Silvers insanely high premiums... Stack CASH!
If you've been paying attention to the price of silver and gold lately you will notice the insane demand for the precious metals. With everyone closing their doors due to the corona virus the metals markets paper prices are seemingly disconnecting from the physical price. What am I doing? I plan on stacking cash right now to buy in the coming months. I have a feeling that people will need the cash in coming months and need to turn in their precious metals too coin shops. the unemployment offices are bombarded with new applicants and I think there will be a replenishment of physical metals onto the market and back in coin shops and companies hands. Don't believe the hype all these out of stock items has to be a lie. The company's know they can lie and get away with newcomers coming into the stacking community due to fear of the dollars being printed now more then ever. Even the united states mint has closed its doors due to one person being sick. Strange times are ahead of us and I am going to take a seat back and again stack that paper usd until the time is right. $25 dollars right now is too much for an ounce of silver the way i am looking at everything. I hope the prices go back to normal and the premiums go down. I believe they will and that will be the best time to buy when people start trading their silver and gold back into usd because of the need for money in these coming months. Food is more important and you cant eat silver... this statement will always ring true.