Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
TRYING TO "Play the GSR" -- HORRIBLE IDEA
>
Reply to Thread
Message:
<p>[QUOTE="-jeffB, post: 3569385, member: 27832"]Except for the people who do?</p><p><br /></p><p><a href="https://www.cointalk.com/threads/graded-gold-at-melt-20-libs-and-50-buffalos.340736/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/graded-gold-at-melt-20-libs-and-50-buffalos.340736/">Graded Gold at Melt $20 Libs and $50 Buffalos</a></p><p><br /></p><p>A number of dealers at last week's local show had gold for sale at or near spot. I was considering selling a couple of common-date, 63-ish Saints, and all the offers to buy were <i>below</i> spot.</p><p><br /></p><p>As for silver, which as you say has been lagging: the closing price the Friday before the show put melt for 90% around 10.7x FV. There were plenty of dealers offering to buy at 10x for any quantity, and at least one guy was offering 10.5 for rolls of 1964 Kennedys (since they're usually full-weight). I saw <i>one</i> guy who was selling 90% at less than 11x, and he was nearly sold out.</p><p><br /></p><p>Bottom line: most of the <i>dealers</i>, who are interested in making money, were acting as though they expected more upside from silver than from gold. Me, I bought nothing and sold nothing.</p><p><br /></p><p>But you do you.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 3569385, member: 27832"]Except for the people who do? [URL='https://www.cointalk.com/threads/graded-gold-at-melt-20-libs-and-50-buffalos.340736/']Graded Gold at Melt $20 Libs and $50 Buffalos[/URL] A number of dealers at last week's local show had gold for sale at or near spot. I was considering selling a couple of common-date, 63-ish Saints, and all the offers to buy were [I]below[/I] spot. As for silver, which as you say has been lagging: the closing price the Friday before the show put melt for 90% around 10.7x FV. There were plenty of dealers offering to buy at 10x for any quantity, and at least one guy was offering 10.5 for rolls of 1964 Kennedys (since they're usually full-weight). I saw [I]one[/I] guy who was selling 90% at less than 11x, and he was nearly sold out. Bottom line: most of the [I]dealers[/I], who are interested in making money, were acting as though they expected more upside from silver than from gold. Me, I bought nothing and sold nothing. But you do you.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
TRYING TO "Play the GSR" -- HORRIBLE IDEA
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...