Silver is Going Crazy!!

[Sand Sifter]

In the immortal words of Fred Flintstone: “slowly we turn, inch by inch, step by step”.

 

[Odanscoils]

The coins dealer only has to report 1000 oz or more for silver regardless of price . American silver eagles has no limit . But cash transfer of $ 10.000 nor more are reported . sube

And that's something else I'm wondering about.
How can the somalis ship million dollar shipments without gov knowing what bank or cash facility it came from.
When All are required to report anything over $10,000 dollars.

 

[Mark kus]

My buddy added up all his silver mostly from seeded hunts total 18K in 5 years
Mark

 

[markinswpa]

In the immortal words of Fred Flintstone: “slowly we turn, inch by inch, step by step”.

View attachment 83898

It'll hit a 100 before the end of the month. Speculation is 300 by end of June. But don't forget the gains tax you'll get if you bought bulk from the big dealers. The government will want their share before the bubble burst. If indeed it does burst. I don't think it will.

 

[markinswpa]

My buddy added up all his silver mostly from seeded hunts total 18K in 5 years
Mark

God bless, thats a lot of silver. My buddy added up all his silver, is that like just asking for a friend.

 

[Sand Sifter]

Looks like we’re back in business with a quick jump, Silver back over $94oz.

 

[Rick(ND)]

Looks like we’re back in business with a quick jump, Silver back over $94oz.

View attachment 83997

Sure does sound good if someone was buying it at that price, many dealers I hear are not buying right now because it is not stable and if you were able to sell for spot price you have to have quit a bit. This is just what I heard and back in the early 80s when it was $50 a ounce the best we seen around here that dealer bought was $20-$25 a ounce and ask why the difference that much was he had to have quit a bit to get spot price and sometime is was dropping and didnt want to get stuck with it. They have to make money too or why buy it. I sure do wish I would have kept is as what I sold of gold and silver was little over $3000 from detecting sold another $10 worth to a guy when it was around 18 time face. Back in the early 60s if i remember right gold was $16 a ounce while silver coins coins in the later 60s were about 2 or 3 times. Back then we were busy chasing the girls and drinking beer to think about investing ,even today some of us the same problem.

Rick

 

[OldBeechnut]

My buddy added up all his silver mostly from seeded hunts total 18K in 5 years
Mark

Seeded hunts, wonder how much he spent on entry fees? I just seen some one post a seeded hunt where it cost 75 silver dimes.. thats 450.oo entry fee.. I'm sure its tough for those having them now that silver jumping....
.

 

[Donna(NJ]

Seeded hunts, wonder how much he spent on entry fees? I just seen some one post a seeded hunt where it cost 75 silver dimes.. thats 450.oo entry fee.. I'm sure its tough for those having them now that silver jumping....
.View attachment 83999

Now over $500 plus the $10..... Love to see how many show up for that price!!!!! They would be digging just what they cashed in !!!

Wasnt much of a comp hunter. Now at least Ive gotten my entry fees back !!!

Sad to hear that when silver was $40 an oz, dealers only paying $20-25.

Anyone sell silver recently??? ??/oz ???

Coinflatiion at 67 times.

HH
Donna(NJ)

 

[Donna(NJ]

Seeded hunts, wonder how much he spent on entry fees? I just seen some one post a seeded hunt where it cost 75 silver dimes.. thats 450.oo entry fee.. I'm sure its tough for those having them now that silver jumping....
.View attachment 83999

You must have 5 gallon buckets of silver rings by now !!!! Maybe a new jet ski in the future !!!!

At some point we all have to decide when to pull the plug.

HH
Donna(NJ

 

[Sand Sifter]

Sure does sound good if someone was buying it at that price, many dealers I hear are not buying right now because it is not stable and if you were able to sell for spot price you have to have quit a bit. This is just what I heard and back in the early 80s when it was $50 a ounce the best we seen around here that dealer bought was $20-$25 a ounce and ask why the difference that much was he had to have quit a bit to get spot price and sometime is was dropping and didnt want to get stuck with it. They have to make money too or why buy it. I sure do wish I would have kept is as what I sold of gold and silver was little over $3000 from detecting sold another $10 worth to a guy when it was around 18 time face. Back in the early 60s if i remember right gold was $16 a ounce while silver coins coins in the later 60s were about 2 or 3 times. Back then we were busy chasing the girls and drinking beer to think about investing ,even today some of us the same problem.

Rick

Actually, people are paying much more than that spot price to get physical Silver. That price you see is for Silver Futures, i.e., paper Silver trading, not physical. That price is actually fictional compared to what Silver is really selling for around the Globe. I've been watching some recent videos from dealers and their Silver shelves are almost bare, people coming in and buying them out. So, if they don't have much Silver to sell, seems to me they'd be looking to buy more to restock their shelves. But I do understand the dealers concerns with volatility, as the price dances up and down all throughout the day.

 

[Sand Sifter]

Seeded hunts, wonder how much he spent on entry fees? I just seen some one post a seeded hunt where it cost 75 silver dimes.. thats 450.oo entry fee.. I'm sure its tough for those having them now that silver jumping....
.View attachment 83999

Just my opinion Joe, but IMO, I think it's pretty ridiculous that the entry fee would be charged in Silver dimes. I know they want to use those dimes to seed the field, but what if a guy doesn't have 75 Silver dimes? lol. They're entering a seeded hunt in the hopes of finding silver, gold, tokens, etc. A guy would have to find 75 Silver dimes during that hunt just to break even. Seems to me, whoever is promoting that hunt is doing themselves a disservice, as there's probably a lot of people who would like to attend, but don't have, or don't want to cough up that much Silver to enter. Should have just put a dollar amount for entry fee, so that everybody could sign up.

 

[sprchng]

Actually, people are paying much more than that spot price to get physical Silver. That price you see is for Silver Futures, i.e., paper Silver trading, not physical. That price is actually fictional compared to what Silver is really selling for around the Globe. I've been watching some recent videos from dealers and their Silver shelves are almost bare, people coming in and buying them out. So, if they don't have much Silver to sell, seems to me they'd be looking to buy more to restock their shelves. But I do understand the dealers concerns with volatility, as the price dances up and down all throughout the day.

That is pretty much the opposite of what my dealer here tells me. Some wont take a 100 oz. bar because they have so many in inventory and no one will buy them. The fact that sell so little makes them hesitant to pay top dollar at these prices. 93% of spot was the offer when Ag was around 60 so probably down to 90 now. Buying through regular channels in this State also requires an almost 8% sales tax on top of the 5% premium most dealers tack on.

 

[Sand Sifter]

Finally, Silver hits $95oz, and Gold is within $10 of hitting $4,700.

 

[sube]

A lot of small dealers are not buying because when they sell to the smelters it's a months wait before they melt and pay dealer .If I sell a $100000 in silver I don't see that money for a month how will I buy more ? sube

 

[Sand Sifter]

A lot of small dealers are not buying because when they sell to the smelters it's a months wait before they melt and pay dealer .If I sell a $100000 in silver I don't see that money for a month how will I buy more ? sube

But not all small dealers are selling to smelters. Many small dealers have coin shops, and I've been seeing quite a few of them being cleared out of their Silver. They make their money by buying and selling precious metals like Silver. So, if a ton of people come into their shop and buy them out of Silver, what are they gonna do? They need to buy more Silver in order to be able to sell more Silver. Without inventory, they're dead in the water, so they have to keep buying in order to have more product to sell as Silver buyers continue to flood into their shops.

 

[sube]

But not all small dealers are selling to smelters. Many small dealers have coin shops, and I've been seeing quite a few of them being cleared out of their Silver. They make their money by buying and selling precious metals like Silver. So, if a ton of people come into their shop and buy them out of Silver, what are they gonna do? They need to buy more Silver in order to be able to sell more Silver. Without inventory, they're dead in the water, so they have to keep buying in order to have more product to sell as Silver buyers continue to flood into their shops.

Very true but there are more retail sellers than buyers that's why the refineries are back up a month or are not buying at all they the smelters don't have unlimited funds either . sube

 

[OldBeechnut]

You must have 5 gallon buckets of silver rings by now !!!! Maybe a new jet ski in the future !!!!

At some point we all have to decide when to pull the plug.

HH
Donna(NJ

Thank You! I wish I did have all the silver Ive dug in the past. The silver goes to the smelters, and proceeds go to the GF. That gives the silver a meaning when I do find it..
So far she has 293 grams, hoping to make it a silver year? I do dig a lot of silver coins.. Last hunt second picture. 1/15/2026

97% of everything else is in the bank. When to sell?.... holding for now. I am 73.5 , so my girls have been told who will buy with cash.
I enjoy hunting, been more then Blessed with all..