Is Silver Going Up Again? - Page 2 - Coin Community Forum

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Author	Replies: 25 / Views: 4,529	Page: of 2

ryurazu Pillar of the Community Australia 1333 Posts	Posted 02/02/2021 12:34 am This is not finical advice! @JohnWayne007 I say that premium in this short term maybe long term window might go up significantly that bullion coins might be worth the effort, but who know how long this situation will last or if it get worse? Covid-19 who knew. =.= might be a good idea to see if there any interest and if anyone wan't to lock in on orders (how much more they want to pay compared to spot) Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 02/02/2021 01:09 am Beware of speculators. That is what is happening now. Decades ago, I bought junk silver at $5 per ounce, sold at $9 per ounce after the Hunt brothers tried to corner the silver market. They lost, I didn't. Or perhaps I did loose - I bought shock absorbers for my car, effectively for free. The car has long since found it's way to the crusher. Report this Post to the Staff
T-BOP Rest in Peace United States 18456 Posts	Posted 02/02/2021 09:49 am I remember when Silver was $3 an once , I simply paid no attention to it . It was the furthest thing from my mind to stock up at that time when I was mainly into trying to fill my 1909-1940 Whitman blue album with F to XF Lincolns . There was no Sheldon numbers back then . Stupido Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5394 Posts	Posted 02/02/2021 11:12 am Sure looks like the current Silver Market is " All Hat and No Cattle " Yesterday ....Boom .......Today Gloom ! Seen this scenario with SILVER over and over again . Next stop could be as easily $ 20 as it could $40 . NEVER RISK more than you can afford to play with . As long as they take $20 bills for gas and groceries we are good! When they don't we have much bigger issues to worry about! My honest take on Precious metals ...... in the words of Ricky Ricardo ......" We being played Lucy! " Report this Post to the Staff
Rothery Pillar of the Community 2145 Posts	Posted 02/02/2021 12:25 pm Quote: Redditors are now driving up the price of silver, similar to what they did for Gamestop. Now is the time to sell. Guess not........... Report this Post to the Staff
vonigohcr Pillar of the Community Canada 665 Posts	Posted 02/02/2021 12:31 pm Quote: We being played Lucy! An often repeated mantra is "To make a small fortune in the market you need to first start with a large fortune". Most small investors cannot afford to move a market. The big hedge funds today like the Hunt brothers 40 odd years ago do have enough capital to move a market but even they cannot fully control the market... The Hunts ended up losing over a billion dollars... the hedge funds in the Reddit/Gamestop fiasco have recently lost billions... It is clear that the markets... whether stock market or commodity market are prone to manipulation by those with large amounts of capital... and always have been. Silver is selling at $43CAD/Oz right now... Next week, it could be $60 or $25. There are opportunities to make money investing but I would like to echo and emphasize the sage advice from @Pacificoin Quote: NEVER RISK more than you can afford to play with Personally, Silver and Gold investing is like Vegas with a plus... I get to invest/play with money I can afford to lose and while I own the PM, I get the fun of collecting and unlike Vegas, there will always be some value in the PM as it is unlikely that silver or gold will go to $0. The Markets and coin collecting are not my retirement plan and never will be. Report this Post to the Staff
Arkie Pillar of the Community United States 2637 Posts	Posted 02/02/2021 9:32 pm Quote: I remember when Silver was $3 an once I remember when silver was $4.50 and ASEs were $6, and I said there is no way I'm paying a 33% premium. Report this Post to the Staff
jbuck Moderator United States 188770 Posts	Posted 02/03/2021 10:04 am Quote: I remember when silver was $4.50 and ASEs were $6, and I said there is no way I'm paying a 33% premium. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
ryurazu Pillar of the Community Australia 1333 Posts	Posted 02/04/2021 02:44 am is there anywhere that has a live chart of what happening not just on SLV chart as in stuff like premium and volume and that sort of more interesting stats. Report this Post to the Staff
TheForce Pillar of the Community United States 4870 Posts	Posted 02/04/2021 11:03 am JM Bullion has instituted a $299 minimum order. For how long, who knows? Report this Post to the Staff
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