Gold and silver prices are down

[CoastieRon]

This is the stack I am willing to sell from. Spot prices at PM. 10 Canadians are spoken for.

 

[sacksjacked]

pm sent your way ron.

 

[CoastieRon]

pm sent your way ron.

Responded

 

[CoastieRon]

I updated my for sale thread.

 

[ASHDUMP]

FYI.... EBay was great to deal with with regards to my tax refund.

 

[Varmint]

Silver is holding up really well in this correction, especially considering stocks sold off 5%. Sub $20 silver could be gone for good.

 

[NavelOfficer]

When you are ready to short Ag, let me know. I'll buy a Silver Maple Leaf and the silver price will instantly drop about 50%...

 

[Varmint]

When you are ready to short Ag, let me know. I'll buy a Silver Maple Leaf and the silver price will instantly drop about 50%...

Lol. I think we could get 4 or 5 NESers together and crash the whole silver market.

 

[CoastieRon]

I'm all sold out. Thank you NES!

 

[Varmint]

My mom passed away this summer. She didn't have much money but I should be able to use my part of the inheritance to buy 25 oz of gold or so. I'll give it to her grandkids when they're old enough, a parting gift from grandma. She loved my two boys.

 

[ASHDUMP]

This is the place I purchased from a few weeks ago....

 

[Freddy Q]

Man I cannot believe the amount of people lining up to BUY silver at $30/oz...

I gotta thank you guys though - specifically this guy

Here's a neat deal from northeastcoin. It's not for me - I get board of silver eagles - but it's not a bad deal IMHO.
Buying and Selling Rare Coins at Northeast Numismatics

I took my $1200 Trump money and bought this back when silver was at $14/oz (although it was selling for 30-50% more). Its a complete set of Eagles, 34 of them. (Plus I bought a couple of slabbed colonial copper coins to get up to the $1,000 no-tax threshold). This set has just about doubled in value in the six months since I bought it. Thanks Win and thank all you guys for keeping me up to date with whats going on with PMs.

 

[alan226]

Man I cannot believe the amount of people lining up to BUY silver at $30/oz...

I gotta thank you guys though - specifically this guy
I took my $1200 Trump money and bought this back when silver was at $14/oz (although it was selling for 30-50% more). Its a complete set of Eagles, 34 of them. (Plus I bought a couple of slabbed colonial copper coins to get up to the $1,000 no-tax threshold). This set has just about doubled in value in the six months since I bought it. Thanks Win and thank all you guys for keeping me up to date with whats going on with PMs.

I've had good luck with them too. Paid me true spot for gold when everyone else was 2%-3% below spot....

 

[DJBrad]

View: https://youtu.be/IS4XbTbm_Bo

 

[ASHDUMP]

Man I cannot believe the amount of people lining up to BUY silver at $30/oz...

The ask for silver is almost $27/oz... But yeah, 5 bucks over is a good margin... But people are paying it...

 

[Win]

I’d be surprised if we’re not remembering fondly the time when we could silver at only $30/ounce - “why didn’t I buy more when it was only $30?”

 

[Kevin_NH]

I remember the oughts, when we could buy gold at only $300/ounce - “why didn’t I buy when it was only $300?”

 

[smokey-seven]

In that video, where was he getting his impure silver shot from?

 

[clampett]

View: https://youtu.be/IS4XbTbm_Bo

Thanks for posting that. This guys channel is amazing.

 

[clampett]

In that video, where was he getting his impure silver shot from?

He has his wife buy junk silver and gold at flea markets and yard sales.

 

[DJBrad]

Thanks for posting that. This guys channel is amazing.

Yes it is. Gotta love chemistry particularly when it involves PMs.

 

[Varmint]

I’d be surprised if we’re not remembering fondly the time when we could silver at only $30/ounce - “why didn’t I buy more when it was only $30?”

Like when I tell people I bought Juniper Networks at $4. It went on to reach $200.

Unfortunately I sold it at $8.

 

[not new guy]

Chemistry scares the crap out of me. That was my big takeaway from high school chem.

 

[DJBrad]

Like when I tell people I bought Juniper Networks at $4. It went on to reach $200.

Unfortunately I sold it at $8.

I bought Baidu at $60 in 2003. Sold it at $80. It went to $280 something and split. From $100 something it went back up to $200 something. Didn’t look at the charts just now to be sure but yeah, that was a premature move.

 

[Canndo]

I just did a physical inventory. Been quite a while. I'm now looking at a second home.

 

[Canndo]

My wife did a spreadsheet. She's in retail finance. I write shit down on post-its. I took charge of the precious metals investing 10 yrs ago. She was never a fan. She is now.

 

[enbloc]

View: https://youtu.be/IS4XbTbm_Bo

I wonder if his neighbors know he is a mad scientist...?

 

[rep308]

Wife: can you get the silverware out of the safe?
me: um, we have to talk.

 

[enbloc]

In that video, where was he getting his impure silver shot from?

Sterling silver. He buys 925 and refines it to 9999 through this process.
That's why the melted and drop-quenched Sterling Silver" shot" has a dirty amber color to it.
The 925 Alloy still contains the remaining metals to be refined out. (usually copper)

 

[smokey-seven]

Sterling silver. He buys 925 and refines it to 9999 through this process.

Ok... it just not seem profitable enough to the hassle involved. .075 x spot is around 2$ an ounce.