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 Replies: 24 / Views: 2,688 |
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Rest in Peace
United States
5375 Posts |
Since I have a lot of extra money and silver prices seem to be going way up in general, I've been definitely thinking about this. Generally, I was wondering how silver prices are seasonally, do they tend to drop in winter? Also, has anyone tried picking up old silver coins on ebay for cheap? As in, I saw a few morgans in bad condition going for five bucks, but the silver value (.8 oz) is actually about $13. Thanks for your help. |
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Bedrock of the Community
United States
12437 Posts |
Precious metals do not really fluctuate seasonally. Things that can affect price and demand are new mind finds, the dollar losing value, World Bank(or any financial organization) selling off assets, the rise of the middle class in China and India, etc. As you can see, many ways to move the precious metals market up or down. Did that auction end at $5? I bet it still had time left to be that cheap. How much was shipping? Were the auction pictures clear and the title/listing in the correct category? All of those factors usually keep anyone from "stealing" silver below melt value on ebay. Old silver coins as bullion are big on Ebay- you may get lucky and get something cheap from a seller with bad pics or you could wind up with a pile of fake junk masquerading as silver. Some of the better places for getting silver cheap is yard sales, estate sales(rural auctions are best), and antique dealers who know little about coins and are slow to change prices. However, you could also run into the opposite- people thinking that any old coin is worth a fortune even if it is a $15 1921 Morgan. |
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Pillar of the Community
United States
6326 Posts |
Any silver dollar going for only $5.00 is a good deal.......Morgans are 90% silver and so I would certainly take as many as I could afford at $5.00 apiece!!...  .......in any condition ! Others could speak better to this than I about "seasonal" silver prices, but I would say no.....the "season" doesn't reflect in the "spot price" for silver or gold. There are a lot of factors though, National and International....and many say the "trend" is going to be good for quite some time....But just keep in mind that it can be a roller coaster ride and many have lost a lot of money "investing in silver & gold"........ long term is what I look to and hope for in my purchasing of silver and gold.The short term matters NOTHING to me...(except that when it goes up...it makes it more expensive to buy...like gold is right now!) Even developing nations can effect this such as China and India and there's A LOT of opinions on that too.......silver is now used for so many different things.....possibilities look really really good..  |
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Rest in Peace
 United States
5375 Posts |
The main thing I'm just annoyed about is that I didn't know about this peak oil stuff in 2004 or else I would have dumped 2500 into silver when it was $4.70 an ounce and made $8000...
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Pillar of the Community
United States
6326 Posts |
... ...I take too long in my replies !!.....Biokemist6 beat me too it......  But as per usual, his detailed specific information makes mine look like a childrens book !!...  |
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Rest in Peace
United States
5375 Posts |
So I guess I should take the chance to grab some (if I want to) whenever it drops a little....I'm learning towards that with the future state of the economy for the next ten years (likely bad) it's going to skyrocket. I thought it might drop in winter because oil prices drop and whatnot, and precious metals seem to inversely correspond with oil prices. About grabbing silver off ebay, I was more talking about individual lots where the person seems fairly clueless because they don't know about current silver prices, you're absolutely right that with big silver lots, very few, if any people will be able to 'steal it'. I will be careful though if I decide to do this. As for estate auctions and whatnot, could you recommend any sites or ways to look into it? I live in a really rich suburb so I doubt I'd find anything here. |
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Pillar of the Community
United States
6326 Posts |
ShadowCreator.......By the way.......you also said, quote:
Since I have a lot of extra money and
Ummmmm.......I'm a little short.....and you have "a lot" sooo.... .. |
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Rest in Peace
United States
5375 Posts |
Are you making a joke? lol
I have a bit of extra money.
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Rest in Peace
United States
5375 Posts |
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Pillar of the Community
United States
6326 Posts |
Yes.....just teasin' ya !... ........informative and educational is the main thing with this forum....but I like to help make sure it's "fun" too !..  Hope to see ya more on the boards my friend !...  Edited by eaglefoot
05/09/2008 3:31 pm
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Pillar of the Community
United States
1208 Posts |
Is it just me, or isn't this the time to sit or sell?
Silver is several times more expensive than it has been
not long ago. That was the time to buy.
Then, when it was 20 or so, that was the time
to sell.
Now is the time to sit and wait to buy or wait to sell.
In other words, you missed the boat either way!
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Pillar of the Community
United States
1130 Posts |
I'm dumping silver in favor of platinum for now.
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Pillar of the Community
Australia
1040 Posts |
When is the best time to buy? When is the best time to sell? Buy low, sell high. Hey, if we all knew when that was, we would all be sitting in the Bahamas writing this.
I think the main factor that will keep prices of silver high in the foreseeable future is the ever growing industrial demand. In 2006, for the first time, industrial use of silver accounted for more than 50% of total manufacture. Add to this the rapid growth of the middle class in China, India, Brazil and Russia, and all you have is upward pressure on prices.
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Pillar of the Community
United States
2049 Posts |
I have seen people projecting silver to dabble around the mark is now up towards $20 or so for the next few months, and then explode to $25 or $30 an ounce. It's hard to predict exactly where it will go, and at what point is the best time to buy. Not only will there be continued use for industrial and jewelry markets, but some people use it as a store of value against inflation. Another reason is survival...if TSHTF and our federal reserve notes become worthless, then you might want to have some silver coins on hand to make purchases for every day items. Finally, there are some that say there is a silver shortage and that silver is undervalued right now. I am not sure if I believe that totally, and maybe the "shortage" is more of a function of private hoarders and dealers even holding onto their stash hoping to take a bigger profit down the road.
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Valued Member
United States
439 Posts |
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Valued Member
United States
487 Posts |
I think silver is where gas was at $1.80 a gal. Boy its high, can it go up from here. It more than doubled and so will silver.
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Replies: 24 / Views: 2,688 |
Posted 05/09/2008 3:07 pm
