LCS this morning, a well-known local dealer who handles a great deal of bullion had buy prices almost spot on with what was shown above. ASEs at $33.50 in tubes and maples at $30.
Just like clockwork, everything coming down significantly except ASEs (although they are drifting lower). Very very soon. This game is SO easy.
were you married to silver and it ran off with another dude?
Nope, I just got smart and found gold.
LOL end the fed is that you?
I don't post on other forums; have enough trolls here to support.
You don't post you just spend your time reading everyone elses comments there? Got to keep the reddit kids busy buying those $36 ASEs. lol
Actually the screenshot was sent to me by a forum member here. Guess he was wondering why you call it gutter metal here yet sing a different tune on a different forum. I'm not a member of reddit nor do i read it.
Just like clockwork, everything coming down significantly except ASEs (although they are drifting lower). Very very soon. This game is SO easy.
were you married to silver and it ran off with another dude?
Nope, I just got smart and found gold.
LOL end the fed is that you?
I don't post on other forums; have enough trolls here to support.
You don't post you just spend your time reading everyone elses comments there? Got to keep the reddit kids busy buying those $36 ASEs. lol
Actually the screenshot was sent to me by a forum member here. Guess he was wondering why you call it gutter metal here yet sing a different tune on a different forum. I'm not a member of reddit nor do i read it.
Oh yeah your alter ego taxmad. Of course lol Well now you have your answer. They get em for $36, I'll sell them to you for $38.
Yep the market is getting flooded with "new" silver again. Expect premiums to really start plummeting in the next month or so. For those that missed the sales boat don't worry in another decade or two there will be a new silver shortage conspiracy for you to dump your metal. Until then, stack on. lol
@MsMorrisine said:
I wouldn’t call a high buy price as having fluff.
ASE were +7.25 with spot at 27.40= 34.65.
Now are +3.90 with spot at 25.20 = 29.10.
That buy side premium has dropped 46%. A lot of fluff has come out.
Buyers in May who paid +10 with spot at 27.50 would now be down 22%. Ouch.
Gotta throw the BS flag on this one. On 5/4 the OP's APMEX ASE was selling for 11.99 over spot. Today it is selling for 9.99 over spot.
If you're gonna properly track data, you have to remain consistent on your sources of input. Consistency goes a long way in establishing credible research.
You're OP on 5/4 showed an APMEX random single ASE at 38.62 with spot at $26.63 for a buyer's premium of 45%.
Todays data shows an APMEX random single ASE at 35.30 (sale item) with spot at 25.31 for a buyer's premium of 39%.
Since 5/4 spot has dropped 5% while ASE APMEX premiums have dropped 9.4%. Premiums have dropped 5.4% more than has spot price.
So, it appears that buyer premiums for silver ASEs have dropped only slightly since your study began and only in the face of a declining spot price. It remains to be seen if a rise in spot prices will result in a rise in premiums. I suspect the resulting increase in demand would spill over to premiums as it has done in the recent past.
@cohodk said:
Who said anything about 5/4? I used data posted in this thread. All calculations are correct.
You did in the first post. You provided APMEX sell data for 5/4 and I compared current APMEX sell data to it to provide the correct state of silver premiums. You can't keep jumping from sell premiums to buy premiums just to get the results you desire. It's inconsistent, but even worse it's very misleading for those you wish to take you seriously.
@cohodk said:
Who said anything about 5/4? I used data posted in this thread. All calculations are correct.
You did in the first post. You provided APMEX sell data for 5/4 and I compared current APMEX sell data to it to provide the correct state of silver premiums. You can't keep jumping from sell premiums to buy premiums just to get the results you desire. It's inconsistent, but even worse it's very misleading for those you wish to take you seriously.
No matter how you try to spin it the fact remains that premiums are dropping at both the retail and especially at the wholesale level just like we told you they would. Look for the trend to continue. RGDS!
@cohodk said:
Who said anything about 5/4? I used data posted in this thread. All calculations are correct.
You did in the first post. You provided APMEX sell data for 5/4 and I compared current APMEX sell data to it to provide the correct state of silver premiums. You can't keep jumping from sell premiums to buy premiums just to get the results you desire. It's inconsistent, but even worse it's very misleading for those you wish to take you seriously.
No matter how you try to spin it the fact remains that premiums are dropping at both the retail and especially at the wholesale level just like we told you they would. Look for the trend to continue. RGDS!
It's normal for premiums to drop when spot price drops. A reduction in spot reduces demand.
As calculated above (spin? lol) ASE sell premiums have dropped only 5.4% more than has spot price. 94.6% percent of the premium drop is simply because of the drop in spot. This is a reflection of the current strength of physical silver.
Your victory lap is a bit premature, especially when spot begins its next leg up. You've also been claiming that physical silver is a gutter metal yet its premiums over spot are far greater than the other metals. Just because you lose money on silver does not mean smarter people are doing the same.
Only in your selective date ranges. Looks like the past year was another wash for the great derby and his 35% ASE premiums. Next time remember to sell. Stack on. lol
duh, the stellar performance of your gutter metal shown in the chart IS for the past year. No wonder you can't get your timing right. While you're screaming "sell" I'm buying; you are my market direction barometer. lol
if you're just realizing that the silver market is volatile, no wonder you can't pull yourself out of the gutter. Learn to let volatility work for you.
@derryb said:
if you're just realizing that the silver market is volatile, no wonder you can't pull yourself out of the gutter. Learn to let volatility work for you.
Hmmm.....
Kinda seems you are commenting on others and trading opportunity.
Per your comment on my post....the numbers i posted are accurate.
Fuzzy math. Again he always cherry picks the date to fit his agenda. Ask him about premiums. He pays 40% to earn 3% lol.
Actually I just reposted a one year performance chart that was posted by someone else earlier in another thread. Seemed to give a good picture of recent PM performance. Let me know in 20 years how your gold performed against the gutter metal.
Comments
Knowledge is the enemy of fear
Just like clockwork, everything coming down significantly except ASEs (although they are drifting lower). Very very soon. This game is SO easy.
The whole worlds off its rocker, buy Gold™.
were you married to silver and it ran off with another dude?
Nope, I just got smart and found gold.
The whole worlds off its rocker, buy Gold™.
LCS this morning, a well-known local dealer who handles a great deal of bullion had buy prices almost spot on with what was shown above. ASEs at $33.50 in tubes and maples at $30.
Give Me Liberty or Give Me Debt
LOL end the fed is that you?
The whole worlds off its rocker, buy Gold™.
I don't post on other forums; have enough trolls here to support.
Give Me Liberty or Give Me Debt
You don't post you just spend your time reading everyone elses comments there? Got to keep the reddit kids busy buying those $36 ASEs. lol
The whole worlds off its rocker, buy Gold™.
Actually the screenshot was sent to me by a forum member here. Guess he was wondering why you call it gutter metal here yet sing a different tune on a different forum. I'm not a member of reddit nor do i read it.
Give Me Liberty or Give Me Debt
b> @derryb said:
Oh yeah your alter ego taxmad. Of course lol Well now you have your answer. They get em for $36, I'll sell them to you for $38.
The whole worlds off its rocker, buy Gold™.
Like I said, enough trolls here to support.
Give Me Liberty or Give Me Debt
You two are worse than a couple of old ladies in a sewing circle. Conspiracy Hedge on. LOL Basel 3 gutter down.
The whole worlds off its rocker, buy Gold™.
were you married to silver and it ran off with another dude?
lol, yep it sounds like sour grapes to me.
Nope, I just got smart and found gold.
Well, duh.
I knew it would happen.
Apparently so did your ex-wife...
The whole worlds off its rocker, buy Gold™.
glad i dumped all my pandas
I'd rather have a round than a panda
and aren't there 2 versions of the panda? 1 toz and one 30g ?
The whole worlds off its rocker, buy Gold™.
Last week I was $10 over spot on rolls and sold out.
Edit: on silver back dated eagles
The whole worlds off its rocker, buy Gold™.
Looks like theyve taken some fluff out of their buy prices.
Knowledge is the enemy of fear
Yep the market is getting flooded with "new" silver again. Expect premiums to really start plummeting in the next month or so. For those that missed the sales boat don't worry in another decade or two there will be a new silver shortage conspiracy for you to dump your metal. Until then, stack on. lol
The whole worlds off its rocker, buy Gold™.
I wouldn’t call a high buy price as having fluff.
$6 down to $5.50 yet the sell price is the same
Those Brits at under 3 over I'd buy if I was in the purchase position. Insane on the dollars though.
this just reinforces my endless call to load up on morgans over the years. Pre 1921 morgan circs they look to be paying 2x melt for right?
I was buying any i could get under 20 bucks each my only regret was that I flipped probably half of them along the way.
A few 5 gallon buckets tucked away would be a nice pension supplement for the golden years
Thats just the 2021 type 2. All other ASEs have dropped as will the type 2s. Still severely overpriced but normal premiums are not far away.
The whole worlds off its rocker, buy Gold™.
ASE were +7.25 with spot at 27.40= 34.65.
Now are +3.90 with spot at 25.20 = 29.10.
That buy side premium has dropped 46%. A lot of fluff has come out.
Buyers in May who paid +10 with spot at 27.50 would now be down 22%. Ouch.
Knowledge is the enemy of fear
Gotta throw the BS flag on this one. On 5/4 the OP's APMEX ASE was selling for 11.99 over spot. Today it is selling for 9.99 over spot.
If you're gonna properly track data, you have to remain consistent on your sources of input. Consistency goes a long way in establishing credible research.
You're OP on 5/4 showed an APMEX random single ASE at 38.62 with spot at $26.63 for a buyer's premium of 45%.
Todays data shows an APMEX random single ASE at 35.30 (sale item) with spot at 25.31 for a buyer's premium of 39%.
Since 5/4 spot has dropped 5% while ASE APMEX premiums have dropped 9.4%. Premiums have dropped 5.4% more than has spot price.
So, it appears that buyer premiums for silver ASEs have dropped only slightly since your study began and only in the face of a declining spot price. It remains to be seen if a rise in spot prices will result in a rise in premiums. I suspect the resulting increase in demand would spill over to premiums as it has done in the recent past.
Give Me Liberty or Give Me Debt
Who said anything about 5/4? I used data posted in this thread. All calculations are correct.
Knowledge is the enemy of fear
You did in the first post. You provided APMEX sell data for 5/4 and I compared current APMEX sell data to it to provide the correct state of silver premiums. You can't keep jumping from sell premiums to buy premiums just to get the results you desire. It's inconsistent, but even worse it's very misleading for those you wish to take you seriously.
Give Me Liberty or Give Me Debt
No matter how you try to spin it the fact remains that premiums are dropping at both the retail and especially at the wholesale level just like we told you they would. Look for the trend to continue. RGDS!
The whole worlds off its rocker, buy Gold™.
It's normal for premiums to drop when spot price drops. A reduction in spot reduces demand.
As calculated above (spin? lol) ASE sell premiums have dropped only 5.4% more than has spot price. 94.6% percent of the premium drop is simply because of the drop in spot. This is a reflection of the current strength of physical silver.
Your victory lap is a bit premature, especially when spot begins its next leg up. You've also been claiming that physical silver is a gutter metal yet its premiums over spot are far greater than the other metals. Just because you lose money on silver does not mean smarter people are doing the same.
Give Me Liberty or Give Me Debt
.
.
LOL. Appears those who found silver were 35 times smarter.
Give Me Liberty or Give Me Debt
Only in your selective date ranges. Looks like the past year was another wash for the great derby and his 35% ASE premiums. Next time remember to sell. Stack on. lol
The whole worlds off its rocker, buy Gold™.
duh, the stellar performance of your gutter metal shown in the chart IS for the past year. No wonder you can't get your timing right. While you're screaming "sell" I'm buying; you are my market direction barometer. lol
Give Me Liberty or Give Me Debt
I was busy selling gutter to noobs at $38. Don't worry you may get that chance again in another decade or so. lol
The whole worlds off its rocker, buy Gold™.
Derbys lost decade lol
The whole worlds off its rocker, buy Gold™.
if you're just realizing that the silver market is volatile, no wonder you can't pull yourself out of the gutter. Learn to let volatility work for you.
Give Me Liberty or Give Me Debt
Hmmm.....
Kinda seems you are commenting on others and trading opportunity.
Per your comment on my post....the numbers i posted are accurate.
Knowledge is the enemy of fear
Actually here are the 1 year performance numbers. Notice the date. Also notice no date in what you posted.
We should all be happy that silver is no longer stuck in the teens.
Knowledge is the enemy of fear
He likes to cherry pick dates in an attempt to promote his agenda. Ask him to see his bitcoin charts. lol
The whole worlds off its rocker, buy Gold™.
And the chart will change again tomorrow, but you know what - it's still gonna show silver outperforming gold for the past year.
Give Me Liberty or Give Me Debt
Fuzzy math. Again he always cherry picks the date to fit his agenda. Ask him about premiums. He pays 40% to earn 3% lol.
The whole worlds off its rocker, buy Gold™.
Actually I just reposted a one year performance chart that was posted by someone else earlier in another thread. Seemed to give a good picture of recent PM performance. Let me know in 20 years how your gold performed against the gutter metal.
Give Me Liberty or Give Me Debt
Thanks, I will be sleeping like a baby without needing a bunker to store my insurance. Good luck to you., I hope your gutter goes to da moon!
The whole worlds off its rocker, buy Gold™.
The whole worlds off its rocker, buy Gold™.
Type 2 down slightly
If you could have waited 6 months, Type 1 way down
Anyone know why the 1 ounce generic silver bars are selling at a .75 premium over the 1 ounce generic silver rounds?