Silver Price Watch
- Thread starter STKR
- Start date
MSM is really getting going with the PM's. Here's an interesting take :-
Is JPMorgan hoarding silver? Here’s what it means as reports claim the bank has been stockpiling the precious metal
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
Is JPMorgan hoarding silver? Here’s what it means as reports claim the bank has been stockpiling the precious metal
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
A well known Dealer in Melbourne :-
1oz Perth Mint Kangaroo Silver Coin
Perth Mint Bullion 9999
Current Price
$117.91 AUD
Our current buy back price for this item is $91.87 AUD
I should have added this :-MSM is really getting going with the PM's. Here's an interesting take :-
Is JPMorgan hoarding silver? Here’s what it means as reports claim the bank has been stockpiling the precious metal
Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
I would think that JPM doesn't " Personally " own a single oz of that Silver
They make money " risk free " by doing the trading/deals
Silver nearing $100. New Zealand stackers already celebrating triple digit silver a while back, as it's now $110NZD.
Still no obvious shortages at the dealers though. I reckon we're seeing industrial shortages that will soon become much worse. All the big tech companies have been preparing for this for more than a decade.
Still no obvious shortages at the dealers though. I reckon we're seeing industrial shortages that will soon become much worse. All the big tech companies have been preparing for this for more than a decade.
lt feels like dealers arent putting secondary stuff back out like they used to when the price spiked. It used to be a chance to get 'interesting' things (for a newbie) as people would sell off.
Its like everything is going to refineries instead of being recirculated.
This may be because at these prices they dont think there will be immediate retail buyers, and its just more efficient to melt? Or maybe my perception is incorrect, but at these prices i would expect to see heaps of cool older stuff becoming available. Maybe its all on f.b and ebay. Maybe thats where its at.
Its like everything is going to refineries instead of being recirculated.
This may be because at these prices they dont think there will be immediate retail buyers, and its just more efficient to melt? Or maybe my perception is incorrect, but at these prices i would expect to see heaps of cool older stuff becoming available. Maybe its all on f.b and ebay. Maybe thats where its at.
On a Bullion Now Live stream (which I enjoy immensly) Michael said that a staff perk is they get to buy 10 ounces of silver a month at spot price. That'd include the pick of the buy backs. They've got quite a few staff members now as it's easy to forget the back end staff (packers).
Then there's their sister store The Little Coin Shop which would get the prime stuff. I should imagine there'd be other people who'd get prime picks as well