| Author |
 Topic  |
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 09/17/2009 : 00:43:14
|
| I haven't been paying attention to Gold spot. Been nice. |
Trolling is an art. |
 |
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/19/2009 : 22:00:00
|
At the show today the top buyer was paying 11.6x for silver. Somehow I was able to buy a bunch of 90% (mostly mercuries, Franklins and a few walkers) for 11.5x, even though Neckro beat me to the show.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 09/19/2009 : 22:12:14
|
| Haven't been buying bro. My car alone put me back 1k this month. |
Trolling is an art. |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/20/2009 : 09:08:16
|
Ouch.. might be time for a new car.
I checked out a Nissan GTR the other night. Really nice car.. 480HP. But I couldn't quite rationalize the purchase. I should have test beat it.. I know the salesman wanted to go for a ride.
I also had some good luck with 1oz rounds.. bought 16 of them from one guy for $15 each and flipped 15 of them at $17 to another guy 10 minutes later. I also got a really cool looking small 1oz bar for $17. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 09/20/2009 : 17:31:02
|
SILVER at $16.72 down 26c. It looks like it wants to go LOWER.
SILVER in weak hands could be selling in panic soon.
 |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
Edited by - Country on 09/20/2009 17:39:43 |
|
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/20/2009 : 17:47:05
|
| I would like to see it dip down to where I can buy at 10X or LESS. I am not ready to sell. |
You don't have to be the BEST you just have to be.......SLICK
|
|
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 09/20/2009 : 17:53:43
|
quote:
Originally posted by slickeast
I would like to see it dip down to where I can buy at 10X or LESS. I am not ready to sell.
I don't think we are going to see $14 SILVER. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
|
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 09/22/2009 : 09:51:20
|
That little price dip did not last long. Gold back up to $1015, and Silver to $17.10. This little PM run is pretty nice, but my personal feeling is that it will become range bound for a little while. Overall, and long term, I think we all agree that PM's have a much higher ceiling.
I've been working on some historical price comparisons that is hopefully going to tell me whether a certain commodity is over or under valued in relation to a basket of related commodities. For example, I load the database with historical prices over a certain time period, and then calculate a resonable price expectation based on the data.
My current analysis says that if the historical averages from the past 80 years were considered, then a fair price for Gold would be $648, Silver would be $40.53, and Copper would be $2.82.
|
goto the new and improved realcent: http://realcent.org |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/22/2009 : 11:25:27
|
quote:
Originally posted by Market Harmony
That little price dip did not last long. Gold back up to $1015, and Silver to $17.10. This little PM run is pretty nice, but my personal feeling is that it will become range bound for a little while. Overall, and long term, I think we all agree that PM's have a much higher ceiling.
I've been working on some historical price comparisons that is hopefully going to tell me whether a certain commodity is over or under valued in relation to a basket of related commodities. For example, I load the database with historical prices over a certain time period, and then calculate a resonable price expectation based on the data.
My current analysis says that if the historical averages from the past 80 years were considered, then a fair price for Gold would be $648, Silver would be $40.53, and Copper would be $2.82.
I'm not trying to poo-poo precious metals since I just recently put down over 3K into gold, but prices are only a reflection of supply and demand. Demand is currently being driven by fear that the U.S. dollar will continue to fall in value. I'm stating the obvious only because, in my opinion, we should remind new investors that investments in precious metals are not a 'sure thing' and they most certainly will not continue to go only up in value. Most of us tend to be 'buy and hold' investors. We are in it for the long term. But paper investors wouldn't think twice in selling PMs if they thought they could do better in porkbellies or anything else. They are in it for the short term and they control the spot price of the PM markets. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 09/22/2009 : 11:29:02
|
Its been quite a rollercoaster ride lately.
Do you think silver prices will skyrocket? Do you think we will be heading to $50 silver soon or will it take a while? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/22/2009 : 11:41:08
|
quote:
Originally posted by PennySaved
Its been quite a rollercoaster ride lately.
Do you think silver prices will skyrocket? Do you think we will be heading to $50 silver soon or will it take a while?
In my humble opinion it will still take a while. Current increases are based on future inflation fears and not the tight money we are in now. Any increase to anyting close to $50 wouldn't be substained for very long. Allow me to put it this way, if we had $50 silver tomorrow I would take the day off and sell. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 09/22/2009 : 12:09:15
|
quote:
Originally posted by Ardent Listener
I'm not trying to poo-poo precious metals since I just recently put down over 3K into gold, but prices are only a reflection of supply and demand. Demand is currently being driven by fear that the U.S. dollar will continue to fall in value. I'm stating the obvious only because, in my opinion, we should remind new investors that investments in precious metals are not a 'sure thing' and they most certainly will not continue to go only up in value. Most of us tend to be 'buy and hold' investors. We are in it for the long term. But paper investors wouldn't think twice in selling PMs if they thought they could do better in porkbellies or anything else. They are in it for the short term and they control the spot price of the PM markets.
Excellent points. Especially on supply/demand relationships. This is the nature of speculation, and exactly what I have been doing and redeveloping for my trading account. Speculation is one of the greatest things to a capitalistic society. There is always a fight going on amoungst market players.
In the case of PM's, one group focusses on inflation driving the price of PM's, another is looking at hard data (mining reports, historical pricing, industrial demand dynamics, etc.), and others are in it for the short term fluctuations. But each and every one of these players uses data (whether it's intuition or calculation based) to determine their separate speculation. In a PM bull market, you have 2/3 or more of the total group of speculators that think the price is going higher. Some will just buy and hold, others will evaluate the price and their data, and others will soley trade on price action. When everyone thinks the price is going higher, then the total demand shoots much higher. But as the price climbs, short term speculators get out and add to the supply of available stock, and the price acceleration declines, stops, or even reverses.
So this is what drives the price- the culmulative interests and valuations placed on the PM by all of the market players. Larger players have a bigger effect, obviously, but even the small fish have a chance to feed. Prices are influenced, not controlled, by the actions taken by the whole market. The participants are always trying to out-fox one another. Everyone has a different strategy. |
goto the new and improved realcent: http://realcent.org |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/18/2009 : 22:15:03
|
Interesting how as the spot price gets up there, it is easier to buy silver back of spot. I was able to pick up 90% at 11.6x at a show today.. about a point below melt price of 12.59x.
|
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
Topic |
|
Spot price discussion
Forum Locked
