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 Replies: 743 / Views: 51,950 |
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Valued Member
United States
196 Posts |
I completely agree hawk, I was lucky that I sold a week and a half ago and got nearly top dollar (numismatic) value for my morgans and other graded things, so now it is time to go purely bullion for a little with these prices haha.
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Pillar of the Community
United States
3670 Posts |
I was not far behind Wildspinx an just barely got my last batch moved in the nick of time shall we say.... Matter of fact when I first listed my items about two weeks back all low starts a couple of members asked me what gives an why was I selling, an I replied after several months of sideways movement I feel a sub 30 dip coming, an actually got that one right for a change, lol.... Not that we all didn't see it inching towards that sub 30 number, but I did say last fall silver should be around 60 per oz. her in early May, rof  , an how wrong was I, an just another lesson of life how things rarely ever go the way you think it will.... Edited by Silverhawk74
05/09/2012 3:58 pm
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Pillar of the Community
United States
3640 Posts |
Last year most of the predictions was silver
hitting $28.00 bottom as for this year up to summer/mid summer. Looks like it will be close but a tad earlier at $28.00 this year. Doubt it will go lower than that.
Then the climb again slowly for a while then a big jump up
before the year is out. By the way, forget about any U.S. indicators or stock market/supply and demand etc.
Hate to say it but we are not in the lead anymore.
See what China is doing and then decide what you want to do.
Either way buy like crazy when it hits $28.00 or a tad under.
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Valued Member
Canada
178 Posts |
Silverhawk74 wrote: Quote: I noticed on ebay that the running auction for nice .999 fine silver items such as coins or bars with starting low with no reserve are far an few between now.... I've noticed the same thing. A lot of sellers I check out only have Buy It Nows. The bigger dealers don't seem as bad, the premiums seem to have dropped more this time than the last time silver dipped into the $20's. |
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Pillar of the Community
United States
3670 Posts |
Great call Hulk on Buy it now's many don't check, often I fine deals better then running auctions. Most will not check buy it now's, assuming the seller has a big profit figured in.... I also got APMEX email once again running the J&M bars a 1.49 over spot, an IF silver does go back to 28.51, just imagine 30 dollar J&M bars. I do despise the shipping cost there, but if one bought a sheet or more, would not matter much, still a solid deal at those numbers.... |
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Valued Member
United States
196 Posts |
i was think the exact same thing silver, really still trying to hold out on my show this weekend because I am hoping they have some nice silver proof for $1-2 over spot. Then I would be in heaven if these prices stay til then, otherwise I will be kicking myself because I didn't buy a sheet of J&M's
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Pillar of the Community
United States
3670 Posts |
Look at this, I love these Monarch old pour style tombstone 3 oz. bars, an I kid you not added one to my list via 120 buy it now (That's to high right now no doubt, but usually 130 is low as I see them listed)an here I see them push this bar from 95 LAST night to close to ending up at 127.50 (or 42.50 per oz.), lol. Again 7 bucks past buy it now next door, classic.... http://www.ebay.com/itm/14074732436....m1438.l2649I see another 3 oz. odd rare brand bar setting at 105, which is high at 35 per oz.. My point, they are buying still an spending that over spot premium they always do on ebay..... Edited by Silverhawk74
05/09/2012 6:15 pm
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Pillar of the Community
 United States
1454 Posts |
Quote:My point, they are buying still an spending that over spot premium they always do on ebay..... Bulls-eye, Hawk. In my nearly four years buying silver on ebay, that has been my observation, as well. Even when spot silver was $10, SAEs were selling for $14-16, or 40-60% over spot. And the buyers were lined up around the block. |
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Pillar of the Community
United States
3670 Posts |
Man, I wish I had been smart enough to be buying ASE at 14 to 16 each, when silver was that low back in the early part of 2000 an had bought as many as possible.... |
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Pillar of the Community
United States
863 Posts |
Im torn. I know I need to keep pilling up on silver but hate to buy before it drops
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Pillar of the Community
United States
1454 Posts |
Hawk,
I wish I had the sense to buy back then. My scores came mostly between late 2008 and mid-2010 when silver was ridiculously inexpensive. It stayed in the teen for nearly all of the period. I'm hoping to see those days again sometime soon.
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Pillar of the Community
United States
4008 Posts |
Quote:
Even when spot silver was $10, SAEs were selling for $14-16, or 40-60% over spot. And the buyers were lined up around the block. Yep. But the flip-side of that coin is that just because the "official price" of silver falls to some low number does not mean that there will be silver metal available at that price. :-/ Quote:
Im torn. I know I need to keep pilling up on silver but hate to buy before it drops Well, maybe these two thoughts will be some consolation: 1) if silver prices rise considerably in the future, will you really care whether you bought at $30 or $35 if it goes to $100 or more? Probably not. The people who bought gold at $275, $300, or even $400 per oz. probably don't care either these days... and 2) consider that the dollars you are holding are melting away as we speak. Bernanke says that we had about 3.5% inflation in 2011. John Williams says that we had closer to 10% inflation via the old government method of measuring it. From what I have seen in my own life, John is a LOT closer to reality than Ben is. So... do the dollar cost average thing and quit worrying about the price of each and every ounce. In the end, ounces possessed are likely to be MUCH more important than the fiat price of each ounce. Just my $0.02 worth.  |
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Pillar of the Community
United States
1454 Posts |
Quote:
Bernanke says that we had about 3.5% inflation in 2011. John Williams says that we had closer to 10% inflation via the old government method of measuring it. From what I have seen in my own life, John is a LOT closer to reality than Ben is. That because the FED wants to keep the COLA as criminally low as possible for vets and seniors. |
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Pillar of the Community
Japan
666 Posts |
One thing I know for sure - some sellers will show up at pawn shops to unload their silver hoard. Among this hoard I might find some collectible items I want for cheap. In order to diversify and make some margin while selling on forums or ebay. So far, since September 2011 my average buy price is $25/oz, sell price - $44/oz. If both go down I am ok with it as soon as I add some items for myself. Saying that I do hope that prices will stay at this range ($30-35) for as much as I can earn my $$$ and spend them for PM. Recently added krugerrand for $100 below the spot ... what a deal, huh?! Prices go down, sheep scared, sells it - I might be sheep as well, but I'd like to add in order not to cry when I left with bunch of paper and no PM. )) |
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Pillar of the Community
United States
3670 Posts |
Well early indications from the Asia market is a a minimal plus for gold, like not even worth mentioning an silver is still taken George Foreman upper cuts Joe Frazier style, down 12 cents to $29.15 since the markets closed back our way....
I think we can expect more of this to finish out the week, MAYBE with a recovery back up day tom or Friday, that will turn out to be little to next to nothing....
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Replies: 743 / Views: 51,950 |
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Posted 05/09/2012 3:53 pm
