Gold and Silver are Taking Off.

Options
13

Comments

  • jdimmick
    jdimmick Posts: 9,992 ✭✭✭✭✭
    Options

    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.

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
    Options

    I think it’s time for icons that represent “really like” and “much agree” or maybe OMG

    Now riding the swell in PM's and surf.
  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
    Options

    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!

    Now riding the swell in PM's and surf.
  • amwldcoin
    amwldcoin Posts: 11,269 ✭✭✭✭✭
    Options

    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.

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
    Options

    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

  • DCW
    DCW Posts: 7,877 ✭✭✭✭✭
    Options

    Gold down $37 this morning. Silver down a buck. What gives?

    Dead Cat Waltz Exonumia
    "Coin collecting for outcasts..."

  • ccmorgan
    ccmorgan Posts: 1,232 ✭✭✭
    Options

    Without reading all these replies why is silver/gold jumping now vs when this covid crap started?

    Love the 1885-CC Morgan
  • ReadyFireAim
    ReadyFireAim Posts: 1,860 ✭✭✭✭✭
    Options

    @ccmorgan said:
    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? :D

    My Saint Set

  • Goldminers
    Goldminers Posts: 4,414 ✭✭✭✭✭
    Options

    @ccmorgan said:
    Without reading all these replies why is silver/gold jumping now vs when this covid crap started?

    Federal Reserve, gov't handouts, new momentum Robinhood gamblers would be a good place to start

    My US Mint Commemorative Medal Set

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
    Options

    look at all the dips as a buying opportunity on the way up to 2,500 by Christmas

  • tincup
    tincup Posts: 5,482 ✭✭✭✭✭
    Options

    wheeeeeee........ roller coasters are fun.......

    ----- kj
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    Options

    Gold $2042.68 up $13.44
    Silver $28.43 up $0.51
    Right now.

    Buckle up!!

  • Along
    Along Posts: 474 ✭✭✭✭
    Options

    @Goldminers said:

    @ccmorgan said:
    Without reading all these replies why is silver/gold jumping now vs when this covid crap started?

    Federal Reserve, gov't handouts, new momentum Robinhood gamblers would be a good place to start

    US Dollar weakening

  • ccmorgan
    ccmorgan Posts: 1,232 ✭✭✭
    Options

    Silver down $2.50
    Gold down $91
    So far today

    Love the 1885-CC Morgan
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 11, 2020 10:32AM
    Options

    Sell off. This is to be expected.

  • jmlanzaf
    jmlanzaf Posts: 43,061 ✭✭✭✭✭
    Options

    @Jimnight said:
    Sell off. This is to be expected.

    Yeah, well, I expected it last week and that didn't work out so well for me. ;)

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • crazyhounddog
    crazyhounddog Posts: 14,252 ✭✭✭✭✭
    Options

    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.
  • crazyhounddog
    crazyhounddog Posts: 14,252 ✭✭✭✭✭
    Options

    @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.
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
    edited August 11, 2020 11:02AM
    Options

    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......
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    Options

    This PM's mkt is not for the faint hearted.

  • jmlanzaf
    jmlanzaf Posts: 43,061 ✭✭✭✭✭
    Options

    @crazyhounddog said:

    @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.

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,223 ✭✭✭✭✭
    Options

    We found the ceiling. Now where is the floor ?

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
    Options

    When melt for a sovereign goes below $400, I will be concerned. I suspect that this is just some profit taking.

  • jclovescoins
    jclovescoins Posts: 2,038 ✭✭✭✭✭
    Options

    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)

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
    Options

    OMG, Gold “crashed” down to $1921. oMG.

    Now riding the swell in PM's and surf.
  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
    Options

    La Creve, La Creve.

  • jmlanzaf
    jmlanzaf Posts: 43,061 ✭✭✭✭✭
    Options

    @MilesWaits said:
    OMG, Gold “crashed” down to $1921. oMG.

    Under 1900 now

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
    Options

    It's the end of the world! :D

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • jwitten
    jwitten Posts: 5,423 ✭✭✭✭✭
    Options

    Anyone else correct the typo in the thread title in their mind every time they see this thread? No? Just me?? :D

  • coinpalice
    coinpalice Posts: 2,469 ✭✭✭✭✭
    Options

    it's kind of funny how no sellers on e bay dropped their prices on silver or gold

  • cameonut2011
    cameonut2011 Posts: 10,910 ✭✭✭✭✭
    Options

    I hope it goes up and all the cleaned, AT, scratched, or otherwise damaged coins find their way to the smelter.

  • PerryHall
    PerryHall Posts: 47,760 ✭✭✭✭✭
    Options

    @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. :D

    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

  • jmlanzaf
    jmlanzaf Posts: 43,061 ✭✭✭✭✭
    Options

    @coinpalice said:
    it's kind of funny how no sellers on e bay dropped their prices on silver or gold

    Some did.

    Confirmation bias.

    I also didn't raise my prices last week when it was going up

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • mark_dak
    mark_dak Posts: 1,161 ✭✭✭✭✭
    Options

    @jmlanzaf said:

    @MilesWaits said:
    OMG, Gold “crashed” down to $1921. oMG.

    Under 1900 now

    Needed healthy consolidation - much expected

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 12, 2020 4:38AM
    Options

    Gold $1944.87 up $12.84
    Silver $26.02 up $0.52
    Right now.

  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
    edited August 12, 2020 4:40AM
    Options

    @jwitten said:
    Anyone else correct the typo in the thread title in their mind every time they see this thread? No? Just me?? :D

    Is you talking about grammar or the pause in upward trajectory? B)>:)

    My Roosevelt Dime Registry Set
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    Options

    @jwitten said:
    Anyone else correct the typo in the thread title in their mind every time they see this thread? No? Just me?? :D

    Don't see a typo ... but found a grammar error. :)

  • ElmerFusterpuck
    ElmerFusterpuck Posts: 4,910 ✭✭✭✭✭
    edited August 12, 2020 6:36AM
    Options

    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,
    Erik
    My registry sets

    My Instagram pictures
  • Goldenage
    Goldenage Posts: 3,277 ✭✭✭✭✭
    Options

    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.

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited August 12, 2020 5:49AM
    Options

    Silver has done well many taking profits.

    Investor
  • GSpencer
    GSpencer Posts: 61 ✭✭✭
    Options

    @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.

    Kitco spot is $1932.50 right now.

  • CoinJunkie
    CoinJunkie Posts: 8,772 ✭✭✭✭✭
    edited August 12, 2020 6:55AM
    Options

    @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.

    My Roosevelt Dime Registry Set
  • ccmorgan
    ccmorgan Posts: 1,232 ✭✭✭
    Options

    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.

    Love the 1885-CC Morgan
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
    Options

    Silver .... $27.44 ..... +$1.98 ... regaining some lost ground.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    edited August 13, 2020 5:58PM
    Options

    Gold $1966.38 up $21.30
    Silver $27.59 up. $1.58
    Right now.

    Hang on !!!

  • Jimnight
    Jimnight Posts: 10,846 ✭✭✭✭✭
    Options

    Gold $1992.84 up $40.84
    Silver $27.61 up $1.04
    Right now.

    I love it! ...how about you?

  • Along
    Along Posts: 474 ✭✭✭✭
    Options

    When is silver going to break $30?

  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
    edited August 17, 2020 7:03PM
    Options

    “When is silver going to break $30?“

    Soon, grasshopper.

    Now riding the swell in PM's and surf.
  • Along
    Along Posts: 474 ✭✭✭✭
    Options

    What is a good price to sell junk silver at a brick & mortar coin shop?

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Format
SpoilerCodeQuote
Heading 2Heading 1
Emoji
:):D:(;):/:o:s:p:'(:|B):#:*<3o:)>:)
Url
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file
Comment As ...

Categories