Silver on its way to $80 an ounce

Discussion in 'Bullion Investing' started by mrbrklyn, Oct 4, 2012.

  1. Juan Blanco

    Juan Blanco New Member

    fwiw 10/2/2012 analyst forecast
    >>Deutsche Bank increased its 2013 outlook on silver by 3% to $44/oz and its 2014 forecast by 11.1% to $40/oz.<<
  2. Avatar

    Guest User Guest

    to hide this ad.
  3. lonegunlawyer

    lonegunlawyer Numismatist Esq.

    Are the world's vamps headquartered in Iran?
  4. txguy

    txguy Active Member

    Well that was short lived.
  5. Juan Blanco

    Juan Blanco New Member

    "$35.74/oz" ??? I'm seeing $33.14/ozt on Kitco, $33.10 Bid on APMEX, $33.12 on Monex, etc.

    Coinflation is garbage, sir. If they gave TRUE MELT values it would be refiners' quotes, btw; NOT putative 'intrinsic.'
    An app that aggregated regional LCS 'Bid' prices for 90/10 junk would be useful, though. YOU DONT GET THAT FROM COINFLATION'S APP, however.
  6. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Melt value is a benchmark value from which bid/ask spreads are calculated. So it would be improper and confusing to adjust it for estimated refiner quotes. And intrinsic value has nothing to do with either refiner quotes or melt value, but we've been over that before.
  7. Juan Blanco

    Juan Blanco New Member

    No it wouldn't. Coinflation says "Silver coin values below are based on the live bid price at the CME," and we all know that's NOT GERMANE to actual coin values.

    WSJ lists numerous Cash Prices (including "Coins, wholesale $1,000 face val-A") which is, to be sure,more informative than so-called "melt."

    Dealer prices are what count most, anyway. Even Coinflation recognizes that, by implication:

    So YES: the app could be more accurate in other ways, too. (Realized sale values, net all costs & taxes, etc. calc'd FOR YOU: that's the beauty of scripts.)
Draft saved Draft deleted

Share This Page