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| Nicholas |
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Deus Ex Machina   Registered Member #1 Joined: Sun Jul 01 2007, 10:10pmCity, State:: Ocala, Florida Posts: 559 | Well right now you get about 40 oz of silver for one oz of gold. If silver were to hit $40/oz and were to maintain that ratio we'd also see gold at $1600 an ounce. | ||
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| BCNumismatics |
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 Registered Member #378 Joined: Mon Mar 22 2010, 07:19amPosts: 260 | Prices will continue to move upwards as the demand for precious metals continue to increase - especially for gold & silver. I don't see how Kelantan is continuing to manage to keep its gold & silver Dinar & Dirham coins in circulation,but it is managing to do so. Aidan. | ||
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| Nicholas |
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| Deus Ex Machina Registered Member #1 Joined: Sun Jul 01 2007, 10:10pmCity, State:: Ocala, Florida Posts: 559 | At some point I was expecting some of the major holders to dump their silver hoards. Maybe that will happen at $40/oz. It is impressive that the coins are not being hoarded in Kelantan. | ||
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| BCNumismatics |
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| Registered Member #378 Joined: Mon Mar 22 2010, 07:19amPosts: 260 | Nicholas, This is likely to change in Kelantan,as even the demand for precious metals as a hedge against inflation continues to grow.The first casualty is likely the Kelantanese coins being forced out of circulation & into the hands of the people. Collectors will most likely have a hard time trying to find examples of any denominations in the Kelantanese coin series as a result. Aidan. | ||
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| Nicholas |
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| Deus Ex Machina Registered Member #1 Joined: Sun Jul 01 2007, 10:10pmCity, State:: Ocala, Florida Posts: 559 | One day last week silver was over $48/oz. Today it's down to $36.52. Yikes! That's why I don't speculate in silver. I just buy pretty coins. :) | ||
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| double mike |
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 Registered Member #249 Joined: Sat Dec 19 2009, 07:04pmCity, State:: Jacksonville, Fl. Posts: 92 | I think that what we are seeing is a large selloff of silver. This is only a bump in the road. I think that it will go back up as fast as it has went down. Maby next week. We shall see. I understand there has been a large selloff of silver coins so much so they can not melt them fast enought. What a shame to melt coin for there silver. | ||
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| Nicholas |
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| Deus Ex Machina Registered Member #1 Joined: Sun Jul 01 2007, 10:10pmCity, State:: Ocala, Florida Posts: 559 | ArticleThe article above had some interesting things to say about metals over the last couple of days. | ||
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| BCNumismatics |
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| Registered Member #378 Joined: Mon Mar 22 2010, 07:19amPosts: 260 | Nicholas, I have been informed by Umar Vadillo that Kedah will be the next Malaysian state to put Dinars & Dirhams into circulation. It will be great to get examples from this series as well. Aidan. | ||
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| gillian |
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 Registered Member #992 Joined: Wed Apr 27 2011, 03:29pmPosts: 4 | double mike wrote ... I think that what we are seeing is a large selloff of silver. This is only a bump in the road. I think that it will go back up as fast as it has went down. Maby next week. We shall see. I understand there has been a large selloff of silver coins so much so they can not melt them fast enought. What a shame to melt coin for there silver. Melting coins because you baught them for 5$ 10 years ago and melting them down because the value of silver is worth 5 times that!!! bullion value should only count in good condition or less coins, if you want to invest in silver then buy on the comodoties market, not coins, your profits will be greater [ Edited Tue May 10 2011, 07:07pm ] | ||
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| KSP |
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  Registered Member #172 Joined: Mon Jul 06 2009, 08:54amPosts: 114 | I think that's very true. Heh I always find it disconcerting that people melt down old silver coins..even if they are quite worn. It's like destroying history! Anyhow..metal prices have dipped in the last week. Silver has possibly peaked. | ||
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