Realistically now...
Seven
Posts: 53
How is silver trading at less than $12 oz relative to gold at over $900? Why are SAE and other bullion silver coins trading at or above $5 above spot which is almost a 50% premium over spot!? Why did some coin dude at NCNA try to sell me 2008 SAE at 2.50 more than the other years saying that there were much fewer produced than other years when this might be the highest production ever?
Got that, now tell me why the heck do PCGS and NGC give these modern coins so many 69's? For any dimwit out there that thinks modern coins aren't 90% 70's let me be the first to laugh. I can't begin to count how many I've cracked out and sent back in and got 70's. It really is so tiring to have to keep doing that when the coins are so much better struck these last 5 years that the 70's should be the rule and 69's the exception. I have to respect the buyer that laughs at these goofy grades and buys the coin and not the grade. Its almost always politics and market controls that there aren't more 70's in almost every example. And, almost any modern coin raw will sell as good or better than a 69 from any grading service.
Disagree? Let's here it!
Got that, now tell me why the heck do PCGS and NGC give these modern coins so many 69's? For any dimwit out there that thinks modern coins aren't 90% 70's let me be the first to laugh. I can't begin to count how many I've cracked out and sent back in and got 70's. It really is so tiring to have to keep doing that when the coins are so much better struck these last 5 years that the 70's should be the rule and 69's the exception. I have to respect the buyer that laughs at these goofy grades and buys the coin and not the grade. Its almost always politics and market controls that there aren't more 70's in almost every example. And, almost any modern coin raw will sell as good or better than a 69 from any grading service.
Disagree? Let's here it!
0
Comments
<< <i>Why are SAE and other bullion silver coins trading at or above $5 above spot which is almost a 50% premium over spot!? >>
Supply & demand. Spot prices are low which increased demand which decreased supply which increased actual prices above spot. One of two things will happen. Either supply will free up and actual prices will get closer to spot price or spot price will increase and be closer to the actual prices.
Silver is directly tied to the economy. When the economy goes into a recession the demand for
industrial metals decline.
That being said. Many here will disagree with me I am sure. But do any research and you will find the same answer.
I hold silver as an investment. But I don't look at it as the same type investment as my gold.
The reason for the ASE price difference is simple. Supply verses demand. People want to hold
physical silver. The spot price you see on the media is not the market price. At least not in this current market.
<< <i>Why are SAE and other bullion silver coins trading at or above $5 above spot which is almost a 50% premium over spot!? >>
I've seen people upset about this quite a bit lately. If SAEs are too expensive at the local dealer, I don't know why people don't just call up the guys who set the spot price and buy from them...
<< <i>NWTMINTBULLION.COM buy the rounds at $13 or buy the 100oz bars at ~1200. The price above spot has never been this high for the other bullion coins! >>
You will get this shipment sometime around December....
Yes, I just bought 5 oz platinum eagle 20 1/10, 8 1/4, and 2 1/2 and they said 10-12 weeks! But, are you in a rush? I'm not so much- you do have to be very patient with them however!
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<< <i>Why are SAE and other bullion silver coins trading at or above $5 above spot which is almost a 50% premium over spot!? >>
Supply & demand. Spot prices are low which increased demand which decreased supply which increased actual prices above spot. One of two things will happen. Either supply will free up and actual prices will get closer to spot price or spot price will increase and be closer to the actual prices. >>
Supply? Demand? Think: scam. Like oil, housing market, credit card availability etc. Silver for speculation is a promoted financial "product", demand can be manufactured (fake) just like supply can be restricted by those who hold contracts and inventories. Just watch it happen...
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Coinborg: Your distinctive coins will be added to my collection.
BS&T
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WTB: Toners, BU Darkside, Sovs & 20 Mark, LMU/SMU Gold.
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I can't begin to count how many I've cracked out and sent back in and got 70's. >>
Well, I'd be interested in hearing.