ChiefKiefton said:

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Gold and Silver are about to go crazy. I don't have enough yet.

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Man I've been holding mine for years, I'm just happy to finally be in the black.

I'll be selling some down the road if we continue up a bit....10 oz bars, few generic rounds, a few American Eagles, and a few sleeves of American Eagles.

I am going to be selling some of my 100 oz Republic Metals silver bars soon to take a little profit. Does anyone have any interest? Located downtown Dallas.

What would you be asking? I might be interested

dallasattnyag said:

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I am going to be selling some of my 100 oz Republic Metals silver bars soon to take a little profit. Does anyone have any interest? Located downtown Dallas.

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Have anything smaller? Not really in the market for 100oz bars at the moment.

Where are you located? I have some odds and ends up looking to get rid of, not sure how much you're wanting to buy.

Pricing would depend on volume, but retail shops are offering $.50 below spot and seem to be selling quite a bit above spot $3 to $5. I'd be around spot + $1.50. Happy to consider lower if there are retailers below spot + $3 that i haven't come across.

I'm hearing September and especially early September could be where everything breaks. The amount of institutions/banks that are selling their shorts and going long is mind boggling. Where it will break is SO many banks/investment firms are getting out of the paper contracts and requesting delivery of the physical metal from the COMEX. Delivery date for the COMEX is the first Tuesday of the month. No way the COMEX has anywhere near the amount of physical as they have paper contracts. Now people are requesting delivery...... should be a WILD ride.

HERE'S A DEALER:

They also do storage in crazy underground vaults...plus you can take a tour at the Brewery up the street.

https://www.texmetals.com/

Appointment only. AGGIE 100

Very professional as well.

Edit: saw someone posted about them already buried in the thread...

Outdoorag011 said:

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I'm hearing September and especially early September could be where everything breaks. The amount of institutions/banks that are selling their shorts and going long is mind boggling. Where it will break is SO many banks/investment firms are getting out of the paper contracts and requesting delivery of the physical metal from the COMEX. Delivery date for the COMEX is the first Tuesday of the month. No way the COMEX has anywhere near the amount of physical as they have paper contracts. Now people are requesting delivery...... should be a WILD ride.

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So your prediction is early september Silver gets a rocket up its arse and flys to the moon?!?!

Haha I wish. I think we can see some big moves. Now that could be on both sides. I don't discount them crushing it down 10-20%. But the amount of contracts now that are going to request the physical delivery of gold and silver is high. Just in the last month 1 billion ounces of silver have been traded via paper contracts. I bet the COMEX/LBMA doesn't even have 10% of the actual physical metal they need to fulfill these contracts. I won't make a prediction either way but I do know we will see major moves.

Interesting macro look at why gold/silver are going to go up dramatically over the next five years.

Closed my calls on SLV for ~ 45% gain. I'm interested in Gold silver spread trade, betting it will contract further.

Outdoorag011 said:

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Haha I wish. I think we can see some big moves. Now that could be on both sides. I don't discount them crushing it down 10-20%. But the amount of contracts now that are going to request the physical delivery of gold and silver is high. Just in the last month 1 billion ounces of silver have been traded via paper contracts. I bet the COMEX/LBMA doesn't even have 10% of the actual physical metal they need to fulfill these contracts. I won't make a prediction either way but I do know we will see major moves.

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JP Morgan Chase, we are looking at you

moses1084ever said:

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Closed my calls on SLV for ~ 45% gain. I'm interested in Gold silver spread trade, betting it will contract further.

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Hate to be the rookie with rookie questions but can you explain what the G/S spread trade and what it means for it to contract? I assume it means that you think that the difference in prices between G/S will get smaller meaning you think that silver will grow in value faster than gold will?

Lets pretend I bought a few Texas Silver Eagles last week. How do you PM bugs track your holdings? I assume I will want to keep track of both the spot and the premium I paid?

mwp02ag said:

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Lets pretend I bought a few Texas Silver Eagles last week. How do you PM bugs track your holdings? I assume I will want to keep track of both the spot and the premium I paid?

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I have a really elaborate spreadsheet with that data. Mine has a lot more detail than you need for bullion stacking since I collect coins.

Pretty quiet in here today.... especially after a precious metals beat down

fairviewcrew said:

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Pretty quiet in here today.... especially after a precious metals beat down

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It was a beating, but depends on what you are doing and your outlook. Couldn't make a higher high after the low, so sell off time. Definite consolidation in prices/people taking profits. Then, it should continue the rally eventually. I can imagine it going another 10-20% with silver before consolidating.

If you bought in March, you are still up 100% or more. That's a good rate of return regardless. Physical possession... i'm imagining the premiums are still pretty high and not much of a dent yet. I did notice it appears the last few days have been records with volume in SLV.

This was expected/needed. Both metals went up to fast to soon. Good healthy pullback. The pullback may continue through tomorrow.

I have some silver but I am not a speculator
I am a coin collector as some of the above are also

If you have coins and ever decide to sell. Text me

979-eight two o -l87o. Gary

The values of the coins are still more than the silver price
Intrinsic vs numismatic

Again depends on the coin

So with silver taking a dip when would be a good time to buy a few monster boxes of silver eagles?

Tomm? Next week?

Wait longer?

Ok take back what I said. Silver up 5% already since Kamala announced as VP.

Well I have learned some valuable lessons this week. After wanting to have a little PM for a year and really studying/ paying attention for the last month the wife and I decided that we were going to go ahead and buy some silver early last week. I bought some Texas Silver Eagles at the end of the day after that good run up, looking back it was all emotional and FOMO that made me buy. Had I paid attention to the trend I would have waited and been able to buy a few more coins in this dip.

I have been wanting to have some PM for the hedge against the inflation that I still believe is going to break soon so this was always going in a safe so no big deal. I'm a real estate investor and this was my first purchase and the wife kinda giving me the smirk today. You know the one.

Hey at the end of the day Robert Kiyosaki is right, if you want to learn something buy a little bit of it so you'll pay attention. I've learned a bit out the G/S spread and why I think that means silver is a good buy for me. I think I'll buy a few more in this dip.

bullard21k said:

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So with silver taking a dip when would be a good time to buy a few monster boxes of silver eagles?

Tomm? Next week?

Wait longer?

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Silver eagles. Always comes at a premium. If you are wanting to buy silver Buy just regular silver bars or 1 ounce
Silvers.

The gold silver spread is a ratio - how many units of silver can you purchase with a unit of gold. This ratio has fluctuated over time. It's a relative value trade.

With a spread trade, in *theory*, you've hedged the outright directional market risk as you're short one leg of the spread so assuming both legs of your trade are correlated, the move either up or down is hedged.

Spreads can be tricky IMO as one leg of your spread can be much more volatile than the other. You also run the risk of the spread going the opposite of what you're hoping for (widening/tightening). Also, if things get really volatile, your broker can up margin requirements which could potentially force you to liquidate a leg of your trade if you don't have enough cash in your account. All things to keep in mind.

I sold my SLV calls last week as I felt we were near a blowoff top in metals. I got burned by metals in '11 and a bad trade on gold futures earlier this year so I was extra cautious this time around.

I buy physical silver as a hedge.