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

Did anyone get the APMEX eblast today? They said that the 2011 silver eagles are limited??? I'm not sure what this is all about....what are they trying to say? That we have a small chance at getting 2011 ASE's later in the year?

 

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silver price todayso whats todays silver price t? and gold?

anyone have a current price

 

Yes. Received the same email. The Mint has imposed an allocations on bullion in the past. The allocation affects the AP's placing orders for new bullion, sometimes due to material supply issues, or while they catch up on production to meet demand, but this time, it's probably got more to do with ensuring all the previous years bullion is purchased before the Mint sends out all their new inventory. That is, APs would be limited on how much 2011 bullion coins they can order and may be required to take 2010 dated bullion until the inventory of 2010s is exhausted. APs and secondary market want to market this 'allocation' limitation to their benefit to drive sales of new bullion for which there may be no limitation in a few weeks or months. The secondary market would, if they could, turn to selling new inventory over past years issues and the Mint would be left holding last years stock for longer than necessary so they force the APs to take delivery of that first in order to get newer product. Another consideration, the Mint is releasing many new products in the first quarter of 2011 for the first time in a long time. They may currently be busy with these matters and behind in 2011 bullion production as they deal with numismatic releases right now.

A past example:

US Mint Bullion Allocation Ends from CoinNews.net 6/17/2009

2009 American Gold Eagles Inventory Depleted, Allocation to Begin from CoinNews.net 12/4/2009

US Mint 2010 Gold and Silver Eagle Bullion Coins on Sale Jan. 19 from CoinNews.net 12/23/2009

 

kitco.com

 

Thanks very insightful. Understood. Funny, how I don't care what year they are in. Silver is silver to me. If I were to purchase some now and they were 2010, it wouldn't matter much to me.

So the supply may be low temporarily and they are trying to take advantage of that. Nothing to say that in 4 months, they will suddenly be pumping out a bunch of 2011's!! Got it...

I wonder what the backlog is for 2010 ASE's....I'd think that there would have been enough buyers..... if not, that tells you that as a culture, we are not all sold on PM's yet!

 

Since we are "guessing" here, speculating, pondering, supposing and predicting.. I've been thinking about the posts a bit. There simply is no way to know how it will go, no way to know where folks comfort level is (where will they jump on or off..), for surely we think others will do what WE do, and of course that's not true. None of us think alike, nor do we analyze the same way. Not to mention that our goals (short and long) with regard to bullion (as that is what this thread is about -- not numismatica) are many, and diverse.

That said, well, the question posed earlier was to a deeper level than that.. we are in times that are not predictable anymore, moving at a pace that is not slowing for anyone, exponentially really. Look at the volatility...we have not seen such moves (at least I have not), and yet, here we are each day looking at the ups and downs of the pm prices, and being so NONCHALANT about it--as if it's just commonplace. How many of us will lose sleep tonight for the drop in pm prices these last few days? None I suppose. There is one word in the back of my mind to describe this, but for the life of me, it will not come forward to be written.

Sorry to go on and on; I too believe silver will "vastly" outperform gold in 2011; and gold will do well also! It is not yet finished. IMHO

 

If you ever get that word from the back of your mind to the tip of your tongue let us know... You might just be holding the key the universe. :hail:

 

It's what makes all of this really fun. I'm not entirely sure how much I can stomach if there's a huge drop in PM's. I have to at least be able to stomach what I've put in. I say that now, but seeing is believing and maybe if PM's really drop, I might get nervous....I don't know....but when they are up, and they are indeed up right now, even with the drop, I feel very cozy with my investments.

The great thing is that they movements haven't really been parabolic. Whether up or down. We are currently ZOOMED in right now in terms of PM pricing because we are right in the trenches. But as you zoom out and the numbers get blurry, I think all you'll see is a nice uptrend curve....

You can probably pick any date the last 10 years and within a couple months of that date, you'll probably see some swings.....up and down....

haha....now I want to know what she's thinking....

 

When I get "that word" to come forward, I'm absolutely sure none of us will like it. It has an edge of worry to it, sorry to say. But, think of it, I will..
Gosh, I hate when that happens..when you just can't quite bring it forward, but you know it's there..

Okay, that said, here's what I wanted to tell you all today, in the true "he said, she said" fashion.. Yesterday my S.O. (shorthand for boyfriend, which is a peculiar word at my age) had lunch with one of his clients. He is in Indiana for this past year, home once every 3 weeks or so.. Anyway, the client, a man, a farmer (but not the guy doing planting..the guy that buys and sells crops in the commodity area..) whose wife is an executive at a bank there (president? vp? I didn't ask...) told him the following: "SHE SAYS.." their bank is buying all the gold it can, quietly, and the word was/is not good for stocks, very good for gold/pm's. "Don't sell your metals, and stay out of the market" is what the guy said, in summary. FWIW Lots of people say lots of things with very little knowledge, and I know we don't post those just because..but this seemed like a good one to share here. BTW, commodities are rising (..HE SAYS..)

Lucy

 

You guys catch the article Cloudsweeper posted by Schiff today?

Don't let the title of it fool you as to why I refer to it now, although it offers good advice nonetheless... at any rate, there's other good info to glean from the piece, so check it out.

Here: Bullion vs. Numismatics Article

 

Thanks for the info. I don't know what S.O. stands for. You could also just say BF, and people will get it. =)


What I'm not sure about, and we've spoken about this here on the forums is, usually you get out when things are hot right? And buy when no one wants it. I'm not sure where my judgement is in regards to PM's. I just can't seem to find the right gauge.

And if one were to get out, where do you put your cash? And perhaps you never have to get out? Maybe PM's will hold your wealth for a very long time, so maybe there doesn't have to be a buy/sell transaction. Maybe it's just buy all you can and hold and sell what you need to live off? Or maybe if you are making enough, that you can live off your paycheck and hold onto your PM's?

Lots of questions...and guessing....

 

Significant Other

 

Good read and as you probably know, I am a follower of Peter Schiff. I listen to him on a daily basis, but I still keep an open mind about things. What he says, makes a lot of sense. Although he has come out and mentioned he thinks gold will go to $5,000, ultimately, his answer is that it depends what happens to the dollar. The price of gold is just indicating the strength of your currency. So what is the price of gold in terms of zimbabwe dollars right now? Probably 100,000,000,000,000,000,00 dollars and I'm not even kidding.....

I don't buy numismatics mainly because I'm lazy to keep up with what the price should be valued at, and I don't want to have to negotiate. I like to keep things simple. That's why I don't care if my bullion is from year 2009, 2010, 2011, doesn't matter.....

One thing I don't agree with him is at the end. Telling people not to buy Fools Gold. I take much offense to that! My gold is just as good as anyone else's!!!! =)

ah! thanks....

Well, BF is just as short as SO. Even shorter than S.O. if you include the periods. =)

 

I was wondering how you'd take the title of that piece and such.

 

Until you actually sell, they're just numbers on a piece of paper. Paper loss, paper gain, each day different. Means nothing until you sell and take the gain or the hit. IMO (Let's me sleep better) Personally, I like the tangible part

 

Since this is Bullion investing, and since I am out of PM trades, let me show you how some risk might be mitigated. Lets say silver was 29 tomorrow morning. Shares of SLV would be approx. 28.40 a share. If I was worried the market would go down and I wanted to preserve some wealth, and I figure something probably will break by April, I could buy some april 29 $ put options @ 2.38 currently. That is less than 10%. So if silver stays above 29, I reap the rewards, but lose the 2.38. If it goes below 29, my puts increase in value, so I don't lose much. The bad case is if it sits right at 29 until april expiration, but the most you would have lost is $238, and sleep better at night. Numbers may very a little as I didn't want to go too deep. This is the "Buying protection" CNBC people talk about.

Forgot to say , this is for each 100 ounces protected.

 

Sounds complicated to me!! Yikes! I know a lot do that, though. My husband did somethings with 'puts', options, or something?? I didn't understand it back then, and don't now. Or maybe that's a different ball of wax?

 

It does seem complicated, and can get much more so with exotic combinations, but they can help limit risk and loss of most or all of one's capital if used correctly. I am sure your late husband was using them in some form. There is chance of losing all or most of the capital if they are not correctly utilized. I was not advocating them for general use, but in times of movement uncertainty, they can help. I mainly use them before stock earning reports in case the report is bad enough to cause great loss. It is just insurance one pays for to limit exposure. If the report is good, the cost will be lost in the gains.

 

Then I wish you all good reports!!!
Lucy

 

I had a good laugh at the guy who was willing to pay 44 times face for silver. I see this all the time at the casino book. Some people will take a team regardless of the spread. They just want to back them no matter what. It's good for those who study trends and do their homework becaus it warps the speculation. As long as we don't get too greedy and speculate only that which we can afford to lose and still have funds to invest tomorrow, we will do OK. IMHO

gary