". "It's very hard to keep any bullion in stock and the bullion I do have I'm selling them for $4, $5 over spot when it comes to silver. It's very difficult to get. Physical silver is a very hard thing to find right now. I know a lot of people in this business…physical delivery is very hard right now," Harrison told Michelle Makori, editor-in-chief of Kitco News. Pawn Stars is a hit reality TV show that chronicles the daily activities of the family-run World Famous Gold & Silver Pawn Shop in Las Vegas. The series airs on The History Channel and has been the network's highest rated program. "With COVID, the U.S. government stopped making Eagles for a while, they got really behind, so there was a lag there. All last year there was massive physical demand, there's a lot of physical demand right now, and [there are just] whole supply issues. I was talking to a supply manufacturer and it's supply chain issues, getting the silver from point A to point B to point C…it's not the way it used to be," he said. Harrison noted that there's a lot of "free money" in the system right now, which has caused bids on collectible items and luxury goods to skyrocket. "I'm selling some video games right now for tens of thousands of dollars, just the cartridge. I can't keep a Rolex in stock, I can't find any Rolexes. Generally, there's tons of people selling used Rolexes wholesale, I can't get any," he said. See, i bet if you actually called him to buy silver the premium would larger than the tale he’s telling. He’s trying to seem good this his clients that sold to him at $4-$5 over spot.(that’s what he paid when buying, not selling) I challenge anyone in LV to prove me wrong |
Anonymous Coward User ID: 72041736 United States 06/30/2021 06:02 PM Report Abusive Post Report Copyright Violation | I've been selling silver for $30 that I paid around $15 for- so he's kinda correct about the premium. Either way, he's bald and my grandfather who was a B17 tail gunner, shot down over Romania, escaped to make it home- always told me to never trust bald people because they are angry about not having hair and behave poorly. So I don't trust pawnstars... |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/30/2021 06:06 PM Report Abusive Post Report Copyright Violation | LOL I'll bet Rick has a frickin warehouse full of it as well. Considering Papa probably willed him a million ounces or more... PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/30/2021 06:07 PM Report Abusive Post Report Copyright Violation | I've been selling silver for $30 that I paid around $15 for- so he's kinda correct about the premium. Quoting: Anonymous Coward 72041736 Either way, he's bald and my grandfather who was a B17 tail gunner, shot down over Romania, escaped to make it home- always told me to never trust bald people because they are angry about not having hair and behave poorly. So I don't trust pawnstars... PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
Don Draper from Nantucket
(OP) User ID: 57553864 United States 06/30/2021 06:10 PM Report Abusive Post Report Copyright Violation | Hmmm, I have my grandmother's pre WW2 100 piece real silver flatware set. Wonder what it would be worth. Quoting: LimaIndiaSierra A lot! Check the name though if it is a collectible pattern or Gorham etc. it may be worth much more than scrap price to the right person! PLATA BITCHEZZZZZZ UPGRADE UNAVAILABLE The Rolling Stones said it best... "What's confusing you is the nature of my game" |
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Anonymous Coward User ID: 80502005 United States 06/30/2021 06:16 PM Report Abusive Post Report Copyright Violation | Thing is premium is only one way, always. When it's time to sell stores will only pay spot price. Quoting: Kaynos Thing is premium is only one way, always. When it's time to sell stores will only pay spot price. Quoting: Kaynos That is called the free market. They only pay spot and sell above spot so they can afford to have a business to sell and buy. If you opened your own business you would do exactly what they do. It's called a business for a reason. |
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Anonymous Coward User ID: 80293826 United States 06/30/2021 06:24 PM Report Abusive Post Report Copyright Violation | He is full of shit. Go on any website that sells silver and you will get in a 3-4 days. He is smart because he knows people will believe him and will increase the value of his current silver inventory. Quoting: Horse lover fats Yep he is totally full of BULLSHIT! There are all kinds of sites with loads of silver for sale. OP is full of it too! |
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Lioness and cubs
User ID: 78415692 United States 06/30/2021 06:29 PM Report Abusive Post Report Copyright Violation | I hear there's about a ton of it at the bottom of lakes and reserviors...I know that's where mine ended up when me and a nunch of my silvertard friends boats all capsized on the same day! Unbelieveable! Lioness I'm not the Lioness that has been vilified on some other threads. I'm a newbie :) |
#521
User ID: 79721840 United States 06/30/2021 06:35 PM Report Abusive Post Report Copyright Violation | Thing is premium is only one way, always. When it's time to sell stores will only pay spot price. Quoting: Kaynos You are grossly misinformed (at least in this current state of the market) JM Bullion is paying $4.50 USD over spot price for random year Silver Eagles. [link to www.jmbullion.com (secure)] |
#521
User ID: 79721840 United States 06/30/2021 06:36 PM Report Abusive Post Report Copyright Violation | I hear there's about a ton of it at the bottom of lakes and reserviors...I know that's where mine ended up when me and a nunch of my silvertard friends boats all capsized on the same day! Unbelieveable! Quoting: Lioness and cubs :Irskek: Also would you believe that joke is even funnier the 100 billionth time it's posted? Last Edited by #521 on 06/30/2021 06:41 PM |
Anonymous Coward User ID: 80293826 United States 06/30/2021 06:38 PM Report Abusive Post Report Copyright Violation | Thing is premium is only one way, always. When it's time to sell stores will only pay spot price. Quoting: Kaynos You are grossly misinformed (at least in this current state of the market) JM Bullion is paying $4.50 USD over spot price for random year Silver Eagles. [link to www.jmbullion.com (secure)] And JM has a ton of silver for sale! |
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Dogfood™
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Anonymous Coward User ID: 80262380 United States 06/30/2021 06:58 PM Report Abusive Post Report Copyright Violation | I hear there's about a ton of it at the bottom of lakes and reserviors...I know that's where mine ended up when me and a nunch of my silvertard friends boats all capsized on the same day! Unbelieveable! Quoting: Lioness and cubs you try and pull that move and you best have paper work to verify the ship wreck people been making this lame claim for so long that they are onto it You claim this one and you will find yourself on the wrong side of a judicial opinion. If push comes to shove...shamefully admit you sold it to smoke crack, gamble or visit whores. Much more likely to be believed. |
Shithead Tyrone Slothrop
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Shithead Tyrone Slothrop
User ID: 65595863 United States 06/30/2021 07:00 PM Report Abusive Post Report Copyright Violation | I hear there's about a ton of it at the bottom of lakes and reserviors...I know that's where mine ended up when me and a nunch of my silvertard friends boats all capsized on the same day! Unbelieveable! Quoting: Lioness and cubs you try and pull that move and you best have paper work to verify the ship wreck people been making this lame claim for so long that they are onto it You claim this one and you will find yourself on the wrong side of a judicial opinion. If push comes to shove...shamefully admit you sold it to smoke crack, gamble or visit whores. Much more likely to be believed. hey bootlicker, if the judicial opinion doesn't have your silver it doesn't matter what you claim. You can claim nothing at all. I've gotten a lot of red for telling the truth and being right. Just sayin' |
TillamookTom
User ID: 80548163 Federated States of Micronesia 06/30/2021 07:03 PM Report Abusive Post Report Copyright Violation | [link to www.kitco.com (secure)] Quoting: Don Draper from Nantucket Supply disruptions that began during the outbreak of COVID still linger and continue to cause shortages of physical silver deliveries, driving premiums up, according to Rick Harrison, owner of the Gold & Silver Pawn Shop as featured in the hit reality TV show "Pawn Stars". "It's very hard to keep any bullion in stock and the bullion I do have I'm selling them for $4, $5 over spot when it comes to silver. It's very difficult to get. Physical silver is a very hard thing to find right now. I know a lot of people in this business…physical delivery is very hard right now," Harrison told Michelle Makori, editor-in-chief of Kitco News. Pawn Stars is a hit reality TV show that chronicles the daily activities of the family-run World Famous Gold & Silver Pawn Shop in Las Vegas. The series airs on The History Channel and has been the network's highest rated program. "With COVID, the U.S. government stopped making Eagles for a while, they got really behind, so there was a lag there. All last year there was massive physical demand, there's a lot of physical demand right now, and [there are just] whole supply issues. I was talking to a supply manufacturer and it's supply chain issues, getting the silver from point A to point B to point C…it's not the way it used to be," he said. Harrison noted that there's a lot of "free money" in the system right now, which has caused bids on collectible items and luxury goods to skyrocket. "I'm selling some video games right now for tens of thousands of dollars, just the cartridge. I can't keep a Rolex in stock, I can't find any Rolexes. Generally, there's tons of people selling used Rolexes wholesale, I can't get any," he said. THE ZOMBIE APOCALYPSE IS HERE NOW. |
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