Precious metals market | TigerDroppings.com

Posted byMessage
kjacksonp
South Alabama Fan
Mobile, AL
Member since Dec 2006
952 posts

Precious metals market


With the dollar up in value gold and silver have fallen. They seem to keep bouncing off of about the same resistance (high 1200's for gold, around 20+ for silver).

For those who are interested in buying either gold or silver for "safety" against fiat money inflation or hyperinflation, is this a good time to buy?








Back to top
Share:
Dooshay
LSU Fan
CEBA
Member since Jun 2011
29265 posts

re: Precious metals market


with the upswing of the current market you may want to keep watching until at least after the holiday season.





Back to top
  Replies (0)
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1617 posts

re: Precious metals market


I do not intend to buy any gold or silver but I do plan to rake through some half dollars from the bank for a few weeks. I haven't combed through a box of half dollars in a few months and I want to dust off my coin collection, as well as add some silver to it.





Back to top
TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
9863 posts

re: Precious metals market


Are you talking about getting half dollars from the bank, then looking for silver ones? What year are the silver ones from?





Back to top
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1617 posts

re: Precious metals market


Yes, I will order a box of halves and comb through them (coin roll hunting) looking for silver pieces. A quick google search will give you all of the information you could ever want or ask for about silver half dollars. Pretty much anything before 1970 or 1971 contains at least ~40% silver. Halves before 1965 are ~90% silver. You can tell which ones are silver and which are not just be looking at the rim of the coin next to a half dollar that is not silver.

The process is pretty time consuming and the bank tellers will give you the stink eye each time you bring a box back to deposit. I had some good success for a few months when I did it and collected an assortment of silver pieces. I wouldn't make a full time hobby out of it by any means though.






Back to top
Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2582 posts

re: Precious metals market


I usually buy some silver every year, more for the numismatic purposes. I just think silver coins are so purty.

I don't make OT type $$$ so gold is out of the question for me.

I am in a 'hold' position right now on silver. If silver drops below $18/oz, I will buy buy a few rolls Silver Eagles.

Just a disclaimer, I am no PM expert so take it for what its worth.






Back to top
RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1617 posts

re: Precious metals market


quote:

I usually buy some silver every year, more for the numismatic purposes. I just think silver coins are so purty.


I'm in an agreement with you there. I do not have a permanent residence which is the main reason I only pick through half dollar rolls every so often. Carrying and storing my coin collection as it stands now is enough overhead for me each time I move. Although secretly, I would love a treasure chest full of silver and gold



This post was edited on 11/13 at 8:57 pm


Back to top
  Replies (0)
TheIndulger
Longwood Fan
Laffy Taffy
Member since Sep 2011
9863 posts

re: Precious metals market


quote:

I am in a 'hold' position right now on silver


May I ask why?






Back to top
Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2582 posts

re: Precious metals market


quote:

May I ask why?


I think silver is still way over priced, as of Nov 14, 2013, silver is around $20.50/oz.

Remember just a year or so, it was around $35/oz

I am thinking once silver gets to under $18-19, I will consider buying but I am really holding for when it goes to $17/oz. Its not a do or die situation for me, so no biggie.

I usually run accross some deals every now & then with some dimes, halfs & Morgans and Peace dollars. So I will take dive then.







Back to top
Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
12181 posts

re: Precious metals market


Silver at $20 is not a bad buy. Lowest it has been for some time. Yes It USED to be lower but so was everything else in life.
Christmas has my money tied up right now but soon after I will be buying a little more Silver to add to the stack

I always wanted to try the ole coin hunting from my credit union. Buying a box of $500 Halfs and sorting through them sounds fun. I always check my quarters when I get change. Old habit.
My wedding ring I made out if a silver quarter.






Back to top
  Replies (0)
Meauxjeaux
Memphis Fan
I have 89,275 posts with my alters
Member since Jun 2005
16839 posts

re: Precious metals market


Prices will upswing right after I sell the stuff I bought last September.





Back to top
ThatsAFactJack
Broussard
Member since Sep 2012
427 posts

re: Precious metals market


quote:

Meauxjeaux
quote:

Prices will upswing right after I sell the stuff I bought last September.


Why are you selling? Most people buy and hold physical gold and silver. I may be interested in buyiing if you can email me coincollections@hotmail.com






Back to top
Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
12181 posts

re: Precious metals market


Silver is down below $20

Some are predicting $15 by year end. Some forums talk is back to below $10

Seems there are the hard core folks that believe PMs will save you
Then there are the ones saying the bottom will fall out soon and stay that way for some time.

I'll hope the middle road and may buy some this week

LINK



This post was edited on 11/20 at 6:19 pm


Back to top
jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
14055 posts

re: Precious metals market


Where do you guys recommend buying some silver bars from? I thought about buying $100 worth each month or so and storing away.





Back to top
Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
12181 posts

re: Precious metals market


local coin shops should sell them.
I like online. Apmex, Silvertowne, Providentmetals are good sites that sell rounds, bars, and everything else






Back to top
jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
14055 posts

re: Precious metals market


I saw a few of the ones online. I'll check those out. Any benefit to buying in different forms such as bouillon, bars, or shot?





Back to top
Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
12181 posts

re: Precious metals market


Private mint coins and bars are cheaper. Silver is silver
Fed made coins cost a little more but they are real money if that matters

Stick with coins and bars or 90% silver coins if the price is right.
I like 1oz coins because they stack better in tubes. Pretty simple

Go browse a site such as APMEX under silver.






Back to top
Crawdaddy
LSU Fan
Slidell
Member since Sep 2006
12181 posts

re: Precious metals market


Private mint coins and bars are cheaper. Silver is silver
Fed made coins cost a little more but they are real money if that matters

Stick with coins and bars or 90% silver coins if the price is right.
I like 1oz coins because they stack better in tubes. Pretty simple

Go browse a site such as APMEX under silver.






Back to top
  Replies (0)
jmarto1
LSU Fan
Houma, LA
Member since Mar 2008
14055 posts

re: Precious metals market


I was going to do some bars. I have a good bit of coins that I buy from work when something pre-1965 rolls through. Thanks for the advice.





Back to top
ThatsAFactJack
Broussard
Member since Sep 2012
427 posts

re: Precious metals market


My LCS is my main supplier. They don't charge tax if you pay cash and are usually about the same price as online. Just picked up a 10oz NTR sealed bar for $220.

I will be picking up alot more silver when the christmas bonus comes in.






Back to top


Back to top