Silver Is On A Tear Today

That must be quite a memory!

If Larry was playing in the NFL these days, the league would probably make him strap down that right arm that could lift a defensive back off his feet with apparently zero effort!

He actually looks like he doesn't care if he finds the gap, just run right through them, you can almost see the fear in their eyes when they're in his path!

 

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I've been playing with The house's money since 2011. I'll sell when I need the money regardless of what silvers value is.

 

my original silver stash is from the mid 90's and early 2000s when it was $4/oz but like $7 for each eagle, a couple tubes.

But it's hard to sell much. I did sell a bunch back to Provident but I can't recall when that was in the past 10 years. Of course, I probably bought it all back and them some since. lol

It's just so pretty to look at who could sell any ??

 

I'm still in the 'household of five with 3 teen sons' period of my life, so the mid 4 figures I'll get can be helpful for the overall budget bottom line.

 

Has anyone seen the overall coin market go up for collectible coins due to the flush of money into the hobby do to metal prices? That happens pretty often when metals spike. Examples would be large cents or similar going up simply because collectors or dealers have more cash and want to reinvest it into collectible coins.

Personally not sure what I will do with this spike. My gold was bought around $1000 and silver on average maybe $10, so large gain but I do not need the money at all. Its always just been a contra asset for me so maybe just leave it.

 

Congrats Longnine, NOT here to bust your chops.

This rally is totally different from the last one. Last time it was just a knee jerk reaction to some crumbling economics. The demand was simply not real. This is a whole other ball of wax with actual very strong demand from PV's and EV's. I am just not seeing that demand subsiding soon. Good luck

 

I bought 2 tubes of ASE year 2000, 40 coins total around 2001 from one of those TV coin informercials. They are still in the US mint plastic tubes and have rarely been looked at. Some are starting to tone. Pretty coins, BU, probably 68-69 grades, maybe even higher.

 

Welcome back. It's been a long time.

 

Sell, where / what is the best way to sell silver 1oz 10oz coins bars ?
Ebay , local we buy sell place ?

 

BOA says that on fundamentals silver should be trading closer to $60...but that speculative and retail flows could drive it to $170 by end-2027.

 

Larry Csonka was the original "shock and awe."

 

Silver should be $500-700, it was always 8-1 to gold price.

 

Maybe in a certain rare period sir, but I would disagree. For centuries from ancient times until relatively recently it ranged from 12-16 to one, close approximations in relative rarity on earth. I hadn't heard of an 8 to 1 ratio, but certain it probably happened somewhere.

The reason why the ratio is out of the window today is certain cultures value gold and only gold, not gold and silver, so now the ratio is meaningless if its no longer about relative rarity.

 

I'd have to agree with this setiment. In modern times I think it's an interesting comparison that can be used to evaluate the current markets but they don't have any real correlation to each other as they may have in the past. Both metals are getting pulled along for their own reasons now. Both are being pushed along by the loss of dollar value though, on top of it all.

 

And it closed over $103 today.

 

@GoldFinger1969 Please don’t take offense but if BOA feels silver should be trading at close to $60 announce then it surprises me that they are still in business. They are totally missing the reasons it just broke the $100 barrier.