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GA-Silver
Penny Pincher Member
USA
238 Posts |
Posted - 04/21/2010 : 12:54:58
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| I see that silver is again over $18.00 today (1:53 PM EST). |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/21/2010 : 15:10:30
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| Definitely a roller coaster |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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kentucky7887
Penny Sorter Member
USA
30 Posts |
 Posted - 04/21/2010 : 16:11:39
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| I know many of you like to hold physical bullion, but I like using my kitco pool account. I can buy and sell in the dips all day long without paying commission on trades or fees. plus I like to trade between silver and platinum. platinum will be going back to 2200 soon, i bought it when it was around 1300 after a big hit. |
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BamaJoe
Penny Sorter Member
86 Posts |
Posted - 04/24/2010 : 21:58:45
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Well, I may be new to copper and half sorting, but as far as silver and gold in general I've been around the block a time or two. I was luckly enough that my Dad got me interested in the metal and stock markets back in high school. Even made a small fortune (for a college kid) in the Hunt Brothers runup. Kept buying (mostly collectables) until 2001 when I thought the time was right and put 75% of everything in metals. Since then I still add to it monthly and will continue to do so in the foreseeable future.
My point is that I've seen alot of those drops over the years. If you are going to get worried over each little drop maybe metals are not the place for you. You should ask yourself why you are investing in metals in the first place. Do you really think that the government is going to stop printing and spending money or even possibily think they were reduce the debt? If so maybe bonds are where you need to be. I happen to believe they are going to just keep on printing and going deeper in debt until it reaches the breaking point.
People thought I was absolutely nuts buying silver at $4.50 and gold at $275. They told me it was going down and I was throwing away my money. They thought I was nuts when I bought at $6/$400, and at $9/$600, and at $12/$800, and - well you get the idea. They keep telling me I'm nuts and I keep buying. Learn to look at the drops as a good time to buy and sit back and enjoy the ride. I happen to think that in the long term there is only one way for it to go - up.
Now I happen to be one of those buy physical and hold guys. If you are buying for the long term I would always take possession. As the saying goes - "If you don't hold it, you don't own it". Nothing against those that want to use pools or ETF's to buy and sell some I've just learned over the years that while I'm good at seeing long term trends I tend to suck at the quick buy and sell stuff - would never make it as a day trader. The only thing I play around buying and selling are a few mining stocks.
If you decide that you are you in for the long haul relax, enjoy and watch your stack build.  |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 04/24/2010 : 22:17:14
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I like BamaJoe.
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Come to the new and improved realcent: http://realcent.org
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 04/28/2010 : 10:06:43
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quote:
Originally posted by BamaJoe
Well, I may be new to copper and half sorting, but as far as silver and gold in general I've been around the block a time or two. I was luckly enough that my Dad got me interested in the metal and stock markets back in high school. Even made a small fortune (for a college kid) in the Hunt Brothers runup. Kept buying (mostly collectables) until 2001 when I thought the time was right and put 75% of everything in metals. Since then I still add to it monthly and will continue to do so in the foreseeable future.
My point is that I've seen alot of those drops over the years. If you are going to get worried over each little drop maybe metals are not the place for you. You should ask yourself why you are investing in metals in the first place. Do you really think that the government is going to stop printing and spending money or even possibily think they were reduce the debt? If so maybe bonds are where you need to be. I happen to believe they are going to just keep on printing and going deeper in debt until it reaches the breaking point.
People thought I was absolutely nuts buying silver at $4.50 and gold at $275. They told me it was going down and I was throwing away my money. They thought I was nuts when I bought at $6/$400, and at $9/$600, and at $12/$800, and - well you get the idea. They keep telling me I'm nuts and I keep buying. Learn to look at the drops as a good time to buy and sit back and enjoy the ride. I happen to think that in the long term there is only one way for it to go - up.
Now I happen to be one of those buy physical and hold guys. If you are buying for the long term I would always take possession. As the saying goes - "If you don't hold it, you don't own it". Nothing against those that want to use pools or ETF's to buy and sell some I've just learned over the years that while I'm good at seeing long term trends I tend to suck at the quick buy and sell stuff - would never make it as a day trader. The only thing I play around buying and selling are a few mining stocks.
If you decide that you are you in for the long haul relax, enjoy and watch your stack build.
WELL SAID! |
"You're not really gonna throw that out...are you"? |
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apdigs8
Penny Sorter Member
29 Posts |
Posted - 04/28/2010 : 21:03:19
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| kentucky- that's a great strategy as long as your crystal balls keeps working perfectly. Just don't come complaining to us when the game of music chairs is up and you're holding paper ponzi while we have the real deal... Nothing wrong with keeping a little bit in a pool account if your objective is trading... but if you are going for a long term investment I would shy away from the paper... There is a lot more paper running around than physical... |
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams |
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Silver drop
Forum Locked
Grrrhh! 
