Pelican Parts Forums - Is it time to sell silver?

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Those ancients are great. Ancient and really old coins are tremendous value in terms of interesting objects you can reasonably buy.

I think a lot people have set their hold price to 100$. Id sell at $99 or wait out the transient if it hits that. Not sure the exact strategy but I suspect the when it breaks 3 digits buy back as a percentage of spot will be at a minimum.

Quote:

Originally Posted by GH85Carrera (Post 12597599)

As a kid into coin collecting, for every birthday and Christmas I begged for gold coins when gold was $35 per ounce. I got underwear, socks, and a cheap toy, no gold.

Finally I mowed a lot of lawns (50 to 75 cents per yard) and saved up enough to get a $5 gold piece for 40 bucks.

The internet showed the world how common coins really are, and the prices tanked. I suspect much of my collection, gathered at the face value is just melt value. I have not added to my collection in decades.

I have these ancient Roma coins, and some Arabic coins.

None are very valuable. The only one I have ever identified ig G in my collection, and the top photo explains it.

It kinda blows my mind how a coin that is 2.5 centuries old is just nominal value.

Such awesome examples of human history. It's like your own personal museum and every coin has a story about another land and another time. This would be worth far more than the silver melt value to me.

Quote:

Originally Posted by Cajundaddy (Post 12597594)

^^ This is exactly how I felt in 1980. A sure thing! Then precious metals went flat for 25 years as bonds and the stock market surged ahead. It was not my best hedge against inflation.

I do think precious metals still have a tailwind but how much and for how long, nobody knows. There is a rapidly changing geo-political environment happening right now and the possibility of this affecting markets is very real. My crystal ball is kinda cloudy. If I were invested heavily in metals I might decide to sell a portion and take profits to diversify a bit. A myopic view of any one market segment is how pigs get slaughtered.

YMMV

It's different this time mainly because of short supply and industrial demand, failing currencies
Way different and more powerful reasons now than in1980, 2011 or any other time

Quote:

Originally Posted by aschen (Post 12597640)

It just surpassed $100.

Im playing along as well, time to test my hypothesis!

I thought the algorithms would signal a sell order at 100. too but it seems to be maintaining

Its the buy price for physical at shops I thought would drift farther from spot at 100$. I feel that a lot of people will head to their LCS this week and they will get (further) overwhelmed.

Is it more insulting to get a 75$ offer for eagles at $100 spot or 70$ offer at 75 spot? I think many are practical and just care about the number, but my guess is some outrage for low offers.

I don't have any hypothesis for paper/market/spot price changes. Of course the reality is anyones guess just fun to speculate.

I don't see the low ball offers as outrageous or insulting but rather an indication that the market is discombobulated. The price has risen too fast for the market to keep up. Can't guess when but now is not the time to sell. I'm trading a couple of monster boxes for gold though. It may be too early logically but the GSR has dropped below 50-1 and I'm sticking to plan, and it will be good for peace of mind too. What's happening has been mind spinning