Anyone Trying to Buy Precious Metals with the Price Dropping?

[mrpapageorgio]

Saw silver is down into the $12/oz range. Thought it might be a good idea to pick up a couple rolls of Silver Eagles (Tube of 20 with the green US Mint Cap) with the price dropping. Melt value would be around $260, so figured $300-$325 for the premium of them being ASEs. Holy s$$$ the dealers will not budge on the price, charging $400+ for rolls. Not paying $7-$8 premium for them.

[JIBBBY]

Thinking about Silver... https://www.jmbullion.com/charts/gold-price/

[Foxx]

Just buy the etf then and when the premiums narrow on the physical, sell them and get the coins.

[mrpapageorgio]

Thinking about Silver... https://www.jmbullion.com/charts/gold-price/

Been on their website previously since they take Bitcoin. Only problem is they claim to be "sold out" of the rolls.

Just buy the etf then and when the premiums narrow on the physical, sell them and get the coins.

Do you just buy SLV or which ETF are you using?

[jjgold]

I don’t know it’s not much correlation anymore with gold and the stock market it’s really weird

[Foxx]

I'm not in any etfs right now, but SLV will work fine for the purpose of going long silver without taking possession of physical. I prefer physical though.

[mrpapageorgio]

I'm not in any etfs right now, but SLV will work fine for the purpose of going long silver without taking possession of physical. I prefer physical though.

I prefer physical myself, but your suggestion doesn't seem like a bad idea in case the price goes up before dealers bring down their premiums to reality. Gonna call a couple of local coin shops tomorrow since I was busy today.

[mrpapageorgio]

I don’t know it’s not much correlation anymore with gold and the stock market it’s really weird

Not buying it to get rich. Just want a couple rolls in case SHTF and the price is cheap right now. Much easier to off load an ounce of silver than gold. I got Bitcoin, cash, and bullets already and figure silver would complete the superfecta of SHTF insurance.

[rkelly110]

Not buying it to get rich. Just want a couple rolls in case SHTF and the price is cheap right now. Much easier to off load an ounce of silver than gold. I got Bitcoin, cash, and bullets already and figure silver would complete the superfecta of SHTF insurance.

In case you are wondering, the shit is hitting the fan..........now!

[Sam Odom]

1964 or older silver USA coins (dimes & quarters) are essential

[Git Lo]

probably a heavy premium with physical purchase

[hubie69]

Try to find the locally. Your local silver/pawn/collectables shop should have some items fairly close to spot

[Sam Odom]

If stuff gets worse , way worse , lead will be better

[hawkeye 16]

I like this site for physical coins.

http://www.coinflation.com/silver_coin_values.html

Description		Face Value	Silver Value
	1942-1945 Nickel *	$0.05	$.6796
	1892-1916 Barber Dime	$0.10	$.8738
	1916-1945 Mercury Dime	$0.10	$.8738
	1946-1964 Roosevelt Dime	$0.10	$.8738
	1892-1916 Barber Quarter	$0.25	$2.1846
	1916-1930 Standing Liberty Quarter	$0.25	$2.1846
	1932-1964 Washington Quarter	$0.25	$2.1846
	1892-1915 Barber Half Dollar	$0.50	$4.3692
	1916-1947 Walking Liberty Half Dollar	$0.50	$4.3692
	1948-1963 Franklin Half Dollar	$0.50	$4.3692
	1964 Kennedy Half Dollar	$0.50	$4.3692
	1965-1970 Half Dollar (40% silver)	$0.50	$1.7865
	1878-1921 Morgan Dollar	$1.00	$9.3432
	1921-1935 Peace Dollar	$1.00	$9.3432
	1971-1976 Eisenhower Dollar (40% silver) **	$1.00	$3.8201
	1986-2013 Silver Eagle (.999 Silver)	$1.00	$12.0679

[mrpapageorgio]

If stuff gets worse , way worse , lead will be better

Already good on that. Someone I know who works at a gun shop said they sold 3 dozen ARs in a day and can’t keep up with the demand for ammo.

Try to find the locally. Your local silver/pawn/collectables shop should have some items fairly close to spot

Thats plan B, gonna try today.

[Mac4Lyfe]

Not buying it to get rich. Just want a couple rolls in case SHTF and the price is cheap right now. Much easier to off load an ounce of silver than gold. I got Bitcoin, cash, and bullets already and figure silver would complete the superfecta of SHTF insurance.

I'd stay away from ALL precious metals. Folks now a days do not give a shit about metals during a pandemic. Bleach, hand wipes, sanitizers, etc., are worth more than metals. Food, Supplies, Power, Water, Cash and bullets are king.

[mrpapageorgio]

I'd stay away from ALL precious metals. Folks now a days do not give a shit about metals during a pandemic. Bleach, hand wipes, sanitizers, etc., are worth more than metals. Food, Supplies, Power, Water, Cash and bullets are king.

Agreed that supplies are more important, but Like I said, not looking to spend a fortune, just have a roll or two if I can get them for the right price. I already have a bullion 5 oz America the Beautiful quarter puck and a 10oz Australian Kookaburra I've had for years, but I figured having a couple rolls of ASE's would be better to sell off individually if SHTF than the pucks and can always hold onto them if not or just quickly liquidate them to get them off my hands.

Checked eBay. People are panicking and paying $400+ (even $500) for rolls of eagles when the melt value is about $260. Holy f$$#! Closest coin shop to me was closed. One didn't have any, and one was charging $400. I guess I'm better off selling what I got if people are willing to pay that kinda premium now for physical silver.

[pilebuck13]

Holding about 250 oz of silver
About 12 ounces of gold people want to buy like crazy right now but I’m not selling shit....might consider trading it if the value is right....so many people laid off in my area or have lost their jobs I have been cruising craigslist deals are coming only a matter of time