GOLD taking it on the chin today

Discussion in 'Bullion Investing' started by mpcusa, May 2, 2022.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

    If I had that much to invest in a ounce of any pm I’d be looking at a high grade coin instead.
     
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  3. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It is a MS 70 so all good :)
     
  4. fretboard

    fretboard Defender of Old Coinage!

    Rhodium=the most expensive metal in the world, I'd love to own some but it's completely out of my budget!
     
  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    1/10 OZ bar &3,300 here again it’s a want not a need, thought it would be
    cool to own some :)
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Not even close. ;)
     
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  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I am sure that is not legal to own...LOL, thinking about the stuff that you can own
    and doesn't kill people..LOL, @ $18,700 an once current price and yes you can find this on ebay, your example probably not :)
     
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  8. -jeffB

    -jeffB Greshams LEO Supporter

    You can buy polonium (as a component of anti-static devices) or radium (as a component of old glow-in-the-dark watch parts). You can't buy them by the troy ounce, but they are legal to trade and own.
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It’s something to consider if I want to put out a hit on someone..LOL
     
  10. AdamL

    AdamL Well-Known Member

    I have a few ounces, but I wouldn't mind if the price comes down some more.
    I see it's below $1850 as I type this.
    I'd like to buy more. I happen to be planning to attend my first coin show in over a decade, in July. Timing would work out well if it trends downward a little longer :D
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    I'm planning to attend the big local/regional show in June, and I'd like to be able to sell a fair amount of silver and possibly gold. Not at $21/oz, though -- and I suspect it'll go lower between now and then. I'm starting to wonder if we'll retest the pandemic lows, in which case I'd probably be a buyer again.
     
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    just throw a grenade down the hole and be done with it...LOL
     
  13. fretboard

    fretboard Defender of Old Coinage!

    Got that right! I don't think anyone would want to sell with the POS down as low as it is today! We are heading into unchartered waters, tsunami waves approaching to take some poor souls all the way under, excuse the drama! :D At one time, I was planning on buying a tube of ASE's for $625, glad I decided not to! :cigar:
     
  14. baseball21

    baseball21 Well-Known Member

    Not really to be honest. Silver has been down more years than not in the last decade including double digit percentage loses in 4 of them and one year barely below 10 percent. The price spike came recently and pretty much all purchases since 2019 are underwater without big premiums on the sale
     
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  15. element159

    element159 Member

    Yes, I 'stack' polonium this way for my chemical element collection. My retail price is right about $1 billion per gram. The usual amount, in an anti-static brush element, is 50 billionths of a gram, so about $50 retail. This lasts for about 2 years, as this 'stack' loses 90% of itself every year.
     
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  16. crazyd

    crazyd Well-Known Member

    It feels to me that the spot price of silver has been wildly disconnected from physical silver prices for some time now - I think driven by stackers and other silver bugs. The price on Provident metals for an ASE is 36 dollars ! So they must be able to continue to sell them at this huge markup?
     
    Last edited: May 11, 2022
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  17. slackaction1

    slackaction1 Supporter! Supporter

    Yes, they do Crazyd.. I think the only way for the premiums to drop will be IF Silver drops below 18 an ounce. then maybe, but with Silver dropping some of the masses still buying it with the premiums... Look at the prices of halves, silver dollars, it's still a SELLERS market. I was watching some Silver sell there wanting 15.00 for a half then someone will post them for 10.00 there gone instantly... Look at GAS prices around here nothing has slowed down as of yet. blind note filled my lawn mower 35.00 that caught my attention.
     
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  18. fretboard

    fretboard Defender of Old Coinage!

    Yes, this is the first time ever dealers can continue with the high premiums and buyers will keep buying like there's no tomorrow! Never before has there been such huge premiums on Silver, not in my lifetime anyway! :inpain:
     
    Last edited: May 11, 2022
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  19. -jeffB

    -jeffB Greshams LEO Supporter

    Seems to me that we were seeing similar action during the 2011 spike and subsequent crash. (Any big plans for your 10th birthday? ;))
     
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  20. fretboard

    fretboard Defender of Old Coinage!

    If the premiums were as high in 2011, I'm certain it wasn't for as long as it's been the last couple of years.
     
  21. baseball21

    baseball21 Well-Known Member

    The premiums were very high for a long time. Dealers are very slow to adjust prices on the way down especially on a big slope down. They were actually much higher premiums for those years as a lot of the premiums today have to do with the cost of acquisition aka gas/labor/shipping etc
     
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