What the heck is going on with bullion prices!?!​ 😱​

[GBcoins]

So a short while ago I was purchasing 1oz silver coins from Atkinson's Bullion for £23 each and today I've looked and they're upwards of £31 EACH !!! 😱

And that's not all...

It seems EVERYTHING is SOLD OUT !!! 😑

Who else has noticed this?

Please can someone with some experience offer this newbie silver stacker some guidance on what I can do and where I can find the best prices 🙏 

Comment below !!!

[Silverlocks]

Take a look on the listings here as a start.  There are plenty of folks here flogging silver bullion and tubes of coins (or individuals) come up on a semi-regular basis.  If you do want to try your hand trading here, get at least a silver membership as non members get a 3 day delay before they can see listings on the buy-sell boards.  There are also a few facebook groups and suchlike as well.

 

 

[Jimmock]

Basically,you need a membership to enable you to see the "for sales" on here as soon as they go up,as you will not be able to beat the majority of asking prices. If anything is still available for sale by the time non-premium members get to see it,then it has been over priced to start with. 😁

[MonkeysUncle]

There seems to be a shortage of new silver, and hence many dealers have little stock and when something is in demand and supply is short the price heads North.

Patience!

[Paul]

I've sold over 3000oz of silver through feebay being greedy taking profits, in past six months now. No shortage or buyers and constant sales every day

I'm moving into 100% gold. Sick of waiting to go to the moon since 2007

if I take a position in silver again, I'll do it through bullionvault 

[Paul]

51 minutes ago, MonkeysUncle said:

 

Patience!

Some of us have been waiting since mid 2000s ! Nothing ever changes it goes up n down up  n down. It still ticks every box to do well. Quote anything that is cheaper today than its 1980 high ?? 

Hope it goes to the moon  🌙🌙🌙🌙 but I'll do it through bullionvault instead where I can sneek some profits along the way 

[Paul]

It is always lauded as the 1980 bunker hunt high in silver but look at the so so so small window it reached and stayed there. It certainly wasn't for very long.  So kind of disgreard that silver peaked and manipulated adjuster price, it  looks like . . . . . . . Well, mah, no that great to be fair

[MonkeysUncle]

I think if you want to go to the moon you need to have words with Mr Musk. And rob a Swiss bank!

A pile of silver isn't going to cut the mustard. Now silver cutlery is another matter! 😉

Quote

 

 

[LawrenceChard]

3 hours ago, GBcoins said:

So a short while ago I was purchasing 1oz silver coins from Atkinson's Bullion for £23 each and today I've looked and they're upwards of £31 EACH !!! 😱

And that's not all...

It seems EVERYTHING is SOLD OUT !!! 😑

Who else has noticed this?

Please can someone with some experience offer this newbie silver stacker some guidance on what I can do and where I can find the best prices 🙏 

Comment below !!!

It seems like you only got as far as AB.

What comes next? "C" of course. Where you should have gone in the first place:

Price Comparison Against Other UK Bullion Dealers - Updated at 25-Oct-2022 07:52

Qty	Chards (Excl Delivery)	Chards (Inc Delivery)	B*	G*	A	BB	GER
1	£25.78	£29.28	£32.52	£33.48	£31.37	£32.50	£32.40
5	£25.72	£26.92	£32.28	£33.00	£30.82	£31.79	£31.56
10	£25.66	£26.26	£31.92	£32.88	£30.66	£31.34	£30.24
25	£25.60	£25.84	£31.68	£32.52	£29.77	£30.91	£29.40
50	£25.54	£25.76	£31.44	£32.40	£29.54	£30.48	£29.40
100	£25.48	£25.76	£31.08	£32.28	£29.41	£30.10	£29.04
250	£25.42	£25.54	£30.84	£32.28	£28.87	£29.86	£28.92
500	£25.36	£25.46	£30.72	£32.16	£28.75	£29.50	£28.68
1000	£25.30	£25.40	£30.72	£32.16	£28.75	£29.20	£28.68

As for stuff being sold out, I have given detailed explanations about once a week.

Basically, milions of people internationally are buying coins and bars quicker than Mints and Refiners can churn them out.

It's all your fault!

Resist paying greedy, hiked up prices.

And actually it makes more sense to invest in physical gold than physical silver because of lower premiums and no VAT.

See:

https://www.chards.co.uk/blog/advice-guide-for-uk-bullion-investors/1041

😎

[LawrenceChard]

38 minutes ago, MonkeysUncle said:

I think if you want to go to the moon you need to have words with Mr Musk. And rob a Swiss bank!

A pile of silver isn't going to cut the mustard. Now silver cutlery is another matter! 😉

 

Silver cutlery?

Next request please!

😎

[dikefalos]

30 minutes ago, LawrenceChard said:

Silver cutlery?

Next request please!

😎

Blessed silver bullets, dipped in fermented black garlic paste, against weremotherinlaws

[Roy]

I see Atkinson's are paying over spot for silver coins. Is that normal?

I've never sold to a dealer before.

https://atkinsonsbullion.com/sell-to-us/silver-coins

Chard's too!

Edited October 26, 2022 by Roy

[James32]

40 minutes ago, Roy said:

I see Atkinson's are paying over spot for silver coins. Is that normal?

I've never sold to a dealer before.

https://atkinsonsbullion.com/sell-to-us/silver-coins

Chard's too!

Wouldn't say its "normal " but demand has been outstripping supply for weeks/months. 

Atkinsons started with 1% and now offering 2% , but as spot has dropped 😕 

Edited October 26, 2022 by James32

[Petra]

1 hour ago, James32 said:

Wouldn't say its "normal " but demand has been outstripping supply for weeks/months. 

Atkinsons started with 1% and now offering 2% , but as spot has dropped 😕 

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

[Jimmock]

3 minutes ago, Petra said:

1 hour ago, James32 said:

😕

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

I'll offer 15% 😂😂

[James32]

4 minutes ago, Petra said:

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

Are you serious? Still not enough obviously, but wow the tides are changing 👌 

[MonkeysUncle]

Yeah, proper lack of shiny stuff. I dare say I could get hen's teeth more freely than freshly cast Umicore bars!

[dikefalos]

1 hour ago, James32 said:

Wouldn't say its "normal " but demand has been outstripping supply for weeks/months. 

Atkinsons started with 1% and now offering 2% , but as spot has dropped 😕 

 

43 minutes ago, Petra said:

Atkinsons are now offering 10% over spot on ‘selected’ silver coins. I.e. Britannia etc.🤔

And we complain in Germany when we only get 20% on Britannias, Maples, etc.

[HerefordBullyun]

@LawrenceChard as you were in Lisbon is there any truth  in this article about silver? Especially about 28.30 target bullishness?

Did you hear any talk of this?

https://www.zerohedge.com/commodities/physical-silver-demand-soars-bullion-dealers-offering-huge-buy-back-premiums 

[ArgentSmith]

Disconnect between COMEX spot price and physical in both Gold and Silver. In the Soviet Union prices were controlled by experts who knew better than the market. Whenever prices are controlled or fixed shortages result. Bullion behaving like soviet sausages, good price but try buying.

[LawrenceChard]

1 hour ago, HerefordBullyun said:

@LawrenceChard as you were in Lisbon is there any truth  in this article about silver? Especially about 28.30 target bullishness?

Did you hear any talk of this?

https://www.zerohedge.com/commodities/physical-silver-demand-soars-bullion-dealers-offering-huge-buy-back-premiums 

I wondered what 28.30 was supposed to mean. It could hardly be a time, but I clicked the link - $28.30!

I have never heard of Nicky Shiels, and her name is not one of the 666 on the official participants list, but then she might say exactly the same about me.

We did have a paid official delegate there, my colleague Ian. My wife Jane and I went along as a support act, but we have a few interesting meetings in the lounge / bar area of the conference venue hotel, our main one was with the RM UK bullion manager and Precious Metals Director. 

I guess that Nicky Shiels did similar to us, cheapskate!

Most of these ZeroHedge reports seem to feature dealers who are keen to hype silver. I have all but given up reading them. While I think silver is cheap, based on the Gold:Silver ratio, I try to avoid hype.

Seeing "Earlier Wednesday we noted a report from Ronan Manly of BullionStar.com, who revealed that more than 50% of deliverable silver on COMEX is suddenly 'not available.'" looks interesting, but there is no supporting evidence from Ronan Manly or Tyler Durden to support this statement. It seems to be aimed at further brainwashing the lunatic conspiracy who love to believe anything which sounds even vaguely conspiratorial.

She says "Polling takeaways from delegates:" I didn't know any of them got takeaways, and I don't know why they would. The "freebie" food in the hotel was all very good. I know because I felt duty bound to test it so as to be able to report on it here and elsewhere. I guess the wine was also good although as we were working, I didn't test it. The coffee was abysmal, and you had to order and pay for proper espresso. A capuccino was $8!

The "free food" was of course like "free postage", we paid £2000 or was it €2000 plus VAT for ours. LBMA members get it for only £/$1300.

The headline "As Physical Silver Demand Soars, Bullion Dealers Offer Huge Buy-Back Premiums" is rather shouty. Most bullion dealers, investors, and stackers, including TSF members know that demand for coins and small bars has been running high now for about 3 years. I seem to remember writing sommething about it only a few days ago. Nicky Shiels would have known if she had bothered to read it, but it may have spoilt a good story.

Of course, I could have answered your question in one word:

"No"!

😎

 

23 minutes ago, ArgentSmith said:

Disconnect between COMEX spot price and physical in both Gold and Silver. In the Soviet Union prices were controlled by experts who knew better than the market. Whenever prices are controlled or fixed shortages result. Bullion behaving like soviet sausages, good price but try buying.

"soviet sausages"

How do they taste?

😎

[ArgentSmith]

6 minutes ago, LawrenceChard said:

How do they taste?

 

Very few people got to find out 🤓

[LawrenceChard]

16 minutes ago, ArgentSmith said:

Very few people got to find out 🤓

Are you sure, or did they not survive long enough to report on them?

😎

[Petra]

40 minutes ago, ArgentSmith said:

Very few people got to find out 🤓

Bit like sawdust 🫢

[Stu]

On 25/10/2022 at 21:32, Paul said:

I've sold over 3000oz of silver through feebay being greedy taking profits, in past six months now. No shortage or buyers and constant sales every day

I'm moving into 100% gold. Sick of waiting to go to the moon since 2007

if I take a position in silver again, I'll do it through bullionvault 

Hi Paul. I know you are a very experienced eBay seller however I am interested to know if you have had any issues with buyers claiming goods not received etc with selling that amount? Also have you been selling individual coins?

I am possibly going to be parting with a few oz shortly to fund a car purchase however I think I will stick with the forum.