wowzer.... silver down $1.30+... and gold down $20+

thats good for us poor folk!!! how do you look up copper prices??

Seeing how I still cant afford and ounce of gold, meh.
But me likey the silver drop!!!



WOOT!

SELL SELL SELL!!! Mortimer!!!!

how much do you think gold will be by january??

So...silver prices go down due to reasons I don't understand...everyone panics...sells...supply overshoots demand...YAY! I LOVE cheap silver!


Bye-bye gold prices!

i dont even know why silver and gold are getting smashed today... you would think with the stock market correcting.. that it might be a good thing for the silver and gold market...but who knows

could you imagine 150$ for a ounce of gold!!!

and to think that i bought 200 ounces of silver last night before i left... hahaha

Ouch!

should of waited!!!

Panic sell at the moment I guess but it's a bit overrated at the moment?

anyone have any free silver??? hehe

What I wonder is not what so much is going to happen to gold and silver, but where is the money going from the stock market, oil market, metals etc?

they might be beating up the silver and gold market to buy it cheaper with that money...

Well the bad news for buyers of gold and silver is that it went down, unless you had the good fortune to buy in when it was much lower. The good news if there is a bright spot, oil spot prices for Brent crude are now $70 a barrel, which is the lowest it has been in a while, and may go much lower, because the demand is just not there.

The reason I think everything is going down like it is, people want to pull their money out of everything and see what gives, and then it will come back in somewhere.

So sorry new window seller, canna sell the stuff I was going to pay for them with, because the price tanked. So the window market gets clobbered too

But now I may have to sell the 1799 Bust Dollar.

ill buy it hahaha id much rather have a nice coin then silver or gold worth the same

A lot of this was started by the leveraged hedge funds sitting with mortgage related debt that they can't sell for any price, and when they get a margin call they need to raise cash fast, and start selling stocks, metals, commodities and anything else not nailed down. Once they start it, then everyone else panics and we get a rush to the exits like we see today.

As for $150 gold Dustin, the last time it was that cheap, I was in second grade and not a big gold buyer on my 50-cent weekly allowance!

haha must of been nice!!! but 50 cents wasent bad back then..

50-cents wasn't very good, a coke cost 20 cents (though you got a nickel back for returning the bottle), same as a candy bar. Needless to say I could save up for something, or get a treat once a week, but that was about it.

You still get the same nickel for returning a can

eh maybe get 20.00 a week and it all goes on my gf lol and i scrap around to get coins..

Their value drops precipitously after they are 30 years old. Unlike coins, and other collectibles the GF's never increase in value.

haha true unless she was famous but i couldnt get that lucky!!

do what i did.... get one that likes coins...

that would be nice but everyone i know isnt into coins guess ill have to go to an coin show lol

Nah, it really would have been cheaper to stay single and not have kids, mortgages etc.

Not necessarily true Scottishmoney - she may become a famous model that you adore one day

Yeah, like that would ever happen.

the first time i bought my girlfriend to work... she snagged one of my redbooks and has been studying it since... i think i got a keeper guys hahaha

We'll see about that, she might be trying to find out how much you are worth.

I once dated a girl that did that on the first date, asked me about my income, car, etc. Needless to say a first and last date.

haha yea i dont like so called (gold diggers) lol they ask about money its over! lol unless theres something in it for me after dinner" wink wink " but eh no gold diggers for me!!

i would think so too.... but she likes to go to shows with me.. and likes to learn about stuff... so unless she wants to start her own coin shop... i think im alright hahahah

Dustin,

You can get copper prices here (about 1/2 way down the page) http://www.coinflation.com/

Ken

Ah, she just wants your coins

thanks ken !!!

That's a very useful web page Ken, thanks for sharing.


As for the actual prices and whatnot being all over the place, I could care less. The only thing that would annoy me is if silver went over $16 an ounce again, and gold hit $700 again. I collect coins for coins, not what they are made out of, if I had a collection of aluminum coins I would be just as happy, in fact I really like those! But I also make jewelry, and that is the only place that precious metal prices really hurt, it's hard to sell a ring for $200 when there is $175 in gold in it, so to me, the lower the better. Fine art jewelry for the most part doesn't relate at all to the value of the metal, I made a series of silver rings and the asking price was $325, while the actual metal value was only about $50 or so. ( I make really HEAVY rings too )

The market must have heard I was thinking about selling some silver again.

haha eh ill never sell!!!

Silver is never good to me, I had 300 Oz. for sale until today. Now it is back to selling something else. Anybody want a 1799 Bust Dollar(not cheap?)

not cheap well snce its a dollor ill give you two dollers hehe how much ya want for it?

if you are serious... shoot me some pics and PM me and let me know what you want for it...

Will give you the dibs when I decide to send her along.

Now is NOT the time to sell, its the time to BUY!!!

I think silver is going to make a big jump one day. Copper was 1.35 a pound 2 years ago. 1 year and 6 months ago it jumped to 3.75. I dont know what it is now. I would guess 2.95. I sold 214 puonds of copper when it was $3.50 a pound.

eh the market came back a lil today

You can call it a game or call it a gamble but everything we do is based on cycles and while raw metal may move up and down very quickly we will find collectable coins move in a much slower cycle. A very quick huge drop would put numerous local dealers out of business in an instant. Been that way all my life and I see no reason for it to change now.

Silver jumped to $80 an Ounce in Dec. 1979. That must have been a great year for some people. I think it went from $15 to $80 in a year.

Best investment in the world if you timed it real good.
gonna stock up on some silver tomorrow when Im at the coin show