Silver Prices Hitting the Roof

[Bolt_308]

Are you telling us that number in troy pounds or avoirdupois pounds?

1.625 troy pounds would be 19.5 troy oz.
1.625 avoir. pounds would be 26 avoir. oz.

I would expect that you bought in troy pounds, as that is the unit of measurement for PMs...

Lol- I forgot to tell google to do the conversion in Troy ounces ;-) Here's the updated calculation according to GoggleFu:

 

[sobo]

Lol- I forgot to tell google to do the conversion in Troy ounces ;-) Here's the updated calculation according to GoggleFu:
View attachment 2240802

 

[arakboss]

Congrats to those who got out just before the crash. Condolences to the suckers who are holding the bag (of silver).

https://www.marketwatch.com/story/silver-heads-for-biggest-drop-in-14-years-with-every-man-and-his-dog-rushing-for-the-exit-081baf5c

 

[Alexx1401]

What silver down $29 in one day ?

It at first dropped by about $35 seemingly overnight. Bounced back a little but very volatile right now. Co worker had an appointment at the place I used several times last week. I asked him how it went and he was happy. When he got there day before the big dip it was at over $107 , but place was now only offering 85% of melt. He saw a few people pick up their stuff and storm out mad. He sold and was glad he did since the next day melt was $10 less than what they had just paid him.

 

[PORSCHE928S4]

It at first dropped by about $35 seemingly overnight. Bounced back a little but very volatile right now. Co worker had an appointment at the place I used several times last week. I asked him how it went and he was happy. When he got there day before the big dip it was at over $107 , but place was now only offering 85% of melt. He saw a few people pick up their stuff and storm out mad. He sold and was glad he did since the next day melt was $10 less than what they had just paid him.

I would just wait to buy again but will be in at $50 a ounce and after people dump their $100 purchases it will be there within a month

 

[arakboss]

Next time a pawn shop offers 50% of melt, you'll understand one of the reasons why.

 

[Cotton69]

A guy I know sold 100 ounces for 112.50 Thursday but it wasnt picked up yet just a promise to buy.Now its 84.00 will he go in and pick them up?He would lose almost 3000.Will see if he does.Of course it could go up to 120.00 Monday.I think this drastic swing in price is making people paranoid.

 

[Camelfilter]

Holding ours, might convert a bit to gold. If the ratio hits bellow 1:50 again soon.

No biggie if it doesn't though.

They still have value just as they are…

 

[Cotton69]

Anyone do the coin roll searching half dollars?Did that for several years,order boxes from the bank and go through em for silver.Wife thought I was crazy but not so much now.Yeah paid face value.You can still find a few but not worth doing anymore!Here is 400 40% halfs cost was 200.00 now worth over 4000.00

 

[Tlock]

Anyone do the coin roll searching half dollars?Did that for several years,order boxes from the bank and go through em for silver.Wife thought I was crazy but not so much now.Yeah paid face value.You can still find a few but not worth doing anymore!Here is 400 40% halfs cost was 200.00 now worth over 4000.00

View attachment 2241050

Yep I did it when my boys where younger and was successful. Tried 2 months ago with my young daughters.....no luck

 

[Cotton69]

Yeah,wish I had been doing it 20 years earlier here are some 90%ers

 

[TTSX]

I get silver dimes and nickels from vending machines regularly. Only got one quarter and at one point a machine spit out a non silver half dollar. I don't know why it was stocked with one or how it was programmed but it never happened again

 

[Tlock]

I get silver dimes and nickels from vending machines regularly. Only got one quarter and at one point a machine spit out a non silver half dollar. I don't know why it was stocked with one or how it was programmed but it never happened again

Vending machines still exist?? The very few I see are card only

 

[TTSX]

Vending machines still exist?? The very few I see are card only

Yes. And they take cold hard cash, too. Heck, one even takes the diners club international card... Whatever that Boomer nonsense is.

 

[Mono1]

That facy stuff scooped out of bat $#!+?

No, they use that stuff for women's Make-Up. You're thinking Tiger Sh*t.

 

[Mono1]

Holding ours, might convert a bit to gold. If the ratio hits bellow 1:50 again soon.

No biggie if it doesn't though.

They still have value just as they are…

Yeah. Stay the Course.

The Course may be 5 or 6 years yet.

But.

Patience, Grasshopper.

 

[Colt Carbine]

Congrats to those who got out just before the crash. Condolences to the suckers who are holding the bag (of silver).

https://www.marketwatch.com/story/silver-heads-for-biggest-drop-in-14-years-with-every-man-and-his-dog-rushing-for-the-exit-081baf5c

Those suckers are still holding a bag of silver that gained 172% in 12 months, at today spot price.

What a bunch of suckers

 

[gmerkt]

Are you telling us that number in troy pounds or avoirdupois pounds?

Is there such a thing as a Troy Pound still in use in modern US commerce? I thought pounds were the same, just divided differently. Meaning, one pound contains 12 Troy oz. or 16 Avoirdupois oz.

 

[arakboss]

Those suckers are still holding a bag of silver that gained 172% in 12 months, at today spot price.

What a bunch of suckers

That didn't do them much good if they bought it right before the crash.

 

[bionic knees]

why is it that when I go online to check the spot price of silver every site shows a different price?