Silver Hits 6 Year Low

VanHalen

it was under $14 this morning at $13.9x. Melt on U.S. S$1 at $10.8x.



Kitco Article

DennisH

Anyone know where I can buy circ. Morgans even remotely close to melt?

VanHalen

Originally posted by: DennisH

Anyone know where I can buy circ. Morgans even remotely close to melt?

It wasn't that long ago, ~2007, that circ. Morgans were available for $15 when silver was ~$12.

guitarwes

The premiums for 90% is still in the mid-13X multiple. People want it. Pre-21 Morgans are in the low/mid-$20's.

bronco2078

Originally posted by: guitarwes
The premiums for 90% is still in the mid-13X multiple. People want it. Pre-21 Morgans are in the low/mid-$20's.

It might be a good time to sell morgans

derryb

might be a good time to question the pricing mechanism.

biosolar

I have a standing offer of 1 ounce round trade for a nice (VF) pre 21 Morgan.



Nick

Overdate

Even war nickels appear to be selling above melt.

Baley

Originally posted by: derryb

might be a good time to question the pricing mechanism.

The pricing of numismatic items with collector value, that are made of precious metals?



or of plain old industrial precious metals and paper contracts for same?



though related, there are many differences between them. Many people find this confusing

hchcoin

Prices move quickly on the way up. Prices are very sticky on the way down.

TwoSides2aCoin

Originally posted by: DennisH
Anyone know where I can buy circ. Morgans even remotely close to melt?

Just got a call for 500+ Will pay more. They're backing up the trucks, boss.

derryb

Originally posted by: Baley

Originally posted by: derryb
might be a good time to question the pricing mechanism.

The pricing of numismatic items with collector value, that are made of precious metals?

or of plain old industrial precious metals and paper contracts for same?

though related, there are many differences between them. Many people find this confusing

Paper price sets the floor on even numismatic items. With rare exception all gold coin prices rise and fall with paper price movement. Buyers of these items generally consider spot prices and the direction of movement of spot prices. Spot price is one of the factors affecting demand of these items. Demand influences price.

johnny9434

time to look around for more silver. just saying

derryb

In the near term, metals will continue to be at the mercy of a strong dollar and weak oil. The million ounce question is "how long before this changes?"




Will the FED attack the dollar or manipulate stronger oil prices to reach its 2% inflation goal? I think so.

bidask

We are all getting killed in the metal markets.

derryb

Originally posted by: bidask
We are all getting killed in the metal markets.

Only the sellers.

Baley

Seen copper and nickel prices lately?

OPA

Originally posted by: derryb

Originally posted by: bidask
We are all getting killed in the metal markets.

Only the sellers.

Some might be buried with our PM's waiting for the price to rebound

RedneckHB

Demand influences price.


So what you are saying is price is down because demand is down.

RedneckHB

Originally posted by: derryb
In the near term, metals will continue to be at the mercy of a strong dollar and weak oil. The million ounce question is "how long before this changes?"




Will the FED attack the dollar or manipulate stronger oil prices to reach its 2% inflation goal? I think so.

Mercy.....attack......manipulate.

I love this place. Lol

TwoSides2aCoin

Originally posted by: cohodk
Demand influences price.


So what you are saying is price is down because demand is down.

Ask any man who's into metal porn .

Spooning leads to forking

derryb

Originally posted by: cohodk
Demand influences price.


So what you are saying is price is down because demand is down.

Of course demand influences price. Thus the term "buyer's (or seller's) market."








I'm saying, for PM numismatic items, falling metal prices reduces demand for those numismatic items. One factor in demand for these coins is that they also have PM value. When that "added" value is threatened by falling PM prices, buyers are less willing to buy when considering the "investment" value. Again, rare PM coins are the exception as demand for them should increase when PM prices are reduced.

derryb

Originally posted by: cohodk

Originally posted by: derryb
In the near term, metals will continue to be at the mercy of a strong dollar and weak oil. The million ounce question is "how long before this changes?"




Will the FED attack the dollar or manipulate stronger oil prices to reach its 2% inflation goal? I think so.

Mercy.....attack......manipulate.

I love this place. Lol

Expected from someone who refuses to accept the fact that markets are manipulated. Why to you think there is a such thing as an FOMC. Read the financial news - markets are manipulated.








Precious metal are the exception.

RedneckHB

Originally posted by: derryb

Originally posted by: cohodk

Originally posted by: derryb
In the near term, metals will continue to be at the mercy of a strong dollar and weak oil. The million ounce question is "how long before this changes?"




Will the FED attack the dollar or manipulate stronger oil prices to reach its 2% inflation goal? I think so.

Mercy.....attack......manipulate.

I love this place. Lol

Expected from someone who refuses to accept the fact that markets are manipulated. Why to you think there is a such thing as an FOMC. Read the financial news - markets are manipulated.








Precious metal are the exception.

My contention is, has, and always will be, the extent and magnitude in which this takes place. We are at opposite ends of the spectrum.

The attack on manipulation theory will be merciless.

RedneckHB

Originally posted by: derryb

Originally posted by: cohodk
Demand influences price.


So what you are saying is price is down because demand is down.

Of course demand influences price. Thus the term "buyer's (or seller's) market."








I'm saying, for PM numismatic items, falling metal prices reduces demand for those numismatic items. One factor in demand for these coins is that they also have PM value. When that "added" value is threatened by falling PM prices, buyers are less willing to buy when considering the "investment" value. Again, rare PM coins are the exception as demand for them should increase when PM prices are reduced.

Yet when I said demand was not increasing your fervently disagreed. Lol. I really love this place.

fc

Just give it a bit more time. Silver will be under 10 dollars an ounce. That is the spot price where even paying a small premium seems bearable. I am a buyer at that price. Good value.

derryb

Originally posted by: cohodk

Originally posted by: derryb

Originally posted by: cohodk
Demand influences price.


So what you are saying is price is down because demand is down.

Of course demand influences price. Thus the term "buyer's (or seller's) market."








I'm saying, for PM numismatic items, falling metal prices reduces demand for those numismatic items. One factor in demand for these coins is that they also have PM value. When that "added" value is threatened by falling PM prices, buyers are less willing to buy when considering the "investment" value. Again, rare PM coins are the exception as demand for them should increase when PM prices are reduced.

Yet when I said demand was not increasing your fervently disagreed. Lol. I really love this place.

You are referring to when I said demand for gold/silver bullion has increased as prices have dropped. Reported sales confirm this. Bullion and gold/silver numismatics are two different animals. I do not put generic bullion coins in the same league as precious metal numismatics. Two different types of buyers who are buying for two different reasons. Allow your narrow mind to expand on occasion.

Unknown

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Unknown

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rawteam1

Originally posted by: derryb

Originally posted by: cohodk
Demand influences price.


So what you are saying is price is down because demand is down.

Of course demand influences price. Thus the term "buyer's (or seller's) market."








I'm saying, for PM numismatic items, falling metal prices reduces demand for those numismatic items. One factor in demand for these coins is that they also have PM value. When that "added" value is threatened by falling PM prices, buyers are less willing to buy when considering the "investment" value. Again, rare PM coins are the exception as demand for them should increase when PM prices are reduced.

I say you are wrong again... Numi items such as graded Morgans & saints were way higher when pm spot was significantly lower for years, so if anything rising prices reduced nominal or avg numi demand.. And I seriously doubt real numi items, say 4 instance a Stella or a Flowing Hair dollar ever recognize a spot price for input for value...

As usual your generalities, are feeble attempts to explain, heck whatever you are trying to explain, maybe your book ...

I say you are buried in your modern numi gold bullion...

derryb

Originally posted by: rawteam1

Originally posted by: derryb

Originally posted by: cohodk
Demand influences price.


So what you are saying is price is down because demand is down.

Of course demand influences price. Thus the term "buyer's (or seller's) market."








I'm saying, for PM numismatic items, falling metal prices reduces demand for those numismatic items. One factor in demand for these coins is that they also have PM value. When that "added" value is threatened by falling PM prices, buyers are less willing to buy when considering the "investment" value. Again, rare PM coins are the exception as demand for them should increase when PM prices are reduced.

I say you are wrong again... Numi items such as graded Morgans & saints were way higher when pm spot was significantly lower for years, so if anything rising prices reduced nominal or avg numi demand.. And I seriously doubt real numi items, say 4 instance a Stella or a Flowing Hair dollar ever recognize a spot price for input for value...

As usual your generalities, are feeble attempts to explain, heck whatever you are trying to explain, maybe your book ...

I say you are buried in your modern numi gold bullion...

and I say you should read with corrective lenses on before commenting on what has been posted, i.e. bullion vs. rarity.

Bochiman

Originally posted by: ProfHaroldHill

Was in one of my favorite shops recently, and they offered me all the flatware I wanted at melt. Was that a good price?

I'm sure it was.......for them!

jmski52

Still trying to wrap my head around how the Fed can create $4.5 trillion in new $$$$ and still have "too low" a rate of inflation. Aside from the usual jiggering of the numbers, that $4.5 trillion had to go somewhere.





I'm still firmly convinced that a chunk of it went to repair balance sheets from banking's gambling losses in an over-extended real estate market, and that most of those guilty execs should be prosecuted instead of being rewarded.





So, where did the money go? How did the banks get so far into the hole in the first place? We've not been clear about who the winning side was in the financial derivative game that the banks lost their shirts playing. Who was on the winning side (besides the ones who got free bailout money?)





Who's been buying private islands lately? It just sucks that nobody's ever been held accountable for these taxpayer bailouts. We know who gave the banks the money, so I *****ume that guys like Hank Paulson were also on the receiving end, via Goldman Sachs via AIG.





So, if you want a reason for holding, buying, selling, or trading precious metals - look no further than getting away from these types. They may or may not be manipulating the PM markets, but you can insulate your *****ets from these parasites by keeping your *****ets away from all of the fees, penalties, interest charges, vulnerability towards identity theft, counterparty risks, illicit tracking, corruption, and meddling that emanates from the political/banking/crony complex.





Yeah, the paper pricing data fluctuates - sometimes widely - but you can still manage your cost structure by averaging in, averaging out, and by planning ahead just a little bit. The physical market is always there.





Did I mention - that this new website is really screwed up, especially if you want to make a readable post with more than one paragraph? No wonder participation is dropping like a rock.

jmski52

LOL, and if you want to change one punctuation mark, this gem of a system erases all of the paragraph breaks that you just had to insert manually after the fact, so you get to do it all over again!



What's the point? It really is a disincentive to post anything.

RedneckHB

by keeping your *****ets away from all of the fees, penalties, interest charges, vulnerability towards identity theft, counterparty risks, illicit tracking




You also keep yourself away from one of the most powerful forces in the universe----compound interest.




Btw--how do you make paragraphs?

TwoSides2aCoin

Diving like a submarine

Hydrant

Buy at under $9.