Discussion in 'Bullion Investing' started by Mike Davis, Aug 2, 2020.
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So, a pcgs commerative dollar ms69 should be a reasonable buy at $20 then? If I don't worry about the $3 sh. Oh and thanks btw.
I would buy a bunch of them at that price if not for the $3 shipping.
That sounds like a fair price, just keep in mind that silver is up right now so the melt value may change. I'd also recommend checking out completed listings on Ebay to get a feel for how much the particular coin you're looking at typically sells for.
Sorry to hear that Randy. Hopefully you were smart and purchased a lot at the lower prices to lower your overall cost per ounce. If you bought 1 oz at $30.00 and 1 oz at $14 you paid $44.00 for 2 ounces and that's $22.00 per ounce.
Oh yeah. Three quarters of my gold holdings were purchased in the 1990’s. And yes, I have purchased a whole lot more $15.00 silver than $25.00 silver so I am very much to the good. But yes, I did learn my lesson about getting excited when prices are high!!
That's good to hear. Best to average it down whenever possible.
A few years after the 2006 Benjamin Franklin Coin and Chronicles Set came out, I bought a twenty (20) set lot on eBay at $26/set. Whatever the reason, folks don't seem to care for this design. Fine by me...it's one of my favorites!
About a year later (2012?), my LCS had about a dozen of these sets sitting in a pile. I offered the owner $26/each for them, but he turned me down. Anyway, I hope that gives you a little additional insight. Silver prices in the 2010-2012 time frame were higher than today...so there's that, too.
That's for sure. But it's also true of gold, platinum, palladium, rhodium...
Good for anyone looking to get into PM today to remember. Those who got into PM in 2011 were in for a hurtin' unless they continued to buy as it dropped.
Said it fifty times, but the time to get into PM is when its boring. When no one wants it, premiums are down, and BRING CASH. Cash is king in this field, you will not get the best prices with checks or CC. If online, check or wire preferred, but best prices I have ever received is in person, benjamins in hand. In 2018 I bought maybe 15 ounces of gold at those markets, (SDB and safe too full for any more silver really), and all were coins at melt. Included were MS63 Saints, AU/BU indians, MS62 no motto $10, etc.
Everyone excited about pm today remember it when no one is looking, no one is excited. If you buy then its safer. Start today, that is fine, but CONTINUE.
Just to update my inquiry and thank you all for your comments. I did go-ahead with the purchase of the 1993 jefferson commerative dollar. At $23 including S/H, I am satisfied. PCGS PR69. (Still have a way to go on this photo stuff)
I did not start buying until 2015. So luck on my side. I only bought because of what I see from a finance point of view in world economys, and especially ours. I do not think you will see a run to 70 and a collapse back down to 20. If you study enough you find that the FED, CB's are trapped. Low interest rates are here too stay. They have too much DEBT to raise them. Thus, they are stuck printing dollar and other currencies until the end game. A digital currency or Jubilee. The only 2 ways out of this mess.
Obviously they wont admit it and spend billions to keep the ponzi going. Lot of PR and stating :anyone telling the truth is the tin hat wearer. The FED and Govt have thousands of highly educated Financial guru's on the payroll. Do you think they need that many ? Of course not, it is better to give them 250k/year to shut them up. Once you speak out like a (CNBC) Peter Schiff, or even FOX NEWS Dave Stockman and tell the truth you get blackballed. Add in the Trillions made by the Central Banks, the private banks, the 401k Cabal making money off of you everyday selling you Poison and Gold and Silver are consider a killer for this businesses. Truth is, Americans having been gullible going back a long way.
Gold and Silver will go up for quite some time and they will be doing everything in their ability to stop it. Sad, as if millions of poor people isnt bad enough, these greedy men need even more. Stay the course....
If everyone is printing money, then relatively the dollar is OK.
Top Fed salaries usually peak out at about $175,000.
Schiff's track record has been lousy and Stockman's firm went bankrupt. They should be giving us financial advice ? For what -- how to lose money ?
No trillions being made, the Fed is the most lucrative and they make about $35 billion a year in a good year.
Gold and silver MAY go up -- they probably will -- but it has nothing to do with greedy men, Central Banks, or poor people.
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