I agree, which is exactly the opposite of what it should be. Small investor sentiment is weird, its always chasing what is "hot". Long term fortunes are usually made by investors quietly buying up assets when they are undervalued.
I've been stacking more than ever. Maybe so much so, that I haven't had time to take pics. Here's a couple with more to come in the next few weeks. I've added about 200 ounces in the past 30 days 7 Privateers 1 Canada Bald Eagle 60 - 2015 ASE 1997 Carded Kangaroo 1 Older AMARK bar 2003 Britannia 2013 Libertad 9 Harrah's .999 Silver tokens
I didn't. I don't really like the look of it (haven't seen one in person). I'm holding off until Privateer Version2
I still think big sellers of bullion are pricing silver too high for its current spot price. The melt value of 40 silver washington's are 106.99 according to coinflation. MCM are selling 40 of them for 144.00, apmex is selling a roll for 157.00. 37-50 dollars over spot is outrageous with silver at its current prices. Too much money. Especially for quarters.
That's because of demand. It's fairly common that when a low is hit, demand increases to the point that supply is squeezed. To slow the demand the premiums are raised. If spot stays in this range for a while the demand will ease and the premiums will decline. I'm not saying that will happen for sure, but that has been the case historically.
well after my short time here I have bought~ 100 oz of silver and 1.5 oz of gold and 10g of platinum. We will wait an see at least it was not spent on women and booze. not sure how to post pictures.
If you do blow some of it on women and booze, I would like to see those pics as well. To post a pic, just hit the "upload file" button next to the "post reply" button. It'll attach it to your post. Then next to the attachment, you can opt to paste it into your post. Make sure your cursor is where you want it before you do that.
I got excited about platinum as it was plunging. This is what I picked up since July 5th. I've got one more ounce coming in the mail. The eagle is a half. Like I mentioned in the platinum thread, that about blows my bullion budget for the rest of the year. But it was good to nab a good amount while the price was getting down there. There's a bottom out there somewhere. If not, the bullion dealers are going to pay us to take the stuff sooner or later. Kinda like negative interest rates.
Of course we cannot say for sure, but it's happened 100% of the time the last 40 years, so pretty sure. Not until new cheap supply comes onto the market will prices be force to reasonable levels.
Here's the beginnings of my bullion collection. More coming in the mail. $10 in 90% silver quarters and another ATB on its way. The hunt for the cheapest silver prices is addicting and fun!
Not cheap generic, but I wanted it Belarus 2012 and 2014 20 Roubles. Also picked up 20 Geiger 1/2 oz silver rounds from overseas Shipping time on all this is killing me, haha.
Newest that came today Geiger 1/2 Rounds x 20 in OMP. Picking up 30 more because I love them so much! Here's a pic of my 1 oz rounds, had them a while
By far the coolest silver I own. These Privateer rounds are a beast! Also got a 1 oz. silver round made from recovered silver from the sunken ship Gairsoppa. It was sunk on 2/17/41 by a German Uboat. Recovered silver turned into these commemorative rounds.