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Gold and silver prices are down
- Thread starter Rider
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You'd rather have the gold and silver...???
I mean....
I'll sell you some gold. I picked up a stash south of the border...
Colombia sells 9.7 tonnes of gold in June
(Kitco News) - Retail investors aren't the only ones who are cashing in on the gold rally. Colombia's central bank sold about two-thirds of its gold reserves, according to media reports.
www.kitco.com
not new guy
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I.e. Colombia was looted.
Interesting article by Ted Butler
silverseek.com
A Silver Mystery in Full View
For those who have come to be convinced of the silver price manipulation, as well as those who remain unconvinced, I ask you to put aside all thoughts about derivatives trading, concentrated short positions and epic double crosses and think about something completely different. Please accept...
silverseek.com
Varmint
NES Member
Interesting article by Ted Butler
A Silver Mystery in Full View
For those who have come to be convinced of the silver price manipulation, as well as those who remain unconvinced, I ask you to put aside all thoughts about derivatives trading, concentrated short positions and epic double crosses and think about something completely different. Please accept...
The investigation of JP Morgan's silver manipulation got a huge escalation in Feb and March when the government announced it was charging the entire company, and traders have been cooperating with the investigation.
Silver has doubled since. You can see what a free market in silver looks like.
Varmint
NES Member
I'll sell you some gold. I picked up a stash south of the border...
Colombia sells 9.7 tonnes of gold in June
(Kitco News) - Retail investors aren't the only ones who are cashing in on the gold rally. Colombia's central bank sold about two-thirds of its gold reserves, according to media reports.www.kitco.com
Lol:
Although Colombia's central bank may not have sold its gold at the peak, its timing was a lot better than the British government. Between 1999 and 2002, the British government sold 401 tonnes of gold - out of its 715-tonne holding - at an average price of $275 an ounce.
I was arguing with myself about the best way to celebrate the Fed’s balance sheet eventually reaching another $2-$3 trillion. Well here we are.
View: https://youtu.be/2tIY3iYKoIQ
View: https://youtu.be/2tIY3iYKoIQ
not new guy
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What’s each link worth? I’ve always thought denominational gold jewelry would be a cool startup business.
Look at MENEF
not new guy
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Yeah, like that sort of. I was thinking along the lines of taking a 1oz (or half oz, or 2 oz) bar and working it into something, so that the end result has exactly 1oz of gold in it. Serialized, guaranteed, etc. Maybe cut it to 22 karats so it’s not too soft and make it up in the total weight.
It's not worth the effort. Get to a local pawn shop, tell him what you want and give him your phone number. Prearrange the spot+ price and do some business.
I once had a need for pure silver in sheet form. I spent 2 days with a manual roller pushing a 999 fine silver eagle around and after 6 hours or so, still had to cut it to size and re-roll it. At the time silver was around 18$ an ounce and I could have bought an ounce sheet 999 fine in the thickness I needed for 24$.
not new guy
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The idea is to end up with a piece of jewelry that doesn’t stray too far from its bullion roots and practicality. Something that you can figure out what it’s worth without weighing it. Something with transferable value that doesn’t require melting it down. Something she wants to wear and he doesn’t mind dipping into his nest egg for - wearable currency.
Rob Boudrie
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The problem is that even at 24K, jewelry and functional/decorative object sell at a deeper discount to the original price that tradition bullion coins and bars.
Of course. This was the case when gold was $250 an ounce and I was dabbling in chains back then. If you’re flush with it who cares. Build that golden bidet.
not new guy
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The target market doesn’t worry about such things. If someone is keeping a close eye on the spot price they probably aren’t interested anyway. I’m thinking Newbury St crowd, and guys who might otherwise have a hard time convincing their SOs that stacking gold makes sense.
No big news from the Fed except that which was priced in being the 2% inflation target rise. Still no stimulus but expect something down the pipe when more and more trouble occurs. If gold holds steady at $1915 by tomorrow that may be the base set. It could also trend lower into support at $1875-1850 even.
richc
NES Member
Any of those gold prices make me happy, honestly. I still believe in gold going forward for many of the reasons stated in this thread. But mostly because of the continued debasing of the US dollar...
:-(
All we need is more Fed stimulus and it will no doubt shoot higher. Russia just began enhancing its mining activity to become #2 in gold production, not to sell but to store in their reserve. Even if gold were to drop to the mean base support of mid $1800’s that still portends excellent profits for miners. This is a bull market of a lifetime Rich.
alan226
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APMEX has ASE's for $5.49 over spot, mint direct tubes
Varmint
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That spike was like 10 minutes into Chairman Powell's speech, when he announced the change from targeting 2% inflation to allowing inflation to go above 2%. Later Powell said something about wanting to raise rates so he can lower them again, so maybe gold didn't like hearing that.
Varmint
NES Member
Two years ago they were $18, and nobody was buying them. Now at $33 the masses are buying them like crazy.
alan226
NES Member
I've been trying to sell Morgans and can't give them away (ever so slight exaggeration)
Varmint
NES Member
You trying anywhere else or just the classifieds here? Did you check if Apmex will buy them?
alan226
NES Member
APMEX is getting between $31-$34 for non cull Morgans. I put them on here for $25 or BRO and couldn't even get a nibble. The melt value is almost $21
I've sold to APMEX before. I fully expect them to pay in the area of $20 or less. I didn't want to go the Craigslist route.
I might try some locals. Any suggestions?
I've sold to APMEX before. I fully expect them to pay in the area of $20 or less. I didn't want to go the Craigslist route.
I might try some locals. Any suggestions?
How many Morgans you looking to sell?
alan226
NES Member
I have around 85 Morgans. No Culls. All VF or better
A couple of Peace Dollars and some various halves and Washington Quarters.
Total $100 face value
I'm in for some Morgans if your price is fair.
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