Haus
I am Big Balls!
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Looks like Davos jump started the speed of this cycle. Since today he announced a "framework" was reached for a deal. Which would now put us at step 8 to lead into this weekend.
Investing General Discussion
- Thread starter Furious
- Start date
How we feel about Bitcoin? Seems like its been sitting out the recent rally.
Might pick up som IBIT.
Might pick up som IBIT.
Haus
I am Big Balls!
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Historically..... BTC will tend to rally AFTER a Gold rally finishes/pops. Gold is still posting new ATHs, so BTC being somewhat subdued isn't that surprising to me.
Question is if we're really seeing an irrational bubble in gold/silver prices, or if this is the "new normal". If the latter, then I we'll be in "new discovery territory" with BTC.
I swear every time I mention a ticker here it immediately does the opposite of whatever I say haha. Btc down 2k since I posted that less than an hour ago.
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Tmac
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Gravel
Mr. Poopybutthole
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I sold about 32 ounces (quarters) when it was in the low-mid 20's a couple years ago. Kind of sucks, but oh well.
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Haus
I am Big Balls!
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Relative to my posting about copper in Politics... I also melt some silver as part of my metalcrafting hobby. I have purchased lots of "junk" silver jewlery which is .800 purity. Melt it down to make coins and things. Also a tiny pile of actual rounds which I bought ages ago (when it was around $15 an ounce).
Certainly nothing to declare "big pimpin" over... and if anything makes me a little sad now because I liked casting that junk jewelry into things, but now even the junk lots on eBay have gotten stupid pricey for instance:
MIXED LOT OF STERLING SILVER USE OR SCRAP 299 GRAMS FREE SHIPPING | eBay
THIS IS A MIXED LOT OF 299 GRAMS OF STERLING SILVER
www.ebay.com
That's 10.55 ounces, or effectively 9.76 ounces of actual silver. They want $750, and at spot today it's still a bargain with spot over $100 making it worth around $1000. It's crazy.
But I also believe this is pretty obviously a bubble, and going to pop. But even after it pops I won't be surprised if it only drops to $40 an ounce.
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Reading reports of some coin shops and such not buy sterling siver and junk silver (old US coins that had silver in them) anymore. Larger silver places like ampex put a minimum to buy and to sell. Like $500 minimum to buy and $2000 to sell and such. Watched a video of a shop owner who said it just wasn't worth it. Buy junk/sterling and then box it up and send it to a refiner. Insure it and make sure it got there and meet their minimum it was much easier to buy .999 silver and just ride the market.
I did read silver would have to hit almost $200/troy ounce when adjusted for inflation to beat out the 80's Hunt brothers deal.
I did read silver would have to hit almost $200/troy ounce when adjusted for inflation to beat out the 80's Hunt brothers deal.
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Tmac
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Haus
I am Big Balls!
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From a stand point of me just liking to make things out of silver, and .800 and .925 (sterling) being fine for that I wish this were true enough for the price on that "junk" to drop some. heh
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Already answered. Three brothers. Billionaire family. They filed for bankruptcy but they eventually made "some" of it back.