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 Replies: 36 / Views: 5,564 |
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Pillar of the Community
United States
3789 Posts |
Pandas, I feel, are no longer the darlings of the market. China keeps making more and more of them and they have lost their allure. I hold steady to my belief in that and no one is going to change my mind.
I would be a net seller of Pandas going forward, if there was a way to sell them short.
Again theres no reason to buy bullion.
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Pillar of the Community
United States
979 Posts |
So yup, you don't hold bullion?
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Pillar of the Community
United States
3789 Posts |
@Bro
I do have bullion,,, but only in the sense that I have been collecting the coins. So I have early Pandas, Eagles, Maple Leafs, Libertads, etc.
I have been a collector of gold and silver proofs from government mints and private mints for years now, and I have also collected bullion coins from government mints, but no physical stacking.
When I purchase silver and gold, its always either going to be via futures, ETFs, ETNs, leveraged ETFs. Such as the GLD ETF, I was a holder of that since its very first issue when it came to market, I bought only three times, the first being at 48ish. I recently closed that tho selling my line at 123ish.
I dont like the fact that with physical liquidity isn't the best, you cant hedge it, you gotta pay to store it and I want to be able to get out and in within seconds, days, weeks, months. I dont want to be tied down by physical.
Dont get me wrong, I really love gold and silver coins, especially proof and uncirculated ones. But I for one, I wouldn't advise buying for stacking.
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Pillar of the Community
Canada
3692 Posts |
If you go the digital route, and according to your beliefs (whatever rests your bones at night), and that system crashes then you have no way of getting at your money. And all of your proof coins will suddenly start looking more and more like bullion. Proofs are really just luxuries, but don't forget that they carry the same weight as circulated coins. Gold is gold.
Me, I don't like to gamble, and especially not with assets I can't even see, touch, or imagine. Nobody can dilute my silver except me; it can't be manipulated except by me.
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Pillar of the Community
United States
3789 Posts |
Yes but the mistake that Libertad makes is talking about crashes.
Everyone loves to hype the word "crash" in the financial markets. I am here to bust that myth that a crash will wipe out your holdings.
EVERY SINGLE "crash event" in the markets gives many serious warnings that something is wrong. There are countless subtle warnings in regards to that. Every single crash has given WARNING signs months in advance.
Therefore, a crash is a NON ISSUE if you are holding stocks, commodities etc. You will be out of the market, waiting for it to happen.
as I said already, you hedge these things. Try and hedge physical coins of gold and silver. You cant. Good luck that lol
Finally, proof coins are completely different from bullion and always will be... how could they even be remotely close to bullion why they aren't even similar in appearance?
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Pillar of the Community
United States
3670 Posts |
No doubt I am sure if you been investing in paper for as long as Yup you would find ways of protecting ones self, not putting all the eggs in one basket, etc....
However some like Liber and myself will prob never be comfortable wrapping our money up in something we can not touch or see.....
Perhaps it is a narrow minded view and why not as humans are as set in their ways shall we say as anybody....
My late grandfather for example got up early every day of his life and poured some coffee and watched the birds on back porch. He was a flea market simple guy, buy junk mowers and weed eaters and such, fix them up and sell to folk around neighborhood and such....
He never was rich but packed away every penny he could and left my family a substantial amount of money after his death, never being much more then a meat cutter for Kroger's and the flea market gig fore mentioned....
Would not go to a restaurant or out etc., set in ways would not change for anyone, human nature....
The smartest guy on Earth could have set in front of him with the best darn business NO-brainer proposal on Earth and his stubborn self would have not bought into it and just been happy with what he had accumulated to that point for his family....
Edited by Silverhawk74
09/27/2013 6:18 pm
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Pillar of the Community
 United States
1227 Posts |
Holding steady between $20-25, huh? I may go back down to Royal after my next paycheck and pick up a couple of junk Morgans/Peaces. John said they're going for $25 right now and they're a little under an ounce, so that sounds about right.
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Pillar of the Community
Canada
3049 Posts |
If you're going to get Morgans or Peace dollars for $25.. try to get some that haven't been cleaned and are in EF condition. If they're anything less you should try to get a better deal. |
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Pillar of the Community
Canada
3692 Posts |
I was talking about a power outage as a source for a system crash. Not that we fallible humans didn't already set up a failure for an economic system. And remember that NASDAQ "glitch" we heard about a couple of weeks ago? Computers can be hacked, manipulated, and everything else. The gold in my hand doesn't tarnish.
Read the short story, "The Machine Stops" and you'll see what I'm talking about. It predicts the Internet and the world in it when the system crashes.
"Finally, proof coins are completely different from bullion and always will be... how could they even be remotely close to bullion why they aren't even similar in appearance?"
YOU brought it up. And, they ARE similar in appearance. This is like arguing with a rock.
"Try and hedge physical coins of gold and silver. You cant. Good luck that lol"
Elaborate on that. Instead of brushing it off like a jokester you could expand on that because it makes 0 sense.
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Pillar of the Community
Canada
3692 Posts |
@Nina: A Morgan/Peace dollar may be right for you. As always read read read. In my collection I have only one Peace dollar and no Morgans, but that's enough for me for the time being. I bought it in VF condition. Overpaid for it at the time but today it's only worth $2 less than it should. With proper haggling I should've broken even so remember that the buyer sets the price (since you can always walk away and pay $0; that is power). I'm thinking of getting a rare date in the future because they tend to hold more value than any piece of bullion. Think about silver semi-keys that may get rare with all of this melting going on. But don't speculate; enjoy it. |
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Pillar of the Community
United States
3789 Posts |
Libertad-
wow my friend, I do believe you need glasses. Proof coins are not the same as bullion in appearance. You prove to me they are, then we can talk.
Finally,sorry but I don't live in a world where I am waiting for some disaster to occur where everything just grinds to a stop. Not interested in fantasy predictions of gloom and doom of any kind, typical scare stories.
As I always say and am always right about, "if its predicted, it doesn't happen".
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Pillar of the Community
United States
3670 Posts |
Liber my friend I don't know if you have ever held a simple ASE in one hand and say a west point reverse proof eagle in the other, but I assure you with ZERO argument there is a HUGE difference in appearance lol.... As far as the gloom and doom argument again like my mom always said when I was worried about a serial killer breaking through window at age 5 in my bed, will cross that bridge if and when the time comes, until then worrying about something that may or may not happen is beyond our control and why waste time and energy worrying about something that may or may never happen that you have no control over.... Sure and EMP pulse from sun could shut us all down in the next 60 seconds, but the odds are in our favor that we will all live our 75 average and then go take a dirt nap before the next big SHTF situation goes down and it will just a matter of time.... Edited by Silverhawk74
09/28/2013 12:31 pm
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Pillar of the Community
Canada
3692 Posts |
Nina: Sorry, I gotta...
Yup: I'm talking about the design of the coin itself, not the manufacturing difference that gives proof coins a better luster. I can tell them apart, I'm simply talking about the intrinsic value. Never did I say that they were the "same"; you built that argument for me just to knock it down. Most cars look similar. Two cars of the same model: one is luxury and the other is the basic model. They will look similar, but not the same.
"Looks" "similar" vs "Is" "the same as other".
I promise to be more descriptive if you promise not to jump to conclusions or make straw man fallacies in my name.
And who would want to expect or want a collapse of that kind? I'm only saying that it's a possibility. What goes up must come down, no? A shortage in Ohio (2003) actually happened and affected millions across a very populated expanse. Negligence caused that; it wasn't on purpose or malicious that we know of. The only reason I even talk about digital realms is because ETFs were brought up. Actual silver in the hand has little to do electronic markets when they are shut down.
(Sorry Nina for this. All the rest of the my posts will ignore the usual silver arguments. You've already made up your mind that you want it; you don't need us to give you reasons, correct?)
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Pillar of the Community
United States
3789 Posts |
@Libertad
but see the problem I have now with your statement is you talk about value. You are in no position and nor am I to assign value to any of the coins because thats the coin markets place.
To me it actually sounds like you are giving your biased viewpoint, that there is no diffrence between proof and bullion gold coins which makes me go "huh?!".
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Pillar of the Community
United States
3670 Posts |
People pay a boat load more for proofs then basic bullion that alone separates the two period.... Recall I said the other day where a set of ASE West points bombed out at 125 and the buyer felt so bad they allowed seller to re-list and same set ended up selling around 145 or so later.... What is HALF of 145, that is 72.50 and the seller was not happy and why should they be as they released at like 150 or higher.... Never the less that is still 72.50 per oz when silver is setting around 20 per oz. which on first glance strikes me as insane lol. But that does not stop people from buying them hand over fist across the world every day.... They don't look at that set as 2 oz of silver they see it as a 145 dollar investment, that with just a 20 to 25% swing up would make that set a 200 dollar set all day again, regardless of how much silver weight was present.... Edited by Silverhawk74
09/28/2013 1:36 pm
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Replies: 36 / Views: 5,564 |
First Page
Posted 09/27/2013 12:43 pm
