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Sinking Silver Prices Giving Me A Conniption .

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silverwolf's Avatar
Canada
3733 Posts
 Posted 07/16/2022  8:30 pm  Show Profile   Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply

Quote:
but started thinking about the money I lost by buying shortweight coins.


most dealers buy on face value, not weight. you are fine.
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ratman4762's Avatar
United States
2520 Posts
 Posted 07/18/2022  02:07 am  Show Profile   Bookmark this reply Add ratman4762 to your friends list Get a Link to this Reply


Quote:
Does that mean my chocolate bar will become legal tender?
Glad to see Sarris is still in business. Haven't been there in 20 years or longer. I remember when that place was tiny compared to what it has become..
Pillar of the Community
captainrich's Avatar
United States
982 Posts
 Posted 07/18/2022  05:04 am  Show Profile   Check captainrich's eBay Listings Bookmark this reply Add captainrich to your friends list Get a Link to this Reply

Quote:
Glad to see Sarris is still in business.


Sarris had a major fire ten years ago, but was quickly able to bounce back.
Edited by captainrich
07/18/2022 05:05 am
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 07/18/2022  07:31 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Buy in gloom, sell in doom.
Don't worry.
If you are in there for the long term, price fluctuation should not bother you.

In 1975, one of my coins sold for $125, and went through a dealer some years later, and is now up for sale again at public auction. Estimate? $1,200.
It has increased in price over 46 years at double the average inflation rate for the same period.

Moral to this? - Hang in there for the long term, and will your stash to your kids. That is what I intend to do.
Pillar of the Community
thq's Avatar
United States
3343 Posts
 Posted 07/19/2022  4:57 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
While the current US Fed interest rate hikes are giving US metals stackers conniptions, the Euro is also at rock bottom. The cure for inflation gives everyone conniptions.

Investopedia has an interesting comparison of different measures of inflation.

https://www.investopedia.com/articl...iceindex.asp

Comparing the rates of inflation in 2006, the cost-of-living based CPI rose 2.2%, while a cost-of-goods index rose 5.3% (Williams) and a cost-of-metals index (Ranson) rose 8.2%. When governments clamp on the brakes with interest rates to control inflation they make fiat currencies look more attractive, dampening metals prices. But over the long term metals have outperformed the currencies, and there is no going back.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
07/19/2022 4:58 pm
Valued Member
Windmiller's Avatar
United States
52 Posts
 Posted 11/26/2022  3:54 pm  Show Profile   Bookmark this reply Add Windmiller to your friends list Get a Link to this Reply
It would make sense for silver to fall in price as we enter a recession as it has in the past. Historically gold has done the opposite.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 11/27/2022  12:05 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Not in the silver bullion market, but if I was, I would be more interested at pre 2020 price levels

All of my comparatively small stash of World coin silver has come at below ASW melt prices.
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