Discussion in 'Bullion Investing' started by cphine, Oct 31, 2009.
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I own every investment I've listed.
Invest in what you know. I retired after a career in IT.
I bought Home Depot and the S&P index fund for diversification.
BTW, Apple $116.47 $267.10
I could've gone back 10 years which = much more gains. Over the long haul stocks win out.
it's up 39% for the year. will probably bounce back some later today.
In response to this thread, to get us back on track, allow me to summarize what I believe to the situation:
1. Large dealers place ASE orders from the US mint for the upcoming year. They place this order when they believe silver is a a currently low price, giving themselves more space to make profit when silver goes up and they sell their Eagles to their customers.
2. Dealers pay the US Mint a lower (underdetermined) premium for the Eagles than they will sell them for. What is this amount?
3. Dealers make money on Monster Boxes of Eagles by sending in nice examples for grading, allowing profit on ms70s.
Today, dealers are selling forthcoming 2020 Silver Eagles for $20.53 while spot is $17.20. That is a premium over 16%. Outrageous! Anyway, what is the premium they pay? We still haven't answered that. But I think we can speculate it is much smaller than 16%.
ASE won on the bay at cost plus $10 for shows I setup at lol. Strong sales.
no free ride in numismatics
Yeah, but what if silver is in a multi-year decline ?
How do you make money then ?
Some of them simply don't buy, and of those that do sometimes they make less, sometimes they break even, sometimes they lose. Just like in all markets - there are no guarantees.
"semi-numismatic" bullion is really a thing. I've been dabbling in it lately. I agree the plain bullion and junk silver is pretty boring.
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