@richc was posting the spot physical price.
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Gold and silver prices are down
- Thread starter Rider
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richc
NES Member
First time I have seen green in YEARS!!!
Hold on tight brother. I think you’ll be made whole with your cup overflowing eventually.
yogi
NES Member
Wow
Interesting as the bid/ask spread is about $13 on Apmex. I always just check Kitco for the gold spot price which is the bid with a much tighter spread.
Up almost 5% in one day.
Must be a new record.
Gold is insurance against economic disaster.
Just because you have insurance doesn’t mean you want the house to burn down.
That is what I’m seeing here.
The US dollar is collapsing.
Varmint
NES Member
Apmex uses a made up spot price that is meant to cover their costs.
New 52 wk high. Need to stay above to end the week though.
Varmint
NES Member
Junior miners could really explode if silver solidly tops $26 on the week.
I like to buy physical gold every year... Those days look done... Back to silver!
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Silver doesn't seem to want to slow down
Roll of 20 silver eagles is up over $800 now. I’m not really liking Charle’s visage on the new maple leafs compared to Liz. Walmart’s price for a 1 oz gold buffalo is now $2755 w/tax. I’m afraid we might see $5k an ounce during this cycle.
@Rat187 was offering a monster box of eagles for spot last year. I think around $12k. Hope he’s still holding them. He could get closer to that $17k price.
Rat187
NES Member
Nah, 1/2 that @ $17 IIRC
Silver is up another 3.87% today.
richc
NES Member
I'm trying to figure out why we have the big price increase in PM's?
Today I saw Krugerrands on sale:
There does not seem to be a shortage at online sellers here in the US. I recall during the last price surge 100 ounce bars were unobtanium, or offered at huge premiums. Today Apmex has them on sale.
www.apmex.com
It does not appear to be consumer demand in this country.
I was listening to an analyst last night saying he thinks China is getting rid of it's US foreign currency holdings. Primarily treasuries, and acquiring PM's. And the same may be true for other BRICS nations. That would explain the drop in treasury prices recently, and the big demand for PM's recently.
We have demand for PM's driven by a flight from the dollar.
Thoughts?
Rich
Today I saw Krugerrands on sale:
There does not seem to be a shortage at online sellers here in the US. I recall during the last price surge 100 ounce bars were unobtanium, or offered at huge premiums. Today Apmex has them on sale.
Buy 100 oz Silver Bars | .999 Fine Silver | APMEX®
Buy 100 oz Silver Bars online on APMEX.com. .999 fine Silver. Fast & free shipping on orders +$199. 100% Satisfaction Guaranteed. Shop - APMEX
It does not appear to be consumer demand in this country.
I was listening to an analyst last night saying he thinks China is getting rid of it's US foreign currency holdings. Primarily treasuries, and acquiring PM's. And the same may be true for other BRICS nations. That would explain the drop in treasury prices recently, and the big demand for PM's recently.
We have demand for PM's driven by a flight from the dollar.
Thoughts?
Rich
Rat187
NES Member
I know, my nephews 3 sons are partying...
![[party]](/xen/styles/default/xenforo/smilies.vb/021.gif "Party [party]")
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Silver is @ a 1 Year High. Because the USA Economy is absolutely TOXIC .
I am so close to breaking even. And I can't wait to sell all of my silver.
I won't do this ever again.
I will stick to gold. American Gold Eagles ONLY.
I made a Horrible decision buying silver 4 years ago.
I could have bought SP500 and made a killing.
I am so close to breaking even. And I can't wait to sell all of my silver.
I won't do this ever again.
I will stick to gold. American Gold Eagles ONLY.
I made a Horrible decision buying silver 4 years ago.
I could have bought SP500 and made a killing.
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12.61% in the last 12 months. Today is the 12 month high
June 11th 2021 = silver 28.15
August 28 2020 = silver 27.79
April 3 2024 = silver 27.06
Grendizer138
NES Member
You guys are really selling? I hope you offer your silver eagles here.
Holding precious metals is insurance and protection against uncertainty and black swans. I never saw my physical gold and silver as an investment. I save my money for other assets like stocks and real estate for investment vehicles.
Did you use all your capital for silver only?
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Silver makes up less than 1%
I already sold 50 ounces at a loss. Can't wait to get rid of it all.
Word to the wise. Stick with precious metals that are VERY LIQUID.
Stick with American Eagles.
Gold is less manipulated
Copper and Silver are very easy to produce.
Gold is much more difficult, scarcity is key.
Don't buy things you believe is cool. And looks cool and makes you feel cool.
You'll never get your money back, nobody cares what means alot to your emotions...
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Ironically. My silver eagles I got close to breaking even. That was the easy part.
I'm stuck with so much bullion and decorative nonsense....
It's become extreamly difficult to liquidate. I'm looking at $10 - $15 loss per ounce. Sucks.
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