Quote:
Originally Posted by vintagetoppsguy
Buy silver. It's at $13.80 an ounce right now, a 5 year low from $48 an ounce in 2011.
It costs somewhere around $9 to $9.50 to refine an ounce of silver. Once silver drops below the cost of refining, the refiners will close their doors (at least temporarily), as they're not going to lose money. This will create a demand (temporarily) and it will skyrocket in value. At that time, sell as refiners will re-open their doors to meet demand.
You heard it here first.
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Mind blown ! But what makes you think it will drop that low . I've been scooping it up when I can get a good deal . But I just figured it was another collectors issue I was having . So I tried to only buy bullion cause I knew if I bought coins I would look for scarcity.
Guess what I found a guy that sell me junk silver for the weight at 14.00 Oz . I got a problem ! Last time I got a rare walking Liberty 1917 .