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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
 Posted - 07/17/2006 : 12:01:34
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So here we are, on the monday of what looks like it's going to be one of the bloddiest weeks in the mid east in quite a long time and silver ??drops by 70 cents?? WTF? Talk about a manipulated market.
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deleted
56 Posts |
Posted - 07/17/2006 : 12:51:46
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Speculation I've been following my get a bit screwed up from this debacle.
Originally I heard buy at $9-$10 and sell when it approaches $15. I sold at around $14.46 and like a week later it went higher by 8 cents. I was mad I missed the highest point, but oh well.
Then it was suppose to return to the $9-$10 range (and it did) and I bought, and then it was suppose to go up to $20 later this summer. But with this going on, it could either skip the large jump or just take longer. I'm going to play it by ear for now and keep buying before it hits $12. Once it hits $12, I'll sit on it and watch it go.
But whenever there's a war like this, it's always gonna screw up the markets.
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realcent
Forum Admin
USA
246 Posts |
Posted - 07/17/2006 : 12:58:05
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I tend to not try to figure out the market for silver. My basic strategy is to buy what I can afford when I can. It works out to a sort of loose cost averaging system. I started buying back when silver was about $6.00 an ounce and have been slowly but steadily adding.
I try my best not to look at silver as an investment, meaning I am not looking for the right time to jump in or out. I firmly believe in the fundamentals of the metal, and that in the long run it is going way up.
RealCent
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For more copper cent hoarding information check out:
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56 Posts |
Posted - 07/17/2006 : 13:46:50
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Oh definately...in the long run it will. I use current spikes and lows to buy and sell, increase profit and use that in the lows to buy more. It's fun for me, but no matter what, 50% of my supply is to keep. The other 50% is for "investment". My keeper stuff is all pre-65 coinage and nazi reichmarks since people send those to refineries...fact is, eventually they'll get rare and worth a bit more.
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/17/2006 : 14:05:52
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| I've always seen nazi marks trade way over spot. |
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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
Posted - 07/17/2006 : 14:07:57
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| My "keeper" stuff is the opposite - purity, purity. purity. .999 bar silver, .9999 maple leafs, .999 nickels. Smelting and refining capacity for metals will tank just as much as mining and extraction will WTSHTF. |
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56 Posts |
Posted - 07/17/2006 : 14:30:16
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AS time goes on and fewer and fewer coins are out there, they'll go for higher prices. There's places ont he net you can find reichmarks at a reasonable price, but yes, they mostly do go for way over spot. I think pre-65 coinage will eventually go the same way so I'm getting in while it's cheap.
In a SHTF scenario, yes, refining capacities will be down, but the coins can be used for currency and are more easily identified for content. I'm not concerned with refining in that scenario, just coin value.
Who knows, maybe in 10 years I'll switch up, sell off the coins (for a nice profit hopefully!) and go with bullion.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/17/2006 : 18:49:08
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I got fed-up today and sold all my silver. I got an offer of $10.00 an ounce and I jumped on it. Next thing will be to get rid of all those dam nickels. 
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If you can conceive it, you can achieve it. -Napoleon Hill |
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56 Posts |
Posted - 07/17/2006 : 21:15:32
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Oh. My. Gawd!
I had 3 phone calls today of people getting scared and wanting to sell their silver. I took the first two (offered $10.05 an ounce) and didn't have any money for the third offer. HA!
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ImperialFleet
Penny Pincher Member
USA
217 Posts |
Posted - 07/18/2006 : 09:03:22
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I can't believe people. Buy high sell low? WTF? I wish I knew some of these suckers.
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“Ultimately, the Fed can flood the system by buying any kind of asset, or even dropping bank notes from helicopters" -Fed Chairman Ben Bernanke |
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WTF?
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