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 Replies: 84 / Views: 8,528 |
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Valued Member
United States
329 Posts |
The ratio traders create alot of the volatility because they pair a much more liquid item against a much less liquid item.
Edited by wjl
04/13/2013 05:21 am
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Pillar of the Community
Japan
666 Posts |
I sold most of my silver for palladium as silver is primarily an industrial trade,>>>
you traded one asset because it is primarily industrial for another which is purely industrial?
explain logic please ...
there's no problem selling anything
adjust price and enjoy!
asking $50/oz when spot is $25 - is dumb and tend to make "a very difficult time selling silver,"
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Valued Member
United States
329 Posts |
I totally understand your position. I have a friend I've known for a long time who is the same way. But he doesn't have as much money to invest as I do. He also has no passive income to invest as his savings are predominntly in silver and he claims buying gold in small quantities is uneconomic, and I agree. I have dividend income that I've been using to purchase gold for over a decade. If I had to buy gold with my wages, I would probably own very little gold as well. However without the gold, I'd also feel much less comfortable holding equities.
Back test different portfolios of other investments along with a 10 % gold position, and you will be suprised.
Edited by wjl
04/13/2013 05:23 am
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Valued Member
United States
329 Posts |
you traded one asset because it is primarily industrial for another which is purely industrial?
explain logic please ...
Pl has been replacing Pt in auto exhaust aps. Iridium has replaced Pt in spark plugs. Palladium is often used as a proxy for Ir. There was a fundamental reason to own that particular industrial commodity. Not so with silver. Investment demand was driving silver, and that is totally dependant on momentum. Thats never a good thing.
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Valued Member
United States
329 Posts |
I really like the gold and silver Pandas and have been collecting them since the late 90s, however I need the elusive 1982 to complete my set. These are the nicest coins on the planet and they do well.
Edited by wjl
04/13/2013 06:21 am
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Valued Member
United States
329 Posts |
"Personally I think gold still has a big leg down to go but that is just conjecture"
I hope you are right. I prefer to count my gold in weight, not dollars the cheaper it is, the more you can get. 10 years ago I would buy 8-10 coins every quarter. Now I can only afford 3 or 4.
Silver I always have counted in dollars.
Edited by wjl
04/13/2013 06:22 am
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Pillar of the Community
 United Kingdom
616 Posts |
Where I am it seems virtually any store that would buy Gold also buys Silver. Of course form is important with ASEs being them most liquid. Other bullion coins can fetch a premium or just sell basically as rounds depending on demand. A few bars will command spot beyond that I think in general they pay 80 cents below. So at least at this point selling silver the couple times I have done it in the quantities I have has never been the slightest issue. I would guess if I really was unloading anything with a real premium I would need to go to a coin show or ebay. |
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Valued Member
United States
329 Posts |
In in April of 11 I had a hard time liquidating silver. I had quite a bit for sale and had to sell most for well under spot. Yes the ASEs did better than spot, but the premium was very low. Thats why I use the ETF now for Silver. Its so much easier to cash in price. Hey you live, you learn.
Edited by wjl
04/13/2013 07:39 am
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Pillar of the Community
United States
2168 Posts |
April 2011 was when silver was very high and so many were selling. Then the big drop. There were many cashing in then. While buyers, many more selling to profit
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Pillar of the Community
1283 Posts |
Wow, Wji you really turned this into your thread didn't you? The truth is the original poster asked a simple question. Is it a good time to buy high premium silver? I think so and have been doing so myself lately. Picking up another sheet of 2013 Pandas, Kook, FG SSBS Rounds, and some Koala, all for right at $30 per which I can live with. Wji, you have to remember this is primarily a silver collector and stacker forum so most of us don't care to hear your "I told you so" propaganda. And obviously paper silver is easier to liquidate then actual silver but you also need to realize when you own paper ETF's that is all you truly own is paper, "I'll take possession of my metal thank you" With all do respect everyone understands now, no need for another dozen posts.
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Pillar of the Community
United States
1200 Posts |
"With all do respect everyone understands now, no need for another dozen posts."
I definitely second that motion!
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Valued Member
United States
329 Posts |
"And obviously paper silver is easier to liquidate then actual silver but you also need to realize when you own paper ETF's that is all you truly own is paper"
and that is fine. As my goal is to make money which is also paper. With gold my goal is just to accumulate gold with no real plans to sell any substantial portion of it, IOW its a permanent allocation. I'll take the gold, but I'll take a receipt for the silver as the plan is to sell substantily all of it. For me gold is its own allocation, that is not subject to substitution. Whearas silver is just another commodity allocation which I usually view as shorter or intermediate term allocation under 2 years.
Edited by wjl
04/13/2013 11:05 am
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Pillar of the Community
United States
2168 Posts |
Well it may be the time to buy premium silver. The junk premiums are sky high and almost unavailable. At least with premium silver there is something other than intrinsic value. Junk at fifteen and higher premium really isn't worth it to me. Rarther buy something else
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Valued Member
United States
329 Posts |
"April 2011 was when silver was very high and so many were selling. Then the big drop. There were many cashing in then. While buyers, many more selling to profit"
why not sell to the paper guys then? Who according to many do nothing but sell yet offer the highest prices when everyone holding physical is supposedly selling.
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Pillar of the Community
Canada
834 Posts |
Over the last week, I have sold just over 150oz at and average of $53 an oz.
Doesn't look like it was hard for me to get rid of.
Just have to know what buyers want and for the most part there is a huge deman for poured bar, engelhard and JM bars
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Replies: 84 / Views: 8,528 |
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