about the silver eagle
 

hey there: okay I read the essay of a guy very bullish on silver who predicts 1,200/oz... wow, that's indeed very much and I hope he's right. But my question is the following: what will the silver eagle (1 oz coin) be worth when the economy goes down the road do you think?

thanks in advance.

Re: about the silver eagle
 

Don't know......but I'll take $1,200. in fiat, if the greenback is still being accepted.

Re: about the silver eagle
 

Well, according to the A-mark site the 'Ask' price for silver $pot is $6.99 and Eagles are $8.45 which is 20.9 % markup.

For simplicity let's say 20% which would be $1440 per Eagle !

Re: about the silver eagle
 

Someone had thread yesterday talking of $750. oz silver......now $1200. oz silver???? F**k....a lot of people would die happy to see $10.....irrational exhuberance?? Good dope??? Pie in the sky??? Please lord, let my 1000 oz pay off my house in the Hamptons and my villa in Cabo San Lucas? What am I missing here???

Re: about the silver eagle
 

It's all just wishfull thinking........based on nothing more than hope & prayer.

Perhaps by next week someone will predict $2,000. Ag.......but I've got to wonder what will the staples of life fetch ( in fiat ) at that point?

$300 doz. eggs?
$800 gallon milk?

Re: about the silver eagle
 

Oh..ok....burning time.....well I would like Rachel Welch in her early 30's, naked, chasing me around the house, catching me, dragging me to the bedroom, handcuffing me outstretched on the bed and , and, and, and, OK you win, silver at $5000.00.....+ 20% for eagle equals $6000.00 (probably $7999 on the shopping channel with 3 pay).....good dreaming with you guys,,,,,come on $10.00 silver!!!

Re: about the silver eagle
 

Higher prices for silver will translate into the loss of any premium currently in the damn thing. ounce of silver is an ounce of silver. buy 90% if yer buying.

Re: about the silver eagle
 

Good point! As long as silver keeps up with the drop in the value of the dollar, all of us here will be better off than most. I kinda feel sorry for the people who keep all their money in fiat.

Re: about the silver eagle
 

All the recent big bull market silver tops have been at about the same value.

1/16 an ounce of gold and parity with a barrel of oil.

Trying to pick a $ price top is like trying to predict the weather a decade in advance, it's entirely possible the top could be $millions an ounce, but it'll still only buy one barrel of oil, if that.

Fiat isn't a good measure of value.

Re: about the silver eagle
 

thank you guys... I thought the silver lingot and silver eagle would not follow the same bullish trend. And since I bought silver eagles, I needed to get this matter clarificafied... You made my day! :coolbeer:

Re: about the silver eagle
 

The heck with Rachel in her early 30's.... I will take her right now in her early 60's!

LOL :haha: :haha:

Re: about the silver eagle
 

I think the issue here is, "how can we value silver in real terms?" Unfortunately, I do not have an answer. But I have some information that I have not seen posted here yet. Perhaps you finance whizzes can make something of it...

Before the collapse of the Ottoman Empire, one silver dirham could buy a (live) chicken. There is evidence that at the very beginning of the Islamic Caliphate, almost 1400 yrs earlier, one dirham bought one (live) chicken. This suggests that the market equilibrium value of silver, in real terms, is one dirham=one chicken.

Today, in the USA, a live chicken would probably cost around $7 (I based this guess on the price of one dead chicken in the supermarket, minus the retail markup, minus the cost of transport, then plus a little bit more because live chickens are more valuable than dead ones -- if anyone here knows the price of a live chicken please tell me).

Well, one dirham was about 3 grams of pure silver. It was approximately 1/10 of an ounce. This suggests that the equilibrium price of silver in today's dollars is about $700/oz. Of course, given the devaluation of the dollar, the final equilibrium will be much higher than that in dollar terms.

But I try not to consider the dollar equivalents. Dollars are all smoke and mirrors. Silver, in real terms, seems to be trading at 1/10 of its equilibrium value. That sounds like a good buy to me.

Goldissima, I don't see any reason why eagles will maintain their 20% surcharge when selling. But if you bought 'em at $9, and can sell later for $700, what difference does it make?

Re: about the silver eagle
 

It makes a difference for me. My immediate family has no clue about real money and won't listen. I expect to have to support them some day and I'm greedy about it!!! I want my hands on every ounce I can get for the best buy which is 90% silver.

Re: about the silver eagle
 

<i>Originally Posted by Kruger_Man
Goldissima, I don't see any reason why eagles will maintain their 20% surcharge when selling. But if you bought 'em at $9, and can sell later for $700, what difference does it make?</i>

$700 is fine with me - no problem!! Trying to accumulate much as I can, I tell ya. Now let me calculate in secret. :yippee:

Re: about the silver eagle
 

Fiat currency will collapse long before silver obtained such outrageous targets.

How much does a henway?
 

GOOD GOD!! Silver equated in chickens, ..... was drinking milk when I read this and gagged so hard it frothed out of my nose, thought I had heard it all in my 20+ years as a full-time dealer....... some people have WAY too much freetime....truth is nobody knows where it will shake out.....the system as we know it will collapse well before we are weighing hens for the "most value"....

Kruger Man...I want to personally thank you for giving me the best belly laugh I have had in months..........glta

Re: about the silver eagle
 

i have been buying eagles at 9.00 constantly and am not looking back===i see 150 per ounce in the next two years==so what does it matter

Re: about the silver eagle
 

I have to agree here. This premium on silver eagles will most likely disappear on any substancial price rise, IMO. The premium you see today is a reflection of dealer's profit levels and demand. When buying silver in todays enviroment I recommend buying a variety of silver objects. For example, Eagles, maple leafs, libertads, 90% coins, 40% coins, 999 fine bars/ rounds in assorted sizes, foreign silver coins, sterling ware, etc. you get the picture. You never know what will be in demand in the future. And if you shop around you will get some items for a bargain.

Re: about the silver eagle
 

:smile:
If one dirham is about equal to a 1/10 ounce of silver and a dirham could buy one chichen which in todays value is about $7 then wouldn't silver's real value be $70 and not $700? based on this analogy. :albertein

Re: about the silver eagle
 

As a survivalist in the future I will look for a one oz .999 of silver and it won't matter who makes is or if it pretty new or old, a one oz of silver will be a one oz of silver.

Re: about the silver eagle
 

I am thinking of getting the premium out of my eagles on the next move up and turning it into 90%. I agree get the most oz for the money.

Re: about the silver eagle
 

I did that on the last run up. Surprise! You will learn that current year Eagles can carry as much (near these prices)as a 50 cent premium to older Eagles. The coins are pretty but why line someone elses pockets? For the guy who said he's paying 9 bucks for Eagles pal you're getting ripped off. Large.

Re: about the silver eagle
 

You are correct!! I'd claim that it was typo, but I typed it twice!! :rofl:

Re: about the silver eagle
 

For those in the 'know', bullion and 90% is fine.

For the Sheeple, Eagles will be golden, because they are pretty, and they have that $#%@ USGovt label to them. They will trust them more, as the stories begin to circulate about hollow 100 ozer's, etc.

2 cts

Re: about the silver eagle
 

Hope all is well. Good to see you post. :wavey:

Re: about the silver eagle
 

I still have SOS (shiny object syndrome), but only act on it when I can get Silver Eagles for less than $8.00.

Re: about the silver eagle
 

Rip-off or not they're still superior to FIAT and there's nothing wrong with have (1) from each year just in case the market goes bizerk ! :D

As long as demand is strong, Eagles "soar" and I'll be happy to sell them 1st when silver breaks out and the public runs amok !!!

Re: about the silver eagle
 

Moving on up--silver at $10.84 this morning.

Re: about the silver eagle
 

Kind of neat to see an old thread bumped up so us newbies can see what we missed by not getting in earlier. :bawling:

Well, I did have a small amount of 90% I didn't realize the value of before coming here.:ARMS1: