We could be over $2K gold by morning and $30 silver by end of week. People want melt and and not so much numismatics. I've been there during another hayday, trying to stack hundreds and hundreds of ounces of gold and silver with a good share of platinum and palladium to boot. Glad I am not riding this loony roller coaster anymore.
@Smudge said:
This is moving too fast for my comfort.
I hold a decent amount of gold and silver and I can tell you when it falls it does so with even more velocity. But, maybe it I’ll be different this time
m
Just as sure as Homicide Hunter trotted a 1:48 and 4 raw power mile ... I feel the upward velocity of Gold and Silver!! ... Sure it might take a breather ... but hopefully it's going to set an all time new high.
@Tomthecoinguy As PM prices go up, the wealth will start to shift from the people that held dollars to the people that held PMs. With more wealth in the hands of people interested in rare coins, it will help even collector coins.
Agree...
Saints priced over 1.5 spot haven't moved yet.
Still buying like normal.
@streeter said:
My observation is that when the GSR starts to fall...you have a VERY LIMITED amount of time to flip to gold.
Look back beyond recent history. The GSR corrections that began from the 2004 and 2008 peaks took 3 yrs to complete. And those corrections followed relatively short 2-3 yr rises. GSR just completed and incredible 9 yr rally from 2011-2020. it's going to take at least 3 yrs to bottom out GSR from here....and probably more like 4.5-5.5 yrs. We're only 3 months into this current GSR drop. And a LONG ways to go for stackers. Way too early to shift your ratio of gold to silver....to more gold. When GSR gets into the 50's or 40's then it might be a consideration. The 2011 GSR correction ended at 31. The one back in 1980 ended at 16. I'd say something between 15 to 45 would fit this time around.
looks to be a strong bull market now, gold was down 9 dollars just 30 minutes ago, now it's up 3.50, buyers are stepping in to buy on any type of sell off
@jmlanzaf said:
It's really not good news. But, hey, if things get bad enough, maybe you can buy some coins cheap
I agree that if things get bad, the PM will continue to climb. It may not mean buying opportunities in rare coins though. Because of the nature of coins many coin collectors also have precious metals. As PM prices go up, the wealth will start to shift from the people that held dollars to the people that held PMs. With more wealth in the hands of people interested in rare coins, it will help even collector coins.
I just bought two 55 ddo with money I made selling cheap gold! Point well taken! Neither one cost me a nickel only time and I'm retired !
what really does it matter?
it is what it is.
I watched silver now for several years closely and came to the following 2 conclusion:
1 The oriental market which opens hours before the US market sets the tone which is most often UP because solid
and substantial buy orders make it go up. It will not take a lot to clear 5K a day or more.
Then the US market opens and... you guessed it: it drops because the manipulators in the orient cover their short
position by selling what they bought an hour ago. They do it all without physically investing a cent and all within
hours or even minutes. Sometimes even before the accounting is done. They buy large quantities through
many different accounts and exchanges that one can only guess. Do the math yourself. It's just a Money game for
many orientals. The key like in all investments is the return in % within the shortest possible time.
2 The bullion market gets stoked and energized whenever the US Pres, or even another well known head of state in
the western world has a slight cough. or forgets what reality is by making some unexplainable statement. The
world does not believe them and investors run for cover.
The buyer / players in #1 win every time. If bullion goes higher than their buy because of the "cough", they bear it
off with profit, usually as soon as the US markets open... and they do it all over again the next day, and the next
day and the next day. Do the math: 100K Oz and you make 10 cent each. Oz.
Just do not get greedy...
forget to say: Silver is the better deal because your money or your credit (shorts) buys more units.
Isn’t there a forum here dedicated to “Precious Metals”? I lm here to read and learn about “U.S. Coins Forum”. Or should we start discussing New York stock exchange and post pics of our 401K?
I think a post about metal prices during a moment of all time highs is very appropriate. US Coin prices are changing daily because of this (some of them, at least).
@HashTag said:
Isn’t there a forum here dedicated to “Precious Metals”? I lm here to read and learn about “U.S. Coins Forum”. Or should we start discussing New York stock exchange and post pics of our 401K?
Thank goodness for forum police. Without them this place would wonder around everywhere without any direction. Just my dos pesos worth.
@HashTag said:
Isn’t there a forum here dedicated to “Precious Metals”? I lm here to read and learn about “U.S. Coins Forum”. Or should we start discussing New York stock exchange and post pics of our 401K?
It should be noted that PCGS posts current spot Gold and Silver prices on their website so why can't we talk about it here? If you don't want to read our comments don't click on this thread🙄
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
@Along said:
If silver is poor mans gold then what is copper?
Copper is a poor man's silver.
Actually, silver is NOT a poor man's gold. They are two totally different metals.
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
Now is the time I should get rid of all of those 1 oz. modern US mint commems that I unfortunately purchased in the 90's! Anyone interested in a Statue of Liberty Dollar?
Comments
We could be over $2K gold by morning and $30 silver by end of week. People want melt and and not so much numismatics. I've been there during another hayday, trying to stack hundreds and hundreds of ounces of gold and silver with a good share of platinum and palladium to boot. Glad I am not riding this loony roller coaster anymore.
Just as sure as Homicide Hunter trotted a 1:48 and 4 raw power mile ... I feel the upward velocity of Gold and Silver!! ... Sure it might take a breather ... but hopefully it's going to set an all time new high.
Wow! What a difference an hour makes! Last night the tide turned seemingly for no reason!
I'm thinking a sell off at $26.12 dropped it.
Hopefully very soon it takes off again.
Gold the same way.
Moving back up nicely.
I can see my new coin already.
Agree...
Saints priced over 1.5 spot haven't moved yet.
Still buying like normal.
My Saint Set
Look back beyond recent history. The GSR corrections that began from the 2004 and 2008 peaks took 3 yrs to complete. And those corrections followed relatively short 2-3 yr rises. GSR just completed and incredible 9 yr rally from 2011-2020. it's going to take at least 3 yrs to bottom out GSR from here....and probably more like 4.5-5.5 yrs. We're only 3 months into this current GSR drop. And a LONG ways to go for stackers. Way too early to shift your ratio of gold to silver....to more gold. When GSR gets into the 50's or 40's then it might be a consideration. The 2011 GSR correction ended at 31. The one back in 1980 ended at 16. I'd say something between 15 to 45 would fit this time around.
Let me recheck my tea leaves and chicken bones.....
Bad news because I don't have blocks to unload
looks to be a strong bull market now, gold was down 9 dollars just 30 minutes ago, now it's up 3.50, buyers are stepping in to buy on any type of sell off
I just bought two 55 ddo with money I made selling cheap gold! Point well taken! Neither one cost me a nickel only time and I'm retired !
Goldman Sachs raised its 1 year forecast for gold to $2,300.
what really does it matter?
it is what it is.
I watched silver now for several years closely and came to the following 2 conclusion:
1 The oriental market which opens hours before the US market sets the tone which is most often UP because solid
and substantial buy orders make it go up. It will not take a lot to clear 5K a day or more.
Then the US market opens and... you guessed it: it drops because the manipulators in the orient cover their short
position by selling what they bought an hour ago. They do it all without physically investing a cent and all within
hours or even minutes. Sometimes even before the accounting is done. They buy large quantities through
many different accounts and exchanges that one can only guess. Do the math yourself. It's just a Money game for
many orientals. The key like in all investments is the return in % within the shortest possible time.
2 The bullion market gets stoked and energized whenever the US Pres, or even another well known head of state in
the western world has a slight cough. or forgets what reality is by making some unexplainable statement. The
world does not believe them and investors run for cover.
The buyer / players in #1 win every time. If bullion goes higher than their buy because of the "cough", they bear it
off with profit, usually as soon as the US markets open... and they do it all over again the next day, and the next
day and the next day. Do the math: 100K Oz and you make 10 cent each. Oz.
Just do not get greedy...
forget to say: Silver is the better deal because your money or your credit (shorts) buys more units.
metals are unstable as most markets are nowadays, nothing investors can do but hold on for the ride
one day it's in the green the next in the red just depends on the real world factors and how they will affect the market
https://photos.app.goo.gl/amosQ58fi54gUrgX7
Gold $1981.66 up $19.98 right now.
Silver $24.37 up $0.81 right now.
Right now.
Gold $2028.32 up $47.09
Silver $25.07 up 1.64
I'm waiting for the boosters to kick in.
Silver $26.10
Gold $2023.20
as this was typed.
Isn’t there a forum here dedicated to “Precious Metals”? I lm here to read and learn about “U.S. Coins Forum”. Or should we start discussing New York stock exchange and post pics of our 401K?
https://www.pcgs.com/setregistry/collectors-showcase/date-sets/hashtags-prefect-coin-grading-service-1879/album/7621
You clicked on a thread titled "Gold and silver is taking off..." and expected to read about US coins?
I think a post about metal prices during a moment of all time highs is very appropriate. US Coin prices are changing daily because of this (some of them, at least).
Thank goodness for forum police. Without them this place would wonder around everywhere without any direction. Just my dos pesos worth.
It should be noted that PCGS posts current spot Gold and Silver prices on their website so why can't we talk about it here? If you don't want to read our comments don't click on this thread🙄
I personally think Gold and Silver is still low.
Enjoy!
Gold $2046.83 up $33.45
Silver $27.01 up $1.07
Right now.
TTT for HashTag.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I consider the ratio of gold to silver to mean nothing.
Apples to oranges. That's the ticket.
If silver is poor mans gold then what is copper?
A hobos nickel
Copper is a poor man's silver.
Actually, silver is NOT a poor man's gold. They are two totally different metals.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
How is copper not a totally different metal?
11.5$ Southern Dollars, The little “Big Easy” set
Gold $2072.16 up $28.12
Silver $28.99 up $2.08
Right now.
Wow, just saw silver...
Ag, Au, Pt, Pl all up at the close
1964s
Fool's gold?
my last gold purchase was a week ago, the coin already appreciated by 10 percent
Excellent ... Enjoy the ride ... l thinks it's going to be a wild one.
Silver up over $29 mark!
I'm buckled in.
Silver $29.90 up $2.99
Right now.
some idiot is selling silver proof sets below spot
https://www.ebay.com/itm/2003-U-S-Silver-Proof-Set/313174553750?epid=170487360&hash=item48eaa87496:g:V-QAAOSwx8xfLD4O
did someone on here just buy it? it sold like a minute after i posted
Now is the time I should get rid of all of those 1 oz. modern US mint commems that I unfortunately purchased in the 90's! Anyone interested in a Statue of Liberty Dollar?
keep checking for coins. when bullion runs, coins get flushed out!
saw a lot of stuff this past week i would not have normally saw.
go turn over rocks everyone and report back some interesting finds.