Aggressive inflation was supposed to make silver skyrocket...

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  • jessewvu
    jessewvu Posts: 5,087 ✭✭✭✭✭
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    @jmlanzaf said:
    I'm not sure of the question. Are we talking new releases or the secondary market?

    Interested to see how the collectible prices went up in relation to their bullion counterparts. If spot went up 20%, did collectibles go up 20% or more/less. I’m using fake numbers but curios if the % increase was the same for both.

  • jmlanzaf
    jmlanzaf Posts: 43,062 ✭✭✭✭✭
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    @jessewvu said:

    @jmlanzaf said:
    I'm not sure of the question. Are we talking new releases or the secondary market?

    Interested to see how the collectible prices went up in relation to their bullion counterparts. If spot went up 20%, did collectibles go up 20% or more/less. I’m using fake numbers but curios if the % increase was the same for both.

    Proof Eagles this year went up far more than silver bullion.

    In January of this year, silver was at $28 per ounce and Proof ASEs were bid at $55. With silver at $25 per ounce now, Proof ASEs are now bid at $74.

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

  • streeter
    streeter Posts: 4,312 ✭✭✭✭✭
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    On Sept 20, I went to Long Beach with a friend. We came away with about 40 coins. The ms65 Saints averaged a little over $2,250 ea. The ms64 Saints were at about $2,000 give or take a couple of dollars. 4 ten libs where the seller raised the price from $1,075 to $1,090 as we were in discussion.
    I have my doubts I could get those prices now.

    Have a nice day
  • streeter
    streeter Posts: 4,312 ✭✭✭✭✭
    edited November 15, 2021 9:29AM
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    On Sept 30, I went to Long Beach with a friend. We came away with about 40 coins. The ms65 Saints averaged a little over $2,250 ea. The ms64 Saints were at about $2,000 give or take a couple of dollars. 4 ten libs where the seller raised the price from $1,075 to $1,090 as we were in discussion.
    I have my doubts I could get those prices now.

    Have a nice day
  • batumi
    batumi Posts: 936 ✭✭✭✭
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    @jmlanzaf said:

    @ErrorsOnCoins said:

    @derryb said:

    @Baley said:

    Overall inflation was low for a decade. Now it's up. This is unlikely to persist forever 😏

    Famous last words in Venezuela and Zimbabawe. LOL

    How many times can you post the word Zimbabawe? It gets really old.

    You forgot to post the photo of the currency.

    The great USA is not Zimbabawe, Geez, get a grip.

    Zimbabwe is lovely this time of year.

    Actually it is. I spent six months there about ten yeas ago unless one had to survive on Zim dollars alone. Inflation was 'only' 100% a month-then id did get bad. Store shelves were completely full and cleared in a couple of days. The country has the best climate of any country I have visited.

  • doubleeagle07
    doubleeagle07 Posts: 532 ✭✭✭
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    Successful transactions with: AnonMan, Cent1225, coinnerd, Commoncents05, Danielp, Downtown1974, guitarwes, JimTyler, JJM, justindan, JWP, mbogoman, Meltdown, ms71, PerryHall, Pnies20, PROMETHIUS88, SurfinxHI, taxmad, Wingsrule, and more!

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
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    https://youtu.be/boUD5eG9Bf4

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    Money, funny-money and crypto

    "The dilemma now faced by central banks is whether to raise interest rates sufficiently to tackle price inflation and lend support to their currencies, or to take one last gamble on yet more stimulus in the hope that recessions can be avoided."

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • CopperWire
    CopperWire Posts: 492 ✭✭✭
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    I remember in 2007-8 when silver was rapidly gaining value. Then the collapse of the mortgage fraud by the banks in 2008 caused inflation. Same thing back then though, silver dipped in price along with the economy. Live and learn!

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
    edited November 30, 2021 9:53AM
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    when investors move from worrying about the return ON their capital and begin to worry about the return OF their capital you will see PMs get very shiny. The FED currently controls the worry but will lose that control once interest rates begin their climb.

    For now the mantra since 2008 continues: "The FED will not let my equities lose money." A major shift is on the very close horizon.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • ctf_error_coins
    ctf_error_coins Posts: 15,433 ✭✭✭✭✭
    edited December 1, 2021 12:44PM
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    Wasn't everyone freaking out about inflation a week ago ? :D

    Now all we have is silence as commodities go down in value, LMFAO :D:D:D>:)

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
    edited December 1, 2021 11:07PM
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    @ErrorsOnCoins said:
    Wasn't everyone freaking out about inflation a week ago ? :D

    Now all we have is silence as commodities go down in value, LMFAO :D:D:D>:)

    so I take it you're in the "inflation is transitory" camp. LOL

    Guess you don't do the grocery shopping.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • jclovescoins
    jclovescoins Posts: 2,038 ✭✭✭✭✭
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    shocked that silver is still so low and continuing to fall....maybe it is "gutter metal" after all....certainly seems that way....definitely not the hedge that so many tout given the huge inflation and government spending this year but yet a 20% decline from January :(

  • tincup
    tincup Posts: 5,485 ✭✭✭✭✭
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    Silver and platinum have certainly taken the hits... surprisingly gold had kind of hung in there.

    ----- kj

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