- Joined
- Sep 10, 2009
- Messages
- 41,857
- Likes
- 79,505
100th Page!
If you enjoy the forum please consider supporting it by signing up for a NES Membership The benefits pay for the membership many times over.
The way I feel about emerging economies, is similar to how you feel about PMs - nearly everyone is out of the emerging markets, speaking poorly of the EM, and we are therefore near the bottom. Maybe we aren't at the bottom but I don't feel like we have much farther to fall. With that said, my instincts about equities investing are nearly always wrong so don't let me change your mindYeah I might sell mine and put the money into something which is down but is actually worth owning.
Yeah I don't understand the dollar rally.
At some point fear will drive people into PMs.
It's amazing how we can't even sustain short dead cat bounces/rallies. I think we're headed for $1140 gold, maybe lower. I'm gonna buy as much as I can (mining stocks, and some physical gold/silver) around $1140 in case that's the bottom.
I think the dollar could be headed to $100 or even $120, but I don't think that'll drive gold lower since the dollar rally will be due to a global fear/contagion trade, not a strong US economy. At some point fear will drive people into PMs.
Yeah I don't understand the dollar rally. I just keep buying PMs when I have some extra money. I don't really wait to try to find the bottom or stop buying when I think we are the top. I just buy when I have extra money.
The one change to my buying habits that I'm likely to make if prices continue to fall is that everyone at the Win residence will be receiving PMs for Christmas . Santa will not be brining any toys this year - only PMs .
We are not there yet. You will see a sharp rally in the US Dollar before you can see a meaningful bottom in PMs. All will flock to the US Dollar, spiking it up. Just look at what's going on in Turkey and Iran. I have co-worker who just got back from Turkey and he said people are buying USD with their Lira left and right, fearing further depreciation of their currency. Same going on in Iran with their currency. We are not there yet but you will know it when you see the USD spike hard and become a bubble. At that point I would back the truck up on PMs and Miners. That's my .02
Screw the toys for X-mas. PMs for X-mas gifts are a brilliant idea
Picked up a nice englehard 1oz silver bar with cool patina and a Morgan 1880 S in uncirculated MS63 condition for $60 cash. Thought it was a very fair deal. Might even have made out .
It depends. There are Morgans that sell for barely above spot and those that sell for tens of thousands due to numismatic value. The value on the former will more closely track spot, but high MS key date Morgans do not become less scarce when spot declines.Do things like Morgan silver dollars go up and down with the spot price, like are they selling cheap now cause silver in general is doing poorly?
Yeah, but good luck trying to sell it for that . There is a difference between "valued at" and "what brokerages are offering". In the $150 range, "Valued at" often means what an individual retail buyer might pay, not what you can easily liquidate it for. Once you get into serious collecting you start tracking value by looking at what similar specimens sold for at name brand auctions like Stacks or Bowers.it is now valued at $150
Do things like Morgan silver dollars go up and down with the spot price, like are they selling cheap now cause silver in general is doing poorly?
Morgans and Peace dollars don't track well with spot. People want silver dollars because they're cool and big, not because they have 0.7xx oz of silver.
Only their melt value goes up and down with Spot. I.e. "junk" silver
Numismatists don't care about Spot. Well, not as much as condition, uniqueness, rarity.
Yeah, I understand a $50 coin might have only $15 of silver in it, but does the value go up and down in silver bull/bear markets? Like right now silver is in a bear market - are these rare coins cheaper than usual?
In terms of coin grading, which grading service do you prefer? Thanks
Closed for the weekend at 14.06! Should I make a big silver purchase this weekend or do you think it' going $13s next week?