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HoneyBadger
02-25-2014, 12:03
Same here, once a month, lately been using eBay...and APMEX...They have had some pretty good prices when they have a deal and free shipping.
I don't know anything about it, but I would be extremely hesitant to buy something like PMs from Ebay. What's to keep them from sending you fake or other garbage?
ChunkyMonkey
02-25-2014, 12:06
I don't know anything about it, but I would be extremely hesitant to buy something like PMs from Ebay. What's to keep them from sending you fake or other garbage?
No, most of my silver bought online. APMEX among others are a very good company. I wouldn't buy from a personal collection sometimes if he doesnt have few hundred feedbacks.
I don't know anything about it, but I would be extremely hesitant to buy something like PMs from Ebay. What's to keep them from sending you fake or other garbage?
The big PM vendors on eBay are merely an additional outlet for a large PM vendor with a brick/mortar store. It's no different than buying from Primary Arms via their eBay store, or buying from Primary Arms directly from their own site, just two roads to the same shop.
cableguy11
02-25-2014, 15:33
I don't know anything about it, but I would be extremely hesitant to buy something like PMs from Ebay. What's to keep them from sending you fake or other garbage?
Re-read my post...I have bought some on eBay with APMEX being the seller. I agree with what everyone else has stated. Same company just different road.
I buy mine from a store off Broadway and Littleton blvd. Text me if you need more info Ron. Buy a roll (20) a month for his best price.
I think I've been in the shop you're talking about. In a little shopping plaza on the south side of Littleton Blvd? I've been treated well there, and IIRC there's a much better sales tax there than in any Denver shops.
ChunkyMonkey
02-25-2014, 15:52
I think I've been in the shop you're talking about. In a little shopping plaza on the south side of Littleton Blvd? I've been treated well there, and IIRC there's a much better sales tax there than in any Denver shops.
Yep yep.. :)
Sent from my iPhone using Tapatalk
determining how to invest in precious metals is like anything else, very unpredictable. in the future they could be priceless or worthless, it depends. as has been said, the markets have been manipulated, and its pretty clear. additionally, its hard to predict how the government would treat gold or silver if the market truly sky rockets, as in, nearly all gold and silver are gone. its like investing in anything else, the big question is what will the government do about it? will they tax it? "reclaim" it like they did during the depression for peanuts?
determining how to invest in precious metals is like anything else, very unpredictable. in the future they could be priceless or worthless, it depends. as has been said, the markets have been manipulated, and its pretty clear. additionally, its hard to predict how the government would treat gold or silver if the market truly sky rockets, as in, nearly all gold and silver are gone. its like investing in anything else, the big question is what will the government do about it? will they tax it? "reclaim" it like they did during the depression for peanuts?
We all need to keep reminding Americans that they're free, and the government cannot "reclaim" something that was not theirs to begin with...
kidicarus13
02-25-2014, 16:44
We all need to keep reminding Americans that they're free, and the government cannot "reclaim" something that was not theirs to begin with...
Most of the country turned in their gold in 1933 (Executive Order 6102) and most will do it again if asked to. America 2014 is a lot less stand-for-what-you-believe than America 1933.
determining how to invest in precious metals is like anything else, very unpredictable. in the future they could be priceless or worthless
Disclaimer: I no longer own any gold. However, I can't recall ever reading about a time in history, as far back as records go, when gold has been worthless. We humans seem to think that yellow metal is worth something and I suspect that sentiment will outlive me.
HoneyBadger
02-25-2014, 21:39
The big PM vendors on eBay are merely an additional outlet for a large PM vendor with a brick/mortar store. It's no different than buying from Primary Arms via their eBay store, or buying from Primary Arms directly from their own site, just two roads to the same shop.
Re-read my post...I have bought some on eBay with APMEX being the seller. I agree with what everyone else has stated. Same company just different road.
Okay, now I understand. That sounds reasonable. Is there an advantage to buying from APMEX's eBay store instead of from them directly? Better pricing?
ChunkyMonkey
02-25-2014, 21:42
Most of the country turned in their gold in 1933 (Executive Order 6102) and most will do it again if asked to. America 2014 is a lot less stand-for-what-you-believe than America 1933.
I disagree.. Today, most Americans are selfish and in it for themselves compare to 1933. The society is so fractured nowadays compare to back then. The word trust and govt were still in the same sentence back then.
cableguy11
02-25-2014, 23:33
Okay, now I understand. That sounds reasonable. Is there an advantage to buying from APMEX's eBay store instead of from them directly? Better pricing?
Occasionally they have a daily special..for instance they had lots of 10- 2014 American Eagles for 224.99 free shipping and no tax...They don't have them all of the time but if you stay on the look-out you can find them. $266.40 if you ordered them today...and not sure if they charge shipping.
Gold is over $1350 this morning on Ukraine and other news. Silver is still under $22.
HoneyBadger
03-03-2014, 11:27
Picked up a roll of ASEs for $510. This is my first precious metal purchase. It's HB Jr's birthday present for his first birthday. :)
Good price for ASEs. Did you get them locally or from a reputable seller on Ebay?
HoneyBadger
03-03-2014, 11:46
Fleabay. They should arrive today. Seller was ModernCoinMart
Right on!!! :) MCM has a good rep. Aydin Coin is another one.
ChunkyMonkey
03-03-2014, 12:19
Fleabay. They should arrive today. Seller was ModernCoinMart
MCM is good.. now pay attention to EBAY's $50 off per one item after you starting to purchase item in larger $ amount. I bought a couple roll for $450 or less due to these EBAY specials.
HoneyBadger
03-03-2014, 12:35
How/where do I find the $50 off ebay special?
ChunkyMonkey
03-03-2014, 12:36
How/where do I find the $50 off ebay special?
I got it after I purchase a few big ticket items.
HoneyBadger
03-03-2014, 12:40
They email you and give you a coupon code or what? Are we talking about $1,000 or $5,000-$10,000 here?
ChunkyMonkey
03-03-2014, 12:45
They email you and give you a coupon code or what? Are we talking about $1,000 or $5,000-$10,000 here?
They show up in your Ebay inbox and copy to your email usually. I dont remember how much I had to spend to trigger this, or is it a holiday special thing. All I know.. so far I got 2 rolls of silver at $450 while market is at $500-510
I found this link just now from google..
http://community.ebay.com/t5/My-eBay/Where-can-i-get-the-50-coupon-i-sold-more-than-100-of/qaq-p/11018631
http://www.nintendoage.com/forum/messageview.cfm?catid=3&threadid=99089
RonMexico
03-03-2014, 15:42
They show up in your Ebay inbox and copy to your email usually. I dont remember how much I had to spend to trigger this, or is it a holiday special thing. All I know.. so far I got 2 rolls of silver at $450 while market is at $500-510
I'll buy one for $485[Beer]
Commodities (incl prec metals , and crude) spiking up pretty good past 5 days.
Silver has dipped under $20 an ounce.
Silver has dipped under $20 an ounce.
Yep, and it will likely trend down even more/faster in the next several weeks, or so says some of the prophets in the industry. I intend to start buying again this summer, either way.
<MADDOG>
03-24-2014, 23:47
http://www.theburningplatform.com/2014/03/24/the-fourteen-year-recession/
http://www.theburningplatform.com/2014/03/24/the-fourteen-year-recession/
Good read - thanks.
factors
-Speech from new fed reserve week ago.
-Price indexes (other than CPI, PPI)
-Neutral, Necessities, and inferior goods prices rising.
-No Wage inflation
-Long term unemployment, and underemployment.
-Artificially pumped (by massive increase in MS) corporate Top/Bottom line (Rev EPS)
I am screwed......
http://www.theburningplatform.com/2014/03/24/the-fourteen-year-recession/
Thank you for finding the article and posting the link.
Buy the dips, silver is under $20 again.
HoneyBadger
03-26-2014, 16:28
Buy the dips, silver is under $20 again.
[WooHoo]
<MADDOG>
03-26-2014, 19:22
http://i34.photobucket.com/albums/d108/pperron/20140326_putin_zps574887e5.png (http://s34.photobucket.com/user/pperron/media/20140326_putin_zps574887e5.png.html)
http://i34.photobucket.com/albums/d108/pperron/20140326_putin_zps574887e5.png (http://s34.photobucket.com/user/pperron/media/20140326_putin_zps574887e5.png.html)
Stand gold bar weights about 438oz.
$1306.50/oz (closing price)x 438oz = $572,274+prem
[dig]
<MADDOG>
03-26-2014, 21:48
Stand gold bar weights about 438oz.
$1306.50/oz (closing price)x 438oz = $572,274+prem
[dig]
Roughly 27.5 lbs for the challenged. [Beer]
With Russia buying 7 MT's very recently...(hence pic)
Vladimir, for all intents and purposes, has put NATO in a bad position. Why the gold?
Great-Kazoo
03-26-2014, 22:13
Roughly 27.5 lbs for the challenged. [Beer]
With Russia buying 7 MT's very recently...(hence pic)
Vladimir, for all intents and purposes, has put NATO in a bad position. Why the gold?
More govt's will accept it over the dollar, wouldn't you.
<MADDOG>
03-26-2014, 23:50
More govt's will accept it over the dollar, wouldn't you.
That's a financial adviser's position Great One ; therefor I abstain from comment...I am merely pointing out that the "former enemy" is buying a metric shit ton of gold. [Beer]
Gold is under $1300 now, silver is lower too, buy the dip.
I think that Russia, China, and maybe India are getting ready to vie for the title of World Reserve Currency; I think the Saudi's (OPEC) are looking to replace the petrodollar with something else.
Great-Kazoo
03-27-2014, 07:29
That's a financial adviser's position Great One ; therefor I abstain from comment...I am merely pointing out that the "former enemy" is buying a metric shit ton of gold. [Beer]
The move, IMO, is to replace or seriously destabilize the Dollar. This admin is more interested in amnesty for illegals, pushing the race card , telling women R's want to kill them by denying abortion services, you name it. Than what is happening on our doorstep.
The move, IMO, is to replace or seriously destabilize the Dollar. This admin is more interested in amnesty for illegals, pushing the race card , telling women R's want to kill them by denying abortion services, you name it. Than what is happening on our doorstep.
Destabilize the dollar, exactly what QE is doing. The current US debt is 17.5T, it will NEVER be paid off. PMs are one of a few vehicles that can be used to store real wealth for the long term.
HoneyBadger
03-27-2014, 08:20
http://www.zerohedge.com/news/2014-03-26/real-inflation-fear-us-food-prices-are-19-2014
Food prices are up 19% in 2014 alone...
http://www.zerohedge.com/news/2014-03-26/real-inflation-fear-us-food-prices-are-19-2014
Food prices are up 19% in 2014 alone...
Exactly.
Did wages keep up?
HoneyBadger
03-27-2014, 08:57
Exactly.
Did wages keep up?
Ha. It's almost funny. Actually it's not. It's downright depressing. I got a 1% raise, which was a cutback from 2% last year...
One of the reason's for the success of the USD is that USD is the world's reserve currency and oil is traded in USD, when other countries buy oil they have to convert their money into USD,
Looks like the Russians are going to take their next step - http://www.zerohedge.com/news/2014-03-27/russia-create-own-national-payment-system-bid-reduce-dependence-west
<MADDOG>
04-04-2014, 12:51
http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/
http://voiceofrussia.com/2014_04_04/Russia-prepares-to-attack-the-petrodollar-2335/
;)
Wall Street ain't gonna like that.
beast556
04-04-2014, 16:04
At least you got a raise, I got a 3$ an hour pay cut.OTE=HoneyBadger;1572265]Ha. It's almost funny. Actually it's not. It's downright depressing. I got a 1% raise, which was a cutback from 2% last year...[/QUOTE]
At least you got a raise, I got a 3$ an hour pay cut.
My income is down 90% from what it was 10 years ago, be happy you are only off $3/hour :)
HoneyBadger
04-05-2014, 21:01
My income is down 90% from what it was 10 years ago, be happy you are only off $3/hour :)
Sadly, based on real inflation figures, you are not alone.
World Spot silver dipped into the high 18s overnight, might be an interesting day today.
Great-Kazoo
04-24-2014, 06:57
World Spot silver dipped into the high 18s overnight, might be an interesting day today.
still running $21+ per oz OTC. If it takes a $2-4 dip i'm still fluid, in for the long haul.
HoneyBadger
04-24-2014, 08:40
still running $21+ per oz OTC. If it takes a $2-4 dip i'm still fluid, in for the long haul.
If it take a $2-4 dip, I'm doubling down.
If it take a $2-4 dip, I'm doubling down.
Me too :)
If it take a $2-4 dip, I'm doubling down.
Same. About the time I see $18 and under ask prices I'm starting some orders.
Great-Kazoo
04-24-2014, 13:06
If it take a $2-4 dip, I'm doubling down.
Me too :)
Same. About the time I see $18 and under ask prices I'm starting some orders.
Most definitely.
I may have to bring a wad of cash to the show Saturday. The preferred silver guy should be there.
hghclsswhitetrsh
04-24-2014, 15:59
I may have to bring a wad of cash to the show Saturday. The preferred silver guy should be there.
I never see him sell in the dips like this.
kidicarus13
04-24-2014, 16:14
I never see him sell in the dips like this.
And that's probably why he's still in business.
hghclsswhitetrsh
04-24-2014, 16:17
Yup. Completely understandable.
I never see him sell in the dips like this.
Good to know.
I've been dragging my feet getting in Silver and figured if any time is good, it might as well be now.
I need to get some 10oz bars if it drops that low.
Great-Kazoo
04-24-2014, 18:02
I need to get some 10oz bars if it drops that low.
1 10oz bar is hard to barter, or buy, with vs. coin.
I need to get some 10oz bars if it drops that low.
Stick with 1 or 2 oz bars and rounds. The few cent per oz difference in 10 oz bars doesn't offset how hard it may be to offload it later.
1 10oz bar is hard to barter, or buy, with vs. coin.
Stick with 1 or 2 oz bars and rounds. The few cent per oz difference in 10 oz bars doesn't offset how hard it may be to offload it later.
Agreed. Smaller denominations are easier to use, that is why "junk" silver is so popular.
10 and 100 oz bars would be handy if you were buying a motorcycle, car, or something like that.
Great-Kazoo
04-25-2014, 07:51
Agreed. Smaller denominations are easier to use, that is why "junk" silver is so popular.
10 and 100 oz bars would be handy if you were buying a motorcycle, car, or something like that.
Or bribing a newly appointed regional .gov official ;)
Yep. While at various times I have had 10oz and higher bars, I tend to stick with 5oz and smaller ingots and rounds. I even have 1/20th oz ingots that are half the size of my smallest finger nail, 1/10th oz dime size rounds, half oz, etc... it never hurts to have "change" at least when it comes to money/tender hahahaha. I know in some cases these small denominations had a somewhat large premium on them, but hey, they'd equate to a meal for one person if nothing else :)
Or bribing a newly appointed regional .gov official ;)
Just make sure they believe you have access to more and no you aren't going to tell them where it all is, so they don't take it and put you in the "reeducation camp" with all the rest of the peasants.
So what you all are saying is that it probably is at a low that we will not see for a while?
ChunkyMonkey
04-25-2014, 11:41
Or bribing a newly appointed regional .gov official ;)
They only accept gold kilo bar last I checked...
Great-Kazoo
04-25-2014, 12:15
They only accept gold kilo bar last I checked...
You're approaching them wrong.
Good to know thanks for the advice guys.
I never see him sell in the dips like this.
He was selling today. I bought 60 mixed oz. Rounds-Ingots-Eagles. He ran out of rounds and gave me the same price on the ingots.
http://img.tapatalk.com/d/14/04/27/e9asu3un.jpg
Sent from my subconscious mind.
HoneyBadger
04-26-2014, 20:27
Mind if I ask the price for it all? I understand if you don't want to kiss and tell. ;)
1296
456 for the eagles
Sent from my subconscious mind.
HoneyBadger
04-26-2014, 20:37
Nice. [Awesom]
BushMasterBoy
04-30-2014, 09:23
44175
rockhound
04-30-2014, 09:30
that coin is a waste of silver
Aloha_Shooter
04-30-2014, 19:39
that coin is a waste of silver
Agreed. The only thing it should be made of is tin ...
Agreed. The only thing it should be made of is tin ...
I vote wood.
BushMasterBoy
05-01-2014, 12:10
Silver is $18.96....talk in the Kitco silver forum is it is going lower.
HoneyBadger
05-01-2014, 12:29
...talk in the Kitco silver forum is it is going lower.
I'm sure it will go lower. It will continue to drop until several factors (like QE) become unsustainable and then the real value of silver will be known.
I'm sure it will go lower. It will continue to drop until several factors (like QE) become unsustainable and then the real value of silver will be known.
Agreed. I don't like to think about the value of my current PM holdings dropping, but the truth of the matter is it is and it will continue to drop... I don't plan to sell though, so what do i care? In the meantime, I watch the price and buy a little more when I think the time is right. Tactical dollar cost averaging...LOL (no fixed interval).
It's dropping because I bought in last week. :D
You're welcome.
P.S. Anyone need any PANIC priced "investment" AR's?
At what price does it become a big buy in?
<MADDOG>
05-01-2014, 16:34
At what price does it become a big buy in?
Anytime before this:
It will continue to drop until several factors (like QE) become unsustainable and then the real value of silver will be known.
<MADDOG>
05-01-2014, 16:56
I know some of you peruse ZH, and I seen this posted today. Someone did a big dump, and this is the reaction:
"According to Reuters, the CME, which at present has price fluctuation limits for futures contracts in some energy, agricultural commodities and financial products, but not for its precious and base metals products, is considering introducing daily limits on gold and silver futures.
"We don't have price limits in gold and silver. That's something that we are looking into," Miguel Vias, CME Group's director of metal products, said in a panel discussion at an industry event, in response to a question about how the exchange protects investors from excessive volatility"
This is a double-edged sword...Contain the volatility down or up?
Line to article: http://www.reuters.com/article/2014/04/29/cme-group-precious-idUSL2N0NL1JH20140429
http://i34.photobucket.com/albums/d108/pperron/20140501_silver_zps3bc8d235.png (http://s34.photobucket.com/user/pperron/media/20140501_silver_zps3bc8d235.png.html)
I know some of you peruse ZH, and I seen this posted today:
"According to Reuters, the CME, which at present has price fluctuation limits for futures contracts in some energy, agricultural commodities and financial products, but not for its precious and base metals products, is considering introducing daily limits on gold and silver futures.
"We don't have price limits in gold and silver. That's something that we are looking into," Miguel Vias, CME Group's director of metal products, said in a panel discussion at an industry event, in response to a question about how the exchange protects investors from excessive volatility"
This is a double-edged sword...Contain the volatility down or up?
Line to article: http://www.reuters.com/article/2014/04/29/cme-group-precious-idUSL2N0NL1JH20140429
The Zero Hedge article - http://www.zerohedge.com/news/2014-05-01/even-cme-getting-tired-silver-manipulation :)
<MADDOG>
05-01-2014, 18:07
Thanks Roberth; I like going to the source of the source! [Beer]
Thanks Roberth; I like going to the source of the source! [Beer]
You betcha. [Beer]
<MADDOG>
05-01-2014, 19:19
Back to point: the cynical side of me questions if this action may also be put in place to slow a collapse, as HB alludes to (and I don't disagree)...Maybe my tin foil is on too tight. [LOL]
I also find it odd most markets are flat, and PM's are down. Where's the money going?
baglock1
05-02-2014, 07:20
Anyone here have a preferred shop for junk silver in the Springs? The market is at the point where I want to add a few more ounces of junk to the safe.
sellersm
05-02-2014, 13:58
Anyone here have a preferred shop for junk silver in the Springs? The market is at the point where I want to add a few more ounces of junk to the safe.
Hallenbeck coin store, on Nevada near downtown.
Sent from my fat fingers using Tapatalk
baglock1
05-02-2014, 14:43
Hallenbeck coin store, on Nevada near downtown.
Any idea what they charge relative to spot?
sellersm
05-02-2014, 14:46
Depends. At least 2x face plus... Last time i was there it was a bit more than that for dimes. They do have price breaks for bigger orders, like >$400 or something like that. Give them a call, they're good folks.
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Firehaus
05-07-2014, 06:24
Interesting article on gold fixing.
http://mobile.nytimes.com/blogs/dealbook/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?out=http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/
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HoneyBadger
05-07-2014, 10:16
Interesting article on gold fixing.
http://mobile.nytimes.com/blogs/dealbook/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?out=http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/
Sent from my iPhone using Tapatalk
Interesting indeed.
I doubt anything will come of this.
BushMasterBoy
05-07-2014, 10:32
Been a few years since I bought at Hallenbecks. Last time I bought silver there, it was $2 over spot to buy and $1 under to sell. Most of my best deals are from eBay. Hallenbecks sells on eBay too...
I've been watching POS hover just over $19 for two days.
Some say it's heading for $15, others say this is nearly the bottom and it will shoot up in 30-60 days.
What are you all doing? I'm very tempted to pull the trigger on another 100oz.
Provident has rounds .75 over spot.
Should I just pick up a roll and see how POS plays out or grab it while I can?
Look into your crystal ball and help a brother out.
<MADDOG>
05-08-2014, 22:55
Stare at opinions all day. It will make you go blind like porn!
Anyway: my crystal ball is broken, but I'm buying...
As stated in this thread, do not look at gold/silver/other PMs as a short/long investment; look at as an long term insurance and/or hedge against inflation.
Interesting article on gold fixing.
http://mobile.nytimes.com/blogs/dealbook/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/?out=http://dealbook.nytimes.com/2014/05/05/banks-sued-on-claims-of-fixing-price-of-gold/
Sent from my iPhone using Tapatalk
Lots of interesting theories out there about price manipulations in the silver futures markets too.
HoneyBadger
05-09-2014, 08:39
I've been watching POS hover just over $19 for two days.
Some say it's heading for $15, others say this is nearly the bottom and it will shoot up in 30-60 days.
What are you all doing? I'm very tempted to pull the trigger on another 100oz.
Provident has rounds .75 over spot.
Should I just pick up a roll and see how POS plays out or grab it while I can?
Look into your crystal ball and help a brother out.
Stare at opinions all day. It will make you go blind like porn!
Anyway: my crystal ball is broken, but I'm buying...
As stated in this thread, do not look at gold/silver/other PMs as a short/long investment; look at as an long term insurance and/or hedge against inflation.
I buy a little bit here and a little bit there when I can afford it. If it climbs more than 400% from here any time in the next year or two, I'm selling, assuming the climb is not because of hyperinflation or something obvious. I would immediately use the selloff money to pay off or pay down my debt and purchase other commodities.
Of course, if we do hyperinflate, I'm sure as hell not paying off my debt... I'll let it inflate away. [Tooth]
I agree with badger on this, if hyperinflation happens I'm not paying any of my debts.
HoneyBadger
05-09-2014, 10:20
I agree with badger on this, if hyperinflation happens I'm not paying any of my debts.
Well, I guess I should clarify. I'll pay off my debts alright... with worthless dollars!
[Coffee]
If the 3 day trend continues, we're going to go below 19 when Hong Kong opens for trade.
How lowww will it go?...
Brutal - do you get your silver from the guy next to Mike Cole Holsters at the Tanner?
Brutal - do you get your silver from the guy next to Mike Cole Holsters at the Tanner?
No, he was higher than the "Silver Guy" but I didn't haggle.
If it dips below 19, I'm probably going to order some online before the next show. Provident is .75 over spot (4.19%) and after shipping is about the same as the Silver Guy.
sellersm
05-16-2014, 12:07
Here's an interesting 1oz silver: bullets! (I'm not affiliated with SilverTowne)
http://www.silvertowne.com/p-24032-1oz-silver-bullet-45-caliber-acp-replica.aspx
Great-Kazoo
05-16-2014, 15:27
Here's an interesting 1oz silver: bullets! (I'm not affiliated with SilverTowne)
http://www.silvertowne.com/p-24032-1oz-silver-bullet-45-caliber-acp-replica.aspx
Interesting, but you're paying $10+ over coins, for a gimmick.
HoneyBadger
05-17-2014, 08:01
Here's an interesting 1oz silver: bullets! (I'm not affiliated with SilverTowne)
http://www.silvertowne.com/p-24032-1oz-silver-bullet-45-caliber-acp-replica.aspx
Several mints have been doing that for a few years. Expensive gimmick indeed.
There are certainly more reasonable options for these. ~$4-5 over spot/oz. That silvertowne item is a real ripoff.
http://www.providentmetals.com/bullion/silver/private-slv/silver-bullets.html
hghclsswhitetrsh
05-17-2014, 08:25
10 more ASE's showed up yesterday. $22 ea.
Firehaus
05-27-2014, 14:02
http://t.money.msn.com/now/gold-slumps-on-worries-the-bottom-has-fallen-out
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kidicarus13
05-27-2014, 14:02
http://t.money.msn.com/now/gold-slumps-on-worries-the-bottom-has-fallen-out
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It's back
Firehaus
05-27-2014, 14:04
Whoops!We can't show you this right now. We'll get it fixed soon.
I just saw it 5 minutes ago! I shouldn't of watched H2 last night, now I need a tinfoil hat! Lol!
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Rooskibar03
05-27-2014, 14:10
http://t.money.msn.com/now/gold-slumps-on-worries-the-bottom-has-fallen-out
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Sonofabitch. I'm down nearly 150 an ounce. Bought for the first time at the wrong time.
kidicarus13
05-27-2014, 14:14
Gold prices in the spot market dropped by Rs. 800 or nearly 3 per cent to Rs. 28,100 per 10 gram on Thursday - its lowest level since August - after the Reserve Bank eased gold import norms yesterday. The central bank allowed more agencies to import gold in the country and also allowed authorized banks to give gold loans to jewellers.
(Read: What RBI has done to ease gold imports (http://profit.ndtv.com/news/economy/article-rbi-eases-some-restrictions-on-gold-imports-389056))
As a result of these measures, gold premiums in the country came down sharply to $88 an ounce on London prices on Wednesday after rising to a record high $160 an ounce in December.
"Gold premiums on the MCX, which have averaged around Rs. 1,180 per 10 gm since August 2013 fell to Rs. 534, almost a 50 per cent drop on Wednesday," said local brokerage Motilal Oswal.
R. Somasundaram, managing director, India World Gold Council, told NDTV that there is a huge arbitrage between Indian and international prices, not only because of import duty, but also due to spot premiums. With increased availability, the spot premium will come down helping lower Indian prices, he added.
A sharp appreciation in the Indian rupee has also pulled domestic prices sharply lower. The rupee traded at 58.42 per dollar today.
According to Motilal Oswal, gold prices could fall to Rs. 26,500-26,100 in the medium term depending on how global prices pan out or if a duty cut materializes.
Meanwhile, jewellery stocks also rallied sharply in today. Titan shares surged as much as 13.7 per cent, while Gitanjali Gems gained as much as 19.1 per cent. Other gainers included Tribhovandas Bhimji Zaveri and Shree Ganesh Jewellery House. (Read full story here (http://profit.ndtv.com/news/market/article-jewellery-stocks-rally-20-as-rbi-eases-gold-import-norms-389085))
Restrictions on the import of gold were widely credited for helping the current account deficit shrink to 0.9 per cent of gross domestic product in the December 2013 quarter compared with a record high 6.5 per cent a year earlier, sparking a recovery in the rupee from record lows hit in August.
Economists and traders now expect other restrictions on gold imports such as high import duties to be also taken off. The decision rests with the new government.
India's incoming prime minister, Narendra Modi, who led BJP to a decisive victory in a just-concluded election, has indicated his willingness to remove gold curbs.
"The current tweak in regulation possibly hints at a direction that gold related restrictions have peaked and the curbs on gold imports will be eventually be relaxed, albeit gradually," said Siddhartha Sanyal, an economist at Barclays. (Read (http://profit.ndtv.com/news/commodities/article-private-agencies-allowed-to-import-gold-modi-seen-easing-more-curbs-389099))
buy low/sell high
I try to think more:
"buy on the down trends/sell on the up trends"
but I have yet to sell anything ;).
I keep missing the damn dip below 19.
Sent from my subconscious mind.
I keep missing the damn dip below 19.
Sent from my subconscious mind.
Did you catch the dip below 19 this morning?
beast556
05-29-2014, 11:19
18.99$ right now.
Did you catch the dip below 19 this morning?
I bought some OPM rounds from Provident shortly after midnight last night then watched it dip another .10 [Mad]
Still got in on the dip so I'm happy. Doubled my stack. :D Gotta go drop the check in the mail now.
We're in this LONG as in 10 or 20 years, not short as in 5 days like some idiot day trader. :)
Back below 19 right now.
Makes no sense but take advantage of it while PMs are on deep discount.
ChunkyMonkey
05-30-2014, 09:35
Honestly, I dont watch the market. I have automatically monthly ordering. I only stop buying when it spikes.. like couple years ago.
The bottom today was 18.642.
Now I gotta send out ANOTHER check. :D
Won't bother me one bit if it hits 15 before bouncing back, I'm in long now anyway.
<MADDOG>
05-30-2014, 19:13
Goldman Sachs - Au at $1050 end of 2014.
Silver at $13.
As reiterated many times in this thread, don't get into these PM's as a quick way to make a buck (unless you are a gambler and like to short paper).
Roger Ronas
05-30-2014, 20:01
unfortunately my daughter may have to sell about 16-20 1oz round coins this weekend.
I told we will rebuild.
cableguy11
06-02-2014, 13:39
Got this from another site...213.53 shipped for 10 ASE....http://www.ebay.com/itm/111272071279?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1497.l2649
Just checked and it is now at $254.66.
ChunkyMonkey
06-02-2014, 16:28
Just checked and it is now at $254.66.
It says extra $30 off on top. Hit buy it now, you'll see the total is 224.
<MADDOG>
06-02-2014, 20:30
Question for you fellas/gals: what have you been buying?
I have been buying AE's due to the supposed intrinsic value, easy recognition, etc (hence I rarely buy rounds, bars or bullion). However, I am starting to examine the ML's due to both the premium, and to diversify out of anything labeled "USD".
Thoughts?
HoneyBadger
06-02-2014, 20:31
It says extra $30 off on top. Hit buy it now, you'll see the total is 224.
Nice. Does anyone know what sort of container these come in?
ChunkyMonkey
06-02-2014, 20:32
Nice. Does anyone know what sort of container these come in?
Bubble wrap. You can double your order to get the whole tube.
ChunkyMonkey
06-02-2014, 20:34
Question for you fellas/gals: what have you been buying?
I have been buying AE's due to the supposed intrinsic value, easy recognition, etc (hence I rarely buy rounds, bars or bullion). However, I am starting to examine the ML's due to both the premium, and to diversify out of anything labeled "USD".
Thoughts?
AE definitely easy to sell throughout the world w/ a nice premium. Maple leaf comes 2nd in my opinion. Any other rounds, I wont touch unless it is a real great deal.
Question for you fellas/gals: what have you been buying?
I have been buying AE's due to the supposed intrinsic value, easy recognition, etc (hence I rarely buy rounds, bars or bullion). However, I am starting to examine the ML's due to both the premium, and to diversify out of anything labeled "USD".
Thoughts?
I like Canadian Maples if I'm not buying a mint's own ingots. You get $5 CAN face value and .9999 purity.
<MADDOG>
06-02-2014, 21:26
I like Canadian Maples if I'm not buying a mint's own ingots. You get $5 CAN face value and .9999 purity.
And that's precisely why I'm looking at ML's. Pandas are becoming even more intriguing to me....
<MADDOG>
06-02-2014, 21:27
AE definitely easy to sell throughout the world w/ a nice premium. Maple leaf comes 2nd in my opinion. Any other rounds, I wont touch unless it is a real great deal.
I am curious as to why you feel AE are more substantial than ML's?
Perhaps I have been on Zero Hedge too much...[Coffee]
beast556
06-02-2014, 21:45
ASE & maple leaf coins are the same in my book.
hghclsswhitetrsh
06-02-2014, 21:52
ASE and junk 90% silver.
<MADDOG>
06-02-2014, 22:18
ASE and junk 90% silver.
Dude: you just walked into a crowded room, farted, and existed....[LOL]
Please explain, as I am not aware that AE's are not 99%+ pure.
I have some ASE but stacking generic rounds. The cheaper the better.
Sent from my subconscious mind.
Great-Kazoo
06-02-2014, 22:51
I have some ASE but stacking generic rounds. The cheaper the better.
Sent from my subconscious mind.
If it's silver from a reputable vendor, it's still .999 silver.
sellersm
06-02-2014, 23:55
I heard an interesting interview with the author James Wesley Rawles about expatriating and he said many people have been surprised because in some parts of the world, the precious metals are only valued at their face value, not the intrinsic metal value!!
Sent from my fat fingers using Tapatalk
If it's silver from a reputable vendor, it's still .999 silver.
By generic, I mean the more common private mints like OPM, NTR, etc.
cableguy11
06-03-2014, 08:10
Nice. Does anyone know what sort of container these come in?
Mine have always come with a nice blue box in a tube with foam pellets taking up the extra space.
-Art
HoneyBadger
06-03-2014, 11:48
AE definitely easy to sell throughout the world w/ a nice premium. Maple leaf comes 2nd in my opinion. Any other rounds, I wont touch unless it is a real great deal.
I like to diversify. Real estate, IRAs, a few tech stocks, ASEs and MLs, NTM rounds, "junk" silver, etc. This way, if any one market tanks, I'll be okay. If everything tanks (globally) I won't be worse off than anyone else.
Am I doing it right? [Dunno]
I like to diversify. Real estate, IRAs, a few tech stocks, ASEs and MLs, NTM rounds, "junk" silver, etc. This way, if any one market tanks, I'll be okay. If everything tanks (globally) I won't be worse off than anyone else.
Am I doing it right? [Dunno]
If it's not too late, I would stack some cash for the bottom of the PM market coming.
And water barrels. :D
HoneyBadger
06-03-2014, 19:04
If it's not too late, I would stack some cash for the bottom of the PM market coming.
And water barrels. :D
Dangit, I KNEW I forgot something when I was in Parker 2 weekends ago! [facepalm]
NFATrustGuy
06-06-2014, 00:28
Can anybody recommend a monthly buying program? Ideally, I'd like to find a place where I could send a check each month to buy 1oz. silver rounds on the 10th of each month for X% over spot price. These rounds would be accumulated until I reached a certain level and then they'd be shipped to me once I reached a minimum for free shipping.
Of course I'm concerned about finding an entity who's trustworthy and doesn't charge some ridiculous premium for the service. I'd also want reasonably low minimum accumulation requirements for free shipping because I really don't want somebody else holding MY silver until I reach a bazillion dollars or whatever.
My concerns/goals are: (a) I'd like to automate the process because I know I'd be more likely to get it done, and (b) I feel like shipping adds considerable expense when we're talking about less than 100 ounces at a time.
Thanks in advance for any advice...
BTW: I've Googled this and it seems like everything I've found has some sort of catch. Once place buys and accumulates it on paper for a very small premium over spot price, but then charges you 10% to have your account converted to actual silver and shipped to you. Not a deal. Another place charges basically double the going rate over spot, but will ship it to you for free when you reach 100+ ounces. Their premium is so high, I'd be better off just buying from Provident or wherever and just paying the shipping charge.
Can anybody recommend a monthly buying program? Ideally, I'd like to find a place where I could send a check each month to buy 1oz. silver rounds on the 10th of each month for X% over spot price. These rounds would be accumulated until I reached a certain level and then they'd be shipped to me once I reached a minimum for free shipping.
Of course I'm concerned about finding an entity who's trustworthy and doesn't charge some ridiculous premium for the service. I'd also want reasonably low minimum accumulation requirements for free shipping because I really don't want somebody else holding MY silver until I reach a bazillion dollars or whatever.
My concerns/goals are: (a) I'd like to automate the process because I know I'd be more likely to get it done, and (b) I feel like shipping adds considerable expense when we're talking about less than 100 ounces at a time.
Thanks in advance for any advice...
BTW: I've Googled this and it seems like everything I've found has some sort of catch. Once place buys and accumulates it on paper for a very small premium over spot price, but then charges you 10% to have your account converted to actual silver and shipped to you. Not a deal. Another place charges basically double the going rate over spot, but will ship it to you for free when you reach 100+ ounces. Their premium is so high, I'd be better off just buying from Provident or wherever and just paying the shipping charge.
Buy a monster box and just about any of them will ship free. [Coffee]
APMEX does this sort of - through a "Secure Storage" option. http://www.apmex.com/citadel However, I think their premiums are high. perhaps they cut deals on monthly purchases. Dunno really.
I'm just a noob, so there's probably better options than what I've found.
You can also fund a PM backed IRA, there's lots out there, but I don't qualify so haven't dug deep. For physical silver, my best deals so far have been with Provident Metals.
Dealers that offer free shipping have higher premiums, most any that have lower premiums ship free over $5k but don't let you combine shipping on orders.
Now someone else will come in and correct everything I said...
nogaroheli
06-06-2014, 00:57
Can anybody recommend a monthly buying program? Ideally, I'd like to find a place where I could send a check each month to buy 1oz. silver rounds on the 10th of each month for X% over spot price. These rounds would be accumulated until I reached a certain level and then they'd be shipped to me once I reached a minimum for free shipping.
Of course I'm concerned about finding an entity who's trustworthy and doesn't charge some ridiculous premium for the service. I'd also want reasonably low minimum accumulation requirements for free shipping because I really don't want somebody else holding MY silver until I reach a bazillion dollars or whatever.
My concerns/goals are: (a) I'd like to automate the process because I know I'd be more likely to get it done, and (b) I feel like shipping adds considerable expense when we're talking about less than 100 ounces at a time.
Thanks in advance for any advice...
BTW: I've Googled this and it seems like everything I've found has some sort of catch. Once place buys and accumulates it on paper for a very small premium over spot price, but then charges you 10% to have your account converted to actual silver and shipped to you. Not a deal. Another place charges basically double the going rate over spot, but will ship it to you for free when you reach 100+ ounces. Their premium is so high, I'd be better off just buying from Provident or wherever and just paying the shipping charge.
Check out CloudHardAssets.com, I've dealt with them a lot and they ship free without having to spend a bunch. They often have specials, recently 1 oz silver bars were $1.25 over spot. They're really good folks to deal with.
Check out CloudHardAssets.com, I've dealt with them a lot and they ship free without having to spend a bunch. They often have specials, recently 1 oz silver bars were $1.25 over spot. They're really good folks to deal with.
Not to poop on your post there, but Provident is always .75 over spot for OPM rounds and .99 over spot for most bars (cash/check/wire/ACH prices).
Rodney, you may also want to contact The Silver Guys for a local source. You may be able to work a deal like you want with them.
NFATrustGuy
06-06-2014, 01:56
Thanks guys. As Mr. Brutal suggests, Provident is the best deal even including a shipping charge. At the monthly order amount I'm planning on, the total premium over spot, including shipping, is about $1.05 per ounce for OPM 1oz. rounds. The other place I was looking at is JM Bullion. They offer free shipping, but charge about $1.35 over spot per 1oz. round at the quantity I'd be buying.
It would still be nice if I could find someplace that charges a reasonable premium that would just accept my check for a fixed $xxx each month and buy silver rounds with it. They could just accumulate whatever fractional dollar amount might result from receiving my fixed dollar amount payment. Whenever the accumulated dollars reach the right level, just buy me an extra ounce of silver. My goal is to just set up my BillPay system to just send the money. I can do it manually, but it's my nature to forget / put off doing things like this if it's not automated.
nogaroheli
06-06-2014, 02:18
Not to poop on your post there, but Provident is always .75 over spot for OPM rounds and .99 over spot for most bars (cash/check/wire/ACH prices).
Hmm, that definitely pooped on my buying habits from them. I didn't realize Provident was charging that. Thanks for setting me straight!
https://comparesilverprices.com/
http://www.silverseek.com/
Certainly not comprehensive, but something to keep an eye on.
There's also a deal thread over on Kitco Silver forums. https://www.kitcomm.com/showthread.php?130058-Daily-or-Weekly-Deals-Thread! Sometimes you can catch some really good deals.
HoneyBadger
06-06-2014, 11:23
Rod,
I realize you are hoping for an automated process, but I have had good luck purchasing from Modern Coin Mart and APMEX on Ebay. They almost always offer free shipping, and everyone once in a while offer pretty good discounts. I set price alerts on ebay items so I get an email when, for example, a roll of ASEs goes under $450. I spend about an hour each month looking for the best deal and then it shows up a week or so later at my door or PO box.
If you just want to stash away a set amount of cash each month to invest in PMs, you can do that without the premiums. Just set up a general purpose savings or short-term investment account with your bank and when it reaches your desired goal, place a big order from a reputable company. If that's too complicated, just send the checks to me and I'll keep them safe for you. :)
Rod,
I realize you are hoping for an automated process, but I have had good luck purchasing from Modern Coin Mart and APMEX on Ebay. They almost always offer free shipping, and everyone once in a while offer pretty good discounts. I set price alerts on ebay items so I get an email when, for example, a roll of ASEs goes under $450. I spend about an hour each month looking for the best deal and then it shows up a week or so later at my door or PO box.
If you just want to stash away a set amount of cash each month to invest in PMs, you can do that without the premiums. Just set up a general purpose savings or short-term investment account with your bank and when it reaches your desired goal, place a big order from a reputable company. If that's too complicated, just send the checks to me and I'll keep them safe for you. :)
I've used Modern Coin Mart and Aydin off eBay with great success.
So.... Provident Metals is advised against? Did I get that right? I just completed my first order with them and it seemed like a good deal. I can't buy the amounts you rich people can buy (maybe a 1/10 or 1/4 gold eagle every once a month) and the prices seemed really good to me.
I've used Modern Coin Mart and Aydin off eBay with great success.
Having had, and currently going through a dispute with e-bay, I'm loathe to purchase larger $$ amounts through them.
Placed two orders for bulk batteries through a single seller on the same transaction - first mistake since it was free shipping anyway. Seller shipped only one order and claimed delivery on both. My second mistake was not immediately realizing they had the SAME USPS tracking number on both orders. Seller refused to fix it. First time through the dispute, e-bay sided with seller and refused to refund. They also removed the NEG feedback I posted after the refusal. I've clarified the issue and sent pics, now awaiting the appeal. I also opened a case against the other order since the seller had blocked me from even trying to contact them. I calmly explained THEIR COCKUP and that while I understand mistakes can happen, I expect them to make it right. If I lose again, it's off to AMEX to dispute the charge and then I'll have to reevaluate my need for e-bay.
So.... Provident Metals is advised against? Did I get that right? I just completed my first order with them and it seemed like a good deal. I can't buy the amounts you rich people can buy (maybe a 1/10 or 1/4 gold eagle every once a month) and the prices seemed really good to me.
Where did you read that?
Having had, and currently going through a dispute with e-bay, I'm loathe to purchase larger $$ amounts through them.
Placed two orders for bulk batteries through a single seller on the same transaction - first mistake since it was free shipping anyway. Seller shipped only one order and claimed delivery on both. My second mistake was not immediately realizing they had the SAME USPS tracking number on both orders. Seller refused to fix it. First time through the dispute, e-bay sided with seller and refused to refund. They also removed the NEG feedback I posted after the refusal. I've clarified the issue and sent pics, now awaiting the appeal. I also opened a case against the other order since the seller had blocked me from even trying to contact them. I calmly explained THEIR COCKUP and that while I understand mistakes can happen, I expect them to make it right. If I lose again, it's off to AMEX to dispute the charge and then I'll have to reevaluate my need for e-bay.
I just called ebay and told them to close my account. The data breach was the straw that broke the camel's back for me. Might even close paypal.
Where did you read that?
Post #403. Maybe I am reading it wrong. I do have a Migraine today.
NFATrustGuy
06-06-2014, 12:51
Post #403. Maybe I am reading it wrong. I do have a Migraine today.
You have to connect all the dots... Mr. Brutal commented on Nogaroheli's suggestion to use CloudHardAssets as a silver dealer because they only charge $1.25 over spot. Mr. Brutal stated that Provident charges less than $1 over spot. When Mr. Nogaroheli posted in #403, the "them" he was referring to was CloudHardAssets.
I agreed with Mr. Brutal's assessment and found that even though Provident charges for shipping, they're still a better deal than anything I've found.
As for the eBay suggestion from different folks, I think I'll pass. I don't like what eBay has become.
As for Mr. Brutal's suggestion to just send my money to him... While it'd probably be safer in his hands than in mine, I think I'll pass!
That makes more sense. I'm off to take some meds. Got to do some highway driving later and don't want the migraine to make me crash.
You have to connect all the dots... Mr. Brutal commented on Nogaroheli's suggestion to use CloudHardAssets as a silver dealer because they only charge $1.25 over spot. Mr. Brutal stated that Provident charges less than $1 over spot. When Mr. Nogaroheli posted in #403, the "them" he was referring to was CloudHardAssets.
I agreed with Mr. Brutal's assessment and found that even though Provident charges for shipping, they're still a better deal than anything I've found.
As for the eBay suggestion from different folks, I think I'll pass. I don't like what eBay has become.
As for Mr. Brutal's suggestion to just send my money to him... While it'd probably be safer in his hands than in mine, I think I'll pass!
Counselor,
It was HB that wants your money.
But if you want to send it my way, please do. You already have my address on file. :D
That makes more sense. I'm off to take some meds. Got to do some highway driving later and don't want the migraine to make me crash.
I do pity you. Hope you're feeling better. Suffered with debilitating migraines for years. They used to put me down hard. Thankfully, they lesson in severity and occurrence as I age.
Immitrix has been a life saver too. I'm off the injections and on the pills now if needed.
HoneyBadger
06-06-2014, 16:57
Counselor,
It was HB that wants your money.
But if you want to send it my way, please do. You already have my address on file. :D
;) He should still have my address too!
I do pity you. Hope you're feeling better. Suffered with debilitating migraines for years. They used to put me down hard. Thankfully, they lesson in severity and occurrence as I age.
Immitrix has been a life saver to. I'm off the injections and on the pills now if needed.
I've been real happy with Zomig, It allows me to still function. If I don't catch them right away the meds are hit or miss. the migraine meds seem to affect people differently. 1 2.5 mg tab of zomig will put my wife completely out.
Just got my first order from Provident. Seems good so far. My orders are going to be small, and this seems convenient.
;) He should still have my address too!
If I still had your address, well, you know what I would send you...
[ROFL2]
NFATrustGuy
06-06-2014, 22:44
If I still had your address, well, you know what I would send you...
[ROFL2]
In any normal situation, I'd never consider sharing any client's personal information with anyone… but I gotta say, it might be worth giving Mr. HoneyBadger's address to Mr. Brutal.
[Pop]
In any normal situation, I'd never consider sharing any client's personal information with anyone… but I gotta say, it might be worth giving Mr. HoneyBadger's address to Mr. Brutal.
[Pop]
I probably have it here in a pm or text somewhere as I've made a deal before with HB and even got to meet HB Jr, but he'd kill me if I sent this thing COD. More so if it was FULL.
HoneyBadger
06-07-2014, 07:05
I probably have it here in a pm or text somewhere as I've made a deal before with HB and even got to meet HB Jr, but he'd kill me if I sent this thing COD. More so if it was FULL.
Hahahaha I can't imagine what the freight cost would be on that if it were full of ASEs.. But I would gladly pay it! :D
Back on topic, this month's order of ASEs showed up at my door this morning! [WooHoo]
Hahahaha I can't imagine what the freight cost would be on that if it were full of ASEs.. But I would gladly pay it! :D
Back on topic, this month's order of ASEs showed up at my door this morning! [WooHoo]
I know my last two orders are gonna show up when we're gone and they're sig required...
I should probably call Provident and ask them to delay shipment.
We need BC in the thread. Give him the dims for a round and the bbl and figure out how many will fit. You wouldn't want them in there loose and mess them up.
HoneyBadger
06-07-2014, 12:04
I know my last two orders are gonna show up when we're gone and they're sig required...
I should probably call Provident and ask them to delay shipment.
This is SOP for me since they are always delivered while I'm at work. I usually have to go pick them up at the post office.
ChunkyMonkey
06-07-2014, 12:04
APMEX doesnt require sig for some reason.
HoneyBadger
06-07-2014, 12:09
APMEX doesnt require sig for some reason.
As long as it's USPS, I think it'll be fine for me. I just can't have a bunch of PMs sitting on my front porch all day when I'm not there.
As long as it's USPS, I think it'll be fine for me. I just can't have a bunch of PMs sitting on my front porch all day when I'm not there.
We'll all be at the lake...
I can have my neighbor grab them I suppose. He works lots of nights. Kinda nice that we can watch each other's place often when one is away.
Great-Kazoo
06-07-2014, 13:24
Next time someone buys a bunch pm me. I'd be interested in picking up a few.
HoneyBadger
06-07-2014, 16:53
Next time someone buys a bunch pm me. I'd be interested in picking up a few.
Define "a bunch" and "a few"
beast556
06-07-2014, 18:35
Jim just wants a few monster boxes.
cableguy11
06-08-2014, 08:11
Mine showed up Saturday via USPS. No nice blue box with tube, instead got a flat box with ASE's in single coin packs!
Great-Kazoo
06-08-2014, 08:40
Jim just wants a few monster boxes.
Need a silver fort, to go with my ammo one.
HoneyBadger
06-08-2014, 14:24
Mine showed up Saturday via USPS. No nice blue box with tube, instead got a flat box with ASE's in single coin packs!
Who did you order from?
HoneyBadger
06-08-2014, 14:26
Need a silver fort, to go with my ammo one.
im not sure which would be better: a silver fort full of ammo, or an ammo fort full of silver. Why not both? [Dunno]
Great-Kazoo
06-08-2014, 14:31
im not sure which would be better: a silver fort full of ammo, or an ammo fort full of silver. Why not both? [Dunno]
I can melt, then cast, silver ;)
im not sure which would be better: a silver fort full of ammo, or an ammo fort full of silver. Why not both? [Dunno]
Yes.
cableguy11
06-08-2014, 15:00
Who did you order from?
I got in on the ebay deal with 30 off...APMEX. Ordered on Monday.
im not sure which would be better: a silver fort full of ammo, or an ammo fort full of silver. Why not both? [Dunno]
An Arsenal full of silver too.
Sent from my subconscious mind.
ChunkyMonkey
06-08-2014, 18:24
im not sure which would be better: a silver fort full of ammo, or an ammo fort full of silver. Why not both? [Dunno]
Good news, either way I can sell you a fort!
ChunkyMonkey
06-08-2014, 18:25
Mine showed up Saturday via USPS. No nice blue box with tube, instead got a flat box with ASE's in single coin packs!
Did you order less than 20?
Great-Kazoo
06-08-2014, 18:44
An Arsenal full of silver too.
Sent from my subconscious mind.
I have an Arsenal, fulll of Vmax, that count.
cableguy11
06-08-2014, 22:40
Did you order less than 20?
I ordered 10. This is the first time I received them packed like this. Usually come in a blue box with APMEX logo and a tube sleeve, at least my orders in the past have come like that. Not complaining I got a great price and I have room in the other tubes that I already have.
HoneyBadger
06-09-2014, 09:30
I ordered 10. This is the first time I received them packed like this. Usually come in a blue box with APMEX logo and a tube sleeve, at least my orders in the past have come like that. Not complaining I got a great price and I have room in the other tubes that I already have.
That would frustrate me as I prefer the compactness of the tubes. Does it really matter? No. Just my preference. [Flower]
ChunkyMonkey
06-09-2014, 09:33
If you order 1/2 a tube, you may or may not get the tube. In the distribution center, they simply take the first half and ship them in the bubble wrap and pack the remaining in the same tube. You just happened to receive that 'first half' of the tube [Beer]
cableguy11
06-09-2014, 09:50
Figures my luck would run out... JM bullion has ASE's 2.29 over spot free shipping. Just got the email.
ChunkyMonkey
06-09-2014, 10:25
That would frustrate me as I prefer the compactness of the tubes. Does it really matter? No. Just my preference. [Flower]
Want a monster box?
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Great-Kazoo
06-09-2014, 12:33
Want a monster box?
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I do if someone else hasn't spoken up, yet.
HoneyBadger
06-09-2014, 13:52
Want a monster box?
Sent from my iPhone using Tapatalk
If I could afford one... :D
ChunkyMonkey
06-09-2014, 13:54
If I could afford one... :D
Just the box.. content isnt for sale! Looks like Jim wants one too. If I am not too lazy to empty the other one, I ll have two to spare.
HoneyBadger
06-09-2014, 13:57
Figures my luck would run out... JM bullion has ASE's 2.29 over spot free shipping. Just got the email.
I don't think your luck has run out, I think it's finally here! Thanks for the good find. [Beer]
Great-Kazoo
06-09-2014, 14:33
I don't think your luck has run out, I think it's finally here! Thanks for the good find. [Beer]
JM has mixed reviews.
ChunkyMonkey
06-09-2014, 14:40
Not being paranoid etc... you guys ever consider buying PM/gold in person, cash, no tax etc? For security reason of course.
cableguy11
06-09-2014, 15:53
JM has mixed reviews.
Never had a problem with them, but that is my experience.
HoneyBadger
06-09-2014, 16:29
Not being paranoid etc... you guys ever consider buying PM/gold in person, cash, no tax etc? For security reason of course.
Yeah, but it's pretty inconvenient for me and honestly, I'm afraid I'll get had. I don't know enough about PMs to be able to determine authenticity etc.
There are a few good and reputable coin shops in most decent size cities.
cableguy11
06-09-2014, 17:09
Yeah, but it's pretty inconvenient for me and honestly, I'm afraid I'll get had. I don't know enough about PMs to be able to determine authenticity etc.
I agree and I am in the same boat. Plus when I have tried to buy it like that they are usually a couple of bucks more than what I could get it on the internet...
Gold up almost 1% this morning, silver up 1.5%. Oil is over $106 a barrel.
Looks like our feckless leaders are going to help the failed Iraqi government kill the Al Quada guys we trained in Syria.
Great-Kazoo
06-12-2014, 11:10
I agree and I am in the same boat. Plus when I have tried to buy it like that they are usually a couple of bucks more than what I could get it on the internet...
However, the option of paying cash and no paper trail has it's benefits.
ChunkyMonkey
06-12-2014, 11:24
Yeah, but it's pretty inconvenient for me and honestly, I'm afraid I'll get had. I don't know enough about PMs to be able to determine authenticity etc.
Wait til IRS is going after your few years down the road, my padawan! [panic]
Keep in mind, even the federal govt was selling fake gold bars w/o knowingly.
IMHO, best everything is off the book.
ChunkyMonkey
06-12-2014, 11:26
I agree and I am in the same boat. Plus when I have tried to buy it like that they are usually a couple of bucks more than what I could get it on the internet...
1. Buy in larger volume
2. No records mean no income tax when you sell them in volume either.
But I am not a CPA nor lawyer nor do I encourage any kind of illegal activity.
ChunkyMonkey
06-12-2014, 11:27
Gold up almost 1% this morning, silver up 1.5%. Oil is over $106 a barrel.
Looks like our feckless leaders are going to help the failed Iraqi government kill the Al Quada guys we trained in Syria.
Plus the 5 leaders we released for the traitor.
Plus the 5 leaders we released for the traitor.
Don't get me started. :)
Buncha stuff going on globally which will impact us here locally, gas at the pump, costs of food and services. I'm waiting for a paper market correction to come along. PMs are still one of the the safest places to put extra $$$. Buy low, sell high, S&P500 is at record highs so time to sell that paper, don't follow FedRes/FedGov advice and buy into Wall Street's game when so many stocks are over valued, wait patiently for the correction, it'll come.
Don't get me started. :)
Buncha stuff going on globally which will impact us here locally, gas at the pump, costs of food and services. I'm waiting for a paper market correction to come along. PMs are still one of the the safest places to put extra $$$. Buy low, sell high, S&P500 is at record highs so time to sell that paper, don't follow FedRes/FedGov advice and buy into Wall Street's game when so many stocks are over valued, wait patiently for the correction, it'll come.
+1. I've felt that way for the last 15+ months. It's wild how long things are holding on, but it's just a matter of time.... maybe the downturn started yesterday?
From Zero Hedge
To summarize: the US was arming and training the same Al Qaeda/ISIS groups of Jihadists, that it concurrently gave Iraq weapons to fight. And since the Iraq army has so far proven utterly incapable of any resistance, it is now up to US drones to fight the same "rebels" that the US itself was collaborating with until a month or so ago.
http://www.zerohedge.com/news/2014-06-12/how-us-arming-both-sides-iraqi-conflict
HoneyBadger
06-12-2014, 14:48
However, the option of paying cash and no paper trail has it's benefits.
Wait til IRS is going after your few years down the road, my padawan! [panic]
Keep in mind, even the federal govt was selling fake gold bars w/o knowingly.
IMHO, best everything is off the book.
Agreed. I'm not buying or selling in any real volume anyway, but if I ever do, I'll certainly do it locally.
Jumping up today, we'll see if it continues over the next year or if this is just a head fake.
I wish it stayed down longer - or hope it dips big again. I was just getting started.
Don't worry, it'll go back down.
<MADDOG>
06-20-2014, 19:49
Just curious: am I insane for watching this shit and looking at ZH?
OgNb83Y0CoY
https://www.youtube.com/watch?v=RcNwt4WgTMg&list=UUG-G8LLr38fQUNZU8K0t-EA&feature=sh
Just curious: am I insane for watching this shit and looking at ZH?
No, you're getting multiple viewpoints, many of which conflict with the lies and direction the federal government wants us to go. ZH presents news and views you won't see too much of in the mainstream media.
The dollar is dying, it takes a loooooooooong time for a currency to die though. I don't know if I'll see the end of the dollar in my lifetime but I might. One thing is certain, the costs of goods and services are going nowhere but up, they might fall on occasion but the trend is definitely upward.
sellersm
06-20-2014, 21:15
I believe we'll know more around mid-July. If I were a betting man, I'd wager on this being the bottom.
And just in case you missed it, capital controls are increasing. So keep an eye on what you think may be "liquidity"... At least with major banks/institutions.
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So, I am too lazy to look through 40 + pages of posts to get the answer.
Is there a good local source to buy PMs (Junk silver or Eagles) in cash?
Dave's on Broadway next to Rocky Mountain Coin is a good place.
Firehaus
07-07-2014, 14:26
Why gold is only worth $800 an ounce
The gold bugs are stirring.
A 10 percent gain by the yellow metal this year is rekindling hope among long-suffering bulls that the major bear market that began nearly three years ago finally might be over.
They argue that gold will continue to rise because investors will be seeking a hedge against rising inflation, currency fluctuations and geopolitical uncertainty.
Yet according to Duke University finance professor Campbell Harvey, one of academia's leading experts on gold prices, the odds are poor that the metal will return any time soon to its all-time high in August 2011. That month, the spot Comex gold contract reached an intraday high of $1,929.20, more than $600 above Thursday’s settle price of $1,320.40.
He puts gold’s fair value today at a little higher than $800.
A valuation model Harvey proposed in a National Bureau of Economic Research study 18 months ago, when gold was nearly $1,700 an ounce, correctly foresaw that the metal was overvalued.
That model is based on the tendency for gold to decline whenever the ratio of its price to the consumer-price index rises well above its average level of about 3.4, and to rise when it is significantly below that average. With the CPI now at 237.1, this ratio stands at 5.6.
To be sure, Harvey acknowledges, gold is perfectly capable of taking a long time to return to its fair value -- and by no means will the path it takes be a straight line. So a near-term rally isn’t out of the question.
There is a shorter-term factor that nevertheless leads him to doubt gold can mount even a short-term rally that is very significant: rising Treasury yields, which go up as bond prices fall.
Over the past decade, Harvey points out, gold's price has been quick to respond to changes in Treasury yields -- rising as yields fall, and vice versa. If you believe that yields will on average be higher in coming months than where they are today, as he does, then "gold will most likely decline" over the shorter term.
Shouldn't inflation be taken into account in predicting gold's performance? After all, gold is widely considered to be one of the best inflation hedges.
But gold's track record as an inflation hedge depends greatly on your time horizon, according to Claude Erb, Harvey’s co-author on the National Bureau of Economic Research study and a former commodities and fixed-income manager at mutual-fund firm TCW Group.
Over the short term, he says, gold is a very unreliable inflation hedge. It is only over the long term that it can be a decent hedge -- and he emphasizes that this long term must be measured over many decades at a minimum.
Based on the markets' recent behavior, Erb is confident that if inflation and Treasury yields were both to rise over the next couple of years, the most likely outcome still would be a lower gold price...
http://t.money.msn.com/top-stocks/why-gold-is-only-worth-dollar800-an-ounce
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Good article.
CPI/PPI is one way. Another way to find the fair market value of precious metal is the MS and velocity of money ,M1,2,3 as well. (Sorry to apply Keynesian crap here).
My estimates on short run Au price is higher than $800, because of rates and not much tapering of increase change in MS. I think Bonds will be the first ones to see the curve when we actually have rate hike.
People thought I was on crack when I said around 3Q 2008 that Crude Oil's fair market price is about 85/barrel. At that time, it was $140ish. It sure dropped lower than 85ish year later. [LOL]
I also believe that the ^DJI, ^GSPC and ^IXIC (not too sure on ixic) will see a significant decline around 2-3Q2015 to 1Q2016.
Why gold is only worth $800 an ounce
The gold bugs are stirring.
A 10 percent gain by the yellow metal this year is rekindling hope among long-suffering bulls that the major bear market that began nearly three years ago finally might be over.
They argue that gold will continue to rise because investors will be seeking a hedge against rising inflation, currency fluctuations and geopolitical uncertainty.
Yet according to Duke University finance professor Campbell Harvey, one of academia's leading experts on gold prices, the odds are poor that the metal will return any time soon to its all-time high in August 2011. That month, the spot Comex gold contract reached an intraday high of $1,929.20, more than $600 above Thursday’s settle price of $1,320.40.
He puts gold’s fair value today at a little higher than $800.
A valuation model Harvey proposed in a National Bureau of Economic Research study 18 months ago, when gold was nearly $1,700 an ounce, correctly foresaw that the metal was overvalued.
That model is based on the tendency for gold to decline whenever the ratio of its price to the consumer-price index rises well above its average level of about 3.4, and to rise when it is significantly below that average. With the CPI now at 237.1, this ratio stands at 5.6.
To be sure, Harvey acknowledges, gold is perfectly capable of taking a long time to return to its fair value -- and by no means will the path it takes be a straight line. So a near-term rally isn’t out of the question.
There is a shorter-term factor that nevertheless leads him to doubt gold can mount even a short-term rally that is very significant: rising Treasury yields, which go up as bond prices fall.
Over the past decade, Harvey points out, gold's price has been quick to respond to changes in Treasury yields -- rising as yields fall, and vice versa. If you believe that yields will on average be higher in coming months than where they are today, as he does, then "gold will most likely decline" over the shorter term.
Shouldn't inflation be taken into account in predicting gold's performance? After all, gold is widely considered to be one of the best inflation hedges.
But gold's track record as an inflation hedge depends greatly on your time horizon, according to Claude Erb, Harvey’s co-author on the National Bureau of Economic Research study and a former commodities and fixed-income manager at mutual-fund firm TCW Group.
Over the short term, he says, gold is a very unreliable inflation hedge. It is only over the long term that it can be a decent hedge -- and he emphasizes that this long term must be measured over many decades at a minimum.
Based on the markets' recent behavior, Erb is confident that if inflation and Treasury yields were both to rise over the next couple of years, the most likely outcome still would be a lower gold price...
http://t.money.msn.com/top-stocks/why-gold-is-only-worth-dollar800-an-ounce
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Big drops the last couple of days.
Paper to metal ratios are very high, paper prices are keeping phyzz prices down.
Big drops the last couple of days.
Paper to metal ratios are very high, paper prices are keeping phyzz prices down.
Good I can get more metals for my paper. :-D
Good I can get more metals for my paper. :-D
There ya go! :)
sellersm
07-15-2014, 21:18
Say goodbye to the USD! The beginning of the end is now upon us: http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks
Say goodbye to the USD! The beginning of the end is now upon us: http://www.zerohedge.com/news/2014-07-15/brics-announce-100-billion-reserve-bypass-fed-developed-world-central-banks
meh, 100 billion is nothing. when they start talking 20 trillion then maybe they're making progress
make no mistake, this is a nail in the coffin of the usd as a reserve currency but it is a very small nail
obama is doing a better job with QE than brics is with their plan
meh, 100 billion is nothing. when they start talking 20 trillion then maybe they're making progress
make no mistake, this is a nail in the coffin of the usd as a reserve currency but it is a very small nail
obama is doing a better job with QE than brics is with their plan
Agreed. I'd equate this to a nail in the hinge of the coffin... not the lid. Once a few more nails go into the hinges, the lid could slam shut, but not quite yet. Still a step on the path, nonetheless though.
sellersm
07-16-2014, 12:31
Definitely a step on the path. Good idea to keep an eye on the BRICS however... Keep buying the metals and stacking them up!
Everything is down today, DOW lost its 17K marker.
Ammo and reloading components are included with silver and gold.
HoneyBadger
07-31-2014, 10:44
Silver had been slowly trending upward too...
https://comparesilverprices.com/
Great-Kazoo
07-31-2014, 10:47
Everything is down today, DOW lost its 17K marker.
Ammo and reloading components are included with silver and gold.
Silver has better availability than components.
Silver has better availability than components.
Yes it does.
When I go to the gun shows I know I can get silver so I look for reloading components first.
Silver had been slowly trending upward too...
https://comparesilverprices.com/
Yet the forums on kitco are calling for a dip late Friday.
With the fixing coming to a close 8-14, everyone is in a tizzy.
I haven't bought since the last big dip when I got in at 18.72 spot and picked up rounds at .79 over spot.
P.S.
JM Bullion has free shipping (always) and ASE @ $2.29 over spot (cash price) until 9EST.
I believe "The Silver Guys" are +$3ea over spot for a round and anonymous, but the free shipping and that price trumps them if you're strictly hung up on price and willing to gamble the POS won't take another big dip Friday.
I think I'm going to wait and see what the weekend holds and I'll buy a roll Saturday if the POS is again below $20.
HoneyBadger
07-31-2014, 18:19
P.S.
JM Bullion has free shipping (always) and ASE @ $2.29 over spot (cash price) until 9EST.
I believe "The Silver Guys" are +$3ea over spot for a round and anonymous, but the free shipping and that price trumps them if you're strictly hung up on price and willing to gamble the POS won't take another big dip Friday.
I think I'm going to wait and see what the weekend holds and I'll buy a roll Saturday if the POS is again below $20.
I surprised there hasn't been more speculation posted here about the end of the fix.
I surprised there hasn't been more speculation posted here about the end of the fix.
...and that makes me happy.
I like facts and patience.
beast556
08-01-2014, 15:40
Dropped a little but still over 20$ a oz. Im gonna start buying again. Was going to wait till it hit15$ but I dont think it is going that low again, not any time soon at least. What do you guys think about MS 70 ase, good investment or just buy regular ase????
Buy regular ASE. Coins with numismatic value now will only be worth their weight in the future, no one will care that you paid a premium or that it might be a rare coin. I think the premium we pay for a numismatic coin could be better spent on regular coins.
I don't think there is much of a near-term future in numismatic coins or paper investment vehicles, if you're planning on holding for 50 or 100 years then the value on those investments might return....maybe.
hghclsswhitetrsh
08-01-2014, 19:17
I've bought an undisclosed amount of silver the last month or so. I only buy junk silver or ASE. I bought one ms68 and one ms70. Paid $31 and $51 in my lifetime I have seen $50 an ounce so I figure I will see it again. Anyways that's my rationale.
beast556
08-01-2014, 23:13
I think im gonna get some of the MS70 ase, there only12$ over spot so not to much to lose out on.
ChunkyMonkey
08-02-2014, 00:55
I think im gonna get some of the MS70 ase, there only12$ over spot so not to much to lose out on.
Or buy a monster box and have the best coins certified. Fiola 60% profit!
No, don't. I tried. ;)
Silver is under $20, if you're thinking about it jump now.
http://www.kitco.com/market/
HoneyBadger
08-05-2014, 10:05
Silver is under $20, if you're thinking about it jump now.
http://www.kitco.com/market/
I just saw this and came here to post, but you beat me to it! :)
ETA: I just tried to buy some OPM rounds from Provident at $20.58 ea but my browser at work won't allow me to. :(
I just saw this and came here to post, but you beat me to it! :)
Neener neener neeeeener.
Oh I'm so mature. :)
Oil is down under $98 - maybe we'll catch a break at the pumps.
http://www.marketwatch.com/story/oil-futures-hold-onto-overnight-gains-2014-08-05-31035725
hghclsswhitetrsh
08-05-2014, 10:34
Oil is down under $98 - maybe we'll catch a break at the pumps.[/URL]
That's the funniest shit I've read in months.
Great-Kazoo
08-05-2014, 11:39
I have a bunch of morgans & liberty / peace dollars i'll probably dump.
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