Is It Time For Silver?

Thats what I paid for them Jeff, 135 or so per roll

 

Log in or Sign up to hide this ad.

It's time for silver all right. Time for a beating.

 

It's not time for silver at all and it's plain to see by the POS. Silver has not gone up one bit in the last 6 months, the only thing that's gone up are the premiums paid. Collectors buying into that thought and paying $35-$40 for American Silver Eagle Coins are barking up the wrong tree, jmho.

 

Its definitely time to buy gold though at 1730 I might buy another half eagle.

 

No one talking about the GSR

 

Shhh.....quiet !! You'll wake up the guy with the GSR thread.

 

Anyone have an awesome spreadsheet to track their gold/silver stack? I would like something that factors in premiums to the equation if possible? Happy to pay for it. I have been on web looking. Some of the sites say list everything I own on some sketchie website. What could possibly go wrong? I have been workng on my Tech friend to come up with something but he is so busy, I will be busy this summer when he wants something like go fishing and boating, and camping and so on..

 

This GS eBay auction (ending tonight) should show us what the true Silver premium ought to be...

https://www.ebay.com/itm/294030225970

 

It's back to near it's historical norm. What's there to say? Silver has increased $11/Oz since the thread began.

 

True and it's all in premiums!

 

The twenty (20) 1 ounce pure silver rounds sold for $645...or $32.35 each. That's a 20% premium over the current spot price of $26.75...with free S&H. If that's what the market will bear, Sellers would be foolish to ask for less.

 

Yes, many people are gonna lose their shorts playing follow the leader! Silver has not gone up significantly in over 6 months, yet people keep buying and paying through the nose with those crazy premiums. good luck stackers!

 

Folks have been posting a lot about Silver premiums and I was wondering..."How much is too much?". I thought this might be a good way to answer that question.

Personally, I don't stack anything but MS63+ numismatic silver. My Max premium has always been 25% over spot. I only stack when the premium drops below the Max. That percentage will likely change as 1964 fades in the rearview mirror.

Dime roll: 3.618 Oz of pure silver
Quarter/Half roll:7.236 Oz of pure silver

Silver spot is floating around $26.75/Oz. That puts my current Max at...

Dime roll: $97
Quarter/Half roll: $194

I stack significantly more as spot prices decline and premiums collapse. As long as the Dollar supply continues to expand, long term Silver remains positive...in Dollar terms.

Note: PMs behaves differently based on the fiat currency they're compared against. Changes in the Supply/Demand of fiat currencies dwarfs (can I still say that?) changes in the Supply/Demand of PMs.

 

I'm thinking you're doing well with your 25% mark and as long as you stick to that price you should be fine. What many stackers don't seem to realize is if they're paying $40 for an ASE then for them to make any money when they sell, silver is gonna have to hit at least $50 an ounce, so far that's only happened a couple of times. Bottom line for me is, that dog don't hunt!

 

Wow; my dad always said I could make a nickel scream, and I guess maybe it's true; My max premium has always been "0". If it goes in my pocket, I got it at spot. Someday, I'll actually have to sift through it all and see if there's any numismatic value to any of it.

 

Okay, that's up to you. My guess is you have to be a lover of PM's to get it. Most people pay a premium because they plan on selling for a higher price than they paid and that's their profit. Some think it's too much of a gamble, obviously that's where you fit in. Gold and Silver aren't for everyone at all!

 

I like the anonymity of gold and silver...as our Founding Fathers intended.

 

Well, I manage a couple hundred bucks a month worth that way, could easily find more if I spent more time at it, but I'm at a good balance. And purely because it's such a rarity that I do so, I realize I spoke in error. I did get the super low minted ASE, and also the V75 ASE when they dropped. But odds that I'd only ever get spot for those is pretty slim.

 

Most dealers are probably going to pay 15% or so under spot for common junk silver when they buy. I understand perfectly that the dealer has to make money, but IMHO paying anything over about 15% over spot when I buy is unjustified. If a dealer buys, say, $100 spot value of 90% junk silver, he's buying it at $85. If he sells at $115, he's making $30 on $100 spot value. That's approximately a 35% markup.

 

To quote Coin Dealer Elisha Morningstar..."I'm not in business for my health".