Yeah, I went to the flea market dealer this past weekend and caught him off guard, had silver sets and stuff priced at 14-15x face, bought it all and ran it to the refinery last night.
I agree with the flushing out as I appreciate finding things that I normally would not see in Silver that will end up staying with me for a very long time.
Thank you to those on the BST that are feeding my habit!
Thanks for the light bulb. I've got a box of Proof Sets I'm buried in because I forgot about them when I bought them in a big collection! They sat for over a year...in that time the prices tanked. Maybe, just Maybe the silver sets will make me somewhat whole...other than the 99!
@jdimmick said:
Yeah, I went to the flea market dealer this past weekend and caught him off guard, had silver sets and stuff priced at 14-15x face, bought it all and ran it to the refinery last night.
@DCW said:
Gold down $37 this morning. Silver down a buck. What gives?
Profit taking after a big run up. It's to be expected.
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
I was buying it up like a madman when it was low and when it dropped to 12 bucks. Now I’m happy as a clam that I did. I’m about doubling my money at this point. But! At the same time not happy about the decline of the dollar.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
@ccmorgan said:
Silver down $2.50
Gold down $91
So far today
It’ll more than likely exceed 35 an ounce in no time at all. The economy is in the toilet and it’s an election year. I’m not even worried about it. Look at what it’s done recently. Nothing has changed to make it drop. What’s happening is people are selling of large volumes and others are sucking it up.
It will continue to go up until it has GOOD reason to go down. So far NO good reason for it to drop.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
Yes to be expected. As mentioned earlier the velocity of the fall always seems greater then the rise. Maybe it will simmer for awhile and regain its footing. When PM’s poop the bed it always reminds me of the French Card Racing game Mille Bornes. There was a “flat tire” card that you did not want to get. Creve! We used to run around as kids and shout “La Creve!” at any miscue in everyday life . Making at out at baseball, falling off your skate board, skinning your knee.
On days like this I still shout “ La Creve!” which isn’t proper but still works
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
@ccmorgan said:
Silver down $2.50
Gold down $91
So far today
It’ll more than likely exceed 35 an ounce in no time at all. The economy is in the toilet and it’s an election year. I’m not even worried about it. Look at what it’s done recently. Nothing has changed to make it drop. What’s happening is people are selling of large volumes and others are sucking it up.
It will continue to go up until it has GOOD reason to go down. So far NO good reason for it to drop.
No good reason for it to go up last week. What was different last week than the previous month?
It's funny how people always think that drops in price are artificial or manipulated but no one ever suggests that price rises are similarly manipulated.
Yikes. Didn’t expect this big of a drop in ONE day. Was hoping for a pullback because it can’t just keep going up every day. It can’t seem to find a bottom now though lol
@coinpalice said:
it's kind of funny how no sellers on e bay dropped their prices on silver or gold
I'm guessing they're not selling much. Maybe they're waiting for the dead cat bounce.
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
I've noticed more of those "we buy gold" ads on TV lately, so that's a sign that it will drop for sure!
Seriously though, did anyone here truly sell their gold or silver when it hit that high last week? Or is just more pondering like "ah yes, this was expected, need to buy more".
I believe we are entering a new age of gold prices. The hundreds once gave way to the thousands. Now, the thousands is giving way to the two thousands. I think $2200 will be where it eventually settles, and we may never see $1999 or below ever again.
@Goldenage said:
I believe we are entering a new age of gold prices. The hundreds once gave way to the thousands. Now, the thousands is giving way to the two thousands. I think $2200 will be where it eventually settles, and we may never see $1999 or below ever again.
@ElmerFusterpuck said:
I've noticed more of those "we buy gold" ads on TV lately, so that's a sign that it will drop for sure!
Seriously though, did anyone here truly sell their gold or silver when it hit that high last week? Or is just more pondering like "ah yes, this was expected, need to buy more".
Actually yes. I had a modern gold commem listed on eBay somewhat above market waiting for spot to catch up. It finally did. Also sold a set of 1930s Sterling silver flatware last week that had been listed for a couple months.
Granted, I didn't liquidate everything, but I'm not sure precious metals are done going up, either.
With the national debt approaching 30 TRILLION I think gold and silver will hold and increase especially if congress passes another debt...I mean stimulus bill.
Comments
Yeah, I went to the flea market dealer this past weekend and caught him off guard, had silver sets and stuff priced at 14-15x face, bought it all and ran it to the refinery last night.
I think it’s time for icons that represent “really like” and “much agree” or maybe OMG
I agree with the flushing out as I appreciate finding things that I normally would not see in Silver that will end up staying with me for a very long time.
Thank you to those on the BST that are feeding my habit!
Thanks for the light bulb. I've got a box of Proof Sets I'm buried in because I forgot about them when I bought them in a big collection! They sat for over a year...in that time the prices tanked. Maybe, just Maybe the silver sets will make me somewhat whole...other than the 99!
it's really nice seeing the shorts getting burned lately during trading hours, they kept the prices of silver and gold down successfully for years
Gold down $37 this morning. Silver down a buck. What gives?
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
Profit taking after a big run up. It's to be expected.
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
Without reading all these replies why is silver/gold jumping now vs when this covid crap started?
Did the short sellers run out of money?
My Saint Set
Federal Reserve, gov't handouts, new momentum Robinhood gamblers would be a good place to start
My US Mint Commemorative Medal Set
look at all the dips as a buying opportunity on the way up to 2,500 by Christmas
wheeeeeee........ roller coasters are fun.......
Gold $2042.68 up $13.44
Silver $28.43 up $0.51
Right now.
Buckle up!!
US Dollar weakening
Silver down $2.50
Gold down $91
So far today
Sell off. This is to be expected.
Yeah, well, I expected it last week and that didn't work out so well for me.
I was buying it up like a madman when it was low and when it dropped to 12 bucks. Now I’m happy as a clam that I did. I’m about doubling my money at this point. But! At the same time not happy about the decline of the dollar.
It’ll more than likely exceed 35 an ounce in no time at all. The economy is in the toilet and it’s an election year. I’m not even worried about it. Look at what it’s done recently. Nothing has changed to make it drop. What’s happening is people are selling of large volumes and others are sucking it up.
It will continue to go up until it has GOOD reason to go down. So far NO good reason for it to drop.
Yes to be expected. As mentioned earlier the velocity of the fall always seems greater then the rise. Maybe it will simmer for awhile and regain its footing. When PM’s poop the bed it always reminds me of the French Card Racing game Mille Bornes. There was a “flat tire” card that you did not want to get. Creve! We used to run around as kids and shout “La Creve!” at any miscue in everyday life . Making at out at baseball, falling off your skate board, skinning your knee.
On days like this I still shout “ La Creve!” which isn’t proper but still works
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
This PM's mkt is not for the faint hearted.
No good reason for it to go up last week. What was different last week than the previous month?
It's funny how people always think that drops in price are artificial or manipulated but no one ever suggests that price rises are similarly manipulated.
We found the ceiling. Now where is the floor ?
When melt for a sovereign goes below $400, I will be concerned. I suspect that this is just some profit taking.
Yikes. Didn’t expect this big of a drop in ONE day. Was hoping for a pullback because it can’t just keep going up every day. It can’t seem to find a bottom now though lol
(Referring to silver)
OMG, Gold “crashed” down to $1921. oMG.
La Creve, La Creve.
Under 1900 now
It's the end of the world!
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Anyone else correct the typo in the thread title in their mind every time they see this thread? No? Just me??
it's kind of funny how no sellers on e bay dropped their prices on silver or gold
I hope it goes up and all the cleaned, AT, scratched, or otherwise damaged coins find their way to the smelter.
I'm guessing they're not selling much. Maybe they're waiting for the dead cat bounce.
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
Some did.
Confirmation bias.
I also didn't raise my prices last week when it was going up
Needed healthy consolidation - much expected
Gold $1944.87 up $12.84
Silver $26.02 up $0.52
Right now.
Is you talking about grammar or the pause in upward trajectory?
Don't see a typo ... but found a grammar error.
I've noticed more of those "we buy gold" ads on TV lately, so that's a sign that it will drop for sure!
Seriously though, did anyone here truly sell their gold or silver when it hit that high last week? Or is just more pondering like "ah yes, this was expected, need to buy more".
10-4,
My Instagram picturesErik
My registry sets
I believe we are entering a new age of gold prices. The hundreds once gave way to the thousands. Now, the thousands is giving way to the two thousands. I think $2200 will be where it eventually settles, and we may never see $1999 or below ever again.
Silver has done well many taking profits.
Kitco spot is $1932.50 right now.
Actually yes. I had a modern gold commem listed on eBay somewhat above market waiting for spot to catch up. It finally did. Also sold a set of 1930s Sterling silver flatware last week that had been listed for a couple months.
Granted, I didn't liquidate everything, but I'm not sure precious metals are done going up, either.
With the national debt approaching 30 TRILLION I think gold and silver will hold and increase especially if congress passes another debt...I mean stimulus bill.
Silver .... $27.44 ..... +$1.98 ... regaining some lost ground.
Gold $1966.38 up $21.30
Silver $27.59 up. $1.58
Right now.
Hang on !!!
Gold $1992.84 up $40.84
Silver $27.61 up $1.04
Right now.
I love it! ...how about you?
When is silver going to break $30?
“When is silver going to break $30?“
Soon, grasshopper.
What is a good price to sell junk silver at a brick & mortar coin shop?