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Anyone else notice the price of silver right now?
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<p>[QUOTE="MrNate, post: 3581234, member: 5515"]I’m definitely interested to see what happens in the market. There’s already reports that some silver distributors are notifying buyers of a backlog on physical delivery of bullion. I think it’s very likely the silver entrepreneurs will start seeking sterling in secondary markets (eBay etc) as they try to exploit arbitrage of a rising metal price. I am still skeptical on the size and duration of a spike, but I think it will happen... Looking beyond silver, the entire precious metals market took an upward ride today. </p><p><br /></p><p>My personal take: institutional investors in the market are super concerned of a price bubble triggered by GME/AMC shenanigans and they’re starting a slow hedge of stock market investments. Inflation due to all the COVID relief money will exacerbate that fear I think. My strategy for current items for sale is simple: increase my prices to a spot price I’m happy to accept and either enjoy the added profit on the upward ride or keep my stuff priced out of the market until the volatility calms down. Either way it’s a win in my book...[/QUOTE]</p><p><br /></p>
[QUOTE="MrNate, post: 3581234, member: 5515"]I’m definitely interested to see what happens in the market. There’s already reports that some silver distributors are notifying buyers of a backlog on physical delivery of bullion. I think it’s very likely the silver entrepreneurs will start seeking sterling in secondary markets (eBay etc) as they try to exploit arbitrage of a rising metal price. I am still skeptical on the size and duration of a spike, but I think it will happen... Looking beyond silver, the entire precious metals market took an upward ride today. My personal take: institutional investors in the market are super concerned of a price bubble triggered by GME/AMC shenanigans and they’re starting a slow hedge of stock market investments. Inflation due to all the COVID relief money will exacerbate that fear I think. My strategy for current items for sale is simple: increase my prices to a spot price I’m happy to accept and either enjoy the added profit on the upward ride or keep my stuff priced out of the market until the volatility calms down. Either way it’s a win in my book...[/QUOTE]
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