Silver getting crushed today

Assuming you have a refrigerator and stove, you can prepare this satisfying luncheon cuisine for under a dollar - no cans, low sodium, more eye appeal, better nutrition

 

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^ Had already done that one, (at home not a restaurant) I called it breakfast.

 

FIAT Fix It Again Tony...

 

Yes everyone
Welcome to

THE COOKING THREAD.



Don't forget to show the silver or gold utensils.

 

My mini omelette

 

Wow, the market is going to go under 23k today. That only took a couple of days.



Oops ...


While Silver


Gold

 

wow ... I'm glad it's only a PARTIAL day.


although SILVER


and GOLD


hmm .. might be time to get the BIG rebound .. then sell right afterwards and hold. Although meethinks market is going to continue to have volatility for a few more days .. and PMs will continue to climb. Well, maybe.

 

Where was the Dow at the beginning of the year?

 

DOW


NASDAQ


S&P 500



SILVER


GOLD

 

How does capital gains work with funds tracking the Dow? They may not be positive at the end of the year but share holders will still have to pay capital gains on profits taken by the fund during the year?

 

If you take Capital Gains, you'll pay taxes on it.
If you sell your Fund, maybe that'll offset the Gains if they were recently purchased ....

I had to keep some of my stocks to prevent possible Wash Sales. Hope they come back as the FIFO is the new rule for stock sales. In the past you could select which batch to sell which helps one prevent any losses of multi-time/batch purchases.

But I got out of my Funds, which are all 401k based back in the 26s.

 

Hot Dang that looks good and with a side of meat I would go for it.

 

Whats the deal if you buy random year ase from provident it would cost ya $17.23 with a buy back of $15.99 but the 2018 are $17.09 and buy back $16.24 also this
2019 Chinese 30 gram Silver Panda
As low as$20.20
Add to Cart
BUY BACK PRICE: $14.22
That is below spot right??

 

That high buy back for the 2019 ASE is really only applicable for 9 months. After that, it will lose its "current year" appeal.

 

The Panda was 2019, the ASE was 2018. And if there's a "current-year appeal" premium, why are they selling the 2018 lower than "random year" ASEs?

 

DO they need a reason??

 

I see what you're saying. Good catch.

The answer: because they're Provident and as a smaller company they make regular typos/errors/oversights that the bigger dealers like JMBullion do not make. It's mistakes like that in their pricing that make me always a little more skeptical ordering from them. The prices are great, though!

 

To the MOON!!!!!!!!!!!

 

It's not a typo. If you go back in this thread you'll see I'll post selling prices and spot prices and sometimes buyback prices of ASEs from Provident/APMEX.

You'll see inversion of prices of new/old ASEs from time to time. In this case they probably want to sell out of their 2018s as those were purchased at a certain price from the Mint. People like the new stuff 2019s so they want to flush out the 2018s. The Randoms were purchased from ASE owners and are priced accordingly from BuyBacks.

The BackBack price varies over time. If spot changes then the selling price *AND* Buyback price changes. The spreads change too (from buyback, spot and selling prices)

Each and every time I buy ASEs I check against the current year versus random year for the lowest price. It varies.

Keep in mind 2018s from Provident varies from APMEX which varies from other retailers. Why is this? Typos? I think not.

Watch prices. Not just of random year, and current year but also of past years.
You get provident email right? When they have a sale track what those sale prices are. Notice if they are selling Randoms at 1+ same price or if they break it down from 1-20, 21-50 etc prices. This can give you an idea of inventory (maybe) and their potential pricing strategy.

My last purchase was 2018s becz they were cheaper than randoms.
In past purchases my Randoms also contained current year ASEs which were priced higher. I assume those current years were sell backs and thus considered Random Years as they have now exchanged hands from retail.

AS for the Chinese buyback ... don't forget about Supply/Demand. Also Sometimes stores stock certain items for buyers who don't only buy one thing but will buy multiple things.

I'm sure there's a lot to their pricing that we simply do not know.
If you also go back in the thread I also tracked the times spot dropped like a rock, and ASE prices dropped too much (at times I bought) before they popped back up. Their pricing now seems to lag from those days so no more buying from some trending calculation gone wrong.

Also buybacks do not have to be above spot price. If you were selling spot silver/gold to a dealer and spot price was stable non-moving. Why would they buy a generic round at spot when they may not be able to sell above spot ?

If a certain coin/round has demand it may get a premium. If demand lags, it may not have any premium at all; and in this case negative.

I recall inversion of 2017s and Randoms last year too. It happens more frequently than you probably notice.

The other week 2019 PreSales were cheaper than 2018 & Randoms too.

below current prices. I always SORT from Lowest to Highest.

 

I forgot to add, be wary of the "as low as", check the price of the quantity you are looking to purchase


In this case the 2019s are cheaper for low quantities.
So if I bought my normal $100ish or 1 tube, I'd buy the 2019s on presale and save 3 cents per ASE.

Otherwise the 2018s are 3 cents more each, or 60 cents/tube more and I can get them in a week(ish).