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the_shootist

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Looks like a little rally of spot prices is taking place....did somebody die? :rotf:
 

the_shootist

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Here it is:

The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in a double-barreled effort to reduce inflation that is running at a four-decade high.

The moves, announced after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range between 0.75% and 1%.

Together, the steps mark the most aggressive Fed tightening of monetary policy at one meeting in decades, aimed at rapidly reducing the economic stimulus that has contributed to rising price pressures. The Fed, which usually lifts interest rates in quarter-percentage-point increments, last raised rates by a half point in 2000.

U.S. stocks wobbled and Treasury yields held steady after the Fed released its policy statement.
 

Dude

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That's just silly. Who is going to believe that?


1651695207080.png
 

SongSungAU

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???


kitco220504.jpg
 

Pyramid

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There was announcement of lots of short covering on silver as I type. Could be an intermediate bottom?
The den of vipers, banksters, and thieves called the "federal reserve," which is neither federal nor has any legal reserves according to the US Constitution caused the market moving with the interest rate hike. Stocks up 3% and happy days are here again! The federal reserve is here to save us from rampant inflation! Someone tell those clowns they are ~15 months too late when creepy, sleepy joe was "elected" and prices on everything went up 10-50% immediately when some version of communism was reinstated by the low IQ voters/ballot stuffers that stole the election and call themselves "progressives," "liberals," leftists, etc.. Just call yourself what you are...communists and be done with it a-holes.
 

southfork

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Here it is:

The Federal Reserve approved a rare half-percentage-point interest rate increase and announced plans to shrink its $9 trillion asset portfolio starting next month in a double-barreled effort to reduce inflation that is running at a four-decade high.

The moves, announced after a two-day policy meeting Wednesday, will raise the central bank’s benchmark federal-funds rate to a target range between 0.75% and 1%.

Together, the steps mark the most aggressive Fed tightening of monetary policy at one meeting in decades, aimed at rapidly reducing the economic stimulus that has contributed to rising price pressures. The Fed, which usually lifts interest rates in quarter-percentage-point increments, last raised rates by a half point in 2000.

U.S. stocks wobbled and Treasury yields held steady after the Fed released its policy statement.
The horse is already out of the bar
 

the_shootist

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Ive never seen a 5 kilo bar in my 71 years of life, is this something new?
not much portability in a large hunk of silver like this IMHO. I personally have no desire to buy large 'door stop' sized bars but some people like them
 
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nickndfl

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One day it will be worth more than my TV Guide collection.
 

nickndfl

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Minimum 25% premium on silver soverign coins. Ridiculous.
 

Barrettone

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nickndfl

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I'm glad I saved ASEs and Phils. I got some old dates back to 1998. I wish I bought a box of silver Libertads. Those coins/medals had the largest premium increase of any.
 

nickndfl

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I ordered some platinum at a good price from Apmex. I mailed the paper check USPS within 24 hours and they chased me for payment a week later. I have made other purchases from them and never an issue.

Something is up with them or the USPS or both?
 

SongSungAU

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I ordered some platinum at a good price from Apmex. I mailed the paper check USPS within 24 hours and they chased me for payment a week later. I have made other purchases from them and never an issue.

Something is up with them or the USPS or both?
It won't help this time but next time try using their eCheck option. No paper check to get lost in the mail. APMEX still does a 4-day hold to ensure the funds transfer but at least it eliminates the mail part of the transaction.

I've used that option at Provident Metals and really like it.
 

nickndfl

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ECheck is complicated at my CU. I like the old fashoined paper check. Eadier record keeping and I like to hold the check in my hand.
 

southfork

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10 oz. silver $254. Kilos are $808.

Cheap prices for todays markets thats for sure, normal preiums keep going higher, most 4/6 now, bold still lower on the kilo though, got my 3 yesterday, pretty quick ach transfer and shipping
 

southfork

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not much portability in a large hunk of silver like this IMHO. I personally have no desire to buy large 'door stop' sized bars but some people like them
Ive always avoided 100s for that reason except when they tanked it years back dealers were selling at spot and a tad less at the fun show in orlando, made a few trips to the car to unload that day . Sold them all off when silver went back above 17 bucks.
 

southfork

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I ordered some platinum at a good price from Apmex. I mailed the paper check USPS within 24 hours and they chased me for payment a week later. I have made other purchases from them and never an issue.

Something is up with them or the USPS or both?
Mails been ultra slow, wouldnt blame them too quickly. Lots of sites even recommend not using usps because of that reason.
 

nickndfl

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Canadian 80% silver @ $17.41. A good deal eh?

 

southfork

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Canadian 80% silver @ $17.41. A good deal eh?

candime.jpg
1920-1967 Dime$0.10$1.3421
candime.jpg
1967-1968 Dime (50% silver) ***$0.10$.8388
canquarter.jpg
1920-1967 Quarter$0.25$3.3554
canquarter.jpg
1967-1968 Quarter (50% silver) ***$0.25$2.0971
canhalfdollar.jpg
1920-1967 Half Dollar$0.50$6.7109
candollar.jpg
1935-1967 Dollar$1.00$13.4219

Id avoid the canadian, coin shops really beat you up on it , and you can see the actual silver value above.
 

gringott

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Mails been ultra slow, wouldnt blame them too quickly. Lots of sites even recommend not using usps because of that reason.
I ordered some plat from Provident, it was delivered by USPS this morning. Ordered 29 April by echeck, got today. Shipped morning of 4 May, so not ultra slow nor even slow.
 

coopersmith

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I had a priority mail package get to hilo hawaii from lamar colorado in 3 days. thats all i got. Sure surprised me..........
 

PhucilliJerry

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I had a priority mail package get to hilo hawaii from lamar colorado in 3 days. thats all i got. Sure surprised me..........

Two separate orders for 12v batteries for my kids’ ride ons came 3 and 4 days early, I was shocked!
Of course in ‘21 and ‘20 they lost our tax returns.
 

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I ordered some platinum at a good price from Apmex. I mailed the paper check USPS within 24 hours and they chased me for payment a week later. I have made other purchases from them and never an issue.

Something is up with them or the USPS or both?
The USPS recently changed their "delivery standards" to give them more time to deliver some types of mail. It's so they can use trucks more often instead of sending so much via plane. The change was supposed to be mostly for packages, but if a truck isn't full and they've got sacks of envelopes headed the same way, I'd bet it'll get put on the truck anyway.

So expect that mail will simply take longer, especially the longer across the US it has to travel.
 

Jodster

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I got a few of these First Majestic bars last week, I ordered them from their bullion store. At the time I ordered they were $21 per ounce ($22.50 now), not really a great deal especially with $48 shipping on the order. They do offer a 50 cent per ounce discount for shareholders. They did ship very quickly.

https://www.store.firstmajestic.com

I do really like the design, though. I have done very well with First Majestic stock recently and wanted them as much as a commemorative as an investment.

View attachment 172991View attachment 172992
Thought I would bump a post from 2 years ago. First majestic is selling their rounds for $28/Oz. right now, and they sell out fast. I've bought their products in the past and agree that the quality is top notch.
Interesting to see from the above post that $21/oz wasn't a particularly good deal 2 years ago, now $28 is! Cheers.
 

rampage

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Thought I would bump a post from 2 years ago. First majestic is selling their rounds for $28/Oz. right now, and they sell out fast. I've bought their products in the past and agree that the quality is top notch.
Interesting to see from the above post that $21/oz wasn't a particularly good deal 2 years ago, now $28 is! Cheers.
Quality might be top notch, but I don't see how its a good deal?
Most sites have bullion for cheaper than that:
 

savvydon

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Is $443 a good deal for any year soverign?

They don't mention the condition of the coin. That is about $15-17 dollars above the current melt value. A decent price, but if the coins are BU then I would say it is a very good price, assuming they don't pile on with shipping.
 

nickndfl

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BOLD has the best prices on 1 kilo silver bars online. The price also varies by refiner.

I got Nadir bars this time. The name actually means "low point" which could allude to its low premium. The quality seems fine.

I also bought some Perth bars in the past from another vendor and like all Perth products their premium has gone up. In fairness they did announce a price increase, but I don't know if they are any better? In fact, Perth gold coins are considered lower tier than US, UK & Canada.
20220516_153918_resize_76.jpg
 

southfork

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BOLD has the best prices on 1 kilo silver bars online. The price also varies by refiner.

I got Nadir bars this time. The name actually means "low point" which could allude to its low premium. The quality seems fine.

I also bought some Perth bars in the past from another vendor and like all Perth products their premium has gone up. In fairness they did announce a price increase, but I don't know if they are any better? In fact, Perth gold coins are considered lower tier than US, UK & Canada.View attachment 259503
Bullion exchange had good prices too
 

nickndfl

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Sovereign 1/10th gold $200 low premium. The $195 area is a sweet spot. Maybe gets hammered down on Monday?

 

rampage

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Sovereign 1/10th gold $200 low premium. The $195 area is a sweet spot. Maybe gets hammered down on Monday?

Link?
I'm not seeing it myself for 200