Collecting Gold and Silver coins

[bakuten]

Chinese are not buying silver coins. They're buying big slabs of silver.

ya....the HNW folks there loading up.
meanwhile peasants jiak cao running food delivery....their income inequality really is next level.

 

[lousylah]

Looks like most bullion shops in SG are also running out of physical inventory for sale - except BS which now enjoys total pricing power (big premium, big spread).

SB is even offering to pay SPOT for all silver up to 1kg - even non-investment grade coins by Niue/Tuvalu or silver/gold coins by SG Mint (on GMS basis) >> good chance to monetize for those holding such items from before, way better than any pawn shop

retail fomo over silver is real…

 

[bakuten]

retail fomo over silver is real…

starting to hit MSM liao......but my aunts and uncs havent start to fomo yet.....so we are still early

 

[lousylah]

Strong metals selloff started due to (anticipated) index rebalancing > may last up to a week.

Take this chance to buy the dip and stack more!

https://m.investing.com/news/commodities-news/gold-prices-may-move-lower-next-week-heres-why-4434506

 

[bakuten]

Strong metals selloff started due to (anticipated) index rebalancing > may last up to a week.

Take this chance to buy the dip and stack more!

https://m.investing.com/news/commodities-news/gold-prices-may-move-lower-next-week-heres-why-4434506

and just like that....flash sale is over.


anyway....anybody know anything about british pre-decimal silver coinage?
simi farthing, penny, shilling all that

 

[lousylah]

Anyone bought online from bullionstar?
The delivery was supposed to be immediate, not those pre sale kind.

I paid two weeks ago and still didn’t receive the pm. I call them and they say that the orders are too overwhelming and they need more time.

Anyone got the same issue? Should I be concerned that they do not have the physical at hand?

Edit: I see many people on complaining bullionstar did not deliver after payment

Physical shortage is real and its global. Only COMEX and LBMA still pretending its BAU…

Check out the line-up the first major coin show of the year. (Video even put in the entire CNA clip i shared, lol)

The next major coin fair will be berlin at end of the month. SG coin fair will be MBS in march, but these days flooded with PRCs (!!)

 

[lousylah]

That’s why I buy physical right.

Now I fear that bullionstar might default and not deliver.

Dont think they default lah, just fulfillment delay > biz too huat.

collected my orders (placed during new year dip) from couple other shops in the past week.

Everyone low on stock, mostly WYSIWYG. Whatever on display is their current inventory, thats it. When you buy or collect, staff just pick out from the display and pass to counter staff for the customer. (Unlike in the past where they may go to back-office/vault to collect your order)

GSC most chaotic > no queue nor ticketing system whatever. Appointment or walk-in all just cluster around the tiny shop then every few min the grumpy staff will shout out loud “who’s next? Who came first?!”

Worse than queuing at hawker centre! Lol

 

[NintendoSwitch]

Anyone bought online from bullionstar?
The delivery was supposed to be immediate, not those pre sale kind.

I paid two weeks ago and still didn’t receive the pm. I call them and they say that the orders are too overwhelming and they need more time.

Anyone got the same issue? Should I be concerned that they do not have the physical at hand?

Edit: I see many people on complaining bullionstar did not deliver after payment

They're business is too good? I saw a banner on their website stating $5k minimum transaction. Could have sworn it was less than that two months ago, and there was no such thing when I bought from them earlier last year.

 

[Mephist0pheLes]

They're business is too good? I saw a banner on their website stating $5k minimum transaction. Could have sworn it was less than that two months ago, and there was no such thing when I bought from them earlier last year.

There's a silver fomo now. That day I was collecting gold at another dealer. A pair of customers brought a mini luggage to load their silver bars.

 

[Mephist0pheLes]

Physical shortage is real and its global. Only COMEX and LBMA still pretending its BAU…

Check out the line-up the first major coin show of the year. (Video even put in the entire CNA clip i shared, lol)

The next major coin fair will be berlin at end of the month. SG coin fair will be MBS in march, but these days flooded with PRCs (!!)

I new to this. The sg coin fair worth going?

 

[NintendoSwitch]

There's a silver fomo now. That day I was collecting gold at another dealer. A pair of customers brought a mini luggage to load their silver bars.

I have given up on gold and silver for now. Way too expensive for whatever spare cash I have left every month.

 

[Charles_Chi4]

I have given up on gold and silver for now. Way too expensive for whatever spare cash I have left every month.

Silver is still 100ish per oz, compared to gold 5.8k ish per oz as of now. Not sure why u can’t buy silver. Long term wise it will always go up against inflation. Just a matter of how long u can hold in case it has short term fluctuation.

 

[bakuten]

Anyone bought online from bullionstar?
The delivery was supposed to be immediate, not those pre sale kind.

I paid two weeks ago and still didn’t receive the pm. I call them and they say that the orders are too overwhelming and they need more time.

Anyone got the same issue? Should I be concerned that they do not have the physical at hand?

Edit: I see many people on complaining bullionstar did not deliver after payment

if it the item got state is pre-order then they usually give a date.

but this one seems more like a logistics issue more than anything.

i've bought from them for a decade.....never have i seen such a big crowd for such a prolonged period. Most likely they can't hire enough ppl quick enough to satisfy all the demand. I work near it's outlet, so i walk past it almost daily for close to a decade.

ppl need to understand that their actual vaults are not at their outlet, it is somewhere else.
when big volume orders come, there will be lead time from processing the order, submit the request to withdraw from the vault, to picking up the vault, then packaging the metals, documenting the packages for insurance, then finally delivery.

they probably underestimated the amount of orders they getting.

my wife is looking for a job change and I told her to apply for a role there, but so far they havent replied. haha

 

[bakuten]

They're business is too good? I saw a banner on their website stating $5k minimum transaction. Could have sworn it was less than that two months ago, and there was no such thing when I bought from them earlier last year.

it went from $200 minimum to $500 to $5000 within a week

 

[bakuten]

I have given up on gold and silver for now. Way too expensive for whatever spare cash I have left every month.

expensive is relative.
a few years ago i bought 100 silver eagles at 25% premium at around $35 per coin.
now i look back and am glad i paid the premium lol

 

[bakuten]

Silver is still 100ish per oz, compared to gold 5.8k ish per oz as of now. Not sure why u can’t buy silver. Long term wise it will always go up against inflation. Just a matter of how long u can hold in case it has short term fluctuation.

im already diversifying into US pre-1965 coinage from carousell....some of them still listed for near or under spot

 

[Mephist0pheLes]

Silver is still 100ish per oz, compared to gold 5.8k ish per oz as of now. Not sure why u can’t buy silver. Long term wise it will always go up against inflation. Just a matter of how long u can hold in case it has short term fluctuation.

silver dont always go up against inflation. after the surge in 1980, it remained down for 30 years.
And since the surge in 2011, it remained down for 14 years.

Silver is not gold, it is not an inflation hedge. it is largely an industrial metal in today's economy and its prices will adjust according to industrial needs.

would it still go up/remain strong in the "near" term? Likely. Because of current strong demand for data centers, EV and other electronics. but tech installation will eventually slow and when supply catches up with demand again, silver is likely to see a significant correction.

 

[bakuten]

silver dont always go up against inflation. after the surge in 1980, it remained down for 30 years.
And since the surge in 2011, it remained down for 14 years.

Silver is not gold, it is not an inflation hedge. it is largely an industrial metal in today's economy and its prices will adjust according to industrial needs.

would it still go up/remain strong in the "near" term? Likely. Because of current strong demand for data centers, EV and other electronics. but tech installation will eventually slow and when supply catches up with demand again, silver is likely to see a significant correction.

you gotta first understand why silver has been so "cheap" since 1971 relative to gold compared to throughout history all the way back to Roman times. u gotta zoom out more and not just focus in on 1981 till today.

basically, silver got gradually demonetized globally post 1965....and the process was completed in 1971 after the Nixon shock of demonetizing gold.

that pile of silver that was supposed to be coined into money became an enormous industrial/jewelry inventory instead.

the past 50+ years....industry/jewelry have been drawing down from this massive stockpile....only recently did the stockpile run low enough due to new industrial uses and investment demand that we are starting to see the price actually slowly trending back to the historical norm prior to 1965.

Earth's crust ratio sits at around 1:15, today's mine production sits at around 1:8....with 70% of the production coming from base metal mines....there isnt alot of pure silver mines out there profitable enough at today's price to justify massive investments into exploration and development of new pure silver mines.....which is usually a decade long process. 1981 and 2011 taught alot of miners to becareful and not overextend themselves in a bull market, it's a highly risky sector.....hence im not expecting supply to ramp up quickly anytime soon....eventually yes....perhaps in 5-10 years' time.




just enjoy the price "re-discovery" of silver in our modern world for now ba.
how high will it go is anybody's guess, it could stop at $100 or blast through it......nobody knows for sure where it's going to end up stabilizing at since what we are seeing here is unprecedented.

my strategy is to watch the gold to silver ratio, the dollar number is not that important in the larger scheme of things.

 

[lousylah]

Hours ago (late night US time) Comex raised margin (again!) and making it dynamic going forward. This will squeeze both longs and shorts, leveraged traders of paper metals will have to actively manage their positions and margins daily now.

for us stackers, its simple, buy the dip (if any) tonight. A few bullion shops have 24/7 order system linked to SPOT prices, just add to cart and confirm order once prices dip!

https://www.moomoo.com/news/post/63940368/amid-a-significant-surge-the-cme-group-has-taken-action

Comex physical delivery of silver so far in Jan is already 3x Jan 2025 and 5x Jan 2024 while still more than half a month to go! Comex vault is emptying out fast thus their desperate move above on margin trading.

 

[bakuten]

Hours ago (late night US time) Comex raised margin (again!) and making it dynamic going forward. This will squeeze both longs and shorts, leveraged traders of paper metals will have to actively manage their positions and margins daily now.

for us stackers, its simple, buy the dip (if any) tonight. A few bullion shops have 24/7 order system linked to SPOT prices, just add to cart and confirm order once prices dip!

https://www.moomoo.com/news/post/63940368/amid-a-significant-surge-the-cme-group-has-taken-action

Comex physical delivery of silver so far in Jan is already 3x Jan 2025 and 5x Jan 2024 while still more than half a month to go! Comex vault is emptying out fast thus their desperate move above on margin trading.

the margins this time is % based....not fixed number.

but its a gd thing....let them raise moar!