Pocket silver!

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[–]rubberbiscuit 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

That's cool I need to get me something like that.

[–][deleted] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I was thinking of picking up more until I looked at the premiums. Spot price is $25 but it's going at $10 premiums even for silver shot! I remember why I stopped collecting silver now and back then I thought $3 premiums (with free shipping!) was atrocious.

I guess it's not an issue in times like these where everyone wants silver, I'm sure I could find a buyer for all my silver in a day, but I couldn't go to a pawn shop or coin store and not get fucked. That's too high a premium to eat or simply outwait, and that was an issue at $3.

If silver drops back to $17 though, and you paid $35... You're getting super hosed cause that downward price movement won't support high premiums. And there's plenty of silver production normally. This is likely a temporary thing. Unless there's WW3.

cc: u/beingPoisoned