Lookout Below
Soldi
Posts: 2,177 ✭✭✭✭✭
I expect Silver to plummet to $18.00 per ounce and Gold to $1600. Americans have no more money to "idle" invest. Look at the rare coin collecting market. Crickets
Ohhhh this is gonna get bad
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I would love to see the Vegas odds on that
a bunch of rare coin collections went through over the past few years. may need some new whales
Oh ye of little faith.
$18 gutter metal? Wow, even I am not that bearish. That said, not saying it couldn't happen. THKS!
What rare coins would you look at ?😄
I give away money. I collect money.
I don’t love money . I do love the Lord God.
They’ll keep making enough money. My pension comes every month in dollars if I don’t buy metals I would only have a pile of paper
Could always happen I suppose. But, there is a whole world out there with many gold and silver buyers. Although it may slow some here in the U.S. of A., I doubt the rest of the world will give up on it also. I imagine there will be many buyers in the east who will be glad to take up the slack, especially if prices do continue to dip.
You see my point? Nobody gets used to the number $$ very quickly. I contend that if Silver drops to $24. many more will sell than by 75/25. I personally will buy and continue on any weakness. (lest it be government intervention). Now, if the prices rise,as just proven last week, to say $34 most 75/ 25 just watch out for it, keeping a wide eye open on it, to see if they can get comfortable with the new number $$. So, I don't believe anyone out there is really $$ cost averaging, then who can blame people, most don't have enough money leftover after shrinkflation and inflation.
90 % if you can find it at a reasonable price (one your comfortable with is a bargain) IMHO.
The 20% of Americans that are potential buyers of precious metals have plenty of money to do whatever they want with. The bottom 50% of Americans do not have the money to buy precious metals, I agree with that. Been that way for at least 30 years now.
And 99% of Americans could care less about precious metals period. I've been dollar cost averaging gold for several decades and continue to do so along with many other investments. THKS!
99 % WOW WEEEE ! YOU think it's that high. I mean with costco and news media barking all day.
90% at 22x today at the small show in dedham mass , i didn't buy. i bought a few morgans for 25 bucks each.
talked to a few of the dealers they think its interesting how much premiums have compressed since a year ago when it was 20x at the same show with spot much lower. there has been essentially no FOMO penalty for not buying over the past year
34 bucks for ASES , one guy had slabbed 2011 ASEs from the 5 coin set for 42$ I was surprised by that.
I have 2 of those sets put away i hadn't checked but I'm guessing they are not doing that well
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If silver "spot" were to drop to $24 or $22 within a few months from now, I would guess that premiums on silver items would go up. The same thing happens again and again. When the price of silver shoots up, buyers are reluctant to pay the higher price for physical silver items. When the price of silver drops down, sellers are reluctant to sell physical silver items at the lower price. The net effect is that the base value plus premium on physical silver items is less volatile than the "paper" trading price.
Volatility(melt_value + premium) < Volatility("spot")
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Yes, where did you get that "99%" figure ?
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I like to buy rare coins when I hear crickets .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Ohhhh Solidi is right !
It's tanking now baby and a long way , short time to $13.
Please understand I'm just joking I picked up a negative vib on metals last week. I'm thinking the commentator was USA economy recession bias. Thank you
Hey it’s an opportunity . Because a thousand ounces is over a thousand dollars less, today.