Sinking Silver Prices Giving Me A Conniption . - Page 3

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Author	Replies: 37 / Views: 6,145	Page: of 3

silverwolf Pillar of the Community Canada 3733 Posts	Posted 07/16/2022 8:30 pm Quote: but started thinking about the money I lost by buying shortweight coins. most dealers buy on face value, not weight. you are fine. Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 07/18/2022 02:07 am 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.. Report this Post to the Staff
captainrich Pillar of the Community United States 982 Posts	Posted 07/18/2022 05:04 am Quote: Glad to see Sarris is still in business. Sarris had a major fire ten years ago, but was quickly able to bounce back. My 7070 My NGC Registry Sets: https://coins.www.collectors-societ...eopleID=9216 Edited by captainrich 07/18/2022 05:05 am Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 07/18/2022 07:31 am 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. Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 07/19/2022 4:57 pm 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 Report this Post to the Staff
Windmiller Valued Member United States 52 Posts	Posted 11/26/2022 3:54 pm 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. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 11/27/2022 12:05 am 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. Report this Post to the Staff
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