WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2025 Poal.co

281

New fag here. Tell me where to go, what to buy...the msm is now reporting on the silver short squeeze coming.

New fag here. Tell me where to go, what to buy...the msm is now reporting on the silver short squeeze coming.

(post is archived)

[–] 2 pts

There are several ways to get in on silver.

Some are far riskier than others.

This is actually a broad topic, and what applies to silver usually applies to metals investing generally.

If you buy and sell physical bullion and numismatic, coins and bars, from a dealer, for cash, directly, you can often avoid taxation on your gains.

If you buy stocks of silver mining companies you can at certain times enjoy much greater returns, but the capital and dividend gains are taxable income, like with any other paper investment financial instrument.

You can go the geology route, actually invest in the equipment needed, then go out into the wilderness, find, and then mine it yourself:)

People still do that too.

You can recycle silver from various consumer and industrial products, melt it down, and then pour your own bars. There are Youtube videos that show you how to do that too. Recycled silver is actually almost a third of the annual global production.

There must be at least 100 other options available.

You can easily spend the next ten years learning all about it, and there will be plenty left over to learn after that.

Do a search in your local area for a silver dealer, and go see if he will sell you some today, although most reports we are getting right now is they are refusing to sell, which happens when they also think the price is about to rise. We've seen that before. Best to call ahead to confirm they have it in inventory and at what price to save an unnecessary trip .

Consider your resale options. People like to buy the silver they recognize more so than just bulk silver. Bullion coins and bars from the government owned mints are usually the most legitimate. Stuff like the Canadian 1 oz maple leaf .9999 pure bullion coins, or the American eagle bullion coins, are regularly traded on Ebay, etc. There are also several private brands that are popular.

Numismatic coins are kind of like stamps. They have value beyond their silver content based on their condition, rarity, desirability, etc, and usually sell for a higher price than their silver content, though the market for them is smaller, and centers on collectors. Sometimes you can get them as part of a coin collection, estate sales, etc. Some are very valuable indeed.

[–] 1 pt

Thanks friend. Good info.

[–] 1 pt

Check this out:

https://www.kitco.com/fix/

[–] 1 pt

Thanks mate. I feel silver fever.

[–] 1 pt

https://www.bgasc.com/

Best prices, buys above spot, good people to work with.

You’re welcome homo...

[–] 1 pt

Jewgle a local jewelry and pawn shop. Ask if they have silver bars or coins. Many do.

Know what is better and more profitable then silver though? A bible.

[–] 0 pt

Also negotiate.

Get a price before you commit to buy.

Look up the closest other pawn shop.

Say they gave a better price.

Maybe put on a yulmuke.

[–] 1 pt (edited )

2$ above spot is about right. (normally) Anyone asking more is being shady.

[–] 0 pt

Premiums right now are going to be minimum 5 an ounce. They'll be happy to sell in this market but they're going to smack you with that shady premium.

[–] 0 pt

Under normal circumstances yes. If they have not been in a cave then Today they might simply not sell any solver since the price may go much higher before days end and they cannot place orders to replace it. All physical stock I’m finding is gone at the major vendors.

If it were me, even at $5 over spot today I would probably buy it. Last week I would agree with Pickled.

[–] -1 pt

Fucking faggot.

[–] 0 pt

No one asked you to describe yourself in 2 words mate. Hold your peace.

[–] -1 pt

WWJD?

[–] 0 pt

Put on a blue shirt, mask and hat, give him some oats, approach slowly from rear...

[–] 0 pt

Ebay seems to have plenty, but the price is around $37-$45 per ounce. The spot price is based on electronic trading and is not backed by physical silver. If you happen to get into the electronic trading and demand physical silver, they will deny you the physical silver and give you cash instead. Therefore the spot price is not real.

[–] 0 pt

Yeah, if the media is reporting then it must be true right, sure it has nothing to do than to con GME holders into selling to jump on the next bandwagon?

[–] 0 pt

The time to get into silver is when nothing is happening with it. If you want to get into physical right now you're going to get murdered on premiums.

I have 100oz in various forms. (1oz coins, 10oz bars) and I always bought when the market wasn't up to much. If you can find good deals then by all means go for it but right now there's going to be a huge premium added to the spot price of bullion. In order to make money you need the price to go up significantly to cover the premium. So for example if spot is 30 per ounce but bullion is selling for 36 then the price needs to hit 37 before you can make 1 dollar on an ounce. Typically premiums are a few bucks an ounce on silver but right now they can be 5-10 simply because the dealer's can afford to Jack it up due to the demand. If you think it's going to go to $50 then paying $36 now isn't bad so you'll have to be the judge of that risk.

Load more (4 replies)