• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

MikeInTexas

Platinum Premium Member
  • Content Count

    8
  • Joined

  • Last visited

  • Feedback

    N/A
  • Country

    United Kingdom

About MikeInTexas

Profile Information

  • Location:
    Texas

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. My local business (LCS) has not shown a shortage of anything but 2019 American Silver Eagles. When I visit, their display cases have a wide variety of items, and upon request, more in secure vault.
  2. It did not occur to me, from the start of the 100G bars, to video of stamping of numbers and learning other details, that I would learn so much, and really enjoy all of this. I imaging all 100 bars are going to some interesting locations around the world! I know at least 'one' bar is coming to Texas!
  3. Cheers, welcome to the Forum. I am also new here.
  4. I am interested in knowing how long it takes for BYB to sell all these bars.
  5. Yep! I am on Kitco website, monitoring the spot silver market. And yes, I have bought AG at over $22.00 USD, and will continue to do so until it gets near $25.00 USD per ounce. We've all watched the ups and downs, and right now, I feel Silver is still cheap at current price. Greetings to everyone on The Silver Forum from my location near Houston, Texas!
  6. Exactly. I will continue to buy, but as we get closer to $22.00 USD per troy ounce, I will be taking a very close look, see what happens over a few days or weeks. At $25.00, I will likely be stacking cash, see if a dip takes place, then try to buy into weakness.
  7. There are a few of us here who have been "stacking" over a long period of time. Some of my stuff, I bought in the 1980's and 1990's when silver was $6.00 to $9.00 per ounce. And even these past few years, with the ups and downs, I paid as high as $22.00 per ounce including premiums. A Dollar Cost Averaging strategy. I have sold very little, and today, the stack gets bigger. I am not stacking silver as an investment. I am stacking to preserve my wealth, against a changing economy. Look into what the price of gold and silver have done in Argentina, as their currency has crumbled because of bad inflation. Look at Venezuela, their currency is garbage. Their Government hates the idea that the citizens are using American dollars in what the govt says is 'black market' trading, but all it really is, is people trying to buy food and necessities. There are even a few old silver coins being used. And we have all seen these past few months.. silver at $14.50, and YES...I did buy at that level.. and even this past Friday, I bought 2019 American Silver Eagles 1oz at $21.50 each. I bought nearly all the 2019's the dealer had in stock, as he was waiting on big boxes to arrive for his customers. When the spot BID/ASK prices in New York City, London, Hong Kong and Australia get above $25.00 United States Dollars (USD) per ounce, I will just set aside some mad cash, should the spot prices drop suddenly. Which is like going shopping, and everything is ON SALE! If the metals do sky rocket, don't panic, wait and see, because you had already been stacking, which is more than the rest of Americans are doing. Some people buy brand new cars and trucks, waisting their capital, and others are stacking gold and silver, preserving their buying power. Something I keep in my mind is, if I had bought a 10 oz bar of silver at say $9.00 per ounce with a premium of $1.50 per ounce over the spot price, and silver later moves to say $18.50 per ounce, and I sell that 10 oz bar for $185.00... now what do I do? Put the cash in a bank, where it does not do anything? Look at history, back in 1979, inflation was at near 18%, home loans were at 12% to 16%, and silver and gold went way up! It was because the dollar was losing its buying power. SmoggyPluto, you are off to a good start! Keep stack'in!
  8. Anyone else besides me taking time to observe silver and gold trading today? The news services here in America are showing gold trading at $1.510 USD per troy ounce. The price of silver really got my attention.