barrytrot wrote:Yep, the "drying up" line is used at least once every 3 months and yet I can still make an order for 500 ounces of silver or gold in 5 minutes. Go figure. Of course, they may not deliver the gold since I wouldn't actually pay
barrytrot wrote:Apmex appears to have some.
beauanderos wrote:barrytrot wrote:Yep, the "drying up" line is used at least once every 3 months and yet I can still make an order for 500 ounces of silver or gold in 5 minutes. Go figure. Of course, they may not deliver the gold since I wouldn't actually pay
Barry, you're talking about bar and rounds .999 silver... I'm talking about 90%. Try ordering $1000 face bags of 90% junk and you won't find any wholesaler with, at most, two or three of them. I'm gonna go out on a limb here and make my own prediction... that whenever silver finally does climb above $100 an ounce, it will be on the back of .999 forms of silver... as you won't be able to pry 90% loose from whatever few strong hands remain holding it.
.999 will always be around, but 90% is going to disappear. Common junk silver will be a thing of the past by the end of this decade.
Rodebaugh wrote:Premiums on 90% are up. wholesale channels are grabbing what they can and paying above spot to get it.
this is not speculation.....Pure clean observation.
barrytrot wrote:It's also probably due in part to silver being down near and under $30 lately. When that happens it seems the premiums on 90% go up and when it is $35 and above they go down.
barrytrot wrote:Yep, the "drying up" line is used at least once every 3 months and yet I can still make an order for 500 ounces of silver or gold in 5 minutes. Go figure. Of course, they may not deliver the gold since I wouldn't actually pay
Hawkeye wrote:Interesting reasoning. I hadn't thought about the availability of 90% vs 999 before. I've always assumed (wrongly, I see) that 999 would be "more desireable" and thus more scarce. But I supposed they're not making 90% junk silver any more, so the supply would continue to slowly diminish and consolidate into stronger hands, while 999 will always be produced for the new buyer. I guess I need to start concentrating more on junk silver while the opportunity remains.
Engineer wrote:Rodebaugh wrote:Premiums on 90% are up. wholesale channels are grabbing what they can and paying above spot to get it.
this is not speculation.....Pure clean observation.
The question in my mind is how much this has to do with the supply of eagles drying up at the end of the year. Buyers of government coins may simply be turning to 90% until the SAEs start shipping again.
Then again, it may be indicative of increased demand by joe public...or strong hands speculating on a $30 floor with a run-up in the spring.
Has there been a run on common Morgans along with the rest of the 90%?
neilgin1 wrote:Rodee, in my haste, there is ONE silver "coin" (ignot) i'm missing.....yours.
i never buy ignots, but what you did with your ignots was pure art.
neilgin1 wrote:Rodee, in my haste, there is ONE silver "coin" (ignot) i'm missing.....yours.
i never buy ignots, but what you did with your ignots was pure art.
Rodebaugh wrote:Silver D's started pulling more premium a month or two ago. Just ask some of the regular RC morgan/peace buyers about availability and premium.
I'm buying from Joe Public at 25-26......and still not getting much. Then what I do get purchased is getting swallowed next day in the 28-29 range. They never have a chace to make it to RC's BST.
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