What the Heck Are We Up Against With PM's?

Good points....I also think once gold went over $2,000 last year many thought it would be a floor.

Normally, they'd be right -- but BitCoin just sucked billions of dollars meant for gold and other PMs right out of those markets since last Summer.

 

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Most places, like JM bullion are at around $11 OZ for an ASE and Bars a little
less for rounds but you won't get full value out of those as there's not much demand
there, so your choices are limited when the premium is % 50 of the value it makes
for a more difficult investing decision.

 

A 50% premium is ridiculous.....if the normal premium is 3-5%, I'd pay maybe 10%.

My general rule of them on investments is never pay more than $1.10 for $1 of assets.

 

It for sure is, but there getting it ! I dont call this investing anymore as there's
little chance that you will recover that premium especially when Silver is so over
priced right now, but that can be said for just about any PM, I dont see prices
or premiums coming down anytime soon, I had to order a candy bar today because
they were out of stock...LOL, but the shortages are far and wide on just about
everything.

 

huh?

 

In other words, even a candy bar is on back order, this goes from anything
from a computer chip to a potato chip..LOL

 

who buys slabbed ASE's? assinine

 

A lot of people do for some reason ebay has around 40-50k ngc and pcgs,there selling by the hundreds per day.

 

Right on brother ! your already paying high premiums as is, now you want throw
more money away. just STUPID...LOL

 

I have, but not Lately bought American Eagle 2019 Silver Reverse Proof. I sent it in to be grade. I am sure I have purchased some as well.. Its all profit when sold. If I don't sell it.

 

Relax and know that things go up and down, but the long-term trend has been up. I bought my first gold coin, a BU 1900-S $20, for $50 in May of 1966. That was a lot of money to a high school student at the time.

 

Always remember the reason most of us are in PM’s! The dollar is going to be junk, just as Germany at the end of the war. They printed until it was worthless! We can’t pay the interest on our National debt, much less the principal!
There is just so much of Precious metals! Can’t be manufactured! When it goes down, “Don’t cry, Buy!”
The big problem, the prices are fixed! You’re totally in their control!
So you play their game! I’ve been reading for years why it goes up or down! A bunch of hog wash!
Today, I believe silver is a good buy! Facts? No, just a hunch!
GOOD LUCK!

 

Yep, it's been heading straight into the toilet for... what, 50 years now? And still no sign of a plunger big enough to finish the job.

 

Most slabbed bullion coins bring big premiums and for what ? most come out of the
mint B/U so why pay the extra amount ?

 

Dont know ask someone with the deeper pockets that has.

 

You don't understand that market.

 

Last time I checked, I had a hole in my pocket..LOL

 

I am not blind, a bullion coin has no value over its metal ( Bullion Content )
why would I pay more for a 69 or even a 70 ASE or AGE, again B/U out
of the mint, I guess I could carry a loupe around with me...LOL

 

New years Resolutions 2021. Stop buying coins. I'm 84 years old.

 

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