Are Gold and Silver gonna keep going down?

[Desertdoc]

Not sure how big of a dive it will be but I can see auto loans tanking as people finance more car than they can reasonably afford, sub-prime loans are growing.

[5minutegunner]

This thread is crazy

[the86d]

This thread is crazy

We ARE only 2-5% of the US population...

My mother called me crazy once...
ONCE!

[Not a Cook]

I'm surprised no one here has mentioned it, but this should be a pretty good time to buy. Why? Triple witching week:http://www.silverdoctors.com/silver/...sh/#more-75893

[Not a Cook]

The BU, rest is numismatic gambling.

I really enjoy my 2015 silver kilo coin on my desk. Paid $558

Thanks for the reply! I'm guessing no one else participating in this thread is into Libertads.

Which kilo is on your desk? Pics?

[sixoclockhold]

http://www.apmex.com/product/84365/2015-australia-1-kilo-silver-lunar-goat-bu

[the86d]

Thanks for the reply! I'm guessing no one else participating in this thread is into Libertads. ...

I have a few, and a couple Onzas, however with the large premium associated with Libertads, and no .gov face-value on them, they are typically considered "bullion rounds", not .gov "coins", from the research I have done anyway.

Numismatic values depend on having a .gov mint a face-currency value on "coins". Just not really worth it for me for $8-$15 premium on .gov bullion w/no face-value. I think I do about 5:1, 5 bullion, to 1 .gov minted, and the premium would be hard to recoup, even if sold on eBay, or in a time of crisis (or family financial emergency). The more I think about it, the more I turn to best bang for the buck, and if it needed to be sold, I wouldn't be mad with getting rid of $0.50-$2 premium/OZ generic vs. something I paid a $10 premium for per OZ, as they have no .gov-printed value. Speaking of which, it's payday... time to drop some fiat on bills.

[the86d]

Is it just me, or every time I see AG @ $0.59 over spot sale, it seems to drop soon after?

[Not a Cook]

Is it just me, or every time I see AG @ $0.59 over spot sale, it seems to drop soon after?

It's not "just you"; I've noticed that I tend to see those sales right before options expiry (which is when the big players always drive the spot price down to cover their shorts).

[BigBamBoo]

I have gold maples and combi bars I am selling at spot. If your in No. Cal., we can meet up.

.

[Not a Cook]

I have a few, and a couple Onzas, however with the large premium associated with Libertads, and no .gov face-value on them, they are typically considered "bullion rounds", not .gov "coins", from the research I have done anyway.

Numismatic values depend on having a .gov mint a face-currency value on "coins". Just not really worth it for me for $8-$15 premium on .gov bullion w/no face-value. I think I do about 5:1, 5 bullion, to 1 .gov minted, and the premium would be hard to recoup, even if sold on eBay, or in a time of crisis (or family financial emergency). The more I think about it, the more I turn to best bang for the buck, and if it needed to be sold, I wouldn't be mad with getting rid of $0.50-$2 premium/OZ generic vs. something I paid a $10 premium for per OZ, as they have no .gov-printed value. Speaking of which, it's payday... time to drop some fiat on bills.

Government minted gold and silver coins are classified as bullion coins.

Some supposedly-government-minted-coins are really just rounds, because there is no functional, sovereign nation minting/backing them (e.g. Somali "coins", even though Somalia is without a functioning government and certainly isn't minting these rounds).

Libertads are bullion coins AND can be (depending on the particular Libertad) either semi-numismatic coins or a few are even numismatic coins.

For instance, the current year's kilos I was asking about previously have (depending on which) total mintages of either 800 coins (prooflike) or 2,000 coins (BU). Compare that to the "limited mintage" advertised for the kilo that Sixoclockhold posted (which is something like 35,000 coins, if memory serves me correctly). Even though a BU kilo is technically just bullion, they tend to see significant premiums several years after issue as collectors target them to complete sets and so become more of a semi-numismatic.

Many of the Libertad proof coins (which are very popular) have very limited mintages (some literally as low as 100 coins), but so do a lot of their BU coins. For example, this year's 1/2 ozt. BU gold Libertads had a mintage of only 1,200 coins. That's a pretty impressive number for a coin that sells as bullion with a relatively low premium (less than 5% if you buy it right).

They have no face value because the Mexican mint/government recognizes that FV is basically entirely meaningless, but that doesn't mean they aren't government coins. Folks like Hugo Salinas Price are on a mission to get the Mexican government to officially monetize the silver ounce, but it hasn't happened yet (although some suspect it may be closer than ever thanks to President Trump).

I don't know where you've been buying Libertads, but assuming they're current year one-ounce silver Libertads, the premiums you noted are WAY out of line. I know people were buying this year's silver, once ounce Libertads for $1.70 over spot.

[Not a Cook]

I'm surprised no one here has mentioned it, but this should be a pretty good time to buy. Why? Triple witching week:http://www.silverdoctors.com/silver/...sh/#more-75893

Interesting short-term/daily PM charts right now... looks like the spot prices were driven down yesterday to allow the big players to cover their shorts at lower prices and have been allowed to drive back higher today since the shorts were covered yesterday at the lower prices.

The question is: how will the two remaining parts of the "triple witching week" still affect spot prices?

[sixoclockhold]

Cookie if you like the coin, buy it, don't ***** foot how the prices are down.

It's a good looking coin. Yes it doesn't have the same market for a mexican coin as say some other popular ones but it's calling you.

In 5-10 years kilo coins could be the fad and you will have scored with a very low mintage one.

mines 25,000 roughly sold according to the last official Aussie website tally.

[sixoclockhold]

I have gold maples and combi bars I am selling at spot. If your in No. Cal., we can meet up.

.

Maples go for spot -$20

[sixoclockhold]

"with an etf"...how about the fund name?

Let's see if you are as "funky" as you think you are.