And today at the Tennessee State show, SilverTowne was PAYING 26.40 for .999 silver. Sold 4 -5 ounce bars for a friend that brought over 500 dollars!!! There were sellers three deep at their table. Shag
<< <i>Last week's Coin World said this very thing. They used generic silver Washington Quarters as an example. At $5 each, many people won't buy them.
They will, when silver hits $28-$29/oz.
Silver has its eyes set on the $35/oz rebound price from the 1980 high. Could take that out by next year. Then it's on to $50. >>
I don't disagree in the least.
But this might not just be a garden style increase to make up the lost ground while it was being manipulated. There are a few other possibilities but don't discount the chance that this is The move. Psychology can change very suddenly when people come to believe that the gold/ silver ratio has been far out of kilter for generations. It's entirely possible all this activity is either prelude to or caused by the beginning of this change.
Moves in the near future could be much more dramatic than most think possible.
Again your scenario is more likely but watch out if people ever turn to silver because there isn't nearly enough in existence to fill much demand except at far higher prices.
There is still some possibility that the manipulators can regain control.
There's also still the problem with derivatives which could destabilizing and cause political problems if silver continues this torrid advance or accelerates.
Get readdy for the crash,at least i hope it does,back to around $8.00 silver and $500.00 gold..I hope it crashes before the dealers have time to get rid of theirs at high prices so they take a loss for the way they rip people off
And I'm sure nobody in 2009 thought this would happen......................MJ
Gasoline up 25% Wheat up 74% Coffee up 27% Oats up 68% Corn up 14% Pork up 60% Cotton up 66% Sugar up 44% Copper up 37% Silver up 36% Beef up 18%
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I say a correction to $20 is possible if the stock market gets hit hard but if it does hit $20 I think it's time to back up the truck. $200 should be very achievable in the years to come.
<< <i>Get readdy for the crash,at least i hope it does,back to around $8.00 silver and $500.00 gold..I hope it crashes before the dealers have time to get rid of theirs at high prices so they take a loss for the way they rip people off >>
You guys thinking silver is going to come back down any time in the reasonably-foreseeable future must be living in a vacuum. There are two major markets out there that are responsible for those rising prices, China and India. As the standards of living in those economies continue to prosper, so goes their demand for precious metals, across the board, not only for traditional investment purposes and as a hedge against inflation, but for industrial, even luxury uses, as well. That's the reason these rises in precious metals prices defy all traditional economic analysis.
On the nature of markets, generally, markets never go up or down in a straight line, they rather zig and zag. They go up until they reach arbitrary sell-off points, then they go down, then they repeat that process. The thing to understand about today's precious metals market is, the trend is upward, and for the reasons aforestated. Unless those economies come to a grinding halt, it's going to continue that way, unabated.
<< <i>Get readdy for the crash,at least i hope it does,back to around $8.00 silver and $500.00 gold..I hope it crashes before the dealers have time to get rid of theirs at high prices so they take a loss for the way they rip people off >>
On what planet are you living? ... With the $ value declining almost on a daily basis...The US trillions of $ in debt, which btw will never be repaid. Your scenario is almost as far fetched as $5000 gold and $100 silver....
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
I have an order for 2009 6 piece silver quarter sets from the mint. They are now worth more than melt. The order shows "in stock and reserved" with no cancel box.
Over at the PM forum I said $30 before $20 two months ago. It was just a guess on momo...didn't think it would happen so fast. Not there yet but what a ride.
<< <i>I have an order for 2009 6 piece silver quarter sets from the mint. They are now worth more than melt. The order shows "in stock and reserved" with no cancel box.
Could the US mint still cancel my order? >>
As far as I know the mint can cancel your order at anytime for any non specified reason.
<< <i>My order of 2009 six silver quarter sets have shipped! >>
I ordered mine on 11/3, still shows as backordered, and expoected to ship 11/23, with the Cancel box gone...
Got a few other items I ordered along with them, those all show "in stock and reserved"... also, no Cancel box...
What does that mean?
Edited to add Cancel Box reappeared overnight, while everything else I'd ordered has been shipped 11/9 (received 2 of 4 items today) - go figure... Mint's website says it shipped today, 11/9, and I RECEIVED one package today, 11/9. I wonder where the other box is?
And if the Cancel Box reappeared, does that mean the Silver Proof DC/Terr order could still be cancelled by the Mint? S'pose so...
UBERCOINER
A Truth That's Told With Bad Intent Beats All The Lies You Can Invent
Well, I received an email this morning that my order for the 2009 DC/Territory Silver Proofs was cancelled, due to being sold out...
It took them awhile, though I wonder if this is a goof, or glitch somwhow tied to the ASE emails stating same which went out the last couple days... don't suppose there's any way they'll reinstate the order if it is a mistake... just wondering...
UBERCOINER
A Truth That's Told With Bad Intent Beats All The Lies You Can Invent
<< <i>You won't find many of these for under $40 either. There are no buy-it-now's less than $40 and very few of these listed at all. Let's face it $30 silver eagles from 2008 less than $40 are gone and the 2007 are fast disappearing also and will be gone by the time this weekend is over in my opinion. >>
Today on buy it now we have the following listings;
2008W-0 under $40 18 under $50
2007W -48 under $40 47 under $50
The 2008 has a lower mintage than the 2007.
Better grab some of these quickly if you want them.
It was 3 years ago this month I started a thread with a giveaway of one ounce of silver to whoever could guess when silver might hit $15. Bochiman was one of the winners (I sent Mercury dimes from Canada). As to what silver may do in the near term: Anything is possible, but sitting on the sidelines is never as fun as being "in the game".
I've seen others state that $23 could be the new possible "low" , or "resistance level", from what I'm interpreting. That's low considering in 1933, 20 Peace dollars could purchase a gold Double Eagle. At todays exchange rate, it would take 64 Peace dollars to do the same thing.
Silver is back down to $26 and gold took a big hit, Friday, too. Silver turned back just as it had approached $30, and gold, just as it had hit $1400. In my view, those were simply arbitrary numbers the quick investors had set to get out at. Those are the guys who got in in the last several months with their big money, and they're cashing off, now, while the rest of the market is seeing that, and playing follow the leader. The spot prices will go back up and surpass those arbitrary rake-off numbers, just give the market time to gear-up, again.
Then watch out. You won't be able to touch those silver " W" eagles under $60. I know I will be pricing mine higher this week. I have been buying more and more of them on the way up to balance off what I sell.
Comments
I never dreamed I was being conservative!
JT
I collect all 20th century series except gold including those series that ended there.
<< <i>...I'm with the guy who stated the price will top out @ $600,000,000,000 an oz. >>
At that price all the 1804 dollars will be tossed into junk silver bags!
My Adolph A. Weinman signature
<< <i>
<< <i>
<< <i>...when it dipped under $10 last year.
That never happened. >>
it happened...
well that's not last year?
Successful Trades: Swampboy,
<< <i>...I'm with the guy who stated the price will top out @ $600,000,000,000 an oz.
Successful Trades: Swampboy,
They will, when silver hits $28-$29/oz.
Silver has its eyes set on the $35/oz rebound price from the 1980 high. Could take that out by next year. Then it's on to $50.
roadrunner
<< <i>Last week's Coin World said this very thing. They used generic silver Washington Quarters as an example. At $5 each, many people won't buy them.
They will, when silver hits $28-$29/oz.
Silver has its eyes set on the $35/oz rebound price from the 1980 high. Could take that out by next year. Then it's on to $50.
>>
I don't disagree in the least.
But this might not just be a garden style increase to make up the lost ground
while it was being manipulated. There are a few other possibilities but don't discount
the chance that this is The move. Psychology can change very suddenly when people
come to believe that the gold/ silver ratio has been far out of kilter for generations. It's
entirely possible all this activity is either prelude to or caused by the beginning of this change.
Moves in the near future could be much more dramatic than most think possible.
Again your scenario is more likely but watch out if people ever turn to silver because there isn't
nearly enough in existence to fill much demand except at far higher prices.
There is still some possibility that the manipulators can regain control.
There's also still the problem with derivatives which could destabilizing and cause political problems
if silver continues this torrid advance or accelerates.
I'm scratching my head trying to recall all those that said I was a fool. Specifically about this, if you please.
Looks like the retreat from $50 was just a temporary pullback after all!
My Adolph A. Weinman signature
60 years into this hobby and I'm still working on my Lincoln set!
Gasoline up 25%
Wheat up 74%
Coffee up 27%
Oats up 68%
Corn up 14%
Pork up 60%
Cotton up 66%
Sugar up 44%
Copper up 37%
Silver up 36%
Beef up 18%
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>I used 8% cash back on Bing to buy slightly under market in June average @18.49/oz off eBay.
Bought at 18 in Baltimore. End of show day and dealer wanted to clean out inventory of junk silver.
Looking at silver eagle buy it now's availability this morning
2007 W
42 available under $40
2008 W
11 available under $40
23 available under $50
WoW!
<< <i>And I'm sure nobody in 2009 thought this would happen......................MJ
Gasoline up 25%
Wheat up 74%
Coffee up 27%
Oats up 68%
Corn up 14%
Pork up 60%
Cotton up 66%
Sugar up 44%
Copper up 37%
Silver up 36%
Beef up 18% >>
That's what a few trillion of thrown around and devalued dollars will do.
And the devalued dollars are just beginning to take hold.
<< <i>Get readdy for the crash,at least i hope it does,back to around $8.00 silver and $500.00 gold..I hope it crashes before the dealers have time to get rid of theirs at high prices so they take a loss for the way they rip people off >>
How exactly are they ripping people off?
On the nature of markets, generally, markets never go up or down in a straight line, they rather zig and zag. They go up until they reach arbitrary sell-off points, then they go down, then they repeat that process. The thing to understand about today's precious metals market is, the trend is upward, and for the reasons aforestated. Unless those economies come to a grinding halt, it's going to continue that way, unabated.
<< <i>Get readdy for the crash,at least i hope it does,back to around $8.00 silver and $500.00 gold..I hope it crashes before the dealers have time to get rid of theirs at high prices so they take a loss for the way they rip people off >>
On what planet are you living? ... With the $ value declining almost on a daily basis...The US trillions of $ in debt, which btw will never be repaid. Your scenario is almost as far fetched as $5000 gold and $100 silver....
What's so far fetched about $5000 gold and $100 silver?
My Adolph A. Weinman signature
I am just watching those eagles take off on ebay. You will not be able to touch them for less than $50 each soon (maybe by the end of the week).
Could the US mint still cancel my order?
<< <i>I have an order for 2009 6 piece silver quarter sets from the mint. They are now worth more than melt. The order shows "in stock and reserved" with no cancel box.
Could the US mint still cancel my order? >>
As far as I know the mint can cancel your order at anytime for any non specified reason.
<< <i>My order of 2009 six silver quarter sets have shipped! >>
Got mine this morning!
Market closed up $1.00 today.
<< <i>Market closed up $1.00 today. >>
A $10 roll of 90% silver halves is over $200. Almost takes your breath away. I'm ready to quit my day job and take up roll-searching.
<< <i>My order of 2009 six silver quarter sets have shipped! >>
I ordered mine on 11/3, still shows as backordered, and expoected to ship 11/23, with the Cancel box gone...
Got a few other items I ordered along with them, those all show "in stock and reserved"... also, no Cancel box...
What does that mean?
Edited to add Cancel Box reappeared overnight, while everything else I'd ordered has been shipped 11/9 (received 2 of 4 items today) - go figure... Mint's website says it shipped today, 11/9, and I RECEIVED one package today, 11/9. I wonder where the other box is?
And if the Cancel Box reappeared, does that mean the Silver Proof DC/Terr order could still be cancelled by the Mint? S'pose so...
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
Silver poised to break $29.00 today !
I was just looking at the Mint website. I guess those six-coin 2009 silver quarter sets were about melt price at $30, eh?
Silver seems to be the only thing above water right now. Gold & platinum are both down this morning.
It took them awhile, though I wonder if this is a goof, or glitch somwhow tied to the ASE emails stating same which went out the last couple days... don't suppose there's any way they'll reinstate the order if it is a mistake... just wondering...
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
<< <i>You won't find many of these for under $40 either. There are no buy-it-now's less than $40 and very few of these listed at all. Let's face it $30 silver eagles from 2008 less than $40 are gone and the 2007 are fast disappearing also and will be gone by the time this weekend is over in my opinion. >>
Today on buy it now we have the following listings;
2008W-0 under $40
18 under $50
2007W -48 under $40
47 under $50
The 2008 has a lower mintage than the 2007.
Better grab some of these quickly if you want them.
I've seen others state that $23 could be the new possible "low" , or "resistance level", from what I'm interpreting. That's low considering in 1933, 20 Peace dollars could purchase a gold Double Eagle. At todays exchange rate, it would take 64 Peace dollars to do the same thing.
There's a pun in there somewhere.
``https://ebay.us/m/KxolR5
Then watch out. You won't be able to touch those silver " W" eagles under $60. I know I will be pricing mine higher this week. I have been buying more and more of them on the way up to balance off what I sell.
The Asian market just opened and silver is up 27 cents.