Next level: Silver 10.00 $

Lower silver prices means more silver for the dollar, it probably also means that the economy will not recover as much as we all have been hoping it will. Copper is also down, gold down, palladium down, platinum down, how low can it go?

 

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thanks. that explains a lot why there are still 1000+ left of them while all the other coins are gone. one thing I am not clear is what does "lower grade" mean for these coins. I thought they are all .999 pure silver. Is there something else?

 

Yeah you`re right, nobody knows, same thing here in europe.

I side with you Silversurfer. I too want to see silver drop like a rock.
My guess is that it is going to test the $ 11,50-12,50 area.

 

WebNomad,

ALL ASE's are .999 which is also expressed as a composition of: 99.93% silver, 0.07% copper

By "lower grade" I simply meant that these coins remaining in their original mint packaging may not 'grade' very high if submitted to a TPG with the intent of getting something like MS-68, 69 or 70 as they have likely been reviewed and considered for submission by the dealer for "grading" and put in a slab. Therefore, at this point in time since they were minted and are still available for sale, it is probably safe to assume by a collector, that these coins would not be the finest examples available for purchase even though some collectors may personally assess coins on the Sheldon grading scale yet prefer their coins in original packages, not sealed in TPG slabs. And conversely, the investor in ASEs doesn't give a hoot about the above nor is willing to pay the mark up for a collectors version of the coin, as indicated by the W and premium.

Hope that helps a bit more. :thumb:

 

In simple language, spit on it, drop it on the ground and ding it, smash it with a hammer. It now has a lower grade, but it is still .999 silver.

 

Some silver-people invest in junk silver, it already comes in lower grades.

 

In bullion forums, they are called 'slicks'. But as GD pointed out, they aren't significantly less weight, just the silver has been 'squished'

 

US Markets opening soon...

Currently in EU/UK

GOLD @ $1,078/oz.
SILVER @ $15.36/oz
Platinum @ $1503/oz
Palladium @ $419/oz

 

Yap, saw it. not really my kind of day, but some wise guy did state some days ago when the mayhem started, that the market would go stable around $ 15,00-15,50.

Phills Euro 13,95
Marps Euro 14,05
ASE Euro 14,45
Libs Euro 15,10
Kooks Euro 16,05
Brits Euro 18,65 At N.Y close.

 

I don't know if there are any widely accepted definitions of hyperinflation. I've never heard the 40% figure. I would have guessed that something like 15% would be a good working number. I have heard the business press use 10% as the definition of a market correction, 20% as the definition of a bear market. 5% is just gold being gold.

 

US Markets opening soon... Big snow day in NYC, could be a slow day...

Currently in EU/UK

GOLD @ $1,077.40/oz.
SILVER @ $15.56/oz
Platinum @ $1523/oz
Palladium @ $423/oz

 

Not gonna happen...

But if it does, I'll be there to back the truck up...

Although, if it does, either you won't be able to get your hands on anything or it will be 5-10.00 OZ premium over spot....

Again, Not gonna happen...

 

I wonder why we are keeping so many different threads just on the projected silver price: 10, 17, 20, .... Maybe I can create another new thread "Next level: 9.9"

 

Yep... It's the nature of the gold/silver bugs to plug the price whatever suits their fantasies.

 

dooooooo iiiiiiiiiiiiiiiiiiiiiiiiit!!!!!!!!!

 

The Administration is making noises like they may raise Fed funds rates sooner rather than later...should be bearish for PMs.

 

Raise the Fed rate....exactly what does that mean? Will I be able to finally get a CD for over 4.5% Or does this only apply to the Fed, and you still get .25% with your invested money?