/biz/ - Business & Finance

>>18004281
No, none of this is usually the case. We're seeing mass liquidation of the paper silver market (plummeting the spot price) while simultaneously seeing a massive run on physical silver (i.e. coins and bullion).

The skyrocketing demand for physical has completely depleted almost everyone's stocks and so now they have put in place minimum orders plus massive premiums over spot to buy anything. $1-2 over spot is the norm, and now we're seeing everything at like $7-10 over spot, and that's if they have any inventory to begin with.

I don't want to tell you what you should do, but I will say that if you're worried about the future of the economy and the value of the dollar/Euro then even accounting for the extreme premium, the end price really isn't that far off from what silver has sold for over the past year.

If you're a newb, then yes stick with national bullion coins like Silver Eagles, Austrian Philharmonics, Krugerrands, etc. bought from a reputable source. Don't buy based on
>well they're cheaper than everyone else
and do something retarded like going on ebay or a local flea market.

So, while all these weirdos throw away their money on internet money, can we ask ourselves why the fuck China and Russia are hoarding gold? China is basically raping Africa for the umpteenth time with mining operations.

The dollar is about to shit itself and I don't think BTC is gonna save us. Should we just buy PM's and move to Panama?

>>11998919
Says it right on the coin fren.

bought one of these a week ago. Pretty cool to have around. I had too much cash in my safe so I figured id buy one