Domain: tiger-web1.srvr.media3.us Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey | Page 33 | Money Talk
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re: Silver Bugs thread: Silver up 12% for the week on Black Friday started the journey

Posted on 1/23/26 at 8:45 am to
Posted by mule74
Watersound Beach
Member since Nov 2004
12665 posts
Posted on 1/23/26 at 8:45 am to
Jim Kramer just said “hold your gold. Don’t sell!” on CNBC.

I’m sorry, boys. It’s over.
Posted by Pimphand
Member since Sep 2021
4661 posts
Posted on 1/23/26 at 8:47 am to
quote:

Jim Kramer just said “hold your gold. Don’t sell!” on CNBC.

I’m sorry, boys. It’s over.


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Fortunately I don't think even that stooge can stop the freight train
Posted by Old Character
Member since Jan 2018
1547 posts
Posted on 1/23/26 at 9:56 am to
So……where to sell physical silver between BR and S’port?
Posted by Pimphand
Member since Sep 2021
4661 posts
Posted on 1/23/26 at 10:08 am to
quote:

So……where to sell physical silver between BR and S’port?


I am not sure I am the right person to ask the question to since I've never lived in Louisiana but I would pull up Google maps and find the coin shops and build up a list of highly rated ones and the distance from you and call around find out who is offering the best price.

The core problem is the paper market is broken and is in backwardation so the refiners cannot hedge because they cannot hedge they are offering well back of spot to manage the volatility on their own that transfers to the wholesalers and down to the retailers. You may not care that they are offering you $8-$10 back of spot because you bought at $20.

Personally I would wait until the panic to own sets in and there are lines around the block at the coin shops then I would go down there and sell to the people standing in line.
Posted by OccamsStubble
Member since Aug 2019
9546 posts
Posted on 1/23/26 at 10:33 am to
quote:

Fortunately I don't think even that stooge can stop the freight train


Wall street is out of arrows, an empty quiver. I thought (back in 2015) that we'd get here when I realized that eventually 1.5B Indians and 1.5B Chinese who demand their pay in gold and/or silver would drown out any and all Wall Street manipulation.
Posted by Pimphand
Member since Sep 2021
4661 posts
Posted on 1/23/26 at 10:39 am to
quote:

Wall street is out of arrows, an empty quiver. I thought (back in 2015) that we'd get here when I realized that eventually 1.5B Indians and 1.5B Chinese who demand their pay in gold and/or silver would drown out any and all Wall Street manipulation.


Well you can thank Joe Biden for weaponizing treasuries against Russia back in 2022 because that was the moment they put the assassins bullet in the heads of all future purchasers in the Federal Reserve US debt ponzi scheme. We are now just watching the dead snake lash out and flail around after being tossed in the ant bed.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21080 posts
Posted on 1/23/26 at 10:45 am to
Posted by PeteRose
Hall of Fame
Member since Aug 2014
18034 posts
Posted on 1/23/26 at 10:58 am to
quote:

So……where to sell physical silver between BR and S’port?


I sold my gold eagle a few years ago on the coin shop on citiplace. I asked the guy what’s their buying price on junk silver and he said spot. That was a few years ago so not sure if it’s still the same deal.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
21080 posts
Posted on 1/23/26 at 11:05 am to
Same day, sure makes the gold / silver ratio easy to calculate

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Posted by mule74
Watersound Beach
Member since Nov 2004
12665 posts
Posted on 1/23/26 at 11:16 am to
quote:

Well you can thank Joe Biden for weaponizing treasuries against Russia back in 2022 because that was the moment they put the assassins bullet in the heads of all future purchasers in the Federal Reserve US debt ponzi scheme. We are now just watching the dead snake lash out and flail around after being tossed in the ant bed.


It was happening long before that. You should read a book called Treasury’s War, which was published in the early 2010s. The US replaced bullets with dollars as its weapon of war around the turn of the century.
Posted by PT24-7
Member since Jul 2013
4579 posts
Posted on 1/23/26 at 11:29 am to
So should I buy more silver today?

Bout at $89 last week and $95 on Tuesday this week
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50330 posts
Posted on 1/23/26 at 11:50 am to
Bout to hit $102. We were at $72 a month ago.

Posted by Paddyshack
Land of the Free
Member since Sep 2015
11009 posts
Posted on 1/23/26 at 11:57 am to
quote:

Bout to hit $102. We were at $72 a month ago.

Posted by JoeBobRuby
Member since Sep 2005
5945 posts
Posted on 1/23/26 at 12:28 pm to
I just sold all my SLV so it should go up another 4% before closing :)
Posted by Pimphand
Member since Sep 2021
4661 posts
Posted on 1/23/26 at 12:32 pm to
quote:

It was happening long before that. You should read a book called Treasury’s War, which was published in the early 2010s. The US replaced bullets with dollars as its weapon of war around the turn of the century.


Same w/ confessions of an economic hitman. We have long been predatory pieces of shite stealing from 3rd world countries with resources this was the first time we weaponized the dollar on such a grand scale vs a major global player which caused every member of BRICS to have pause and stop buying us treasuries. There is a difference in the scale and impact.
Posted by Hangit
The Green Swamp
Member since Aug 2014
46149 posts
Posted on 1/23/26 at 12:48 pm to
Yuge day. Enjoying this, bigly.
This post was edited on 1/23/26 at 1:09 pm
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4776 posts
Posted on 1/23/26 at 1:18 pm to
quote:

You may not care that they are offering you $8-$10 back of spot because you bought at $20.


This right here seems to be the obvious answer to the previous question whether we’re still buying.

Nobody knows when this train stops. But, most are would agree that when it does it will be followed by either a large drop, a decade of stagnation, or both.

Until that time you can expect huge premiums over spot for buys and large discounts under to sell. I don’t see the appeal to that environment.

Only people still buying physical are either coin collectors and preppers.
Posted by TigerDoug
Lees Summit
Member since Mar 2017
830 posts
Posted on 1/23/26 at 1:46 pm to
quote:

Until that time you can expect huge premiums over spot for buys and large discounts under to sell. I don’t see the appeal to that environment


That really depends on what you're buying. Certain ASEs such as 1986 and 1996 years carry a premium and I have been able to sell those no problem. Gold has not been a problem at all just takes some time if you are selling online such as JM Bullion which I have done several sales with.
Posted by Hangit
The Green Swamp
Member since Aug 2014
46149 posts
Posted on 1/23/26 at 1:47 pm to
My guy that has a shop in Lakeland that I buy from had a degen break into his shop and rob him. He usually puts everything away at night, but had to leave in a hurry so he left things out. The robber also hit a jewelry place in Tallahassee. The pic of the Florida sweatshirt is from there. If anybody recognizes this POS, let me know.

FB video of the robber.



Posted by KCSilverTiger
KCMO
Member since Sep 2022
1039 posts
Posted on 1/23/26 at 2:16 pm to
quote:

Until that time you can expect huge premiums over spot for buys and large discounts under to sell


The coin shop I went to yesterday was paying 5 back for generic, and spot for eagles.

I picked up a 2018 Australia 1 oz Dragon & Tiger for $101.
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