>As of this morning, the United States Mint is out of Silver American Eagles, and the backlog is tremendous. To ramp up manufacturing production to meet demand will likely take weeks, if not months. If the US Mint is forced to suspend operations due to coronavirus, it remains unclear how drastic the impact will be to the supply chain. Making matters worse, it now appears that imported supply from Europe is going to be cut off. As it now stands, other products are being bid up to help fill that void.
Dont feel so bad, I just started stacking right before corona chan. Got some bars, and a roll of eagles and some perth mint stuff. Think im sitting at around 150 ounces
Camden Cook
>fiat value of silver/gold matters micro brain
>the ratio of silver/gold matters big brain
>i just buy it to flex on the banks as they bleed retard normies accounts with negative rates dangerously based
Hudson Powell
Is it based to stack it because its pretty to look at and would make for a cool inheritance to leave behind?
Gavin Baker
> tfw only accumulated 70 ounces & a half ounce of gold
is 9 eurodollars a reasonable price for a franklin half dollar?
Dylan Hill
Fuck, does this mean the bullion stores are running out too? I literally just started my fucking stack last month. Have 10 toz. I cashed out my investments on Friday when the stocks rebounded and am waiting on the payout so I can order 2k worth of silver. I don't know if it will be there by the time I order it now though.
Even though the price is plummeting, the premiums are gonna skyrocket. Goddamn it why am I always late to the fucking party?
Isaac Anderson
I really wonder this Monday if the paper silver price is going to shoot up because the producers need to buy from the COMEX and actually order delivery to make up for the loss in supply. It will at least light a fire under the people who are shorting it.
Yeah. I managed to back the truck with my LCS and brought out his stock of silver eagles.
I think the price is falling because everyone is liquidating paper silver.
There are infinite amounts of paper silver over physical. There’s a huge mismatch. Nobody wants to get stuck holding the bag where they can’t get any physical with it or potentially hyperinflated cash, it’s just starting to sink in
Jeremiah Taylor
Eughhh, damn that tarnish.
Here's my stack
30 toz Austrian Phillies 25 toz of Canadian Maple Leafs 25 toz of Krugerrands 50g gold
If top traders suddenly demand their paper silver to be delivered to them, will it moon the market? There is not enough silver for all the paper silver they are investing in. Holy fuck this is so promising, imagine 1 ounce of silver goes from $14 to $700 in a week because there is a sudden and brutal end to this fucking price manipulation. Elon Musk would go bald if his cars were suddenly made unaffordable, there are fucking kilograms of silver in every Tesla model.
Samuel Green
and i'll keep on stackin it all the way down because once its at the bottom it rockets back up faster than you can take advantage of the situation Gold is different, i might try to be more tactical about the buy/sell actions on Gold because magnitude of prices what i could potentially lose or give away on a few poorly timed Gold transactions would be huge difference in amount of Silver I could acquire with those funds
Liam Jones
Paper price doesn't matter. Premium for physical is going trough the roof as we speak.
Robert Lopez
>there are fucking kilograms of silver in every Tesla model.
Would literally close shop and cash out silver if I was Elon
Ryan Reed
>tarnish thats prob just low grade old silver thta was cheap to buy cull silver dollars have the same silver in them as BU dollars and will net you the same value when sold unless your talking about numismatics, which is not anything to do with stacking yeah tarnish cull is not shiny pretty, but any pile of silver stack is fucking beautiful
Jace Carter
>Stack thread? >them digits we need a Stacking general
Tyler Jackson
My last order just shipped today.
Nathaniel Wilson
So is it all going to run out or not? Will I be able to keep stacking again in a few months?
Jacob Brooks
>everyone buying on weekend >markets closed at a low >logistics don't work weekends unless you pay them overtime >ain't no one doing that >massive storage warehouses filled with products waiting for monday shipping Wow i sure am worried about silver/toilet paper Its not like there are literally hundreds of metric tons in a some big lock up somewhere I should just panic buy like a sheep now when the bottom is 3-4 months away
Blake Reyes
So this chart claims the Mint sold 2 million some Silver Eagles and completely decimated the stock that the Mint had.
>is it all going to run out or not? no >Will I be able to keep stacking again in a few months? yes prob sooner than that, within a few months i expect the prices could be rebounding by then
Bentley Cooper
Double checked the official figures from the US Mint website, it was right.
Every time I have ever gone to the US Mint website, they are sold out of ASE and all i can buy directly from them is those worthless stupid commemorative bullshits collections
Jonathan Morales
Kill yourself for trying to shut out the new silver friends.
Elijah Kelly
You can't beat the people who buy in bulk from the US Mint directly, so the premiums are lower. The US Mint website is not suggested for use in buying unless it is a commemorative/collector coin like the proof or reverse proof last year which I am still kicking myself for not actually buying.
Julian Green
>brainlets rushing TP >high IQ rushing SLV Good to see some amerimutts still have a functional brain.
This is not your average divination LINK general you stupid nigger, no one give a fuck about your nonsensical memelines.
>Weekend Stacker thread: Compulsive Edition >paying the premiums hurts I ordered some too, heh. idk what if its good or bad time but i don't think you can go wrong as long as we plan to hold our stacks long term
>countries, companies, and billionaires have tons and tons of metal >people with a few hundred oz think anyone will be buying from them
Daniel Anderson
One is ASE backed by us mint, one is just a bar of silver. Easy to sell the ASR. But still over paid.
Justin Rogers
American silvers are produced by the US mint and have a price premium because of it.
William Smith
i know. but what the hell, its still cheaper than i would have paid for the same number of ounces a few months back what can i say it was totally spontaneous. i mean i been trying to stack slowly here and there, but i haven't bought anything since last year so i was over due for a small purchase and this last couple days pushed me into it. ive got enough cushion i can absorb it for now. makes me fell a little better just knowing i've got a little bit of my money into something that's physically real
Josiah Nguyen
that's exactly why. billions are traded every year without any metal being moved. once there is a supply shock, the price disconnect will be a sight to behold.
Adrian Baker
and where do you even sell your physical silver that this makes difference?
Dylan Peterson
would be too bad if something were to, happen to it
You know I can find your address by tracking number.
Bentley Howard
My LCS as seen in is still in the 3-4 dollar range and apparently got them back in stock but I fully expect them to sell out soon or jacking it up soon when futures open.
Nolan Gutierrez
And find out your address your dumb nigger. Delete that post.
Jonathan Turner
>he doesn't know about the silver users association
a group exists to literally keep the price of silver as low as possible in order to keep their products as cheap as possible silverusersassociation.org/about-us-
question is, how long can they maintain the illusion?
also, anyone that orders silver via comex contracts signs a waiver saying they can be paid in cash if the metal is not available for delivery.
Jackson Miller
>premium show me where to buy ASEs at spot and ill go there
Nathan Scott
Holy Fuck user, say goodbye to your stack. Also if you ever get a package with a plastic bottle full of cum inside, it wasn't me this time.
Austin Morgan
> what is package intercept I can tell you don't do any business rehabbing shipping paying $14 to get your shit is cheaper plus now you doxed yourself.
Ayden Perez
Not gonna make it despite trips. TP is the new currency of choice now.
