Robinhood is nothing but a bad guy liquidity pool IMO. Avoid them like the plague. Though, noting what they ban might be a decent indication of what you want to own.
#silversqueeze
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Well it looks like the head of the US Mint has been shown the door. Will Eagle premiums come down now? Just checked my LCS and they had some but were like $5 premium still.
Report cited in the video:
Gibson retires from Mint Director's position
Ventris C. Gibson has elected to retire from government service and will leave her position as the director of the United States Mint with two years left in her appointed term.
www.coinworld.com
If they stop making one cent coins which is 60% of the mint's production capacity they should have more time for profit generating ventures. The one dollar bill is probably next to get eliminated.
Viking
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Seems legit.
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Comex silver bars are industrial size, 1k oz, 30 kg.
You don't have rooms in your house, you have vaults!
Viking
Yellow Jacket
Viking
Yellow Jacket
I still have some space left. Just let me know when to be there to accept delivery.
Helped my mom exchange some gold for silver here recently. Did not end up getting her a great deal but oh well, she was happy. Cleaned the LCS of Buffalos because someone else had already claimed a couple hundred. Ended up with a tube or two of some real random 1 oz rounds. They had a nice Kilo Germania mint bar I need to go back for...
Holy cow, just checked Apmex and they are selling Buffalos at $4 over spot? WTH did they just up premiums for this squeeze? Maybe I didn't get such a bad deal. Yeah SD has better pricing.
Holy cow, just checked Apmex and they are selling Buffalos at $4 over spot? WTH did they just up premiums for this squeeze? Maybe I didn't get such a bad deal. Yeah SD has better pricing.
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No, they up premiums following up demand. That's how bullion dealers work.
That's why this silversqueeze / "end JP Morgan" initiative is so naive. People end up paying more and buying less.
If you want to take silver bullion out of the market, buy allocated silver at spot.
How allocated is it if you are paying zero premium? That's kinda a red flag in my book.
Viking
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How much premium is needed so that you believe it's allocated?
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Right now you can buy allocated silver (1kg cast bar) in Dubai at US$34.80/oz
abx.com
Spot is 34.30
You think ABX it's a scam - with the auditors, Inspectorate General/Bureau Veritas, a 150 years old company and one of the most renown auditing company worldwide, being involved in it - because the premium is too low.
Well either you are right or you are needlessly paying stupid premiums to your bullion dealer Voodoo : )
Allocated Bullion Exchange | ABX
Allocated Bullion Exchange is the first electronic exchange for physical precious metals trading. Trade gold bullion with improved efficiency and pricing.
Spot is 34.30
You think ABX it's a scam - with the auditors, Inspectorate General/Bureau Veritas, a 150 years old company and one of the most renown auditing company worldwide, being involved in it - because the premium is too low.
Well either you are right or you are needlessly paying stupid premiums to your bullion dealer Voodoo : )
Right now you can buy allocated silver (1kg cast bar) in Dubai at US$34.80/oz
Allocated Bullion Exchange | ABX
Allocated Bullion Exchange is the first electronic exchange for physical precious metals trading. Trade gold bullion with improved efficiency and pricing.
Spot is 34.30
You think ABX it's a scam - with the auditors, Inspectorate General/Bureau Veritas, a 150 years old company and one of the most renown auditing company worldwide, being involved in it - because the premium is too low.
Well either you are right or you are needlessly paying stupid premiums to your bullion dealer Voodoo : )
Never heard of ABX as I don't live in whatever country so i don't know why you would take offense. Second, a 50 cent premium is Not at spot price so much less likely to be a problem. I could buy bullion here at about that premium or less (in small quantities) yesterday.
There has to be a way for them to pay for those legit auditors and storage fees.
USA announced a package of tariffs today. The announcement excluded bullion:
In the hours after this news broke, gold and silver futures have started to deflate and this is driving the EFP premium back down. Silver EFP premium was about $0.36 when I checked a moment ago - down from about $0.84 this morning.
*IF* the tariff/EFP premium was the economic impetus for the metal flow from London to NY, we should see a slowdown in metal outflow from the LBMA as the EFP premium approaches zero (or goes negative).
In the hours after this news broke, gold and silver futures have started to deflate and this is driving the EFP premium back down. Silver EFP premium was about $0.36 when I checked a moment ago - down from about $0.84 this morning.
*IF* the tariff/EFP premium was the economic impetus for the metal flow from London to NY, we should see a slowdown in metal outflow from the LBMA as the EFP premium approaches zero (or goes negative).
Cigarlover
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Same play over and over again, year after year. We all want to believe this time is different but it never is. Metals run up and just as everyone is getting super excited and claiming the bankers are going to be crushed with their short positions, the metals tank and bankers make a killing.
Short term pullbacks to around 2900 and 30. If we do enter a prolonged period of pullbacks then 2650 and 26. Metals have had a very nice run for sure. Gold will probably hold up much better than silver in a recession. still the safe haven play and in a recession silver will talk for lack of manufacturing demand.
Short term pullbacks to around 2900 and 30. If we do enter a prolonged period of pullbacks then 2650 and 26. Metals have had a very nice run for sure. Gold will probably hold up much better than silver in a recession. still the safe haven play and in a recession silver will talk for lack of manufacturing demand.
Yep, its bouncing around but I see 20 cents now. So this ought to settle whether or not it was this premium that really caused the PM's to flow into the US.