Silver Crushes $38 and People are BUYING? Bullion Dealer Said THIS!

28 Comments

1. Also keep in mind that these are long long long term investments

2. I think it has to do more with how expensive gold has gotten. Silver is just more attainable

3. Silver should be more valuable than gold

4. Paying premiums and selling back of spot is not the way to make money, but the dealers are making a profit. Silver is volatile and hasn't even kept up with inflation. If people are so afraid the fiat will crash, better start prepping and learn to live off grid. Time to sell and reinvest… or spend it before you die.

5. Don't be afraid to buy now.

6. What sucks, is that inflation is keeping right up with it!!! Hard to win these days. 🙄

7. Wow your video on selling a year ago was $1.00 to .25 an ounce under spot for generic silver rounds and bars. Apparently things have changed. Spot right now is $38. I just called 4-5 area shops and they are $2 to $5 under spot. The $2 under ($36 bid) was the biggest most well known and were straightforward. Other shops talked like they couldn’t give silver away and they were doing me a favor buying. One shop ($5 under spot) said if the rounds and bars were not in pristine condition or had giddy messages like happy ba’mitzvah or merry Christmas I shouldn’t bother him. Rather disappointing. I found a smelter site and they were paying 25 cents over spot. So the dealer $2 under could get $2.25 (minus shipping and handlingwhich is 6%. Reasonable. I see generic rounds going for $2 over spot or $40. So $4.25 for $36 or 12%. Again I think a reasonable profit so I think this is the dealer for me. I don’t mind just being quoted a price but spare me the “do you know how hard this will be for me to sell??” It sounded like the $5 under spot had no smelters he worked with hence don’t bring me any bars with merry Christmas or other messages. It takes all kinds.

8. I drained my checking buying right before Covid hit hard and we had a flash crash down to like $12

9. Could you do an update on selling?? I have rounds, bars that I bought in the late 80’s ($6 an ounce). My neighbor got robbed several years ago. I have a safety deposit box but there was a local story about a guy whose box was evicted by mistake and over $20k was stolen by the “storage service” (that holds before it goes to the State as unclaimed property.) I also own SLV and GLD its so easy to just point and click. Selling online is a no go after I read these reviews “my shipped silver was lost”. It seems it was easy to buy and it’s going to be a pain to sell.

10. I ain’t happy about it because I am not done stacking…but I am committed to buying all the way up to and including Silvers ATH $52.50

    After that I am priced out.

11. Who cares when they buy as long as they buy and hold long term 💯🤷🏾‍♂️💯

12. People are buying now after the 25% increase over the past year, because the number of youtube videos and social media posts about silver have gone up 35,000%. The masses are followers.

13. Don't sell period!

14. some people arnt that old,,,

15. Yes I started roughly 4 months ago and have about 40oz silver and few grams of gold thanks for the help

16. Are we not seeing the true colors of our fiat currency, why are we so excited that silver is trending upwards when our real fiat currency is trending downwards. It doesn’t make any sense, but for sure silver and gold is real money sovereign or generic, jewelry broken or not it really doesn’t matter something is better than nothing.
    I’m starting to wonder if our country will survive.

17. Been buying 1kg every month beginning this year! I can no longer trust USD.

18. I loved buying it in the teens. I don’t like buying it now. I’ve actually bought more gold this year

19. I bought 140 ounces at 36 dollars an ounce I'm just gonna sit on it and let it grow in value. It's a good insurance policy.

20. Yesterday I purchased a large sterling bowl for $250 on Craigslist. It weighs 533 grams. I technically bought it for the silver value. It's still a nice piece to preserve.

21. When do the gold and silver markets change? Weekdays, 9 to 5? Or 24/7/365?

22. 20 year from now people could be saying man i wish i buy more silver when it was 38! hindsight is all ways 20/20 when looking back, it is looking forward that is hard!

23. Keep on stackin'!

24. I went to my favorite coin shop Friday at Noon. When I got there I was the 6th person to sell and they had no buyers yet. They were also out of cash. Not sure who it buying but it wasn't in my area.

25. Um no, silver looks terrible right now. "Buy low and sell high". Do not buy high hoping it will go higher. And silver is very high. Find something low to put your money into for right now. Silver is going to go back down ( in all likelihood ). Don't be a fool just because of FOMO and excitement.

26. I started stacking spring of last year whish i would have stacked more. But i stacked what i could afford.

27. You forgot about BRICS! Factor that in! All the rich people in the U.S. can't match BRICS!

28. Silver is REAL money! Why trade silver for paper money?

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