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Post by papaof2 on Jul 20, 2020 21:27:54 GMT -6
Do you ever watch the prices of silver and silver coins on www.coinflation.com/silver_coin_values.html ? The price of an ounce of silver has risen $0.45 since 4:46AM today: from $19.57 to $20.02. Maybe the $21/oz I have in a story that I'm working on should be higher? It was $23.07 in September of 2013. |
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Post by papaof2 on Jul 21, 2020 3:43:31 GMT -6
At 2:41AM PDT on 21 July, silver is $20.44/oz. I should update that story to use $23.50/oz?
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Post by papaof2 on Jul 21, 2020 11:31:12 GMT -6
At 10:20AM PDT on 21 July, silver is at $21.15/oz. At 8:17AM PDT on 20 July, it was $19.81. That's an increase of $1.34 (6.7%) in 26 hours. Wonder which "thing" is pushing the silver market this month?
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Post by papaof2 on Jul 21, 2020 20:22:22 GMT -6
At 7:12PM PDT, silver is $22.33/oz. That's a rise of $1.18 (5.6%) today or $2.52 (12.7%) since 8:17AM PDT yesterday.
In other terms, $11 face value in silver has increased in value by $20 in FRN paper in that time frame.
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Post by papaof2 on Jul 22, 2020 14:07:50 GMT -6
At 1PM PDT, silver is $23.05/oz, up $0.72 (3.2%) since 7:12PM PDT yesterday.
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Post by papaof2 on Jul 26, 2020 18:26:22 GMT -6
Silver dropped below $23 this past week but it's back above the 22 July level of $23.05. At 521PM PDT today, it was $23.11.
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Post by papaof2 on Jul 27, 2020 17:08:51 GMT -6
At 4:04PM PDT today (27 July) silver is $25.07/oz, up $1.96 (8.5%) since 5:21PM yesterday.
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Post by 9idrr on Jul 27, 2020 20:40:16 GMT -6
Ah, the dreams of the Hunt brothers.
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Post by papaof2 on Aug 5, 2020 11:53:52 GMT -6
Silver had dropped back to the $24.xx numbers but today it's back up: $26.74 at 10:36AM PDT. In physical terms, a handful of coins - one dime, four quarters and ten silver dollars, totaling $11.10 - are worth $228.10 in FRNs. Inflation since the days of silver certificates is $228.10 / $11.10 = 20.55 times or 2055%. Things don't cost more: your "dollar" is worth less. Remember that "dollar" is from a Spanish word for a one ounce silver coin and that FRNs are backed by "the faith and confidence of the US Govt" - it seems there may be little faith or confidence. The PAW stories with "new dollars" at the rate of 10, 20 or 100 "old dollars" for one "new dollar" no longer seem far-fetched...
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Post by 9idrr on Aug 5, 2020 21:14:51 GMT -6
Every once in a while I'll get talkin' to a customer about that perspective. It's nice watchin' the lights come on as they finally make the connection.
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Post by papaof2 on Aug 6, 2020 15:14:23 GMT -6
At 2:05PM PDT today (6 Aug) silver is $28.91/oz, up more than $2 from the %26.74 at 10:36AM PDT yesterday.
That same handful of coins is worth $246.61 today.
Instead of the company's retirement plan, I should have been collecting junk silver the first 5 years I was there - pick up some rolls of dimes, quarters and halves every week and check the dates. Certainly would have had more return on my investment.
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Post by papaof2 on Aug 6, 2020 17:59:21 GMT -6
At 4:53PM PDT today (6 Aug), silver is up to $29.81/oz or another $0.90 in less than 3 hours. That handful of coins is now up to $254.29. The website has an appropriate name: www.coinflation.com/silver_coin_values.html |
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Post by 9idrr on Aug 6, 2020 21:34:50 GMT -6
When I think of every dime I put in a Coke machine...
Yes, kids, one used to be able to drip a dime in a machine, open the lid and slide a cold soft drink along the racks 'til it could be pulled through a mechanical gate, On the front of said machine was mounted a gizmo into which the top of the bottle could be inserted and with a flick of the wrist the bottle cap was removed.
Or, some guys had a choke chain attached to a belt or belt loop with a church key attached. One end hat an opener that lifter bottle caps off and the other was pointed to punch into beer cans, in the days before pop tops.
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Post by papaof2 on Aug 7, 2020 0:05:48 GMT -6
Did you ever encounter the 6 cent Coke machine? In the interim between selling for a nickel and going up to a dime, the service station at the end of the block had the nickel vending machine with a small box added that had a slot for a penny. If you fed both slots, the machine would dispense the small glass bottle of Coke.
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Post by 9idrr on Aug 7, 2020 20:27:36 GMT -6
Never was that lucky.
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Post by brucearmstrong65 on Aug 8, 2020 5:46:54 GMT -6
At 4:53PM PDT today (6 Aug), silver is up to $29.81/oz or another $0.90 in less than 3 hours. That handful of coins is now up to $254.29. The website has an appropriate name: www.coinflation.com/silver_coin_values.htmlI bought a fair amount of "junk" silver when the tax refund came in last year, averaging about $17 an ounce. I'm trying to decide if I should take my profit (such as it is) now or ride the wave a little bit higher. |
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Post by papaof2 on Aug 8, 2020 6:01:27 GMT -6
As of 2:15PM PDT yesterday (7 Aug) it was down to $28.32. My suggestion would be to watch www.kitco.com/charts/livesilver.htmland try to get to the dealer before the price changed again :-) I still watch AT&T stock - shares bought many years ago when I was an employee and I just continue to hold them. While yesterday's close of $30.02 is nothing to brag about, they're paying $0.51/share quarterly dividends ($2.04/year) which is $2.04 / $30.02 = 6.77% simple interest which is more than I can get on the money anywhere else. Plus my state doesn't tax unearned income for those over 65 until you pass something like $64K in that type income (nice that book royalties fall in that category but my sales would need an astronomical increase to reach that point ;-) Maybe if Disney offers a movie contract? ;-) |
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Post by papaof2 on Jul 23, 2022 15:53:00 GMT -6
Silver $18.64/oz at 2:15 PM PDT July 22, 2022
Hope you took your gains and ran when it was $28. ;-)
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Post by biggkidd on Jul 23, 2022 21:38:33 GMT -6
I bought some when it was $11 back in 2018 and I'll hold it thanks. lol There may come a time when paper dollars are only good to wipe with. Which was why I bought it...
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