Discussion in 'Bullion Investing' started by Kevin wu, Jul 8, 2020.
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Not sure. But my guess is that the premiums are high for silver now because people are going crazy for silver for some inexplicable reason. When "investors" get emotional, the market gets out of whack. Silver is OUT OF WHACK!
Looks like silver Eagle premiums will likely stay at $6+ for a year or more with the mint recently announcing expected production slowdowns for the next 12 to 18 months.
Pray that they still mint that one
That’s not good for me. Now everything is out of my price range
I feel ya. You ever see Wheat Man Will you please show him @lordmarcovan what weight would look like
I going to sell my Silver Canadian quarter now What will I get. Could I get a 5$ foot long at Subway
I'm not a seller. I buy and hold. I will only rid myself of my silver after the Armageddon, if I need it to buy a loaf of bread, LOL!
They liked silver at 60:1 to gold. It was 80:1 when published.
I am not selling either one.
I get a kick out of it when people, even the "experts" try to predict future prices. It's foolish. They are never right, unless it's due to luck once in a while, like a broken watch is correct twice a day.
"Experts" that try to predict the future shouldn't have jobs in finance.
BARRON'S is excellent -- must reading weekly, IMO.
They don't make predictions though their columnists will offer their opinions many times. What they excel at is laying out the pros and cons and letting their astute readers make up their minds.
They've been bullish on gold and silver for some time now, BTW.
I like gold coins.
Ask Jussie Smollett......
The first article on there was this:
Hold off on gold price explosion; $2,000 won't come this year, here's why
"Gold’s long-term price target is still $2,000, but that price level will not be seen this year, owing to several technical and fundamental hurdles that need to be breached first, this according to Lejun James Shao, a columnist for Seeking Alpha. In a recent Seeking Alpha article, Shao said that gold needs to continue to rally into $1,800 an ounce before it completes its breakout move."
Current melt value:
Silver: $25.72 1.36 Gold: $2003.57 25.89
Nobody knows what PMs will do but there sure are a lot of people who want you to believe they have a crystal ball. LOL
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