@ EM, are you seeing a similar scenario with nuggets? Are they any harder to shift? I should ask Uncle Russ, he's the talented prospector.
As I am primarily a collector, I'm not worried about spot price of gold and silver and I'm still buying the coins I like, there are quite a few I'm still after but they never come up.
Anyone can get spot from a dealer just by walking in (although for the sake of members here, please don't feel the need to stop putting stuff up at under spot!). I've traded gold and silver in the unlikeliest of places - in a bar in Germany with the owner, for some plaster and paint work, recently sold my car for gold... losing count of the stuff I've traded for metal rather than buying/selling. If you need to unload, consider giving bartering a go. One of the benefits of being active on the forum is that you can build up a network of people who either offer or consume goods and services, and can accept or pay in precious metals. I'm even aware of dental work being done - a root canal for 10oz silver. Take that private health insurance!
Whole markets as flat as a shitcarters hat. On the plus side fewer will go out detecting as much due to diminishing $ returns which means more left for UR and occasionaly myself.
at what price of silver is it actually worth buying big bars of silver at spot? I guess some will say always at spot, but I mean in comparison to a new issue 1 oz kook' a roll of 2015 1 oz kook's is around $26 per coin, so it's a relatively large purchase but silver is $20.50 oz, so that's $5.50 premium per coin, that's 25% isn't it? is it when silver goes down to $15 oz you think? so I would expect a roll of 1 oz kook's to be selling for $20.50 each, that's more then 25% isn't it? so at what price of silver does one say, forget semi-numis, the kook's, the panda's & goats, it's at such a high percentage of premium that one should really go generic bars at spot. maybe it's $11 silver? when a $5.50 premium will be 50% premium, that would be ridiculous so what's the figure? is it $15 oz when we should abandon semi-numi's altogether?
$5.50 / $26.00 x 100% = 21 % $5.50 / $20.5 x 100% = 26 % $5.50 / $11.00 x 100% = 50% Price is right at the moment in some ways I guess Although, for the collector in us all, sometimes a higher premium, increases quicker, and to a higher value than something cheaper.
Yeah I understand premiums increase, but in a free fall like it is, the market for premium stuff drops. so come $15 silver or even $10 silver, there will not be people out there wanting silver at all, let alone pay double for a pretty picture. I guess it's hard to ask these questions here as most here are buying it still and are still mindful by the fact silver had a great run once.
What's the general feeling on sentiment around sales at the moment? Compared to 12 or more months ago there just doesn't seem to be the excitement. Are people starting to feel a bit worn down with silver prices? Is all a bit meh?
There are definitely a few things going that a few months ago at the same $/oz I would have jumped at but a bit metal fatigued at the moment. That said I have just bought some more Friday and plan to sell some in a few days to make space for new releases.
A big US stocks crash and reports in MSM might do it - or a freefall AUD (drop another 10c over a month for example) for the local market.
Don't know about you guys, but I've spent every spare dollar on metal these last two years. Cash is slowly running out.
I've never stopped buying collectable coins & continue to do so virtually every week If I like em I buy them
about the same or worse...gold is hard to move even for spot-under spot is the new winner...good time though to pick up great sets at great prices from desperate sellers or from sellers who had enough of waiting...
