Silver getting crushed today

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

  1. juris klavins

    juris klavins Well-Known Member

    hi_ho_silver__xd_by_sonicmaster23.jpg
     
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  3. crazyd

    crazyd Member



    My millennial child could care less about owning stocks either - student debts, rising housing costs, stagnant wages. She wont be buying my stocks either when I start dumping/trading them for bonds as I edge to retirement. Going to be interesting times :)
     
  4. oz_in_ohio

    oz_in_ohio Active Member

    Crayzd, I personally think you are right with the flooding of the market. I have 2 kids and both in their 20's...Their mother steered them away from numismatics and philatelics as she had no interest herself...Mind you though when i sold a minimal amount to buy a chevrolet cruize for cash and a 60% deposit on a home, she was ok with that. That was in 1986. She , the ex , did not mind the coins and stuff then when she saw what i sold them for.
    . In other words there was little mortgage owed on the house and owed nothing on the car with the aid of the selling of part of my collections. I am proof that one does not need to complete high school and go to college to make it in life. I quit high school early and was retired before i turned 55. That was all due to stamps , coins and banknotes as i used the time frame ( when there was the intrest ) to sell them off. This leaving the stuff for the children , grandchildren or a rainy day is useless in my eye. Sell it , make the profit and go onto the next venture. Use it the same as compound intrest...Use what you earn to invest into more and that way nothing will come out of your pocket other the intitial 1st investment. If you dont believe me, ask any of them on shark tank. I had in my will that my children inherit the entire collection when i pass on to simply to make their lives easier when starting their families, but altered it as soon as i moved to USA in 2011..If my kids dont have any intrest in it , then why leave it to them. Just so my kids were not left out. i left them us$1 each ( and they live in Australia where i originally come from ) ...Hence my username , oz_in_ohio... The $1 was only so they ( my kids ) could not say i left them nothing. If any of you had seen the movie " WAR OF THE ROSES WITH MICHAEL DOUGLAS" , please refer to that and you will understand my reasoning.
    If kids are not interested these days, why leave it to them?? That is their problem. My kids made it clear they did not want anything to do with my coins or stamps or any other collectibles , so i have left the proceeds to the USA epilepsy society located in Ohio.... Crayzd , it took a while for me to smell the coffee with my kids attitude to the hobby and all i can say is it will happen time and time again to many more families. That is why dealers get people coming in with huge collections or estates wanting to dispose of them as the kids of today have no intrest. Several things i can see happening. Banknotes will flood the market and the values will dwindle due to supply becoming greater than demand,
    ....stamps will be used on packages like i do right to this very day no matter the age and rarity of the stamp , simply to use them up ( pictures included ) and coins made from precious metals will be melted into bullion. As a retired stamp and coin dealer ( over 35 years ) i have seen it all..Have you ever heard of the saying " I TOLD YOU SO??".
    Please just remember those 4 words above in caps.
    I am sorry but i could not picture the other side of the packages as it had the adress of people and i am respecting their privacy. These 3 are just examples but
    i have a lot more. there was no point placing them all in here and wasting space.
    ..Regards...OIO iron F.jpg caramitru403 PKG Rev.jpg oldmanriver4 Pkg Rev.jpg
     
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  5. oz_in_ohio

    oz_in_ohio Active Member

    yes you are correct with the stocks but sometimes stock share cerificates can make nice decoration in a man cave or the like.... Attached i am showing you
    one of mine that i have...originally they were framed but i took them out to scan for you 22543 Computer Research F PP.jpg
     
  6. Clawcoins

    Clawcoins Well-Known Member

    At this present moment I'm not sure I want to own stocks either ...

    [​IMG]
     
  7. chascat

    chascat Well-Known Member

    Perfect time to buy stocks.
     
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  8. V. Kurt Bellman

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

    With apologies to McDonald's, I'm lovin' it.
     
  9. Clawcoins

    Clawcoins Well-Known Member

    the funny thing is that even though Silver is down, Gold is Up.
     
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  10. V. Kurt Bellman

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

    Gold gets (suffers from?) so much more speculative fluff built into its price.
     
  11. sakata

    sakata Devil's Advocate

    I thought about this thread, or at least its title, when I read yesterday that it took 160 tons of pressure to mint a Morgan Dollar.
     
  12. Clawcoins

    Clawcoins Well-Known Member

    and back up ...
    [​IMG]
     
  13. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    Was down in Branson Missouri this week went into a pawn shop ask about several coins he had.. boxes of dimes mark 4.00.... quarters 5 to 6 so I asked him if he would buy some silver he said 20 per cent below spot. whenever I asked him about coins what he could do on some graded bullion he would go back in office get on computer then come back out and said that it 40 apiece for 2012w 2013w sp 70 iasked him where you get your selling prices he told me EBAY SALES LAST SOLD.. ooooh k..
     
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  14. abuckmaster147

    abuckmaster147 Well-Known Member

    Wow 20% below that is like what $13.00 an ounce.?
     
  15. V. Kurt Bellman

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

    You don't have to be Branson to get ripoff quotes like that. My area is LOADED with "huge spread expecting" buyers and I know of NONE locally that do it on "normal" spreads. It's why I don't trade metals - nasty spread expectations.
     
  16. abuckmaster147

    abuckmaster147 Well-Known Member

    So Monday night I found some new rubber for my feet and put them in my Ebay shopping cart. Tuesday morning it was the last pair and the Ebay bucks coupon code was there and Bang!!! Yesterday I have new $50.00 sneakers for free. My Feet are not liking them too much yet though. Will have to break them in and see I guess.
    Thanks Jeff!!!
     
  17. Clawcoins

    Clawcoins Well-Known Member

    Mondays' a Comin'
    [​IMG]
     
    Last edited: Apr 9, 2018
  18. V. Kurt Bellman

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

    Well, you have to understand that some people thought they might need some ready silver on Friday, just in case, you know, the whole dollar system collapsed over the weekend. :troll::D:D:rolleyes:

    Besides, it was Orthodox Good Friday, and the Pharisees needed 30 pieces each for, you know, wages.
     
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  19. Cheech9712

    Cheech9712 Every thing is a guess

    How the hell do you know this. The amish weekly
     
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  20. Cheech9712

    Cheech9712 Every thing is a guess

    I wanna hang out with you and just listen to your nonsense
     
  21. V. Kurt Bellman

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

    Ex-wife #1 and my son are both Greek Orthodox, and we just watched Jesus Christ Superstar, right?
     
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