gold pricing.

[rockriver]

interesting thread.. comparing prices over the last couple of years.
just for future reference.
gold 2433
silver 32.23
spot prices. and premiums are up to boot, especially on silver.
.

[rockriver]

this thread is interesting to read...
today. gold 2428 silver 27.60

i haven't checked in a week or more... but a couple of weeks ago silver was 31-32!!
so,
is this a huge buying opportunity ?? or the crash of pricing back to low 20's?

there is turmoil in the world ... i thought that meant silver and gold would rise..
if the turmoil sentence is true... the conspiracy voice says.. the big dogs are dropping the price so that
the big dogs can load up... whatcha think?

our local coin club, which always has an auction to finish off the meeting was cancelled .... because a big storm was threatening..
that was a justifiable cancellation. BUT, the main members have stuff to sell most meetings.
they were very slow to reschedule the meeting. didn't reschedule till some of us small fry encouraged.
hmm. is it possible that they weren't eager to have a meeting/auction while silver was off high's by 20% ??

[1Admin]

Why is there the large disparity currently between what is happening with gold and what is happening with silver?

"Market manipulation" is the standard I have no idea or the old dude that pimps PMs to me told me this cause he didn't know either but wanted to sound in the know... Any real answers? We can't blame market manipulation on every damn thing LOL.

Seriously though, gold has gone up more, while silver has gone down about $3. from it's recent highs (10% or more).

[prc-104]

The Big Club and like the comedian said "You ain't in it".

The big guys have the massive amounts to be able to do it and we don't.

The amount of ups and downs in pricing don't allow you and me to participate because the % of profit added onto any transaction kills us.
The big movers move large amounts and don't get hit by that.
They can sell on the narrow high and buy on the narrow low and make money.
We can't do that with just small $ transactions.

For us, the only way to do AU and AG is to buy and hold. We can make profit (acquire more AU and AG) by waiting for the big highs which is when you sell and then wait for a big dip and buy back more than you sold.
Eventually your quantity of AU and AG increase. Since we're! small we have to be patient.
Best to acquire and keep. Consider it a loooong term investment.

The tip is during the huge price jumps is sell 1/2 of your metal and when a big dip comes, buy more than you sold.
Always worked for me so far over the last 40 years.

BUT never sell more than 1/2 of your metal!

[prc-104]

SO, on today, Monday, the fluctuation in gold pricing (the "swings") are feeling like the old days just prior to massive ups and downs.
This "can be" an opportunity to sell and buy back ending up with more gold.
Likely won't happen fast but over the next month or so, it's going to be worth watching.
Seen it before but history doesn't repeat itself but often can rhythm.

[rockriver]

9-19 silver 31.05
gold 2586

i started this post on 9-9 ?somehow, forgot to post it... so deleted the comment which was mostly wrong!!
edited to correct gold number... looks like no one is reading and auditing my post... it read gold 29xx and nope... gold ain't ever been that high. looked on a chart and found 2586 for that day... corrected 10-26 !!

[rockriver]

information on the silver/gold retail market...

https://www.youtube.com/watch?v=kVYi3nIIYU4

this guy is in middle florida.. near tampa? i'm new to this youtube. his prices seem low if you are buying. fair if selling.
he is buying huge amounts of coins and bars and sending much of his refiner! that was a surprise to me.
not selling much over the counter.
i wonder if this is typical across the country? i suspect part of it is that lots of floridians are cashing out for 2 reasons.
1. silver is up... 2. raising money for storm repairs and higher insurance bills.

[Lowdown3]

Florida also has a ton of old people, when they die the grandkids and often kids also, don't know what to do with "granpa's old coins." Then they see these infomercials- "sell your gold to us" and that's how some of these places get it. Pawn shops also.

SIL manages rental property down there. Old guy died, remaining family was notified. Son drove down from up north. Spent a grand total of about two hours there trying to muck out all the old guy's stuff, gave up easily and left the rest. After a certain number of days (it was almost there when the kid finally arrived) the eviction started. BIL helps with these. They found a treasure trove of coins. Niece in law took some to a coin shop- they offered her crap prices thinking this young broad doesn't know anything. Suffice to say she has a smart uncle and step Dad who told her "hell no, that price is way too low!"

Guarantee you if the dead guy's son had found them he would have took the easiest route to turn them into greenbacks. If he couldn't be bothered to clean up for a few hours, he damn sure wasn't going to shop around to try to pick up another couple dollars on some coins.

[prc-104]

Gold is doing it's periodic large swings. Silver somewhat but not enough to pay serious attention to.
These gold swings up and down are again larger than normal.
This always prods me to pay more daily and inter-daily attention to it.
Just remember, I don't know squat about how gold prices are created...Wish I did

[prc-104]

Watching PM's and it looks like the ups and downs are about to go higher.
??

[1Admin]

Over $3K for the first time ever.

[prc-104]

Strange times in all the markets,,,,, US & global.
Wonder how it'll work out.

BTW the use of the word recession was never used in financial circles prior to 1971. Were we gaslighted back then too?

[rockriver]

wow. an old associate 10 days ago offered me silver eagles at 39. nope... i offered 38 cause in my wisdom silver had raced up to 38.40 and would be backing down. i was wrong it kept climbing.
it is now 39.01 i appreciate the fact that he has not called gloating!

gold 3399

[Patriotic Sheepdog]

I sold a few rounds as I couldn't wait to see what it would do...bought for $12-$15 back in the day...still have plenty to sell if it gets higher and then rebuy when it drops, like it usually does...

[rockriver]

i checked on friday and silver was high 38's i think
woke up early today - a monday - and decided to check.
i thought the markets were pretty quiet over a weekend.
sheesh
silver spot 40.86
gold spot 3491.

2$ increase on silver... what in he__ happened... or better what in the world happened over the weekend?