Silver madness!

[oyarde]

If reality has any bearing on tomorrow, then the S&P will drop like a stone and gold will explode to the upside.

However, as you alluded to, our markets are being managed to such a degree that they're completely disconnected from real world events.

I think Russia could declare their intentions to nuke the US and the S&P would still end up positive. That's how ridiculous things are.

S & P , down 14 , still 1844, LOL

 

[oyarde]

Today , I picked up a 2014 Silver Eagle , five Uncirculated cents , a copper penny , for $23.06 . I think I actually need a 2011 and a 2012 Silver Eagles , but I am old and forgetful , so I am not sure .

 

[oyarde]

Still looks like a good buy @ $21.19 to me .

 

[Peter4Paul2016]

Taking these price charts back to January 2000 -comparing gold, silver, platinum, and palladium - I'm a big fan of silver, as right now Silver's back to 2009 price. Silver is the new Gold.

 

[oyarde]

Do you think the silver market can become, or is, over-saturated? I see millions and millions of ounces of silver being sold and huge talk shows constantly talking about silver which sells it to the masses as well as an abundance of "We Buy Gold" style stores popping up all over the place.

This reminds me of my dads coin collection. He saved several bicentennial quarters thinking it would be a great way to make a buck in the future. I mean, who wouldn't want a coin minted specifically to celebrate the 200th anniversary of the USA? Unfortunately, he later found out that millions of other Americans had the same plan. I understand that silver has a value beyond just what shape it is, but has the huge push in PMs into the mainstream created an artificial bubble which will die off when the hype dies down? Or did we already see that bubble when the price was nearing $40?

What do you think?

You know , when you think about it , only a very small percentage of people in the world own any precious metals at all .....

 

[devil21]

You know , when you think about it , only a very small percentage of people in the world own any precious metals at all .....

It's a big club! And you should be in it.

 

[Peter4Paul2016]

It's a big club! And you should be in it.

I think that over the last several years more people are looking to precious metals... Why is it that real estate and precious metals are considered "Alternative" investments? They've both been around a lot longer than mutual funds and ETFs...

 

[TomtheTinker]

I think that over the last several years more people are looking to precious metals... Why is it that real estate and precious metals are considered "Alternative" investments? They've both been around a lot longer than mutual funds and ETFs...

Good salesmen can convince a bunch of a bunch of dummies of all sorts of nonsense.

 

[oyarde]

It's a big club! And you should be in it.

I think I started sometime in the 60's on a regular basis .

 

[oyarde]

I blew $27.16 FRN's today , got a 1907 sterling silver eyeglass case and a 14 Kt gold leaf pendant about 1 3/4" long and about an inch wide . I have not put them on a scale yet , but I am pretty pleased .

 

[DFF]

Banksters did their customary smash job on silver when the NFP numbers got released earlier this morning...price is now below the key 200 sma (but maybe not for long)...gold got hit to, but not as bad.

 

[oyarde]

Banksters did their customary smash job on silver when the NFP numbers got released earlier this morning...price is now below the key 200 sma (but maybe not for long)...gold got hit to, but not as bad.

Silver back to about $20.88 , gold about $1335 , probably be back where they came from by Mon evening, I see no reason not .

 

[DFF]

Fundamentally, there is no reason. There's big silver demand all over the world. Of course, the banking cartel doesn't look at this way. The way they see it, silver is the enemy of fiat money. And it must be sold to make it look bad so people won't switch their national currencies for silver coins.

 

[DFF]

Margin on a silver futures contract is (currently) 11k. And today's volume is around 50,000 contracts. So 50k times 11k equals equals 550 million dollars. This (or lets say a billion dollars) is all that would be required to blow out the short sellers.

 

[oyarde]

Well , silver back to about $21 , gold , $1340.

 

[oyarde]

As usual , I was working hard today before work . I came up with 6 plastic currency holders , 60 2x 2 various coin holders , a 1941 50 % silver 3 Pence pc. , an 1890 five cent silver , couple of silver Canadian dimes( one a 1938 ) , a silver Canadian quarter ( 1932) , a 1915 D silver Barber quarter , a 40 % silver 1976 S quarter , six 1940's D & S Mercury dimes (4 of them grade @ AU,the six including a 1945 Micro S ) . In @ $19.75 and a dozen eggs , not bad about an Ounce and a Quarter under spot and some supplies .

 

[oyarde]

Today , I picked up three 80 % Canadian quarters , 1912 ,1951 , 1960 and a 1941 S Us dime , for $9 ,slow day , but still having fun

 

[oyarde]

Today , picked up another silver French Franc and an 1855 California gold 1/2 dollar pc made into a gold stick pin . Shame the gold coin is damaged , but not bad , I have been busy for an old man , planted potatoes and onions yesterday and pruned a tree today .

 

[oyarde]

Today , I picked up a silver eagle and an 1857 California 1/2 dollar gold token .

 

[Peter4Paul2016]

Sorry, but I just don't understand the whole ebay thing... I understand you may find rare coins, but still...

If I want precious metals, I'm buying from a gold company.

Regal Assets - 1-855-782-1458 TrustLink - 5 out of 5 stars avg rating. Better Business Bureau-A+Rating- zero complaints in last year...

There are some gold companies with D - F ratings with the BBB and lots of complaints. So check out company's reputation first. But definitely don't just buy from random sellers on the internet... JMHO.