Silver heading for $20.00 an ounce.

record again - yes

watch tonight. platinum and palladium broke record high again.

 

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i hate to say good bye

say good bye to $1,000.00 or less for gold spot in the next few weeks.

platinum $2,215.00 up 44.8% dec 31 2007 to present
palladium $526.00 up 44.5%

if u.s. mint is to sell 10th anniversary platinum set today. it will cost us some $3,018.95 per set from original offered at $1,949.95.
and we thought it was expensive.

by next week. the 5th spouse gold will be out for sale. if the gold remind today price. it will cost us $629.95 for uncirculated and $649.95 for proof.

 

Personally I think the 2007 UNC silver eagles on the US mint web site are a good deal @$21.95 assuming you buy enough to dilute the shipping charges.
I just placed an order for 100 before they decide to jack up the price a couple of bucks. I suspect Silver will be hitting $20 within a month or two.
I started buying silver at under $5 an ounce. I keep records of what I bought and when. Each time the purchase price doubles I sell off half. So in theory my silver has cost me nothing. this however does not take into account inflation. I planned to stop buying at $14 and I did for a while but I suspect silver has a way to go before it peaks so every once in a while I will buy a bunch of Junk silver coins or a bar or two.
Think Silver will ever hit $44 and I can recover my money from my last purchase?

 

I'm trying to understand why you decided to buy 100 of the unc. ASE from the mint if you think silver is going up. Wouldn't it be cheaper to buy 100 BU ASE's? Or, do you think the unc ASE's will command a premium even as the price of silver rises?

I'm asking these questions because I'm new to this hobby, and I'm trying to decide what to do with my money right now. Do I buy "bullion" grade coins to sell for a profit as metal prices rise? Or do I spend the same amount of money on older coins with steady or rising numismatic values?

Thanks.

 

The sort answer is yes it would be cheaper to buy ASE's by the tube. I however believe Unc ASEs from the mint will command more of a premium in the future. Either way the price difference between the two is small enough to make the gamble worth while.
Regular BU ASE's normally command a premium of between $1&$2 over melt depending on quantity. Silver touched $18 for a while today so that means regular BU ASEs will be $19to$20 only a couple of bucks different from the Mint packaged collector version. So if I bought 100 Regular ASEs I would sell with silver at $40 as apposed to $44 with the mint issued one.
Either way its going to be a long while before I part with either.
My collecting habits are centered around a series that lasted less than 10 years. Its complete minus a few varieties so I am only looking for upgrades. They will cost me hundreds even thousands of $ so I play the silver game as a way of saving long term for my purchases. Realistically I could probably do pretty well just putting my money into CDs or something similar but i like having a small stock pile of silver around. Plus its always nice to sell something for $20 that you only paid $10 for less than 3 years ago

 

The mint already announced the prices for the next First Spouse Gold coins. The proof is $619.95, and the unc is $599.95.

 

new price released

so the mint new spouse gold is based on $950.00 an ounce for gold. that is fair enough. the mint can also based gold higher at $975.00 to $1,000.00 per ounce.

 

silver up

silver traded higher at $18.15 per ounce. it is time for silver to move like platinum and palladium. silver up 23% since dec.31,2007.

 

silver will not move like platinum and palladium! Alleast not right now... there have completely different supply and demand issues...
Platinum is rising due to lack of supply, palladium is actually has excess supply, but people are thinking that with platinum being so expensive, most platinum users will go towards using palladium as they have similar properties.

 

Modernman sez:
"I'm asking these questions because I'm new to this hobby, and I'm trying to decide what to do with my money right now. Do I buy "bullion" grade coins to sell for a profit as metal prices rise? Or do I spend the same amount of money on older coins with steady or rising numismatic values?
Thanks."

simple answer: buy low, sell dear. Its a formula that has worked for thousands of years. (

You say you are new to the hobby. which hobby? coin collecting or speculating in the PM market? they are far different! some metals traders could care less about coins and some coin collectors care less about the price of silver or pork bellies. Many coin collectors do a bit of speculating or at least hoarding of junk coins with the hope they may sell that silver at a profit so as to be able to buy another overpriced coin in a plastic slab LOL

 

before it's too late

try to buy your spouse gold this week at old prices: $509.95 for unc and $529.95 for proof. on feb 28, 2007 the price of new spouse will cost you $599.95 for unc and $619.95 for proof.

 

$18.03 today.

 

Yeah...silver seems to have stayed at right around $18 today. I took the chance to clean out some parts of my collection and sold some mix silver for alittle over $200.

Speedy

 

Speedy, I think you're going to live long enough to kick yourself for doing so. There are no guarantees about the future, but silver appears to be setting up for a multi-year move that will leave people gasping in disbelief. Just my opinion.

 

Maybe! But then, that wasn't all the silver I have. I collect more Nickel coins rather than Silver so it is kindof something odd that I just pick up now and then when I find it at a good price.

Speedy

 

Wow...what price would cause me to gasp? $30...$50...$75....NOW I would gasp...several times if it went to the middle or last figure!!!! Let's speculate. What is that mysterious "gasping" figure???

 

Not everyone willl gasp at the same time [or price], but I'll be surprised if oxygen sales don't go up as well. I suspect that there will be a fair amount of Mylanta sold as well to those who cashed out with their "really big" profits from selling in the $15 to $20 range too. :thumb:

 

how to figure silver price

if gold go up to $1,000.00 then $1,200.00 and then $1,400.00 within two years. i would said the silver will be around $19.00, $23.00 and finally $27.50. conservatively speaking. my guess for gold is around $1,000.00 to $1,200.00 and silver around $19.00 to $23.00.

 

lets not forget that silver went to I thnk 50 a oz back in the and around 1979 1980.

 

silver and palladium

palladium posted a record high at $532.00 per ounce. while silver reached a recent high at $18.19 per ounce.