A real conversation about Silver

19,413 Views | 166 Replies | Last: 1 day ago by Buck Turgidson
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In reply to Outdoorag011 • 10:36a, 5/27/21
Esteban du Plantier
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In reply to [removed post] • 10:42a, 5/27/21
AG
Rendered Fat said:
Outdoorag011 said:
That $3300 you spent a few years back is worth $5700 at today's spot price. Pretty good return.


Damn! So should I hold on to them or liquidate them and buy a bunch of silver bars?


If I was holding 3ozt of gold, I'd convert to silver and then back to gold when silver hits 30:1.
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In reply to Esteban du Plantier • 10:53a, 5/27/21
agcrock2005
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In reply to [removed post] • 11:26a, 5/27/21
AG
Rendered Fat said:
Esteban du Plantier said:
Rendered Fat said:
Outdoorag011 said:
That $3300 you spent a few years back is worth $5700 at today's spot price. Pretty good return.


Damn! So should I hold on to them or liquidate them and buy a bunch of silver bars?


If I was holding 3ozt of gold, I'd convert to silver and then back to gold when silver hits 30:1.


Well, I went ahead and just bought five silver bars from the monument metal website OP linked for $5,036.30. Hope I don't get screwed!
You're really putting a lot of thought into this stuff huh?
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In reply to agcrock2005 • 11:26a, 5/27/21
Esteban du Plantier
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In reply to [removed post] • 11:29a, 5/27/21
AG
Rendered Fat said:
agcrock2005 said:
Rendered Fat said:
Esteban du Plantier said:
Rendered Fat said:
Outdoorag011 said:
That $3300 you spent a few years back is worth $5700 at today's spot price. Pretty good return.


Damn! So should I hold on to them or liquidate them and buy a bunch of silver bars?


If I was holding 3ozt of gold, I'd convert to silver and then back to gold when silver hits 30:1.


Well, I went ahead and just bought five silver bars from the monument metal website OP linked for $5,036.30. Hope I don't get screwed!
You're really putting a lot of thought into this stuff huh?


Lol, if TexAgs is wrong, then I don't wanna be right.


Might I recommend r/WallStreetSilver or r/WallStreetBets?
.
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bearamedic99
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3:11p, 5/27/21
AG
why are American silver eagles more costly than silver britannias?

aren't they both 1oz silver?
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Esteban du Plantier
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In reply to bearamedic99 • 3:24p, 5/27/21
AG
bearamedic99 said:
why are American silver eagles more costly than silver britannias?

aren't they both 1oz silver?


Desirability plus the Eagles are backed my the American government.

I don't buy them because of that high premium. For government backed cheaper stuff, Australian kangaroo and South Africa Kruggerands are a bit cheaper, currently about $4 over spot.
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Roll the Bones
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2:06p, 5/28/21
AG
I posted this on the cross-forum post on F16 about silver, but thought some of y'all would be interested. I know it's not strictly investment related, but I love silver. It's beautiful...

I made these from some Morgan silver dollars, cut by hand with a jeweler's saw (it's a hobby of mine).

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TxAG#2011
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2:14p, 5/28/21
US Mint Delays Silver Shipments Due To "Global Silver Shortage" https://t.co/EPF539l8L1
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Outdoorag011
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In reply to TxAG#2011 • 4:00p, 5/28/21
Yeah I saw that. And somehow that news coupled with Biden wanting a 6 TRILLION budget yesterday made silver go down .50..... it's laughable at this point.
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Esteban du Plantier
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In reply to Outdoorag011 • 5:42p, 5/28/21
AG
Outdoorag011 said:
Yeah I saw that. And somehow that news coupled with Biden wanting a 6 TRILLION budget yesterday made silver go down .50..... it's laughable at this point.


I believe the chair of the CFTC called that 'tamping down' the price. Not manipulation, just tamping.
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1:26a, 5/29/21
SidsBurnerAccount
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In reply to Esteban du Plantier • 8:08a, 5/29/21
Esteban du Plantier said:
bearamedic99 said:
why are American silver eagles more costly than silver britannias?

aren't they both 1oz silver?


Desirability plus the Eagles are backed my the American government.

I don't buy them because of that high premium. For government backed cheaper stuff, Australian kangaroo and South Africa Kruggerands are a bit cheaper, currently about $4 over spot.


Mexican Libertads have low premium too
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Esteban du Plantier
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In reply to SidsBurnerAccount • 9:32a, 5/29/21
AG
SidsBurnerAccount said:
Esteban du Plantier said:
bearamedic99 said:
why are American silver eagles more costly than silver britannias?

aren't they both 1oz silver?


Desirability plus the Eagles are backed my the American government.

I don't buy them because of that high premium. For government backed cheaper stuff, Australian kangaroo and South Africa Kruggerands are a bit cheaper, currently about $4 over spot.


Mexican Libertads have low premium too


Where are you getting libs at low premium? They're going for at least 20 over spot where I can even find them for sale. Instantly sold out at the big dealers.
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Outdoorag011
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In reply to Esteban du Plantier • 12:17p, 5/29/21
Libertads are great. But yeah they are super expensive right now if you can find them. I've never been a huge fan of the modern libertad. I like the older ones from the 80s. The Mexican mint produces some beautiful coins.

Pocket piece:



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In reply to Outdoorag011 • 12:39p, 5/29/21
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12:53p, 5/29/21
HECUBUS
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1:03p, 5/29/21
AG
We have been subscribed at the US Mint for the West Point Eagles since 2006. Got the first Morgans Monday and helped break the US Mint server. We only buy them for the kid's stocking stuffers. Also got the 100 year anniversary gold Eagles for graduation presents. If you add them all up, it's not much, but the percentage profit is not too shabby.

We have not had any of the coins graded.
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Outdoorag011
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10:56p, 12/25/25
$75. Hope people listened. The dam looks to be breaking.
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Queso1
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In reply to Outdoorag011 • 10:59a, 12/26/25
AG
Outdoorag011 said:
$75. Hope people listened. The dam looks to be breaking.


Even though we predicted this, I'm getting a little uneasy. Did I buy enough to survive what's going to happen?
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91Challenger
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11:00a, 12/26/25
AG
Do you think it is going to continue the meteoric rise? How high in the short term? Or is it a bubble?
"A is A”
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Queso1
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In reply to 91Challenger • 11:08a, 12/26/25
AG
I have no idea. I am about 75% convinced the silver manipulation will cause a financial crisis worse than 2008, but I'm not sure if this is a false panic.
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Outdoorag011
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In reply to 91Challenger • 11:13a, 12/26/25
That is a good question. Nobody knows. We are in uncharted territory. Heineken-Ashi has some good recent analysis on the other thread that we may be due for a pullback. However, we have never been in this predicament before with the Comex/LBMA vs Shanghai market.
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jagvocate
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1:45p, 12/26/25
AG
With stocks, I always said after leaning the hard way "If it's high enough to screenshot, it's high enough to sell a little." AKA "If you won't sell into a rising market, when is it that you *will* sell?"

But silver in late 2025 feels differently. I think some combination of credit shakeup / currency devaluation in key markets worldwide are driving a flight into precious metals, hard to say when a top is coming,

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BigD_03
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11:11a, 12/27/25
Man I've seen some experts making crazy predictions like $150-175 in January when pensions contracts renew etc. who knows... I wish I'd bought more this summer when it was ~ $40 spot
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Buck Turgidson
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In reply to JSKolache • 3:09p, 12/27/25
JSKolache said:
OK, so when is it going ot the moooon?

Seems like that is what is happening now. I bought silver not long ago for $28-$35/ounce and now its $79. The spot price graph looks like a vertical line.
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Buck Turgidson
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3:18p, 12/27/25
I liked the PAMP10 oz silver bars that they sold at Costco. Back when silver was in the $28-$35 range I'd go buy the maximum 10 bars each time they restocked (roughly weekly). I haven't seen any at the local Costco in months now.
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