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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: jjkirk who wrote (24154)12/24/2002 8:16:25 AM
From: Roebear  Respond to of 36161
 
Silver bullion and ...
I might not get another chance, so want to post to all:
Very Best Wishes For A MERRY CHRISTMAS AND HAPPY NEW YEAR!
jjkirk,
Good for you, everyone ought to have and buy a few gold coins at least.

I just had to take advantage of the mint's overproduction of 2002 Silver Eagles and the reduction in premium afforded which increases their viability as a bullion holding. The Mint had given notice to coin dealers that to obtain 2003 Eagles they had to buy two 2002 Eagles for every three 2003 Eagles (silver). SO dealers dropped prices on 2002 Eagles to move them out, saw prices as low as 5.80 (100 coin purchase) on 2002's. Either those were teasers or I missed the bottom, but did get some low 6's. 2003's going for (last time I looked) 7.20-7.45, 2001's around 7.05 (quantities of 100), making the 2002's very attractive from a silver bullion aspect.

I would also note that at the time of my purchase last week prices were rising on 2002 Silver Eagles....

Roebear