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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 07/03/2010 : 11:22:57
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Currently, the spot price of silver is around $17.87.
Would you buy more .999 fine silver bars if you could get them at:
$18.00 ?
$19.00 ?
$20.00 ?
At what point would you stop buying and maybe consider selling?
What say you...
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zerocd
Penny Hoarding Member
555 Posts |
Posted - 07/03/2010 : 11:50:45
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I just bought ASE's and other silver for $18.00 (POS=$17.87)
I would have passed if it was more.
I know what my small local shop will sell to me, at least a pretty good guess, before I go.
I usually will spend $400-$3000 and he buys low and sells on margin. I give lots of repeat business.
Well, I was just paying him $17.00 when that was spot. I avoided the shop and anywhere else when it was $19+
I hunted for halves then. I think it's low now from what it's going to be and if I have money that doesn't go to bills, I make a move.
That being said, I think it's probably good to buy at $19 now as I think it will go higher and stay there on average.
Always gonna be dips and that's striking time.
0CD |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/03/2010 : 12:06:18
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quote:
Originally posted by zerocd
I just bought ASE's and other silver for $18.00 (POS=$17.87)
I would have passed if it was more.
I know what my small local shop will sell to me, at least a pretty good guess, before I go.
I usually will spend $400-$3000 and he buys low and sells on margin. I give lots of repeat business.
Well, I was just paying him $17.00 when that was spot. I avoided the shop and anywhere else when it was $19+
I hunted for halves then. I think it's low now from what it's going to be and if I have money that doesn't go to bills, I make a move.
That being said, I think it's probably good to buy at $19 now as I think it will go higher and stay there on average.
Always gonna be dips and that's striking time.
0CD
you got a good deal on those eagles. I'm happy any time I can get them for less than $20  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/03/2010 : 16:24:04
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Buy at 18.00
Hold between 18-20
I sell some at 22
I'll pay 20 for ASE's, not one penny more. |
Come to the new and improved realcent: http://realcent.org
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Beau
Penny Pincher Member
216 Posts |
Posted - 07/04/2010 : 14:09:27
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| I wish I could get some at $18.00 |
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Nickelless
Administrator
USA
5580 Posts |
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Beau
Penny Pincher Member
216 Posts |
Posted - 07/04/2010 : 15:21:08
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| is that the shooting kind of lead? |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/04/2010 : 18:08:55
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Nickelless,
"Buying more lead and less silver"? Do you re-load? Get to know a commercial roofer in your hometown. They will sometimes give you the scrap lead they pull off old roofs! Or, will sell it at a really low price! It is almost always coated with tar, but that floats to the top in the melting pot and you can easily skim it off. Beware of lead fumes. Always work in a well ventilated area. |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 07/04/2010 : 18:16:33
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When should you stop buying silver?
$18?, $20?
Tuff question! I bought some at $22.00 when it was high. I just knew it was going all the way to $50.00, then it went back down.
One day, when it finally does get up to $50.00, we shall all be saying: "Darn! Wish I had bought more silver back when it was only $25.00!!" |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/04/2010 : 19:01:42
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| The bar keep rising higher and higher doesn't it? Many people buy with a dollar cost averaging system. That means they spend the same amount of dollars each week or month and get more or less silver depending on what the price happens to be at the time. That takes discipline and may be a good way to accumulate a large hoard over time. I'm currently am not a buyer. It would take much lower prices at this time and in this ecomomy for me to become one again. I'm currently not a seller though. |
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Think positive. |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/04/2010 : 19:10:25
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| Anything less than $20 is still a steal! |
Copper Penny Investing
www.portlandmint.com |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 07/04/2010 : 20:42:22
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On one hand I hope you are right beauanderos, but then on the other if silver has doubled by the end of 2011 then things in general will look very different and I am concerned for the worse.
I, for one, don't know how much more "change" I can handle at this point!
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/04/2010 : 21:29:50
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Silver has the very great potential to double (that's being conservative) within eighteen months without having to have things turn "ugly." If the purported scarcity of silver ever manifests itself in a true depletion of known resources, the silver users will scramble to stockpile an inventory at the same time as the COMEX shorts are covering. This could easily drive silver to $80 - $100 an ounce. This doesn't rely on the hyperinflation scenario to drive prices. I actually hope this scenario plays out rather than the dollar depreciation one. As many have said, silver below $20 is cheap  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
Edited by - beauanderos on 07/04/2010 21:31:05 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/05/2010 : 12:57:06
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I know silver is going up... but I also know that silver manipulation has yet to be fully broken.
So I am not a real buyer right now.
I will buy everything I can though if it gets to $16 or $16.50 (and I can get .999 rounds for $17 or so.)
I'll probably regret this caution later, but I don't have lots of available funds for buying right now anyway... so.... |
"May your percentages ever increase!" |
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ozarkbilly
New Member
USA
12 Posts |
Posted - 07/05/2010 : 15:31:48
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I don't have any bars, I mainly just buy 90%. I just keep slowly buying and piling. I've got multiple 100s of lbs of the afore-mentioned lead as well. I'm a fan of it!  |
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BamaJoe
Penny Sorter Member
86 Posts |
Posted - 07/05/2010 : 21:29:43
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Unless something really extreme happens, I'll be buying at all of those prices.
When silver was around $4.35 and gold was around $260 people said I nuts moving about 75% of everything into it. As it moved up since then they kept telling me I was nuts buying more each and every month since then - sometimes a little, sometimes a lot depending on my cash on hand. As it keeps moving up I'll keep buying each month. I'm reasonably certain that I'll look back one of these days and be happy I still bought at the "cheap" price of $20, $22, $24, etc. |
Edited by - BamaJoe on 07/05/2010 21:30:59 |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/06/2010 : 01:00:55
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| I wish I had been old enough and wise enough to buy in at $5 or less on silver. |
"May your percentages ever increase!" |
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johnbrickner
Penny Pincher Member
154 Posts |
Posted - 07/06/2010 : 02:08:10
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I buy on pull backs to the 200 day moving average and beyond. It serves me well as a signal especially as a believer it has much further upside potential than downside risk. If it goes lower then I'll just buy more. Especially given the current state of affairs.
It's a Jungle out there, |
"I Killed the Bank" from the tombstone of Andrew Jackson |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/06/2010 : 13:34:48
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quote:
Originally posted by BamaJoe
Unless something really extreme happens, I'll be buying at all of those prices.
When silver was around $4.35 and gold was around $260 people said I nuts moving about 75% of everything into it. As it moved up since then they kept telling me I was nuts buying more each and every month since then - sometimes a little, sometimes a lot depending on my cash on hand. As it keeps moving up I'll keep buying each month. I'm reasonably certain that I'll look back one of these days and be happy I still bought at the "cheap" price of $20, $22, $24, etc.
You did great, BJ... I was a year behind you starting in 2003. Loaded up the credit cards to buy, and since then the increase in worth has far exceeded the interest charges as the cards get paid down. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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argent_pur
Penny Sorter Member
78 Posts |
Posted - 07/06/2010 : 20:36:49
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quote:
Originally posted by beauanderos
quote:
Originally posted by BamaJoe
Unless something really extreme happens, I'll be buying at all of those prices.
When silver was around $4.35 and gold was around $260 people said I nuts moving about 75% of everything into it. As it moved up since then they kept telling me I was nuts buying more each and every month since then - sometimes a little, sometimes a lot depending on my cash on hand. As it keeps moving up I'll keep buying each month. I'm reasonably certain that I'll look back one of these days and be happy I still bought at the "cheap" price of $20, $22, $24, etc.
You did great, BJ... I was a year behind you starting in 2003. Loaded up the credit cards to buy, and since then the increase in worth has far exceeded the interest charges as the cards get paid down.
Good point about the credit cards...I posted a thread on that topic on a different forum, but I'll start a new one here. Thanks for the idea! |
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