2 More Silver at Spot Deals! Why Are There So Many?
Golden greetings and silver salutations. For a year +, the only silver at spot I knew of was the welcome pack at JM Bullion. Since then, Silver Gold Bull, Bold Precious Metals, and Monument Metals created similar deals. Now today, I heard of not one, but TWO more!
This is a bit of a tease as one was a flash sale. APMEX offered 10 oz bars for spot (limit 3) for 3 or 4 hours and you needed a special link to get them. I saw a video from the awesome You-Tuber MunkeySpuz who posted the link. I picked up one bar and added the Rum Runner coin to my order.
Well I went out dancing tonight and as I settled down to go to bed, there was a video by You-Tuber Silver Bean Counter. There is ANOTHER spot deal, this one from Provident Metals.
Here is a screen print of it:
That came from here: https://www.providentmetals.com/10-oz-999-fine-silver-bars-our-choice.html
Why are there so many silver at spot deals right now? It makes me a bit nervous. Do these dealers know something about the future price of silver that we don't?
On a bad note, I can't afford to keep buying all of these, but I want them all. 10 oz bars really keep the stackitis at bay. What to do? WHAT TO DO?!?
Until next time, keep stacking and supporting #SteemSilverGold, #SteemUSA, and #TheAlliance!
Buying furiously seems like an excellent plan to me, and i am walking the walk, but i hear ya... who knows how long the market can be surpressed!? Certainly at some point though, there will come a supply shortage, and then this strategic asset will have a fine and shiny day in the sun.
I agree with you as the consensus is that it's true value can't be close to the current 17 usd range. The problem is I don't think the powers that be will ever be out of ink, so paper contracts, printed fiat, and fudged numbers will continue to rule....for now.
Meanwhile, JP Morgan keeps on stashing more silver away...
The powers that be have certainly held the market down for a long time. With the amount of silver at spot deals that are coming along, I can't afford to keep up. It's a damn good problem to have, though.
JP Morgan was the largest holder of Ag shorts going back several years. They always made money, and now they have become the largest holder of phyzz... such blatent crime, it’s ridiculous.
They figure at least some will come back
So since it’s only a one time deal they make money on the traffic. Don’t forget they pay just under or at spot so they aren’t loosing money.
It costs them to pick, pack, and ship my order, so I see them breaking even as a best case scenario.
if you want deals at spot I can help follow my blog we should talk
I'm following you now, though the problem isn't finding deals at spot...it's being able to afford them.
that's cool I can help often with a bit below spot as well are you in the usa
?
Sales are probably very slow. If it wasn’t for SSG there would be no investment demand 😀
There is a whole lotta stackin' goin on in the SSG world. I didn't stack nearly as much until I got involved with this group.
Nice! I want some under spot deals. Again lol
I think the only silver under spot deal I ever got was that Monument Metals silver at spot deal, with a promo code on top.
I'm still salty I missed out lol
Just Keep Dancing and adding more Silver to your Stack. I would not read to much into what the dealers know or don't know since they are always Short their inventory to hedge............
I plan on stackin' and swingin' (of the swing dance variety) until my time here comes to an end.
I think the starter packs are more of a marketing expense to get new customers coming in the door. The flash deals might be more of a inventory management, they could have a huge order come in they are properly hedged on. I have been trying to pick up the deals, but 10oz at a time really hurts the budget, and are just not as fun a 1oz to play with.
It's much harder to stack those 10 ozers, that's for sure. I wonder if the silver at spot deals are partially a response to increased competition. New dealers seem to keep popping up.
I love silver at spot! It is a pity that I am in Canada, where there are so few companies where I find it...
That stinks Ronaldo. These silver deals are a nice little plus for those of us American Steemians. On a side note, one thing I love about this group is that we get to hear about how people order metals (and any challenges) around the world.
Thank you for your continued support of SteemSilverGold