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How Much?
BAJJERFAN
Posts: 31,005 ✭✭✭✭✭
of the silver and gold that is being sold these days is new material [either from the mint or major private offerers] and how much has been around the block a time or 2? If you are a dealer [esp. one with a shop] you likely either order inventory or have it walk in the door. Anyone care to offer a guess?
theknowitalltroll;
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
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<< <i>of the silver and gold that is being sold these days is new material [either from the mint or major private offerers] and how much has been around the block a time or 2? If you are a dealer [esp. one with a shop] you likely either order inventory or have it walk in the door. Anyone care to offer a guess? >>
RE: 999 fine - We need to consider newly mined vs. recently remelt vs. true second hand but....My guesses for physical PMs sold this fall:
1. Newly mined: 2% tops. Remembering that 10% newly mined material would be an enormous amount and likely a theoretical cap.
2. The remaining 98% - at least 80% of it is second hand material (not remelts).
3. I'd be ordering if I could find 999 at melt, I can't imagine walk-ins are all that great with prices where they are.
Someone out there has to have some reliable stats for amount mined in 2014 vs. amount above ground.
there's billions of oz's out there, and last 3 years bullion sales was/is mostly new, whoth u think bought it all, lol... Retail... Untold millions.... And millions and times more, and millions more...
<< <i>
<< <i>of the silver and gold that is being sold these days is new material [either from the mint or major private offerers] and how much has been around the block a time or 2? If you are a dealer [esp. one with a shop] you likely either order inventory or have it walk in the door. Anyone care to offer a guess? >>
RE: 999 fine - We need to consider newly mined vs. recently remelt vs. true second hand but....My guesses for physical PMs sold this fall:
1. Newly mined: 2% tops. Remembering that 10% newly mined material would be an enormous amount and likely a theoretical cap.
2. The remaining 98% - at least 80% of it is second hand material (not remelts).
3. I'd be ordering if I could find 999 at melt, I can't imagine walk-ins are all that great with prices where they are.
Someone out there has to have some reliable stats for amount mined in 2014 vs. amount above ground.
Not quite what I was asking. How much of new manufacture [say 2014] bullion products is being bought and held as opposed to being bought and resold? Is the majority of silver at shows for example new/2014 silver or 2013 and older stuff? Are there more stackers than flippers?
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
<< <i>Not quite what I was asking. How much of new manufacture [say 2014] bullion products is being bought and held as opposed to being bought and resold? Is the majority of silver at shows for example new/2014 silver or 2013 and older stuff? Are there more stackers than flippers? >>
Gotcha - the election returns had me overanalyzing last night.
Far more stackers than flippers in this environment. I was flipping almost weekly in 2009-2011 on the way up and seemingly millions were doing the same. Now we've got the 1% diehards still stacking.
Anecdotal at best but it's what I got.