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Re: Silver shot up...... [Re: James] #6939092
07/22/20 09:15 PM
07/22/20 09:15 PM
Joined: Mar 2010
Posts: 5,948
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 5,948
2A Sanctuaries-W. OK & N. NM
Originally Posted by James
Imagine how the value of our gun investments will shoot (lol) up if Biden wins!

Jim


I've thought about that quiet a bit. I know I would never sell them, but high capacity magazines will be the real money maker.

My advice--if you haven't been stocking up on them by now, you are late.

Re: Silver shot up...... [Re: Marty] #6939096
07/22/20 09:17 PM
07/22/20 09:17 PM
Joined: Dec 2008
Posts: 4,421
Yukon
Y
yukon254 Offline
trapper
yukon254  Offline
trapper
Y

Joined: Dec 2008
Posts: 4,421
Yukon
Talked to a guy one time from Bosnia. He said their system went down the tubes and overnight cash money wasn't worth anything. He said as time went on two of the most valuable things were coffee and Bic lighters.


do unto others as you would have them do unto you

www.grizzlycreeklodge.com
Re: Silver shot up...... [Re: Marty] #6939125
07/22/20 09:36 PM
07/22/20 09:36 PM
Joined: May 2010
Posts: 10,485
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,485
MN
Silver is just getting warmed up, gold is 3 percent from it's all time high. It will take some time but silver should make a run at it's high. It has nothing to do with industrial demand or jewelry and everything to do with central banks of the world taking the breaks of the printing press.

Gold is not currency, it's the only true form of money


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Silver shot up...... [Re: Marty] #6939152
07/22/20 09:48 PM
07/22/20 09:48 PM
Joined: Mar 2007
Posts: 35,175
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,175
McGrath, AK
The majority of the gain n Ag/AU is because of the the weakness of the dollar, which has declined 2% this month. Inflation isn't even a blip on the horizon.
The ratio of prices between AU & AG hit 124 in March.
Currently that ratio is 83

The 35 year average of that ratio is below 70. That tells ya one of two things will happen. Gold will drop or silver will rise.



Mean As Nails
Re: Silver shot up...... [Re: white17] #6939252
07/22/20 10:52 PM
07/22/20 10:52 PM
Joined: Jan 2007
Posts: 2,137
mo.
N
nate Offline
trapper
nate  Offline
trapper
N

Joined: Jan 2007
Posts: 2,137
mo.
How do you go about buying silver? Do you buy coins? Rings? What else?

Re: Silver shot up...... [Re: Marty] #6939257
07/22/20 10:55 PM
07/22/20 10:55 PM
Joined: Aug 2012
Posts: 3,991
South Dakota
R
Rat Masterson Offline
trapper
Rat Masterson  Offline
trapper
R

Joined: Aug 2012
Posts: 3,991
South Dakota
White, with the weakening of the dollar fur prices should go up. LOL

Re: Silver shot up...... [Re: nate] #6939260
07/22/20 11:00 PM
07/22/20 11:00 PM
Joined: Jul 2012
Posts: 2,619
Nebraska
WadeRyan Offline
trapper
WadeRyan  Offline
trapper

Joined: Jul 2012
Posts: 2,619
Nebraska
I'm a bullion guy myself. Buy it in either 1 oz. coins or bars. Sometimes I bought the bars in 5oz, 10 oz, or Kilo's. Just depends how much you want to invest. When I was buying it I used bullion direct which I believe has since when bankrupt. Apmex is the company my father continues to buy from.


Follow me on YouTube if you’re bored

https://www.youtube.com/channel/UC5Ulx1woYMmCN3IPLB0wwFw


Re: Silver shot up...... [Re: Rat Masterson] #6939262
07/22/20 11:01 PM
07/22/20 11:01 PM
Joined: Mar 2007
Posts: 35,175
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,175
McGrath, AK
Originally Posted by Rat Masterson
White, with the weakening of the dollar fur prices should go up. LOL



laugh Should I hold my breath ??


Mean As Nails
Re: Silver shot up...... [Re: Marty] #6939265
07/22/20 11:02 PM
07/22/20 11:02 PM
Joined: Dec 2008
Posts: 8,215
Manitoba
N
Northof50 Offline
trapper
Northof50  Offline
trapper
N

Joined: Dec 2008
Posts: 8,215
Manitoba
Copper and silver for the computer manufacturing is in demand since the shops have started back up and running.
Very little gold is used in the interphase circuits.

Re: Silver shot up...... [Re: Marty] #6939270
07/22/20 11:12 PM
07/22/20 11:12 PM
Joined: Jan 2007
Posts: 2,137
mo.
N
nate Offline
trapper
nate  Offline
trapper
N

Joined: Jan 2007
Posts: 2,137
mo.
Thanks Wade Ryan

Re: Silver shot up...... [Re: Marty] #6939275
07/22/20 11:17 PM
07/22/20 11:17 PM
Joined: Mar 2007
Posts: 35,175
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,175
McGrath, AK
It may or may not impact you much depending on your tax bracket but precious metals capital gains are not treated like other capital gains. The long term rate is 31.8 max.,..8% higher than other cap/gains. Short term gains are taxed over 40%. Just another of the many disadvantages to buying/trading precious metals.


Mean As Nails
Re: Silver shot up...... [Re: Marty] #6939280
07/22/20 11:23 PM
07/22/20 11:23 PM
Joined: Dec 2015
Posts: 6,341
se South Dakota
NonPCfed Offline
trapper
NonPCfed  Offline
trapper

Joined: Dec 2015
Posts: 6,341
se South Dakota
Yeah, the percent Apmex is charging over spot has certainly gone up. In past few years, I've bought U.S. silver eagles of the calendar year for about $7-8 over spot. Just checked, 2020 Eagles are running over $35 a piece on Apmex and spot now is $22. In January or so, I bought a roll of ave circulated Merc dimes from Ampex for I think $76. Now they're $97 but that's still lower than what they were at the end of March. I'm sure the Apmex, and all the precious metals reseller people are smiling...


"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground".
Genesis 1:26
Re: Silver shot up...... [Re: Steven 49er] #6939375
07/23/20 05:46 AM
07/23/20 05:46 AM
Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,867
Greene County,Virginia
Originally Posted by Steven 49er
Silver is just getting warmed up, gold is 3 percent from it's all time high. It will take some time but silver should make a run at it's high. It has nothing to do with industrial demand or jewelry and everything to do with central banks of the world taking the breaks of the printing press.

Gold is not currency, it's the only true form of money

Interesting.


wanna be goat farmer.
Re: Silver shot up...... [Re: white17] #6939394
07/23/20 06:51 AM
07/23/20 06:51 AM
Joined: Mar 2010
Posts: 5,948
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 5,948
2A Sanctuaries-W. OK & N. NM
Originally Posted by white17
The majority of the gain n Ag/AU is because of the the weakness of the dollar, which has declined 2% this month. Inflation isn't even a blip on the horizon.
The ratio of prices between AU & AG hit 124 in March.
Currently that ratio is 83

The 35 year average of that ratio is below 70. That tells ya one of two things will happen. Gold will drop or silver will rise.



I think you're right. It seems like silver has some more room to run in the near future.

Re: Silver shot up...... [Re: Marty] #6939593
07/23/20 10:21 AM
07/23/20 10:21 AM
Joined: May 2012
Posts: 5,898
michigan,USA
S
seniortrap Offline
trapper
seniortrap  Offline
trapper
S

Joined: May 2012
Posts: 5,898
michigan,USA
Quote
If cash becomes worthless silver/gold may be a good thing to have for currency


Tell me how do you purchase bread and butter and beer if the paper money goes away?


Vietnam--1967 46th. Const./Combat Engineers

"Chaotic action is preferable to orderly inaction."
"After the first shot, all plans go out the window!"
Re: Silver shot up...... [Re: seniortrap] #6939640
07/23/20 10:56 AM
07/23/20 10:56 AM
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
Originally Posted by seniortrap
Quote
If cash becomes worthless silver/gold may be a good thing to have for currency


Tell me how do you purchase bread and butter and beer if the paper money goes away?


Plastic debit card/credit card.


Life ain't supposed to be easy.
Re: Silver shot up...... [Re: Marty] #6939667
07/23/20 11:24 AM
07/23/20 11:24 AM
Joined: Jun 2012
Posts: 677
kansas
L
larrywaugh Offline
trapper
larrywaugh  Offline
trapper
L

Joined: Jun 2012
Posts: 677
kansas
Is the price of scrap steel rising also?


Won't take no prisoners,won't spare no lives.
Re: Silver shot up...... [Re: seniortrap] #6939669
07/23/20 11:25 AM
07/23/20 11:25 AM
Joined: Jan 2014
Posts: 21,074
North East Kansas
Marty Offline OP
trapper
Marty  Offline OP
trapper

Joined: Jan 2014
Posts: 21,074
North East Kansas
Originally Posted by seniortrap
Quote
If cash becomes worthless silver/gold may be a good thing to have for currency


Tell me how do you purchase bread and butter and beer if the paper money goes away?



A couple of 90% silver dimes....it would be homemade bread/butter.


E
'Honey Badger Militia'
Sleep, the anti woke adote.
Re: Silver shot up...... [Re: larrywaugh] #6939672
07/23/20 11:34 AM
07/23/20 11:34 AM
Joined: Dec 2006
Posts: 17,652
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,652
Rodney,Ohio
Originally Posted by larrywaugh
Is the price of scrap steel rising also?

Not sure about those but cryptos are up again

Re: Silver shot up...... [Re: Marty] #6939680
07/23/20 11:41 AM
07/23/20 11:41 AM
Joined: Feb 2008
Posts: 1,409
WI
B
BvrRetriever Offline
trapper
BvrRetriever  Offline
trapper
B

Joined: Feb 2008
Posts: 1,409
WI
The problem with buying precious metals is the sales tax. You automatically lose that right from the start.

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