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When silver dips below $19

TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭
edited August 22, 2022 5:35AM in Precious Metals

I'll buy more for less ( and sell it that way, too). You?

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Comments

  • LukeMarshallLukeMarshall Posts: 1,881 ✭✭✭✭✭

    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...

  • goldengolden Posts: 8,950 ✭✭✭✭✭

    I might think about buying some.

  • MeltdownMeltdown Posts: 8,602 ✭✭✭✭✭

    Blitz will lose his freaking mind backing up the truck. :p

  • jclovescoinsjclovescoins Posts: 1,844 ✭✭✭✭✭

    @TwoSides2aCoin said:

    @golden said:
    I might think about buying some.

    Every time I order more, I wish I would have waited a couple days.

    yep. free fall for weeks now. Looks like it will be in teens shortly

  • blitzdudeblitzdude Posts: 5,268 ✭✭✭✭✭

    @TwoSides2aCoin said:
    I'll buy more for less ( and sell it that way, too). You?

    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™.

  • jclovescoinsjclovescoins Posts: 1,844 ✭✭✭✭✭

    @blitzdude said:

    @TwoSides2aCoin said:
    I'll buy more for less ( and sell it that way, too). You?

    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!

    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.

  • blitzdudeblitzdude Posts: 5,268 ✭✭✭✭✭

    @jclovescoins said:

    @blitzdude said:

    @TwoSides2aCoin said:
    I'll buy more for less ( and sell it that way, too). You?

    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!

    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™.

  • derrybderryb Posts: 36,010 ✭✭✭✭✭
    edited June 29, 2022 3:27AM

    That APMEX single ASE premium is currently at a 71% premium (plus shipping) and climbing. Wake me when it starts coming down.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • cohodkcohodk Posts: 18,489 ✭✭✭✭✭

    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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,010 ✭✭✭✭✭
    edited June 29, 2022 4:36AM

    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

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    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.

  • derrybderryb Posts: 36,010 ✭✭✭✭✭

    Premiums are likely to keep rising until spot price rises. Pick your poison.

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • BaleyBaley Posts: 22,658 ✭✭✭✭✭

    "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

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    @cohodk said:
    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 The dollar's friend. Sad for us all.

    Fixed it for us... and to be more truthful ( factual) .

  • alexercaalexerca Posts: 243 ✭✭✭

    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!

  • conrad99conrad99 Posts: 300 ✭✭✭

    @cohodk said:

    Inflation does not appear to be PMs friend. Sad for us all.

    It does seem that way lately, but history shows that such "inexplicable" anomalies tend to get ironed out before long.

  • tincuptincup Posts: 4,719 ✭✭✭✭✭

    Looks like we hit the mark... silver now below $20 per ounce.... at least for now.

    ----- kj
  • cohodkcohodk Posts: 18,489 ✭✭✭✭✭

    @derryb said:
    Premiums are about more than price. They are a reflection on those who try to control spot price, . .

    Nope..

    Who controls the premium?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tincuptincup Posts: 4,719 ✭✭✭✭✭

    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.

    ----- kj
  • derrybderryb Posts: 36,010 ✭✭✭✭✭

    @cohodk said:

    Who controls the premium?

    buyers

    "Do you hear alarm bells ringing? Neither do I. And that’s a huge problem." - Simon Black

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭
    edited July 1, 2022 8:07AM

    When my phone began ringing and dinging this morning.... I knew it was time for celebration and vacation. How low will it go ?

  • JimTylerJimTyler Posts: 2,990 ✭✭✭✭✭

    I just checked spot silver is $19.85 get to work.

  • bestmrbestmr Posts: 1,761 ✭✭✭

    You can partially thank me. I bought a bunch of ASE’s from a friend early last week that needed the money. :D

    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • OPAOPA Posts: 17,103 ✭✭✭✭✭

    Down to $19.17 & falling

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    Opportunity ? I still can't get my family / friends to see that. They cling to paper.

  • EstilEstil Posts: 6,816 ✭✭✭✭

    @OPA said:
    Down to $19.17 & falling

    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

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • OPAOPA Posts: 17,103 ✭✭✭✭✭

    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.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    @OPA said:
    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.

  • EstilEstil Posts: 6,816 ✭✭✭✭
    edited July 13, 2022 3:59AM

    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! :blush: 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)!

    https://youtu.be/KivTI2P2Wds?t=212

    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 :(

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • blitzdudeblitzdude Posts: 5,268 ✭✭✭✭✭

    Time for the OP to change the title to when gutter dips below $10.

    The whole worlds off its rocker, buy Gold™.

  • JWPJWP Posts: 16,330 ✭✭✭✭✭

    @Baley said:
    "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?

    You sound like a silver train wreck. I think enough people have already put graffiti on the silver, they don't need help. :D

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    Come on down !

  • EstilEstil Posts: 6,816 ✭✭✭✭

    @blitzdude said:
    Time for the OP to change the title to when gutter dips below $10.

    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!

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • EstilEstil Posts: 6,816 ✭✭✭✭

    @TwoSides2aCoin said:
    ...

    @TwoSides2aCoin said:
    Remember when silver was under ten dollars ? And this hung in a shop for $29.95 until somebody finally gave in and bought it.

    Sold this over the weekend. $180.

    Well to be fair that silver bar/coins were as ugly as I'll get out... :(

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • CoinHoarderCoinHoarder Posts: 2,369 ✭✭✭✭✭

    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?

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    @CoinHoarder said:
    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.

  • SoldiSoldi Posts: 2,012 ✭✭✭✭✭
    edited July 20, 2022 12:27PM

    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.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    Whew. Barely got that last order in today @$19.97.

    Back over.

  • EstilEstil Posts: 6,816 ✭✭✭✭
    edited July 31, 2022 7:53PM

    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!

    WISHLIST
    Dimes: 54S, 53P, 50P+S, 49S, 45D+S, 44S, 43D, 41S, 40D+S, 39D+S, 38D+S, 37D+S, 36S, 35D+S, all 16-34's
    Quarters: 61D, 52S, 47S, 46S, 40S, 39S, 38S, 37D+S, 36D+S, 35D, 34D, 32D+S
    74 Topps: 37,38,46,47,48,138,151,193,210,214,223,241,256,264,268,277,289,316,435,552,570,577,592,602,610,654,655
    1997 Finest silver: 115, 135, 139, 145, 310
    1995 Ultra Gold Medallion Sets: Golden Prospects, HR Kings, On-Base Leaders, Power Plus, RBI Kings, Rising Stars
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    Looking back to when the thread began. Did others buy? I tapped out.

  • blitzdudeblitzdude Posts: 5,268 ✭✭✭✭✭

    @TwoSides2aCoin said:

    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™.

  • charlesf20charlesf20 Posts: 384 ✭✭✭

    @TwoSides2aCoin said:
    ...

    @TwoSides2aCoin said:
    Remember when silver was under ten dollars ? And this hung in a shop for $29.95 until somebody finally gave in and bought it.

    Sold this over the weekend. $180.

    Is that what it is worth?

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    @charlesf20 said:

    @TwoSides2aCoin said:
    ...

    @TwoSides2aCoin said:
    Remember when silver was under ten dollars ? And this hung in a shop for $29.95 until somebody finally gave in and bought it.

    Sold this over the weekend. $180.

    Is that what it is worth?

    That's what it was worth. Could be worth less. Might be worth more.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭
    edited August 15, 2022 9:25PM

    About time again.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,748 ✭✭✭✭✭

    @blitzdude said:

    @TwoSides2aCoin said:

    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!


    Ordered a couple of these today, on speculation. Prompted by another drop.
    1/4 ounce 24k. Money metals exchange. Limited supply. :joy:

  • blitzdudeblitzdude Posts: 5,268 ✭✭✭✭✭
    edited August 16, 2022 12:26PM

    @TwoSides2aCoin said:

    @blitzdude said:

    @TwoSides2aCoin said:

    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!

    Ordered a couple of these today, on speculation. Prompted by another drop.
    1/4 ounce 24k. Money metals exchange. Limited supply. :joy:

    No offense but that's one fugly coin. lol

    The whole worlds off its rocker, buy Gold™.

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