Buying physical gold/silver

616,864 Views | 3317 Replies | Last: 5 hrs ago by Yukon Cornelius
jagvocate
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Yukon Cornelius said:

Where's a good place to watch that?

I get Asia market updates in my feed from X.com accounts such as @sorenthek @maneco64 @realTimHack and(don't chuckle, he's a great Asian precious metals follow) @KingKong9888

Yukon Cornelius
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The Shanghai demand retail or the state?
TTUArmy
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Yukon Cornelius said:

The Shanghai demand retail or the state?

Industry... EV, PV, Electronics (Industrial and Consumer)
Bird Poo
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How high will it go? Anyone have a sell point?
HarleySpoon
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Bird Poo said:

How high will it go? Anyone have a sell point?

I will sell when I believe the price is too high.

I will believe the price is too high when I regain confidence that the citizens of the US will vote for fiscally responsible lawmakers…..or when I become convinced the rest of the world will forever continue to pretend the US dollar should be THE reserve currency. Given the current state of world politics and with about $540,000 of actual debt per US tax return that actually results in any significant tax paid….I'm far from convinced it is anywhere near priced too high. And if PM returns to its historic role as reserve currency, it will happen like a light switch.
aggiedata
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Elon uses a lot of silver in the Tesla battery I'm sure.

Scientific
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Bird Poo said:

How high will it go? Anyone have a sell point?

Im thinking outloud, and I know this isn't an apples to apples comparison, but this feels a bit like real estate as both have commodity dynamics as investment and inflation hedges, that also have real utility. The market is shifting because of huge industrial demand while world politics around monetary policy are fluid. The housing market has essentially flat lined the last two years, due to downward price pressures. Silver has now carved a narrower lane of its own it feels like.

Silver still feels "cheap" compared to just about anything you could place a dollar in, other than growth stocks. Whatever manipulation there was in silver, is now weaker than ever due to worldwide supply/demand dynamics. A perfect storm really. I don't think anyone can predict the top.

A cousin of mine who went heavy in gold at the start of the year is sitting pretty, but kicked himself for not getting into silver. He locked in his 2 kilo bars last night. Even at $80 or $100 an oz, is there a cheaper hedge as we're eyeing rate decreases heading into next year?
lobopride
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I'll cash out at as needed to pay for things I want. I'm talking about land, tractors, etc. I refuse to think in fiat terms of a price point.
jagvocate
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Follow-up: I found a site that quotes US Dollar prices in Shanghai for gold and silver

https://goldsilver.ai/metal-prices/shanghai-silver-price

Also:

On December 26, 2025, the CME issued Advisory #25-393 [https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2025/chadv25-393.pdf], increasing margin requirements for silver futures contracts, effective after the close of business on December 29, 2025. The initial margin for the March 2026 contract has been raised to $25,000, up from $20,000 in recent weeks. T

To contextualize this move, it's worth recalling similar actions in the past when exchanges adjusted rules amid rising prices:

- In 1980, during the Hunt Brothers' attempt to corner the silver market, the COMEX introduced "Silver Rule 7," which significantly increased margins and contributed to a sharp price decline from nearly $50/oz to around $10/oz within months.
- In 2011, as silver approached $49.50/oz, the CME raised margins five times over nine days, leading to a 30% drop in the ensuing weeks.

These historical examples illustrate how margin hikes can reduce leverage, force liquidations, and alleviate pressure on short positions. In reality it's to disincentivize market players-- particularly from large holders -- in seeking physical delivery. The CME doesn't have the silver that could be demanded, so they change the rules of the game as they go to "protect the house."

Except that now underlying fundamentals suggest this may not fully stem the upward momentum. Physical market indicators point to tightening supply:

- COMEX inventories have seen significant drawdowns: In the first four trading days of December 2025 alone, over 60% of registered silver was claimed for delivery, underscoring strong industrial and investor demand.
- Adding to supply constraints, China will implement export licensing requirements for silver starting January 1, 2026, replacing the prior quota system and potentially restricting outflows from the world's largest producer.

Unlike past squeezes driven primarily by speculative positioning, the current environment is bolstered by robust industrial demand for silver in sectors like electronics, solar, and EVs. Margin increases may deter paper traders, but they do little to address physical scarcity.

In short, it may "be different this time." Expect volatility, know why you hold or why you trade and your targets, and be thankful if you've invested in this incredibly undervalued asset. 2026 should be something else.

aggiedata
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TTUArmy
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Quote:

12/19/25
Gold - $4,354.50
Silver - $67.42
GSR - 65 : 1

12/27/25
Gold - $4549.88
Silver - $80.59
GSR - 56 : 1

Next week ought to be a real doozy in volatility.

Hold the line and buy the dip...if we should be so lucky to get one.
Outdoorag011
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Purchased this at a coin show at the end of 2019 right before the world shut down for covid. Cool coin.
$30,000 Millionaire
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CME raising margin requirements and I think they'll keep doing it until they get the desired pullback. Same playbook as the Hunt brothers.

Expecting a futures gap and a parabolic short opportunity. Classic question persists: is it different this time.
lobopride
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$30,000 Millionaire said:

CME raising margin requirements and I think they'll keep doing it until they get the desired pullback. Same playbook as the Hunt brothers.

Expecting a futures gap and a parabolic short opportunity. Classic question persists: is it different this time.


I think this hurts the shorts more than the longs for several reasons.

Weird things happened over the weekend. Both Apmex and SD Bullion decided to show a higher spot price than the close on Friday by over a dollar. Very strange.

I have linked a great X article on where we are at with silver.


$30,000 Millionaire
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I read that as well and thought that was very good. I liked the part about copper not being a viable near term alternative.

I think the industrial demand aspect that he discusses is a good one - the $143/oz break even point. I think it's fair to say that's an absolute ceiling. A pull back into the high 50s would actually be very constructive for continued upward momentum.

Straight up price action from here, while satisfying, ends the same way that it starts.
insulator_king
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This sounds like a good time for me to sell all my junk war nickels.
35% silver, 56% copper, 9% manganese , so worth about $4.49 each.
https://www.coinflation.com/coins/1942-1945-Silver-War-Nickel-Value.html
HarleySpoon
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insulator_king said:

This sounds like a good time for me to sell all my junk war nickels.
35% silver, 56% copper, 9% manganese , so worth about $4.49 each.
https://www.coinflation.com/coins/1942-1945-Silver-War-Nickel-Value.html

Eight week wait at the smelters. Dealer is going to pay you about 80% to 90% of melt. Dealer is going to sell to an individual for between 95% of melt and melt. Yes…a good time to sell…but melt these days is full retail.
$30,000 Millionaire
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This is the very first eagle I ever bought 35 years ago! Saved Christmas money to get it
jagvocate
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Talked it through with a friend this weekend on what if anything is an okay buy right now. All I could come up with is constitutional (junk) silver and platinum bullion. Junk for the relatively low premiums right now and platinum because even after it's fantastic run up
In 2025 (better than silver), it's still fairly priced against gold historically ratios.

Black Tooth Grin
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GrimesCoAg95
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.
Yukon Cornelius
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An ounce is over 91 bucks on apmex including premiums.
AgEng06
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Please pardon the newb post, but I'm considering selling a 10 oz Scottsdale Mint "Chunky" bar, but I don't know how to go about pricing it. I see on Scottsdale's site for $825-850ish, depending on payment method, and on eBay for $840ish.

What's the best way to go about selling it, and for what price? I assume slightly less than those prices is probably a good starting point? Is there an "easy" way to sell it without having to list on eBay or similar? Anyone on here interested?

Scottsdale Mint Link

aggiebrad16
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Where are you located? I'm a sucker for anything Scottsdale and like stacking 10toz bars
AgEng06
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I live in the Austin area, but will be traveling south of San Antonio later this week.
ChiefAggieton
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AgEng06 said:

Please pardon the newb post, but I'm considering selling a 10 oz Scottsdale Mint "Chunky" bar, but I don't know how to go about pricing it. I see on Scottsdale's site for $825-850ish, depending on payment method, and on eBay for $840ish.

What's the best way to go about selling it, and for what price? I assume slightly less than those prices is probably a good starting point? Is there an "easy" way to sell it without having to list on eBay or similar? Anyone on here interested?

Scottsdale Mint Link




I remember paying 260 bucks for these just a few years ago. All I can say is my wife will never question my silver purchases again.
jagvocate
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Chie***gieton said:

All I can say is my wife will never question my silver purchases again.


Yukon Cornelius
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Just one? When will you be in SA?
 
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