It's A Weird Market....

Discussion in 'General Precious Metals Discussion' started by ozcopper, Nov 19, 2019.

  1. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    Silver had been at $19 for a long time, then it jumped to $28 before dropping to $25.

    Silver might be available for spot now, but that is still $6 more expensive than it was a couple of months ago and the price has dropped most recently.

    For me the higher prices have brought out a few items that are not normally offered for sale, but anything generic just seems a lot more expensive than it did a few months ago.

    I would probably be happier if I was a seller, I could offer my pre dec that I bought at $14, for $24 and still make a decent return!
     
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  2. Michael Stevens

    Michael Stevens Well-Known Member Silver Stacker

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    I'm keen to buy some low premium silver but there's not much on offer here at the moment tbh.

    Anything which is available & takes my fancy seems to be selling at near dealer prices!
     
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  3. Jason1

    Jason1 Well-Known Member

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    ive been wanting to buy but I thought the prices were high not cheap, dealers have been increasing their premiums Ive noticed to cover the lower metal value, their prices have barely changed.
    and I keep missing out on the good deals here by a few seconds, the stuff that isnt selling I think is crap and while some is spot its mostly scrap or not pure bullion coins.

    As for newbies, yer they always make the mistake of buying when high and also buy only high premium stuff, its crazy and they let FOMO take over so they end up with expensive stacks that wont ever make them a good return. But you cant tell them that as they think they know best so inevitably they will fail at stacking if they dont change their way of thinking and buying habits.
     
    Last edited: Nov 19, 2019
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    For me it's the opposite, the semi-numismatic lunars and qb I purchased last year at 14-17% premium were my consolation, I wasn't bothered when spot fell to $14.50 because I don't intend to sell them anytime soon. On the other hand, the low premium bars sucked big time because they are only worth spot or less even if I were to hold them for 10 years.

    Of course "high" is relatively. Last year, $17 was considered a very high price.
     
  5. Jason1

    Jason1 Well-Known Member

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    I dont think any veteran stacker is upset when prices drop, because thats when to buy, only a stupid stacker buys when its high so I wasnt upset when prices were $14.50 either. people with FOMO are the ones that are left with expensive stacks that will likely see minimal returns.
    its not hard to understand really, buy low sell high. not buy high because of FOMO and then get scared when its low. lol
     
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  6. sctpc

    sctpc Active Member

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    I find most people trying to sell only some silver say $500 spot for $550 and then $15 postage well i can do better at the dealer, all the 5k plus sales are dry except gold but you dont get much for that in comparative % value I think silver can rise 20% with less effort.
     
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  7. Slimey

    Slimey Well-Known Member

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    .....only a stupid stacker......I resemble that comment.
     
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  8. SuprmeLeadr

    SuprmeLeadr Member

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    Exactly my thoughts. The premium + postage + obligatory signature on delivery means that the savings on that product over the dealer sell price is not enough to cover all the counterparty risks (paying before delivery, AusPost losing a package, damaging it, item not as described, and the biggest one for me, not being able to XRF the item). For a bit extra, I can have the product in my hand today that the dealer has tested right in front of me.
     
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  9. StewyD32

    StewyD32 Well-Known Member Silver Stacker

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    I'm the same as above. Seen a few nice bars I wanted but they are over east unfortunately and not in Perth. So with postage etc the difference is minimal overall.

    If I get a 2.5oz au bar I'm sure a hell not going to risk it in Auspost hands.
     
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  10. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Now that Gold AUD has broken to the upside we should see a lot more interest.

    Seeing a LOT of people on the forum saying they are bearish or have sold all their metals, or that ‘metals have been their worst investment ever etc’. This is exactly what you need for metals to move up again.

    Long live Gold & Silver.
     
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  11. slavaja

    slavaja Well-Known Member Silver Stacker

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    Hmmm it's still a slow market maybe everyone is broke after Christmas....
     
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  12. madaw1

    madaw1 Well-Known Member

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    It's a waiting game...
     
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  13. Silver260

    Silver260 Well-Known Member Silver Stacker

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    I was assuming, after the Iran situation, most people are waiting for the markets to settle down again??
     
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  14. slavaja

    slavaja Well-Known Member Silver Stacker

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    Who knows there are so many well priced items that are just sitting there
     
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  15. heartastack

    heartastack Well-Known Member Silver Stacker

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    The nice thing about an ageing stack is that I don’t really mind what I paid 10 years ago now, I’m just fkn glad it’s there!
     
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  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I hope us newbies feel the same way in another ten years time. The urge to sell and blow it all is strong when you see everyone around you in the consumer rat race.
     
  17. madaw1

    madaw1 Well-Known Member

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    Persistence,Perseverance and Patience in Stacking is a clue to success...
     
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  18. JOHNLGALT

    JOHNLGALT Well-Known Member

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    If—

    Launch Audio in a New Window

    BY RUDYARD KIPLING

    (‘Brother Square-Toes’—Rewards and Fairies)

    If you can keep your head when all about you
    Are losing theirs and blaming it on you,

    If you can trust yourself when all men doubt you
    ,
    But make allowance for their doubting too;
    If you can wait and not be tired by waiting,
    Or being lied about, don’t deal in lies,
    Or being hated, don’t give way to hating,
    And yet don’t look too good, nor talk too wise:


    If you can dream—and not make dreams your master;
    If you can think—and not make thoughts your aim;
    If you can meet with Triumph and Disaster
    And treat those two impostors just the same;

    If you can bear to hear the truth you’ve spoken
    Twisted by knaves to make a trap for fools,

    Or watch the things you gave your life to, broken,
    And stoop and build ’em up with worn-out tools:


    If you can make one heap of all your winnings
    And risk it on one turn of pitch-and-toss,
    And lose, and start again at your beginnings
    And never breathe a word about your loss;

    If you can force your heart and nerve and sinew
    To serve your turn long after they are gone,
    And so, hold on when there is nothing in you
    Except the Will which says to them: ‘Hold on!’


    If you can talk with crowds and keep your virtue,
    Or walk with Kings—nor lose the common touch,
    If neither foes nor loving friends can hurt you,
    If all men count with you, but none too much;
    If you can fill the unforgiving minute
    With sixty seconds’ worth of distance run,

    Yours is the Earth and everything that’s in it,
    And—which is more—you’ll be a Man, my son!
     
  19. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Strange days indeed!
    You get that sort of $#!T when PAPER & DIGITS are setting the price(?) of Precious Metals, with no honesty in the MARKETS (?). _JOHNLGALT.
     
  20. l***g

    l***g Active Member Silver Stacker

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    Strange days have found us
    Strange days have tracked us down
    They're going to destroy
    Our casual joys
    We shall go on playing
    Or find a new town
     
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