Gold and silver prices are down

[Rob Boudrie]

This can help when buying from second-tier suppliers (i.e., places other than Apmex, Provident, etc.) -

http://thefisch.com/

 

[Varmint]

I think the Chinese market crash has finally hit precious metals. Probably will go down a lot more since China's stock market slide shows no signs of stopping. And when margin calls start it'll get really ugly. For some reason China hasn't really started up the margin calls, probably another effort to stop the crash.

 

[cockpitbob]

Anyone's crystal ball have an opinion on what will happen to PMs when the Greece shit show hits the fan?

 

[not new guy]

Anyone's crystal ball have an opinion on what will happen to PMs when the Greece shit show hits the fan?

They'll all be fine. The silver might tarnish if exposed to moisture or humidity, but the worst you have to worry about with gold is it getting a little dust on it.

 

[Dan in MA]

Still dropping...now $14.83 with volume. 52 week low is $14.72.
I bought some this morning at $15.20 and thought I was a genius.

 

[Varmint]

Anyone's crystal ball have an opinion on what will happen to PMs when the Greece shit show hits the fan?

I don't think it'll affect metals that much. When people thought the Fed was raising rates soon, silver and gold were going down, now that the Fed rate rise seems put off til December or later, silver and gold should be going back up, but I think the China selloff is what's hurting prices now. Greece has had almost no effect on metals the last week.

 

[CoastieRon]

Still dropping...now $14.83 with volume. 52 week low is $14.72.
I bought some this morning at $15.20 and thought I was a genius.

Now I'm getting ready to buy and JM is not loading on my browser... LOL

 

[Romokid]

Now I'm getting ready to buy and JM is not loading on my browser... LOL

It took a while for it to load for me too, but bullionexhchanges actually had a better price than JM this time. (on ASE's)

 

[Canndo]

I just had to cancel an Apmex eBay order I placed 15 minutes ago. The price for 20 SE's went up $20 from the advertised price, when I checked out. I ordered 40. That would have been $40 more than i was initially going to pay. Glad I looked at the final price.
Gotta be quicker next time.

 

[Mr. Gold]

APMEX has silver eagles for $367. Think I'll use my Ebay gift cards on it.

http://www.ebay.com/itm/14152811168...um=email&utm_campaign=2015-6-26-eBay-4-offers

Current price is $384.91, up she goes.

 

[Varmint]

Current price is $384.91, up she goes.

Yeah, I'm waiting for another special price, where it's typically $2.09 above spot or so.

 

[Canndo]

Current price is $384.91, up she goes.

Yup. It was $363 an hour ago.

 

[Varmint]

Yup. It was $363 an hour ago.

Back to $364 - now a Special price, which is $3.09 over spot, which isn't special at all!

http://www.ebay.com/itm/141528111687?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT

 

[Canndo]

Back to $364 - now a Special price, which is $3.09 over spot, which isn't special at all!

http://www.ebay.com/itm/141528111687?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT

I saw that. I contacted eBay. They denied canceling my order, so I've got an email in to Apmex now, asking them to give it to me for $364 or cancel my order. We'll see.

 

[Canndo]

Dear xxxxxxx,

Thank you for your inquiry. APMEX Bullion Center does not offer cancellation policy. Our management has cancelled your ebay order for one time exception only. Please allow 1-3 business days for refund to be processed via Paypal. ‘

Thank you and have a good day!

APMEX Bullion Center on eBay Customer Service

 

[Varmint]

Be patient man, it's not a good price even at $364. I'm itchy too but waiting.

 

[Canndo]

Be patient man, it's not a good price even at $364. I'm itchy too but waiting.

Not a fantastic price. I've bought higher and lower. I just don't like not being charged the price I entered into the transaction expecting to pay.

 

[enbloc]

.

 

[CoastieRon]

Very good day...locally and in-hand.

I still need to get out and find a good local dealer in the Nashua area.


Sent from my iPad using Tapatalk

 

[headednorth]

This can help when buying from second-tier suppliers (i.e., places other than Apmex, Provident, etc.) -

http://thefisch.com/

Or even places like Apmex and Provident. Trust, but verify I say.

Great link. The Ringer was pretty impressive. I wasnt expecting such a pronounced difference in tone. Like night and day.

 

[enbloc]

.

 

[Varmint]

Gold 1 oz American eagle for $1211. These US coins never qualify for Ebay bucks, at least from Apmex, so I think it's a good price if you want an Eagle instead of a Maple Leaf or world coin.

http://www.ebay.com/itm/14152342436...&utm_campaign=2015-7-10-eBay-2-product-offers

And if you're desperate, silver Maple Leafs (25) for $453. Silver seems too high over spot right now, maybe cause the US mint announced it's sold out?

http://www.ebay.com/itm/12153204467...&utm_campaign=2015-7-10-eBay-2-product-offers

 

[Mr. Gold]

And if you're desperate, silver Maple Leafs (25) for $453. Silver seems too high over spot right now, maybe cause the US mint announced it's sold out?

http://www.ebay.com/itm/12153204467...&utm_campaign=2015-7-10-eBay-2-product-offers

I'll stick with the beautiful bold Eagle. Can't get myself to pay for anything with that Ugly bucktooth (sorry Brits) "royal" old hag's mug on it.

 

[sacksjacked]

I'll stick with the beautiful bold Eagle. Can't get myself to pay for anything with that Ugly bucktooth (sorry Brits) "royal" old hag's mug on it.

nothing wrong with those maple leafs at all.

 

[enbloc]

.

 

[not new guy]

Just in case anyone thinks a bank safe deposit box is a safe place to stash your cash or PMs.

“Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place”, Nadia Valavani, a Deputy Finance Minister in Greece told local television station according to a Reuters report.

http://www.zerohedge.com/news/2015-07-14/greeks-can’t-tap-cash-gold-silver-bank-safety-deposit-boxes

 

[ToddDubya]

I thought what you kept in a safe deposit box was your business and your business alone (barring plutonium and yellow cake).

 

[not new guy]

I thought what you kept in a safe deposit box was your business and your business alone (barring plutonium and yellow cake).

I believe the IRS and maybe others can get at it with a judicial order. Not sure how it would play out in a crisis over here though, but at minimum I'd have a hard time trusting a place that can lock the front door and only let you in when they decide they want to, or when the government decides they can reopen and on what terms.

I think the legends of the feds confiscating stuff out of safe boxes back in the 1930s are all BS though.

 

[Mr. Gold]

Maybe this was posted, just in case:
I like http://www.ebay.com/itm/2015-20-Coi...087?pt=LH_DefaultDomain_0&hash=item4aecfe94af

IMO, Better than APMEX:
they go as $5-12 less per a 20Oz pack when compared to APMEX

they ship with FedEx express (rather than USPS standard)- USPS likes leaving notes in the mailboxes to later be picked up at the post office, while FedEx actually delivers whatever package it is, to our door.

 

[rep308]

Dumb question. How do you assure yourself that the sealed monster box of silver coins is not a box of rocks. Does a monster box loose value if you open it?