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/biz/ - Business & Finance

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19417854 No.19417854 [Reply] [Original]

I just bought 10 of these and a 10oz bar around $22 per oz, is this a good entry point or should I have waited a bit longer? I have more to spend so I'm not entirely worried about missing the dips as they come along.

>> No.19417909

>>19417854

WTF, isn't silver in the $17's?

You literally paid a 30% premium bruddah.

What would ever make a person believe this is a good idea?

>> No.19417920

>>19417854
Go to /pmg/
>>19417909
All premiums are retardedly high rn.

>> No.19417945

>>19417920

Fucking why? What the fuck does the price mean anyway?

If you can't buy at $17 then how the fuck is it $17?

If it is $17 then someone must be offering it for $17... Right? Am I retarded?

>> No.19417985

>>19417854
Are you fucking retarded? Now you have to wait for silver to moon 30+% to breakeven. What a stupid investment imo

>> No.19418021

>>19417945
Spot price is determined by futures trading for metals. Premiums exist because you’re not buying raw bullion, you’re buying minted bars or coins. Premiums are extremely high right now cause mints are shut down due to corona and demand for physical minted metal is extremely high.

>>19417985
Who cares mate. Not everyone buys as a speculative investment. And it will “moon” eventually anyway.

>> No.19418039

>>19418021

This shit has literally crabbed downwards for almost 10 years

>> No.19418058
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19418058

>>19418039
I’m not even a schizo stacker but you’re not entirely correct.

>> No.19418084

This might not be a widely-shared opinion, but I would avoid meme generic rounds. They aren't in demand, aren't universally trusted especially the less well-known private mints, and often aren't even that much cheaper than the cheaper official coins.

If you're in it for volume, go for bars rather than coins from the absolute best-known mints. If you want 1oz or smaller, go for the cheaper coins, like Silver Philharmonics or Kruggerands.

>> No.19418107

>>19418084
V popular opinion in /pmg/

>>19405557

>> No.19418209

>>19418084

I bought a few sunshine mint rounds because I heard that they will be easy to turn around when the time comes... is this true in your opinion? Should I have only bought Mint coins?