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 Replies: 10 / Views: 2,318 |
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New Member
United States
21 Posts |
I'm looking at silver at Kitco right now and I was wondering why is there isn't much to buy over there. They silver I want is only for shipping outside the U.S. They have Kitco brand 1 ounce Silver rounds, but not for us. I don't get it.  |
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Pillar of the Community
United States
1450 Posts |
I was wondering the same thing earlier in the week when I went there to buy some silver. They must have had a crazy run on silver and not been able to replenish supplies. The shipping inside or outside the US I think has to do with customs and tariffs.
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Valued Member
United States
310 Posts |
They don't want worthless US Dollars lol :)
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Pillar of the Community
United States
4008 Posts |
I don't know about buying silver from Kitco but their web site has some really nice PM price charts that I refer to from time to time. As to buying PMs, I really like APMEX. Just made my 2nd buy from them today and everything is working well with that. My 1st order was very well handled and the price was about as good as I could find. Oh, yeah... and "DeathByDimes" is the most hilarious name I've seen on this web site. It conjures up quite an image!  |
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Bedrock of the Community
United States
10982 Posts |
There is a shortage of physical silver in the market right now. Of course that's one of the factors driving the price.
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Pillar of the Community
United States
3670 Posts |
BH1964 makes a good point.... Could it be possible that the powers to be, (gov and the wealthy perhaps) is pushing up the price of silver, or pushing the buttons which would make it go up, to try and shake it loose from the public, via ALL OF US? Greed is one of the worst deadliest 7 for a reason rof (Gordon Gecko made greed cool eh), and as the number goes higher, the ones thinking of money and profit first, will turn their silver loose first IMO.... Edited by Silverhawk74
04/23/2011 11:55 pm
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Pillar of the Community
United States
1285 Posts |
From may past experiences Kitco has always had slim pickings on their inventory list. I ended buying most of my items from various other on line sites.
However they do have useful commentary and market analysis geared toward commercial end users. Their inventory is not collector friendly....lol
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Bedrock of the Community
Australia
21788 Posts |
Silverhawk74: I do not like greed, but I don't think greed is is currently the main driver of the price of silver. Sentiment perhaps. Certainly, for most of us in the CCF, who only have a modest amount of silver, interest and curiosity are more of a motivator. Those two influences certainly help to generate a lot of the posts we read here.
I am a fairly old guy, I have seen various price rises and falls of various commodities over the years. Been there done that. Made a bit, lost a bit, never over committed.
For those of us who have had the value of their real estate fall, don't worry. It may take a long time for the price of your house to rise again, but it most certainly will. It may just take a long time for it so to do. It is a bit belated, but the unemployment rate is at last showing signs of declining. That will help house prices.
Same with silver. Don't worry too much about a price crash. It may very well crash sometime soon, it may not. But if it does, it will recover about half of it's losses from the peak. That could also take time to recover. After looking at the share market, I would say the recovery time would be about two years.
For this reason, a two to five year time horizon should be looked at when investing in commodities.
Just don't get too nervous if a crash comes. Sell a little if you have to, but don't dump it all in a fire sale. You do dollar cost averaging when you buy the stuff, so do dollar cost averaging when you sell it too. It all has to do with a reasoned rational approach, and not a sentimental one.
The current steep rise seems to me to be driven by sentiment, i.e. crowd mentality.
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Pillar of the Community
United States
4008 Posts |
Quote:
It is a bit belated, but the unemployment rate is at last showing signs of declining.
Is it? To know that, we would need to depend on some numbers that we can trust and not necessarily the ones that the government trots out to make themselves and their policies look as if they are working. So far, they are not doing very well in that department. When people run out of unemployment benefits, for example, the government stops counting them as unemployed, whether or not they have a job. The government also changes the way that it calculated the rate of inflation to suit them and their agenda. These numbers are not calculated the same way as they were back in the 1970s, for example. If they were to use the former method of calculation, the actual inflation rate would be closer to 9%, thanks mostly to the inclusion of food and energy prices, than to the "official rate" of 2%. Of course, a 2% rate for inflation saves the government billions of dollars on pensions and other costs based upon the rate of inflation and makes the bureaucrats and their policies look better but, of course, there is no collusion on their part in this.  Quote:
For this reason, a two to five year time horizon should be looked at when investing in commodities.
Just don't get too nervous if a crash comes. Sell a little if you have to, but don't dump it all in a fire sale. You do dollar cost averaging when you buy the stuff, so do dollar cost averaging when you sell it too. It all has to do with a reasoned rational approach, and not a sentimental one. Excellent investing advice here and  with it 100%. Quote:
The current steep rise seems to me to be driven by sentiment, i.e. crowd mentality.
I agree that there may be some of this involved but do not think that it is a primary mover of the PM markets. The extreme weakness of the US dollar, which is used to price all commodities on the world market, combined with the increasing world demand for PMs seem to me to be much stronger fundamental reasons for the current price increases. As with the oil market, when supplies of a desired commodity become tight, which is to say that when supply and demand are in approximate balance, prices can easily be bid up quite rapidly. We saw this with $147/bbl. oil in 2008 and are seeing some of that now with $113/bbl. oil. After the market broke down in 2008, oil prices rapidly dropped into the $35/bbl. range before rising again into the $70-80 price range. Silver could well do the same thing but we won't know for sure until AFTER it has happened. Like a lot of others on here, I tend to buy a little silver from time to time and the price at the time is not a major factor in that. All it means is how much can I buy at that point in time. I have a long-term outlook on investing and it spans 3 generations of my family. |
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Valued Member
Cyprus
349 Posts |
definitely some herd mentality forming.
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New Member
 United States
21 Posts |
Thanks for the responses. I just find that us yanks can't buy Kitco bars or rounds from you know....Kitco. LOL
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Replies: 10 / Views: 2,318 |
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Posted 04/23/2011 1:18 pm
