Gutter at Spot
blitzdude
Posts: 5,886 ✭✭✭✭✭
Bullion Exchanges is having a gutter sale. ASE, SML, Austrailian Kangaroo at spot. The catch is limit one of each per houshold and you need to get to $199 to get free shipping. The 3 coins only get you to $88. Maybe a deal if you add it to something else to get to $199? RGDS!
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They must be expecting further price drops for silver this next week! I see that Monument Metals was offering cull Peace silver dollars at 99c above spot each... but looks like they are out of stock now.
I see they are also offering Utah Goldbacks at spot also, for those who want cheap gold.
Shouldn't matter. Assume that their positions are hedged.
As mentioned in another thread. If a certain event happens in November, then gold and silver might not be the best investment moving forward.
This may be their reasoning to unload at spot while they can.
Only one way the promises of a certain candidate could be realized......a depression. Yes, that would probably cause PM prices to drop.
Knowledge is the enemy of fear
.
During the Great Depression 1929-1933, the free-market price of gold went up.
.
Today ain't yesterday.
What was the "free market price" of gold from 1929 into and through 1931?
Knowledge is the enemy of fear
OP you have been here for over a decade you don't get it yet?
99% of the things you can buy have no equivalent mechanism how do you survive?
I am genuinely sorry though that when you asked Silver to your senior prom it turned you down.
I speak for most when I say let it go man
Not for me but looks like Bullion Exchanges are promoting their own branded gutter bars at spot. 1oz, 5oz, 10oz and Kilos. RGDS!
Wonder what ever happened to Jim's gutter premiums thread? Physical gutter getting almost as cheap as paper SLV gutter. RGDS!
What does RGDS even mean? lol
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Regards which is a closing salutation.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It dipped as shown in below chart. These specific years show a temporary dip for the period you "selected." Another example of how you use your "selective" slice of the data being discussed to encourage disagreement with what the full data under discussion reveals to us.
If you look at the years dcarr brought into the discussion the chart clearly show a move from $20.63 gold to 26.33 gold.
"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
Thanks derryb. Yes, I selected that time because the discussion was about a depression causing the price to drop. I was countered with another "selected" time frame.
Gold dropped 15%.
Thanks again for your help.
Knowledge is the enemy of fear
“Opportunity knocked again”. Is that what you meant with the thread title ? You can take “knocked” two ways.
I am genuinely sorry though that when you asked Silver to your senior prom it turned you down.
I speak for most when I say let it go man
lol
I knew it would happen.
What you really pointed out was that gold dropped one year and one year only during the 12 years Mr. Carr was discussing.
The data presented by Mr. Carr shows that The Great Depression (1929-1939) did not cause gold to drop. More likely it prevented gold's gains from being greater.
"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
Thanks again for showing that gold dropped 15%. Much appreciated.
Knowledge is the enemy of fear
thank Mr. Carr. He is the one who showed you that gold dropped in only one of the many years that it gained 39%.
"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 already knew how gold traded and I knew it dropped and is why I stated it would if there was a depression. But you and Mr. Carr didn't believe me. So thanks again for showing gold dropped 15%.
Your help is always appreciated.
Knowledge is the enemy of fear
And from your favorite graph.....did gold even outperform the maligned dollar during the depression?
Knowledge is the enemy of fear
When people say gutter silver do they simply mean Non-recognized refineries? No name bars vs things like JM/Engelhard/RCM etc?
You would have to ask blitzdude.... that is his personal view/term of physical silver.
why are you having the same "year myopic" argument on a thread that has nothing to do with that?
I'm getting like @Justacommeman and am tired of the same old arguments over and over. it's worse now that those are infecting innocent threads
Agreed.
Knowledge is the enemy of fear
.
Blitzedude seems to have a phobia and/or mental block that has prevented him from saying or typing the word "silver".
Maybe he is a Werewolf ?
.
And the online bullion dealers are still selling at bargain prices! You can still get silver at melt, and I just saw VG pre-1921 Morgan Silver dollars for $28.95 each. So perhaps bullion dealers are expecting further price drops?
When people say gutter silver
The only individual who uses that term to reference silver is blitzdude, mainly because he tries to out-maneuver the paper market with limited success.
Sour grapes, mainly. If you call him on it, he will invariably tell you all about his perfect record of calling every top and bottom in the highly volatile silver market.
Go figure.
I knew it would happen.
Any one buying silver regularly ?
Seems not as much activity taking place during the summer doldrums? Perhaps will pick up more this fall.
Meanwhile, I see that silver is still at spot can be had at the OP's link.... as well as Gold at Spot - 1 oz Gold Coin Random Mint .999+
If/when things start picking up more, the metals at spot will likely go away.....
1Ozt Gold Krugerrands at spot next 24 hours. RGDS!
https://bullionexchanges.com/1-oz-south-african-krugerrand-gold-coin-random-year?
What happened to the premiums? Were.the prices of 2 years ago just hype?
Knowledge is the enemy of fear
everything is hype.
"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
What happened to the premiums? Were.the prices of 2 years ago just hype?
Kitco spot two years ago = $1,802. Today's close = $2,507.
What's your point?
I knew it would happen.
Folk were paying $45 for ASE, now $35.
That's my point.
So what was the purpose of the premiums?
Knowledge is the enemy of fear
Supply and demand. Premiums= greater demand. Low or no premium = greater supply.
Then there are profit takers/flippers/ traders. Nothing complex, except the definition of gutter at spot