Coins, rounds, bar or junk???????

[LongDonSilver]

Still finding $7.00 premiums for Britannia's up here. Frustrating indeed, especially when silver is off a bit, due to the interest rates rising this week.

$1.79 is a gift LongDon.

Don't know what to say except find a trusted buddy to visit in the lower 48. Back in the '50's it used to be my job, as a kid, to dirty up new white walled tires for my Canadian family's car when they'd come down and just "happened" to need new rubber. (or shoes or .....) NAFTA has done nothing for the little guy. Two countries so close and yet still so far apart in many ways. Don't know if things are getting better or worse for us on either side of the longest "unguarded" border in the world. One more BS joke these days.

[digbird]

Still searching while we are in a minor dip right now. Nothing is on sale so to speak. Premiums have not dropped up here at all. Averaging 7% to 8%. At this stage I would consider silver in any format, rounds, coins or bars. Our 80% silver junk is not what I'm after at all.

I'd even consider buying sterling silver dinnerware.

[digbird]

Hardly any postings lately. Quite on the western front.

I was just pricing silver and gold in Canadian dollars. Our dollar dropped to $0.72 cents against the U$Dollar.

If I was an active trader, I'd consider selling as the prices in our dollars are astounding.

Here is just a sample of the costs...and premiums as of Oct.28th. 2023 in Canadian funds.

Gold $2,784.63 ---- Silver $32.14 Canadian Dollars

2023 1 0z. Silver Britannia- $37.00 - $38.48 with credit card.

2023 1 oz. Silver Maple Leaf - $43.49 - $45.32 w/cc.

Silver Sunshine Mint 1oz. bar- $43.49 - $45.73 w/cc.

Silver 1 oz. Johnson Matthey bar- $48.37 - $50.73 w/cc.

Silver Eagle 1 oz. $44.16 - $47.68 w/cc.

Gold Eagle 1 oz. $3,035.51 - $3,156.93 w/cc.

As you can see, the premiums came down on a few items, but remains high on a lot of others.

[yellowsnow]

Still searching while we are in a minor dip right now. Nothing is on sale so to speak. Premiums have not dropped up here at all. Averaging 7% to 8%. At this stage I would consider silver in any format, rounds, coins or bars. Our 80% silver junk is not what I'm after at all.

I'd even consider buying sterling silver dinnerware.

because of the gst?

[digbird]

because of the gst?

No not really. I like silver 999.9 or better which just so happens to be GST free. Plus I did get a little bit from a few friends and family over the years, but I prefer bars.

[everything1]

It depends on what you want, cheap, premiums, collecting, silver price, spending power.
10 oz. bars, 100 oz. lots, save up for monster box crazy buy.
I think under 20, 15 would be the new gift, sell 25-30.

[LongDonSilver]

No not really. I like silver 999.9 or better which just so happens to be GST free. Plus I did get a little bit from a few friends and family over the years, but I prefer bars.

Since Canada wants their pound of flesh for anything other than four 9's, I'd say it would be best for you to stick with whatever is less expensive. But if what many of think is going to happen happens then any gold or silver will be good to have. As a Canadian you have an advantage over those of us in the USA and can invest in Canadian mining company investments that we can't. Remember if a miner is profitable at $1900 (US$), then what will they be at $3000 (US$)? Or if a mining company shares are priced at $5/oz in the ground for gold reserves, what will the shares be worth when the gold has been mined and it now in a bank vault?

[digbird]

Since Canada wants their pound of flesh for anything other than four 9's, I'd say it would be best for you to stick with whatever is less expensive. But if what many of think is going to happen happens then any gold or silver will be good to have. As a Canadian you have an advantage over those of us in the USA and can invest in Canadian mining company investments that we can't. Remember if a miner is profitable at $1900 (US$), then what will they be at $3000 (US$)? Or if a mining company shares are priced at $5/oz in the ground for gold reserves, what will the shares be worth when the gold has been mined and it now in a bank vault?

I have been following a few stocks but have not pulled the trigger yet as an alternative to buying ag & au bars/coins and taking delivery.

I'll probably just sit on the sidelines for now and be patient waiting for an opportunity.

Side note: I have a few Sunshine Mint bars and paid $12 to 14 for those and Johnson Matthey series 1 bars I bought even cheaper. I see both of those are selling for over $40.00 up here in Canadian funds. Like I suggested above...looks like a time to sell? The other side is all countries have so much debt on the books, I really don't want to unload them, just hold them as a safe-guard. The more debt these countries take on the more I want to accumulate physical, but in our dollar denomination this makes hard when ag. & au. are at a high in our foreign currency. I'm sure folks in Britain and Europe are going through the same problem.

[golditiki2]

diggy, the problem is that today there are few better safe " things" than gold, so selling gold to buy what? Gold ? It is not a solution.

The PTB are taxing everything to the hilt, and inventing daily more on everything which is bolted to the ground or loose. Here we have even cases they tax taxes.... it is IMO obvious that inflation is not going to be stopped, the interest rates are far too low to stop the spending ( whatever the financial branch touts, the actual interest rates are Peanuts compared to real inflation ).

The different fiats are competing each other lower and lower in a downwards caroussel movement. The PTB does not see another way out than more debt, so the fiatpurchase value is to go DOWN and DOWN. Holding Fiat is up to some extent necessary in order to cover yr daily expenses, but on top of that really a lossitem.

All governmental guided systems ( the swamp) are in principle bankrupt year after year and are bailed out by the PTB year after year. .
All these systems have an inbuilt flaw. They lack the capitalisic bankruptcy brake, so there will be NO END to the spenddrift. The PTB will come after every penny you have sooner or later.

Houseowners are trapped in all countries, they are sitting ducks to be shot at, but also those who live in a house or falt which is not their own are tapped, There is no way to escape the ever increasing taxspree, It means that whatever one might think, the fiatvalue has to drop. Believing it will reverse is a sin against the Holy Spirit.

The only backstop for fiat to stop devaluating is a complete breakdown of the spending systems, and it will happen, but maybe not yet tomorrow. The swampmass is sticky stuff.

Golditiki2+++

[digbird]

diggy, the problem is that today there are few better safe " things" than gold, so selling gold to buy what? Gold ? It is not a solution.

The swampmass is sticky stuff.

Golditiki2+++

Hiya Goldi.

It was a passing statement just taking an opposite view. Selling instead of buying, then waiting for a low before rebuying the same silver. We never did not see much of the last dip in silver or gold as our dollar went lower in value, making the metals holding their own values. So..no dip up here. My main goal is to buy at least another 100 oz's to 200 oz's of silver. But not at these high prices. Same thing applies to gold at nearly $2,800.00 per oz. I'm on hold for now.

When is the last time you bought any gold or silver Goldi? Just curious.

I like your Swampmass statement....haha.