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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
 Posted - 05/02/2009 : 12:33:07
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Anyone have experience with Kitco's pooled accounts?
Of course I understand the arguments against non-physical holdings, but has anyone used this type of a system to trade on the swings?
Just looking for alternative opportunities...
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www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 05/02/2009 : 23:51:13
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I have no experience Nickel but some of these guys do:
You must be logged in to see this link. |
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myfundsarelow
Penny Collector Member
USA
388 Posts |
Posted - 05/03/2009 : 18:44:51
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| hello Hickelmeister i have had an account with kitco for a few years now i had no problem buying & selling they buy & sell on line in this type of account you have to open an account to deal with on line store i trust them, PS. best time to place an order is when the price of silver is low they only charge about ,20 cents over spot, but any time is ok if you feel silver is on the move up PEACE!! |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 05/03/2009 : 20:08:24
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quote:
Originally posted by Nickelmeister
Anyone have experience with Kitco's pooled accounts?
Of course I understand the arguments against non-physical holdings, but has anyone used this type of a system to trade on the swings?
Just looking for alternative opportunities...
If you have an online discount brokerage account (Ameritrade, E-trade, Scottrade, etc) you can buy and sell silver ETF's. The 1 for 1 ETF is SLV, and the 1 for 2 is AGQ. SLV has more volume, but AGQ has twice the percentage movement. Both have an option chain if you are experienced with it.
The costs associated with this method is commission in and out (you can negotiate to $7 per trade), and 30% tax on any gains that you make. You also have to beware of wash sale rules that my negate any losses if you trade the same ticker within 30 days of taking a loss.
You can make good money with these, but it is not for everyone. You've got to have a good strategy to day trade. |
goto the new and improved realcent: http://realcent.org |
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Kitco Pooled Accounts
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