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 Replies: 27 / Views: 3,807 |
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Valued Member
United States
98 Posts |
What's the difference between "spot" and "melt"? It seems that people are using these terms interchangeably on this forum. For example "I just bought this coin at spot." or "I just bought this coin under melt."
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Pillar of the Community
United States
1256 Posts |
Libertad: point taken. hadn't thought about confusing Mercs with new dimes. note to self: stay away from average Joes :)
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Valued Member
 United States
253 Posts |
 So what I'm getting is "They" are hoarding bars and rounds for large deals, and coins for fractional deals  After the world economic Apocalypse  |
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Pillar of the Community
United States
667 Posts |
Spot Price - The current market price for immediate sale of a precious metal, or any other commodity.
Melt Value - The value of precious metal in a coin, calculated by multiplying the weight of the metal within the coin by the market price of the metal.
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Pillar of the Community
United States
3592 Posts |
[timsumrall: I have to disagree with you. If you showed the average Joe a silver dime and a 1 oz round they might still confuse the dime for a regular one. Most people, in my experience, just don't know the difference/]
Libertad, I don't think the "average Joe" would know what a 1 oz. round was either....I still hear people calling Ike's "silver dollars"
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Bedrock of the Community
United States
10982 Posts |
I'm hoarding rolls of silver halves. I think I have about 10 rolls socked away now.
P.S. People will quickly learn to tell silver from clad if and when the time comes.
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Pillar of the Community
United States
511 Posts |
During the 1979-80 precious metals boom, most of the action involved the public selling silver to dealers. It's going to be very different in the future. People will be waiting in line to buy, not sell. That means much higher premiums over melt.
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Pillar of the Community
United States
757 Posts |
yeah agree with maineman here.
on the other hand, maine, the lack of public knowledge of such things can be as much an advantage to you as a disadvantage; e.g. some may confuse an ike with silver. of course, that's not a very friendly thing to do to someone no matter what your situation.
and the bars I think a lot of people would be skeptical of accepting bc they won't know how to determine whether it's really silver.
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Pillar of the Community
United States
667 Posts |
When you put money in the bank they call it saving. Why when you put money into silver / gold do they call it hoarding? When you thing about it, isn't it the same?  |
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Pillar of the Community
United States
757 Posts |
yeah of course it's the same. but if you're looked at negatively--as a hoarder--then the fedgov. can more easily steal your savings like it did during the depression.
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Valued Member
United States
253 Posts |
I'm not a hoarder I'm a collector that likes to have "A whole bunch" of silver coins & rounds on hand and I "LIKE" to watch the spot prices.
Coggie
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Pillar of the Community
United States
757 Posts |
you're a menace to society, cog.  |
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Valued Member
United States
253 Posts |
Some are born to it, others have to work hard at it.  Which are you?  |
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Valued Member
United States
206 Posts |
fractional silver US coins are the best investment as hedge against inflation ..Silver will be $60 this spring or before... Not a good indicator of our economy but a fact...........J P Morgan is about to be indited on fixing silver along with other banks once they are out of the silver future fixing game silver will go straight up.... |
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Pillar of the Community
Canada
3692 Posts |
Speculation about the future isn't a fact. I'm betting these giant corps get a slap on the wrist and a hefty fine. Some other people will take their place and it'll happen again.
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Replies: 27 / Views: 3,807 |
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Posted 11/18/2010 6:38 pm
