Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, cocoa performed well, but factoring in the "intrinsic value" and "still useful even if the price craters" arguments, I'd still prefer ethanol. At least if it's not denatured. ;)
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Plenty of ethanol over on yonder bar. My one cat likes to fling "rocks" glasses onto the carpet below, but he has so far wisely avoided doing anything similar to the "goods".
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    "Yeah, you're cute and furry, but if I pickle you in a jar of ethanol, it'll be the last alcohol you ever waste -- and it'll cut my cat-food bill."
     
    Stevearino likes this.
  5. Clawcoins

    Clawcoins Well-Known Member

    yeah but this holiday weekend, the Chocolate Bunnies win.
    [​IMG]
     
    Stevearino and abuckmaster147 like this.
  6. Clawcoins

    Clawcoins Well-Known Member

  7. sakata

    sakata Devil's Advocate

    Well, maybe it is on life support.
     
    Stevearino likes this.
  8. oz_in_ohio

    oz_in_ohio Active Member

    Kids these days dont care for silver , coins, bullion etc etc etc...Those days are long gone and we adults should only worry about ourselves...Sell the bullion and enjoy the money as that is what the kids will only do...Don't wait for the peak of a price change as we don't know if we will be alive that time to enjoy it...Speaking as a retired stamp and coin dealer and a parent of 2 children that dont care about collectibles, i saw it far too often that coins , bullion , items like jewellry , cutlery , candlesticks etc made of gold and silver were just pawned off to get the scrap money for and collectors for rare dates were not out there. I had to run the business and the collectors were not about. A business runs on cash flow and the only way to do it was melt the coins etc. I saw it in my 30's and 40's and therefore retired at 55 as my decision was made up...You people will disagree with me as you think you know it all but i have seen it with my own eyes. I collect miniature bottles of alcohol, drink coasters , cartoon cells and hard rock cafe pins...All my numismatic and philatelic items i just sold as the interest was not there anymore by younger generations in general and the longer we go into the future, the less the intrest will become...It is a shame it has come to this but when one looks at it logically , kids don't care, grandchildren don't care and therefore we have to sell and get out....The rare dates are not affordable by any means in high grading and Fine to VF nobody wants . The collectors coming through say it costs too much to raise a family, school and clothe the children and when college comes along, one needs scholarships or they are screwed... I just sold all my bullion silver and gold and am going to use the money to live off for the next 6 years or so as by going to coin shows etc, the dealers wanted to pay nothing for the items or simply was no intrest...I will say that 1911s and 1912s indian heads really are stable in price and that is because the low mintage...The Australian 1933 shilling and 1915 threepence and shilling are great investments but only for today...Forget the next generations as they dont care..... I am 60 years of age and i dont want to have some lawyer get all the proceeds when i die to pay him off.... I will die with nothing under my belt so then l can say l enjoyed it...I started collecting when i was 8 years old ( 52 years ago or over half a century and for what??? ) It is no longer the 1970's when silver was the way to go , stamps are only good for posting packages and that is what i use my collection for as philatelics has gone to the wayside. What point is there selling the stamps off at 50% face value as that is what most dealers pay these days ( if you are lucky ) when one can use them for full price to place on packages. On top of that banknotes are priced way out of proportion..Used stamps from the sheet are still in demand but not the self adhesive ...Due to laziness, people only buy self adhesive as they are in books and rolls and to find the stamps used from the sheet these days is rare ( due to laziness )...I know one can get more than face value for those stamps used and from the sheet , especially the higher values. l know i am going to get snubbed by people in here but just remember i have the right to do with my stuff what ever i want....At least i will enjoy the money i sell it all for and not just leave it to some young ungrateful people ( or brats ) of the family that will not care. I am speaking for myself there and from experoence but if you want to simply look the other way and kid yourself by saying the young ones of your family will care, thats your choice but as the old saying goes...I TOLD YOU SO!!!. To all out there, think twice please...I am just giving some warning which i have experienced and that is the best way to learn is by experience. Do as you wish....Have a nice day you all.
     
    JDcahill likes this.
  9. Clawcoins

    Clawcoins Well-Known Member

    Yup, but it's still fun.

    I have my coin collection inventories and my purchase price.
    I plan on asking the kids as I get older what they want me to do with it.
    Until then, I enjoy looking at them. It's like Art to me .. those designs are awesome. Of course, it's easier to store than art; and costs less for the stuff I like.

    There's also other benefits, just depends upon your acumen for various financial things.

    As much of the world goes towards disposable items collecting becomes more of a difficult thing. But as TV shows, people still collect stuff.
     
  10. Clawcoins

    Clawcoins Well-Known Member

    @abuckmaster147
    Hope you had a good weekend. Here's we go ...
    as new Chinese tariffs kick in today.
    20180402_Futures.jpg
    ..
    [​IMG]
     
    Last edited: Apr 2, 2018
    abuckmaster147 likes this.
  11. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    I have to say, Oz "gets it". I think he's got the timing a slight bit off, but he's generally spot on. The hobby IS on life support.
     
    JDcahill likes this.
  12. oz_in_ohio

    oz_in_ohio Active Member

    'hat do you mean by the timing is a bit off??? In the 1970's - early 80's , the hobbies were rich and flourishing as i was a part time dealer at that stage and saw it first hand....However it seemed when my first child was born in 1993, the tap turned off and these sort of investments like coins , notes, stamps, badges etc went down hill....As i was in australia, militarty items from Korea and vietnam era rise dramatically as people were still alive and those wasrs items never got on the market....A Koraea pair in the that we all are into
     
  13. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Well, my son is vintage 1995 and is an ANA certified exhibit judge. But he doesn’t collect anything that would have occurred to me. He leaves to me the “regular stuff” and he mostly works on his Soviet Union collection. He finds the entire eastern bloc thing as a source of ironic comedy.
     
    Stevearino likes this.
  14. oz_in_ohio

    oz_in_ohio Active Member

    Sorry hit the enter in error...A Korea pair was over $750.00 and the vietnam you could not get for under $1000.00...This could be that not many aussied fought there...Mostly the soldiers were from the USA....However as WW2 veterans and WW1 were dieing off, thise reached the 2nd hand market and are worth so little these days...I can only speak for aussie awards... In the 1990's, things like Tazos were the way to go....I was buying them in at 40c each and selling at $1.00 each or iwould trade with the kids 2 of theirs for 1 of mine that they did not have...Blue backed cheeto tazos went to $5 each in no time as the machine that made them broke down and no more were manufactured...So rarity fell there....
     
  15. oz_in_ohio

    oz_in_ohio Active Member

    Personally , i prefer my Hard Rock Cafe pin collection..... Someone came into my shop in the late 2000's and wanted to sell his books of pins....I said to him i would give hm $5.00 a pin....he had 300 of them and the books...The average cost of them at HRC is $12 each so i knew i could trade the ones i did not want easily..Kurt, if you want pics, i will send you...I asked him how does he want the cash ( 50's or 100's ) and he said he wanted to swap it for a krugerand.... I went to the safe, got my gold book out and there were 3 there...He picked a 1974 and all was done...And that started my hobby of HRC pins...Dont forget Kurt, it only cost me my buying price as he exchanged it for retail....To me it does not matter about the gold or silver, they are just commodities....Can i send you a private message as there are things i want to say but cant go in here...??
     
  16. abuckmaster147

    abuckmaster147 Well-Known Member

    Yea it was ok The weather could have been better very cold windy day but took grandson out to fly a new kite.
    So without getting political I ordered a new motor for his atv chinese. On Sat, Would that have been more money this week?
     
  17. crazyd

    crazyd Member

    About the younger generators.... my late father collected coins - mostly silver from US Mint, but also some other types and mints. He tried throughout the 70's and 80's of my youth - to involve me. I kept the coins he provided me (did not sell) but had little interest. After he passed he left me his whole collection. I am now adding to this collection (slightly differently) and think of him often when I do. I changed my interest !

    My oldest daughter has no interest, but my youngest has some interest and asked if she would get them when I die. I suspect I may sell a good deal of them in retirement (who needs 200 Silver eagles that all look the same?) , but will set aside some of the more fun and interesting coins for my youngest since she has sat with me looking with me and maybe will use them to think of me after I am gone. Or she can sell them if that helps her.

    I wonder over the next 10-20 years with boomers retiring and passing away if the market will be flooded with coins and bullion.
     
  18. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Aaaaaaannnnnd we see that ONCE AGAIN, the charts giveth and the charts taketh away. (Often the very next day.)
     
  19. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Your answer is that the people who care about precious metals per se are achieving ambient temperature at astonishing rates and someday not TOO long from now, the only people who care at ALL about precious metals are people who want to decorate stuff with them, and a small handful of economic theory cranks. They are irrelevant to money and commerce.

    Yeah, yeah, 5,000 years, yadda, yadda, heard it all before. BALONEY!
     
  20. abuckmaster147

    abuckmaster147 Well-Known Member

    Yea @crazyd My grandson has little interest my 4 year old granddaughter maybe. But When I was a kid I had about the same interest as them will have to see I guess.
     
    crazyd likes this.
  21. Clawcoins

    Clawcoins Well-Known Member

    when I was young it was just money I put in a jar for no real reason except to store.
    I had no idea why I was storing it. I was just collecting pennies.

    only when I was older was I actually starting to collection various year coins as a hobby.

    [​IMG]
     
    crazyd likes this.
Draft saved Draft deleted

Share This Page