Gold and silver prices are down

[J.A.C]

My understanding is that all 2021 eagles have the notch. I really don't take notice of the notches, I Sigma test any that I'm unsure of.

My Sigma Pro gives me piece of mind.

 

[tinhorn]

For folks in MA, some purchases of metals over $1000 are the sales tax exempt, but make sure before you complete the buy.

I discovered this right after buying some junk silver for $999.75 on eBay. No kidding.

 

[tinhorn]

Just listed some gold in the classifieds: https://northeastshooters.com/xen/forums/nes-member-classifieds.112/

 

[zboys]

Your best bet is finding a local source - one who is honest and trustworthy but also one who won't charge you tax which can very rapidly eat into any future gains you realize.
24 oz at $33/oz is just under 800 bucks. Add 6.25% on top of that, and you just paid $35 an ounce instead of $33. It makes a difference.

No sales tax on PM in Tennessee where I am living now.
Plus TN sales tax is 9.75%

 

[Varmint]

PM's seem to be creeping higher. No big moves, but frequent small increases in price.

Silver is back above $30. Gold is creeping back towards $2700.

Will be interesting to watch.

 

[Varmint]

Curious why gold, silver and even miners are going up in 2025. Maybe something to do with bond rates going up? Trump isn’t bullish for gold so can’t be that. Or maybe just a bounce now that tax loss selling is over.

 

[DJBrad]

Curious why gold, silver and even miners are going up in 2025. Maybe something to do with bond rates going up? Trump isn’t bullish for gold so can’t be that. Or maybe just a bounce now that tax loss selling is over.

Well, China bought the Gold dip in December. I do think the writing is on the wall for the dollar peaking. There is just no way out of this fiscal issue except to inject massive liquidity with open QE again.

 

[HARRYM]

Well, China bought the Gold dip in December. I do think the writing is on the wall for the dollar peaking. There is just no way out of this fiscal issue except to inject massive liquidity with open QE again.

China is stockpiling Gold to protect itself against Tariffs.

 

[Varmint]

Well, China bought the Gold dip in December. I do think the writing is on the wall for the dollar peaking. There is just no way out of this fiscal issue except to inject massive liquidity with open QE again.

Dollar could go up as long as rates go up. Although at some point a bond vigilante thing would cause a dollar sell off an investors worry about the US financials.

QE Infinity for sure, it’s just a matter of when we get that liquidity event.

 

[Varmint]

China is stockpiling Gold to protect itself against Tariffs.

Silver and miners are outperforming gold, indicating its investors driving this. China doesn’t buy silver and miners.

 

[HARRYM]

Silver and miners are outperforming gold, indicating its investors driving this. China doesn’t buy silver and miners.

Perhaps, but China is indeed stockpiling gold.

 

[DJBrad]

Dollar could go up as long as rates go up. Although at some point a bond vigilante thing would cause a dollar sell off an investors worry about the US financials.

QE Infinity for aide, it’s just a matter of when we get that liquidity event.

For those here who may not understand what “dollar goes up mean” it is the DXY index and the dollar’s value relative to other currencies. Gold has reached record highs in all these other currencies already.

I don’t see the DXY hitting any higher than 110-115 in this peaking cycle.

 

[HARRYM]

For those here who may not understand what “dollar goes up mean” it is the DXY index and the dollar’s value relative to other currencies. Gold has reached record highs in all these other currencies already.

I don’t see the DXY hitting any higher than 110-115 in this peaking cycle.

Blindfolded and throwing darts against the wall, that's been me since Biden took office. That being said I will make no dollar predictions until Trump cleans house and we can get real economic reports as well as Powell having true integrity and resigning. The whole bunch of them have been blowing smoke up our arses from day one.

 

[Freddy Q]

I discovered this right after buying some junk silver for $999.75 on eBay. No kidding.

Owch, yeah I forgot to mention that...

Couple of years ago, I bought a set of ASEs (86-21, 35 coins I believe) after I was directed to the business (Northeast Numismatics)- and the deal on the set of ASEs- by someone in this thread IIRC. Got a good deal on the set, but it was under 1k so I looked around their site and added one of my favorite coins that they happened to have on sale (a slabbed 1857 large cent, lowest mintage and last year of large cents) to clear 1k and avoid sales tax

 

[DJBrad]

Just heard about the bond vigilantes taking over the UK gilt market and that seems to be another catalyst for gold’s move.

 

[Varmint]

Just heard about the bond vigilantes taking over the UK gilt market and that seems to be another catalyst for gold’s move.

The banks said there’s nothing to worry about. I’m so relieved.

 

[In God We Trust]

Question for Silver Eagle Experts.

I have 4 Silver Eagles sitting in front of me. All 4 2021. All from the same dealer who is a large coin dealer and well known. Of course the 4 Eagles are type 1.

3 of them do not have the security notch at 6 O'clock and the 2021 date is the smaller font with the zero being oval.

1 has the security notch at 6 O'clock and the 2021 date is the newer, bit larger font with the zero being round.

Again, same dealer.

Is it possible that the early 21 Silver Eagles did not have the security notch and still had the smaller date font?

The Internet is not helpful as many say it's not possible with many saying it is possible as the changes were implemented around June of 21.

The coins weigh the same and measure the same. Nothing about them jumps out other than the above mentioned.

Thanks

If they weight and measure the same, they are either all real or all fake.

I recall back around 2011 the chinks were making fake silver coins. Not sure how prolific they were, but I made a post here years ago about it.

 

[HARRYM]

If they weight and measure the same, they are either all real or all fake.

I recall back around 2011 the chinks were making fake silver coins. Not sure how prolific they were, but I made a post here years ago about it.

Personally, I believe many would be shocked at how many fake Silver Eagles are in circulation in this country.

 

[richc]

First and foremost... this is new. I have not used this service. I truly don't know if it is the best thing since sliced bread or a scam.

Interesting concept, though.

Gold Silver Swap

Swap your Gold and Silver

goldsilverswap.com

 

[Parker Schreiber]

Interesting concept, though.

Gold Silver Swap

Swap your Gold and Silver

goldsilverswap.com

The domain has been registered since March of last year.
It uses a 90-day free "Let's Encrypt" certificate without any organizational validation.
There's no contact information.
The metal quotes don't seem to be live.

This may just be a very early phase concept, although the lack of contact information goes against that. In 2025, I see no legitimate reason to "harvest" email addresses rather than use social media when you don't have anything to offer yet.

The only way to offer anonymity and safety when exchanging physical assets is to create an escrow service or repository, such as that offered by Comex. That imposes additional delays and expenses in fulfillment. So all told, I'm not sure the business model is well-thought out.

 

[Varmint]

They keep slapping gold down and it keeps popping back up. Back above $2700.

 

[richc]

Decent buy on silver rounds. Spot is currently $29.90. These are $30 per coin.

But wait there's more! As we have a Costco executive membership we get 4% back. So true cost is $28.80 per coin.

Seems like a good buy for adding to the stack.

https://www.costco.com/.product.1814001.html?emid=transactional_ordershipped_product

Deal is still available...




ETA: Out of Stock on silver rounds... But there's a good deal on 2025 gold buffalo coins.

https://www.costco.com/2025-1-oz-american-buffalo-gold-coin.product.4000339397.html

With 2% back slightly above spot price. With 4% back below spot price.

 

[richc]

The domain has been registered since March of last year.
It uses a 90-day free "Let's Encrypt" certificate without any organizational validation.
There's no contact information.
The metal quotes don't seem to be live.

This may just be a very early phase concept, although the lack of contact information goes against that. In 2025, I see no legitimate reason to "harvest" email addresses rather than use social media when you don't have anything to offer yet.

The only way to offer anonymity and safety when exchanging physical assets is to create an escrow service or repository, such as that offered by Comex. That imposes additional delays and expenses in fulfillment. So all told, I'm not sure the business model is well-thought out.

Good input. thank you.

Trust none of what you hear and half of what you see.

 

[richc]

A solid move about $2700

 

[Varmint]

A solid move about $2700


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I’d really like to see silver above $32. Getting close.

 

[Varmint]

Gold is $35 from its all time high.

 

[ASHDUMP]

This is interesting.

Scottsdale Mint on Gab: 'The rise of BRICS Pay, gold-backed digital curren…'

Scottsdale Mint on Gab: 'The rise of BRICS Pay, gold-backed digital currencies, and new payment systems are challenging dollar dominance. Learn what this means for the future of global trade...

gab.com

 

[Varmint]

Nice stick save by gold and silver this morning. Gold dropped to $2729 and is back at $2750.

 

[Parker Schreiber]

Nice stick save by gold and silver this morning. Gold dropped to $2729 and is back at $2750.

. . . and back down again. Beware of a head-and-shoulders formation -- enough people believe in such things to make it so.

 

[Individualist]

To me the recent breakout looks a lot like 2008-11 going to 2k. Following that this time around I can see 4-4.5k within the next year or so. Further, if you look at the longer term 2011-2024 cup and handle then based on the duration and range ultimately I can see 6-7k before a drop to 5k.