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Gold and silver prices are down
- Thread starter Rider
- Start date
Don’t forget that tomorrow the $1.9 trillion dollar turd the Dems are pushing through on a party line will be a go!November low in gold held, and silver held up as well.Tomorrow will be huge cause it's weekly and monthly close.
Varmint
NES Member
Don’t forget that tomorrow the $1.9 trillion dollar turd the Dems are pushing through on a party line will be a go!
Just the House vote tomorrow I think?
I think if rates keep going up, the stock market may sell off until Powell comes to the rescue.
You’re right. It actually passed the Senate a few weeks ago procedurally. It goes to the House and then back to the Senate for the next couple weeks or sooner before Xiden’s signature.
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Varmint
NES Member
$1690-1700 is the line in the sand for gold - seems like we stopped around $1716 but don't think that level has any meaning, so I think we're not done selling off.
Only the paper market can give you steep price selloffs when there's so much demand the supply can't keep up. Use it as a golden buying opportunity in PMs and miners.
Well it's not an opportunity in physical cause the price hasn't dropped at all. But it's an opportunity in miners or things like PSLV/PHYS.
Only the paper market can give you steep price selloffs when there's so much demand the supply can't keep up. Use it as a golden buying opportunity in PMs and miners.
Well it's not an opportunity in physical cause the price hasn't dropped at all. But it's an opportunity in miners or things like PSLV/PHYS.
Great deals today!
Varmint
NES Member
Oh yeah, hopefully this is the bottom, or close to it, cause I loaded up yesterday and today. I have a little cash left for silver stocks which haven't really sold off (and may not sell off since the silver supply is non existent).
I have a few limit orders for miner stocks and paper. Thought I would get them but not dipping enough. They are GTC orders so maybe... We will see. So far I have lost about $60 since getting in the market. I bought a few REIT that went south after buying...
Varmint
NES Member
What are you trying to buy? Gold stocks were bottoming big time Friday, if your orders aren't getting triggered they're probably too low. If gold stocks go much lower it's probably bad news - but you could have a violent V bottom that is over in like a day.
Silver and silver stocks haven't sold off that much, they were much lower last month.
My buy limit is probably too low. Again, testing the waters.... waiting for the sharp V to score a few!
not new guy
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Wow, physical gold prices really haven’t tracked down with spot.
Op-ed: A digital dollar would help the U.S. and its allies keep China in check
U.S. officials this week offered their most full-throated endorsement yet of a digital dollar. Meanwhile, China has accelerated efforts for a digital currency.
Varmint
NES Member
Op-ed: A digital dollar would help the U.S. and its allies keep China in check
U.S. officials this week offered their most full-throated endorsement yet of a digital dollar. Meanwhile, China has accelerated efforts for a digital currency.www.cnbc.com
Its the only way to get your interest rates below like -1%. At -2% nobody will put their money in a bank. But if we have a digital dollar they can take the 2% right out of your account.
Varmint
NES Member
Covid hampered production at the mints and retail demand has been sky high.
But since the spot price is for 100 oz bars those should be available around spot, but it takes time to melt those down into retail coins. I’ve been hearing there’s a shortage of 100 oz bars too. Don’t know if that’s true, if so it’s just more evidence the spot price is manipulated.
Individualist
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Ultimate control of a slave nation.Op-ed: A digital dollar would help the U.S. and its allies keep China in check
U.S. officials this week offered their most full-throated endorsement yet of a digital dollar. Meanwhile, China has accelerated efforts for a digital currency.
So do you guys feel a 20 stack from Apmex for $818 is a decent deal right now in consideration of what is coming down the pike? Wish I bought one during NY’s when that same stack was $440 
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I think so. Better to have now than wish or want later
richc
NES Member
So do you guys feel a 20 stack from Apmex for $818 is a decent deal right now in consideration of what is coming down the pike? Wish I bought one during NY’s when that same stack was $440
Nope, I would not pay that.
ETA: That's about a 50% premium over spot. Effing crazy IMHO. Silver would need to rise 50% for you to break even.
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A couple of weeks ago I bought 5 tubes of ASE for $36. per coin from Boston Bullion. He is now listing them for $35.27.So do you guys feel a 20 stack from Apmex for $818 is a decent deal right now in consideration of what is coming down the pike? Wish I bought one during NY’s when that same stack was $440
Give him a call. he usually will answer his phone on Sundays. 781 710 8419
Varmint
NES Member
So do you guys feel a 20 stack from Apmex for $818 is a decent deal right now in consideration of what is coming down the pike? Wish I bought one during NY’s when that same stack was $440
Buy PSLV now and trade it later for ASEs when premiums are back to normal.
Will do. That’s a sound plan.
richc
NES Member
So he charges $7.50 over spot plus a 3% broker fee but pays below spot for ASE's.
Hmmmmm............... excellent margins if you can get them.
Sell Gold Silver & Precious Metals Bullion to Boston Bullion
Details on selling your gold or silver bullion to us. We buy a large variety of precious metal coins and bars - see our extensive list or call for a quote.
bostonbullion.com
Varmint
NES Member
So he charges $7.50 over spot plus a 3% broker fee but pays below spot for ASE's.
Hmmmmm............... excellent margins if you can get them.
Sell Gold Silver & Precious Metals Bullion to Boston Bullion
Details on selling your gold or silver bullion to us. We buy a large variety of precious metal coins and bars - see our extensive list or call for a quote.
Right now vendors have to pay a premium to the mints to get inventory so he’s not just scalping.
There’s reportedly a month long wait for 1000 oz silver bars as well, which makes it strange that the spot price is going down.
richc
NES Member
My argument is how he's offer 50 cents below spot but charging about $8.50 over spot. That's a very steep spread. I would imagine one could do better if you shopped around.
Varmint
NES Member
Yeah but he’s cheap compared to the big vendors charging $15 over spot. There’s just no supply so they jack up prices on what they have. Like gaming video cards which are 100-200% over MSRP right now.
But the Fed assures is they don’t need to raise rates cause inflation is 1% as they calculate it.
![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
Buy 2017 Tubes of 20 oz Congo Silverback Gorilla 1 oz Silver Coins fine silver coins by Scottsdale Mint
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Very long wait for them to make and deliver, so if you are in a hurry buy somewhere else or try their ebay store.
They are supposed to be issuing a coupon in early March if you want to or have to wait.
They have an account on gab.
Boom! My daugter said, "do you think there are people at the end of the rainbow getting gold? Dad, did you go to the rainbow?"
It made me chuckle.
Her hand [with cookie].
It made me chuckle.
Her hand [with cookie].
Haha those look smaller than I thought they would.
I have purchased a lot from these guys going back to 2010. They always deliver and have good service. Their Gab account is gold. Always give you an inside peek to the metals market.Buy 2017 Tubes of 20 oz Congo Silverback Gorilla 1 oz Silver Coins fine silver coins by Scottsdale Mint
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Very long wait for them to make and deliver, so if you are in a hurry buy somewhere else or try their ebay store.
They are supposed to be issuing a coupon in early March if you want to or have to wait.
They have an account on gab.
No gab account needed to keep up with their thread. Looks like they got their stacker press working again....
They are a mint who mints currency for other nations.
Scottsdale Mint (@ScottsdaleMint) · Gab.com
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Varmint
NES Member
Seriously don’t breathe that in, that’d suck!
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