The Global Dollar Short Squeeze

Re:The Global Dollar Short Squeeze by wegymoo on Thursday April 09, 2020 @10:08PM (#22829262)

the day before all non essential store (precious metal brokers) closed here I went to two and the asking price for silver was double the online spot for physical 1 ounce coins (not a high grade collectors coin just silver rounds)

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Re:The Global Dollar Short Squeeze by 3fe9a03ccd14ca5 on Thursday April 09, 2020 @10:20PM (#22829346)

It looks like it’s still close to that online at the large sellers, like apmex and Kitco.

For example, the spot price for silver is around $15, but the cheap, generic silver rounds are at $20 an ounce, 25% premium. American Eagles 40% premium.

Other places not in stock at all.

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Re:The Global Dollar Short Squeeze by mythrwy on Thursday April 09, 2020 @10:34PM (#22829433)

This place has generic rounds silver $3 over spot. Appear to have stock.

https://www.coin-rare.com/silver-bullion.aspx

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Re:The Global Dollar Short Squeeze by 3fe9a03ccd14ca5 on Thursday April 09, 2020 @11:18PM (#22829677)

Any experience with them? Seems like a good price to me, even with shipping costs.

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Re:The Global Dollar Short Squeeze by mythrwy on Friday April 10, 2020 @10:42AM (#22833483)

Ya I ordered a bunch of stuff from them years ago. They have been around at least over a decade and were legit.

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Re:The Global Dollar Short Squeeze by kaycebasques on Thursday April 09, 2020 @10:20PM (#22829349)

I've heard that retail sellers deliberately milk the "it's the end of the world" narrative. They price gouge under the guise of "See! The price of physical gold is dislocating from paper money!"

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Re:The Global Dollar Short Squeeze by jurassic on Thursday April 09, 2020 @10:27PM (#22829392)

Premiums on physical silver are always pretty ridiculous, even in non-pandemic times. I've always preferred gold because the margins are a lot more reasonable.

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