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Now at $48.
So if a collector of American Silver Eagles wanted to sell off a portion of his collection right now, other than Ebay, is there an efficient and quick way to do it? I haven't sold anything on Ebay in a while but if I recall correctly, you end up paying them around 13% of your final sales price, including all fees.
Say, anyone in the Tampa FL area interested in buying Silver Eagles for around 6.5% less than Ebay price?
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I can kinda see why youre wanting to sell, this is a truly unbelievable increase in price I mean this is fuckin crazy, ya gotta think it will plummet back to 30s or something but way Obama is fuckin with the dollar it may go up to a 100, seems everytime I check the silver price its up a couple more bucksComment -
It just keeps going and goingComment -
Someone is going to bust
If these prices keep going up the us dollar is going to be worthless and we go into a depression
Its is very scaryComment -
Be careful, nearly all commodities are being globally manipulated.
But I would hold on to any and all silver eagles and coins as a hedge against the ceaseless depreciation of the dollar.
Silver will most likely bust before it hits $100 though.Comment -
Bust? Never!Comment -
Love it, keep going!Comment -
Looks like we have been moving into a gold/silver/ commodites standard and most of the public doesn't even have a clue.....less than 1% of Americans invest in it...why isnt the biggest bull market since it started around 2000 covered by "mainstream news" for your benefit/opinion, ect. ?Comment -
Take a look at copper and nickel. A penny is worth about 2.8 cents in copper, a roll of nickels you buy at a bank for $2 is worth about $2.75 today.
Copper is referred to by some as the silver of the future.
China is sitting on 38% of the worlds copper btw.Comment -
But it's climbing at such an absurd rate, much faster than gold. Isn't it likely the market is being cornered and it will fall back down pretty hard? The hedge you speak of wouldn't make any sense in this scenerio.
Check out this article and the ones related to it. I'm not sure what to think: http://www.econmatters.com/2011/04/p...are-being.htmlComment -
You're missing the point. Gold and Silver are real money. The fiat means we used to measure it's value (ie the dollar) it's continually losing value. Silver historically has been 1/16 the price of gold. So if gold is $1500, then silver should be around $94. The central bankers have been shorting silver, manipulating the price to prevent the dollar from crashing. Only China and other big players holding worthless paper dollars realized it and starting buying physical silver since it's on the cheap. And apparently physical silver is running out.
But in the end, whoever is holding physical money (ie precious metals) won't lose their ass.
Dec 2, 2010
Dec 24, 2010
Jan 9, 2011
Feb 11, 2011
Mar 25, 2011
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Thanks for the info.Comment -
are eisenhower silver dollars up in value or still worth 1.00
I got pounds of them from when my grandparents were aliveComment -
Are you sure they're silver? (40% silver)
Most likely they're Copper-Nickel.
Silver Ike worth ~$15
Regular Ike worth ~$.25 (or face value $1)
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just found some old coins which i thought would be worthless and now sell for over 30 a piece on ebay
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Yes I understand, this is not all due to the dollar's actual depreciation though, it is mainly due to the increased desire to switch to a hard currency that is occuring with those WHO HAVE LOTS OF MONEY, only problem is theres not enough silver to match the supply of dollars they want to convert so the price goes up
Ppl are seeing whats going on in the news, they are seeing the unbelievable debt and are scared, they dont want to be caught with a million dollars worth 100k, they want to turn those dollars into something that Obama cant just print more of, thus the demand and value of silver go up as they buy it all up
Obamas got everyone thinking about rapid depreciation, hyperinflation, elimination of entitlement programs, the amount of silver conversion is skyrocketing bc of thatComment -
Cornering the market would (and has always in the past) caused the price to skyrocket...and then plummet once the cornering is found out (as it is illegal to do and the commodities market is heavily regulated)
BUT this isnt about an individual or corporation illegally cornering the market to artificially raise the price for a profit by selling it at its ARTIFICIALLY raised price (as there was not really that demand for the commodity), this is about MANY ppl wanting to switch their dollars for silver so that they avoid the effects of depreciation (real demand), this is a result of the fear (granted probably reasonable fear) that the value of a dollar is going to decline, when and if this fear is alleviated the price of silver will plummet (bc you cant generally SPEND silver so converting back to dollars will flood the market) but right now who knows when that will be, if everComment -
if i remember correctly the last time i cracked open my safe deposit box i got roughly 170 90% halves and 775 40% halves
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Fear of depreciation in the future drives demand to convert to increase and price to rise as well as the appeal of silver as an investment, current depreciation has already occurred so there would be no need to convert if there were not great fear the depreciation would continue. The price of silver is not directly inverse to the value of a dollar, the value of a dollar has not depreciated 150% in the last 7 months but the depreciation that the dollar is undergoing and the anticipation that it will continue to depreciate in the future is skyrocketing the demand to convert to hard currency at its current price (silver and gold) bc you know that if the dollar continues to depreciate the value of silver is only going to increase (it increases as its demand as a hedge against a failing dollar increases), since it is impossible to convert entirely to hard currency and thus have a direct relationship with the dollar bc theres trillions of paper and not trillions of dollars worth of silver, the increased demand to convert fiat currency to a limited amount of hard currency is whats driving the price higher and higher.
Think about it like this when the Hunt brothers bought half the silver in 1980 the price skyrocketed as they tried to corner the market bc the supply was diminished and as supply declines while demand remains unchanged the equilibrium price rose, had the COMEX regulators not stepped in and changed their rules regarding trying to corner the market on commodities (due to pressure from silver buyers complaining about the incredible price increase) the brothers would have made a fortune, the demand for silver rises as long as either the dollar depreciates, there is anticipation of depreciation or as long as it remains an appealing investment (the supply is diminished), I mean think about the investors that have made 150% profit on their investment in silver in the last 7 months, that is a very appealing % gain to investors so increased investing in silver itself also raises the value as those investors remove x amount of the supply of that commodity from the marketComment -
$17.3513705100 is the total melt value for the 1964 silver Kennedy half dollar on April 29, 2011.
17.35x170=2949.5
$7.1544252432 is the total melt value for the 1965-1970 silver Kennedy half dollar on April 29, 2011.
7.15x775=5541.25
2949.5 + 5541.25 = $8490.75 melt value
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I thought you were asking why silver goes up and I was saying its not only current depreciation levels.
What causes the dollar to depreciate? Its mainly an increasing national debt caused by an out of control budget which we have to borrow and pay interest on in the form of taxes, an imbalance in the currency exchange caused by a lack of confidence in the future of our economy thus ppl wanting to "sell" their dollars for some other currency, also perhaps even a Fed that prints too much money out of thin airComment -
Down to 46.4 today after being steady around 48 for the past week, looks like the ride may be overComment -
It's actually rebounded pretty well after a good crash from around 48.5 down to nearly forty-TWO yesterday before a quick rebound to 44.5. I hadn't checked today, but you say 46.5? It's pretty volatile. I wonder why the huge dip yesterday? I checked Gold and saw that it also dipped a good bit before rebounding a bit. Must have been some big news yesterday that caused this? (No, not "you know what" - the dip occured a couple hours before the media leak.)Comment -
It did drop sharply for bout the first time in a year and then rebound a couple bucks but for a while there it was jumpin a dollar a day, last week it got around 48 on Monday and just sat there pretty much all week, very low volatility compared to the previous time, then opens today at like 44 something and climbs to 46.4 but I just kinda think this is indicating silver may have topped out I mean ya have to understan 150% increase in 8 months is pretty unbelievable in itself, theres only so high ppl are willing to pay for an ounce of silver that was 18 bucks in AugustComment -
Holy shit, after posting that I checked the current price and its 43.5, the ride is clearly over for silver, its fuckin down 5 bucks since Friday, hell its down 3.5 bucks in the last 3 hours, what happened did they find a silver mountain somewhere
Maybe the price really is being manipulated by large investorsComment -
sure glad i bought a bunch over the weekend...Comment -
You all should have been on the metals especially copper since 2008. Now everybody wants some so they can have mine.Comment -
Yea I've heard copper is going through the roof, I know the poor neighborhoods they like break into air conditioners to steal the copper tubesComment -
i had silver call options from 11/oz and just last friday bought silver puts. silver is going lower.
the Fed's QE2 ends in June, and that program is NOT
being reinstated. There will be no QE3. The Gov will
pay back the 600 Bil, so will the banks, the Fed then
removes/cancels that money supply. Then we will have
a flight to safety away from the stock market and
back into the US dollar. Eventually interest rates
will also rise from this all-time lowest-possible level,
and silver's new bear market will be in the 26-34/oz price range.
gold will hang 1150-1350 range.Comment -
The silver ride is over, 41 fuckin bucks, down 7 dollars since FridayComment -
What do you mean pay back the 600? Buy back their bonds? That would only credit back the Fed's balance sheet for QE2, not cancel the expansion of the monetary base. The only way the money supply shrinks is by loans being written off (defaults). The 600B and the trillions before it are direct increases in money supply. They may be partially canceled out by junk loans defaulting, but that's not going to cancel the resulting inflation. And trusting the Fed to stop printing is a bit foolish. Why would they need to resort to QE anyway if they were actually looking out for the value of the dollar?
The writing is on the wall, the IMF wants to dump the dollar status as the world's reserve currency and replace it with one based on a basket of currencies and precious metals. The ben bernank will fight the move and isn't going to go down without printing every last dollar he can.
Of course other central banks are going to be printing too, so that may help the dollar in the short term, but all that means is money that has actual value (ie precious metals) will go up in price. QE2 may end, but QE3 will be around the corner. They may try to wait till next year, give the dollar a slight boom before crashing it. But what's going to keep them from printing more in secret anyway?Comment
