@jmski52 said: And jmski, you have a very rudimentary understanding of bonds and the bond market and that shows glaringly, so stop exposing yourself to ridicule.
Says the self-anointed bond expert.
I've never claimed that, but I do know more than you, and that's all that matters.
Gutter metal has been a terrible investment and you just confirmed it 2 posts above. You've been hoarding 90% since 1969 and your average is 14x which is the current 2022 price. Looks like it would be about a wash is 1969 dollars were equal to 2022 dollars.
silver's volatility makes it an excellent investment for those that understand what "buy low, sell high" means. Sorry that you thought you were supposed to buy it and put it under the mattress. Hopefully we have taught you something even if the lesson comes a little late.
I'm sure doing the buy low part anyway...are at least I'm doing my best to! Ummm, just so the rest of you silver bugs know, I'm getting these (silver dimes/quarters/Eagles/Maples) to collect and try to get as many years/mintmarks as I can...all that stuff about investing and hedge against inflation and such I just consider a nice little side bonus. I mean if I wanted to just invest in silver I'd just get those silver bars but that would make ZERO sense without first getting all the years/mintmarks of all silver dimes/quarters/Eagles/Maples I can!
As for gold, that gold bubble would need to really burst REAL good (it's LONG overdue, mark my words) before I could even come close to affording to collect even those tiny 1/10oz Gold Eagles...
Stating fact is not being mean. Gutter metal has been a terrible investment and you just confirmed it 2 posts above. You've been hoarding 90% since 1969 and your average is 14x which is the current 2022 price. Looks like it would be about a wash is 1969 dollars were equal to 2022 dollars.
Diversification is wonderful, I've bought gutter, even made some $$$ flipping it. Can't say it was one of my better moves. THKS!
Gutter metal? I guess that would be aluminum or steel or whatever metal gutters are made of? And be careful flipping those gutters as you could easily whap someone in the head!
Stating fact is not being mean. Gutter metal has been a terrible investment and you just confirmed it 2 posts above. You've been hoarding 90% since 1969 and your average is 14x which is the current 2022 price. Looks like it would be about a wash is 1969 dollars were equal to 2022 dollars.
Diversification is wonderful, I've bought gutter, even made some $$$ flipping it. Can't say it was one of my better moves. THKS!
Gutter metal? I guess that would be aluminum or steel or whatever metal gutters are made of? And be careful flipping those gutters as you could easily whap someone in the head!
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
So you're saying I'm a sheep? Not all of us can afford to collect gold coins ya know.
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
So you're saying I'm a sheep? Not all of us can afford to collect gold coins ya know.
Then just mortgage everything you own to buy it. Otherwise you don't exist in the cohodude universe...
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
So you're saying I'm a sheep? Not all of us can afford to collect gold coins ya know.
Then just mortgage everything you own to buy it. Otherwise you don't exist in the cohodude universe...
Best to keep the numbers small. As a member you should know better.
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
"some", as in one person who only disparages silver because he took a losing position before the market turned against him, most likely in a big way.
There are people who try disparage silver by picking the market top and suggesting that silver buyers have been hanging onto their silver ever since, and by ignoring the fact that smarter people have actually assembled nice positions at lower prices over time.
The fact of the matter is that it's hard to take a significant position in any market when things look dire, but if you manage to do that, you have a great position over time. Note that it is hard to do, especially when you already know that the silver market is the most heavily-manipulated market in existence. Comes with the territory, but I guess blitzie zigged when he should have zagged.
If you think that you can "beat the market" by timing a volatile market like silver, you bear the risk of loss. It's pretty simple. Calling an inanimate commodity "gutter" is just sour grapes.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
"some", as in one person who only disparages silver because he took a losing position before the market turned against him, most likely in a big way.
There are people who try disparage silver by picking the market top and suggesting that silver buyers have been hanging onto their silver ever since, and by ignoring the fact that smarter people have actually assembled nice positions at lower prices over time.
The fact of the matter is that it's hard to take a significant position in any market when things look dire, but if you manage to do that, you have a great position over time. Note that it is hard to do, especially when you already know that the silver market is the most heavily-manipulated market in existence. Comes with the territory, but I guess blitzie zigged when he should have zagged.
If you think that you can "beat the market" by timing a volatile market like silver, you bear the risk of loss. It's pretty simple. Calling an inanimate commodity "gutter" is just sour grapes.
For the record my gutter "physical" position is held way under spot and certainly way uder spot + premium. My paper gutter is currently at a slight loss. Keep livin your fantasy that I'm in the hole with you but the FACT of the matter is overall i'm in the green unlike you and your BIGLY gutter loss. Still the worst investment of my existence. STCK N!
@jmski52 said: Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
"some", as in one person who only disparages silver because he took a losing position before the market turned against him, most likely in a big way.
There are people who try disparage silver by picking the market top and suggesting that silver buyers have been hanging onto their silver ever since, and by ignoring the fact that smarter people have actually assembled nice positions at lower prices over time.
The fact of the matter is that it's hard to take a significant position in any market when things look dire, but if you manage to do that, you have a great position over time. Note that it is hard to do, especially when you already know that the silver market is the most heavily-manipulated market in existence. Comes with the territory, but I guess blitzie zigged when he should have zagged.
If you think that you can "beat the market" by timing a volatile market like silver, you bear the risk of loss. It's pretty simple. Calling an inanimate commodity "gutter" is just sour grapes.
For the record my gutter "physical" position is held way under spot and certainly way uder spot + premium. My paper gutter is currently at a slight loss. Keep livin your fantasy that I'm in the hole with you but the FACT of the matter is overall i'm in the green unlike you and your BIGLY gutter loss. Still the worst investment of my existence. STCK N!
Wow, you really are bad at silver investing/speculating. No wonder you hate it.
But I think your worst "investment" is actually the time you spend on this forum.
@jmski52 said: or the record my gutter "physical" position is held way under spot and certainly way uder spot + premium.
What is your average cost per oz?
l i'm in the green unlike you and your BIGLY gutter loss.
You have no inkling about my silver position.
He knows everyone's position and he knows their costs. 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
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
So you're saying I'm a sheep? Not all of us can afford to collect gold coins ya know.
Then just mortgage everything you own to buy it. Otherwise you don't exist in the cohodude universe...
I only rent a very modest two room (not two bed rooms...two main rooms, a kitchenette, and a bathroom) apt...I have nothing I can mortgage.
And what the heck is this "cohodude" universe you speak of?
And what the heck is this "cohodude" universe you speak of?
alternate reality
"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
He knows everyone's position and he knows their costs. LOL
One thing I know is that he doesn't like silver unless he is making money on it, and his derogatory sniping simply indicates that he hasn't been successful in silver overall, hence the need to disparage an inanimate metal.
This thread motivated me to take a look at my spreadsheet. I love it when a plan comes together.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: He knows everyone's position and he knows their costs. LOL
One thing I know is that he doesn't like silver unless he is making money on it, and his derogatory sniping simply indicates that he hasn't been successful in silver overall, hence the need to disparage an inanimate metal.
This thread motivated me to take a look at my spreadsheet. I love it when a plan comes together.
Perhaps he just believes gutter metal is anything but a "Precious Metal". Do yourself a favor, buy some gold. CRPS!
According to my spreadsheet, I have over 6 times more gold than silver in terms of dollar value, so I'm good on that. Thanks, or THKS as some might say.
I don't make disparaging remarks about an inanimate metal such as silver. There is no reason to get emotional about a metal. A negative emotional obsession about silver tells me that poor decisions were made and the metal is being blamed instead of acknowledging a poor decision. That doesn't allow for clear thinking when it comes to investing in the future.
Hey, we all make mistakes, even with investing or speculating.
Why not manage your holdings, instead of letting your holdings get your emotions all twisted up?
Q: Are You Printing Money? Bernanke: Not Literally
According to my spreadsheet, I have over 6 times more gold than silver in terms of dollar value, so I'm good on that. Thanks, or THKS as some might say.
I don't make disparaging remarks about an inanimate metal such as silver. There is no reason to get emotional about a metal. A negative emotional obsession about silver tells me that poor decisions were made and the metal is being blamed instead of acknowledging a poor decision. That doesn't allow for clear thinking when it comes to investing in the future.
Hey, we all make mistakes, even with investing or speculating.
Why not manage your holdings, instead of letting your holdings get your emotions all twisted up?
LOL sounds like you are the one getting emotional. Sleepin like a Baby, RGDS!!!
Perhaps he just believes gutter metal is anything but a "Precious Metal". Do yourself a favor, buy some gold. CRPS!
Like I said I would think gutter metal would be something like aluminum or whatever else gutters are made of...I'm guessing metal gutters don't work for bowling alley gutters right?
picked up a few $20 Liberties and my first MS- 64. Still waiting to pick up a MS-65 and 66. I’d like a set of Double Eagles 65’s-66’s maybe (Only 65 CVC on lib) Liberties and Saints.
Went to local "coin and jewelry" shop and asked about what coins they had since all the cases were only jewelry. Said just pre-64 stuff and some buffalo rounds. They wanted 16x on the 90% and +6 on the buffalos. I didnt buy anything,. They had no customers.
Cohodk: Interesting today melt is about 13.1x and I think 16x for 90% is good price (no culls) right now. It is pretty easy to sell for minimum 17.5x.
I am curious what you think, based on your experience and region, is a good buy and sell price?
Another buy. Another sale. And as to the previous comment, I'm pretty sure poster isn't a numismatist. Did anyone see those prices paid for new eagles coming out of the mint and going to Stack's & Bowers auction house ?
I ordered another 500 oz of silver on Friday. What I paid would only touch one tenth of what a new gold eagle just brought there. And those stackers and hoarders are onto something a bit more tangible, despite our views.
Am also price conscious. But I (we) have to pay premiums to acquire.
Nowadays , it's rare to have walk-ins ( at the shop) selling at these levels.
Strong hands= Hoarders and stackers ....in another field.
With my limited budget, I can’t make myself pay these current premiums.
So instead I’ve been focusing on choice numismatic coins, the best I can afford. It’s definitely a lot more fun!
Get back to spot +$1 on bars and I’m back in, especially under $20/oz!
For now it’s collector coins.
I buy the best I can afford, so there may be some time in between purchases, but that’s OK, it makes it even better.
@Ppp said:
Cohodk: Interesting today melt is about 13.1x and I think 16x for 90% is good price (no culls) right now. It is pretty easy to sell for minimum 17.5x.
I am curious what you think, based on your experience and region, is a good buy and sell price?
16x is a 23% premium over spot. I've been around long enough to have seen 90% trade at a DISCOUNT to spot on several occasions. Maybe things have changed, maybe not, but I'm a wholesale kind of stacker rather than retail. If I cant get what I want at the price I want I walk away or find an alternative. And there are alternatives. Money is made when when one buys, not when he sells.
The norm for 90% silver used to be a slight premium to spot for many years, and occasionally you would see a slight discount to spot, depending on market conditions. Silver dollars always carried a premium. That was then, this is now.
Money is made when when one buys, not when he sells.
You can't afford to be an idiot in either case. Always keep a cash cushion to avoid being forced to sell at inconvenient times, but also have some dry powder, just in case the right opportunity comes along.
Q: Are You Printing Money? Bernanke: Not Literally
In my environment when I can buy 90% at melt or up to 16x I jump all over it. 17.5x is wholesale and 19x to 20x is retail.
“Always keep a cash cushion to avoid being forced to sell at inconvenient times, but also have some dry powder, just in case the right opportunity comes along.”
I agree and I add that is why I keep numismatics. if price is not good to sell silver or gold and I don’t want to use cash I find there are always buyers for good numismatics.
🙂
16x is a 23% premium over spot. I've been around long enough to have seen 90% trade at a DISCOUNT to spot on several occasions. Maybe things have changed, maybe not, but I'm a wholesale kind of stacker rather than retail. If I cant get what I want at the price I want I walk away or find an alternative. And there are alternatives. Money is made when when one buys, not when he sells.
It's called a paradigm shift. Get used to it.
"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
16x is a 23% premium over spot. I've been around long enough to have seen 90% trade at a DISCOUNT to spot on several occasions. Maybe things have changed, maybe not, but I'm a wholesale kind of stacker rather than retail. If I cant get what I want at the price I want I walk away or find an alternative. And there are alternatives. Money is made when when one buys, not when he sells.
It's called a paradigm shift. Get used to it.
We hear that every decade. Maybe this time will be different....but then again we hear that every decade also.
Just today bought a 2013 gold Krugerrand from Apmex for $1809. Now I've got one Kruger for the daughters, wife and my birthdays. Kruger was the only gold bullion coin that goes back far enough LOL
I've kinda put coins on the back burner. Lot of nice vintage bars have been popping up lately and I can never say no. These 3 I scooped this week . Empire Int'l and Crown Mint one ouncers and the pipedreamer
I've been accumulating Sterling in any form. Silverware or decorative pieces. The premiums seem to me at least, less. Everybody knows what Sterling is and it is a bit more than coins. 92.5 vrs 90%.
bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
"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
"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
Yes they are, but I personally don't value silver by its looks. I look at the reputation of its source. Sovereign minted coins will likely follow the premium path that higher "quality" items have experienced. "Quality" is in the eye of the buyer, including my future buyer(s). When making a product choice it is not only about items with a lower premium (cost) it is also about what one thinks that item's premium will comparatively do in the future.
"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
Comments
Hedging is not insurance. It is similar and some may call it "insurance-like", but it is not insurance.
Going to night school could be considered a hedge, but never insurance.
And jmski, you have a very rudimentary understanding of bonds and the bond market and that shows glaringly, so stop exposing yourself to ridicule.
Knowledge is the enemy of fear
And jmski, you have a very rudimentary understanding of bonds and the bond market and that shows glaringly, so stop exposing yourself to ridicule.
Says the self-anointed bond expert.
I knew it would happen.
I've never claimed that, but I do know more than you, and that's all that matters.
Knowledge is the enemy of fear
'Tax' free bonds at that...
Indeed.
Knowledge is the enemy of fear
I'm sure doing the buy low part anyway...are at least I'm doing my best to! Ummm, just so the rest of you silver bugs know, I'm getting these (silver dimes/quarters/Eagles/Maples) to collect and try to get as many years/mintmarks as I can...all that stuff about investing and hedge against inflation and such I just consider a nice little side bonus. I mean if I wanted to just invest in silver I'd just get those silver bars but that would make ZERO sense without first getting all the years/mintmarks of all silver dimes/quarters/Eagles/Maples I can!
As for gold, that gold bubble would need to really burst REAL good (it's LONG overdue, mark my words) before I could even come close to affording to collect even those tiny 1/10oz Gold Eagles...
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
Gutter metal? I guess that would be aluminum or steel or whatever metal gutters are made of? And be careful flipping those gutters as you could easily whap someone in the head!
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
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
The whole worlds off its rocker, buy Gold™.
So you're saying I'm a sheep?
Not all of us can afford to collect gold coins ya know.
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
Then just mortgage everything you own to buy it. Otherwise you don't exist in the cohodude universe...
Picked up some Swiss 20 francs for a few bucks over melt. With premiums so high I was glad to get them.
MIKE B.
Best to keep the numbers small. As a member you should know better.
Knowledge is the enemy of fear
Gutter metal better known to some around here as Ag is not even a "Precious metal" as constantly discussed by a small handful up in here. There's a reason gold is the metal of kings and gutter is left for the sheep. RGDS!
"some", as in one person who only disparages silver because he took a losing position before the market turned against him, most likely in a big way.
There are people who try disparage silver by picking the market top and suggesting that silver buyers have been hanging onto their silver ever since, and by ignoring the fact that smarter people have actually assembled nice positions at lower prices over time.
The fact of the matter is that it's hard to take a significant position in any market when things look dire, but if you manage to do that, you have a great position over time. Note that it is hard to do, especially when you already know that the silver market is the most heavily-manipulated market in existence. Comes with the territory, but I guess blitzie zigged when he should have zagged.
If you think that you can "beat the market" by timing a volatile market like silver, you bear the risk of loss. It's pretty simple. Calling an inanimate commodity "gutter" is just sour grapes.
I knew it would happen.
For the record my gutter "physical" position is held way under spot and certainly way uder spot + premium. My paper gutter is currently at a slight loss. Keep livin your fantasy that I'm in the hole with you but the FACT of the matter is overall i'm in the green unlike you and your BIGLY gutter loss. Still the worst investment of my existence. STCK N!
The whole worlds off its rocker, buy Gold™.
or the record my gutter "physical" position is held way under spot and certainly way uder spot + premium.
What is your average cost per oz?
l i'm in the green unlike you and your BIGLY gutter loss.
You have no inkling about my silver position.
I knew it would happen.
Wow, you really are bad at silver investing/speculating. No wonder you hate it.
But I think your worst "investment" is actually the time you spend on this forum.
Ditto.
The whole worlds off its rocker, buy Gold™.
He knows everyone's position and he knows their costs. 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
I only rent a very modest two room (not two bed rooms...two main rooms, a kitchenette, and a bathroom) apt...I have nothing I can mortgage.
And what the heck is this "cohodude" universe you speak of?
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
alternate reality
"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
He knows everyone's position and he knows their costs. LOL
One thing I know is that he doesn't like silver unless he is making money on it, and his derogatory sniping simply indicates that he hasn't been successful in silver overall, hence the need to disparage an inanimate metal.
This thread motivated me to take a look at my spreadsheet. I love it when a plan comes together.
I knew it would happen.
@jmski52 "This thread motivated me to take a look at my spreadsheet. I love it when a plan comes together."
To me, this is the best line I read in a while. Make a plan, follow your progress, manage your position, execute your exit.
Perhaps he just believes gutter metal is anything but a "Precious Metal". Do yourself a favor, buy some gold. CRPS!
The whole worlds off its rocker, buy Gold™.
Do yourself a favor, buy some gold
According to my spreadsheet, I have over 6 times more gold than silver in terms of dollar value, so I'm good on that. Thanks, or THKS as some might say.
I don't make disparaging remarks about an inanimate metal such as silver. There is no reason to get emotional about a metal. A negative emotional obsession about silver tells me that poor decisions were made and the metal is being blamed instead of acknowledging a poor decision. That doesn't allow for clear thinking when it comes to investing in the future.
Hey, we all make mistakes, even with investing or speculating.
Why not manage your holdings, instead of letting your holdings get your emotions all twisted up?
I knew it would happen.
LOL sounds like you are the one getting emotional. Sleepin like a Baby, RGDS!!!
P.S. Go STILLERS!!!!!
The whole worlds off its rocker, buy Gold™.
Like I said I would think gutter metal would be something like aluminum or whatever else gutters are made of...I'm guessing metal gutters don't work for bowling alley gutters right?
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
Unless it's like a hot heavy metal chick or something!
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
Indeed....often seems like the Twilight Zone.
Knowledge is the enemy of fear
picked up a few $20 Liberties and my first MS- 64. Still waiting to pick up a MS-65 and 66. I’d like a set of Double Eagles 65’s-66’s maybe (Only 65 CVC on lib) Liberties and Saints.
MIKE B.
Went to local "coin and jewelry" shop and asked about what coins they had since all the cases were only jewelry. Said just pre-64 stuff and some buffalo rounds. They wanted 16x on the 90% and +6 on the buffalos. I didnt buy anything,. They had no customers.
Knowledge is the enemy of fear
Cohodk: Interesting today melt is about 13.1x and I think 16x for 90% is good price (no culls) right now. It is pretty easy to sell for minimum 17.5x.
I am curious what you think, based on your experience and region, is a good buy and sell price?
Another buy. Another sale. And as to the previous comment, I'm pretty sure poster isn't a numismatist. Did anyone see those prices paid for new eagles coming out of the mint and going to Stack's & Bowers auction house ?
I ordered another 500 oz of silver on Friday. What I paid would only touch one tenth of what a new gold eagle just brought there. And those stackers and hoarders are onto something a bit more tangible, despite our views.
Am also price conscious. But I (we) have to pay premiums to acquire.
Nowadays , it's rare to have walk-ins ( at the shop) selling at these levels.
Strong hands= Hoarders and stackers ....in another field.
With my limited budget, I can’t make myself pay these current premiums.
So instead I’ve been focusing on choice numismatic coins, the best I can afford. It’s definitely a lot more fun!
Get back to spot +$1 on bars and I’m back in, especially under $20/oz!
For now it’s collector coins.
I buy the best I can afford, so there may be some time in between purchases, but that’s OK, it makes it even better.
My latest:
My YouTube Channel
16x is a 23% premium over spot. I've been around long enough to have seen 90% trade at a DISCOUNT to spot on several occasions. Maybe things have changed, maybe not, but I'm a wholesale kind of stacker rather than retail. If I cant get what I want at the price I want I walk away or find an alternative. And there are alternatives. Money is made when when one buys, not when he sells.
Knowledge is the enemy of fear
The norm for 90% silver used to be a slight premium to spot for many years, and occasionally you would see a slight discount to spot, depending on market conditions. Silver dollars always carried a premium. That was then, this is now.
Money is made when when one buys, not when he sells.
You can't afford to be an idiot in either case. Always keep a cash cushion to avoid being forced to sell at inconvenient times, but also have some dry powder, just in case the right opportunity comes along.
I knew it would happen.
In my environment when I can buy 90% at melt or up to 16x I jump all over it. 17.5x is wholesale and 19x to 20x is retail.
“Always keep a cash cushion to avoid being forced to sell at inconvenient times, but also have some dry powder, just in case the right opportunity comes along.”
I agree and I add that is why I keep numismatics. if price is not good to sell silver or gold and I don’t want to use cash I find there are always buyers for good numismatics.
🙂
It's called a paradigm shift. Get used to it.
"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
We hear that every decade. Maybe this time will be different....but then again we hear that every decade also.
Knowledge is the enemy of fear
If they spout it long enough perhaps one decade, they may finally be right. Although HIGHLY unlikely.
The whole worlds off its rocker, buy Gold™.
Just today bought a 2013 gold Krugerrand from Apmex for $1809. Now I've got one Kruger for the daughters, wife and my birthdays. Kruger was the only gold bullion coin that goes back far enough LOL
I've kinda put coins on the back burner. Lot of nice vintage bars have been popping up lately and I can never say no. These 3 I scooped this week . Empire Int'l and Crown Mint one ouncers and the pipedreamer
Ounce by ounce the stack grows .
I've got one of those pipe dreamers too... neat bar.
Click on this link to see my ebay listings.
I've been accumulating Sterling in any form. Silverware or decorative pieces. The premiums seem to me at least, less. Everybody knows what Sterling is and it is a bit more than coins. 92.5 vrs 90%.
bob
I'm buying my third favorite bullion product from here because premiums are too high on the first two.
"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
and a contender for my fourth favorite is on sale at Bullion Exchanges - Roll of 20 - 2022 1 oz Austrian Silver Philharmonic Coin BU, any quantity.
"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
UUP along with risk.
Yes they are, but I personally don't value silver by its looks. I look at the reputation of its source. Sovereign minted coins will likely follow the premium path that higher "quality" items have experienced. "Quality" is in the eye of the buyer, including my future buyer(s). When making a product choice it is not only about items with a lower premium (cost) it is also about what one thinks that item's premium will comparatively do in the future.
"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