barsenault said:dccpa said:Nice work. It would be interesting if the quantity minted and the price of silver at the time of issuance were factored into the analysis. Because I was curious, I spot checked the 2oz dragon. I am not sure when the video data was gathered, but the last two 2012 sales I saw were $70.77 & $84.00. That shows how much prices can fluctuate. The quantity of 2oz horses is going to be closer to dragon than snake levels, but the price of silver was lower than either the dragon or the snake. So, I will follow the pricing of the 2oz horse with curiosity.
I definitely consider Apmex buy prices, but I have learned those buy prices are often irrelevant. Sometime in the last two weeks, I asked Apmex about the 2012 2oz lunar dragons and they stated they weren't buying any at that time. Keeping a buy price listed for items Apmex is not currently buying has occurred on other items too. Sometimes, I think Apmex keeps buy prices up to support their sales prices.
barsenault will probably consider this sacrilege, but I sold all my 1oz lunar horses last week.
Oh my, you heretic. :lol: How dare you. Hopefully you got a good premium. Knowing you as little as I do, I'm sure you did. I agree with you on the buyback price from APMEX, but still don't think I can go wrong. It was 2 oz vs. Kilo, and as you know I have a 'ton' of the kilos...actually just may be a ton. LOL.
Good work dccpa. Oh, and I'm sure you sold to buy. You didn't buy just to have paper.![]()
Silver dropped close to $3 after I bought and I still made a small profit, so not baaaaad. And yes, I sold for paper. Paper good, silver bad.
I saw an opportunity to reduce my silver exposure and to turn a profit, so I took it. I don't think you can go wrong buying at 2oz lunar horses at $44/coin.