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misteroman
Administrator
USA
2565 Posts |
 Posted - 04/23/2008 : 22:05:49
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What's going on with silver lately?Already down almost a buck this week.
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Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 04/23/2008 : 22:16:13
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| Maybe it will drop back down to the 11 to 12 range and we can all load up on some junk silver. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 04/23/2008 : 22:23:14
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I'm not selling so let her drop. Same with the price of my house and land. Let the value drop 99% It's that much less to pay taxes on.
Both scenarios also provide buying opportunities. |
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eharrison
Penny Pincher Member
USA
234 Posts |
Posted - 04/23/2008 : 23:14:12
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if silver were at 11 or 12 by the end of the year or summer, I wonder what would happen?
I know I would want to freak out and sell my car for silver  but I would hold back but still buy allot.
As for the current drop I think it is still correcting from the run up to $20.
I have heard this could last until the end of summer.
I think the price will hover between 17-18 until the 3 quarter numbers come out and people see that this inflationary recession is most likely just getting started, then prices should start to go back up. IMHO |
Freedom is popular
That's why I voted
Ron Paul! |
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/23/2008 : 23:24:24
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| ^^^ What kind of car.A nice 79 T/A by any chance?!!I probably have about 3-4K in silver right now and every time it goes down $.50......lets just say I twinge |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 04/24/2008 : 06:24:50
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quote:
Originally posted by texcattlerancher
Maybe it will drop back down to the 11 to 12 range and we can all load up on some junk silver.
But how much junk silver would people be willing to sell if it drops to $11 or $12? Probably not much. Especially with the economy in the shape it's in at the moment, and the fact that we've seen silver above $20 for a brief period, I can't imagine anyone except PM and coin dealers trying to sell any inventory they might have stashed away, but I don't see your average seller letting go at that price. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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lilyrdape
Penny Pincher Member
USA
152 Posts |
Posted - 04/24/2008 : 07:38:51
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| at 11 to 12ounce silver you wouldnt see me id be working 24/7 stocking up on that |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/24/2008 : 08:01:40
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| I'm not worried about it. I think I read on the goldismoney threads that silver typically seems to take a small dip around this time of the year but then another huge upswing is a strong possibility. So the question to me is at what point do I jump in and buy more again (I have no intentions of selling unless I absolutely have to). |
My hobby: collecting real money 1 copper cent or nickel at a time.
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n/a
deleted
139 Posts |
Posted - 04/24/2008 : 09:03:40
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i hope silver drops to $5 the day i get my "economic stimulus check".
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 04/24/2008 : 09:07:14
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quote:
Originally posted by scott71578
i hope silver drops to $5 the day i get my "economic stimulus check".
Amen to that. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/24/2008 : 09:39:50
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damn another .30 in less then 3 hrs.Now it's harassing me.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/24/2008 : 10:40:04
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| "Sell in May and go away." Spring just came a little early this year. |
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. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/24/2008 : 11:07:16
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Sorry.. it's all my fault. I bought a little silver at coin club on Tuesday night. This always happens whenever I buy.  |
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. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 04/24/2008 : 12:51:17
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quote:
Originally posted by HoardCopperByTheTon
Sorry.. it's all my fault. I bought a little silver at coin club on Tuesday night. This always happens whenever I buy.
I'm not letting you take all the blame.
I loaded up on silver at $20, so of course it's going to crash.
How else could my wife look smug and tell me "I told you so!"
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Sorting In Northwest Mississippi |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/24/2008 : 13:22:31
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I actually sold off a little at $20.. anticipating a correction.. should have sold more.
As long as copper stays above $1.50 we should be OK. |
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. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/24/2008 : 16:00:28
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| It's days like this when hoarding pennies and nickels seems like a great idea. |
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. |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 04/24/2008 : 21:55:20
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quote:
Originally posted by WilliamC
quote:
Originally posted by HoardCopperByTheTon
Sorry.. it's all my fault. I bought a little silver at coin club on Tuesday night. This always happens whenever I buy.
I'm not letting you take all the blame.
I loaded up on silver at $20, so of course it's going to crash.
How else could my wife look smug and tell me "I told you so!"
Keep the faith brother! It's just a matter of time (weeks, months?) it'll turn around.
And don't feel TOO BAD about buying at 20. Some horses arse that I know.....(won't say who, so as not to embarass myself) paid nearly two bucks an ounce to get his AG out of bondage from Kitco |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/25/2008 : 01:08:37
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Keeping the faith and the fingers crossed.Everyone says it will hit $25 this year,so I'll be selling at $24 I hope.
D |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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WilliamC
Penny Collector Member
USA
471 Posts |
Posted - 04/25/2008 : 10:12:45
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I suppose if it hits $30 I might sell a 4th or a 3rd of my silver and hope it drops back down, but I'm more into just holding for the long term than speculating.
I consider it to be more of an insurance policy than an investment though.
In case things ever get real bad I hope to be able to barter with it, and the copper. |
Sorting In Northwest Mississippi |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 04/25/2008 : 12:12:04
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My thoughts:
1. Silver will NEVER go to $0 (industrial demand, jewelry, and smart people), so...
2. The floor, even in a case of global depression would be $4-5 because...
3. I'd sell everything I own to buy silver at $4-5, and...
4. Every government, financial institution and silver consumer would hoard at those levels, but
5. The US WILL pull out of this recession within 3 years causing...
6. A renewed faith in the dollar,
7. A return of the Bubble Economy,
8. Global growth on a scale never before imagined (built on false credit), and thus
9. An ever increasing demand for silver to the $34 level (there is some truth to the hype)!
10. WTSHTF?
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JSutter
Penny Pincher Member
214 Posts |
Posted - 04/25/2008 : 18:16:40
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If silver goes to $3.40 at least my 40% halves will still be worth face value. And I'll be buying a lot more of em.  |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/25/2008 : 23:27:52
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Silver has a two year cycle, up in winter of an even numbered year, drop in spring, and the rest of the time bouncing from the new high to the old high. You aren't going to make any money in silver this year, or next.
The stock market appears to be gaining and some people are predicting feeble but real gains into summer, maybe even fall. Gains in the stock market mean the gold/silver ratio will go lower. If you want to bet on that you would buy silver now and swap for gold when you think the ratio has bottomed. But since the ratio has gone below 40 just three times in the last 120 years, I think that is wishing and hoping. It might happen, but I am buying gold and watching for the ratio to go up towards 100, which it does every now and then. So I buy gold now at 50:1 and swap at 100:1. If the ratio goes down I can swap what silver I have for gold and follow the same plan. That is to say I think the ratio will go up even if it goes down first.
If you buy silver at spot intending to sell at spot you have two years of waiting ahead of you and then maybe a 100% profit. And maybe not that much. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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lilyrdape
Penny Pincher Member
USA
152 Posts |
Posted - 04/27/2008 : 01:46:48
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saul mine so your buying gold at the moment?
mostly ive been into silver since when i was little mostly because i could never get any gold with what little money i had then...do you think id have better luck getting ozs of gold and holding that waiting to switch over back into more silver? |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/27/2008 : 09:00:19
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quote:
Originally posted by lilyrdape
saul mine so your buying gold at the moment?
mostly ive been into silver since when i was little mostly because i could never get any gold with what little money i had then...do you think id have better luck getting ozs of gold and holding that waiting to switch over back into more silver?
I am not buying gold, I am holding what I already have. If you have silver, now is an excellent time to swap it for gold. You will get one oz gold for about 53 oz silver and when the ratio goes up you can swap back for a nice profit. You just have to get used to counting your profit in ounces, not dollars.
I am buying pennies now. I get an immediate 100% profit with a good chance of the price going up some more if I hold for a while. I expect copper to do about as well as gold or silver in the coming years. And of course I will buy gold or silver whenever they look favorable. But now is not the best time to buy silver. Good, but gold or copper is better. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 04/27/2008 : 10:56:37
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quote:
Originally posted by Saul Mine
Silver has a two year cycle, up in winter of an even numbered year, drop in spring, and the rest of the time bouncing from the new high to the old high. You aren't going to make any money in silver this year, or next.
The stock market appears to be gaining and some people are predicting feeble but real gains into summer, maybe even fall. Gains in the stock market mean the gold/silver ratio will go lower. If you want to bet on that you would buy silver now and swap for gold when you think the ratio has bottomed. But since the ratio has gone below 40 just three times in the last 120 years, I think that is wishing and hoping. It might happen, but I am buying gold and watching for the ratio to go up towards 100, which it does every now and then. So I buy gold now at 50:1 and swap at 100:1. If the ratio goes down I can swap what silver I have for gold and follow the same plan. That is to say I think the ratio will go up even if it goes down first.
If you buy silver at spot intending to sell at spot you have two years of waiting ahead of you and then maybe a 100% profit. And maybe not that much.
There is one other reason gold and silver are taking a hit-
public perception.
The financial talking heads are saying the US Dollar is getting stronger, so investors are moving into the dollar and away from commodities (PMs included).
If anyone bothered to look at the strength of the dollar and see it is in the 71-73 range, they would see that it is well below the 80 mark and has been for 7 months now.
(Anyone remeber how the dollar bulls stated that the dollar could never fall below 80, that 80 was the line in the sand ad to fall below that mark was impossible?)
I will keep buying silver (and when I can afford it, gold) knowing full well that in order to save the dollar and end the commodities boom, the FED will have to pull a Volker (spike interest rates) something the current FED is unwilling to do. |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 04/28/2008 : 21:37:24
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| Saul Mine, do you actually go to a dealer and swap one PM for the other? |
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grrrrr Silver down almost a buck already this week
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