It's well known and openly admitted and lawsuits have been won about manipulation in the precious metals markets.
The low side of the Gold to Silver ratio is about 100 to 1
The high side in history was 10 to 1
So if Gold inches up to $2500 oz... that puts Silver at $250
currently $27 - that might sound mad - until you think into the performance in many other assets, Tesla, Cryptos etc.
JPM, Barclays and all the spooks have gone out of their way to crush silver prices for decades - this is one way we can beat them.
Silver futures are a small market place - we can easily squeeze them out there.....
The Hunt Brothers did it in the 70s but they didn't have the viral power we have.... to get the masses behind them.
WTAF?
Bro.....no.
If you are extremely experienced and know EXACTLY what you are buying; sure; buy off eBay. IMO, that goes for EVERYTHING nowadays; eBay and the whole internet are so full of fakes, scams, ripoffs; it's ridiculous.
eBay is the absolute, dead nuts LAST place anyone who ISN'T AN EXPERT should buy ANY precious metal.
JMBullion, APMEX, and several other large, extremely reputable sources are the best for noobs.
Your point about buying actual, physical metals; coins, bars, etc; is very correct though.
LOL at anyone who "invests in precious metals" but buys paper contracts... ???
the best for noobs is to not buy online at all
big metals distributors will take your money and then produce the silver
in a short squeeze this means that by the time your order is ready the proce will have gone up so much they will just send you your money back
buy from a local coin store
I agree with this to an extent.
It depends how high their markup is compared to the Internet. As long as they are reasonably fair and not totally gouging then yes you should support your local small business versus a communist multinational shit bird tech company like eBay.
compare two scenarios:
You buy online. Price is spot plus $1.50. You have to wait 3+ weeks for delivery.
You buy from brick and mortar shop. Price is spot plus $4.50. You walk out with it.
Is brick and mortar guy gouging you?
No.
He has to store, insure, and keep safe the thing you want and is doing so in a way that eliminates third party risk (the risk that the third party involved fails in giving your silver to the place you bought it from when you paid in advance).
He is serving his community and you should support that. Buying online supports the paper market of silver, which is what we want to bring down. He is not gouging you.
Yes, I understand and agree with you. sigh I'm gonna roll over to my local coin shop now..... ;-)
I only buy from sellers who have 100% ratings. Never had a problem. I had a problem with a gold dealer website that was supposedly reputable but after I made the buy the company was all of a sudden bought out and they were going to have to sort shit out and then I could expect my gold. I got a refund from paypal.
Yeah that works too, I guess..... I dunno I guess I just have a visceral reaction when I see "ebay" - I instantly think "scam / fake!"
Well that is good for you but I still believe that buyers should definitely beware on eBay and still do not think it is the best advice for people who are totally inexperienced with precious metals to run their first couple transactions through eBay.
Maybe either with the guidance of someone more experienced, or after you have learned a lot more about what exactly you are buying & the industry as a whole...
As always; buyer beware and YMMV.
Yeah, let me have some of the silver paper right there, lol. I don't know why anyone would take paper over physical silver/gold except, it's a 401k option.
Seriously! Even then, you can apparently do a self-directed 401k where you self-fund with precious metals or something like that..... I'm botching the terminology but you can definitely invest in real, physical PM's for your 401, maybe IRA.