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 Replies: 32 / Views: 3,496 |
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Pillar of the Community
United States
648 Posts |
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Pillar of the Community
Canada
3692 Posts |
If you're looking at it in terms of $150-200 in the long-term, then $40 is peanuts. Short-term, though, there's still lots of room for profit, just be ready if it dips to the low twenties again. Be an adult about it. For me, I'm probably going to sell my junk at $40 so I can buy pieces made by good engravers and overall aesthetically good-looking pieces. Remember that silver may dip in December: people need money for gifts so they might take profits or it might be on credit, but overall they're not giving silver as gifts so the price does usually go down during this time. With the CAD exchange rate, the dealers around me always go with the higher price. Either they calculate it in when they're buying or they ignore it and use the US price when selling. I find that very irritating.
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Valued Member
United States
344 Posts |
I'm starting to slow down on my junk silver buys and adding coins with more numismatic value. I am hoping for the price to go down towards the winter. But with the elections coming up who knows what the future holds.
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Valued Member
United States
376 Posts |
Since the quick spike, it made me think about possibly buying 10gram, 1/2 oz, and 20gram bars, just to have small denoms without having to buy more 90%.....
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Pillar of the Community
United States
4897 Posts |
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it made me think about possibly buying 10gram, 1/2 oz, and 20gram bars Too much premium stick with .900....imo |
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Valued Member
United States
376 Posts |
yes amida, I was just thinking about that..... definitely wouldn't be able to stack 1/2 oz bars as I could be buying way more for the price in the long run.
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Pillar of the Community
United States
3670 Posts |
I always say stack, but always weary when pushing mid 30's....
Reason being, silver volatility kicks in here perhaps (no gurantees) in a month or so and pulls back in to high 20's and some may kick themselves for paying full retail peak prices later....
But then again always personal situation. If all planning long term four or five bucks per oz. either way is gonna be long forgotten say five or ten years down the pike and as meaningless as dust in the wind....
But to truly maximise ones profit potential, buy only in high twenties now, as I am not sure but I bet EdB is not buying right now much. He always seems more patient and strikes at the right dips....
Edited by Silverhawk74
09/12/2012 12:44 am
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Valued Member
United States
103 Posts |
I have been buying, went the local shop yesterday and walked out $600 lighter, and about 18oz heavier.
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Bedrock of the Community
13014 Posts |
Agreed with Silver. The mid 30s prices dont seem to last very long. At least the 20s prices have actually be supported for quite some time now where it always seems itll touch low to mid 30s stick for a few weeks and be back down again
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Valued Member
United States
410 Posts |
I'm finally selling the $14 Face of Silver Washington quarters I bought last year and then regretted. |
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Pillar of the Community
United States
5855 Posts |
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But to truly maximise ones profit potential, buy only in high twenties now I'm not convinced that we will see prices in the $20s again anytime soon (perhaps not until the end of the year, if them). On the bright side, my wife has instructed authorized me to go ahead and make a significant purchase of PMs (we're talking in the 50K range) if and when it does dip back down, so here's hoping! I doubt I'd buy all silver due to the sheer weight, but definitely a monster box of something and a couple more 100 ounce bars, with the rest taken up by gold. |
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Valued Member
United States
103 Posts |
What a wife!
You sir, my hat tips to...
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Bedrock of the Community
13014 Posts |
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soon (perhaps not until the end of the year, if them). On the bright side, my wife has instructed authorized me to go ahead and make a significant purchase of PMs (we're talking in the 50K range) if and when it does dip back down, Does she have a sister that would be interested in a mid to late 20s male  |
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Pillar of the Community
United States
4008 Posts |
Quote:Does she have a sister that would be interested in a mid to late 20s male What? You wanna be adopted?  As to buying... I've got the horns just about fully pulled in. Haven't bought any silver since late July. Am waiting for some of the market turbulence to settle a bit before deciding what to do. Have a cash hoard ready and waiting for a nice pull-back if one comes along. If not, well, my hoard is reasonably healthy at the moment, so no problem.  |
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Pillar of the Community
United States
3670 Posts |
See I called that eh, lol waiting for a dip patiently, lol....
Barry, you could be right my friend an we may never see high 20's again, and man for now I hope you are wrong cause if not it bout kicks me out of the silver game FOREVER, lol....
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Replies: 32 / Views: 3,496 |
First Page
Posted 09/11/2012 8:36 pm
