"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Jeez you guys 🙄
You're like the athletes who celebrate the win so hard, they get drunk and give each other head butt concussions. We're all thrilled that metals are finally up, yay!
Now we got to fight about who's more thrilled and who called it wrongly the most times before?
I'm not quite thrilled yet.
I called it wrong more times than I called it right.
But, a troll must be fed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
GSR (and the USDX) have been tanking like crazy. GSR just this past week from mid-80's to low 80's to high 70's....and now to 76. Making a direct line to the 45-65 target range. This charting stuff is easy. And look at that "Bookstore" go.....LOL. Sure doesn't look like much of a "bookstore" these days.
All the way back down to $22.36. Weeeeeeeeeeeeeeeeeeeeeee!
Much expected smackdown. Lets see if the pumpers can get it back up or if they will be running for the hills.
Yeah, knew it would be beaten down hard when it fell, but didn't think it would swing that wildly overnight! lol...especially on what seems to be no news. Although I see 23.78 right now (overnight low of 22.36 though).
All the way back down to $22.36. Weeeeeeeeeeeeeeeeeeeeeee!
Much expected smackdown. Lets see if the pumpers can get it back up or if they will be running for the hills.
Yeah, knew it would be beaten down hard when it fell, but didn't think it would swing that wildly overnight! lol...especially on what seems to be no news. Although I see 23.78 right now (overnight low of 22.36 though).
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Would you suggest buying SLV or another etf, or ASEs, 90% or rounds?
USLVF or if on Robinhood AGQ (RH does not offer USLVF). This is a perfect example of the volatility that silver offers.
Went with the AGQ @49.40. Not my money, it's the kid's inheritance. LOL
I believe dip is result of profit taking at the magic $2000 number for gold. Nothing else seems to have changed. In fact FED announced yesterday that it's emergency lending facilities that were set to expire Sep 30 have been exteded until Dec. 31.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Would you suggest buying SLV or another etf, or ASEs, 90% or rounds?
USLVF or if on Robinhood AGQ (RH does not offer USLVF). This is a perfect example of the volatility that silver offers.
So stock market stuff.. not PMs (physical metal). You really should keep this PM related lest be chastised by yourself. Lol
You know....youve been a good student. A decade ago you laughed at all the stock market folk who who sat through a "lost decade" and criticized those who said the market was great for trading.
But now, after living though the lost decade in PMs you have extolled the virtues of trading. Well done chap. Youve come a long way and learned a lot. Congrats to derryb . You are welcome.
After all these years you still wanna talk about the people who talk about PMs instead of talking about PMs. LOL
some things never change.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Would you suggest buying SLV or another etf, or ASEs, 90% or rounds?
If going the physical route, I would go with ASE's and name brand bars from a reputable seller, ie APMEX, JMBullion. I would stay away from Ebay unless you are familiar with the seller, many counterfeit bars out there, jmo.
premiums are currently too high for physical unless you expect $30 silver before $20 silver.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
premiums are currently too high for physical unless you expect $30 silver before $20 silver.
Premiums are always too high for physical. That is what typically makes it a terrible investment. Those that want to flip, trade, play the swings should be doing so with paper silver.
Those planning on holding for the long haul physical is good but if you want to avoid premiums and remain somewhat liquid one should focus on 90% junk.
@derryb said:
premiums are currently too high for physical unless you expect $30 silver before $20 silver.
Premiums are always too high for physical.
Premiums are only too high (for most buyers) when there is a price run up as we are currently experiencing. People such as yourself who don't understand why there are premiums for physical (over spot) will always believe premiums are too high.
Premiums tells us spot is too low. Premium is what a Mercedes buyer pays when he choose not to buy the Toyota.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Current premiums tell us hype is too high. There's as much physical silver for sale as there ever is (just look at eBay 1,000,000+ silver listings alone) and it's not exactly flying off the shelf. Once it does then you know we are in bubble territory.
And PS, silver will never be a Mercedes, it will always be the Toyota, perhaps even a Hyundai or Nissan. Rgds
Just started looking at prices and I agree that premiums are silly. Factoring in premiums makes a historical poor investment look even worse. But I do love looking at it, I just won’t be getting more for a while.
@blitzdude said:
Current premiums tell us hype is too high. There's as much physical silver for sale as there ever is (just look at eBay 1,000,000+ silver listings alone) and it's not exactly flying off the shelf. Once it does then you know we are in bubble territory.
And PS, silver will never be a Mercedes, it will always be the Toyota, perhaps even a Hyundai or Nissan. Rgds
ASEs are a mercedes, 90% junk is a Toyota.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I noticed the same at my shop. I stopped in yesterday just for fun and to shoot the sheet thinking maybe I'b buy a couple ounces. Premiums went to $5 over for ASE's and about $4 for generic. No thanks...
@numismapiddler said:
I'm saying:
January 1, 2021 Silver Spot -
Without vaccine: $50
With vaccine: $15
and the price of silver if a vaccine makes things worse because it was rushed through trials?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Talked to my friend who works at a major supplier that just finished a 100+ hr week saying its craziest he's ever seen it, both buying and selling. Multi-week delays from wholesalers even on relatively slower movers like large bars. Looks like supply side losing right now. Other dealers like JMBullion noting delays and an AP like apmex re-instituting minimums amid heavy recent activity.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
At Apmex, for ASEs, you have to buy 2 Monster boxes to get it for spot +$10 and they're backordered. Hard to believe dealers are overstocked at spot +$5 or whatever.
So regardless of spot the play is on eagles and premiums anyway yea? Some proof 69 are getting 75 (lmao!) there are some $100 panda.. $30-$32 generics.. Ebay is going wild. Who cares what spot does if Ebay is performing like this. I just got two mixed NGC cases of MS and PF 69 or gem unc. I sell a third and the rest are free. I bought some 4-coin proof lots and walked out with 3 free per listing.
Please dont drag me by the ankles with iron chains. But I think things are going to explode regardless of spot tickers.
@numismapiddler said:
I'm saying:
January 1, 2021 Silver Spot -
Without vaccine: $50
With vaccine: $15
Nothing to do with vaccine, IMO.
Tied to election. Biden wins gold and silver will continue to move up. Trump wins, metals will fall. If you think this virus will even be in the news mid-November, regardless of who wins, you’re very naive.
@numismapiddler said:
I'm saying:
January 1, 2021 Silver Spot -
Without vaccine: $50
With vaccine: $15
Nothing to do with vaccine, IMO.
Tied to election. Biden wins gold and silver will continue to move up. Trump wins, metals will fall. If you think this virus will even be in the news mid-November, regardless of who wins, you’re very naive.
Both political parties enjoy spending money so the election results won't stop the deficit spending.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@numismapiddler said:
I'm saying:
January 1, 2021 Silver Spot -
Without vaccine: $50
With vaccine: $15
Nothing to do with vaccine, IMO.
Tied to election. Biden wins gold and silver will continue to move up. Trump wins, metals will fall. If you think this virus will even be in the news mid-November, regardless of who wins, you’re very naive.
Both political parties enjoy spending money so the election results won't stop the deficit spending.
PM spot prices are responding to dollar printing, not dollar spending.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
ASE Prices on eBay, Auctions are almost all over $30 and rising. The only low prices around 28 (BUY IT NOW) appear to be sellers who don't know better or are trying to hold the price down.
PM premiums are responding to physical supply and demand.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
PM spot prices are responding to dollar printing, not dollar spending.
We do 50-100 orders a day. Well, did, for the past 6 months. We are down to 3 to 10. Orders are from $10-50 not $50 to $500. It seems a very many number of people who are ordering are business addresses and we dont sell business items. We've been seeing a lot more credit cards.
Manual payments like cash and postal money order have dropped off the planet. We still get venmo, cashapp, bitcoin orders. But nothing like a month or three ago. Definitely slower than the end of 2019. This crunch has really only been the past 10-14 days. We almost went 12h without an order for the first time in 18 months.
The last ten days have dragged to a halt. Remember me in March complaining of 6 months straight of 18+ hour days? We did 4 more months of that. It's been black Friday every day since black Friday, until two weeks ago.
The dispensaries and liquor stores here just ground to a halt, too. They're stocked for the first time in months and I'm guessing it's not the supply chain being fixed.
So, I dont know if that's COMPLETELY true. People are definitely slowing down. We thought we were recession proof... well, I knew the truth it just sucks its finally here.
@Wolf359 said:
ASE Prices on eBay, Auctions are almost all over $30 and rising. The only low prices around 28 (BUY IT NOW) appear to be sellers who don't know better or are trying to hold the price down.
Separation from COMEX paper nearly complete.
I bought a bunch of maples today and a fair amt of proofs. Theres entire swaths of items being wiped out I assume by powerbuyers. I'm personally buying 20 30 40 50 items from sellers. I knew I can't be the only one doing this, or the only one with maxed watchlists on multiple accts, it just sucks to finally meet so many more people who just don't give a shh about the numbers and just want the picture.
Some UK coins that weren't hot the other day were pulling 50 bucks each! 25 more bucks than two days ago. Theres random MS morgans pulling $45-$55.
I was holding some pandas at 35 and did 41.02, ruined by a 75. Those keep happening. Someone crushed me on a ton of stuff 3h ago, someone really made me feel small this morning haha.
I am having sub 85 nuclear silver bids kicking back. I'm not normally that stupid but I kept seeing it happen, figured the guy was shilling. Nope. Chased a pf69 random date eagle to 91 today, but really, I just wanted the other guy to pay more.
So, I dont know if that's COMPLETELY true. People are definitely slowing down. We thought we were recession proof... well, I knew the truth it just sucks its finally here.
Could be the realization the $600 UI kicker is ending tomorrow
Yeppers.. I feared for awhile that benefit was the only reason why e-stores with do-at-home stuff have been going wild. Other resellers have mentioned a little slowdown. But during normal times we get them near the end of the month.
I fear not just for coin and metal sellers on Ebay, or Amazon, but for anyone anywhere. Its gonna be every platform and every item and digital good. Artists are about to get hit real hard.
Admittedly, we dont need my wife's unemployment and I've been loving my free government half ounce of gold a week for the past few months, plus what the state gives her that we dont need, so like 1.15 ozt. that I wont be buying every week now that the benefit is over.
@Azurescens said:
Yeppers.. I feared for awhile that benefit was the only reason why e-stores with do-at-home stuff have been going wild. Other resellers have mentioned a little slowdown. But during normal times we get them near the end of the month.
I fear not just for coin and metal sellers on Ebay, or Amazon, but for anyone anywhere. Its gonna be every platform and every item and digital good. Artists are about to get hit real hard.
Admittedly, we dont need my wife's unemployment and I've been loving my free government half ounce of gold a week for the past few months, plus what the state gives her that we dont need, so like 1.15 ozt. that I wont be buying every week now that the benefit is over.
So, I dont know if that's COMPLETELY true. People are definitely slowing down. We thought we were recession proof... well, I knew the truth it just sucks its finally here.
Could be the realization the $600 UI kicker is ending tomorrow
could the next step be forced selling of the purchases?
@Azurescens said:
Yeppers.. I feared for awhile that benefit was the only reason why e-stores with do-at-home stuff have been going wild. Other resellers have mentioned a little slowdown. But during normal times we get them near the end of the month.
I fear not just for coin and metal sellers on Ebay, or Amazon, but for anyone anywhere. Its gonna be every platform and every item and digital good. Artists are about to get hit real hard.
Admittedly, we dont need my wife's unemployment and I've been loving my free government half ounce of gold a week for the past few months, plus what the state gives her that we dont need, so like 1.15 ozt. that I wont be buying every week now that the benefit is over.
Well then, enjoy the welfare check. Semper Fi!!
Yes, I'm very much enjoying being reimbursed for all my tax dollars bailing out faceless corporations and tax-free entities in 08 and again, um, now... and the airlines.. churches.. again soon.
Comments
could, would, should . . . lol
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Jeez you guys 🙄
You're like the athletes who celebrate the win so hard, they get drunk and give each other head butt concussions. We're all thrilled that metals are finally up, yay!
Now we got to fight about who's more thrilled and who called it wrongly the most times before?
Liberty: Parent of Science & Industry
I'm not quite thrilled yet.
I called it wrong more times than I called it right.
But, a troll must be fed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
GSR (and the USDX) have been tanking like crazy. GSR just this past week from mid-80's to low 80's to high 70's....and now to 76. Making a direct line to the 45-65 target range. This charting stuff is easy. And look at that "Bookstore" go.....LOL. Sure doesn't look like much of a "bookstore" these days.
It hit $26.12.
All the way back down to $22.36. Weeeeeeeeeeeeeeeeeeeeeee!
Much expected smackdown. Lets see if the pumpers can get it back up or if they will be running for the hills.
The whole worlds off its rocker, buy Gold™.
Yeah, knew it would be beaten down hard when it fell, but didn't think it would swing that wildly overnight! lol...especially on what seems to be no news. Although I see 23.78 right now (overnight low of 22.36 though).
I'm thinking maybe a sell off at $26.12 brought it down.
Hopefully not for long, though.
It sure needed a pullback. That was a heck of a run.
buy the dip
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Would you suggest buying SLV or another etf, or ASEs, 90% or rounds?
Knowledge is the enemy of fear
USLVF or if on Robinhood AGQ (RH does not offer USLVF). This is a perfect example of the volatility that silver offers.
Went with the AGQ @49.40. Not my money, it's the kid's inheritance. LOL
I believe dip is result of profit taking at the magic $2000 number for gold. Nothing else seems to have changed. In fact FED announced yesterday that it's emergency lending facilities that were set to expire Sep 30 have been exteded until Dec. 31.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So stock market stuff.. not PMs (physical metal). You really should keep this PM related lest be chastised by yourself. Lol
You know....youve been a good student. A decade ago you laughed at all the stock market folk who who sat through a "lost decade" and criticized those who said the market was great for trading.
But now, after living though the lost decade in PMs you have extolled the virtues of trading. Well done chap. Youve come a long way and learned a lot. Congrats to derryb
. You are welcome.
Knowledge is the enemy of fear
After all these years you still wanna talk about the people who talk about PMs instead of talking about PMs. LOL
some things never change.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
If going the physical route, I would go with ASE's and name brand bars from a reputable seller, ie APMEX, JMBullion. I would stay away from Ebay unless you are familiar with the seller, many counterfeit bars out there, jmo.
premiums are currently too high for physical unless you expect $30 silver before $20 silver.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Premiums are always too high for physical. That is what typically makes it a terrible investment. Those that want to flip, trade, play the swings should be doing so with paper silver.
Those planning on holding for the long haul physical is good but if you want to avoid premiums and remain somewhat liquid one should focus on 90% junk.
The whole worlds off its rocker, buy Gold™.
Premiums are only too high (for most buyers) when there is a price run up as we are currently experiencing. People such as yourself who don't understand why there are premiums for physical (over spot) will always believe premiums are too high.
Premiums tells us spot is too low. Premium is what a Mercedes buyer pays when he choose not to buy the Toyota.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Current premiums tell us hype is too high. There's as much physical silver for sale as there ever is (just look at eBay 1,000,000+ silver listings alone) and it's not exactly flying off the shelf. Once it does then you know we are in bubble territory.
And PS, silver will never be a Mercedes, it will always be the Toyota, perhaps even a Hyundai or Nissan. Rgds
The whole worlds off its rocker, buy Gold™.
Just started looking at prices and I agree that premiums are silly. Factoring in premiums makes a historical poor investment look even worse. But I do love looking at it, I just won’t be getting more for a while.
I picked up some 90% silver at 17X face yesterday; Apmex was buying at 18X; a local shop, Sloats was paying 15x; on ebay it is selling for 20X.
ASEs are a mercedes, 90% junk is a Toyota.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Got quoted 10% premium on common gold peso restrikes. Silver isn't the only metal for stupid premiums at the moment.
I noticed the dealer cases are full of gold and silver too. Doesn't appear to be flying out the door.
I noticed the same at my shop. I stopped in yesterday just for fun and to shoot the sheet thinking maybe I'b buy a couple ounces. Premiums went to $5 over for ASE's and about $4 for generic. No thanks...
Click on this link to see my ebay listings.
I'm saying:
January 1, 2021 Silver Spot -
Without vaccine: $50
With vaccine: $15
and the price of silver if a vaccine makes things worse because it was rushed through trials?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Liberty: Parent of Science & Industry
I am legend.
Talked to my friend who works at a major supplier that just finished a 100+ hr week saying its craziest he's ever seen it, both buying and selling. Multi-week delays from wholesalers even on relatively slower movers like large bars. Looks like supply side losing right now. Other dealers like JMBullion noting delays and an AP like apmex re-instituting minimums amid heavy recent activity.
$23 Silver?
$26?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
At Apmex, for ASEs, you have to buy 2 Monster boxes to get it for spot +$10 and they're backordered. Hard to believe dealers are overstocked at spot +$5 or whatever.
APMEX is not the only authorized purchaser out there. though some have minimums all the time.
$35 silver for a monster box today is just ridiculous. Spot + $11+, yikes.
Agreed as that seems like a fools errand.
$11 above spot would nearly buy three Extra ounces of silver when I first started purchasing silver!
That must be nice
So regardless of spot the play is on eagles and premiums anyway yea? Some proof 69 are getting 75 (lmao!) there are some $100 panda.. $30-$32 generics.. Ebay is going wild. Who cares what spot does if Ebay is performing like this. I just got two mixed NGC cases of MS and PF 69 or gem unc. I sell a third and the rest are free. I bought some 4-coin proof lots and walked out with 3 free per listing.
Please dont drag me by the ankles with iron chains. But I think things are going to explode regardless of spot tickers.
Nothing to do with vaccine, IMO.
Tied to election. Biden wins gold and silver will continue to move up. Trump wins, metals will fall. If you think this virus will even be in the news mid-November, regardless of who wins, you’re very naive.
BHNC #248 … 130 and counting.
Both political parties enjoy spending money so the election results won't stop the deficit spending.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
True. This one may be a bit different, though.
BHNC #248 … 130 and counting.
PM spot prices are responding to dollar printing, not dollar spending.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
ASE Prices on eBay, Auctions are almost all over $30 and rising. The only low prices around 28 (BUY IT NOW) appear to be sellers who don't know better or are trying to hold the price down.
Separation from COMEX paper nearly complete.
Free Trial
PM premiums are responding to physical supply and demand.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
We do 50-100 orders a day. Well, did, for the past 6 months. We are down to 3 to 10. Orders are from $10-50 not $50 to $500. It seems a very many number of people who are ordering are business addresses and we dont sell business items. We've been seeing a lot more credit cards.
Manual payments like cash and postal money order have dropped off the planet. We still get venmo, cashapp, bitcoin orders. But nothing like a month or three ago. Definitely slower than the end of 2019. This crunch has really only been the past 10-14 days. We almost went 12h without an order for the first time in 18 months.
The last ten days have dragged to a halt. Remember me in March complaining of 6 months straight of 18+ hour days? We did 4 more months of that. It's been black Friday every day since black Friday, until two weeks ago.
The dispensaries and liquor stores here just ground to a halt, too. They're stocked for the first time in months and I'm guessing it's not the supply chain being fixed.
So, I dont know if that's COMPLETELY true. People are definitely slowing down. We thought we were recession proof... well, I knew the truth it just sucks its finally here.
I bought a bunch of maples today and a fair amt of proofs. Theres entire swaths of items being wiped out I assume by powerbuyers. I'm personally buying 20 30 40 50 items from sellers. I knew I can't be the only one doing this, or the only one with maxed watchlists on multiple accts, it just sucks to finally meet so many more people who just don't give a shh about the numbers and just want the picture.
Some UK coins that weren't hot the other day were pulling 50 bucks each! 25 more bucks than two days ago. Theres random MS morgans pulling $45-$55.
I was holding some pandas at 35 and did 41.02, ruined by a 75. Those keep happening. Someone crushed me on a ton of stuff 3h ago, someone really made me feel small this morning haha.
I am having sub 85 nuclear silver bids kicking back. I'm not normally that stupid but I kept seeing it happen, figured the guy was shilling. Nope. Chased a pf69 random date eagle to 91 today, but really, I just wanted the other guy to pay more.
Could be the realization the $600 UI kicker is ending tomorrow
Yeppers.. I feared for awhile that benefit was the only reason why e-stores with do-at-home stuff have been going wild. Other resellers have mentioned a little slowdown. But during normal times we get them near the end of the month.
I fear not just for coin and metal sellers on Ebay, or Amazon, but for anyone anywhere. Its gonna be every platform and every item and digital good. Artists are about to get hit real hard.
Admittedly, we dont need my wife's unemployment and I've been loving my free government half ounce of gold a week for the past few months, plus what the state gives her that we dont need, so like 1.15 ozt. that I wont be buying every week now that the benefit is over.
Well then, enjoy the welfare check. Semper Fi!!
The whole worlds off its rocker, buy Gold™.
could the next step be forced selling of the purchases?
Yes, I'm very much enjoying being reimbursed for all my tax dollars bailing out faceless corporations and tax-free entities in 08 and again, um, now... and the airlines.. churches.. again soon.