Is Silver next?

[ancjr]

I noticed silver and gold were lower today, but still pretty flat once they went down.

Too many long red candlesticks to call a bottom for me.

 

[ancjr]

Essentially, just some more buying opportunity...

 

[spencer rifle]

Slight dip today, so I though I'd get some of these:
https://sdbullion.com/1-2-oz-us-commemorative-arts-gold-medal-random-design?qty=1

 

[ancjr]

Methinks injections of funny money are tamping down commodity prices.

 

[snorko]

Slight dip today, so I though I'd get some of these:
https://sdbullion.com/1-2-oz-us-commemorative-arts-gold-medal-random-design?qty=1

I've looked at those as well. I wish they ALL had the metal content and weight on the coins. SD also has 1/2oz random design coins for about $30 more.

 

[ancjr]

Platinum on sale: down $190+ dollars since the 4th.

 

[spencer rifle]

I requested that, as a return customer, they look over the coins and only ship ones that have "one half ounce gold" on them (even though it's supposed to be random). We'll see if they actually do that, and I will let you know.

 

[DoggyDaddy]

I requested that, as a return customer, they look over the coins and only ship ones that have "one half ounce gold" on them (even though it's supposed to be random). We'll see if they actually do that, and I will let you know.

Since those are 90% gold (like junk silver), how do you determine the price per ounce? Is it as simple as .90x.5 = .45 oz.? So 997.29 / .45 oz = 2216.20/oz.?

 

[ancjr]

Since those are 90% gold (like junk silver), how do you determine the price per ounce? Is it as simple as .90x.5 = .45 oz.? So 997.29 / .45 oz = 2216.20/oz.?

That math checks out.

 

[DoggyDaddy]

That math checks out.

Well I had seen someone (snorko maybe?) say that $1.40 in face value for junk silver = 1 oz. for figuring prices, so I didn't know if there were some other formula for "junk" gold.

 

[ancjr]

Palladium is down about $1000/oz since the 7th. It appears to be recovering today.

 

[ancjr]

Well I had seen someone (snorko maybe?) say that $1.40 in face value for junk silver = 1 oz. for figuring prices, so I didn't know if there were some other formula for "junk" gold.

Gold coins don't have a consistent dollar denomination per ounce, or there could be a formula same as with US 90% silver coins.

 

[DoggyDaddy]

Palladium is down about $1000/oz since the 7th. It appears to be recovering today.

It is? I'm showing that it's up $101.00 for the last 30 days.

 

[DoggyDaddy]

Gold coins don't have a consistent dollar denomination per ounce, or there could be a formula same as with US 90% silver coins.

That makes sense I guess.

 

[ancjr]

It is? I'm showing that it's up $101.00 for the last 30 days.

View attachment 188288

Yes, the charting dates do make a difference. It could be down 30% today and still be in the green on longer term.

 

[DoggyDaddy]

Yes, the charting dates do make a difference. It could be down 30% today and still be in the green on longer term.

It's currently at 2348.00 now, so are you saying on the 7th it had gotten up to around 3348.00? That's a huge swing!

 

[DoggyDaddy]

Wow, you are right! I had no idea since I don't follow Palladium.

 

[ancjr]

Looks like about $3424 was the "tippy top" to quote the economic genius AOC.

 

[DoggyDaddy]

Looks like about $3424 was the "tippy top" to quote the economic genius AOC.

That's crazy. Dang!

 

[ancjr]

Just imagine if there were an expansion of automobile manufacture to increase demand for it at the same time that supply is dwindling. That's what this commodity market is. Industrial supply and demand are both decreasing, but supply is decreasing faster. If demand reverses and starts to increase outside of an inflated helicopter money economy into a real economic recovery... these prices are going to look like pennies.