kkeegan123

OK, I just don't understand this, so I'm going to have to ask. I feel like the dumb kid at the back of the class but here goes. If the levels of physical silver available for delivery is dwindling, why are JPM et alii driving the paper price lower which will obviously encourage more buying of physical? If they can manipulate the market so effectively, why don't they hold a line at say $28 oz or allow a gradual and measured price rise, nothing crazy that will scare or threaten fiat, simply a healthy, rising market? Isn't this just a natural correction after an unhealthily strong run up? In real life, Ebay silver prices are holding or still rising and big dealer prices i.e CID are falling in line with spot price.

US credit rating downgraded by China......again. http://www.chinadaily.com.cn/china/2010-11...nt_11524811.htm Last downgrade was in June 2010, here is Dagong's full Nov report, http://www.dagongcredit.com/dagongweb/uf/USARatingReport.pdf An interesting extract from the report; JL

I'm using ebay quite a bit for PM buying. Makes me wonder about how many times in the past GEI members have bid against each other. Perhaps there should be an ebay thread on GEI. JL

Correction underway, this volatlity is awesome. Just getting started.... I won't be at all surprised if there is a massive financial shock this weekend causing total turmoil next week.

Hi Guys, Just a quickie, what are your thoughts on these please. http://cgi.ebay.co.uk/SILVER-BULLION-BARS-...=item4aa5f84b8c They don't seem to be attracting much interest with only 2 hrs to go... JL

That's a big difference between rounds and coins, surely an oz of silver is an oz of silver regardless what form it's presented. Does the premium come about because of a coins legal tender status or is it down to something else? At present, when selling on, coins undeniably attract a premium over rounds, but I wonder whether this will always be the case. JL

The 500,000 mintage will be spread equally between the Hot Springs National Park Silver Coin, Yellowstone National Park Silver Coin, Yosemite National Park Silver Coin, and the Mount Hood National Forest Silver Coin. The respective representing states are Arkansas, Wyoming, California, Arizona and Oregon. http://www.commodityonline.com/news/Soon-U...-28492-3-1.html

Hi Sprinkles, I was wondering whether you have ever sold any PM's on Ebay, I understand the various fees amount to approx 8 - 10% of selling price. I am thinking about selling a couple of silver eagles just to see how it pans out. I know it's premature, but I am investigating whether Ebay could be used as realistic exit strategy. JL

I love it, thanks guys. £675 now, think I'll save myself the hassle.

Here's an interesting auction on Ebay. Krugerrands are typically selling for around £880 - £920 at the moment, but the authenticity of the Krugerrand in this auction was questioned in the past. http://cgi.ebay.co.uk/Krugerrand-/23053233...=item35accc5218 Worth a bid at this price? I'm tempted, if I could acquire it for less than £720.

Wow !! The markets must have noticed that Just Learning (last of the big spenders) has put his hand in his pocket. Didn't realise I had such a large following..... I'll give you guys the heads up BEFORE I place my order next time $1309 and counting...

Well, just popped over to CID and placed my Sept order... , so prepare for a good correction in the next 24 hours. I went for Elizabeth Sovs @ £205.69 this time. With sterling at almost 6 month highs against the $, I am wary that we could see a weakening of the £ after the early October spending review announcement. On the other hand, if sterling rallies from here, I will benefit when it is time to place my Oct order. JL

RH, I've got a bad feeling about this one, got me spooked. People in the know are buying like crazy.

Could this be linked to the German PM's dealer selling out of all stock? OK, putting the implausibility of the Germans leaving the Euro aside, if they did (a big "if" I know), ramifications please for GBP and PM's. JL

OK, could someone please explain to me why Kitco have a link waiting to be activated pricing gold in german DM's??? http://www.kitco.com/market/dm_charts.html Ramifications please, if Germany exits the Euro??

OK, could someone please explain to me why Kitco have a link waiting to be activated pricing gold in german DM's??? http://www.kitco.com/market/dm_charts.html Ramifications please, if Germany exits the Euro??

Gold - $1231

Gold - $ 1212 Silver -$ 18.60 and rising fast... Hope I haven't jinxed it. Edit - Looks like I posted as prices were peaking. CID silver products page looks rather spartan.

http://www.minesite.com/nc/minews/singlene...es-soaring.html

Very nice. Particularly like the kookaburra. The bar can't compete with these beauties imo.

Coins normally sell for a premium over the same weight in ingots/bars and as CID were offering the 1 kg Libertads at 7% vat instead of 17.5 % it was a logical purchase. Incidentally, they are now back up to 17.5 % vat. Size wise, about 1/2 inch thick and dia slightly larger than a beer mat or coaster. Just noticed the big gap down for GBP on opening, wonder if it will fill ?

On the topic of good service, I've just received my 1kg 2010 Libertads from CID within 36 hours of placing the order. I had only seen photos of these coins before and it certainly didn't prepare me for seeing them for real. Even Mrs JL was impressed

http://www.bloomberg.com/apps/news?pid=206...ZHb9k&pos=2

Thanks for all your responses guys. I think this whole Greek tragedy doom thing is rattling me...

Hi Nobla, welcome to GEI. I'd like to throw out a question about exit strategy, if I may. I'm sorry if I seem preoccuppied with how I'm going to get out pf PM's, but as a physical long-term holder, having a pile of gold and silver in my safe seems pretty alien to me, even after all this time. Plus, I am on the verge of making another purchase that will put me about 40% in PM's. I am totally comfortable with this level of exposure, but can't help wondering whether buying is the easy part. Whichever way I look at it, I can't see a happy ending for the fiat money experiment. In cgnao's recent post (07/04/2010) he warns about "the end of the financial world as we know it" again. I like cgnao's posts BTW. If PM prices go "to the moon" as we all hope they will, won't this mean that that the value of paper money will have been crushed across the board. So, as the ultimate store of wealth will there be anything worth exiting into and whose going to be a buyer at sky-high PM prices. Am I making any sense?