|
REPORT ABUSIVE REPLY
|
|
Message Subject
|
BANKS are closing after THANKSGIVING
|
|
Poster Handle
|
okie1 |
|
Post Content
|
I was thinking the same thing. Physical silver should run out around this time causing a currency collapse.
Quoting: Anonymous Coward 16203687 Physical silver is long gone. ANYONE can look at the commercial sites selling silver and see 100% premiums. What does this mean? Is the true price discovery for silver what the "fix" says it is, or what two parties are willing to exchange for? It is happening to Ag first, because silver is within reach to most people. After that is gone, gold will disappear overnight...unavailable at any price. It is already underway. Q: Why did E Musk not buy 44 billion in silver? A: He couldn't Silver is currently 20 something an ounce, spot, and silver bars and rounds can be had for about five over spot. Eagles are going for stupid money right now because...people are dumb and prone to behave like lemmings. Freaking pogs and beanie babies and shit. Monkey see monkey do right. As for the premium on rounds and bars, it's a product like any other that has to be manufactured. There's a cost associated with producing the coin or bar. Like even if they were made out of copper, there would still be a big premium for them. Just look at other products you buy at the store. You're likely paying about four times what the product actually costs to manufacture. Silver rounds and bars aren't any different. And honestly when you consider what the raw material costs, and that the rounds have to pass through several hands that all have to make a profit, the premium of five dollars is actually pretty reasonable.
|
|
|
Please verify you're human:
|
|
|
Reason for reporting:
|
