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The Strike Point Archive 01

Re: Strike lottery
In Response To: Re: Strike lottery ()

I think we all know there is more to the cost of production than just the price of silver. There is already about $8.50 in silver cost alone for a $10 strike, leaving very little for other materials and labor, so clearly they will be forced to lower the silver content or raise the face value of strikes in the future if silver goes any higher, which I also predict will happen.

The result will be either discontinuing the strike program or making changes. Either way, the price of existing strikes should go up in the longer term, however a short term drop could occur if some collectors quit and liquidate their collections. This could create a GREAT opportunity for longer term investors.

Just my 2 cents.

Glenn

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Strike lottery
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Strike lottery-Jeff you & Sue become a snow birds?
Re: Strike lottery-Jeff you & Sue become a snow bi
Jeff-Email me trying to get club coin info for NL

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