Is It Time For Silver?

Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.

  1. Tuco

    Tuco Active Member

    Historic week for gold, big week for silver up $3.86! [​IMG]

    silver_week_8_3_8_7_20.jpg
     
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  3. manny9655

    manny9655 Well-Known Member

    Sold a few well circulated Franklins and Walkers for 19X face today which was ok by me! I actually walked out of the show with more money in my pocket than when I walked in, and yes, I did buy some items....
     
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  4. yakpoo

    yakpoo Member

    21X is just about the current silver spot bid price ($28.32/oz) of an "uncirculated" half. Given that well worn examples can be as much as 25% light...19X seems like a pretty nice price...Well Done!
     
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  5. -jeffB

    -jeffB Greshams LEO Supporter

    The lightest coin I've weighed yet was a slick Barber dime that had lost about 20%. Weight gets lost from the surface, so larger coins lose weight (by percentage) more slowly -- the larger the coin, the smaller its surface area relative to its volume (and weight).

    I'm not sure I've ever weighed a silver half that had lost more than 15% of its weight, and that would have been (again) a slick Barber. I've seen some pretty flat Walkers, but not as flat as the Barbers, and I don't think I've ever seen a Franklin that would have lost as much as 5%.

    But, mostly, I guess it's time to dig out the scale and get some examples. I'll see what I can do. :)
     
  6. yakpoo

    yakpoo Member

    I read that someplace long ago. As I recall, it was an article about bullion vendors who sell junk silver by "face value" vs. "weight". I've always considered the 25% figure to be the extreme.
     
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  7. yakpoo

    yakpoo Member

    When his thread began, silver was $15/oz...and we're @$29/oz today. That's a 93% increase in less than 14 months! :cool:
     
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  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    In a low-rate environment, the opportunity cost (at least via fixed income vehicles) of holding PM's is close to zero.
     
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  9. yakpoo

    yakpoo Member

    July PPI rises 0.6%!
     
  10. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Pop goes the bubble.
     
    goldcollector likes this.
  11. Gilbert

    Gilbert Part time collector Supporter

    A correction is not a popped bubble. Even if it drops significantly there are many many people that have lost faith in central banks and will continue to buy physical.
     
    Mr. Flute likes this.
  12. chascat

    chascat Well-Known Member

    A great time to sell and a bad time to buy...8/11/2020
     
    Mike Davis likes this.
  13. Gilbert

    Gilbert Part time collector Supporter

    A great time to sell is when you need the fiat to pay down debt or buy investments that you think might return more than silver. Other than that selling makes absolutely no sense, IMHO.
     
  14. yakpoo

    yakpoo Member

    I expect a shift into equities as the Christmas season approaches. That could cause a temporary dip in PMs, but the money supply is still expanding. Therefore, I expect PMs to continue a longer term (gentler) uptrend in 2021...(just an opinion).
     
  15. goldcollector

    goldcollector Member


    A 1 day drop losing half of total recent gains is not a correction but the market realizing the gain was nonsense.
     
  16. goldcollector

    goldcollector Member

    LAPS your life sounds so exciting
     
  17. Phil's Coins

    Phil's Coins Active Member

    Gold 1917.60 dropped from Friday. Silver 25.58 dropped from Friday. FYI Source KITKO @17:23 today.
    Semper Fi
     
  18. yakpoo

    yakpoo Member

    Here's an interesting chart that shows the relationship between Dollar-denominated Gold and the US 10Y Treasury.

    This is why I say that Gold (and other PMs) are largely a reflection of underlying strength or weakness in the denominated currency. If the purchase was done in Yen, or Euros, or Yuan...the price movement in gold would simply reflect the strength,weakness of whatever currency was used to buy the shiny metal.

    Sure, there are supply/demand fundamentals in play with Gold, but it pales in comparison with the supply/demand fundamentals in the denominated currency.

    [​IMG]
     
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  19. yakpoo

    yakpoo Member

    Bumpity-Bump-Bump-Bump...

    Back in July, it looks like I nailed the end-of-year GSR, but I overshot just a tad on the actual prices. :oops:

    I was wondering what everyone thinks might happen to Gold and Silver in the coming year...given the recent spike in Crypto prices. Will money begin flowing out of PMs and into Crypto?
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    I don't think too many individuals/institutions would move $$$ out of PMs into BitCoin. Central Banks and some hedge funds, maybe.

    I think a rising BitCoin price drags UP gold. Gold will lag bigtime, but if BitCoin goes to $100,000 I think gold is closer to $3,000.
     
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  21. potty dollar 1878

    potty dollar 1878 Well-Known Member

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