I am just a little player, but I do stay constantly involved. In this particular instance, I wan't to share my perspective on Silver Coin, and other Precious Metal vehicles. I use multiple sources, but I am always placing some number of bids on quality items. I don't win any big percentage of those bids. I most often low ball my bids, so that i have the capability of recovering at least a small amount of profit. With that being said, I almost always win a dozen, or more, out of 100 items.
Since Friday, I have placed hundreds upon hundreds of Bids! More likely thousands of bids! I could go back and count, but that would be moot. Under normal circumstances i should have won a bare minimum of 30 to 40 coins. I DID NOT WIN A SINGLE COIN!!! Let that sink in for a few seconds.
I even made bids on multiple coins, for amounts close to the current High Bids - on similar coins, and in some instances above! NO WINNERS! Most Silver Coins are selling far above the Spot Prices! The gains, in spot prices today, are far from reflecting the True Prices being paid for these investments! I even suspect the market corrections, in BitCoin today, reflect profits being taken and placed into Precious Metals. It is a very real possibility, and a strong probability.
The Only success i have had, was a blessing where I stumbled across some "buy it now" silver coins, which were priced significantly below the current prices being paid on auctions and with dealers. Of course I picked up all that were available. That occurred at the tail end of all the many hours, i have invested since Friday! I have exhausted all of the time, and too much additional time, to work any more auctions - for the present time at least.
If you are follow Precious Metals, or know of the strong relationship they hold with BitCoin(in particular), I thought you may be interested in this tidbit of Reality.
Formulate your own conclusions.