Varmint
NES Member
Costco if you have a membership and can catch a deal, they sell out online in a few hours. Otherwise try EBay from reputable dealers like JMB or Apmex.
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Gold and silver prices are down
- Thread starter Rider
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Costco if you have a membership and can catch a deal, they sell out online in a few hours. Otherwise try EBay from reputable dealers like JMB or Apmex.
BarnBuilder
NES Member
Walmart via Bullion Exchange
US MINT
Roll of 20 - 2024 1 oz Silver American Eagle $1 Coin BU
(4.7)4.7 stars out of 14 reviews14 reviews$607.61
SD Bullion
2024 1 oz American Silver Eagle Coin BU
0 reviews
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| Quantity | Check / Wire | Bitcoin | Card / PayPal |
|---|---|---|---|
| 1 - 19 | $33.34 | $33.68 | $34.73 |
| 20 - 99 | $32.84 | $33.17 | $34.21 |
| 100 - 499 | $32.44 | $32.77 | $33.79 |
| 500 - 1499 | $32.14 | $32.46 | $33.48 |
| 1500+ | $31.84 | $32.16 | $33.17 |
Varmint
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I see amazing deals on Craigslist and market place frequently .
Everyone is looking to sell. Because they are finally breaking even.
Varmint
NES Member
And because the last 300 times silver got near $26 it sold off back to $22.
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Your first order. They waive commission and mark up.
Spot price for gold eagle
Expect a phone call from a sales representative who wants to sell you more gold & silver. But kinda cool buying eagles at spot
First time orders only. One per household, one per lifetime.
Spot price for gold eagle
Expect a phone call from a sales representative who wants to sell you more gold & silver. But kinda cool buying eagles at spot
Nationwide Coin & Bullion Reserve
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First time orders only. One per household, one per lifetime.
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I hate to admit it. But I have several containers of silver coins I am losing money on , until silver hits 36 - 38 also... I learned my lessons.
Stick to silver eagles and gold eagles ONLY.
Buying bullion and/or paying 25% extra for things that look cool or make you feel cool is very stupid
You may never recoup the money (premium)
Why do you mention it? I was only looking at GDX. I don't expect GDX to stay up even now. This market giveth and it taketh away. I'm only regretting that I don't have the position in it that I had last week.
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0.87% 1 year
Vs.
11.44% 1 year
One invests in mining companies / mining businesses / mining equipment/ refining companies " intended to track the overall performance of companies involved in the gold mining industry."
The other is the future commodity contracts / closest thing to Troy ounce.
This is used by insurance and manufacturing companies to secure their contracts ,shipments , orders and insurance on it all. To protect movement in underlying commodity prices throughout manufacturing and shipping. Against price up or down. Forwards, futures , options
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Thank you for the replies, will take a look.
Varmint
NES Member
I mention it because it’s a sentiment driven disconnect with reality, and those always revert to the mean, often explosively.
Gold miners are making a killing at $2200 gold, and they’ve drastically improved their management, but investors haven’t noticed or don’t care, or don’t want to take money out of NVidia to buy a value stock.
Imagine if oil went to $200 and oil company stocks didn’t go up at all. cNBC would be all over that story.
Gold is now in a bull market and breaking out. Pullbacks in GDX are usually short and shallow in a bull market, so I’d stay in it.
Varmint
NES Member
Silver and gold go through long (8-10 year) raging bull markets followed by equally long stagnation or bear markets. You don’t want to buy them after they’ve gone up several hundred percent. Buy them when everyone hates them.
Varmint
NES Member
Gold miners benefit greatly from higher gold prices, and they’re benefiting from the drop in inflation.
But they’re stocks so they’re also influenced heavily be sentiment and momentum trading, and because they’re mining stocks, the massive shift toward passive investing hurts them. Almost none of the average 401k contribution goes to gold miners or commodity stocks in general.
Investing used to be about finding deeply undervalued sectors and stocks that have huge potential. Now it’s just about mindlessly pumping money into ETFs with no one captaining the ship.
Just for reference, here is where it was a year and a half ago.
It seems to be working for them at the moment, though it's easy to forget where the S&P and QQQ were just 5 or 6 months ago. This most recent run feels like forever.
Varmint
NES Member
Yeah it’s all Goldilocks right now, I think we’re in the eye of the hurricane.
Who’s dumping paper around 4am? Have we figured this out?
Varmint
NES Member
That’s 8 am in London, but the futures in London is already open. Maybe the banks who sell gold futures and options are just picking the thinnest market time and trying to drive it down.
Another question is who’s stepping in to support gold?
Win
NES Member
I put some money in First Majestic Silver this morning.
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It sucks there are so many rumors which are possibly true? About how silver prices are actively manipulated for the manufacturing/technology sector
richc
NES Member
Gold prices have been hitting record highs — here's why the rally is far from over
Gold prices hit a new all-time high recently, and there's still room for it to surge as some countries continue on a gold buying spree.
www.cnbc.com
Varmint
NES Member
I don’t personally believe silver is suppressed. But we do know JP Morgan does things like spoofing cause they got convicted of it. But that’s not suppression of the price it’s just cheating for profit.
And we know Wall St tanked the Hunt Brothers silver rally by changing the rules. That was a special case though, it was the Hunts manipulating the market.
Varmint
NES Member
Definitely Win buying AG. Gold does need a little pullback to build some momentum.
Profit taking as expected when new highs are made. We knew it would be volatile once $2100 was reached.
Benoit Gilsen at it again. Central banks want some cheap gold.
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Varmint
NES Member
Ole Hanson said in today’s podcast that in the last two weeks hedge funds have bought 250 tons of gold. That explains the gold rally if true.
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Wouldn't the real reason be the inflation remarks? Regardless of who is buying it?Ole Hanson said in today’s podcast that in the last two weeks hedge funds have bought 250 tons of gold. That explains the gold rally if true.
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All commodities should respond if inflation continues to not improve
Varmint
NES Member
Well first, commodity indexes like that don’t usually include gold or silver, they’re energy and industrial metals, maybe things like corn, wheat etc.
Gold is much more dependent on not inflation but real interest rates (bond rates minus inflation). Right now you have +2-3% real rates which should be very bad for gold which pays no interest.
So then why is gold at all time highs? It could be foreign central banks trying to get out of the weaponized dollar, or investors foreseeing stagflation, or worried about the US borrowing a trillion every 100 days, or all of the above.
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Bitcoin folks fleeing buying gold same with stocks.
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