2011 GOLD high $1,500.00, SILVER high $24.00

Profit taking has started, notice it falling a bit this morning.

 

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Palladium has remained strong.

Currently:

Gold: $1,353.30
Silver: $27.37
Platinum: $1,662
Palladium: $702​

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personally I think junk silver and bar/rounds are practically one and the same... we all know the purity and they aren't measured by numismatic prices...(at least junk silver isn't that I know of unless it's a 32 D quarter or whatnot) keep posting lucy don't worry about it this is a discussion board afterall and if people stop posting cause they are worried about this or that it's just going to get alot quieter... and I for one want to learn and see what others think... The combined wisdom of 100 people can sometimes be better then the wisdom of the smartest person in the world...

 

The point is that this is not a thread about junk silver. Junk silver does price at different amounts based on: what kind of coins they are, sorted or mixed, 90% or 40% silver, old coins or junk modern commems, off-quality govt. issued compared to brand new issued bullion, where you are buying the junk: in a coin shop, at a coin show or from a bullion dealer, on eBay or other individual-to-individual sales and perhaps even geographically, what someone is selling junk for and willing to buy junk for and in what quantities: $1k bags, a few face dollars worth...

This thread will only continue to be polluted with continued discussion about junk silver and trying to distinguish it from the topics of price speculating and what's driving it, and it has nothing to do with: junk silver. There are plenty of threads in the coin forums for junk topics. The OP isn't about what the price of junk silver will be at a given point in the future but what gold and silver (and perhaps platinum/palladium) are possibly going to do in the future.

The figures quoted from kitco are based on market spot prices, the quotes of 'pure standard exchange approved bar form precious metals'. Everything else, Eagles, Maples, junk, what have you, is priced differently. When you talk about junk it's varies too widely and is not the concern of this forum topic.

If you need an example of how bullion dealers split up junk and other categories, look at those for 90% and 40% on Provident Metals' web site to see a range of prices based on coin types within composition types. They are not one and the same as generic bullion, nor even that of government issued bullion on just this one dealer's site. The pricing reflects their spread, profit, retail costs, marketing expenses, etc. Discussing junk has nothing to do with this thread.

There are other threads and other areas of the forum where junk is or might better be, discussed than in this thread. I'm struggling to keep the discussion on topic by suggesting we refrain from continual talk of the concept, perception, pricing and validity of junk metals in this particular 'bullion investing' thread, and perhaps even from this entire section of CT since there are so many variants of junk silver collector-investors and their experiences and personal preferences for how to buy/sell it.

Thanks. :thumb:

 

The same can be said about bullion, whether it is Englhard bars, poured bars, silver art bars, rounds, or bullion coins. I think the point that Alex is trying to make is that we shouldn't chase anyone out of this thread just because their preferred method of bullion is junk, or anything else for that matter. They do all have different pricing mechanisms, but they are all based on spot value, which is what this thread is about. Now that doesn't mean that there should be side discussions here about what is the best kind of junk silver any more than a side discussion about whether ASEs are better than Maples.

I have both junk silver and bullion (coins and bars), and I follow this thread to see what everyone thinks about the spot prices and trends. I say everyone should be welcome unless they start thread crapping or being rude to other posters. If I am wrong then I will be the first to unsubscribe to your thread and stop contributing.

Thanks. :thumb:

 

I take no offense at this, and am curious why you believe junk silver would not also be affected by the price of silver in it's " 'pure standard exchange approved bar form..'" Seems to me silver is silver. I am as interested in the rise (or fall) of prices with my "junk silver" as you are with your, what, approved bar form. The discussion of junk is not pertinent to the rise or fall of prices of metals; however, the discussion of rise or fall of prices of metals is pertinent to my junk silver.

I am not interested in learning anything about junk silver here. I believe that for me to follow the rise and fall discussion re: precious metals is prudent on my part. Price of silver and gold (even if it is junk silver) affects me very very much.

What I am getting from your post is to stick to the discussion of the ups and downs of gold and silver prices in their pure approved form (and perhaps other precious metals.) And I am also getting that you don't like junk silver

Enjoy the day
Lucy

 

Goldmember: It's not my thread anymore than any others. It's not my intention to get anyone to unsubscribe from this thread either. It's my attention to keep the discussion of junk silver and various forms of metals and the wild differences in pricing of them, separate from the OP of this thread.

Guys. You're all just missing the point to stay on topic and not deviate into variations and discourse on junk silver, bars, and one's personal preference in forms of bullion. It's just unnecessary to this thread to continue in that train of thought to the long running topic at hand.

The spot prices quoted and hashed about are not for quibbling over one others personal preference in forms of bullion. I am struggling to say, there is no difference in spot price and spot is used in this thread to base speculation of future performance on and monitor daily volatility on, as quoted by the market price of traded pure standard exchange approved bar form precious metals. That's were the spot price comes from and it provides the catalyst for discussing PM speculation here, not what junk is or isn't to this topic.

All other prices are breakdowns from spot price into the various forms of bullion which are another topic, not this one, and not for this thread. This is a discussion on the performance of metals, what drives it, how it's doing and where it might go from one day to the next.

Every rebuttal I have tried to use to sort this matter has only contributed to the very thing I saw coming when Gary asked about scarcity of Washington quarters in this thread. If what has ensued doesn't illustrate my point about what this discussion has done to attract the wrong off-topic discussion that's taking over this thread and people still need to express ideas about junk silver or whatever form of bullion they buy or don't understand, then you are helplessly unable to keep your attention to the OP in focus.

 

Touche'

I'll follow Kitco prices for an update.

 

Not quite Lucy... I don't know where you get these ideas about what I'm trying to say by my asking that we not discuss 'junk silver' in this thread...

I never said I have anything against junk silver. I said talking about junk silver in this thread quickly leads to off topic discussion and that creates a mess of things in this thread-- which has shown itself to be the case! Swiftly.

I made no distinction from junk metals to any other bullion, PMs are PMs.

I did not say that junk silver is not effected by the changes in spot price. Rather, market prices affect all other forms of bullion, but we don't need to discuss each one here to go by agreeable numbers provided by quoting market spot price which are provided to us by the market updates from trading done in 'pure standard exchange approved bar form.' This frees us up from getting into too minor of details about this form of bullion over that form of bullion to discuss it's (speculated) performance.

I am saying that deviating into junk silver discussion prevents an orderly discussion of PM price speculation and what drives the volatility from the greater market forces. The OP is about future price speculation expressed by individual guesstimates at a rough future date so that we can discuss this speculation and perhaps the key market factors that are instrumental to PM performance. What one form of bullion is priced here or there is not effecting spot price in the market nor helping speculate about future PM performances. We are all concerned about whatever forms of bullion we may hold but to bring it to this discussion prevents a greater conceptual discussion of understanding overall PM price volatility and performance.

How can I be any more clear?

 

If you follow this thread, when I post the PM price figures, you already do... that is when I'm not urging others to stay on topic and fore go talk about junk silver.

 

Currently:

Gold: $1,358.80
Silver: $27.47
Platinum: $1,657
Palladium: $689​

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I know that junk silver and buillion are 2 different animals but they are priced by the spot price also just like buillion junk silver's composition is well known or if some people don't know a quick few minutes on google can explain it. I'm not trying to "pollute" this thread or steer anyone toward buying junk silver either... but most junk silver is just that junk it's not valued on numismatic value it's valued on the known amount of silver in it and it's like how ASE's and maple leafs are... made by governments and of known purity... it may not sell at exactly spot price or have a premium on it like ASE's but if the silver spot price is at $20 or $200/oz you can bet junk silver isn't very far behind in price...

also about the grading aspect and I don't mean MS 69 or MS 70's either... but about if you have a 1964 quarter and a 1986 ASE and both are in say G-4 condition (and yes I've actually seen an ASE like that too... it was kinda sad...) wouldn't the wear off of metal count against both coins? or unless people are just plain silly or don't know much about silver or junk quarters from 1964 and older are based value wise on where the price of silver is (with the exemption of key date and semi key dates) I seriously doubt anyone would use an ASE or junk silver for face value unless the price of silver took a nosedive to make it worth while

 

Currently in UK/EU markets for Tuesday 11/23/2010:

Gold: $1,359.30
Silver: $27.11
Platinum: $1,642
Palladium: $666​

US Market opening in approximately forty-five minutes...



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Currently After the US markets for Tuesday 11/23/2010:

Gold: $1,369.10
Silver: $27.63
Platinum: $1,649
Palladium: $680​

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Currently

Gold: $1,378.70
Silver: $27.69
Platinum: $1,655
Palladium: $687​

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Thought I"d put the prices in.. gee Krispy, everytime I write down a number, it changes when I look back again. By the way, I used bid #.

Here (for the moment):

Gold: $1374.60
Silver: $27.57
Platinum: $1655.00
Palladium: $696.00

Why so quiet here? Where is all the excitement that was here not too long ago? I think this forum ought to be reasonably happy right now with the way prices have gone up.

 

Thanks for posting the numbers Lucy. Yes, they do move a lot from moment to moment and it has been quite without fools_gold around lately.

I think this being a holiday week/end upon us, and the collector flurry around the release/shipping/receiving of the 2010 Proof ASE has a lot of attention elsewhere right now.

In general, PM prices have seemed rather hesitant this week, even with all that's going wrong in the world.

 

'Got a bad feeling about that.. too much in the news right now. So much, that one tends to overlook much of it. I often look and wonder 'what does the fine print say', as I believe that's what we're not paying attention to. That with gold and silver too. What am I missing? The overall on gold and silver I mean. The big picture. Hmmm. Time for a book about the past I guess. History often repeats itself.

 

I'm not sure how this particular prediction will pan out, but time will tell just as the news of the day will pass to something else tomorrow...

Silver, Gold to Surge on Wednesday? by Patrick Heller from Numismaster [11/22/10]

Take these columns with a grain of salt -- or food for thought. :smile

 

A quick read through the article and I am reminded how complicated this is! I've never "gotten" the options thing too well, but I 'get' the implication!

I'll read more by him just to see where he's at (his thinking I mean); the only 2 I read regularly are saying similar type things.

Heller is in Michigan, long-standing, and I imagine that were I to take the drive, he/his company could help me identify some pieces that I have been unsuccessful with. Thank you.