GOLD $ 1462 Silver $11.95

[oyarde]

Fridays close premiums , +6.25 on 2020 Silver Eagles , +5.95 on backdates in sealed monster boxes , +5.65 on unopened , fresh backdate tubes . Common Proof Silver Eagles 42.00 ea with box and paper . About Uncirculated pre 1921 Morgan dollars buy 31.50 - 33.50 , Fine + common Peace Dollars 21.50 - 23.75 . Generic silver rounds +2.15 , Silver Eagle retail , probably 30.00 or more on 22.71 silver . Gold 1901.30 .

 

[oyarde]

Silver 26.06 , Gold 1980

 

[devil21]

Good lord, a SAE is over $40 at APMEX.

 

[sam1952]

Just curious, anyone buying in this market? Anyone buying with these premiums? Can’t say I’d buy into this run... but don’t think I’d sell either. Actually not true. Am considering losing a few more ounces of palladium but may wait a few days just in case it tests the old high of $2700.

 

[mrsat_98]

Just curious, anyone buying in this market? Anyone buying with these premiums? Can’t say I’d buy into this run... but don’t think I’d sell either. Actually not true. Am considering losing a few more ounces of palladium but may wait a few days just in case it tests the old high of $2700.

I know a few that are selling, and less than the premiums I am seeing.

 

[devil21]

Just curious, anyone buying in this market? Anyone buying with these premiums? Can’t say I’d buy into this run... but don’t think I’d sell either. Actually not true. Am considering losing a few more ounces of palladium but may wait a few days just in case it tests the old high of $2700.

I think availability is much more of an ongoing concern than prices are and should be the driving factor behind deciding whether to buy or not.

 

[sam1952]

I think availability is much more of an ongoing concern than prices are and should be the driving factor behind deciding whether to buy or not.

Not that I’ve done a lot of searching but did see 1oz maples on kitco for $2036, a little over $100 in premium. No sliver ASE’s, buffalos or maples in stock. Did see a generic round for $29.32, $5+ over spot.

 

[devil21]

Not that I’ve done a lot of searching but did see 1oz maples on kitco for $2036, a little over $100 in premium. No sliver ASE’s, buffalos or maples in stock. Did see a generic round for $29.32, $5+ over spot.

My thought was more directed at silver than gold but your observation jives with it. Someone posted another thread that the US Mint is shutting down SAE production in favor of GAE production. Seems obvious to me that a goal there is to keep the metals that are out of the price range of most people available, while shutting off access to the affordable lil' brother.

Plus, if there's a ramp up to war ongoing (and it seems there probably is based on recent propaganda), silver becomes extremely valuable for missile production, for example, and available stocks would be redirected toward any war effort. There's 50 pounds of silver in a single Tomahawk missile. There simply won't be any available except for stackers selling their own.

 

[Krugminator2]

Owning physical metal has been an awful idea forever. You have storage costs and it is a pretty illiquid market that you take a huge hit on buying and selling. If you are bullish on a metal buying the futures or an etf is much better. And if you the world rapidly does go to hell and you think the physical metals are necessary then you can always convert your etf position to metals.

Long story short, the physical metals are expensive insurance policy that has been a terrible bet. Dealers like Peter Schiff will thank you for your donation to their nice lifestyles though.

 

[devil21]

Owning physical metal has been an awful idea forever. You have storage costs and it is a pretty illiquid market that you take a huge hit on buying and selling. If you are bullish on a metal buying the futures or an etf is much better. And if you the world rapidly does go to hell and you think the physical metals are necessary then you can always convert your etf position to metals.


Long story short, the physical metals are expensive insurance policy that has been a terrible bet. Dealers like Peter Schiff will thank you for your donation to their nice lifestyles though.

Sorry but that post is loaded with bs and it's obvious you're now here only to push the rigged stock markets instead of real money and wealth. Usually I don't mind your zippyesque posts but I can't let that one slide.

Gold is up about 7X from 2000. Dow is up 2.5X. NASDAQ isn't even up 2X. So even if you held index funds the entire time from 2000 to present day, they're still way outperformed by physical gold even *with* the ridiculous paper suppression games. ETFs like GLD have minimum redemption limits and most of the "gold" that enters their inventory is PAPER CONTRACTS, not physical metals, so good luck even getting the physical.

 

[Krugminator2]

Sorry but that post is loaded with bs and it's obvious you're now here only to push the rigged stock markets instead of real money and wealth. Usually I don't mind your zippyesque posts but I can't let that one slide.

Gold is up about 7X from 2000. Dow is up 2.5X. NASDAQ isn't even up 2X.

All you did was take the the very top of an equities bubble and the trough in gold.


Dow Return since 1920 1,885,591.529% https://dqydj.com/dow-jones-return-calculator/ That's right. Holding the Dow and reinvesting dividends has returned 1.9 million percent

Let's see how gold has done

1920 Closing Gold price- 20.68
Today's closing Gold price - 1951

Gold Return Since 1920 - 9300%


Stocks have returned 200 times more than gold over the last 100 years.

 

[devil21]

All you did was take the the very top of an equities bubble and the trough in gold.


Dow Return since 1920 1,885,591.529% https://dqydj.com/dow-jones-return-calculator/ That's right. Holding the Dow and reinvesting dividends has returned 1.9 million percent

Let's see how gold has done

1920 Closing Gold price- 20.68
Today's closing Gold price - 1951

Gold Return Since 1920 - 9300%


Stocks have returned 200 times more than gold over the last 100 years.

eta: This is always such a ridiculous argument to engage in since it's well known that both stocks and metals have been completely manipulated by the bankers in order to maintain an appearance of stocks being more valuable, even though JP Morgan himself said only metals are money. All else is credit. It is actually an apples to oranges comparison.

We can argue over which time frames to compare returns but seeing how gold was literally BANNED from ownership for much of that period, which obviously had huge impact on price since there was no market allowed for it, plus fixed gold standard rates that you pointed out, that's a really crappy comparison, never mind the massive paper suppression undertaken since then. Adjusted to known monetary base figures, the real value of physical gold is around $33,000/oz right now, according to usdebtclock.org.

Or we could get really ugly and go back a thousand years ago instead of the also arbitrary 100. How much was Tesla stock worth in 1000AD? No matter how hard a stock pumper tries to justify stocks as a better investment (never mind that you never actually own the share, the DTC does, comparing to actual ownership of metals), nothing compares to the historical returns of gold and silver as a preserver of wealth. Cherry picking time frames doesn't change that and we'll see that it's true again soon enough, after the FRN denominated stock markets are crushed. I picked 2000 because its a year that gold was freely tradable, stocks had widely available index funds like QQQ, and it was a nice round number right before the Treasury and Fed went retard on money printing. Your eleventy billion percent return figure is obviously not even close to realistic for any investor to have accomplished.

Plus, you didn't address my point about how the ETFs are filled with paper gold and can't be redeemed except in very specific circumstances. Good luck buying a share of GLD and then demanding delivery. GLD and SLV are sucker investments. And only idiots pay "storage fees", too.

 

[Krugminator2]

Stocks have returned 6.8% after inflation since 1800. Gold has returned -.4%. https://en.m.wikipedia.org/wiki/Stocks_for_the_Long_Run

Buffett has returned 26,000,000% since 1965. More if you include his partnership. https://www.google.com/amp/s/www.barrons.com/amp/articles/berkshire-hathaways-investing-returns-a-breakdown-by-numbers-51582633800

 

[sam1952]

Owning physical metal has been an awful idea forever. You have storage costs and it is a pretty illiquid market that you take a huge hit on buying and selling. If you are bullish on a metal buying the futures or an etf is much better. And if you the world rapidly does go to hell and you think the physical metals are necessary then you can always convert your etf position to metals.

Long story short, the physical metals are expensive insurance policy that has been a terrible bet. Dealers like Peter Schiff will thank you for your donation to their nice lifestyles though.

One of the problems with this train of thought is if the world does go to hell converting your etfs will be impossible. There will be no physical gold or silver to buy.
Hey, I have SLV and I trade it. But that’s just trading. Holding physical metal has an entirely different purpose.

 

[oyarde]

Gold 2030.50 , Silver 26.24 . Moves pre 2020 1/10 ounce gold eagles to 236.55 , pre 2020 silver eagles to 32.25 . Wholesale . Thats about what the people you buy from will be paying., by tomorrow Apmex will be selling 1/10 ounce for 300 and silver eagles for 42 1/2 is my guess.

 

[oyarde]

Gold 1970 , Silver 28.00, Platinum 924.00 .

 

[oyarde]

One of the problems with this train of thought is if the world does go to hell converting your etfs will be impossible. There will be no physical gold or silver to buy.
Hey, I have SLV and I trade it. But that’s just trading. Holding physical metal has an entirely different purpose.

That is correct . If something goes even a little sideways , thats it , there will be no metals available for months.

 

[sam1952]

Gold 1970 , Silver 28.00, Platinum 924.00 .

Palladium $ 2133.00

 

[r3volution 3.0]

PMs are consolidating at the moment.

The next big move up, which might come after a big drop if the Fed isn't on top of things, will blow your tits right off.

The money is made before other people realize it's to be made: otherwise, it would have already been made.