hOw ArE sIlVeR sAlEs GoInG ?
TwoSides2aCoin
Posts: 44,295 ✭✭✭✭✭
Tell me. I'm not a bullion dealer.
0
TwoSides2aCoin
Posts: 44,295 ✭✭✭✭✭
Comments
<< <i>Slower than Mike Tyson at a spelling bee. >>
This. Extremely slow.
Guess the purity factor. How are the GOLD buys ?
The bank has a vested interest. The banker doesn't care, either way. Nor does the landlord.
<< <i>
<< <i>Slower than Mike Tyson at a spelling bee. >>
This. Extremely slow. >>
Thats the apathy ive been sensing. I like it!!
Knowledge is the enemy of fear
Sales might be low but I don't think demand is low . I went to buy 90% today and got the last $2.50 available. I had to buy some Canadian to make up the difference of what I wanted to spend.
the 90% was at 12x the canadian was at melt and there was very little of that only 4 80% dollar coins . I left with money in my pocket which is unusual for me so I spent it at the fish pier
The store owner said people are calling or stopping by constantly looking for junk silver. He has ASE's and he is able to get $22 each for them
Spot needs to break really hard one way or the other to loosen the death grip of them trying to squeeze every last dime out of a 4 digit transaction. This slow death decline has them thinking unclearly.
<< <i>
<< <i>
<< <i>Slower than Mike Tyson at a spelling bee. >>
This. Extremely slow. >>
Thats the apathy ive been sensing. I like it!! >>
My comment refers to trying to sell here and other free venues. I have no idea if sales at shops or shows are slow or not.
<< <i>Entrenched in stalemate. They got it, but wont sell because they are brainwashed that "it has to go up, so I'll just hold it." It's really getting to the point of I'm going to spend my time and money doing something else.
Spot needs to break really hard one way or the other to loosen the death grip of them trying to squeeze every last dime out of a 4 digit transaction. This slow death decline has them thinking unclearly. >>
??? Where u been for 3+ years... Spot if that's your marker, has broken hard and the move is down, what do you want ?, the last 3% of value like the infamous "dollar is down 97%" talk... Pm's are down huge, it's major bear market its not a dream or a nightmare, even though many have gone insane, it's reality, and it's playing live like a Broadway show... Everywhere your eyes can see, and to boot, there is a huge amount of product available, you can buy all you want, no restrictions, no lack of supply...
And has any real major players gone belly up? Tulving? He was minor league compared to the big boys, not even more like pee wee...
None have ...
I have been holding mostly cash for a while now. I think we'll have another dip in the nearish future which will kick-start some more panic selling, followed by a big swing upward from those hoarding cash right now.
Liberty: Parent of Science & Industry
Just looking at one website, the buy/sell spread is around 9.6% for 90% quarters.
The buy price premium to spot is 2.2%.
The sell price premium to spot is 11.8%.
What premium did you pay? What premium are you asking?
I knew it would happen.
<< <i>I've been trying all month to sell some silver quarters and no takers so far.. what, no one wants to pay a "premium"? I paid a "premium" when I bought them, how come I can't get it back??
Just looking at one website, the buy/sell spread is around 9.6% for 90% quarters.
The buy price premium to spot is 2.2%.
The sell price premium to spot is 11.8%.
What premium did you pay? What premium are you asking? >>
That's cheap, everything else you buy the markup is 100% plus...
Liberty: Parent of Science & Industry
I have been holding mostly cash for a while now. I think we'll have another dip in the nearish future which will kick-start some more panic selling, followed by a big swing upward from those hoarding cash right now
I couldn't agree more, esp. the part about already sitting on enough and why buy when there's no end in site of the current "bear market". Don't get me wrong, I want to buy, but not at the death grip rates dealers have on their product. Maybe if I was still looking to add a significant amount I'd take advantage of these "bargains", but I already have way more than I probably should even. Truth be told, if Spot could somehow some way get to around $19-20, I'd sell every oz. I have without hesitation cuz that's where I'm cost avgd.
And I've been here almost 6 years, not 3, but I did go on vacation a couple times for a few months
So we cannot deny what's gone up and down since I can remember back in the 70's….. On the "few" occasions it has spiked, multitudes have profited. On the rare occasions it crashes, multitudes have "lost"…. IF THEY SOLD. Stackers will stack until they die with 7 million dollars worth of gold in their house like that man in Vegas a few years ago… .Anyone remember that ?
Old sayings never die : "You can't take it with you "
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
<< <i>The jist of the vibe I've been sensing is that people needing to sell now are very reluctant to do so. Those (many) wanting to buy are sitting on enough metal already and are decreasing the amount/frequency they are buying at current pricing.
I have been holding mostly cash for a while now. I think we'll have another dip in the nearish future which will kick-start some more panic selling, followed by a big swing upward from those hoarding cash right now
I couldn't agree more, esp. the part about already sitting on enough and why buy when there's no end in site of the current "bear market". Don't get me wrong, I want to buy, but not at the death grip rates dealers have on their product. Maybe if I was still looking to add a significant amount I'd take advantage of these "bargains", but I already have way more than I probably should even. Truth be told, if Spot could somehow some way get to around $19-20, I'd sell every oz. I have without hesitation cuz that's where I'm cost avgd.
And I've been here almost 6 years, not 3, but I did go on vacation a couple times for a few months
What are dealers sitting on so tightly? Surely can't be ASEs.
"Truth be told, if Spot could somehow some way get to around $19-20, I'd sell every oz. I have without hesitation cuz that's where I'm cost avgd."
I hear you there, sittin in the same boat.
<< <i>by your title...up and down? >>
That was directed to/by me kinda/sorta maybe.
<< <i>by your title...up and down? >>
Finally
<< <i>lol Tom. Kinda sorta. Partially true. A combination of things, really. >>
I hear you there, sittin in the same boat."
This is typical market psychology. Bought thinking it would go up.
It goes down. Stayes down or keeps going lower.
Wishing and praying it goes up at least to a break even bail out price point.
Lots here looking for this to happen will keep a ceiling on any possible price raise.
JMHO.
<< <i>"Truth be told, if Spot could somehow some way get to around $19-20, I'd sell every oz. I have without hesitation cuz that's where I'm cost avgd."
I hear you there, sittin in the same boat."
This is typical market psychology. Bought thinking it would go up.
It goes down. Stayes down or keeps going lower.
Wishing and praying it goes up at least to a break even bail out price point.
Lots here looking for this to happen will keep a ceiling on any possible price raise.
JMHO. >>
Actually it was a matter of DCAing down. The last few years it has been cyclical offering both buying and selling opportunities. Hopefully it will pop just enough to clean house.
<< <i>"Truth be told, if Spot could somehow some way get to around $19-20, I'd sell every oz. I have without hesitation cuz that's where I'm cost avgd."
I hear you there, sittin in the same boat."
This is typical market psychology. Bought thinking it would go up.
It goes down. Stayes down or keeps going lower.
Wishing and praying it goes up at least to a break even bail out price point.
Lots here looking for this to happen will keep a ceiling on any possible price raise.
JMHO. >>
Owners of physical don't move spot anymore. The paper pushers do that. Physical stackers can at best push premiums to spot up or down.
<< <i>
<< <i>"Truth be told, if Spot could somehow some way get to around $19-20, I'd sell every oz. I have without hesitation cuz that's where I'm cost avgd."
I hear you there, sittin in the same boat."
This is typical market psychology. Bought thinking it would go up.
It goes down. Stayes down or keeps going lower.
Wishing and praying it goes up at least to a break even bail out price point.
Lots here looking for this to happen will keep a ceiling on any possible price raise.
JMHO. >>
Owners of physical don't move spot anymore. The paper pushers do that. Physical stackers can at best push premiums to spot up or down. >>
The phone moves me… then I move the paper… then the metal arrives…. then it moves physically. That's been my experience with vacuum cleaners, cars, rugs, shop towels, roofs, siding, gutters, auto parts, and most other things (including people).
Even coins for that matter. But I'm a very simple minded fellow who aspires to continue on that path.
I'd move mountains with a little shovel,
Now, if I had a hammer
I'd sell it to a pawn broker.
bob
Sharp pencil.
if I could go $350 and I said yes if free delivery and they agreed.
bob
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