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The spot price of silver is now understandably irrelevant it seems. There's an insatiable demand for what little there is in the retail world. Try finding a kilo just now. Ounces of bog standard generic bullion appear to be going for $40 an ounce on Trademe (current spot price in NZD is just $24). I see 1kg bars are now being listed for 100 per cent above spot price. For premium bullion the prices are much higher.
A monster box for Eagles now goes for over $23,000 at this retailer:
https://www.buybullion.nz/product/1-...n-monster-box/
I hope silver sellers and owners do really well over the next little while.
Scott Minerd, a guy who manages $275B USD, said silver is his conviction trade just two months ago.
https://www.youtube.com/watch?v=VB3_oOxVqdk
I wonder if this is silver's time to shine?
Last edited by Bobdn; 28-03-2020 at 03:13 PM.
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