My 1st Million At 33 - yes, you can do it too

What a surprise! Or maybe not. I called up a local coin store. They had really good price. But they don’t have ANY silver coins available. Except the really big dealers like monex.com, I couldn’t get the silver coins that I wanted.

The store owner told me that silver coins have been in short supply for several months already. They have zero inventory. And even gold coins are first-come-first-serve basis. I asked the owner when I can call back to get my hands on what I want. And I was told that he does not know possibly when he will have anything for me.

Another thing that I’ve noticed is that Kitco’s silver prices are SO MUCH higher now. The premium over spot if I remember correctly didn’t use to be this high. Their silver coin prices are “no longer competitive”, well, that is assuming that you can find a piece of it. Kitco’s price is about 5% higher (or about $1 higher per silver eagle coin). That’s simply ridiculuously high.

I don’t know what’s wrong out there. But apparently there is some physical shortage. I’m guessing that all the smart money is buying ahead of the upcoming big wave of Fed interest rate cuts. I’m still watching, but I’m quite tempted to just jump into the market based on what I’ve heard from this store owner.