Carolinian
TUG Member
Other than one small purchase as a gift, most of ours was bought far below the current price level. The highest we have paid was a few thousand dollars worth at around $71 in December through a national bullion company at spot with no premium. Very recently I bought some more locally at spot from someone else in the precious metals community. I had bought some foreign gold from him before and got an email offering Morgan silver dollars, US silver eagles, and Canadian silver maple leafs as a group at spot. Since I prefer monetary coins, I would love to have bought just the Morgans, which were about half the value of the deal, but had to take all of it to get the Morgans. When we did the transaction, he told me he needed more money for the car they were going to buy their son than what they anticipated and that he had sent our five emails to local people. All five of us wanted the deal, but I was the first to respond, so we got it. I am still looking out for deals during the dip.
With silver being designated a critical mineral by many governments to stockpile, a mine supply deficit ongoing for five years and accelerating, and increasing industrial demand for silver, the fundamentals still look very good over the long haul.
