/Silver/ bugs, should I continue to stack weekly or wait until premium prices lower...

/Silver/ bugs, should I continue to stack weekly or wait until premium prices lower? It's kinda gay that spot price is at $15 but we're paying $25 per ounce.

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premium prices won't lower
dealers are maintaining a floor on prices

Literally all the silver in UK seems to be sold out, the only stuff I can find on ebay is like £25-30 an ounce.
I wouldn't complain about $25. Spot prices are for paper silver, i.e. shit that doesn't even exist.

I'm still stacking silver, at least 1 ASE every week. I started stacking gold foils but I'm worried I'm buying a meme PM product.

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yeah are goldbacks a meme? They seem cool and have a good aesthetic, but what are the chances of anyone actually taking them?

There cool to look at but the premiums are laughable. I wouldnt get too many

I wouldn't feel too confident buying meme pm's.

I've only been stacking ASE since August (Currently at 150oz)

Should I get into generic rounds?

Why are you stacking ASE when 10 oz bars are much lower per ounce?

Spot price is irrelevant, if the price for physical is $25 then that's what you pay. Sucks, but that's how it is

I always went with the assumption that ASE's are easier to liquidate and verify. I'd prefer to pay a bit more for that security.

But I think I'm going to start getting into alternatives like bars and rounds.

Just get the physical metal ones. Those are a massive meme.

How is silver ever going to get above $20 an ounce? It’s literally everywhere, like it’s a by product of zinc and lead mining. These miners literally will sell it for whatever. Other silver miners can produce for $5 an ounce, and with oil being cheap maybe it can go even lower.

dealers will pay spot price

there's less above ground silver than there is above ground gold.

>I always went with the assumption that ASE's are easier to liquidate and verify. I'd prefer to pay a bit more for that security.
I can't say for certain but I've always had the assumption that bars are easier to verify.

With ASEs, you have to inspect every single one and also judge them based on condition, year, etc. on top of if they're counterfeit or not. Imagine a dude brings in 100 of those.

However, if I sell 100oz of silver bars in 10oz increments, they only have to verify if it is 10 oz of pure silver 10 times and that's it.

Wait until May when everything opens back up

Yes but silver is very easy to mine (being a byproduct it’s an afterthought) whereas the cost to mine gold is north of $1k maybe even close to its spot price.

Also with an economic slow down industrial demand will drop.

>spot price is at $15 but we're paying $25 per ounce
You can easily find places that sell for 3-5 over spot/oz.

>However, if I sell 100oz of silver bars in 10oz increments, they only have to verify if it is 10 oz of pure silver 10 times and that's it.

Damn, that's true. But I know counterfeit eagles are easier to spot. I guess it doesn't hurt to diversify and get into bars. Thanks, King.

>t.doesnt buy silver

If you're buying 10 ounce or more bars yeah you can easily find it for only 3 - 5 over spot. Gov minted rounds nah.

no problem. I might still be wrong though, but the way I see it, if someone wants to invest in precious metal, they need to stay as objective in their liquidation value as possible. Weight and cost/oz are all that you should keep on your spread sheet, and that is what makes bars > coins/rounds.

The moment someone gives you less or more based on if they like the design of your silver or because it has scratches on it (essentially something that is entirely subjective, not objective), you're leaving investing and entering speculating.

If I may ask, do you have any ASE?

No, I've only bought 10 oz bars and keep them wrapped in the original plastic they came in.

The way I see it
>10 oz is large enough to get within $1 of spot price (except now of course with this fuckery)
>10 oz bars let you also spread out your purchasing so you can lower your average cost/ounce down when you see buying opportunities
>they also let get more freedom in how much you want to sell from your inventory when you want to sell
For instance, imagine I have fifty 10oz bars and only want to sell 30 oz worth. In comparison, if I go all in on WUMBO sized bars, I don't have the freedom to sell small increments and if I want to alter my average cost it gets much harder.

Depends entirely what your financial situation is and why you're buying.
If you're just trying to preserve wealth, buy a little bit every month and ignore the price entirely.
If you're trying to speculate for gains, probably wait a month and see if there's a dip.

I have $1200

Tell me what to buy. I have 160 oz ASE's and 25 oz of Scottsdale bars. 1 bat meme coin.

>but we're paying $25 per ounce
maybe you are, I'm not

good luck trying to buy over 10K in silver

Just buy whatever you can afford on a monthly basis at the cheapest price you can, that's called dollar cost averaging.

Do that over 10 years and you will be way, way ahead of the game and you won't give a single fuck about if you paid 4 dollar premium one month or 2 dollars another month.

bump

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