Silver getting crushed today

Agreed, from the research I have done I am thinking about a 15.50ish bottom. But who knows. I read an article once where they asked 18 independent economists where they thought silver is going and 9 said it was going up and 9 said it was going down. Silver can be volatile its good to have dip set points to buy at. My last one was 15.90. It doesn't matter if it goes lower because I will just buy again at my next dip set/buy point which is 15.25

 

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how long til 10 oz bars catch up to spot?

 

I still believe silver/gold move on uncertainty and fear. If Trump delivers, it will go down. The good news is,...our other investments will zoom.
D

 

Good news for those looking for a continued downwards trend ..
==> https://www.bloomberg.com/news/arti...ppers-could-end-up-winners-as-funds-dump-gold

 

low metals prices are always a good thing.

 

I thought Silver was on a roll trending up until I just checked. LOL



but for 2017 Silver and Gold (if you bought it in january) was up 27.9% and 9.4% YTD. A good investment .. as long as you didn't buy it between March and December.

But, if you invested in Sugar 27.9% you would of had a sweet investment, although Cocoa is down -33.1% .. isn't that stuff more sour when raw anyways ??

 

9.4 percent is a wash by the time you take into consideration you buy at or above spot

 

forgot to add last night .. Silver ending 2016 sliding down to $15.880 while it started the year at $14.00.

..

.. time to start a new thread for 2017 !!

 

Crazy. When it was above $20 for a time I thought it was going to get really hot. I'm still going to work on my silver stash this year. Want a tube of 2017 ase's

 

I checked and I bought a bunch of ASEs all below $21.50 going down to $19.07 for ones going back to 1986 BU.

I've got the "For the right price I'd buy any ASE's" disease. Just wishing the price would break below the ASE floor and follow spot more closely.

Should be an interesting 2017 for PMs.

 

I agree. I'all be Coin Roll Hunting silver and buying at my Coin Club when I see good deals. I can get melt value for 90% at each of my coin clubs.

 

not till $12

 

Hey be careful talking about the circus, I worked with a circus for 3 years when I was a kid. I would not trade that experience for anything in the world.

 

A few thoughts about silver...

You guys buying eagles must have one little persistent "numismatic" gene in your genome. As I write this, 100 random eagles cost $1,917 delivered, or $19.17 per Troy ounce, at Apmex.

$100 face of random 90% costs $1,306 delivered (71.5 Troy ounces), or $18.27 per ounce. That's a premium of 4.9%, Eagles over 90%. I would not necessarily buy at Apmex, but the proportion should hold around 5% (currently) throughout the trade.

The least desirable "stack" is probably a circulated Morgan dollar. At a retail of $22.49 delivered, that works out to $29.04 per Troy ounce, or a premium of about 59% over the price of average 90%.

Plus a silver dime is more useful (and liquid) in commerce than a silver eagle. If and when silver might reach $50 again, the premium(s) you paid will be lost. Yes, eagles are prettier. But you might find a good coin when you buy bulk silver. All a matter of taste, I guess.

90%.............. $18.27 per Troy ounce of silver
Eagle............. $19.17 per Troy ounce
Morgan.......... $29.04 per Troy ounce

My silver is 73% late Roosevelt dimes, and probably half of those are 1964's (Roosevelts generally weigh more than Mercuries = more silver per $1).

 

good post, doug.

I had been pointing out similar ideas. People are not buying pretty silver for bullion purposes.

And I love morgans but they make NO SENSE as a silver buy, unless cull maybe

 

Edit

 

I like your breakout of the numbers. And yes 90% is great. I like my silver in Generic Rounds and 10 oz bars when I am throwing down some money. ASE's are beautiful coins that I just love. I like my 90% too because I can touch it and not worry about ruining any value. Love looking at those silver rims! All in all I get utility by simply having some physical silver. The lines can blur between my coin collection and Bullion investing.

 

You are correct in that 90% gives you better bang for the buck, but if you check the sites where 90% is sold you will find that Mercury dimes are worth more than Roosevelt dimes, and Barber dimes are worth more than Mercs. I know this doesn't mean much if your sole purpose is buying the most silver weight wise, but that is the way things are.

 

On the other hand, when silver goes higher, that difference dwindles.

I posted in another thread (I think) about buying Barber halves instead of worn Walkers and Franklins when silver was up in the $30-40 range, because they were all about the same price. I've taken a bath on the ones I kept, but not as much as if I'd bought the more common/less desirable stuff.

If you're expecting silver to go up, it doesn't necessarily make sense to buy stuff that carries a numismatic premium, because you'll get more bang for your buck by buying whatever's cheapest per ounce of silver. And if you aren't expecting silver to go up... well, why are you buying it now?

 

Are you asking me why I am not buying now? If so, I am not buying now because my excess funds are going into other investments. But I agree with you in that it doesn't necessarily make sense to buy stuff that carries a numismatic premium, but I personally like the older coinage, and buying what one likes oftentimes makes sense.