$5,000 GOLD and $100 SILVER is right around the corner !

My boss just gave me more work..LOL, thank god I was able to buy a couple houses along the way in addition to the one I live in now so having some rental properties really help the bottom line

 

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I am high RISK.. I will take the gold and silver...SEVENTIES blurrrrrrrrrrrrrrrr

 

And that's how to 'succeed' in this silver market. Sell, take profit and push into 'productive' assets. Even a much better primary auto can be a great 'benefit' since pretty much all adults must have an auto for basic daily transport and errands in the US.

 

Yep, it's easy to feel like you're a genius when you're sitting on an asset that's gone way up from what you paid. But what's it doing for you today, and what will it do for you tomorrow?

I've got a nice chunk of Apple stock. I'm happy that I held onto it, even through several periods when it wasn't clear that that was a good idea. I wish I'd held onto more of it, instead of selling some 20-25 years (and numerous splits) ago. With perfect knowledge of the future, I could have done better - but perfect knowledge of the future tends to ruin everything.

 

One of my pastimes is looking at eBay auctions of coins of all grades with auctions ending soon coming up first on the list. It's been a culture shock seeing junk Morgans in awful condition selling for nearly $50 (not including shipping). Premiums for coins in great condition but common years have nearly evaporated since silver went nuts.

 

It's on coin forums where they sell and purchase coins also Barney, junk morgans for spot plus the ride.

 

Back in 2011, I was still active on eBay, and I was raptly watching PM prices. Someone started listing 1976 Canadian 92.5% silver Olympic commems with a BIN well below melt. I snatched them all up - 12 $5 coins (0.7227oz ASW), 6 $10 coins (1.4453oz ASW), at $21 each for the $5s (effective silver price $29.06) and $35 each for the $10s (effective silver price $24.21). Silver had set a new record above $48 the week before, and dropped to $34.20 the Friday before the weekend that I bought these.

There were two important things I didn't realize at the time:

1) When you're dealing with non-US coins in the US, and when you're dealing with sterling (.925) in the US, you can expect them to trade well below melt.

2) Silver was going to go down a lot further, and stay down for a long time. In the chart below, the crosshairs show about where and when I bought these.



If I tried to sell them now, I could certainly double my money, but I'd have trouble tripling it - even though silver now is close to triple the effective price I paid.

And honestly, a 100% or even 200% return over 14 years is nothing to brag about. For the same 400-odd dollars, 5 shares of Apple stock wouldn't have been as pretty to look at, but it also wouldn't have been taking up closet space -- and today after splits it would be 140 shares, worth $38,000+.

Not counting dividends -- those would have added up to... heh, somewhere between $1500 and $2000, right about the current value of the silver in this lot.

Hmm. Wonder if anybody would be interested in taking some Canadian silver in payment for some stocks? Should buy me about... 5 shares of Apple.

 

...and in the time I was researching and typing that, silver went up another dollar to $78.

 

The today is easy, piece of mind that you have put something back for future generations to enjoy and for me to look at, but who really knows what that
will like but its sure burning up the street now

 

Yep, I'm with you! Look at silver $79 right now, that's amazing, I don't have much but still, the price point is insane and it's waking up many naysayers!

 

Would that proactive asset included a high end metal detector I'm thinking so

 

Rising and Falling Premiums for Gold & Silver: Good link, good information.

https://www.cashforcoins.net/sell-c...r-prices-rise-coin-premiums-shrink-heres-why/

 

I think we our definitely in uncharted waters here, I think most will agree with that assessment, though we have dropped a few dollars on both GOLD and SILVER, there still looking good

 

The margin ‘adjustment’ by COMEX , actually twice now, are just speed bumps. Stings a few speculators with margin positions, causes a little panic, but doesn’t change the trajectory. Demand > supply
And you still can’t print precious metals

 

What would worry me if I wasn't able to hold on a downturn -- margin, leverage, etc. -- is that you historically see these moves at the tail end of a major silver blowoff.

From BTIG earlier in the week:

 

It really really irks me some states charge sales taxes on US coinage, American legal tender of all things. And yes, that comes down to consequences of "you know what".

Tell me I was vague while perfectly being clear.

 

$79.21 right now .... should be interesting if it can breach $80 and stay above that mark.

 

Here we go. Broke the next barrier.....

 

One step at a time...
Kicking off the dust

Let's step on the 80's first.