Discussion in 'Bullion Investing' started by masterswimmer, Mar 8, 2019.
Log in or Sign up to hide this ad.
Added value, this is simply a buzz word that is used by companies to
Make you believe you got something special another word they us
"IS FIRST DAY OF ISSUE" dont let them fool you these term are
Silver is a joke. Over produced, over hyped to sell to the masses Hoping to get rich quick. Hoping to put in pennies and hit it big. Much like tonights powerball drawing, the players always lose. Its Not even a precious metal. $14 ain't too precious.
Comparing Gold and Silver is nutso.
ignoring the semi-inert metals to the left of each.
Then again, I guess it's no more silly than getting into fist-fights over sports teams.
" a few" 10x rips ? You mean exactly 2 ?
The first one some brothers went to prison, the next time it was because everyone was convinced the world was over.
With these 2 extraordinary events silver was able to rise to the lofty heights of ..... $49. Oh boy. I know I know you all sold at $49. Amazing how after all the years of "too da moon" nonsense and Ted Butler types screaming about $500 + silver everyone now claims they sold close to $49. Lol I guarantee a lot of posters on this board have brown eyes. Real brown eyes.
So after 2 extraordinary events silver rise to $49. Oh boy Oh boy. As soon as the pandamonium calmed down silver quickly got its are stomped, losing 5-8 times more of its value than gold. Thats some too da moon.
Oh yes, a chart from the US geological survey.
Weren't they the ones guaranteeing silver would be extinct by 2020 ?
I know the first strike is not all that important but still under melt, and for an ms70. The point is gold and silver can be found for under melt if you take the time and are willing to wait for the rare opportunity.
A couple things, first never buy graded bullion or get bullion graded
If you can get it below melt, that should be your focus the other things
Are just wishful thinking.
I purchased the ms70 already graded P.C.G.S. FS $50 AGE for 14 under spot. no Brain er. The grade was a little icing on the cake.
however being graded MS70 isnt
Anything all that special, just saying....
You are right. I would not get much more then melt if I needed to sell fast(coin shop).
Most dealers take in stock at set prices or prices that they pay, so you will
Never see them drop prices in there day to day operation, just because they
Have to eat to...LOL
Sorry but this is just more silver nonsense.
If the Ken Griffey Jr Upper Deck rookie that used to be worth $250 but now is worth 3 cents returns to its all time high then a $60 investment would be worth half a million. But guess what ? It never will.
Calling something a good investment simply because it lost so much from its high is..... Well about what I expect from the silver crowd.
Just the same, your quoted dollars off all time highs for both gold and silver are no where near even close to accurate.
I am going to be honest with you.
NO I don't think silver will ever get back to $50. At least not in the next 150 years which is really all we care about right ?
Gold - maybe but very likely won't break $2000 to make its all time high never in our lives. Silver absolutely won't.
Its a false narrative to hang onto previous highs and some kind measuring stick that the asset must return to.
I think people really underestimate how much silver exists, how much new is being mined daily and really how little is truly lost to industry. I believe silvers true value is $6-$8 and its being propped up by tens of millions of speculators who still believe the to da moon malarkey that the silver industry has been promising since before any of us were born.
There is allot, of course but there is more value then just the bullion, as a collector
Of 10 OZ silver bars, many defunct mines bars are worth a small fortune by smelters such as JM, Matthey, Englehard and many others so again it depends
On who dug it up...LOL
Separate names with a comma.