Anybody else buying the precious metal dip?

mojave30cal

mojave30cal

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Silver is down over $2.00 since yesterday. Picked up a tube of silver buffaloes. If the silver price continues to drop on Monday
I have two firearms I can sell to pick up two more tubes. Buy the
dip. ;)
 
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A tube of silver buffaloes would be 20 1oz rounds.
To answer your question, yes.
At tommorow's coin show I'll be looking for constitutional 90% Franklin halves and 1964 Kennedy halves.

Silver spot price has dropped almost $5 in one week.
 
ladder13 said:
why is gold and silver, inflation hedges, going down?
Click to expand...

Normally we (USA) are only concerned about what's going on in the U.S. Silver went up when stocks dropped as a hedge against inflation. Silver went down (or stable) went stocks rose.
NOW we have the entire planet's worries affecting silver prices. Falling metal prices and falling foreign stock markets.
 
ladder13 said:
Not a metals guy but…

With TEOTWAWKI and the predictions of inflation why is gold and silver, inflation hedges, going down?
Click to expand...


Margin calls.

DEFINITION
A margin call is a broker’s demand that an investor who has borrowed money to buy securities must deposit more money or securities into their account so it’s brought up a minimum value.

They sell off some of their paper gold/silver contracts to come up with the money owed.
 
Slumping stock market will encourage those investors to wait til it sinks, people panic and sell off and go to cash....too late. Buffett went to cash months ago. Greedy wall street pukes are waiting to capitalize on the drop, hold your gold and silver, buy if you can and wait. Just like your portfolio if you don't sell, you don't loose.
I feel for those that were getting ready for retirement...I saw it happen the last time prior to Covid, friends that were greedy and in short term high gains lost a third of their portfolio in the blink of an eye. However those with time on their hands and hung in there, got everything back they lost in maybe six years or more, they still lost any headway but breaking even is for the patient.
 
Haven’t bought, but thinking about it.
Will probably place an online order before the Market opens Sunday PM.
Warren Who? He reportedly has 3500 Tons of Silver.
I don’t have quite that much!
 
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Question if i may

I plan on it Monday.
My question is i usually buy from JM Bullion or SD bullion and the Advertised prices on Eagles and rounds today does not reflect the drop. am i thinking right?? The advertised price should reflect the dip on Monday, correct?
 
Also a SD Customer.
The price right now is the Friday close.
The Market reopens this PM - no way to predict what will happen!
Also noticed pretty high premiums on one Ounce Rounds.
Their Silver Deal, right now?
Rolls of Silver Halves. $218.66. 79 Cents per Ounce over Spot.
 
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Funny how sellers on Fb or CL set a price and when it’s still for sale after a drop they don’t lower their price.
 
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