| Author |
 Topic  |
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
 Posted - 09/15/2009 : 13:03:59
|
We're back into the $17's now for silver and above $1000 for gold...
I want more and more, but I want it at lower prices! 
Here's a good question...
At what price would the words, "this price is crazy, I'd like to sell" come out of your mouth?
|
goto the new and improved realcent: http://realcent.org |
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 09/15/2009 : 13:16:06
|
| When those magical bills show up, and the green stops coming in. |
Trolling is an art. |
 |
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 09/15/2009 : 14:57:43
|
| There is no sell price for me unless I think we enter a metal mania similar to 1980 and there is reason to believe the dollar will strengthen in the future. If the price of silver went to $1,000,000 due to inflation, what good would 1,000,000 worthless paper notes do you? (and imagine the taxes!) I'll only sell when I see solid evidence that the fed is going to raise rates sharply and the government is going to massively curtail spending. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
|
dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 09/15/2009 : 15:26:27
|
| We all know that we should of been buying silver in the last couple of years, but other bills keep coming due. |
|
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 09/15/2009 : 15:27:45
|
I think we are heading into another 1980 event because of the depreciating dollar. I participated in the 1980 silver event. It was a PM market manipulated by the Hunt brother's speculation, followed by the public selling their silver coins, followed by the COMEX allowing PM futures selling ONLY. This time around the public will be buying because they no longer have any silver or gold.
Already, we hear of foreign governments diversifing away from the dollar into alturnative investments such as gold, natural resources, and other currency baskets. I think the final signature blowoff will be when the ordinary person scrambles for PMs and tangibles. Perhaps when that occurs, those who own PMs should diversify away from PMs into some other asset class, such as land or real estate. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
Edited by - Country on 09/15/2009 15:33:33 |
|
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 09/15/2009 : 15:31:40
|
If we get a quick run up like what the hunt bros caused, I will happily sell some of my position. And will more happily rebuy when the drop comes shortly afterwards.
Now to put a number to it wouldn't do any good when everything else is rising in price at the same rate. If I see $3 gas and $30 silver I will probably let go of 25% and wait to buy on a 20% dip. Rinse and repeat.
|
|
|
|
jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 09/15/2009 : 15:34:11
|
| When the gold/silver ratio hits 1:1 and gold is >=$6,000 oz, or when the median US home price = approx 600 oz of silver |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
Edited by - jonflyfish on 09/15/2009 15:37:18 |
|
|
|
ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 09/15/2009 : 16:34:22
|
I'm currently out of silver from selling at 17.00. That was my sell out target price. I might set it higher and rebuy from the public again undervalued. I'm guessing that silver continues to rise but hey who knows.
Scott |
|
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 09/16/2009 : 01:26:23
|
| Gold just hit 1017. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 09/16/2009 : 02:24:35
|
| SO if the bull run in silver doesn't stumble until after the New Year, will we see $25 silver this time around? |
"May your percentages ever increase!" |
|
|
|
Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 09/16/2009 : 07:39:51
|
quote:
Originally posted by AGgressive Metal
Gold just hit 1017.
Dude, man, I know, right??!?  High five! I can't believe it! This is awesome. *goes off to pore over her spreadsheets* |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
|
|
|
Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 09/16/2009 : 09:15:14
|
As the silver price moves up, I've noticed some slight weakness in the BUYing of 40%/90%/rounds by the major online dealers. Maybe some folks are starting to SELL their PMs. I'm seeing some of this on RealCent too.
Big dealers now sell 40%/90% at SPOT without any premium, rounds with a small premium, but their BUY prices are weakening. This is what happened in 1980 as the silver price skyrocketed - silver bought at 70% spot or less when it hit $40-$50. However, this may change when the general public get scared and buys at any price when the dollar looses value precipitiously. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
|
Edited by - Country on 09/16/2009 09:16:47 |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/16/2009 : 09:25:58
|
| I was able to buy 90% heavily last night at coin club for 11.4 to 11.8x. I believe current dealer buy price in this area is at 11.8x. Interesting thing.. usually the market drops immediately after I buy.. but this time even I can't turn the market. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/16/2009 : 09:37:03
|
| Ever notice how when the price starts running up we all feel we don't have enough? We lament the fact that we didn't buy lots more while it was cheap. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 09/16/2009 : 09:38:12
|
I buy and sell continuously. I noticed at a large coin auction last night that 90% was going anywhere between 11X to 15X face for avg circ. The rare and high grade coins were all selling for large premiums over book value. It was a disappointing auction for a buyer like me. But, I did get a very old roosevelt collection and an Australian Gold coin for what I thought were good prices.
As far as my collection goes, I'm not willing to drive to the storage location unless I have a decent amount to add. I don't plan to reduce the stack until PM's outpace the effects of inflation. At this moment, PM's have a lot of catching up to do.
I would not be shocked if Gold hits $2000 and Silver hits $30 by 2011.
ps. I find it very useful to have the storage location a good distance away from me. It keeps it safe from my own hands |
goto the new and improved realcent: http://realcent.org |
|
|
|
buyingsilvers
Penny Collector Member
441 Posts |
Posted - 09/16/2009 : 11:56:09
|
| it's yawn for me until the ratio goes to 55. I'm tempted to pull the trigger now though. |
|
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/16/2009 : 13:00:19
|
quote:
Originally posted by Market Harmony
ps. I find it very useful to have the storage location a good distance away from me. It keeps it safe from my own hands
You could always store it with me. I would make good use take good care of your stash. |
You don't have to be the BEST you just have to be.......SLICK
|
|
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 09/16/2009 : 13:20:41
|
quote:
Originally posted by slickeast
You could always store it with me. I would make good use take good care of your stash.
I bet your service is "free"  |
goto the new and improved realcent: http://realcent.org |
|
|
|
PreservingThePast
1000+ Penny Miser Member
USA
1572 Posts |
Posted - 09/16/2009 : 13:34:28
|
quote:
Originally posted by HoardCopperByTheTon
I was able to buy 90% heavily last night at coin club for 11.4 to 11.8x. I believe current dealer buy price in this area is at 11.8x. Interesting thing.. usually the market drops immediately after I buy.. but this time even I can't turn the market.
THAT is exactly what I WAS thinking Monday when the price dropped slightly. I had made that huge purchase of one older silver dollar at the show on Saturday so, of course, I see the price start down and I figure my luck was holding true to form. What a shock on Tuesday to see it going back up. LOL
Success to all. |
|
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 09/16/2009 : 13:55:49
|
| WOW $17.39 / oz SILVER!!!!! Glad I didn't sell at $16.38!!!! |
You don't have to be the BEST you just have to be.......SLICK
|
|
|
|
wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 09/16/2009 : 18:00:06
|
Hi all-
I'm not selling any of my "safety net" PM's ever, unless we're looking at breadlines and such.
As for when I will sell, I don't really think about it too much. If I get some generic or foreign silver at a good price, and I think I can make $50-$100 profit on it, I sell it or trade it. There's not really a "magic price" that I will sell at. I just try to make money on the day-to-day spread.
JMO wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/16/2009 : 19:04:05
|
I think we all need to rememebr that gold and silver both are up mostly because the dollar is going down. Since most of us are being paid in dollars for our work that is bad news even though we may be holding PMs. I would much rather silver was going up because it was in shortage due to industrial demand.........but that's not the case at all. Yes, it's better to hold PMs than to not, but unless you are able to live off of your PMs now don't dance on the dieing dollar's deathbed.
edit- Except for you Ponce, you can dance with the stars. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 09/16/2009 : 20:25:24
|
I'm with Country on this one-
The masses laugh at 'buying' silver and gold
The masses selling their silver and gold to all of the 'we buy gold' outfits that sprout up like mushrooms
The major financial talking heads laughing at people who buy silver and gold
this all means no bubble, no interest from joe six pack, no desperate urgency to buy gold and silver.
When we are at the point where-
The masses laugh at selling silver and gold
The masses buying silver and gold from all of the 'we sell gold' outfits that sprout up like mushrooms
The major financial talking heads laughing at people who don't buy silver and gold in the form of ETFs, mining stocks an the like-
Then we will be at the sell off point, the point when PMs are in bubble territory and it is time to take profits.
When will that be? I don't know but the peak price of PMs isn't in the near term future. |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/17/2009 : 00:19:35
|
Might want to do a little dance.. hasn't worked for Indians this year yet though.
And while gold and silver are climbing.. it looks like copper is heading back up too. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 09/17/2009 : 00:33:32
|
1021 |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/17/2009 : 00:35:49
|
| Guess my conversion of tons of copper into silver and gold is looking pretty good right now. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
|
|
|
Topic |
|
Spot price discussion
Forum Locked
