- Jul 29, 2014
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DOW down 400 points pre market gold up again as well as silver.....how long before the dollar dives and sends the metals skyrocketing?
Precious Metals
- Thread starter UFHealthGator
- Start date
- Jul 29, 2014
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In my humble and mostly loathed opinion(on here at least) I am not selling any gold or silver, paper or physical....for a while at least and never my physical unless I swap some gold for silver when the ratios change which is very likely. Remember Silver usually skyrockets after gold has had it's run up. Meanwhile BOFA is about to get caught with their pants down big time(see what just happened to nickel)....it will be glorious but get the f vck out of your paper stocks the day they start to turn. I'm thinking $80-200 will be the range it goes to this time.
On another note the more the stock market stays down and bonds are a catastrophe the more institutional money will move into precious metals the way it did into BTC and I think the PM's will also pull money from cryptos and from foreign markets since their currencies are being hit harder than the US Dollar.
Russia is likely JP Morgan's worst nightmare right now. Rumor is they had to cover for the COMEX last week when gold shot up. If Putin is successful at what he is REALLY doing 2 of our largest banks will need to be bailed out ....AGAIN...
Expert Says GOLD Could Hit $100,000 Soon!! (Here's How) - YouTube
Last edited:
- Oct 23, 2017
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For a really quick win, buy nickels for an almost ~72% immediate gain. Melt value is over 8 1/2 cents each.
From coinflation.com:
First calculate the melt value:
$4.6170 = copper price / pound on Mar 11, 2022.
.75 = copper %
$17.3212 = nickel price / pound on Mar 11, 2022.
.25 = nickel %
5.00 = total weight in grams
.00220462262 = pound/gram conversion factor (see note directly below)
The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.
1. Calculate 75% copper value :
(4.6170 × .00220462262 × 5.00 × .75) = $0.0381697
2. Calculate 25% nickel value :
(17.3212 × .00220462262 × 5.00 × .25) = $0.0477328
3. Add the two together :
$0.0381697 + $0.0477328 = $0.0859025
$0.0859025 is the melt value for the Jefferson nickel on March 11, 2022.
From coinflation.com:
First calculate the melt value:
$4.6170 = copper price / pound on Mar 11, 2022.
.75 = copper %
$17.3212 = nickel price / pound on Mar 11, 2022.
.25 = nickel %
5.00 = total weight in grams
.00220462262 = pound/gram conversion factor (see note directly below)
The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.
1. Calculate 75% copper value :
(4.6170 × .00220462262 × 5.00 × .75) = $0.0381697
2. Calculate 25% nickel value :
(17.3212 × .00220462262 × 5.00 × .25) = $0.0477328
3. Add the two together :
$0.0381697 + $0.0477328 = $0.0859025
$0.0859025 is the melt value for the Jefferson nickel on March 11, 2022.
- Jul 29, 2014
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Anyone use a metals depository to hold any of your metals? I am thinking of putting some of my future metals purchases into one for quicker liquidity once we see a huge spike in most likely silver. I love silver but it's biggest downfall is it's weight and bulkiness particularly when exchanging or selling back. Of course I keep enough on hand for "bugging out" and NWO sh!t" 
....
Another advantage of purchasing for vault storage is much lower/no premiums. Lately the premiums on silver are getting upwards of 20% of spot price and Eagles are a no go at $11-12 premium per coin. Even mint bars are $5 per 2.5oz bars.
The vault bars can be purchased in as little as 1/10 oz in gold and I think 1oz in silver for someone on a budget. Storage fees are based on amount of holdings and the annual storage fees seem pretty reasonable.
You can also sell or exchange without the hassle or worry of shipping(I'm always wound tight as a spring waiting on my deliveries). Anyone have any good or bad experiences?
....Another advantage of purchasing for vault storage is much lower/no premiums. Lately the premiums on silver are getting upwards of 20% of spot price and Eagles are a no go at $11-12 premium per coin. Even mint bars are $5 per 2.5oz bars.
The vault bars can be purchased in as little as 1/10 oz in gold and I think 1oz in silver for someone on a budget. Storage fees are based on amount of holdings and the annual storage fees seem pretty reasonable.
You can also sell or exchange without the hassle or worry of shipping(I'm always wound tight as a spring waiting on my deliveries). Anyone have any good or bad experiences?
- Oct 23, 2017
- 2,407
- 5,295
Anyone use a metals depository to hold any of your metals? I am thinking of putting some of my future metals purchases into one for quicker liquidity once we see a huge spike in most likely silver. I love silver but it's biggest downfall is it's weight and bulkiness particularly when exchanging or selling back. Of course I keep enough on hand for "bugging out" and NWO sh!t"
Another advantage of purchasing for vault storage is much lower/no premiums. Lately the premiums on silver are getting upwards of 20% of spot price and Eagles are a no go at $11-12 premium per coin. Even mint bars are $5 per 2.5oz bars.
The vault bars can be purchased in as little as 1/10 oz in gold and I think 1oz in silver for someone on a budget. Storage fees are based on amount of holdings and the annual storage fees seem pretty reasonable.
You can also sell or exchange without the hassle or worry of shipping(I'm always wound tight as a spring waiting on my deliveries). Anyone have any good or bad experiences?
Remind me why you’re thinking having PMs that are not in your possession is a good idea? For investment purposes? What do you anticipate happening that will make them a good investment?
- Jul 29, 2014
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I have PM's in my possession....
The reason for having them at a depository that deals in metals is liquidity, exchangeability and security(insured by Lloyds)without the hassle of shipping or lugging around...As I mentioned I have adequate supplies of PM's at arms length or very close but with a massive Bull Run in commodites that is currently happening and the highest amount of true inflation in history about to happen it would be enice to rapidly sell or perhaps exchange for another metal(metals don't always run at the same time) or even take delivery of it if I so desired....trying doing that with shares of GLD or other paper gold/silver.....not going to happen.
- Oct 23, 2017
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So for short term investment and arbitrage, right? I guess a depository is as good as anything else. I’m still trying to decide what an “adequate supply of PMs at arm’s length” is. When I think I’m there, a nagging voice tells me to “buy more”.
- Jul 29, 2014
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I'm right there with ya....something about being able to see, touch and feel what I paid for makes me reconsider.
- Jul 29, 2014
- 22,159
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Welp nothing is escaping...gold getting close to being down 15% or so since it's near all time high a few months back....seems like an eternity now.
- Jul 29, 2014
- 22,159
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Anyone dipping in? $1680-1720 is a major buy zone looking at the charts for Gold. I've been adding an ounce of physical and some paper everytime it crosses a resistance line on the chart on the way down(pretty bad when your internet dealer knows your phone# when you call ) Same with silver but only 15-20 oz at a time since the premiums are crazy. Thought about switching to bars but the premiums are almost the same so the buyback is an issue there.
I've bought twice now in this $1700-1720 zone for gold but I'm having a hard time not sending another check out tomorrow if it sits overnight.
Anyone else buying or is there another leg down? Next major resistance is around $1300 I believe.
) Same with silver but only 15-20 oz at a time since the premiums are crazy. Thought about switching to bars but the premiums are almost the same so the buyback is an issue there.I've bought twice now in this $1700-1720 zone for gold but I'm having a hard time not sending another check out tomorrow if it sits overnight.
Anyone else buying or is there another leg down? Next major resistance is around $1300 I believe.
- Jul 29, 2014
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Nice pop in the middle of the day for metals after sitting idle for the better part of a week.
Any experts here care to speculate that this was an accumulation rally since higher rates usually drive the metals lower with buyers thinking the Fed drops their pants in October/November which always sends the metals higher? Or is my hyperactive mind getting sucked into buying more clankity clank?
Any experts here care to speculate that this was an accumulation rally since higher rates usually drive the metals lower with buyers thinking the Fed drops their pants in October/November which always sends the metals higher? Or is my hyperactive mind getting sucked into buying more clankity clank?
- Nov 19, 2014
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Maybe the dollar might be rolling over so that might give gold a boost. but honestly I think gold has just become a forgotten investment. With oil/gas going straight up and the softs all breaking highs this summer, seems like the metals have been left for another day. Even when the talk was nothing but inflation, gold and silver barely moved.
- Jul 29, 2014
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Well I certainly don't put all of my eggs in that basket but since QE started in 2000-2001ish gold is up over 500%. It is also only down about 12% on the year so compared to other assets it has held up good especially in a rising interest rate and high DXY enviro....the truth is gold makes fast burst upward once the interest pendulum swings back to lower rates and then goes sideways or slightly down over longer periods.
You are correct about it being a tiny part of overall investment markets but I've been told money managers don't like it because there is no commission in the physical metals minus the mints and dealers.
- Jul 29, 2014
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Anyone seen the premiums on silver? Maple Leafs $10 over spot, American Eagles $19.00 over spot....A lot of out of stock tags on these items too or "limit quanity". Gold premiums have skyrocketed too and there seem to be very limited stock as far as coins go. Maybe the mints are just retooling for next year's run? There are rumors several of the world's largest mints (Perth and the US) have been out of silver since the summer though.
On a side note I have heard rumors that financial workers in London and other cities in Europe have sold off all of their stocks/bonds and are buying up all of the gold/silver along with c. banks. Could be rumors but supposedly the LBMA and COMEX are down 70% in physical metals compared to this time last year.... someone is buying the stuff up despite the prices remaining low.
On a side note I have heard rumors that financial workers in London and other cities in Europe have sold off all of their stocks/bonds and are buying up all of the gold/silver along with c. banks. Could be rumors but supposedly the LBMA and COMEX are down 70% in physical metals compared to this time last year.... someone is buying the stuff up despite the prices remaining low.
- Jul 29, 2014
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Nice bump this week. DXY tapering off should signal slowing inflation and a good enviro for the metals here soon. Still major shortages out there for a lot of popular items.
- Jul 29, 2014
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Holy crap I just looked at prices to see how bad the premiums are getting.....
Junk silver $17.39 per oz over spot
That's $52 premium per $5 face value or roughly 3.5oz.....
Silver Maple Leaf $9.99 over spot
Silver Eagle $20.29 over spot
Even Silver Krugerrands and Britainnia's are $7.49 over spot
Gold premiums have jumped up in the last few weeks too. My last purchase in February was Gold Britainnia's and Silver Maple Leaf's, premiums on the gold were $99 and 5.99 on the silver.
Most gold Bouillion is now currently $150 over spot per oz and almost $100 for fractional coins...Buffalo's and Eagles are about $200 over spot or roughly 10%...
Either there is about to be some huge ass shorts in these markets or the dealers are making major bank....I'll wait to find out.....
Junk silver $17.39 per oz over spot
That's $52 premium per $5 face value or roughly 3.5oz.....Silver Maple Leaf $9.99 over spot
Silver Eagle $20.29 over spot
Even Silver Krugerrands and Britainnia's are $7.49 over spot
Gold premiums have jumped up in the last few weeks too. My last purchase in February was Gold Britainnia's and Silver Maple Leaf's, premiums on the gold were $99 and 5.99 on the silver.
Most gold Bouillion is now currently $150 over spot per oz and almost $100 for fractional coins...Buffalo's and Eagles are about $200 over spot or roughly 10%...
Either there is about to be some huge ass shorts in these markets or the dealers are making major bank....I'll wait to find out.....
- Jun 12, 2014
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Founding Member
Yesterday, I was in a nice gold/coin/jewelry shop for a few hours. The amount of foot traffic that came in during that time looking to sell/buy was shocking. I was at an out of the way desk in the corner so I could just quietly watch as I was doing my business.
They simply cant keep inventory. Anything that comes is sold nearly instantly. The phone rang near constantly and the lady had the same reply, “we dont have anymore gold or silver to sell, check back next week”.
Tons of people came in selling old gold jewelry. Their verification was pretty interesting to watch.
I asked the dealer, “is it always like this?” He said business over the last 2 years has been life changing.
They simply cant keep inventory. Anything that comes is sold nearly instantly. The phone rang near constantly and the lady had the same reply, “we dont have anymore gold or silver to sell, check back next week”.
Tons of people came in selling old gold jewelry. Their verification was pretty interesting to watch.
I asked the dealer, “is it always like this?” He said business over the last 2 years has been life changing.
