After the huge surge and then major crash, the silver price has been pretty stable for the last couple of weeks, hovering between NZ$130 and NZ$140 (currently NZ$136). Maybe this is the price we'll see for a while?
What are your thoughts on it? Anyone into crystal ball gazing?
The sudden spike and the subsequent drop were not because of any one thing. It's a combination of factors.
The uncertainty factor: the war in Ukraine and the potential for NATO to get pulled into a direct military confrontation with Russia, Trump's tariffs, Europe's industrial decline - all of these risk factors reduce confidence in fiat currencies and make precious metals more attractive.
Gold is not an industrial metal on anywhere near the scale that silver is. The industrial demand for silver hasn't changed, though when silver price peaked, some companies may have stopped buying temporarily and relied on the stock they already held to see if they could wait until the price dropped before resuming their buying. But, then, world banks (*cough*China*cough*) have been buying more.
When silver price started dropping, automated traders that rely on market signs probably started a sell off to lock in profits before the price dropped even more, which in turn triggered even more sell offs.
Gold-to-silver ratio: The historical average gold-to-silver ratio is roughly 60:1 to 65:1. Gold price has been climbing steadily over the last year, while silver price hadn't changed much, pushing the ratio over 100 last April. That would suggest that silver was significantly underpriced. When silver peaked out at $100+ while gold price was still increasing, the ratio dropped to 48, which would suggest silver price overshot the mark and might come down a bit, as it did, and we're now back in the 60-65 territory again.
So, what does it all mean? I donnow, I'm not a financial advisor. Just something for you to think about, so you be the judge.
Not sure about silver, I think it will drop some more down to say $90 - $100 NZD ($55USD or so), already its at $77 now I think Gold has stabilised though, its dropped off its $5,600US peak and seems to be bouncing around the $4.8k to $5.1k USD level.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Observation: the price of gold of this weekend increased compared to the price of gold the previous weekend, while silver prices went down in the same period. Within the past 4 weeks the gold-silver ratio increased in favour of gold, while it had dropped pretty much continuously over the 10 months preceding that period. An interesting trend break.
Wether this actually means something for long term reality? Did it relate to ‘walking on eggshells’ politics and/or ‘nuclear option’ politics? Dunno. What happened recently simply smells to me like extreme corruption.
I found the 23% price drop in less than 5 days to be a rather amusing hurricane of human madness. Better to keep your cool.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Gold has relatively stabilized while silver is bouncing around. I don't really think silver will have another huge rally like this one anytime soon, but im not able to predict the future so anything can happen!!
I sold off some gold and got a good cash injection before the price dropped from $5.05 down to $4.9k, but silver I am holding too. Its not fully stable, but quite stable as gold is bouncing around $4.85 - $5.05k and silver in the $71 - $80 zone (USA dollars).
This pattern is holding a bit longer than a day or two, usually up one day, down the next, then up again, then stable, then down etc.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Fluctuations of less than 1%? 5%% Over the next day? month? year?
What was the last period of “stability”
It's been constantly climbing from NZ$40 per ounce 2 years ago to NZ$180 a month ago, there was the big correction down to NZ$130, but the last 3 weeks it's settled into a range between NZ$130-NZ$140. It's still bouncing a bit in that range, but it's been far more stable than we've seen for the last 2 years
Meanwhile I need to buy a new crystal ball, as the price leaped on Friday. But the silly American time zones make it hard, they are so far behind us, its late Monday afternoon and its still Sunday in slowpoke America.
My guess is more bouncing around the $80US mark unless that walking orange joke makes another jackmove.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Had a leaflet through the door today for a local antiques event coming up where they want to buy your gold,silver, jewellery and what not. If this £10 face value is in old money they ought to be ashamed as they are royally taking the P-ice. Aimed at people who don't know the value of silver i'm guessing who would know what £10 face value is in old money. Imagine handing over 80 halfcrowns, 200 shillings or 100 florins pre 1947's for £80. I'm also sure they wouldn't mind a mix of either if you're daft enough to give them away for that. Even jewellery shops would atleast give you scrap or close to it.
Fluctuations of less than 1%? 5%% Over the next day? month? year?
What was the last period of “stability”
It's been constantly climbing from NZ$40 per ounce 2 years ago to NZ$180 a month ago, there was the big correction down to NZ$130, but the last 3 weeks it's settled into a range between NZ$130-NZ$140. It's still bouncing a bit in that range, but it's been far more stable than we've seen for the last 2 years
Naah … 🙂
That's a 15% range (120-140) over three weeks. Many periods in 2024/2025 were more stable:.
May 16-July 19, 2024 had only 11% range over 2 months.
July 24- Sept. 11, 2024 had only 12% range over 7 weeks
Nov. 7 - Dec. 17, 2024 had only a 6.5% range over 6.5 weeks
In fact, I can argue the entire second half of 2024 was more stable than this, ranging between 26.65 and 32.05 (12%) for all but 15 days.
Had a leaflet through the door today for a local antiques event coming up where they want to buy your gold,silver, jewellery and what not. If this £10 face value is in old money they ought to be ashamed as they are royally taking the P-ice. Aimed at people who don't know the value of silver i'm guessing who would know what £10 face value is in old money. Imagine handing over 80 halfcrowns, 200 shillings or 100 florins pre 1947's for £80. I'm also sure they wouldn't mind a mix of either if you're daft enough to give them away for that. Even jewellery shops would atleast give you scrap or close to it.
Pack of crooks, these parasites bleed off people who don't follow silver prices. Even a 50% halfcrown with a face value of 12½p has around £13 - 15 of silver in it, so 80 of them would be around £1,050 - £1,200.
We have many people here offering the same low prices like “we will offeryou $10 whole big dollars for some coin with $50 of silver in it”.
How do they sleep at night.
Let me make it crystal clear to everyone (I would love to hire a big billboard with glow in the dark letters), Never sell your scrap silver and gold to anyone who has a buying tour or buying fair and puts out big ads in local papers or flyers saying they will buy it all. It's always a scam and no matter what you are offered, its a fraction of what its worth. Same with all those pawn shops and “Cash for gold and silver places” always in ghetto areas (cheap rent) and near casinos (Places where people need quick cash). See a real coin dealer or sell it on line. These companies that do the ads are there to make money only and don't care how much you are ripped off.
Extra bad points if they are a general dealer, run an “antique” shop which means junk and bric a brac. They usually know nothing about coins other than how old they have to be to contain precious metals.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Had a leaflet through the door today for a local antiques event coming up where they want to buy your gold,silver, jewellery and what not. If this £10 face value is in old money they ought to be ashamed as they are royally taking the P-ice. Aimed at people who don't know the value of silver i'm guessing who would know what £10 face value is in old money. Imagine handing over 80 halfcrowns, 200 shillings or 100 florins pre 1947's for £80. I'm also sure they wouldn't mind a mix of either if you're daft enough to give them away for that. Even jewellery shops would atleast give you scrap or close to it.
Pack of crooks, these parasites bleed off people who don't follow silver prices. Even a 50% halfcrown with a face value of 12½p has around £13 - 15 of silver in it, so 80 of them would be around £1,050 - £1,200.
We have many people here offering the same low prices like “we will offeryou $10 whole big dollars for some coin with $50 of silver in it”.
How do they sleep at night.
Let me make it crystal clear to everyone (I would love to hire a big billboard with glow in the dark letters), Never sell your scrap silver and gold to anyone who has a buying tour or buying fair and puts out big ads in local papers or flyers saying they will buy it all. It's always a scam and no matter what you are offered, its a fraction of what its worth. Same with all those pawn shops and “Cash for gold and silver places” always in ghetto areas (cheap rent) and near casinos (Places where people need quick cash). See a real coin dealer or sell it on line. These companies that do the ads are there to make money only and don't care how much you are ripped off.
Extra bad points if they are a general dealer, run an “antique” shop which means junk and bric a brac. They usually know nothing about coins other than how old they have to be to contain precious metals.
Nothing shocks me anymore mate though I was appalled when working out how many coins would make up an old tenner face value and what they're offering . Can imagine over the decades some poor old blokes and ladies have been had by such greedy stunts not knowing what they've got. Even more so when there was more predecimal 1947 about stashed in peoples homes. A big legal cash grab more or less. Like a cheap rip off of Roosevelts Executive order 6102 gold grab in 1933 for us numismatist and history nerds.
No not at all, sudden tariffs and threats of war usually make our metal bounce about. It leapt to $88 yesterday and gold is at $5,250 USD, basically the highest prices in 3 weeks.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
No not at all, sudden tariffs and threats of war usually make our metal bounce about. It leapt to $88 yesterday and gold is at $5,250 USD, basically the highest prices in 3 weeks.
There's a lot more to the yo-yo / bounce than anything Trump ever did. This thread is full of examples.
I've read your threads over the years, you're a smart guy, you know all this stuff.
Hate Trump if you want to but he's in no way the prime suspect here.
Lets just see what the metals do this week. I have no issue with these vibrations, 98% of my gold and silver was brought long before the price rises. Its just assessing the size of gains. But yes I can be irrational over certain figures. Kind of expect it from a left winger and a huge Obama fan. Less politics more metal now.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
A little politics teaser: Image above: a partial screen print. Some sellers no longer ship to the U.S. now, thanks to Trumps tariffs. Isn't that a great side effect for non-U.S. collectors to have less competition from U.S. buyers? It somewhat balances out the ridiculous postal tariffs most U.S. sellers charge these days for shipping abroad (not their fault).
On silver: during the past 2 months the Shanghai silver spot price has structually been about 10% higher than the U.S. silver spot price. Normally such a difference is not sustainable for such a long time. Meantime, for gold the difference is marginal.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Yes. Some dealers are not even shipping to the U.S. for some time.
Others are forced to use courier services to ensure the items get to the buyers, adding typically 50 eu to the normal shipment cost. The courier collects the tariff online before delivering the package. And charges an additional fee for this.
Well Americans need to realise just how unpopular that madman is outside the United states and that 96.8% of the world's population lives outside of the United States. Not ribbing or anger just a fact.
But back to this topic, again my predictions are wrong and silver had leapt comfortably in the $80s and even pushed the $90s of US dollars this week, gold has risen and settled well into the $5k's it seems international events and dictators from all sides of the world (Putin, Xi, head guy in Iran) are affecting gold and silver prices.
Jesse11, could not agree more. I have about 50 very worn 1800s halfcrowns and florins that are surviving the silver rush. Current prices at 10:00 UTC on Friday February 27th in USA Dollars.
Gold $5,184.27
Silver $88.30
Thats a significant rise this week!
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Well Americans need to realise just how unpopular that madman is outside the United states and that 96.8% of the world's population lives outside of the United States. Not ribbing or anger just a fact.
Your rants are so far off-topic that you sound more like a “madman” than he does! Calm down and get back to coins.
Next time I should put my coin stuff in the first 2 lines, so your short attention span can catch it.
I mentioned gold and silver continue to climb on the back of global conflict and also shout out several other world leaders too. Politics and global instability are big drivers in the price of precious metals at the moment.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Next time I should put my coin stuff in the first 2 lines, so your short attention span can catch it.
TCon = Trump Convict - at least your name is right.
I mentioned gold and silver continue to climb on the back of global conflict and also shout out several other world leaders, not just your beloved Orangeman
Your personal attacks are intellectually and morally offensive. Shame on you.
Until very recently I held you in very high esteem, I enjoyed many of your educational threads and comments here on Numista. I even name-checked you in a recent thread. Oh how the mighty have fallen.
PS: looks like I caught your post before your edit. TCon = Trump convict? Shame on you sir.
Next time I should put my coin stuff in the first 2 lines, so your short attention span can catch it.
TCon = Trump Convict - at least your name is right.
I mentioned gold and silver continue to climb on the back of global conflict and also shout out several other world leaders, not just your beloved Orangeman
Your personal attacks are intellectually and morally offensive. Shame on you.
Until very recently I held you in very high esteem, I enjoyed many of your educational threads and comments here on Numista. I even name-checked you in a recent thread. Oh how the mighty have fallen.
PS: looks like I caught your post before your edit. TCon = Trump convict? Shame on you sir.
@TCon you are so contradictory in your posts, the first reply to @Moneytane is this „Sounds like a not-so veiled critique of President Donald J Trump. Not a fan?
From the way I read this, just IMO, is that you want to engage, start a conversation about trump. Then when someone expands on your question you take offence! With this reply; “Your rants are so far off-topic that you sound more like a “madman” than he does! Calm down and get back to coins.“
Here is a thought; why don’t you just engage in the forum posts / conversations without trying and or turning the conversation into a keyboard warrior spat! Is this what you crave? I have fallen for you goading in the past, and i am done talking to you, but I will call you out when you are continually the instigator of such games to other members.
I don’t know what other members think of your replies, so we will see if anyone adds to this post, but I for one will not be replying to you if you reply to this. I do not want to get into a further duel with you, this is just how I see your posts on this thread, if I am wrong and this isn’t intentional then my reply might simply open your eyes to how other people / members might interpret your words.
„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“
Thanks, but I was worried that some other people may take offense and I wanted to to concetrate on our increasingly unaffordable precious metals. Justa quick glance and silver is touching $90 again.
I have given up on TCon he is just baiting for a fight and I really don't give a flying fig what he and anyone else thinks of me. I came here to show coins, impart opinions and made clear my autism so many times, its not true yet you always get one wishing to defend the orange one at all costs. I have no interest in friendships (Although some people here are just fantastic and some I just really respect), but friend accumulation appeals less to me than beautiful gold and silver coins.
I would like to move on from this nonsense, but the state of internet forum boards is putting me off them, all the toxicity and varying opinions seem to lead to clashes. I get tired of endless keyboard battles. T Con will have to live with the fact I hate Donald Trump, always have and always will and if thats too much for him, well hard cheese.
I edit a lot as sometimes I think I go a bit far and love to moderate before the moderators do.
Meanwhile, will we ever be able to afford to squirrel away bulk silver again? I mean abox of 237 spare silver coins I have mostly the Half Crown, Half dollar size - is now like $11,537 on my list and when I paid around $3k for them back in the day (Ye olde late 2024).
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Im not going to comment on the previous situation, but regarding Moneytane's question, buying silver in bulk will be unfortunately completely impossible.
The entire reason why silvers jumping around in price so much in the first place and why it doubled over a span of 1 year is plainly because of political uncertainty, and the constant wars everywhere are not helping. Recent correction of the price saw silver go from 100 EUR to around 60-ish and now its 75, at the very best you can but like 5-10 ounces before flies begin flying out of your wallet
Meanwhile, will we ever be able to afford to squirrel away bulk silver again? I mean abox of 237 spare silver coins I have mostly the Half Crown, Half dollar size - is now like $11,537 on my list and when I paid around $3k for them back in the day (Ye olde late 2024).
Why are we not revelling that our silver has more than tripled in value??? 🤔
Meanwhile, will we ever be able to afford to squirrel away bulk silver again? I mean abox of 237 spare silver coins I have mostly the Half Crown, Half dollar size - is now like $11,537 on my list and when I paid around $3k for them back in the day (Ye olde late 2024).
Why are we not revelling that our silver has more than tripled in value??? 🤔
I don't collect coins but I suspect it is because silver coins have become unaffordable (to purchase/ going forward) for many & for many young collectors just wanting to get started in the hobby. This is upsetting for several collectors & especially those who wish to get their younger kids/grandkids to enter the hobby. I have seen many posts on many other Coin Forums where many Canadian collectors have been upset b/c there's several junk silver coins melted down so even common the common years have dried up (according to them).
It doesn't affect me but I do feel for my fellow CDN coin collectors. In January, I looked for some non-circulating silver coins on my LCS site (just to see if I could pick up a few) but they were all sold out. I was pretty surprised by this as I have never seen ALL the silver coins of my LCS site "sold-out" before in the 5 decades I have been collecting paper money!
You can argue all you want that the price of silver (& gold) has nothing to do with our global political situation but wars & constantly changing reports coming out of certain nations actually do impact the market. When the policy changes minute by minute it creates UNCERTAiNTY. MANY nations no longer see the USA as a viable trading partner (& this is becoming the norm as the Tariff King's term progresses). That's a fact that only the POTUS can change but in his recent Union address he doubled-down announcing further tariffs (after his Supreme court struck them down). The Congress has ruled them as unconstitutional but the Tariff King (POTUS) remains unfazed. The fact that the Tariff King ignore congress/the courts has not been a good indicator for the price of PM settling down (or lowering) soon.
I mean that's the way it has been for the past half century (Global politics affecting PM) but I suppose if people keep telling themselves that the price of PM has nothing to do with politics then they're good. I don't know, but the price of PM has always been tied into the way people view their financial security (whether there's going to be a 5, 10 or 15% tariff actually matters). Whether the Chinese keep demanding silver for solar panels/hybrid/EV vehicles also factors in (no doubt) & it is indeed a complicated picture but world leaders also play a part.
I haven’t gone to a coin show since sept last year. Will be curious to see what prices look like in the upcoming shows. More money might stay in my pocket
Meanwhile, will we ever be able to afford to squirrel away bulk silver again? I mean abox of 237 spare silver coins I have mostly the Half Crown, Half dollar size - is now like $11,537 on my list and when I paid around $3k for them back in the day (Ye olde late 2024).
Why are we not revelling that our silver has more than tripled in value??? 🤔
Its very hard to sell it at these high rates for several reasons. One being its very volatile, it may be $95 US now, but next week it will be like $75 again. Another is most dealers and buyers are not interested in paying 3 times for something they could have had much cheaper last year. Another one is people melting many coins that have historic and numismatic interest and many of us collectors like me who value historic coins and keeping date runs, don't want to destroy these coins for a quick gain.
Also many coin and metal dealers are not buying, or they are paying well back of melt prices, Finally there is the risk that silver may already go higher, already some Youtube videos talk about buying silver now before it goes back into 3 figures and stays there.
Yes we got valuable silver, but no one wants to buy it at those crazy prices. If it stays at $100 an ounce for say a year or more, maybe then people will adjust. But in 6 months it could be over $200 an ounce or down to $20 an ounce, no one has a crystal ball.
Finally money and making it, is not my sole aim with coins. I like the history and economic/social aspects of old coins too - there is more to life than the endless pursuit of money. As long as I have enough to get by and live a comfortable life, I am a happy man.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
@TCon you are so contradictory in your posts, the first reply to @Moneytane is this „Sounds like a not-so veiled critique of President Donald J Trump. Not a fan?
I would like to move on from this nonsense, but the state of internet forum boards is putting me off them, all the toxicity and varying opinions seem to lead to clashes. I get tired of endless keyboard battles. T Con will have to live with the fact I hate Donald Trump, always have and always will and if thats too much for him, well hard cheese.
I edit a lot as sometimes I think I go a bit far and love to moderate before the moderators do.
My messages to you were polite and respectful, yet you blame me for your diatribe. You hate Trump, that's fine, just like I said a few days ago, but you're conflating your anger at him with the price of silver.
Leave your politics at home. Let your numismatic expertise shine.
Your personal attacks are intellectually and morally offensive. Shame on you.
Until very recently I held you in very high esteem, I enjoyed many of your educational threads and comments here on Numista. I even name-checked you in a recent thread. Oh how the mighty have fallen.
PS: looks like I caught your post before your edit. TCon = Trump convict? Shame on you sir.
Yes very respectful?
You have been interrogative, vituperative and insulting since I suggested Trump was responsible or at least partially so for the instability of metal prices. There have been frequent snipings and last words, because my guess is you are around 12 years old or have the mental age of a young and easily hurt child.
I have made very clear my feelings over the directions of USA politics and you may not agree with it, but you are not allowed to question my right to hold these views. Trump is a belicose tyrant, that is my view. (Belicose, a fancy newfangled word for “war mongerer”).
I have tried incredibly hard to steer the conversation back into precious metal prices, but you just can not let it go as you are so petty minded and bitter, you have been emotionally scarred by my lack of admiration of the orange ball of doom. Please grow up and get a life.
If you can not add anything constructive to this thread, don't post on it. All I see from your replies here, is a lot of attacks in my direction and ZERO content on the prices of precious metal coins beyond absolving Trump from them.
Back on topic, this week has seen ups and downs but mostly ups with silver settling at a very high $93.20 US and gold at $5.2k or so. These are the highest prices since January and already some forecast that silver will be sitting in the 100s as spring rolls around.
The death of the Iranian dictator (Alleged and usually these caliphates/terror groups present a new leader in lightning time, or claim they only killed a stand in body double or one of the many supreme leaders palaces), and that this instability will drive our precious metals higher and endanger our hobby further.
PS: T Con, please don't respond, as I don't care what you have to say or think and yes I am a male, a gay autistic one - so perhaps you may want to unload some of your “traditional” views on that too.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
The new week starts in New York and already silver has added $2 to $95 and will likely surge higher due to reasons that I can't mention (Politics and wars).
Gold is at $5.25k, expect a week of volatility and more unaffordable metal. You know something is up when February's acquisitions thread had like 70 posts compared to the 130 - 150 + of some months in 2025. Wallets slam shut again.
Its struck pyschological barriers in NZ, as gold surges past $9k an ounce in our money and $160 again for silver.
They show prices at real time in US and NZ Dollars and you can toggle time periods. They also run a bullion shop which has been closed a lot lately due to orders and stock running out. Being in NZ, nearly everything is imported here.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
The new week starts in New York and already silver has added $2 to $95 and will likely surge higher due to reasons that I can't mention (Politics and wars).
Gold is at $5.25k, expect a week of volatility and more unaffordable metal. You know something is up when February's acquisitions thread had like 70 posts compared to the 130 - 150 + of some months in 2025. Wallets slam shut again.
Its struck pyschological barriers in NZ, as gold surges past $9k an ounce in our money and $160 again for silver.
They show prices at real time in US and NZ Dollars and you can toggle time epriods. They also run a bullion shop which has been closed a lot lately due to orders and stock running out. Being in NZ, nearly everything is imported here.
Though it's true silver and gold went up a lot in the first hours after the weekend, yet in the past few hours silver took a spectacular nose dive, almost as if global peace has broken out. That is according to the gold and silver prices as listed on the website I like to look at for these prices on the other side of the globe, giving also the option to look at price developments in the past week, day and even one hour (on your nz-site I found at best the choice of price developments within a month): https://www.hollandgold.nl/koersen/goudkoers.html (at the top right you can select the British flag)
By the way, in another post in this thread you wrote about president Donald Trump being very unpopular outside of the U.S., that is mostly true, yet for some reason that I can't mention the man is far more popular than within the U.S. itself in a certain small Mediterranean country that I can't mention either (it's not the Lebanon). I also can't mention what I think of this.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Yes silver has taken a small drop down to $92 or so, but you must realise the American markets collide with bed times in New Zealand, while its daylight savings we are GMT +13, so I can't report on most of the action when I am asleep. I am a night owl, so go to bed 12 - 2am NZ time and usually don't get up until 9 -10am next day.
My last post was 10.50pm NZ time and this post is 9.38am NZ time, so I pretty much check the gold price before bed and then check when I am up.
PS Checked that site - its great, has prices for Palladium which mine does not. I have a Tongan Palladium coin set from 1967. It had 3½ ounces of it, I paid $5k NZ for last May. Its now around $12k.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
A Tonga 1967 palladium set, awesome! And the time zone, of course!
Today simply has been a wild rollercoaster ride for silver, it briefly went above US$ 96/ounce, briefly below $87 and now back up around $90, according to the Dutch website. It shows the precious metals prices from the Amsterdam Exchange I think, the trade always closes and opens at midnight Dutch time, around weekends and official holidays.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Yes and looking at that chart you can see the price was around $96 an ounce when I did my post late last night (10.50am in your time).
Looks like it stayed steady to around 1 - 2pm and then crashed bottoming out at 3,30pm your time, 3.30am our time.
And you are right finished on $90.50 US not $92. I got confused as our dollar dropped from 60.1 US cents down to 59.3 US cents and that is why the NZ conversion made it look higher.
Wonder what it will do rest of this week?
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Looks like silver is tanking again, down to $80 US, a $10 drop in a few hours. Off to bed no, 12.41am NZ time.
Got to see the blood moon though.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Looks like silver is tanking again, down to $80 US, a $10 drop in a few hours. Off to bed no, 12.41am NZ time.
Got to see the blood moon though.
Enjoy the blood Moon!
Weird to see both gold and mainly silver drop that much in such a short time while everyone would expect these prices to naturally go up due to the current tension in the world. At least the price of oil is going up as expected.
The price for that commodity has risen by nearly 100% in just 2 days (the first jump is just after the end of the weekend, the fixed weekend price has been left out in this graph): This is disasterous for low-income EU-consumers depending on it for heating their homes who don't have a multiple years fixed price contract.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
You have been interrogative, vituperative and insulting since I suggested Trump was responsible or at least partially so for the instability of metal prices. There have been frequent snipings and last words, because my guess is you are around 12 years old or have the mental age of a young and easily hurt child.
I have made very clear my feelings over the directions of USA politics and you may not agree with it, but you are not allowed to question my right to hold these views. Trump is a belicose tyrant, that is my view. (Belicose, a fancy newfangled word for “war mongerer”).
I have tried incredibly hard to steer the conversation back into precious metal prices, but you just can not let it go as you are so petty minded and bitter, you have been emotionally scarred by my lack of admiration of the orange ball of doom. Please grow up and get a life.
If you can not add anything constructive to this thread, don't post on it. All I see from your replies here, is a lot of attacks in my direction and ZERO content on the prices of precious metal coins beyond absolving Trump from them.
PS: T Con, please don't respond, as I don't care what you have to say or think and yes I am a male, a gay autistic one - so perhaps you may want to unload some of your “traditional” views on that too.
You claim that I am “interrogative, vituperative and insulting” but where? I said you're a smart guy, and I sincerely believed that based on many of your thousands of earlier comments in other threads over the years (my esteem is held in the past tense though I must add). Only later, when you - of your own volition, unprovoked by anyone here - continued your rant against Trump did I say that you sound like the “madman” against whom you railed. Nobody goaded you, nobody insulted you. Rather, you did this all to yourself. Even in your latest missive you railed against me, and Trump, while simultaneously claiming to “steer the conversation back into precious metal prices.”
And you demand that I not reply to your barrage of personal insults. From what moral high-ground do you make that demand? Who insulted whom here? Shall I copy and paste the numerous insulting comments you made against me in this thread? Only then might you see the irony of your claims.
PS: silver is down a bit today, but long-term patterns are more informative than daily updates. I'm a collector, not a day trader, and I don't check spot more than every few weeks.
You have been interrogative, vituperative and insulting since I suggested Trump was responsible or at least partially so for the instability of metal prices. There have been frequent snipings and last words, because my guess is you are around 12 years old or have the mental age of a young and easily hurt child.
I have made very clear my feelings over the directions of USA politics and you may not agree with it, but you are not allowed to question my right to hold these views. Trump is a belicose tyrant, that is my view. (Belicose, a fancy newfangled word for “war mongerer”).
I have tried incredibly hard to steer the conversation back into precious metal prices, but you just can not let it go as you are so petty minded and bitter, you have been emotionally scarred by my lack of admiration of the orange ball of doom. Please grow up and get a life.
If you can not add anything constructive to this thread, don't post on it. All I see from your replies here, is a lot of attacks in my direction and ZERO content on the prices of precious metal coins beyond absolving Trump from them.
PS: T Con, please don't respond, as I don't care what you have to say or think and yes I am a male, a gay autistic one - so perhaps you may want to unload some of your “traditional” views on that too.
You claim that I am “interrogative, vituperative and insulting” but where? I said you're a smart guy, and I sincerely believed that based on many of your thousands of earlier comments in other threads over the years (my esteem is held in the past tense though I must add). Only later, when you - of your own volition, unprovoked by anyone here - continued your rant against Trump did I say that you sound like the “madman” against whom you railed. Nobody goaded you, nobody insulted you. Rather, you did this all to yourself. Even in your latest missive you railed against me, and Trump, while simultaneously claiming to “steer the conversation back into precious metal prices.” - Actually I had never heard of you or even cared about you until you took exception to my comments and now I really still don't care one iota about you or your comments
And you demand that I not reply to your barrage of personal insults. From what moral high-ground do you make that demand? Who insulted whom here? Shall I copy and paste the numerous insulting comments you made against me in this thread? Only then might you see the irony of your claims. - So I am on trial here for not liking Donald Trump, if I was praising him or blaming someone or something else for these price rises, you would not be dragging me through the wringer
Also no one else on this thread has even noticed or cared about my comments, one person actually defended me against you (Totally unexpected, but it was appreciated and called you out for the fool you are).
Stop fighting your lone crusade, its even funnier that Trump was just disliked at the start of this thread, but now is he is universally loathed by most for starting World War 3. Perhaps you can explain your love of Trump to the hundreds of dead innocent people killed by his fit of pique.
Meanwhile the gold and silver price dropped a bit (Which is where you may be right T Con, as these metals have stopped caring about the latest wackadoo direction the American fuherer has taken next) and it looked worse as our dollar keeps dropping against the Trumpback.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Prices stabilised a bit yesterday. Silver is a bit lower at $83, which seems good after the $90s last week and gold seems to have found some stability around the $5.1k - $5.2k with it at $5,130 I think. Silver dragons had another panicky Youtube video about prices being “nuked” they do seem to exaggerate.
Quite interesting as I thought this week, it would go gangbusters and its been quite cool, oil that is another matter!
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
To be honest, oil has gone crazy, but gold and silver have been fairly calm, we had some dramatic rises early on Monday and dramatic drops on Tuesday, but its been calm Weds to Friday.
Gold finishes at $5,171 and Silver at $84.50 per ounce, not much change from last week. Still high but hardly at the catastrophic highs of late January.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Prices stabilised a bit yesterday. Silver is a bit lower at $83, which seems good after the $90s last week and gold seems to have found some stability around the $5.1k - $5.2k with it at $5,130 I think. Silver dragons had another panicky Youtube video about prices being “nuked” they do seem to exaggerate.
Quite interesting as I thought this week, it would go gangbusters and its been quite cool, oil that is another matter!
Meanwhile, will we ever be able to afford to squirrel away bulk silver again? I mean abox of 237 spare silver coins I have mostly the Half Crown, Half dollar size - is now like $11,537 on my list and when I paid around $3k for them back in the day (Ye olde late 2024).
Why are we not revelling that our silver has more than tripled in value??? 🤔
Because I want to buy more, but I can't afford it with silver at this kind of price.
Meanwhile, will we ever be able to afford to squirrel away bulk silver again? I mean abox of 237 spare silver coins I have mostly the Half Crown, Half dollar size - is now like $11,537 on my list and when I paid around $3k for them back in the day (Ye olde late 2024).
Why are we not revelling that our silver has more than tripled in value??? 🤔
Because I want to buy more, but I can't afford it with silver at this kind of price.
Me too, my buying has suffered and my few purchases this year (2026) have mainly been numismatic as opposed to bulk silver ones.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Stop fighting your lone crusade, its even funnier that Trump was just disliked at the start of this thread, but now is he is universally loathed by most for starting World War 3. Perhaps you can explain your love of Trump to the hundreds of dead innocent people killed by his fit of pique.
Meanwhile the gold and silver price dropped a bit (Which is where you may be right T Con, as these metals have stopped caring about the latest wackadoo direction the American fuherer has taken next) and it looked worse as our dollar keeps dropping against the Trumpback.
My lone crusade? My love of Trump?
You may wish to re-read this thread, then you'll you see that it is you who is on a lone crusade, not me.
Be sure to count your various barbs against me and your petty euphemisms for Trump, then count my purported comments espousing my “love of Trump."
PS: “universally loathed by most” is a contradictory statement. You made me laugh. Well done, sir.
PPS: if you want to espouse your politics take it to Reddit or 4chan.
Meanwhile, the price of silver has, in fact, stabilised and sits a hair above where it was a month ago according to PCGS:
Stop fighting your lone crusade, its even funnier that Trump was just disliked at the start of this thread, but now is he is universally loathed by most for starting World War 3. Perhaps you can explain your love of Trump to the hundreds of dead innocent people killed by his fit of pique.
Meanwhile the gold and silver price dropped a bit (Which is where you may be right T Con, as these metals have stopped caring about the latest wackadoo direction the American fuherer has taken next) and it looked worse as our dollar keeps dropping against the Trumpback.
My lone crusade? My love of Trump?
You may wish to re-read this thread, then you'll you see that it is you who is on a lone crusade, not me.
Be sure to count your various barbs against me and your petty euphemisms for Trump, then count my purported comments espousing my “love of Trump."
PS: “universally loathed by most” is a contradictory statement. You made me laugh. Well done, sir.
PPS: if you want to espouse your politics take it to Reddit or 4chan.
Meanwhile, the price of silver has, in fact, stabilised and sits a hair above where it was a month ago according to PCGS:
It looks like you really don't like what Moneytane has written about president Donald Trump. A fan?
The recent actions and speeches of Trump have made abundantly clear that nobody except Netanyahu can trust him, his promises are completely worthless. Killing the leader of Iran and much of his family, yet not his son who is the new likely traumatized leader now, has backfired spectacularly. My impression is that Trump acts like a puppet of Netanyahu by getting into this extremely distructive war. In the mean time we have not heared anything from Netanyahu for a while, it looks like this war against Iran has backfired to Israel spectacularly as well, though it is hard to get proof of that due to the present extreme Israeli censorship. There are the heavy sanctions against Russia as well, now suddenly the U.S. is considering lifting some of them temporary as they need Russian oil due to their own actions.
Could you kindly explain how you expect people outside of the U.S. (besides some Israeli war mongers) could be able to think in a neutral or even positive manner of Trump, for starting wars he promised not to start, for causing fresh water shortages (desalination plants in Iran and Bahrain have been attacked), for likely causing upcoming famine in many places due to unaffordable energy prices that turn out to be devastating to the German economy already and for his reputation of talking with total disdain about just about anyone without a U.S. or Israeli passport? For example, Canadians mostly did not appreciate Trump stating that Canada should become the 51st state and for him raging a trade war against them. My personal impression is that Trump is not very good at diplomacy.
Under such conditions of war and economic uncertainty one would expect the prices of silver and gold to rise, as that is what normally happens. It makes me wonder wether the current prices just reflect the prices of gold and silver on paper and not the value of the real metals, for as the present fiat currencies can be printed without any limit it seems, just like Germany, Argentina and Zimbabwe have done in the past.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
It looks like you really don't like what Moneytane has written about president Donald Trump. A fan?
Please don't put words in my mouth. What I said was:
TCon
Sounds like a not-so veiled critique of President Donald J Trump. Not a fan?
My comment was a rhetorical question / light-hearted joke, because obviously he is not a fan.
And I also said:
TCon
There's a lot more to the yo-yo / bounce than anything Trump ever did. This thread is full of examples.
I've read your threads over the years, you're a smart guy, you know all this stuff.
Hate Trump if you want to but he's in no way the prime suspect here.
Which was an objective and reasoned and complimentary reply to @Moneytane whose subsequent insults and rants against me were anything but objective or reasoned or complimentary.
E. Timmermans
Could you kindly explain how you expect people outside of the U.S. … could be able to think in a neutral or even positive manner of Trump…
Again, please don't put words in my mouth.
I never said that I “expect people outside of the U.S. … [to] be able to think in a neutral or even positive manner of Trump…”.
People outside of the US are welcome to have any opinion of Trump they so choose, but remember:
This is a coin forum not Twitter. Try to stay on topic.
Guys, it's literally in the forum policy that politics and religion are not to be discussed, please keep your political views to yourself and stick to the topic
I haven’t gone to a coin show since sept last year. Will be curious to see what prices look like in the upcoming shows. More money might stay in my pocket
I forgot to post my update from the show… I think silver coins felt more expensive though there were still some deals to be had. I did end up finding a lot of base metal coins to plug gaps in my collection which were much easier to digest. The experience overall felt good and I also met a fellow Numista member with who i did a decent sized swap on the side
Guys, it's literally in the forum policy that politics and religion are not to be discussed, please keep your political views to yourself and stick to the topic
I tried hard to and move on, believe me.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Guys, it's literally in the forum policy that politics and religion are not to be discussed, please keep your political views to yourself and stick to the topic
That is true, you're right.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
After the huge surge and then major crash, the silver price has been pretty stable for the last couple of weeks, hovering between NZ$130 and NZ$140 (currently NZ$136). Maybe this is the price we'll see for a while?
What are your thoughts on it? Anyone into crystal ball gazing?
It surely is true that we're not supposed to share political and religious views as you pointed out in your latest post, so I had a look at the very first post. The questions in the first post are inherently political and religious in nature, as the silver price is largely dependent on politics and as inviting crystal ball gazing could be taken as offensive by people of various religions.
For that reason I suggest to end this entire thread.
Unless you guys are having too much fun here, I must admit I really enjoyed it so far, yet it would require some serious mind bending to continue though. Anyway, thank you creating this thread, neilithicman!
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
and as inviting crystal ball gazing could be taken as offensive by people of various religions.
Nah, I think you take this the wrong way. “Crystal ball gazing” is a little more fun way to say “to guess the future” or “to see in the future”. I'm having a hard time seeing anyone being offended by that, but what do I know? I'm just a someone trying to see the possitive in things. 😇
and as inviting crystal ball gazing could be taken as offensive by people of various religions.
Nah, I think you take this the wrong way. “Crystal ball gazing” is a little more fun way to say “to guess the future” or “to see in the future”. I'm having a hard time seeing anyone being offended by that, but what do I know? I'm just a someone trying to see the possitive in things. 😇
My bad, English is still my second language and I didn't realize that it is a commonly used expression. I'll give myself a slap on the face. 😉
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Price of any commodity is usually about global supply-demand balance.
Politics seems secondary and religion largely irrelevant (unless we are talking about the price of, say, relics).
Generally indeed commodity prices depend on supply and demand. What makes gold and silver different is that traditionally wealthy people tend to hoard these metals in times of tension in order to protect their assets. That is partially caused by the archetypal fear of being forced to flee, as the easiest way to carry some wealth while fleeing is or seems carrying gold and silver. In times of economical uncertainty, often caused by political decisions, people also tend to put a larger section of their wealth in gold and silver, as historically these metals retain value, while stocks and fiat currency tend to collapse in value. It might be wiser to stock up on other things, but that is besides the point.
The trend for needing lots of silver for the production of solar panels and electrical vehicles is mostly caused by political decisions and propaganda, which makes politics a primary cause of the high demand of silver in my point of view.
Traditionally most wars are caused by clashing religious views and/or religious fanaticism. Eventhough we live in a time where rationalism seems to dominate, in the West at least, religious views and desires still have a dramatic global impact. I know that much of todays global tension has a hidden religious root cause that many people are not aware of.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Politics seems secondary and religion largely irrelevant (unless we are talking about the price of, say, relics).
Coins and notes are very much about politics and power projection - at least historically. The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country. But even that is actually political in a way…
And religion is still a large part of coin collecting, just consider how popular coins from Vatican City are?
Luckily we are talking about precious metal prices here. Well I’m not, as politics and religion are far more interesting, but I am only talking historical and in relation to coins 😉
„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“
Politics seems secondary and religion largely irrelevant (unless we are talking about the price of, say, relics).
Coins and notes are very much about politics and power projection - at least historically. The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country. But even that is actually political in a way…
And religion is still a large part of coin collecting, just consider how popular coins from Vatican City are?
Luckily we are talking about precious metal prices here. Well I’m not, as politics and religion are far more interesting, but I am only talking historical and in relation to coins 😉
Those first two points are true, but as you say in in the third point the thread is about the price of silver and only secondarily about coins.
Silver seems to have remained stable around the NZ$140 mark, despite current world events that would normally see a spike in precious metals. That, coupled with our local online auction sites abolishing success fees on auctions, means it might be time to cash in my scrap silver, and use that to buy some coins I want for my collection.
and as inviting crystal ball gazing could be taken as offensive by people of various religions.
Nah, I think you take this the wrong way. “Crystal ball gazing” is a little more fun way to say “to guess the future” or “to see in the future”. I'm having a hard time seeing anyone being offended by that, but what do I know? I'm just a someone trying to see the possitive in things. 😇
My bad, English is still my second language and I didn't realize that it is a commonly used expression. I'll give myself a slap on the face. 😉
Don't beat yourself up, mate. English's not my first language either, but I believe we have a similar saying, though. 😊
Silver seems to have remained stable around the NZ$140 mark, despite current world events that would normally see a spike in precious metals. That, coupled with our local online auction sites abolishing success fees on auctions, means it might be time to cash in my scrap silver, and use that to buy some coins I want for my collection.
You do realise it will destroy the market as Ping is charging fees on both sides and you can't pay with bank deposits anymore. I means another greedy company cuts into our sales.
Trade Me changes were strung on fast, little notice and typical of the profit mad, mega corporation world we live in.
People in other countries - do you also have online auctions that forever hike fees or make buying and selling hard.
Finally I think the markets may soften more. Prices still look high, but the New Zealand peso has dropped again.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
MoneytaneYou do realise it will destroy the market as Ping is charging fees on both sides and you can't pay with bank deposits anymore. I means another greedy company cuts into our sales.
Finally I think the markets may soften more. Prices still look high, but the New Zealand peso has dropped again.
The ping fees are a fraction of what the success fee was. Abolishing the success fee and charging ping fee makes it cheaper to sell. With the old system, the seller would be stung with a success fee, and then charged the ping fee on top of that. Splitting the fees between buyer and seller makes it a lot fairer. It could even lead to prices coming down, since traders often hike prices to counter the 7.9% success fee.
and as inviting crystal ball gazing could be taken as offensive by people of various religions.
Nah, I think you take this the wrong way. “Crystal ball gazing” is a little more fun way to say “to guess the future” or “to see in the future”. I'm having a hard time seeing anyone being offended by that, but what do I know? I'm just a someone trying to see the possitive in things. 😇
My bad, English is still my second language and I didn't realize that it is a commonly used expression. I'll give myself a slap on the face. 😉
Don't beat yourself up, mate. English's not my first language either, but I believe we have a similar saying, though. 😊
It was just a slap, I didn't loose any teeth, no worries pal!
Oh, I noticed that the price of silver found a pogo stick.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country.
If i remember correctly, didn't Netherlands build all of the bridges shown on the euro banknotes?
The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country.
If i remember correctly, didn't Netherlands build all of the bridges shown on the euro banknotes?
No, but the Netherlands is connected to the bank notes in one special way. However the buildings all represent periods of architectural development and thus periods of European history, from the Romans to gothic to Modern - but the actual depictions are not of any one structure that exists in reality. The EU didn’t want arguments that a French or German building appeared on the most used note or something stupid like that so they stylised an imaginary scene. Next will be some wildlife on the notes, as nature doesn’t give two hoots (pardon the pun) about country boarders.
The Euro notes were based on the Dutch Guilders which came up with the different strong coloured notes in the 70s/80s, a revolutionary way of doing it at the time as bank notes were generally the same colour or not so distinctive before this. The idea being that people (especially those with poor eyesight) would associate the colour with the note, without having to look at the denomination.
„If your reply or post in the Forum stinks of AI, I will call you out! Knowledge comes from experience, the I in AI stands for incompetence.“
The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country.
If i remember correctly, didn't Netherlands build all of the bridges shown on the euro banknotes?
The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country.
If i remember correctly, didn't Netherlands build all of the bridges shown on the euro banknotes?
Silver and gold finish the week relatively low at US $80.50 for an ounce of silver and just over $5k for an ounce of gold.
No real difference for us Kiwis - the peso de Nueva Zelanda has haemorraged another penny and sits at a measly 57.6 US cents down from the 60 cents at the start of the week.
Funny about the Dutch inspiring Euro banknotes, the Dutch really love late 60s/early 70s graphic art and Helvetica lettering like its the colour and groove collective of 1970.
I was thinking had the Dutch people built the bridges originally would be impossible before 1584 as Holland did not exist as a country before then and the Roman bridge, it was part of Germania Inferior south of the Rhine and Germania outside the Pax Romana, then it was Iron age Angle villages up to the 10th century and some medieval cities and half submerged until the 1500s, as the cultural nexus of Flanders was mostly in Belgian Flanders. The later 1500s saw the rise of Holland and thus everything on the 50 Euro and up could have been handled by them.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
The Euro notes and coins are probably the only modern circulating money to try and end this with the fake constructions depicting architectural periods on the notes and the limit on circulation commemorative 2€s per year per country.
If i remember correctly, didn't Netherlands build all of the bridges shown on the euro banknotes?
Yes i was talking about that, probably should've added the link in the first place. Im aware that these were built after the euro was first introduced and during the old series, but i think its pretty cool that the bridges are real now
These bridges in Spijkenisse are quite funny in my experience, as Spijkenisse is basically just a Rotterdam suburb with the bridges being built over some moats and minor river branches. It is quite fitting for the ‘designs’, that are more suitable for Monopoly money than for real money. I felt quite sad when the beautiful Dutch Guilder notes were replaced with these displays of misery that are about as exciting as a slab of concrete.
In the mean time it is remarkable that gold and silver dropped in price again, now about 10% lower than just before the war against Iran started. Something fishy is going on, yet I don't have a clue what exactly. The logic eludes me. Anyone?
Completely off topic: I just ordered some silver coins.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
In the mean time it is remarkable that gold and silver dropped in price again, now about 10% lower than just before the war against Iran started. Something fishy is going on, yet I don't have a clue what exactly. The logic eludes me. Anyone?
Completely off topic: I just ordered some silver coins.
Oh, have they dropped?
Looking now at the current silver price, the graph really shows a decrease.
It is now at 2,44 US dollars or 2,12 euros per gram.
Good luck with your silver purchases.
Next week I'll think if I will go to a coin fair, hope the price lowers a little more until then.
Prices have really dropped as focus goes on to oil supply, Israel did the stupidest thing possible by bombing that Island. Silver has declined through the 70s this week and it seemed to bottom out at US$67.89 at 8am 19/3 American time, now its around $73 having recovered.
Gold has slumped out of the $5ks and now around $4,700. It dropped as low as $4,565. Its possible both metals will move back towards more realistic levels and we can all start adding to our collections again.
We have not had prices this low since New Year!
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
It makes you think that the factors driving PM pricing are not wholly liked to global instability … If buyers suddenly realize “oh, the price DOESN'T ALWAYS GO UP” a light bulb goes on, and they stop listening to the hype about why they MUST BUY NOW.
Silver continues to drop, $68USD and gold drops under $4,500. Basically I may start buying coins again soon. Still way overheated though.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Like many here, I've lost thousands with this drop. But also like many, it really doesn't affect my cost basis, which is still way below current prices. Buying opportunity? God only knows, and I've never been one to speculate. Bottom line is the US dollar is still in trouble, what with unsustainable debt, demand for physical silver still out paces supply, BRICS nations are still buying. My own position is to hold, and hope things start to settle down.
Yes, losses would be on paper only, and thankfully I have no dire need to sell. My question here is these extreme fluctuations seem to be paper, or futures driven. I have only a basic understanding of the commodities market. To manipulate the market to this extent, there would still need to be contract buyers. I guess I can't figure out how this can be done so easily.
I agree. I watch those silver Asian AI videos for entertainment instead of informational content. But some of it does make sense. I'm not really smart enough to separate the wheat from the chaff. So my position is cautious, but trying to remain open minded.
I really don't do well with ‘life in the fast lane’. I'd much rather say “let me off!”
Yes, losses would be on paper only, and thankfully I have no dire need to sell. My question here is these extreme fluctuations seem to be paper, or futures driven. I have only a basic understanding of the commodities market. To manipulate the market to this extent, there would still need to be contract buyers. I guess I can't figure out how this can be done so easily.
Here's how:
The order finds that, from at least 2008 through 2016, JPM, through numerous traders on its precious metals and Treasuries trading desks, including the heads of both desks, placed hundreds of thousands of orders to buy or sell certain gold, silver, platinum, palladium, Treasury note, and Treasury bond futures contracts with the intent to cancel those orders prior to execution. Through these spoof orders, the traders intentionally sent false signals of supply or demand designed to deceive market participants into executing against other orders they wanted filled. According to the order, in many instances, JPM traders acted with the intent to manipulate market prices and ultimately did cause artificial prices.
What's funny now is as the silver price drops and is now under $70 an ounce ($116 NZ) yet we have sellers on trade me still selling silver coins at over $200 an ounce. A lot of things like quarters at $30 each and $65 Half dollar coins, $69 Half crowns etc.
I love coins. Especially silver, gold and anything really old.
Member of the Royal Numismatic Society of New Zealand and the Auckland Numismatic Society
Weird that at the time of instability and soaring oil prices, precious metals are going in the opposite direction. Silver currently around NZ$120. Dropped around 19% in the last 30 days. Gold down as well, but not quite as much. It's fallen by around 12% in the last 30 days. It looks like I missed the opportunity to offload my scrap silver for $150 per ounce.
Weird that at the time of instability and soaring oil prices, precious metals are going in the opposite direction. Silver currently around NZ$120. Dropped around 19% in the last 30 days. Gold down as well, but not quite as much. It's fallen by around 12% in the last 30 days. It looks like I missed the opportunity to offload my scrap silver for $150 per ounce.
My bet is that silver will reach $150 later on this year, shortly before it reaches NZ$150. The crystal ball has spoken.
Besides coins I love geometry. The avatar consists of each of the 35 hexominoes used precisely once. With the 5 large yellow shapes placed like this, the solution for tiling the remaining 30 hexominoes is unique.
Weird that at the time of instability and soaring oil prices, precious metals are going in the opposite direction. Silver currently around NZ$120. Dropped around 19% in the last 30 days. Gold down as well, but not quite as much. It's fallen by around 12% in the last 30 days. It looks like I missed the opportunity to offload my scrap silver for $150 per ounce.
More evidence of market manipulation having created the bubble?
