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Metals, silver in particular, getting crushed.

Posted on 7/7/15 at 8:18 am
Posted by bayoubengals88
LA
Member since Sep 2007
19745 posts
Posted on 7/7/15 at 8:18 am
This post was edited on 7/20/15 at 7:51 am
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/7/15 at 8:37 am to
And...
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
5051 posts
Posted on 7/7/15 at 7:43 pm to
I still think the PMs have a ways to go down, Silver $12/oz, gold $900-1000/oz.

Just my uninformed opinion

I am not a big time trader of PMs, really just in it for the numismatic value mostly.

I am one of those crazy 'preppers', so I have PMs as a part of my portfolio as a hedge against inflation.

I have been getting some good buys here the last few months, with mostly junk silver: mercury dimes, pre-1964 quarters, Ben Franklin halfs, morgans, peace dollars. I have even picked up some silver Eagles.

People have been buying Silver Eagles by the wheel barrels:

quote:

NEW YORK, July 7 (Reuters) - The U.S. Mint said on Tuesday it temporarily sold out of its popular 2015 American Eagle silver bullion coins due to a "significant" increase in demand, the latest sign plunging prices have spurred a resurgence of retail buying.


quote:

This is the second time the mint has sold out of silver coins in the past nine months - it ran out of 2014-dated American Eagles in November last year.


I found this interesting too:

quote:

Dealers attributed the recent rush to purchase silver coins and bars to its low price relative to gold.

The gold-silver ratio was "way out of whack", said Jon Edelman, owner of Edelman's Coins in Jenkintown, PA.


LINK
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
77500 posts
Posted on 7/16/15 at 12:21 pm to
I did well trading palladium futures way back in 1997/1998.
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