Are Gold and Silver gonna keep going down?

[harbormaster]

IDK

Not sure sorry, I have only bought eagles off ads that I posted as want to buy and paid spot for them or less (different times not recently). Clearly the mark up on them now is more severe. To me if you are less than Apmex or JM and noting the sales tax savings you should find buyers.

I sold a good number of ounces right here on Calguns market place a decade ago almost when I was desperate and needed the money. The coins I sold were Canadian maple leaves and I sold them at spot on here in less then 1 day. Spot was $40 then.

Yeah I wouldn't be shipping; I don't even like shipping non-precious stuff. A lot of people aren't even aware theres still sales tax involved unless you buy more than $1500 I think. So yeah, 5 eagles would get free shipping, but then you're paying $22+ of tax on top of it which is nearly the price of another eagle. The several dollars over spot would still be cheaper.

Would you say (as me selling) $2 over spot per ounce for bullion is fair?
$4 over spot for eagles is fair?

[harbormaster]

Another big day for metals

Gold hits $2k
Silver over $25

God I'm glad I bought some of that silver ETF when it was dragging the low end of $5 a share - now at $9. (PSLV)

[Dutch3]

Silver over $28 this morning.

[The War Wagon]

Nope!

And just wait'll that next round of "free" gummint money comes out!

[the86d]

Silver over $28 this morning.

OMFGolly, up ~$10/ozt in ~30 days!!! +~55% in ~30days... Gold ever do that!?!?!?!?

[harbormaster]

Silver within a few cents of $29 up over $2 in one day. I thought $30 would be the high of this rally but now I'm expecting $40.

[QuinnBayArea]

Wonder when I should sell. I bought 400 ounces when it was $13

[harbormaster]

I get like that

I do that too. I think about it then I try to remember why I bought it really - for SHTF more then an investment. I did buy a bunch of the silver ETF PSLV at about 5.5 back in March during the market decline. I sold my original investment out at 8.25 and its over 10 already. They physical stuff I will hang on too.

In your case, if it were me, and I could get all my money out for 150 ounces and have 250 sitting there for free -- I would. That is about $35 an ounce. Not far away.

Wonder when I should sell. I bought 400 ounces when it was $13

[the86d]

If we get over $35-40/ozt, I might dump 1/3 to 1/2 and hold the cash until it drops again and flip High AG for Low AG... on the correction...(?) AKA when this calms down.

It appears the complete Zombucks collection is flipping for $499-$590 right now on eBay... hmmm
THOSE would be tough to part with, but profitable...

[harbormaster]

https://www.apmex.com/product/23331/1-oz-silver-american-eagle-bu-random-year

Just posted in OT since they had a thread there started on PMs. JM Bullion is running $41-43 and Apmex is almost $44 on US Eagles right now - random dates too. Those are PLUS sales tax unless you order $1500 worth. Kurgerand silver was $36.5 if you pay by check or wire transfer- again tax?

[Dutch3]

Wonder when I should sell. I bought 400 ounces when it was $13

I have sold 50 oz. over the past week or so. I had bought it at $14-$16.

I think I am going to hold on to the rest until I see where this is going.

[harbormaster]

South Korean mint coin -1 ounce silver offered by JMBullion right now

https://www.jmbullion.com/2020-1-oz-south-korean-silver-chiwoo-cheonwang/

at $37 basically an ounce.

British Min silver britania offered under $35 for single coin purchase

https://www.jmbullion.com/2020-1-oz-British-silver-britannia-coin/

These are the weekend prices - looks to me like they are expecting a bit of a correction in the meteoric rise as they came off those $40-$44 price points late Thursday.

[harbormaster]

South Korean mint coin -1 ounce silver offered by JMBullion right now

https://www.jmbullion.com/2020-1-oz-south-korean-silver-chiwoo-cheonwang/

at $37 basically an ounce.

British Min silver britania offered under $35 for single coin purchase

https://www.jmbullion.com/2020-1-oz-British-silver-britannia-coin/

These are the weekend prices - looks to me like they are expecting a bit of a correction in the meteoric rise as they came off those $40-$44 price points late Thursday.

[the86d]

Wow, 1ozt rounds rounding at about $32...

[wpage]

So the question is are Gold and Silver going to keep going down?

Dont think so now...