When silver dips below $19
TwoSides2aCoin
Posts: 44,288 ✭✭✭✭✭
I'll buy more for less ( and sell it that way, too). You?
0
TwoSides2aCoin
Posts: 44,288 ✭✭✭✭✭
Comments
My $40 Silver will be over 100% more than paper spot (although premiums may still be in place for some stuff)
It's all about what the people want...
I might think about buying some.
Every time I order more, I wish I would have waited a couple days.
Blitz will lose his freaking mind backing up the truck.
Click on this link to see my ebay listings.
yep. free fall for weeks now. Looks like it will be in teens shortly
Remember when silver was under ten dollars ? And this hung in a shop for $29.95 until somebody finally gave in and bought it.
I'll be thinking it's groundhog day again. How many times back under $20? The gutter never disappoints.
I do like 90% junk in the 10x range and those $300 ASE rolls. RGDS!
The whole worlds off its rocker, buy Gold™.
I might be wrong, like I often am lately (LOL), but I doubt we ever see 300 USD ASE rolls again. Even with silver at $20, ASE rolls are over $600 currently.
Premiums have been dropping across the board. ASE premiums will eventually come down too just like they always do. I know some will say but this time is different. It never is.
The whole worlds off its rocker, buy Gold™.
That APMEX single ASE premium is currently at a 71% premium (plus shipping) and climbing. Wake me when it starts coming down.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
When spot is at 5 and ASEs at 15 derryb will still proclaim victory. Look at the huge premium he'll say. Hes so smart. Lol
Inflation does not appear to be PMs friend. Sad for us all.
Knowledge is the enemy of fear
Factoid: The higher the premium the higher the victory over spot and the COMEX. LOL
Premiums are about more than price. They are a reflection on those who try to control spot price, . .
. . . and those who try to defend those who control price. LOL
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
My PM stacks are worth a little less right now, but are all 100% profit.... So, I don't care.
Cheers, RickO
Premiums must come down before I jump in at $20 or less spot.
Premiums are likely to keep rising until spot price rises. Pick your poison.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Premium" = COLLECTOR Premium. For the Condition.
Need proof? Take a knife and scrape big X on both sides of your precious ASE. NOW how much over silver spot price can you get?
Liberty: Parent of Science & Industry
Fixed it for us... and to be more truthful ( factual) .
Bought 10 rolls of ase for 155 and hundreds of engelhards for little or nothing over spot but mostly own junk. The only silver I bought in last 12 years is junk and mostly walkers and mercs! I am going to buy 10 more gold buffs soon. Got to get rid of some more of this phoney money before it's totally worthless! Gold and real estate is my game! Now to get me a big bowl of popcorn and watch the show!
It does seem that way lately, but history shows that such "inexplicable" anomalies tend to get ironed out before long.
Looks like we hit the mark... silver now below $20 per ounce.... at least for now.
Nope..
Who controls the premium?
Knowledge is the enemy of fear
If it holds below $20... might have a further drop on Monday/Tuesday after a 3 day weekend... frequently seems to happen after a 3 day weekend.
buyers
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
When my phone began ringing and dinging this morning.... I knew it was time for celebration and vacation. How low will it go ?
I just checked spot silver is $19.85 get to work.
You can partially thank me. I bought a bunch of ASE’s from a friend early last week that needed the money.
Down to $19.17 & falling
Opportunity ? I still can't get my family / friends to see that. They cling to paper.
Soooo...does this mean I should see about filling in some of my silver dime and quarter album? My local dealer (last I checked) charges 22x face value. Here's what I got so far:
Dimes: 64P, 64D, 63D, 62D, 60D, 59D, 58P, 57P, 52D, 50D, 47D, 46D
Plus three spare 64's and a spare 62.
Quarters: 64P, 62D, 61D, 56P, 46P
D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
Below $19.00 & continues to fall. Smart money would wait until prices begin to rise and not try to "catch the bottom." A lot of bleeding hands in this forum trying to catch a falling knife.
…
Flippers like me don't cut easily.
...
Sold this over the weekend. $180.
One things for sure; I'm grabbing all the junk silver FDR dimes/GW quarters for my albums I can while the getting's good! You might say I've caught the silver fever!
It just so happens that my late wife's all time favorite Christmas special was Rudolph and we all know what Yukon Cornelius was looking for (at 3:32)!
Well in my case silver is all I could ever afford...even if the gold bubble REALLY burst and the price crashed all the way down to say, $500/oz it'd be way out of my price range
D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
Time for the OP to change the title to when gutter dips below $10.
The whole worlds off its rocker, buy Gold™.
You sound like a silver train wreck. I think enough people have already put graffiti on the silver, they don't need help.
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
Come on down !
Hey I don't mind! The easier that'll make it to fill my silver FDR/GW albums! I just better get as many holes fill in as I can while the getting's good!
D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
Well to be fair that silver bar/coins were as ugly as I'll get out...
D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
From what I can see, the premiums being charged on 90% "junk" silver, have not gone down with the substantial drop in the price of silver.
Why?
They don't make it any more.
I know you're going to have heck to pay trying to get the premium when u sell.
Spot will have to exceed your entry point.
Even I bought at too high a price, I will dollar cost average on the way down.
Whew. Barely got that last order in today @$19.97.
Back over.
I'm definitely proud of the silver I've been able to collect so far (especially FDR dimes and GW quarters)...unfortunately I am of very modest means (SSDI only) so I can only hope that silver stays low long enough for me to add as much as I can to my collection before it goes back up!
I definitely think I've caught silver fever!
D's: 54S,53P,50P,49S,45D+S,44S,43D,41S,40D+S,39D+S,38D+S,37D+S,36S,35D+S,all 16-34's
Q's: 52S,47S,46S,40S,39S,38S,37D+S,36D+S,35D,34D,32D+S
74T: 37,38,47,151,193,241,435,570,610,654,655 97 Finest silver: 115,135,139,145,310
73T:31,55,61,62,63,64,65,66,67,68,80,152,165,189,213,235,237,257,341,344,377,379,390,422,433,453,480,497,545,554,563,580,606,613,630
95 Ultra GM Sets: Golden Prospects,HR Kings,On-Base Leaders,Power Plus,RBI Kings,Rising Stars
Looking back to when the thread began. Did others buy? I tapped out.
Haven't purchased any gutter at all in 2022. Last buy was 10/25/2021. Many Au purchases though this year, most recently 8/8/22. Sleepin like a baby, even without the depends. THKS!
The whole worlds off its rocker, buy Gold™.
Is that what it is worth?
That's what it was worth. Could be worth less. Might be worth more.
About time again.
Ordered a couple of these today, on speculation. Prompted by another drop.
1/4 ounce 24k. Money metals exchange. Limited supply.
No offense but that's one fugly coin. lol
The whole worlds off its rocker, buy Gold™.