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 Replies: 97 / Views: 8,898 |
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Pillar of the Community
United States
4008 Posts |
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So what is everyone doing now holding out for a lower price or buying? I continue to buy at regular intervals. When the price is low, I tend to buy more than when the price is high, but I always try to buy some no matter what the price is. I am in the accumulation phase of PM collecting, so will continue to buy more until I have the amount that I have planned to collect. I started with silver and am continuing with that. Once I have the amount that I want, I will try some other metals, such as Pt, Au, or Pd. Pt looks very good right now but it is in short supply. Many dealers are "out of stock" on most of their Pt products. The 1/10th oz. coins seem to be in reasonable supply but I would prefer larger coins to try to cut the premium I have to pay. Pd may well be the sleeper of the PMs. It is reasonable in price and in good supply at most on-line dealers. I would not mind getting one of those 25 1-oz. ingot boxes that they sell, each bar in its own holder and all of them sitting up on edge inside the storage tray. The Pamp Suisse bars are especially nice. |
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Pillar of the Community
United States
2168 Posts |
Thanks for your replies. I guess I have been lucky since my local dealer still has silver at the same premium as always and has stock. 22 per $1 of junk silver. Yes platinum is also a PM to look at even the Eagles on the Mint site are less than gold. Next week it most likely will go down since spot is decreasing so far
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Pillar of the Community
United States
4008 Posts |
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Next week it most likely will go down since spot is decreasing so far Yes, that could happen... or, it could turn around in a flash. PM markets tend to be like that; volatile AND fickle.  |
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Rest in Peace
United States
9104 Posts |
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I have a lot of friends and family that raise cattle, the difference between what they sell it for and what it reaches the market at, is remarkable. Same thing with Milk, and grains. OK, I'm ignerunt. My knowledge of milk is that white milk comes from white cows and brown milk comes from brown cows. I see where milk sells for around $21 a cwt. Isn't that around $1.75 a gallon? Locally, it retails for $2.50 (not counting the 8 ounce boxes that sell for $16 a gallon). The typical main st store doubles its money on retail items from wholesale. Here, there's 43%, and that includes transportation, refrigeration, packaging, processing--all stuff that doesn't need to be done to a boxed toy, for example. I have also heard that farmers are getting the least for milk since the depression. Learning ears on. |
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Pillar of the Community
United States
4008 Posts |
Milk made a high of around $3.79 a gallon about a year ago. Since then, it has been falling in price. My wife is a real two-fisted milk drinker and usually drinks 1/3 to 1/2 a gallon of milk a day. I drink about a quart of milk a week, mostly on breakfast cereal. Because of this, we buy a LOT of milk. The most recent price was $2.69 a gallon. On sale, it can be had for $2.29 to $2.49 a gallon. Lots of inflated food prices out there but milk, at least in our area, does not seem to be one of them. Cheese, on the other hand, is outrageous. The usual 32-oz. brick of cheddar was $4.99 last year. Today, it is $7.99. Occasionally, it is on sale for $6.49. Love cheese but at these prices we have cut back on it. Probably for the best, health-wise, but it IS tasty.  |
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Rest in Peace
United States
9104 Posts |
Haven't heard much about gubmint cheese handouts lately.
I make it a point to stock up on short-date milk. Friday, I grabbed 6 gallons dated Oct 9 @ $1.50 per. The orgasmic milk follows some really weird markdown schedule, but I've seen it at a buck a gallon, with a week until expiry. Sure beats $6.95.
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Valued Member
United States
315 Posts |
Milk is $1 per gallon at Frys on Tuesdays. Mid week I think senior citizens get a 10% discount on everything in the store. I am not anywhere close enough in age to get the senior discount. I am sure by the time I am, they will stop it.
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Rest in Peace
United States
9104 Posts |
Fry's Food is part of Krogers.
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Valued Member
United States
370 Posts |
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I have also heard that farmers are getting the least for milk since the depression. My Uncles brother runs a small dairy farm, last time he brought it up(about a year ago), they were getting just over $13 per hundredweight from the milk company. For the size of his operation he needs at least $18 per hundredweight to just break even. They are basically giving the milk away for free and have been for a few years now and is on the verge of losing the family farm because of it. |
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Rest in Peace
United States
9104 Posts |
"Family farm" has a nice ring to it, but they're the source of a tiny portion of our food, and most farmers have "real jobs".
I don't mean to offend, but what advice would you give a coin dealer if they were getting just over $1300 per ounce from the refinery and the size of his operation needs at least $1800 per ounce to just break even. They are basically giving the gold away for free.
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Pillar of the Community
United States
4008 Posts |
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They are basically giving the gold away for free. With a $500 per oz. differential, it sounds as if they are paying people to haul it away!  |
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Valued Member
United States
315 Posts |
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I don't mean to offend, but what advice would you give a coin dealer if they were getting just over $1300 per ounce from the refinery and the size of his operation needs at least $1800 per ounce to just break even. They are basically giving the gold away for free.
The way it is wrote it sounds like you are saying that they are lossing $500 an ozt. My advice would be to lock the doors if they are lossing $500 an ozt and get a real job. |
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Pillar of the Community
United States
2168 Posts |
Back on the subject of how low it will go. Wow. All PM dropping again today. Who knows. Platinum is quite a bit lower than Gold as well
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Pillar of the Community
United States
2168 Posts |
Wonder how much longer for the US mint to resume selling silver
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Pillar of the Community
United States
4008 Posts |
Quote:
The way it is wrote it sounds like you are saying that they are lossing $500 an ozt. My advice would be to lock the doors if they are lossing $500 an ozt and get a real job. Yes, with business skills of that caliber, they could have a real future in either banking or government.  |
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Replies: 97 / Views: 8,898 |
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Posted 10/02/2011 3:19 pm
