airamp

Elite Cafe Member
Joined
May 1, 2008
Messages
287
Hi,

Well the old standard "gold" is... A troy oz. (31Grams/oz not 28) of gold is 20 pennyweights silver price is the price of 1 pennyweight of gold...

So If gold is $1500/oz than silver should be 1/20 or $75.00 a oz. (gold standard).

It is still a bargain??

I still remember when the Hunt brothers used there silver holdings to distract the stock market so they could dump there garbage stocks in the late 70's.

In the late 70'S when silver hit $50/oz .

$1,000.00 of bulk silver U.S. coins was worth $27,000.00, according to the stock market and the Wall Street Journal.

Unfortunately now this is a real market and silver is still underpriced is seems at 45/oz.

Platinum, and Palladium market is also going up..

(Really all strategic metals are going up).

Biggest problem is if you triple keystone your items you can easily price yourself out of the market in this economy.

Keep your silver U.S.A. coinage… It may be a huge asset in the near future.
AirAmp
 
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Tira

~ Elite 1000 Member ~
Joined
Nov 9, 2006
Messages
1,551
Location
Doylestown, PA
Yesterday close had the $1000 bulk silver (old coin) bags at $32,096. We'll all be making jewelry out of this soon.
 

Sam

Chief Administrator & Benevolent Dictator
Staff member
Joined
Nov 6, 2006
Messages
10,490
Location
Covington, Louisiana
I've added a spot gold & silver widget to the right sidebar for all you gold and silver watchers :)
 

BJREBUCK

Member
Joined
Dec 19, 2006
Messages
61
Location
Hercules, Ca
I used to collect the 1 oz rounds from the various smelters. "silver stake mines" etc. I never sold any as I thought of it as an investment. I quit buying it
when it hit $14 an oz. I thought the price was outrageous. My average price paid is $7.25/oz. I wonder though if the devaluation of the dollar is more the
cause of the high price. There seems to more produced every year, it's not like it's a scarce commodity.
 

Ed Westerly

~ Elite 1000 Member ~
Joined
Mar 16, 2011
Messages
1,224
Location
southern California
Sam, Thanks for the gold/sliver price widget! Now I don't have to go to Kitco.com to look it up, I can just stay happily on the Engraver's Cafe!!!
 

monk

Moderator
Staff member
::::Pledge Member::::
Joined
Feb 11, 2007
Messages
10,857
Location
washington, pa
thank god i began hoarding copper ! i can get good stock at scrap prices. i forsee when that will become my new gold & silver.
 

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