Whats going on with SS prices ?

R

renovator

Well-Known Member
It seems even at spot things are not getting sold like they used to here.

Is SS turning into "cheaparse alley". Recently its gone friggin mad around here & people dont want to pay even a reasonable price . For years you could sell on here for a reasonable price & now it seems you have to nearly give it away . .

IMO we (me included) have dropped the bar too low to help a few stackers out by selling cheap & now they expect it to be spot or near spot to sell .

I know a few people have had decent sales lately like penguin & pheonix . If this keeps up everyone will be stuck going to ebay or the likes to get a reasonable price .


Thoughts ?
 
I been buying lots of mining stocks recently with the pull back and big drop in them so haven't been buying any PMs here. Maybe many others doing that too?

Although I couldn't miss out on the big list of items recently offered by the King of Bling! :)
 
Skyrocket said:
I been buying lots of mining stocks recently with the pull back and big drop in them so haven't been buying any PMs here. Maybe many others doing that too?

Although I couldn't miss out on the big list of items recently offered by the King of Bling! :)
Click to expand...


Yup bought GXY at 33 cents, currently at 64 cents, just updated triggers to sell the lot if it goes below 60c
 
I picked up some nice silver recently on the forum. Now I'll sell some things at close to spot. Maybe that's what people are doing?
 
Does Xmas have anything to do with it?

A lot of people might be cash poor atm

Personally, I'm not expecting to buy at spot (of course it would be nice) but if someone is selling something I want, and it's cheaper than a dealer/elsewhere than I will buy
 
It's a combination of Christmas Hanover, a few huge sales (nothing wrong with that), the continuous for predictions of lower prices in the face of higher spot prices. I think the predictions and counter spot moves are the big factor.
 
Maybe reality is setting in.
Maybe the metal value itself sets the price.
Things are unsure.
 
Maybe some people need to raise capital for other business ventures.
Once capital amount is acquired and these sales stop will there be a new thread pining for the "old days" when there used to be awesome sales at great prices by the people that didn't take advantage of them?
 
Stoic Phoenix said:
...there be a new thread pining for the "old days" when there used to be awesome sales at great prices by the people that didn't take advantage of them?
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hahaha... for sure. People will complain about the high premium expectations of sellers on SS. :)
 
The gut feeling I get, is buyer fatique for the precious metals-market.

There's been so much pumping on youtube and the same old "Yellen" kicking the can down the road that folk are fed-up (pun) ;)

Most folk, probably have had their fill of silver; the feeling is why buy more; if the price tanks fine, buy more, if prices take off, that's fine too.

Having said that, imo, now is the time to have a wad of cash ready for bargains. Unless an absolutely silly deal comes along there's no reason to buy if you already own metal.

If, as predicted, Trump can talk down the USD, metal prices could fall and the AUD could rise further to above 78 cents.

If Trump smooths over a good trade deal with Britain and his ideas of imposing Tarrifs on some of the larger companies their could be more fireworks than a shite-f in the South China Sea. Metal prices could saw or become a buyers market for those holding AUD.
 
SpacePete said:
Peter said:
Maybe reality is setting in.
Maybe the metal value itself sets the price.
Things are unsure.
Click to expand...
Good point.
Click to expand...

That's exactly what I see happening, after some excitement last year the bearish trend seems to be continuing.

Only natural that people will be reluctant to pay high premiums in that case. And that sellers are lowering their expectations.

There sure have been some bargains recently - definitely some fire sale action in the last few months...
 
As Fonzie would say "Exactamundo"

Think of the real estate market mentality in reverse.
- for Real estate the mindset is.......every year prices have gone UP X% therefore I will buy now so I will save money in the future.
- for gold and silver the mindset is.....for the last 5 years prices have gone DOWN X% therefore I will buy later so I will save money in the future.

Sorry, if the silver manipulation theory held water then people would not care whatever the percentage above spot. In reality we are like the dog that has been kicked once too often, we are wary of that boot. As it is with paying too high above spot. Recent history has proven patience would have saved a lot of money. Spot today is 10% over spot in 6 months. This is the mentality that will take time to change.
 
Although most people are looking at the price in terms of spot X% I still look at the offerings and remember when I was buying the exact same coins for $14-15 5%.

Granted I buy mostly junk silver coins and I now have more Australian Junk silver than I need so I have my reasons for not buying anymore but even the bargains on offer here of Pre dec for spot -5% are still way higher than when I was accumulating my stack.

Of course a lot of the 92.5% silver pre dec is looking very interesting as it is hard to find such high fineness in junk silver.

I do understand why people don't want to own junk coins but 92.5@Spot-5% > 99.9@Spot+18% from my point of view.
 
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