Silver getting crushed today

I'm going to say that it's too soon to say that. Slabbed coins have only been around since the 1980s. They had a huge spike right before 1990, a huge plunge right after, and they're nowhere close to recovering their original height. Over the last few years, the trend has been flat or downward.

 

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I don't think I follow your argument. Don't you agree that a fall from $20 to $16/oz is twice as large as a fall from $40 to $36/oz?

 

You're using numbers and not percentages now.
But, the short answer is yes.

I value acquisition costs in relation to purchasing decisions in similar correlated purchases.

If I bought something at $40 and it dropped $4, how do I correlate it to something I buy at $20 that drops $4? I would buy 2x$20 stock instead of 1x$40 stock. So a drop of $4 is actually a drop of $8 for the 2x$20; thus yes it's twice as much of a drop. But it's a dollar amount for me, not a percentage. Conversely, a rise would garner more rise in valuation.

you've hit the reason why I search for low cost quality stocks on the rise. More quantity means more upwards valuation potential.

 

This is the silver thread but I have been on Ebay alot and AGE's are going for extremely low premiums. Just saw an Apmex deal for $1273.00

 

I understand what you're saying, but I still think it's a fallacy, along the lines of thinking that a hundred cents is "more quantity" than ten dimes.

Sure, it seems like buying 1000 shares of a stock at $1/share and watching it go to $10 is a big win -- and it is. But so is buying ten shares of GOOG at $100/share and watching it go to $1000. And don't forget about splits, which can turn a "small quantity" of a winning stock into a larger one -- that's why my number of AAPL shares is a multiple of 7.

Also, low prices (or "large quantity") don't mean less downside potential. That $1/share stock can still go to $0.10/share, or zero. And there are reverse splits, which is how I came to own 10 shares of Citibank.

 

Here's the updated article I lost the other day, about Platinum ==> https://www.marketwatch.com/story/platinum-hits-lowest-since-2008-on-car-tariff-risk-2018-07-04

interesting statements in it

In the old days, when Platinum was high than Gold, I always thought Platinum was a good investment. Then a few years ago Gold overran Platinum. Now, you wonder how much more the spread between the two can go. No more price relation we had decades ago; it's clearly on it's own as a metal and it's pricing. Which as they get closer to alternatives in catalytic applications, it's going to really drop.

 

I'm debating on picking some US gold / platinum (PLT has dropped this week much closer to spot for BU/PF). But so many choices in the 1/4oz - $5 size.

Anyone else picking anything up ?

 

All True.
It all depends upon your research, how much money you have to invest, and how your pick your winners. How you value Dividends (I used to have GE strictly for dividends but sold at $28-31ish after I figured it was a dud); dividends per share, share price as your total investment $$ impacts the amount of dividends).

I recall buying APPL when Steve Jobs came back. A big bonus for someone to turn around the company and stock. I did an initial buy in of $10k at $5/share.

I tend to compare well heeded, growth companies with high stock prices to upcoming companies in their market sector (compare financials, future, outstanding shares, income per employee, etc, and make my decisions based upon how I think their stock will appreciate in the certain timeline comparisons.

For instance. Facebook is a great stock right now at about $195. Correct?
I started buying it at $25 and stopped at $85ish as I wanted to direct new cash to lower priced, upcoming companies.

Square at $62 is considered a great growth stock. Competitors are Pypl, gpn, etc. ANY of those are great stocks to own due to the cash flow. I started buying SQ at $17. Here's comparison of SQ PYPAL GPN. I think it was the better choice.


Investments are all research and hoping the management, market, economy all are in a positive direction. Then making decisions to buy more, hold, or sell some for profit taking or, sell all and run.

I've gotten hit with reverse stock splits before .. can't think of them right now but one may have been C like you. And of course some turn into duds like GE, luckily I got out of it before it's stock collapse.

If you have unlimited $$ to invest then buying Google is no problem. But if you have limited $$ to spend then you may not be able to even buy one share of google.

I used to have Priceline at $1 or $10 (back when they nearly fired Cpt Kirk as a spokeman) … now I wouldn't be able to buy 1 share without having to save up. And I actually owned 1 share or BRK-A back in the early 90s back when it was "affordable".

 

I think it is much too early to buy more than an ounce or two, and I would go gold at this direction.

 

Yup. I'm only looking at a 1/4 oz. Probably American Eagle.

 

I think 1/2 would be better 1/4 for me and a 1/4 for you.!!!!!

 

Umm. I'll take your recommendation under consideration

 

Happened again yesterday for the second time in a week. APMEX sent out a 24-hour deal on eBay, 1 Oz. AGEs at $11.99 over spot. By the time I saw the email an hour later, they were sold out. EBay said 25,000 were sold.

Some folks obviously think it’s a good time to buy.....

 

My neighbor bought on of the last imported Yugos, he thought how could he miss at such a price. He later donated it to the charity "Crash and Bash" race.

 

I don't miss those cars. They approached us to design the weather stripping for the a convertible model that was being converted in a Livonia MI warehouse. Upon seeing one we found out (from other ppl testing them) that the bearings were so bad that on a slight downhill it would not coast downhill.

 

Boy it would be kinda confusing for a newbie to ready the last 15 pages of this thread, When they thought silver was getting CRUSHED!!!!!!!

 

SPOT PRICE CHART
GOLD
$1,258.19
-0.51
SILVER
$16.12
-0.02
PLATINUM
$851.60
4.60
PALLADIUM
$951.70
-0.30
COPPER
$2.86
0.00

 

Yeah, buy a pound of copper!!

 

YES Buck... last few pages I got coached up and schooled ………..liked it...….. but still stacking...u know..

 

I never knew Provident had a History page with multiple charts of various stuff.

Although they just redid their website, so maybe they just added it?
https://www.providentmetals.com/spot-price/chart/silver/


replace "platinum" with "copper", "gold", "silver"
https://www.providentmetals.com/spot-price/chart/platinum/