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On August 13, 2008 silver was $14.85

opportunityopportunity Posts: 1,057 ✭✭✭✭
edited August 13, 2018 6:26PM in U.S. Coin Forum

2 days later, it dropped to $12.90 and then $8.91 by the end of October, 2008.

Early American Copper, Bust and Seated.

Comments

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Except on Ebay where bullion maintained a much higher price.

  • opportunityopportunity Posts: 1,057 ✭✭✭✭

    I've never understood Ebay bullion prices. People are currently bidding 90% silver up to 13x face value. My local brick and mortar was selling 90% silver at 9.5x face value this afternoon.

    Early American Copper, Bust and Seated.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Sounds like you are missing an "Opportunity"

  • chumleychumley Posts: 2,305 ✭✭✭✭

    stopped at a gun and coin shop on my way home today......he was buying 90% at 6x and selling it at 10x

  • opportunityopportunity Posts: 1,057 ✭✭✭✭

    @chumley said:
    stopped at a gun and coin shop on my way home today......he was buying 90% at 6x and selling it at 10x

    6x face value is borderline crooked, but to be honest, I wouldn't pay much more than that in this current environment.

    Early American Copper, Bust and Seated.

  • from_here_to_brazilfrom_here_to_brazil Posts: 18 ✭✭
    edited August 13, 2018 6:47PM

    There is absolutely no love for gold and silver right now. In 2008 many rushed to the dollar for safety (and hurting precious metals), they won't be doing that this time around.

  • tommy44tommy44 Posts: 2,308 ✭✭✭✭✭

    @opportunity said:
    2 days later, it dropped to $12.90 and then $8.91 by the end of October, 2008.

    .....and in April of 2011 it hit 48.54.

    it's crackers to slip a rozzer the dropsy in snide

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Well, hope for the best, expect the worst !!! :s

    Timbuk3
  • FullStrikeFullStrike Posts: 4,353 ✭✭✭

    In all of this Metals Mania , Rhodium is solid as a Rock. I would buy a sample... .... but as soon as I did. I know it would fall off a Cliff.

    Thats just how my game always rolls.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Precious metals are presently dipping.... they will rise again.... Watching the charts daily (or even weekly) will drive new participants crazy.....just relax... buy low, sell high...hold some. Cheers, RickO

  • ashelandasheland Posts: 23,576 ✭✭✭✭✭

    I remember in early 2009 when spot was at $9. You couldn't touch it at the FUN show for under $15

  • johnny9434johnny9434 Posts: 28,960 ✭✭✭✭✭

    @opportunity said:

    @chumley said:
    stopped at a gun and coin shop on my way home today......he was buying 90% at 6x and selling it at 10x

    6x face value is borderline crooked, but to be honest, I wouldn't pay much more than that in this current environment.

    i see ebay and a few others did not budge to much on the prices. will shop around

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