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Friday, November 14, 2014

US Mint to resume allocated Silver Eagle sales on Monday

The markup is $2 over spot, plus whatever the dealer wants to charge you. In other words, it will be the last time you will get physical silver Eagles under $19.

This sell-off, like everything else on Wall Street, is just another paper sale farce.

When Apple, (now $800) was under $400, you heard the same nonsense--You hear it in Twitter under $40, you heard it two months ago when Whole Foods was $38.

And yesterday, you saw the folly of Wall Street, whereby P&G sold Duracell to Warren Buffett--as cash flow boring business, that the nitwits on Wall Street don't want.

As for me, I'm buying some physical silver , as I have been advertising with spot around $16.

12 comments :

Anonymous said...

I'm new to buying silver. There are many different types of 'strikes'. Proof, bullion, burnished, etc. What kind did you get? Thank you. Been looking at your site for years.

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