Gold, Silver, PM's and Markets

Reply #5102

PB1  -  YGTBSM. $49.50 for a chicken dinner!! Must have been Kobi Chicken. What would they get for prime rib?

Regarding the paucity of posts: I agree with the excellent comments posted. Consider, too, we may still hear the echo of three prolific posters who passed recently. They struck a peal that still rings in my ears.

ROAN: Good luck with Blue Lobster and thank you for your succulent scotchfests.

Hello Bent Rifle. I think you're getting worse than me of this blizzard. I'm on the coast near the NH border. Hard to measure the depth because of the drifting. If I had not shoveled out the door, might have needed a window. Gusts into the 40's.

Re: Black Walnut
In 1979 I rented a vintage stone farmhouse in Langhorne, PA - next to a rail spur. The woods were filled with old growth walnut. We felled one thinking it was oak, and ended up burning the limbs. For reasons too complicated to explain, we were never able to mill the trunk which had an 18" core.

I stack the black walnut for wood worker projects. I have, one time, used it for firewood. That ached.

In 1964 I was on St. Croix. The circulating coins were mostly silver, unlike the states where the "aware" were pulling them from circulation. I must have added ten pounds of silver coins for the return flight. That started my stacking. About six months ago, I found a silver quarter in circulation - probably from a collection. The dimes have changed, all puns intended.

For the last forty years I have been stacking nickels from circulation. They have a melt value exceeding their monetary value, and I believe that melt value will rise. I have also stacked pre-1982 pennies which are pure copper. They are still in circulation, though getting scarcer. I know, melting US coins is illegal in the US, but someone may wish to buy them.

Remember those industrial fire extinguishers that hung on the walls of commercial buildings? They were constructed of copper & brass and many were converted in the 1980's into lamps. You could pick them up for $15-25. Today, they're listed at over $100 with another $50 for shipping. Considering where copper might go in the next few years, they might be a steal at $125!!

The ultimate question is who to sell to if you are selling...always a big "if." Ebay's Engelhard silver bars and rounds were a vigorous market a few months ago, with the prospector rounds grabbing twenty-thirty bids at just above the going spot. Today, those same bars and rounds are catching 2-3 bids at $80. The bullion market has cooled significantly on eBay. If you're the seller you're giving eBay 13.5% of the sale price, and you still have to ship it.

For those same bars and rounds, Kitco will pay 73% of spot, and you still have shipping costs. My guess is all the refiners are in the same range, though I did not research any other than Kitco.

The small dealers are in a bind because of the volatility. Few will buy and hold for a potential buyer. Expect a 20% mark-down from spot, at least, if you can find a dealer who will take the stuff.

My point is: this is a long-term market. We've seen marvelous gains in our physical in the last year. Those who started a while ago would see profits even with a 75% drop. Through 2026 and 2027 we could again see significant increases. Many of us have waited over forty years for these moves.
 
If you are new to this market in precious metals, I would recommend buying.

If you want to buy miner stocks, listen to the stock experts on this board. We recently lost a few to the Angel of Death, but we still have good analysts here who take the time to research mining companies and make their research available at this site. Again, I would recommend being in for the long term...two-three years. You should get a better return on your money versus letting it sit in a bank account. IMVHO. Enjoy Bugs!
 

Shanghai still posting $38 premium to Comex, but trending down. Nice arbitrage if you can find buyers and sellers.

Happy New Year Bugs. Welcome to the newcomers to the site and a toast to the greats we lost last year. Fasten your seatbelts.

@ CHEROKEE: Thanks for the Kenwood truck. I don't need that power, but was fascinated by the 2026 Corvette truck reviewed on the same site. Alas, they are all bricks at gov't discretion.

@ROAN: Hope your operation was successful and the recovery is swift and smooth.

@ ROAN: thank you for the five reasons Ottawa is screwing most Canadiens. I like the writing style, and it makes excellent points that apply here in the US as well.

Agreement from me on the sun's healthy rays. I never used sunblock, and have healthy skin. Told I look younger than I am. An early cure for melanoma was sun exposure. Then the "chemical/surgery" cures emerged and that information was suppressed.

ROAN Hope your carpal tunnel surgery is perfect, and you get a hat trick by Christmas.

A mind blowing morning:
Au & Ag exploding up
Traore making amazing statements
Japan raising rates

ROAN's question about validity of Traore video.... if you jump around in the tape, his voice sounds different, almost like a different speaker, but that could be audio differences. Was that supposed to be one news conference? Is there any corroborating video of the arrests, lab destruction, executions? He describes a perfectly executed operation which leads one to believe there must be video of the operation. Fingers crossed, enjoy the day bugz!

My intro to Kitco was in the 80's through a fellow in Florida who collected lottery scratch tickets and used the internet as a platform to tell jokes. I can't remember his name, nor am I sure he was my guide. I subscribed to The Privateer and conversed with Bill by mail. Business prevented a trip to Kitcofest, though we had a mini fest in Framingham Massachusetts thirty +(?) years ago - basically lunch at a restaurant. Duppy was there and maybe seven others. The advice I have received on many subjects has improved my life immensely. My thanks to all still here who have shared their thoughts and offered this advice. I'm eighty-four and still work full time - today is a day off. Good health to all of you.

If you think the last post was a high price for an oz of Ag, check this active auction on eBay bid high because of MS69 rating:

1984 Englehard the American Prospector AG The BERT!!! ONE OZ SILVER PCGS
100%  US $360.00
43 bids  Ends in 21h 49mTuesday, 03:41 PM

@ kapex - whooee!!! - totally agree a reset for silver to $400-600 would be most generous gift.
The problem with that price would be finding a buyer. Small dealers will not have the cash to cover the demand until they sell for profit, and the bigger dealers will hesitate until a real market is established. Ebay would have limited buyers, and sellers might discount their "gift" wealth just to move it. If we're lucky we find a cash outlet at the reset price.
 
If we see a large reset in Au or Ag, our profit will remain as paper until a market is developed. How long before we have a market? At least a year for a legitimate market, IMHO; black markets a different story, but those have limited access. There will be the government price, and the market price, I doubt the twain will meet.

It's never worth more than what you sell it for. And, as one vintage Wall Streeter put it: "You never lose money taking a profit."

I think Ag's bottom is 43.75. After that it's flat with some big ups and downs for a few weeks. After those quick ups and downs - a consistent move up. That's what feels might happen based on the oscillating plate theory (OPT). A spinning plate makes its loudest sounds just before it comes to rest.  It would be a nice Christmas Present.

Amen ROAN to your "Do not display wealth openly." And I would add ... give as much away as possible.  There are too many among us with valid needs. Nothing more rewarding than offering help.

 Monday is a Federal Holiday, but the stock market is open.

Thank you AF for Silver Storm. Nice moves since buying on the recent dip.

And thank you to someone - MUGWUMP? - for the reco on P2Gold up 42% today. If bought nine months ago it's a ten banger.

AF - t/u for the Silver Storm reco. They look good, and buying this dip looks even gooder.

Happy Birthday ROAN!!!

@ ROAN: I'm primarily an Ag stacker, so the hit on sludge quieted my totals. Looking forward to some four figure days. I hope yours are higher!

@ ROAN  Re: Garlic. My son is the farmer, and he said wait till now. I think it's hard-neck - my first year. The nodules are firm - about .75" inches. Tastes great which is all that matters. I have to give a bunch away.

@ Aurator: Thank you for the Kitlish Dickshunnery, and Northwester and all others who collaborated to create it in four days!!!
 When I first saw that, I was in awe .... and still am as I read it again. A marvelous undertaking, and a shrine to the group who thirty years ago gathered under Bart's watchful eye.

@ ROAN:  I've got the same micro-climate here. The storms come from the west, and split into a north section or a south section with us high and dry in the middle. Many times they fizzle out. Not as bad as you, but so frustrating seeing that liquid fertilizer disappear.

I've artificially irrigated much of the crops, so the yield has been good. Gushy's in her glory. Enjoy.

Best to you NW1 and a speedy recovery.

Thanks ROAN for the Gimli Glider story. I had not heard of this marvelous feat.

I'm in a Pool for Au & Ag respectively. I know Pools are Ponzi's - long term. Any thoughts on when I might bail out of a Pool in today's market. My gut is telling me now - and convert to US Eagles - legal currency.

Kapex - if you want someone else to do the DD, you can buy USAGX, a precious metal fund.

@ Kapex - thank you for the facial recognition info. For me, very informative.

@PB1 - thank you for the tell on AccuWeather. They have always seemed a whimsical forecaster.

I recently got taken by a scam. If you are booking a hotel on line, avoid using "bookingonline." They pay GEOOGLE to get to the front of the line, and even though you are speaking with a live person, it is not the hotel you instructed Geoogle to bring up. They will make you think it is that hotel and then double the price: they keep the markup. Thank you Geoogle - but typical behavior.

If you Geoogle "reviews" for bookingonline you'll see what I mean.

@ROAN -  re: the little gush plant growing. I did nothing - almost pulled it as weed. It must be from seed, and Gush is the 99% most probable culprit. I know of commercial vegetable hybrids that produce "seeds" that look great and then grow unhealthy and die. We await development and I'll keep you informed. I'm rooting for her. it'll be funny if she is a male.

I just signed in with my original password

@ HoldGold

Thank you for Sitzpinkler, the German word for men who sit for #1. As an old German who teeters in a dark bathroom responding to sleepy pee breaks, sitting down means not falling over into the shower. But then you have to get up!

Mugs and Roan,

Thank you for your excellent research and knowledge. I am confused why you are buying heavily when corrections in PM and equities loom so large. Would it not be better to purchase after the "corrections?"

Ahhh yes, PB1, those quirky bowels. Lack of water and lack of exercise worsens the situation.  I'd say we need at least a gallon a day to maintain homeostasis -that's sixteen 8oz. glasses a day. If you can do it, rolling your belly in waves up and down can move things around, or simply massaging the belly with the intent of moving things around. Carbs can be a problem if we are over 65.

Re: the pending downturn in precious, it's what I'm feeling as well. Stocks will be buoyed by safe haven European money until that runs out in a few months, and property values are flattening. Both are due for a slide south, which will pull all boats down into the sinking tide. By late Fall, we see the buds of hyperinflation waiting to blossom into 2026-27, and then it's off to the races. May we still have the grid so we can enjoy the cameraderie.

I got up too late, and missed 3K. Surely, it will return  ... as did Sherlock: Welcome Back,,,great to see you posting again. Knapper's faith in chemical bonds was grueling.

There seems to be acknowledgement on the forum that one religious group has a vast amount of control on our day to day living. If some are not happy with that group having control, are we in a position to measure how loudly individuals shout about their unhappiness? Seems to me more a matter of taste than censorship.

If others feel that one religious group does not have such control, and feels that group is being besmirched, they may wish to present the argument for why that religious group should not be disparaged. Or just ignore the "perceived" disparagement, because it has no bearing on them.

Censorship is a slippery slope. Tolerance - not as slippery....IMHO

A few years ago, we were asked by the organizers of a new Forum on Create a Forum to contribute money to keep the forum without ads - at least that's what I think the money was supposed to do. I pledged an annual contribution of $15 which was taken from my bank account yesterday. Is this contribution still necessary or am I just sending money to Create A Forum for no reason at all. Anyone have an answer? "

@skeena


Rename it as SKEEZER
https://usdictionary.com/idioms/skeezer/

I used the word Skeezer in the 1950's. As your definition points out, it was a woman who we felt was a Skank.

RE: WEED - I was 33 yo in 1974 and was just learning to smoke. A new hippie neighbor turned out to be a major smuggler, and for some reason welcomed me into his world. In two months I went from a weekend toker to visiting safe houses, seeing one ton shipments, & watching aluminum suitcases filled with 100's get buried. This lasted for a couple of years, and then the **** boys started muscling in. They "carried" and had Dobermans with pointed steel collars - nasty people. One of our crowd was followed from Florida to his safe house in New Hampshire, forced at gunpoint to open his safe, and shot in the back of the head. The rest of the group split up and went to hippie land. We did celebrate a wedding, though. Three guys from Columbia attended - the connections ran deep.

And thank you again ROAN for mentioning the Gushy.

Visited St. Croix in 1964-65. Because St. Croix was an island, 40% of the circulating coins were silver. I had no money for serious accumulation, but my travel bag weighed a hell of a lot more when I was leaving than when I arrived. Can't believe the premium on that stuff now! May we all be wealthy.

Thanks ROAN & Tammy re: scapes. Looking forward to Spring.

@ROAN - The Gushy Mints flourished and are now being burped into sweet smoking material. A very pleasant high, good yield. Christmas will be fun for friends and family. Thank you again for mentioning them. No need to grow "other tomatoes" this year - these will last fine.

Just put the garden to bed and the seed catalogue shows up yesterday...too soon, give me a month off. Hard-neck garlic and some flower bulbs went in the ground last weekend. Haven't done garlic in a long time. Still waiting for first hard frost - probably after Thanksgiving. Enjoy

Thank you for your service my fellow veterans. Enjoy your day!

Happy B'day Norwester, you'll make 90+. No reason not to.

Norwester - I had two friends successfully complete the porcine procedure. You'll sail through.

Pyrite - if we were closer I'd bring you some batteries. Hope things are improving.

@ROAN. Definitely a stoney buzz. Go lite on your first tote, it can overwhelm. Strong indica strain. Builds into a pleasant relaxed state. Best I've ever grown in 40 years. Colas are over one foot and easily 2" diameter. Wet weight over a pound a plant - 20 colas / plant. Now in second week of drying. Slight mold but it got isolated. Other than bone meal at the end, did not fertilize because of the soil mixture in which they were planted.  As with everything, it was the sun. We had drought conditions. Each plant got a slow drip from a large soda bottle each day. I have to pay for the water, until I get something rigged to catch the rain. Accidentally let the hose trickle for 45 minutes on one plant and it took an extra two weeks to mature. You can smell them a block away.
I can legally grow here. I had a former guerilla grower from the 1980's build the planting mix. I'll pass it along when he tells me what it was, otherwise I'd be guessing. What a pleasant discovery thanks to you. I know you will enjoy.

@BENT RIFLE You'd really be swell & suave had you bought Engelhard 3 oz. bars. There's one selling on Ebay for over $900!!! Fourteen bidders. The auction ends just after 6 EST if anyone is interested. That's sludge at over $300 an oz. The doorstop would be worth more than the house.

Hell, maybe you did buy them. Who am I to judge?