Golden ChipMunk
Well-Known Member
Dont forget the Wheelbarrow
The silver price just shat itself.... what happened?
- Thread starter SpacePete
- Start date
SolidFOOSER
Member
17.96 USD right now!!!!! that's crazy...I bought a bunch
Wonderful circumstances. However, this will certainly test our community. My stack of fifties has taken a proportional tumble with my future buys still available at spot + 10%. How will the numis and semi-numis fare?
This time last year we were just coming off the $27 high, so we are down a quarter. At sub $24 we are down 20% and over the past six months! about 10%.
PM me anyone who wants to sell fifties. My guess is very few as fifty stackers seem to have strong hands. By buying cheap, you minimise your loses. Which numis are holding their premiums?
This time last year we were just coming off the $27 high, so we are down a quarter. At sub $24 we are down 20% and over the past six months! about 10%.
PM me anyone who wants to sell fifties. My guess is very few as fifty stackers seem to have strong hands. By buying cheap, you minimise your loses. Which numis are holding their premiums?
sammysilver said:
From a Bloomberg article yesterday:
"Buyers of silver are less swayed by price movements, because unlike gold, the metal is a "buy and hold and forget about it kind of investment, It's not so actively managed by the retail crowd. It's tucked away as a retirement store of value or hedge against disaster."
and on the big money being pumped into silver ETFs (now outpacing gold by the highest level ever):
"The perception is that silver will do well, and should outperform gold as the economic recovery strengthens," Tom Kendall, the head of commodities research at Credit Suisse in London, said in a telephone interview. "Belief in silver's dual properties, as a financial asset and also as an industrial metal, appears to remain strong."
I'm waiting for $15/oz.
/sarc
/sarc
mmissinglink
Active Member
valuecreator said:
I can recall reading some permabull's claim over the past 18 months that silver can't possibly go below $26 USD, can't possibly go below $22 USD, can't possibly go below $18. How'd those claims work out for them???
$14 USD will be a good price to buy at.
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DoolBrevlis
Member
Ed Zachary.Russ4570 said:
Buy a lot now, if we see 14, buy a lot then too. Heck, buy all the way down if you haven't been already.
And yes, let it always be physical
DoolBrevlis said:
Really, what's been different between now and what's has been happening for the last 12 months?
mmm....shiney! said:
The difference is that, that now you are holding more. It means a lot to me in that it's a two pronged safety net; less fiat and more silver. Less fiat is also a two pronged solution in that I would not be holding the same amount of fiat now as then as most would be pissed up against the wall, and second, I'm still suffering from the Cyprus bail-in and would not be surprised if it happened here.
mmissinglink
Active Member
sammysilver said:
Comparing US Mint issue prices vs current sales prices - based on eBay sales, the America The Beautiful "P" (collector version) series prices seem to be holding just fine. Knock off the highest and lowest sales prices and average the rest....not bad at all I think. I checked 2013....it may be different for previous years though I'd suspect some of the 2012 coins are still doing even better than most of the 2013 issues. Plenty of other recent semi-numis have not fared nearly as well.
As for true numis, I believe auction house sales records have been broken the past few years....blobs way down, numis breaking records. Hmmm, which one is a better store of wealth?
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sammysilver said:
Actually I stopped stacking silver ages ago. I've stacked more fiat in the last 12 months than PMs.