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 Replies: 69 / Views: 6,321 |
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Pillar of the Community
United States
1454 Posts |
Quote:
I think if I WAS a bullion guy I wouldn't necessarily hold on to it indefinately but would sell when prices are 10 percent higher than what you paid for it. If one buys at $30 and sells at $33, for instance, would that amount even cover the seller fees? |
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Pillar of the Community
United States
1554 Posts |
How is this the best of two worlds for you? Personally I think the two are quite different hobbies. And do you take a profit when a profit can be taken or are you more interested in just ammasing a hoard with no direction known?
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Pillar of the Community
United States
1554 Posts |
Traevin, I'm not sure what you mean. If I had a hundred ounces of silver and sold for a $3 profit per ounce, that's $300 dollars cash for my next buy/sell cycle.
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Pillar of the Community
United States
1454 Posts |
1893S, Right. It would only work if one sells in higher increments. It's just too darn hard to make any money selling bullion in smaller lots because the fees ebay charges would destroy one's net gain. NCLTs might be the better bet, IMO. |
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Pillar of the Community
United States
1554 Posts |
OK, I guess I'm not talking about ebay. I just buy and sell in person. If I purchase 10 Morgan dollars for $25 apiece and I know I can get $30 apiece I sell ASAP, I don't hold on because there are more of them right around the corner. |
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Pillar of the Community
United States
808 Posts |
Congratulations on your newest acquisitions, barryg! Regardless of what the future holds, those Maples will make a very nice addition to the portfolio.
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Pillar of the Community
United States
1454 Posts |
So what do you do, buy on ebay or coin shows and sell to coin shops? Or do you advertise in the local paper? I'm just curious because I've always used ebay but gave up when the fees kept eating into my meager profits. |
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Pillar of the Community
Canada
4944 Posts |
Wow, That's an awesome buy BarryG! Be sure to post some pictures when they arrive.  |
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Pillar of the Community
United States
808 Posts |
Can't believe I'm suggesting this, but if you're going to regularly trade on silver's volatility, it might be worth it to just play the ETF. No trips to the LCS, no commission to ebay, no hassles with lost mail. Just a flat $8 to $15 fee to your broker to execute the buy or sell order and you're done. Sure, you're SOL if TSHTF. But while the markets are functioning, it's the effortless way to grow the fiat you use to grow your stack! Edited by coinwatch
04/25/2012 02:03 am
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Pillar of the Community
United States
5855 Posts |
Of course, now I wish I had waited a couple of days...
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Pillar of the Community
United States
1554 Posts |
Traevin,
Buy at Coin Shows and Craigslist, sell at Coin Shows and Craigslist.
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Pillar of the Community
 United States
810 Posts |
I dont bother selling on ebay anymore for its to much of a ripoff. Theres local sites you can sell your stuff with no fee at all. We have a site in the area here called pennswoods.com and that works the same as ebay but no fees. Theres numerous sites you can sell stuff from thats not ebay thats has less or no fees. Do your homework and I'm sure youll find a better site to sell other than ebay. |
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Pillar of the Community
United States
4008 Posts |
Quote:
And who has the appetite for stocks, anymore? Not that money can't be made in the S&B market, I just don't trust it after the the last crash, coupled with pyramid scams like Madoff's, credit default swap uncertainties like the one that brought down Lehman Bros., recent bankruptcies like MF Global, too much insider trading at the highest levels of government, EU banking worries, false recoveries, quantitative easing policies that artificially prop up markets, and on and on. I have to admit that it is a lot more difficult to get enthused about stock investing in light of recent events. Still, the mutual funds that I own are making 8-9% a year, which is not terrible in this market. They have a place in our portfolio, although certainly not the only one. Like most on here, I do like silver a lot but also gold. I have a small investment in the PPLT physical platinum ETF. No, it is not a SHTF scenario investment but at less than $10k it is not a life-changer if things go badly. The thing that bothers me most about the US and world economies is the derivatives market. It is HUGE and exceptionally dangerous, IMHO. It has the capacity to destroy any national economy and the world economy too. Who gave these bankers that kind of financial power? It is primarily unregulated and makes me feel as if it is the 800 lb. gorilla in the room that is being ignored by governments while they fret over the small stuff that cannot destroy financial systems around the globe. JPM all by itself, for example, is on the hook for about $80T (yes, TRILLION) dollars worth of this junk. If only a tiny fraction of this does not go their way, they are instantly bankrupt... and so is every other financial institution connected to them. It is a juggling act for sure and those little round things they are juggling are filled with nitro. |
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Pillar of the Community
United States
1454 Posts |
Totally agree about the derivatives market. It's an unregulated, big money, white collar gambler's paradise. Derivatives should have been addressed but were completely ignored when congress passed the banking overhaul regulation after the 2008 collapse. But the big players like JPM and Goldman Sachs made sure their personal playgrounds remained unsupervised. The D-market is actually a major threat to our national security, if one studies the implications of the part derivatives play in the banking industry. A far great threat than a nuclear war, terrorism or any of the other myriad "War of Things" that most of us obsess over, IMO. When the derivatives bubble finally bursts, it is the most likely event that will end in a sustained world depression and all the bad things that arise from the high rate of joblessness that occupancies deflationary environments. That's the primary reason why I'd have my stops firmly in place when the stock market finally takes the hit. One can always get back in the game once the correction is complete.
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Rest in Peace
United States
9104 Posts |
Why buy stocks when the gubmint has shown you have no control over its value? You bought GM, too bad, we're saying you lost everything. Stock A fails, but stock B gets bailed out.
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Replies: 69 / Views: 6,321 |
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Posted 04/25/2012 12:00 am
