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<p>[QUOTE="Evom777, post: 1814596, member: 27123"]I was at a good sized local auction over the weekend, hoping to pick up some GSA CCs and silver bullion. Not one piece of silver bullion (non ASE) went for under $28. (I had better luck with the GSAs.) Some rounds and bars that were newer went for $33-35 as well. (never knew happy graduation 1999 and merry Christmas 2003 could of been so popular)</p><p> </p><p>I frequent the shops in my area and cover roughly a 75 mile radius on a regular basis. Most of the dealers have no trouble selling their silver bullion and usually get anywhere from $2-5 over spot for basic bullion, and $5-8 over spot for common date ASEs. I don`t see bullion gathering dust in their cases unless they have jacked it up for some reason.</p><p> </p><p>I`m always talking to people and trying to get a feel for what`s happening on ground zero as I call it. (everyday people who are not day traders) I still meet newbies who are looking to get into the PMs and who have no desire to go through places like Monex, Goldline etc. They don`t care about ETFs either.....they just want to own physical silver and or gold and are inquiring with the local dealers about how to do it. I honestly don`t see the PMs lagging in my neck of the woods......Other areas may be different.</p><p> </p><p>Investing in anything is a gamble, and I`m a firm believer in one gambling on the PMs regardless of what Wall Street is doing. (Ironic how One does not need Wall Street to own PMs either) On one hand an analyst will tell You that the PMs go with the market....yet the Dow is at record levels. On the other some are saying that PMs are a hedge against inflation and will do well with QE 850, (or whatever the hell it`s at now) yet both of these predictions have been flawed. One`s guess is truly on par with another`s, despite them being an "expert."[/QUOTE]</p><p><br /></p>
[QUOTE="Evom777, post: 1814596, member: 27123"]I was at a good sized local auction over the weekend, hoping to pick up some GSA CCs and silver bullion. Not one piece of silver bullion (non ASE) went for under $28. (I had better luck with the GSAs.) Some rounds and bars that were newer went for $33-35 as well. (never knew happy graduation 1999 and merry Christmas 2003 could of been so popular) I frequent the shops in my area and cover roughly a 75 mile radius on a regular basis. Most of the dealers have no trouble selling their silver bullion and usually get anywhere from $2-5 over spot for basic bullion, and $5-8 over spot for common date ASEs. I don`t see bullion gathering dust in their cases unless they have jacked it up for some reason. I`m always talking to people and trying to get a feel for what`s happening on ground zero as I call it. (everyday people who are not day traders) I still meet newbies who are looking to get into the PMs and who have no desire to go through places like Monex, Goldline etc. They don`t care about ETFs either.....they just want to own physical silver and or gold and are inquiring with the local dealers about how to do it. I honestly don`t see the PMs lagging in my neck of the woods......Other areas may be different. Investing in anything is a gamble, and I`m a firm believer in one gambling on the PMs regardless of what Wall Street is doing. (Ironic how One does not need Wall Street to own PMs either) On one hand an analyst will tell You that the PMs go with the market....yet the Dow is at record levels. On the other some are saying that PMs are a hedge against inflation and will do well with QE 850, (or whatever the hell it`s at now) yet both of these predictions have been flawed. One`s guess is truly on par with another`s, despite them being an "expert."[/QUOTE]
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