well silver just dipped past 12 an ounce... expected or no?
fc
Posts: 12,793 ✭✭✭
well silver just dipped past 12 an ounce... expected or no?
all i know is that i am quite happy i have held off on my large
purchase!
all i know is that i am quite happy i have held off on my large
purchase!
0
Comments
If it can be found at a reasonable price over spot.
What is the best price on ASE rolls now? Who has them?
Regards, John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
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Silver is the mortar that binds the bricks of loyalty.
When the price takes off, you won't have the luxury of nickel & diming your sources, because they will be sold out.
I knew it would happen.
<< <i>This is one of those times when you should be playing by your own rulebook, on your own schedule. Price isn't important here, but having a position is.
When the price takes off, you won't have the luxury of nickel & diming your sources, because they will be sold out. >>
Im not so sure. A large price increase might actually help to get some physical metal back into the marketplace.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>We've got a lot of people losing their jobs in my area, and it doesn't appear that there's any real (non-taxpayer supplied) relief for the economy around the corner, so I can't imagine metals will keep going down. >>
I don't understand this comment. How is increasing unemployment going to cause metal prices to increase? It will have the opposite effect as it forces people to sell in order to survive, and will make others more hesitant to pull the trigger on purchases.
thus increasing liquidity.... Inflationary
<< <i>This is one of those times when you should be playing by your own rulebook, on your own schedule. Price isn't important here, but having a position is.
When the price takes off, you won't have the luxury of nickel & diming your sources, because they will be sold out. >>
I love the knowledge and experience on this forum......I have read no wiser words on here recently than the above.
On word of honor between two people, I was able to lock in on silver price today at $11.94 for 2 BIG bars....will pick them up tomorrow. I work Mondays but off on Tuesdays.......and called my guy today from work........and told him I wanted them...but could not make it today....he pulled silver price up...and offered to lock in now on my word I would pickup and pay tomorrow...I jumped on it....
Didn't really have the ready funds on this since I made another large purchase last week.....but I juggled some finances....to make this happen...... as I truly feel if I did not act now at these prices...I will have missed the chance in a blink of an eye.
My "rulebook" said jump...so I did.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>halfhunter, the stores in my area are charging 15+ dollars for ASEs if they have any in. I traded some 90% silver and got 4 canadian maples. They wanted 15 for the maples. >>
Be careful with paying such a large premium on Maples...They do not carry the same premiums as an ASE when going to sell.
Not a rule set in stone. But the general opinion from collectors here... I personally like and buy Maples regularly.
My local B@M prices them the same as rounds and bars. And their buy prices reflect the same when buying..
Teletrade direct has Maples as low as 14.59 as of 5pm cst
<< <i>
<< <i>This is one of those times when you should be playing by your own rulebook, on your own schedule. Price isn't important here, but having a position is.
When the price takes off, you won't have the luxury of nickel & diming your sources, because they will be sold out. >>
I love the knowledge and experience on this forum......I have read no wiser words on here recently than the above.
On word of honor between two people, I was able to lock in on silver price today at $11.94 for 2 BIG bars....will pick them up tomorrow. I work Mondays but off on Tuesdays.......and called my guy today from work........and told him I wanted them...but could not make it today....he pulled silver price up...and offered to lock in now on my word I would pickup and pay tomorrow...I jumped on it....
Didn't really have the ready funds on this since I made another large purchase last week.....but I juggled some finances....to make this happen...... as I truly feel if I did not act now at these prices...I will have missed the chance in a blink of an eye.
My "rulebook" said jump...so I did.
They really didn't have any other bullion rounds like mexican onzas, ASEs, etc so I went and got the maples.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
from my own personal experence.
I personally like the Maple look. And contrary to the belief on the boards. I like the fact it is .9999 pure
and not .999 like rounds and ASEs
<< <i>This is one of those times when you should be playing by your own rulebook, on your own schedule. Price isn't important here, but having a position is.
When the price takes off, you won't have the luxury of nickel & diming your sources, because they will be sold out. >>
My experience has been the opposite. When prices were moving up, I found it easier to find good deals, such as under spot, sometimes significantly under. When prices are falling fast, people are reluctant to sell at a loss. When they have a profit, some folks don't mind taking less than spot, as long as they get out with a profit. YMMV.
Increasing unemployment along with increasing inflation was one of the drivers of the 70's stagflation, where metals rose dramatically.
As the business cycle slows down money gravitates to areas where it can see a true return.
In a nutshell, the business cycle spins downward, less revenue making it to local, state, and federal govts, that means less investment on the corporate level....ultimately rates will have to be raised to generate new investment in this country. Real interest rates are still negative which favors commodity investing. Until real rates are much higher than actual inflation (not the CPI and GDP fed BS). Raising rates above inflation rates will eventually spur new investing. Until that time, enough investors will stay with metals and commodities to try and earn an inflation-adjusted positive return.
roadrunner
I will start building another big stash at around <$8.
..............................
Folks are worried about jobs, food, housing, medical care.
PMs are waaaaaaaaaaaay down on the list of things folks
can spend money on.
.....................
I am still SHORT both SLV and GLD. Real green on both, but
will not add unless there is BIG strength.
................
Lower-Highs and Lower-Lows tell us ALL everything we need to know.
PMs are basement bound.
I'd say probably a good enough buying opportunity.
roadrunner
<< <i>Previous cycle low was in the $11's. If silver holds in the upper 11's the uptrend remains intact.
I'd say probably a good enough buying opportunity.
roadrunner >>
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You will go broke looking at longterm charts of PMs.
50-DMA is all I need to see, in order to KNOW the
bull is croaked.
PMs always take the path of least resistance; the current path is downhill.
Bingo! As usual, rr is on the mark.
I knew it would happen.
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The "inflation-adjusted" return from $21 to $12 was sort of poor.
<< <i>The "inflation-adjusted" return from $21 to $12 was sort of poor. >>
Ya think??
(Unless your basis happened to be $6.00, in which case it's really not a problem).
I knew it would happen.
The "inflation-adjusted" return from $21 to $12 was sort of poor.
Yes it was. But silver still far, far better from 2002-2008 than anything in the general stock indicies. Silver shows a decent positive return and stocks quite negative even with dividends factored in. Dividends don't help much if the return is still negative. Which one protected one's buying power?
How good did the dollar do from 2001 to 2008 as it fell from index of 120 down to 71....but currently at approx 80....still a 30%+ fall. Take that 30% off all your stock gains and what do you have? Silver wins again....by 12 lengths. How much will all this matter if in several years silver is at $30 or $50 or even $100? Will it matter than it went to $21, fell to $9, went back to $16, fell to $12, etc....but ended up multiples higher?
Jim, if you think metals are over, you might want to consider that the coin market will fall apart within months of the first metals washout. Interesting that the last few coin bulls ended in March or April. A demise in the fall is decidedly against the trends.
roadrunner
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It should matter TONIGHT, to folks who got suckered into
the junk at $20+, right before it went to $9.
Those folks will have lost HALF of their money. IF they had
waited, they would have TWICE as much metal in their account.
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Those $855 Krugs from 1980 did great, too. It only took 'em 28-years to shine.
Now, they have turned to junk ............again.
<< <i>Its my understanding that when unemployment reaches a level that becomes uneasy to the fed, they lower rates to accomodate
thus increasing liquidity.... Inflationary >>
Not now. The Fed is basically out of ammunition with the Fed funds rate at 2%. Lowering to this level from well over 4% over the past few months didn't really add much liquidity to the system. that's why mortgage rates didn't come down in tandem. Notice though, that by taking over Fannie and Freddy, 15 and 30 year mortgage rates have tumbled. I think the next Fed move will be to raise interest rates although not until well into 2009.
My icon IS my coin. It is a gem 1949 FBL Franklin.