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wagsthadog
Penny Pincher Member
USA
191 Posts |
 Posted - 08/13/2008 : 21:05:33
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Hi all,
I'm actually happy about it, but has anyone looked to see what even generic ozs of silver are going for on ebay?
You'd think it's armageddon- ASE's are still going for well over $19 each, and generics are pushing $18.
I guess Spot Market Price on Gold and silver is just a "suggestion."
wags
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fb101
Penny Hoarding Member
USA
894 Posts |
Posted - 08/13/2008 : 21:48:04
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I guess many people are just used to paying that now.
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A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing |
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moboman
1000+ Penny Miser Member
USA
1332 Posts |
Posted - 08/13/2008 : 22:24:58
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What? You can buy silver/gold somewhere besides ebay?!!! 
Maybe I should get some of my engelhard bars up on ebay. They seem to go well there. |
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one! |
Edited by - moboman on 08/13/2008 22:25:57 |
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kieblera5
Penny Collector Member
USA
331 Posts |
Posted - 08/14/2008 : 00:46:23
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quote:
Originally posted by moboman
What? You can buy silver/gold somewhere besides ebay?!!!
Maybe I should get some of my engelhard bars up on ebay. They seem to go well there.
Guess what I'm doing tomorrow! Hopefully, I can get 10.5x at most. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
An Obama nation is an abomination.
There's more money in one cent than in a dollar bill. |
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Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
Posted - 08/14/2008 : 02:22:32
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quote:
Originally posted by wagsthadog
You'd think it's armageddon- ASE's are still going for well over $19 each, and generics are pushing $18.
It worries me that so many people are thinking only in terms of "designer" silver instead of just plain 90 percent junk. It's like people who spend big bucks for brand-name food and wonder why they're out of groceries halfway into the month while their neighbor who stocked up on nothing but store brands has more than enough in the pantry until payday rolls around.
Here's the way I see disaster preparation in general and buying PM in particular: Most people are looking at long-term anything as the garnish and not the main course. And they're buying into--literally--all of this marketing crap that American Eagles are somehow "better" or "preferred" over just plain junk silver, which is just plain silver, which is all anyone NEEDS in the grand scheme of things. How many people are jumping onto the silver-buying bandwagon without understand WHY they should be buying silver, not just buying it because everyone else is?
Which makes me wonder if it's possible to educate the masses in this country about WHY they should be prepared without freaking them out and having them either ignore what we're saying or totally freak out? Which is what most of us on here are concerned with in general, but where is the line between attempts at educating people versus beating our heads against the wall?
</soapbox>
quote:
Originally posted by kieblera5
quote:
Originally posted by moboman
What? You can buy silver/gold somewhere besides ebay?!!!
Maybe I should get some of my engelhard bars up on ebay. They seem to go well there.
Guess what I'm doing tomorrow! Hopefully, I can get 10.5x at most.
Just got 40 1964 Kennedy halves on eBay yesterday for exactly 10.5x. |
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
Edited by - Nickelless on 08/14/2008 04:33:12 |
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Neckro
Penny Collector Member
USA
310 Posts |
Posted - 08/14/2008 : 19:17:03
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| haha. silvers at 13.50 |
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TenBears
Penny Hoarding Member
873 Posts |
Posted - 08/14/2008 : 19:22:30
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| Look at the 24 hour silver chart on Kitco. Silver was hanging in just a little above $14 then for some reason has dropped straight south. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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wagsthadog
Penny Pincher Member
USA
191 Posts |
Posted - 08/14/2008 : 19:25:03
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Hi all,
I hope silver goes to $1/oz. Then I'll buy 200,000,000,000,000,000 ounces : )
wags |
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Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
Posted - 08/14/2008 : 19:33:12
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quote:
Originally posted by TenBears
Look at the 24 hour silver chart on Kitco. Silver was hanging in just a little above $14 then for some reason has dropped straight south.
Thanks for the heads-up. I'm making a major purchase on Friday. |
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
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kieblera5
Penny Collector Member
USA
331 Posts |
Posted - 08/14/2008 : 20:30:32
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| Just bought some 40 percenters 15 cents under spot. The dealer was trying to get rid of them cause no one else wants them. So I bought $100 or 200 coins for 400 bucks. All in great condition too. Some have to be at least ms 60. |
Democracy is being allowed to vote for the candidate you dislike least.
Never argue with an idiot. They will drag you down to their level and then beat you mercilessly with experience.
An Obama nation is an abomination.
There's more money in one cent than in a dollar bill. |
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Cody8404
Penny Collector Member
USA
340 Posts |
Posted - 08/14/2008 : 20:35:40
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Just got an update from Apmex showing silver less than $12.50 oz. I think the price is dropping enough the sellers are going to stop selling before they loose too much. This is turning into a artifical low and the dealers know it.
This is time to buy, if you can. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Ant
Penny Collector Member
402 Posts |
Posted - 08/14/2008 : 20:36:23
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| I just placed an order at Apmex, first evah with them. *fingers crossed* |
"No, man. You gotta keep goin'. What am I gonna do? Quit? That's not an option. Life's a garden. Dig it? You make it work for you. You never give up, man. That's my philosophy." --Joe Dirt |
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natsb88
Penny Collector Member
USA
483 Posts |
Posted - 08/14/2008 : 20:42:42
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quote:
Originally posted by Ant
I just placed an order at Apmex, first evah with them. *fingers crossed*
I think you'll be pleased. My mother just placed an order earlier this evening. I think she got the very last of the generic silver . It disappeared right after we placed her order. |
Nate
www.coppercave.com |
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HoardCopperByTheTon
Administrator
USA
3602 Posts |
Posted - 08/14/2008 : 20:53:03
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| Silver and gold are both dropping. Has anyone else noted that the premiums over spot seem to be increasing as the price drops? I was quoted $40 over spot for 1oz gold coins yesterday. Should be really interesting to see what gold and silver are actually trading for at the coin show this weekend. What kinds of spreads are you guys seeing for silver and gold coins? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
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wagsthadog
Penny Pincher Member
USA
191 Posts |
Posted - 08/14/2008 : 21:49:29
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quote:
Originally posted by HoardCopperByTheTon
Silver and gold are both dropping. Has anyone else noted that the premiums over spot seem to be increasing as the price drops? I was quoted $40 over spot for 1oz gold coins yesterday. Should be really interesting to see what gold and silver are actually trading for at the coin show this weekend. What kinds of spreads are you guys seeing for silver and gold coins?
Hi there,
I'm seeing ridiculous spreads. Everyone's trying to jump ship and cover their losses!
It's the same old story- When silver's high, everyone wants it, and people charge way over spot. When silver's low, every coin under the sun is suddenly "rare and collectible" and people charge way over spot!
The only way to make money on silver is to take a pickax and mine it yourself!!!!!
wags |
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Ant
Penny Collector Member
402 Posts |
Posted - 08/14/2008 : 22:29:43
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quote:
Originally posted by natsb88
quote:
Originally posted by Ant
I just placed an order at Apmex, first evah with them. *fingers crossed*
I think you'll be pleased. My mother just placed an order earlier this evening. I think she got the very last of the generic silver . It disappeared right after we placed her order.
I ordered some of the Canadian stuff (not the maple leafs). I kept expecting it to disappear while still in my cart. I was pleasantly surprised to see it was still there at checkout! |
"No, man. You gotta keep goin'. What am I gonna do? Quit? That's not an option. Life's a garden. Dig it? You make it work for you. You never give up, man. That's my philosophy." --Joe Dirt |
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GhettoGold
New Member
USA
18 Posts |
Posted - 08/15/2008 : 18:40:35
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| I believe we are at the time when all metal investments will be cast into doubt. The proper thing to invest in, it seems, for at least the next thirty years anyway (as foreseen by the Department of Defense - see also, Agenda 21) with escalating riots from about 2010 onward, we need to be investing in what's needed to survive. That means water and food and the means and wit to gain these elements independently, in the face of this increasingly interdependent world. |
www.cuttingthroughthematrix.com --- Clearing the rubbish from the road to reality. |
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Flbandit
Penny Collector Member
USA
428 Posts |
Posted - 08/16/2008 : 13:08:36
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| Yeah, I talked to my buddy at the Flea Market today. Being a small time dealer, all of his inventory is higher priced silver. So, he has to either sell way above spot, or wait for the price to come up. I ended up with a pretty nice Peace Dollar, terrible price from a hoard perspective, but not bad from a collector standpoint. Anyway, I feel the price will rise. |
Are you throwing that out? |
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kavajava
Penny Collector Member
USA
487 Posts |
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fb101
Penny Hoarding Member
USA
894 Posts |
Posted - 08/16/2008 : 15:04:01
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quote:
Originally posted by wagsthadog
Hi all,
I hope silver goes to $1/oz. Then I'll buy 200,000,000,000,000,000 ounces : )
wags
If you can afford that much silver, can I be your chief of police? |
A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing |
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Neckro
Penny Collector Member
USA
310 Posts |
Posted - 08/16/2008 : 23:14:39
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| I don't even think there is that much money on this planet.. Let alone that many ounces.. |
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derrickvanderwall
Penny Sorter Member
25 Posts |
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Nickelless
1000+ Penny Miser Member
USA
1340 Posts |
Posted - 08/28/2008 : 08:30:17
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Welcome to the board, Derrick. My personal advice would be to go for 90 percent junk coins instead. There's a lot less of a premium on them, plus everyone knows what they are.
When it comes to 90 percent silver coins, most people know about 90 percenters and know their silver content, whereas they might question whether the .999 bars, rounds, Eagles, etc., are in fact silver. Very few people would try to counterfeit 90 percent coins. |
Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com |
Edited by - Nickelless on 08/28/2008 21:57:32 |
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legacypac
Administrator
Canada
1653 Posts |
Posted - 08/29/2008 : 01:57:24
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| I was looking around and stumbled on ebay.com.my eBay malaysia. Would you believe they have an active market in silver at about $30 an ounce!!! ASE's, silver coins, bar and whatever all WAY over melt. Makes me want to set up sales before I go there next time, and just mail all the silver when I land. |
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Uh, silver DID drop, right?
