About Ray's Silver
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Stacking Silver
I'm an avid silver and gold collector and amateur coin seller/buyer, I own a flower shop (yes, you heard right, a flower shop) and silver and gold has grown from a side gig to a 2nd business. I have been buying silver coins, rounds, and bars for several years now as a hedge against inflation and part of my retirement plan. But with silver and gold prices increasing and the high premiums being charged on silver these days the only way to buy silver rounds or bars is to buy in large amounts. In most cases 500 ounces or more. And of course, being an individual investor/collector, I really don't need 500 ounces of silver at a time so I'll keep a 100 or so ounces and sell the rest to like-minded investors/collectors like you at a price slightly more then I paid but better then you can find online. Unless you want to buy 500 ounces at a time also.
I'm currently selling silver coins, rounds and bars at (Silver spot (Ask) price plus a small premium). I have a "ticker Bar" below showing silver and other precious metal spot prices. So, to find my current price for any of my coins, rounds or bars use the silver spot price and add the (plus) amount I have listed on the item, and you will get the current price. For example, if silver spot is $28.00 and my (plus) for an item is $2.00 you come up with $30.00. That would be the current price for that item.
If you have any questions on prices of the items listed below or wish to purchase silver that I have listed on this page, please contact me at 432-553-3123.
I accept cash, or payments made with CashApp, Venmo, Paypal, Zelle, and credit cards. There is a 3% fee added when using credit cards.
I also buy silver and gold coins and bullion so if you have any silver or gold rounds, bars or coins you want to sell let me know. I pay based on what the large Wholesalers are paying for 2nd Market Silver and Gold and will always give you the best price I can.
Also, if you have some rare or unusual gold or silver coins, I know a local Dealer that has always dealt fair with me, and I will gladly get you in touch with him.
New Items
Silver News
Gold Surges to Record High Amid Fed Rate Cut and Middle East Tensions
By Gary Wagner
Published:Sep 20, 2024 - 5:50 PMUpdated:Sep 20, 2024 - 5:57 PM
Kitco CommentariesOpinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
In a remarkable display of market dynamics, gold prices have soared to unprecedented levels, setting a new record high and closing price. This surge is attributed to a perfect storm of economic and geopolitical factors, primarily driven by the Federal Reserve's recent monetary policy shift and escalating tensions in the Middle East.
The Federal Reserve's decision to embark on its first interest rate cut since 2020 has sent ripples through the financial markets. In a bold move, the central bank slashed rates by 50 basis points, bringing the Fed funds rate to a range of 4.75% to 5%. This aggressive cut marks the beginning of what the Fed calls "interest rate normalization," with the ultimate goal of achieving a benchmark rate between 3% and 3.5% by 2025.
Market participants are closely monitoring the Fed's trajectory, with the CME's FedWatch tool providing insights into future rate expectations. For the November Open Market Committee meeting, there's a near-even split in probability between another 50-basis point cut (50.3%) and a more modest 25-basis point reduction (49.7%). Looking ahead to December, the tool suggests a 26.3% chance of rates settling between 4.25% and 4.5%, a 50% likelihood of rates dropping to 4% - 4.25%, and a 23.7% probability of rates falling as low as 3.75% - 4%.
Providing additional lift to gold's ascent are the heightening geopolitical tensions in the Middle East. The White House has expressed deep concern over the situation, particularly regarding the escalating conflict between Israel and Hezbollah. White House spokesperson Karine Jean-Pierre articulated this apprehension, stating, "We are concerned about the tension, and afraid, and concerned about potential escalation.”
The confluence of these economic and geopolitical factors has propelled gold to new heights. In just two weeks, gold futures have gained an impressive $120, with over half of that increase occurring in the last two days alone. As of 5:15 EDT, the most active contract month, December gold, was trading at $2,647.10, representing a substantial daily gain of $40.90.
This remarkable surge underscores gold's role as a safe-haven asset during times of economic uncertainty and geopolitical strife. The precious metal's performance reflects investors' growing appetite for stability amidst a landscape of changing monetary policy and international tensions.
As the Federal Reserve continues its rate normalization process and global events unfold, market observers will be keenly watching gold's trajectory. The interplay between monetary policy, geopolitical developments, and investor sentiment promises to keep the gold market dynamic and potentially volatile in the coming months.
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