Silver Price Watch
- Thread starter STKR
- Start date
You've gotta admit this is a fun little experiment we're all a part of. So many developments with supply shortages, premiums and COMEX/SGE price discrepancies. If you weren't planning to sell within the next few weeks then it's pure entertainment.
BTW - I monitor ABC's inventory and premiums closely. They have a few products on pre-order but most is (and has been) available to order this whole time. The biggest development has been the removal of the 1oz kangaroo. All of their bars are produced in-house, so having such a high premium on these means they have to sell 25-30% less silver for the same $$ inflows. I don't think their premiums are just to price gouge, I think they're being strategic with their supply. And I also think that's why they no longer sell 1oz Kangaroo's... To assist Perth Mint with being strategic with their supply/production.
I can imagine the consternation of stackers who sold physical near to the top only to find they can't buy in at these "low" prices. It'd be funny if stock only becomes readily available at prices above the "top" they sold at.
But this has been an enormous learning opportunity for those with eyes to see and ears to hear.
But this has been an enormous learning opportunity for those with eyes to see and ears to hear.
I doubt many stackers sold their physical at the top, most would have held on for sure, considering people were happily buying at the top sort of proves that.
Paper traders on the other hand they would have cleaned up big time from this run
What other dealers are selling at what price?
Them listing spot that high has got to be bordering on criminal, it doesn't specifically say "spot price" but they show a price that rises and falls, so it's implied.
I know dyodd, but that's taking advantage of newbies. ABC are at the top of Google under the sponsored ones. They're the one on the news that gets shown with lines out the door. They are the first place that people who think "I'm buying metal where do I go?" First one in the search, the one from the news.
Them listing spot that high has got to be bordering on criminal, it doesn't specifically say "spot price" but they show a price that rises and falls, so it's implied.
I know dyodd, but that's taking advantage of newbies. ABC are at the top of Google under the sponsored ones. They're the one on the news that gets shown with lines out the door. They are the first place that people who think "I'm buying metal where do I go?" First one in the search, the one from the news.
Buyers bitch about buy-sell spread prices, pathetic you are. You try to buy a futures contract in a volatile market like now. Anyone buying silver at $120 usd would have had balls of steel. A company needs to make money to survive so grow up and keep buying into 4 digits
I am seriously half tempted to go there with a sandwich board and flyers for other dealers and tell people about silver and how anyone who has been buying for any amount of time avoids ABC, but it's ok, because a lot of them had a similar experience when we started.
Thank for the luck, it will be fun 
I won't actually do it, I get sore legs walking around the supermarket doing a small shop, I'm not standing around for any amount of time unnecessarily, but it would be funny.
It wouldn't be illegal be unpaid advertising a variety of different bullion stores within proximity of a competitor, comparing prices and such. In a fair way. Maybe not say "avoid them" but "This place close by and 10 bucks cheaper"
At the moment everyone is ridiculous though, ABC is just slightly more ridiculous.
I won't actually do it, I get sore legs walking around the supermarket doing a small shop, I'm not standing around for any amount of time unnecessarily, but it would be funny.
It wouldn't be illegal be unpaid advertising a variety of different bullion stores within proximity of a competitor, comparing prices and such. In a fair way. Maybe not say "avoid them" but "This place close by and 10 bucks cheaper"
At the moment everyone is ridiculous though, ABC is just slightly more ridiculous.