At what price are you selling?

Discussion in 'Silver' started by SilverDJ, Aug 5, 2020.

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At what price will you start selling? (AUD)

  1. NOW

    8 vote(s)
    7.5%
  2. $38

    2 vote(s)
    1.9%
  3. $40

    5 vote(s)
    4.7%
  4. $42

    3 vote(s)
    2.8%
  5. $44

    3 vote(s)
    2.8%
  6. $46

    1 vote(s)
    0.9%
  7. $48

    3 vote(s)
    2.8%
  8. $50

    15 vote(s)
    14.0%
  9. Way over $50

    59 vote(s)
    55.1%
  10. NEVER

    8 vote(s)
    7.5%
  1. hardyakkagold

    hardyakkagold Well-Known Member

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    Same with me, always up and about looking for a precious metals bargain, and surprisingly finding a lot more than I thought I would.

    With the current government fiat money splash outs everywhere, I thought there would be more competition for real money, but it looks like most
    sheeple are still totally clueless as to what is about to hit them full on frontal.

    To me the hunt for bargains is half the fun of stacking, and it keeps me occupied while waiting for true price discovery to occur in gold and silver.

    Selling at present only lower quality gold coins and using the proceeds to purchase better quality coins for the same price or even lower at times.

    In regards to silver I am at present only concentrating on selling numismatic silver coins those which I can sell for double and triple spot price, and reinvesting
    the money in cheaper bullion silver, that is one way to increase the stack and have some fun in the process.;)

    Happy stacking 2021 to everyone on the forum:)
     
  2. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    I've generally done the opposite - sorting the strongest numismatic, selling weaker numi for stronger and selling bullion. My rationale is asset price is ripping through most things except bullion and bullion's missing out probably because combination of expected deflation and cryptocurrency.

    Not agrainst bullion at all, just think it's buying high here.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Competition for real money looks pretty stiff to me:

    [​IMG]
     
  4. hardyakkagold

    hardyakkagold Well-Known Member

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    Actually I buy my numismatic silver coins on the wholesale auction market, @nicotineandcaffeine, at prices not much over spot so it makes sense (and dollars)
    reselling it soon after at vastly higher prices if some people are happy to pay double, triple, and even quadruple spot price for this sort of thing.

    It would not make as much sense (or money) to be reselling this stuff if I had purchased at the inflated retail prices in the first place.

    Some of the prices this stuff brings on eBay and elsewhere is quite mind boggling, as an example I purchased a 2 oz high relief Sydney harbour bridge silver coin
    issued by one of these small Pacific Islands a few months back for about $80, and I see that it sells for about $300 online, so quite a nice little earner.
     
  5. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Doesn't happen often though does it. The best numismatics never fall anywhere near spot. Best modern example I can think of is Una. I paid over twice the MSRP. That really hurt... 9 months ago.

    I just think it's not buy time for bullion. Pretty much all other assets are being treated by the market as hard currency - shares, property, cryptocurrency have all left bullion in the dust. Even second hard cars are an appreciating asset.
     
    Timmy88 likes this.
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    One thing about numismatic, is it's actually a hobby, not just an investment. To me, the enjoyment from the hobby of stacking semi-numis far exceeds the investment again. You could earn x10 from virtual investments, but in the end, it's just a number you see on your phone. How many zeros makes no difference. But a rare gold coin on hand, that's a different level. It reduces cortisol level and increases your lifespan, something which money can't do.

    I believe the QB, especially the 1 oz gold coins and 10 oz coasters as mintage is around 10k-20k only, will prove to be very lucrative in the distant future, possible, x2 to x3 spot for gold and x3 to x5 for silver.
     
  7. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Not scientific but I reckon asset inflation has a long way to go yet so there will be several more buying opportunities for - like March - before the party proper.

    A bit of both. I enjoy shiny things twice as much when they are going up in price.

    Assets. Not really investments as they have no income. Shares , property and newly cryptocurrency are based on income.

    I reckon good return if you hold for 20 or 50 years. Mintages are everything with these.
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Not sure about silver, but I think gold will pop next year. Reason is Asian buying almost stopped due to pandemic. The consumer demand for gold jewellery is always understated. The trading of gold won't be banned (unlike crypto that needs to be approved to sell on the exchanges). Then there's the capital gains tax issue, what happens if the authorities ask the exchanges to handover all the trades in the last 10 years? o_O

    Property and stocks (in general) maybe a good investment 40 years ago, but today, I don't think so. As for cryptos, it's all about timing and waiting for the risk to reveal itself (regulations and taxes), but I'll prefer to invest in the enablers - exchanges, and payment gateways. They will continue to make money regardless of the price of bitcoin. Eventually, all cryptos will either be taxed or made illegal.
     
    Last edited: Dec 30, 2020
    66rounds likes this.
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Massive selling of silver on the forum, reminds me of 2018 around the same time. But around that time, most of what is sold are 10oz and lunars.
     

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