Gold and Silver are Taking Off.

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24

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  • logger7
    logger7 Posts: 9,867 ✭✭✭✭✭
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    We could be over $2K gold by morning and $30 silver by end of week. People want melt and and not so much numismatics. I've been there during another hayday, trying to stack hundreds and hundreds of ounces of gold and silver with a good share of platinum and palladium to boot. Glad I am not riding this loony roller coaster anymore.

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    @Justacommeman said:

    @Smudge said:
    This is moving too fast for my comfort.

    I hold a decent amount of gold and silver and I can tell you when it falls it does so with even more velocity. But, maybe it I’ll be different this time o:)

    m

    Just as sure as Homicide Hunter trotted a 1:48 and 4 raw power mile ... I feel the upward velocity of Gold and Silver!! ... Sure it might take a breather ... but hopefully it's going to set an all time new high.

  • WQuarterFreddie
    WQuarterFreddie Posts: 3,305 ✭✭✭✭✭
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    Wow! What a difference an hour makes! Last night the tide turned seemingly for no reason!

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    @PCGSFreddie said:
    Wow! What a difference an hour makes! Last night the tide turned seemingly for no reason!

    I'm thinking a sell off at $26.12 dropped it.
    Hopefully very soon it takes off again.
    Gold the same way.

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    Moving back up nicely.

    I can see my new coin already.

  • ReadyFireAim
    ReadyFireAim Posts: 1,860 ✭✭✭✭✭
    edited July 28, 2020 5:29PM
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    @Tomthecoinguy As PM prices go up, the wealth will start to shift from the people that held dollars to the people that held PMs. With more wealth in the hands of people interested in rare coins, it will help even collector coins.

    Agree...
    Saints priced over 1.5 spot haven't moved yet.
    Still buying like normal.

    My Saint Set

  • roadrunner
    roadrunner Posts: 28,374 ✭✭✭✭✭
    edited July 28, 2020 5:39PM
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    @streeter said:
    My observation is that when the GSR starts to fall...you have a VERY LIMITED amount of time to flip to gold.

    Look back beyond recent history. The GSR corrections that began from the 2004 and 2008 peaks took 3 yrs to complete. And those corrections followed relatively short 2-3 yr rises. GSR just completed and incredible 9 yr rally from 2011-2020. it's going to take at least 3 yrs to bottom out GSR from here....and probably more like 4.5-5.5 yrs. We're only 3 months into this current GSR drop. And a LONG ways to go for stackers. Way too early to shift your ratio of gold to silver....to more gold. When GSR gets into the 50's or 40's then it might be a consideration. The 2011 GSR correction ended at 31. The one back in 1980 ended at 16. I'd say something between 15 to 45 would fit this time around.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • tincup
    tincup Posts: 5,481 ✭✭✭✭✭
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    Let me recheck my tea leaves and chicken bones.....

    ----- kj
  • Paradisefound
    Paradisefound Posts: 8,623 ✭✭✭✭✭
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    Bad news because I don't have blocks to unload :/

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
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    looks to be a strong bull market now, gold was down 9 dollars just 30 minutes ago, now it's up 3.50, buyers are stepping in to buy on any type of sell off

  • alexerca
    alexerca Posts: 279 ✭✭✭
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    @Tomthecoinguy said:

    @jmlanzaf said:
    It's really not good news. But, hey, if things get bad enough, maybe you can buy some coins cheap

    I agree that if things get bad, the PM will continue to climb. It may not mean buying opportunities in rare coins though. Because of the nature of coins many coin collectors also have precious metals. As PM prices go up, the wealth will start to shift from the people that held dollars to the people that held PMs. With more wealth in the hands of people interested in rare coins, it will help even collector coins.

    I just bought two 55 ddo with money I made selling cheap gold! Point well taken! Neither one cost me a nickel only time and I'm retired !

  • Along
    Along Posts: 474 ✭✭✭✭
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    Goldman Sachs raised its 1 year forecast for gold to $2,300.

  • YQQ
    YQQ Posts: 3,460 ✭✭✭✭✭
    edited July 29, 2020 8:33AM
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    what really does it matter?
    it is what it is.
    I watched silver now for several years closely and came to the following 2 conclusion:
    1 The oriental market which opens hours before the US market sets the tone which is most often UP because solid
    and substantial buy orders make it go up. It will not take a lot to clear 5K a day or more.
    Then the US market opens and... you guessed it: it drops because the manipulators in the orient cover their short
    position by selling what they bought an hour ago. They do it all without physically investing a cent and all within
    hours or even minutes. Sometimes even before the accounting is done. They buy large quantities through
    many different accounts and exchanges that one can only guess. Do the math yourself. It's just a Money game for
    many orientals. The key like in all investments is the return in % within the shortest possible time.

    2 The bullion market gets stoked and energized whenever the US Pres, or even another well known head of state in
    the western world has a slight cough. or forgets what reality is by making some unexplainable statement. The
    world does not believe them and investors run for cover.
    The buyer / players in #1 win every time. If bullion goes higher than their buy because of the "cough", they bear it
    off with profit, usually as soon as the US markets open... and they do it all over again the next day, and the next
    day and the next day. Do the math: 100K Oz and you make 10 cent each. Oz. :)
    Just do not get greedy...
    forget to say: Silver is the better deal because your money or your credit (shorts) buys more units.

    Today is the first day of the rest of my life
  • Unknown
    Unknown
    edited July 29, 2020 8:58AM
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    This content has been removed.
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    Gold $1981.66 up $19.98 right now.
    Silver $24.37 up $0.81 right now.

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    Right now.
    Gold $2028.32 up $47.09
    Silver $25.07 up 1.64

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    I'm waiting for the boosters to kick in.

  • TennesseeDave
    TennesseeDave Posts: 4,916 ✭✭✭✭✭
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    Silver $26.10
    Gold $2023.20
    as this was typed.

    Trade $'s
  • HashTag
    HashTag Posts: 374 ✭✭✭✭
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    Isn’t there a forum here dedicated to “Precious Metals”? I lm here to read and learn about “U.S. Coins Forum”. Or should we start discussing New York stock exchange and post pics of our 401K?

    https://www.pcgs.com/setregistry/collectors-showcase/date-sets/hashtags-prefect-coin-grading-service-1879/album/7621

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 5, 2020 4:52PM
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    :)

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 5, 2020 4:56AM
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    I personally think Gold and Silver is still low.

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 5, 2020 4:57AM
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    Enjoy!

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 5, 2020 4:57AM
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    :)

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    Gold $2046.83 up $33.45
    Silver $27.01 up $1.07
    Right now.

  • topstuf
    topstuf Posts: 14,803 ✭✭✭✭✭
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    I consider the ratio of gold to silver to mean nothing.
    Apples to oranges. That's the ticket.

  • Along
    Along Posts: 474 ✭✭✭✭
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    If silver is poor mans gold then what is copper?

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    A hobos nickel

    Now riding the swell in PM's and surf.
  • PerryHall
    PerryHall Posts: 47,757 ✭✭✭✭✭
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    @Along said:
    If silver is poor mans gold then what is copper?

    Copper is a poor man's silver. ;)
    Actually, silver is NOT a poor man's gold. They are two totally different metals.

    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

  • Crypto
    Crypto Posts: 4,098 ✭✭✭✭✭
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    @PerryHall said:

    @Along said:
    If silver is poor mans gold then what is copper?

    Copper is a poor man's silver. ;)
    Actually, silver is NOT a poor man's gold. They are two totally different metals.

    How is copper not a totally different metal? ;)

    11.5$ Southern Dollars, The little “Big Easy” set

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    Gold $2072.16 up $28.12
    Silver $28.99 up $2.08
    Right now.

  • SimpleCollector
    SimpleCollector Posts: 536 ✭✭✭✭✭
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    Wow, just saw silver...

  • Kudbegud
    Kudbegud Posts: 4,735 ✭✭✭✭✭
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    Ag, Au, Pt, Pl all up at the close


  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    1964s


  • abcde12345
    abcde12345 Posts: 3,404 ✭✭✭✭✭
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    @Jimnight said:
    :)

    :/

  • coinhack
    coinhack Posts: 1,226 ✭✭✭✭✭
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    @Along said:
    If silver is poor mans gold then what is copper?

    Fool's gold? ;)

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
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    my last gold purchase was a week ago, the coin already appreciated by 10 percent

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    @coinpalice said:
    my last gold purchase was a week ago, the coin already appreciated by 10 percent

    Excellent ... Enjoy the ride ... l thinks it's going to be a wild one.

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    @abcde12345 said:

    @Jimnight said:
    :)

    :/

    :)

  • WQuarterFreddie
    WQuarterFreddie Posts: 3,305 ✭✭✭✭✭
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    Silver up over $29 mark!

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
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    @WQuarterFreddie said:
    Silver up over $29 mark!

    I'm buckled in.

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 6, 2020 5:07PM
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    Silver $29.90 up $2.99
    Right now.

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
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    some idiot is selling silver proof sets below spot
    https://www.ebay.com/itm/2003-U-S-Silver-Proof-Set/313174553750?epid=170487360&hash=item48eaa87496:g:V-QAAOSwx8xfLD4O

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
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    did someone on here just buy it? it sold like a minute after i posted

  • LanceNewmanOCC
    LanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
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    keep checking for coins. when bullion runs, coins get flushed out!

    saw a lot of stuff this past week i would not have normally saw.

    go turn over rocks everyone and report back some interesting finds.

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

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