Home Precious Metals

Congratulations to silver! New all time high: $49.82!!!

ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
Congratulations to silver and those who own it, new 30 year high: $49.75+ (Comex Silver Contract)
«13456710

Comments

  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Wow - that was quite a bounce last night.
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • Wolf359Wolf359 Posts: 7,653 ✭✭✭
    This thread is validation that ProofCollection is actually an algo that never sleeps.
  • Dare I say Jim Cramer appears to be right this time image
  • PerryHallPerryHall Posts: 45,301 ✭✭✭✭✭


    << <i>Dare I say Jim Cramer appears to be right this time image >>



    Even a broken clock is right twice a day.image

    Worry is the interest you pay on a debt you may not owe.

  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Updated for 22.55
  • ksammutksammut Posts: 1,069 ✭✭✭
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.

    My Numismatics with Kenny eBay Store Over 6000 listings and growing with more than 35,000 items sold

    My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • ksammutksammut Posts: 1,069 ✭✭✭
    Silver stocks are making a nice move too! I have been waiting awhile for the gold and silver miners to make their move up.
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.

    My Numismatics with Kenny eBay Store Over 6000 listings and growing with more than 35,000 items sold

    My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • Wolf359Wolf359 Posts: 7,653 ✭✭✭

    I think we're seeing some panic short covering going on in Silver.
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Update for 22.75
  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    Coming down the stretch, Silver is leading by a nose .... with Palladium nipping at her heels image

    PALLADIUM


    10/05/2010 14:59 577.00 - 582.00 +18.00 +3.22%

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now $23!!!
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now 23.25!
  • jmski52jmski52 Posts: 22,306 ✭✭✭✭✭
    So, I'm just sittin' here, watching silver go up, tick by tick...image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now 35.53. New target is 24.04.
  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    Ooops...now at $22.76 .... should have sold more when it was at $23+image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • The sky is falling....the sky is fallingimage
    UCSB Electrical Engineering....... USCG and NASA
  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    Kitco website having problems ........ market must be taking a hitimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Updated for 23.775
  • johnny9434johnny9434 Posts: 27,412 ✭✭✭✭✭


    << <i>Dare I say Jim Cramer appears to be right this time image >>



    every once and a while he hits it right. im still leary of anything thats goldman/slacks. hes one of them
  • bestmrbestmr Posts: 1,761 ✭✭✭
    It's SOOOOOO close to $24!! image
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • dontippetdontippet Posts: 2,581 ✭✭✭✭


    << <i>It's SOOOOOO close to $24!! image >>



    Not anymore. It cracked $24 and decided to go back down a tad.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now $24!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Darn, if only Warren Buffet had kept those 120,000,000 ounces he bought in the 1990's at around $7/ounce.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now 24.25+
  • CaptHenwayCaptHenway Posts: 31,499 ✭✭✭✭✭
    Dollar slowly sinking into the sunset........
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • dont send sheep to kill a wolf...
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now 24.65!
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Now 24.95!
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    Smoehow it's just not as exciting when the USD is rapidly degrading towards 75...
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Well my 150 2000 silver proof sets are finally worth the $31.95 I paid for them 10 years ago.image
  • johnny9434johnny9434 Posts: 27,412 ✭✭✭✭✭
    ya gotta love it. go silver $30 spot image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    That puts the melt value of silver dollars at $19.20. I may be finally able to sell some of those better date XF/AU circs I bought 2 yrs ago for around $18-$22 each. image

    At what level do we see damage free VG-XF circs hitting the melting pot?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • DrBusterDrBuster Posts: 5,301 ✭✭✭✭✭
    I just checked apmex and boy are they either out of a bunch of stuff, or pulling availability to sit on inventory for the further climb.
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭


    << <i>At what level do we see damage free VG-XF circs hitting the melting pot? >>



    Never, if I have any say in it!


  • << <i>I just checked apmex and boy are they either out of a bunch of stuff, or pulling availability to sit on inventory for the further climb. >>



    Apmex has been advertising everywhere recently. I see them on all sorts of political sites... probably lots of new customers.
  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    Updated for $25.00
  • OPAOPA Posts: 17,104 ✭✭✭✭✭


    << <i>I just checked apmex and boy are they either out of a bunch of stuff, or pulling availability to sit on inventory for the further climb. >>



    In a rising market when selling, they make a fortune. I doubt if they are sitting on anything.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PreTurbPreTurb Posts: 1,182 ✭✭✭
    It seems there is a fair amount of reluctance, among CU members, to buy 90% silver on the buy/sell board, even when offered way under spot. This would seem to be the collective wisdom of numerous PM-bugs. If so, then who is buying? Should I see this as a market top? (as I would think, as a group, the PM-bugs, having paid a lot of attention to this market, would generally know when to buy or sell)...
  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    check out eBay...PM's are selling like hotcakes, but only if they are in an auction and not a fixed auction format. Common silver bullion @ $1.50 - $2.50+ above spot.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    It seems there is a fair amount of reluctance, among CU members, to buy 90% silver on the buy/sell board, even when offered way under spot. This would seem to be the collective wisdom of numerous PM-bugs. If so, then who is buying? Should I see this as a market top? (as I would think, as a group, the PM-bugs, having paid a lot of attention to this market, would generally know when to buy or sell)...

    Who's buying? Probably those with a lot more money than any of us could even dream about. We here at the forum are just insignificant peons in the silver game. The guys stacking the 1,000 oz bars are the ones with the dough.

    Now that silver has reached the high from earlier this month, is it time to try to tack on that handle to the cup? But now even gold seems to be wanting to rev up higher as well.

    roadrunner

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • ksammutksammut Posts: 1,069 ✭✭✭


    << <i>It seems there is a fair amount of reluctance, among CU members, to buy 90% silver on the buy/sell board, even when offered way under spot. This would seem to be the collective wisdom of numerous PM-bugs. If so, then who is buying? Should I see this as a market top? (as I would think, as a group, the PM-bugs, having paid a lot of attention to this market, would generally know when to buy or sell)...

    Who's buying? Probably those with a lot more money than any of us could even dream about. We here at the forum are just insignificant peons in the silver game. The guys stacking the 1,000 oz bars are the ones with the dough.

    Now that silver has reached the high from earlier this month, is it time to try to tack on that handle to the cup? But now even gold seems to be wanting to rev up higher as well.

    roadrunner >>



    Well said. It would only take a few big money people/funds to make silver jump. Even 10,000 ounces at $25 to the wealthy is not a significant amount. If a number of funds or wealthy individuals worked together (or simply at the same time) and took delivery, we could see silver mover up $ per day versus cents per day. It would be a lot easier to corner the market today than when the Hunt Brothers tried to do it in the late 70s into early 1980. Between industrial demand and a lot of small investor demand, the amount of silver available for delivery is relatively small. In addition, there were no ETFs or other funds back then that invested in silver.
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.

    My Numismatics with Kenny eBay Store Over 6000 listings and growing with more than 35,000 items sold

    My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.



  • << <i>It seems there is a fair amount of reluctance, among CU members, to buy 90% silver on the buy/sell board, even when offered way under spot. >>

    I don't know about the BST, but I have to give a big "Thank You" to the eBay buyers who are able to identify for me the stuff in my store that I haven't managed to keep updated with current silver prices. They've been finding items that I have priced 20% below melt and making offers 20-30% below that. Decline offer, raise price- thanks, guys!
  • OverdateOverdate Posts: 6,903 ✭✭✭✭✭
    $25.03 bid.

    My Adolph A. Weinman signature :)

  • ProofCollectionProofCollection Posts: 5,321 ✭✭✭✭✭
    The guys on this board aren't your typical buyers - we have been buying for years and years. I feel that I pretty much finished my buying last year, so I'm not buying anything now unless it's a steal. J6P is just catching up, and he is going to be doing the buying - on Ebay, not here.
  • cladkingcladking Posts: 28,307 ✭✭✭✭✭


    << <i>

    << <i>It seems there is a fair amount of reluctance, among CU members, to buy 90% silver on the buy/sell board, even when offered way under spot. This would seem to be the collective wisdom of numerous PM-bugs. If so, then who is buying? Should I see this as a market top? (as I would think, as a group, the PM-bugs, having paid a lot of attention to this market, would generally know when to buy or sell)...

    Who's buying? Probably those with a lot more money than any of us could even dream about. We here at the forum are just insignificant peons in the silver game. The guys stacking the 1,000 oz bars are the ones with the dough.

    Now that silver has reached the high from earlier this month, is it time to try to tack on that handle to the cup? But now even gold seems to be wanting to rev up higher as well.

    roadrunner >>



    Well said. It would only take a few big money people/funds to make silver jump. Even 10,000 ounces at $25 to the wealthy is not a significant amount. If a number of funds or wealthy individuals worked together (or simply at the same time) and took delivery, we could see silver mover up $ per day versus cents per day. It would be a lot easier to corner the market today than when the Hunt Brothers tried to do it in the late 70s into early 1980. Between industrial demand and a lot of small investor demand, the amount of silver available for delivery is relatively small. In addition, there were no ETFs or other funds back then that invested in silver. >>




    There isn't any household silver any longer either. All the silverware and teapots got melted
    down backin 1980 and mostly havenm't been replaced. The public sold most of their silver and
    it's gone, used up.

    You don't see ads on TV offering pennies on the dollars for silver because there just isn't
    much out there. People replaced their gold jewelry to a much greater extent than their silver.
    Tempus fugit.
  • Banks, hedge funds, and institutional investors move the markets, not any common folks.

    I hear of nations increasing their gold supply. I have yet to read about them stocking their silver supply, thus
    I am a little hesitant to buy silver as opposed to gold right now.
  • jmski52jmski52 Posts: 22,306 ✭✭✭✭✭
    It seems there is a fair amount of reluctance, among CU members, to buy 90% silver on the buy/sell board, even when offered way under spot. This would seem to be the collective wisdom of numerous PM-bugs. If so, then who is buying? Should I see this as a market top? (as I would think, as a group, the PM-bugs, having paid a lot of attention to this market, would generally know when to buy or sell)...

    It depends on what's being offered and whether or not it is what I'm looking for. It also depends on whether or not I have accumulated the amount of capital that I know it takes to buy what I am looking for. Whether it is a large buy or a small one, I imagine that the situation is similar for any other pm bug.

    The "when to buy or sell" equation is a collection of individual perceptions about the market combined with a collection of individual personal situations. That is what makes a market.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ksammutksammut Posts: 1,069 ✭✭✭


    << <i>Banks, hedge funds, and institutional investors move the markets, not any common folks.

    I hear of nations increasing their gold supply. I have yet to read about them stocking their silver supply, thus
    I am a little hesitant to buy silver as opposed to gold right now. >>



    China is stockpiling silver. Instead of purchasing it on the open market, they are mining it in their own mines. They will need it for their own industrial use and may be thinking that along with gold, silver will be part of a broader basket of currencies should the dollar collapse.

    Last year, demand was greater than supply (silver mined in 2009) by over 150 million ounces. That demand came from industrial users and investors. China and other countries know that (unlike gold) if they made it public that they were purchasing silver, the price would rise dramatically as the worldwide supply is small. They would be competing with industrial users.

    Silver will have its day.
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.

    My Numismatics with Kenny eBay Store Over 6000 listings and growing with more than 35,000 items sold

    My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

Sign In or Register to comment.