Junk Precious Metals Market
#6803402
03/15/20 07:25 PM
03/15/20 07:25 PM
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Joined: Apr 2014
Posts: 7,084
MO
cfowler
OP
trapper
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OP
trapper
Joined: Apr 2014
Posts: 7,084
MO
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Anyone involved in this market? Bullion market maybe? Heard from a buddy a little while ago that some of this market has been picking up speed the past week, and has accelerated on-line heavily. He's calling everyone he knows offering a premium on all old silver and gold coins. Anyone heard anything about this? Supposed to be a shortage of some kind. The mint is out of silver eagles and some other stuff is going on too apparently.
I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803472
03/15/20 08:10 PM
03/15/20 08:10 PM
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Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
James
"Minka"
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"Minka"
Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
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With both the stock and bond markets in the toilet, investors are fleeing to precious metals.
Jim
Forum Infidel since 2001
"And that troll bs is something triggered snowflakes say when they dont like what someone posts." - Boco
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803620
03/15/20 09:37 PM
03/15/20 09:37 PM
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Joined: Jan 2008
Posts: 9,201
Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,201
Alaska and Washington State
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Gold dropped $188 last week, I sure don't know why, kind of counter-intuitive. But, maybe people are selling off gold in order to buy cheap stocks.
"Supposed to be a shortage of some kind", the silver hawkers are always spouting this nonsense; ignore it, it's not true.
"My life is better than your vacation"
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803631
03/15/20 09:43 PM
03/15/20 09:43 PM
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Joined: May 2010
Posts: 10,471
mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,471
mn north of blakely
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Precious metals got smacked down so physical buying pressure is up. Silver was at 18. a short time ago now is 14.50 give or take.
So just like toilet paper when demand for physical increases there is a hiccup in the supply chain.
A person can buy all the paper silver he wants.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Junk Precious Metals Market
[Re: waggler]
#6803636
03/15/20 09:45 PM
03/15/20 09:45 PM
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Joined: May 2010
Posts: 10,471
mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,471
mn north of blakely
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Gold dropped $188 last week, I sure don't know why, kind of counter-intuitive. But, maybe people are selling off gold in order to buy cheap stocks.
"Supposed to be a shortage of some kind", the silver hawkers are always spouting this nonsense; ignore it, it's not true. Waggler, when the housing crash started the metals market got smacked down pretty good and then it moon shot.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803698
03/15/20 10:26 PM
03/15/20 10:26 PM
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Joined: Dec 2015
Posts: 6,340
se South Dakota
NonPCfed
trapper
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trapper
Joined: Dec 2015
Posts: 6,340
se South Dakota
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Good time to buy silver if a prson was so inclined. Haven't seen spot less than $15 for while...
"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground".
Genesis 1:26
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803762
03/15/20 11:38 PM
03/15/20 11:38 PM
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CGilliam
Unregistered
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CGilliam
Unregistered
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APMEX is good place to buy. That said, precious metals tend to be a pretty crappy investment, unless you cherry pick the dates. The people selling them rely heavily on fear porn. Just know this going in.
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Re: Junk Precious Metals Market
[Re: tlguy]
#6803773
03/15/20 11:45 PM
03/15/20 11:45 PM
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Joined: May 2010
Posts: 10,471
mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,471
mn north of blakely
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So if someone was inclined to buy some silver, where is a good place to look? I googled it and the first couple results are selling silver bars for around $16-18 per ounce. Doesn't seem like a good investment if it's only worth $14.81 per ounce. Physical metal shouldn't be looked at as an investment. If you want to "invest" in metals one would be better to buy into an ETF or buy miners stock.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803795
03/15/20 11:58 PM
03/15/20 11:58 PM
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Joined: May 2011
Posts: 16,577
Oakland, MS
yotetrapper30
trapper
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trapper
Joined: May 2011
Posts: 16,577
Oakland, MS
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I keep a small amount of silver. Silver and gold will never be worthless. The same can't be said for any paper currency. There may someday come a time when you can buy a sack of potatoes for a couple silver coins before you could with a hundred paper dollars. Ask the confederates.
~~Proud Ultra MAGA~~
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Re: Junk Precious Metals Market
[Re: cfowler]
#6803840
03/16/20 12:44 AM
03/16/20 12:44 AM
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Joined: Dec 2010
Posts: 34,872
Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,872
Central, SD
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Kid has been working estate sales he has a trailer and hauls for other people what they don't was he can have it if he hauls it. Last week he was given a load that had silverware some was junk but some he got over $300 for it that was a good day for him.
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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