Stacking/buying Gold and Silver?
- Thread starter tonyride
- Start date
Hmm, I might grab a couple for my nieces before you dump them. Looks like $60ish a piece.
I gave them each a handful of Washington silver quarters back when they were like $5/each. Now they are $14/each.
tonyride
Don't piss off the red guy
I'll take what ever is left over if you're selling them. What's your price?
Aren't there always the same amount of buyers as sellers?
If prices are high, that should be an indication that there's more interested buyers than sellers.
tonyride
Don't piss off the red guy
I don't pretend to know the psychology of precious metal collectors but I suspect there are always more buyers than collectors. Otherwise all the gold and silver will just be recycled back and forth. Also, silver is very different other than the fact that one is silver and the other is gold. Silver is an industrial metal meaning it is being consumed. I think part of the reason why silver prices is spiking is they forecast the need for them for industrial purposes. The new solid state batteries use a lot of silver. I think I heard that for EV applications the batteries use a kilo of silver per EV. Plus with the growth of AI, solar panels, etc. they all use silver and since it costs too much to recycle/recover silver from old electronic components, it just gets tossed. Gold is not an industrial metal so it doesn't get consumed. Anyway, whatever the reason, precious metal prices a going up.
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1) The amount of buyers at a sale equals sellers. There may be more buyers at a lower price or sellers at a lower price, but when there is a sale the # is equal.
2) Gold is heavily used in electronics. It goes a long when plating way but many electronic components are gold plated especially contacts to resist corrosion. Quick googling says it's 20-50 grams of silver in an EV and 10-15 grams of Gold.
tonyride
Don't piss off the red guy
I understand gold is used in electronics but not at the level of silver. As for EV batteries, I said the new Solid State EV batteries using silver-carbon composite by Samsung that uses up to 1000 grams per 100 kWh battery pack, not the current lithium-ion batteries. Maybe I didn't make that clear. Whatever. I'm not here to argue all that. The point is precious metal prices are increasing at a fast rate and silver at much greater rate than gold. Just last year the SGR (silver to gold ratio) was about 100, now it is at around 56.
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It's also arguable that the easy to mine Gold and Silver has been mined and it'll just get harder and harder.
I don't recall the numbers but I read recently the % of the total gold on the planet that has already been mined is pretty high.
Interesting thing about the Morgan Dollars is they have both the silver value (melt value) and high numismatic value.
They are still common enough that the low quality coins aren't worth much above their melt value - and with silver high,
they are going to disappear -> turned into silver.
What is their numismatic premium? Well, can it keep pace?
The best coins are worth much more.
The middle grade coins? If they get turned into silver bullion, that drives up the ones that remain????
Anyway, will let you know. I don't have uncirculated, they are all collected.
Most VF or better taken out of circulation.
I think about what it meant for my grandma (secretary type) to collect dollars.
Current full melt value is >$60/coin
They are still common enough that the low quality coins aren't worth much above their melt value - and with silver high,
they are going to disappear -> turned into silver.
What is their numismatic premium? Well, can it keep pace?
The best coins are worth much more.
The middle grade coins? If they get turned into silver bullion, that drives up the ones that remain????
Anyway, will let you know. I don't have uncirculated, they are all collected.
Most VF or better taken out of circulation.
I think about what it meant for my grandma (secretary type) to collect dollars.
Current full melt value is >$60/coin
tonyride
Don't piss off the red guy
Can you post pics of front and back of them?
tonyride
Don't piss off the red guy
I just reread what I wrote before and noticed I made a typo. Where I said "I suspect there are always more buyers than collectors" I actually meant to say "more buyers than sellers".