ECON Hey Gang! Silver is Over $21!

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Dozdoats

On TB every waking moment
And Au is up 19.80 this morning, fwiw. It goes up, it goes down, it goes all around.

Still looking for whatever happening in meat world caused the pop in Au .... who knows.
 
D

Dozdoats

On TB every waking moment
No, he means when the FRN$ goes so low, you have to dig to find it. What MMT is doing, in other words.
 
WFK

WFK

Senior Something
BassMan said:
Did PMs go up, or dollar down?
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According to KITCO, just now:
Silver up 0.47% due to USD weakness, up 5.14% due to normal trading
Gold up 0.47% due to USD weakness, up 0.59% due to normal trading.
 
Hfcomms

Hfcomms

EN66iq
Paper silver can print $5, $20 or $100 for all I care. I have the same number of ounces at any print. I value my holdings in ounces and not dollars. As the FRN continues it’s slide into oblivion sooner or later everyone else will come to realize what many of us have known for years.
 
coalcracker

coalcracker

Veteran Member
Physical silver coins have not been widely available at the local shop near me in central PA. Back in January, the coin store owner picked up a large amount of quarters/half dollars.
He asked if I wanted any.
I said, "Yes, I'll take them all."
Since then, he either isn't getting any, or he isn't selling any. He has silver rounds, and some Silver Eagles, but no quarters/half dollars. He has a few silver dimes.
 
D

Dozdoats

On TB every waking moment
If you sold it to an individual, possibly. If you sold it to a dealer, you would get whatever that dealer's "spread" dictates, but less than spot.

And if you keep it, you'd still have an ounce :D
 
T

Troke

On TB every waking moment
BassMan said:
You mean that thing where the $ is no longer the global reserve currency? Where the buying power of the $ goes to “crap”?
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Yup! And the True Gold Bug thinks that the world will realize the error of its ways and go on a gold standard of some type.
 
coalcracker

coalcracker

Veteran Member
...and the spreads can vary.

Supply/Demand is always a factor. The coin dealer wants to move product both in and out of his business. He is ok with volatility, but he needs both supply and demand.

I'm wondering if the supply side will be able to keep up.
 
20Gauge

20Gauge

TB Fanatic
Dozdoats said:
And Au is up 19.80 this morning, fwiw. It goes up, it goes down, it goes all around.

Still looking for whatever happening in meat world caused the pop in Au .... who knows.
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Some one took the day off and his replacement wasn't as good a pushing down prices.
 
D

Dozdoats

On TB every waking moment
Some one took the day off and his replacement wasn't as good a pushing down prices.

That usually happens on Friday :D
 
Ractivist

Ractivist

Pride comes before the fall.....Pride month ended.
What will it be Jan 1? Forty five dollars or higher is my guess. If it's ever gonna go, it will be after the chaos of this next election and the realities of the worlds economic foundation, let alone just ours. Then expect it to climb for a period of time, till there's no one who can buy it and real tangible items prove their weight in gold.
 
E

Earshel

Contributing Member
Just picked up a few more ounces. I've been collecting the Envela covid bars and I totally neglected to purchase the July version. Just picked up my 2 and instead of the $230-$235 I should have paid, I ended up paying $260 each. Oops.
 
E

Earshel

Contributing Member
The Cub said:
Check out MONEX Live Prices:

America's Trusted High Volume Gold & Silver Dealer | Monex

Call 800-997-7859 to learn why Monex has been America's trusted, high volume precious metals dealer for 50+ years. Great Prices. Superior Quality. Call Now!
www.monex.com www.monex.com
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Monex is reporting a slightly higher price than Kitco. Do you happen to know what the reasoning behind that is? I've always looked to Kitco for my silver spot price.
 
The Cub

The Cub

Behold, I am coming soon.
I do not know, but can confirm the dealers I know use Kitco.

Monex is the only dealer I know that publishes prices of Physical as well as the mythical Spot prices.
 
E

Earshel

Contributing Member
The Cub said:
I do not know, but can confirm the dealers I know use Kitco.

Monex is the only dealer I know that publishes prices of Physical as well as the mythical Spot prices.
Click to expand...

Gotcha'. That's good to hear. I'll keep looking to Kitco then, but it is nice to have another resource to compare them to. Cheers!
 
The Cub

The Cub

Behold, I am coming soon.
Dozdoats said:
Do they solicit?

They ANNOY. At least they did years ago.

On the other hand, if you are lonely ... :D
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What do you think about their posted prices? How reliable are their prices of physical vs. monitoring ebay, etc.?
 
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