| Author |
 Replies: 84 / Views: 8,527 |
|
|
|
Valued Member
United States
329 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"
I would agree. But I'm sure you have a lot of peple buying and not enough inventory immediately. Its usually not difficult to sell in a down market.
|
|
Valued Member
United States
200 Posts |
I too don't see too many people selling silver. I was hoping to buy some as the prices look very good to me but there is not much to choose from.
|
|
Pillar of the Community
 United Kingdom
616 Posts |
Okay I am begging for this thread to get back on topic. I come to the forum get excited to see all the responses then I wade through lots of unrelated and repetitives posts. PLEASE start yout own thread if that is what you want to talk about but stop ruining mine.
|
|
Pillar of the Community
United States
1200 Posts |
A couple of us tried without luck to communicate that thought about 6 hours ago. Maybe this time (?) the message will sink in...
|
|
Bedrock of the Community
United States
10982 Posts |
Hard to predict a bottom and catch a falling knife but I'd wait and see what happens over the next few weeks.
In 2008, silver fell from $21 to $9. I believe we'll see $21 again this year and have a major buying opportunity in $21-$22 range.
|
|
Moderator
 United States
23522 Posts |
Quote:
Okay I am begging for this thread to get back on topic. I come to the forum get excited to see all the responses then I wade through lots of unrelated and repetitives posts. PLEASE start yout own thread if that is what you want to talk about but stop ruining mine. Quote:
A couple of us tried without luck to communicate that thought about 6 hours ago. Maybe this time (?) the message will sink in... Quote:
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 $30 per which I can live with. Wji, you have to remember this is primarily a silver collector and stacker forum so most of us don't care to hear your "I told you so" propaganda. And obviously paper silver is easier to liquidate then actual silver but you also need to realize when you own paper ETF's that is all you truly own is paper, "I'll take possession of my metal thank you" With all do respect everyone understands now, no need for another dozen posts.
I can't think of a thing not to agree with here. Consider this a suggestion that dragging threads into the weeds is not a way to win friends and make money at CCF. |
|
Bedrock of the Community
13014 Posts |
Quote:
And obviously paper silver is easier to liquidate then actual silver but you also need to realize when you own paper ETF's that is all you truly own is paper, "I'll take possession of my metal thank you" With all do respect everyone understands now, no need for another dozen posts. ETFs are to make money nothing else. If your only investing in silver thats the way to go. Theres plenty of other reasons to buy actual silver making money flipping isn't one of them which is where the ETFs fill the hole |
|
Valued Member
United States
329 Posts |
would you take delivery of your copper? How about corn?
|
|
Pillar of the Community
Canada
834 Posts |
@basebal21 if you know what you're doing there is huge profits to be made flipping physical silver
Trust me I do it as a hobby and never do I get under 40$ a oz at these current prices.
|
|
Pillar of the Community
Japan
666 Posts |
so far I haven't noticed low prices fol high premium coins
looking after early pandas and chinese unicorns ... price is where it was when silver was higher ...numis are holdig the beat pretty good.
I'm going to add some mongolian and chinese numis if the price is right ... very good downside protection.
|
|
Bedrock of the Community
13014 Posts |
Quote:
@basebal21 if you know what you're doing there is huge profits to be made flipping physical silver
Trust me I do it as a hobby and never do I get under 40$ a oz at these current prices. Where are you getting premiums like that for it and where do I sign up to sell there? lol Theres exceptions to every rule but I still stand by that most people will get eaten alive between the buying premium and then selling fees/hit without a large upward movement |
|
Valued Member
United States
329 Posts |
"Theres exceptions to every rule but I still stand by that most people will get eaten alive between the buying premium and then selling fees/hit without a large upward movement"
Indeed. And the ratio trade where you pair silver and gold is what causes the voltility and hence the high premium. The reason there is gold and silver available is because participants hedged their inventory. People who do not hedge are taking incredible risk and thus must withdraw their offers. Therefore so long as there is a physical market there will always be a paper market. The paper market will only fail if the physical market fails. I used to trade commodities, but gave it up years ago when the cost of money went to zero and it became far more lucrative to trade debt and accumulate gold with the profits. Thats what smart money is doing. Dumb money gets bullish after a big run up and gets bearish when gold has a big drop. Smart money just keeps buying and peddling more debt.
I've traded my whole life. I can't tell you where gold or silver is going. I don't know what large institutions, sovereign funds, and CB proxies will do with their money Monday morning. But instead of listenning to idiots who blame paper markets for their bad calls, but then fail to give paper markets credit when they push prices up, develop a rational systematic approach to accumulating the metal of your choice. When I used to own a large amount of silver I would employ a straddle whenever silver would trade with low volitility between two contracts. While you don't get rich doing that it provides you with the liquidity you need at extremes.
Back when I worked in MBS I would buy as many as 10 coins every quarter regardless of price because I was well aware of the damage being done. It went on much longer than I thought it would which only made me more bullish on gold. Whats going on now is 5 times worse and will end badly.
Edited by wjl
04/14/2013 05:40 am
|
|
Pillar of the Community
United Kingdom
616 Posts |
"Back when I worked in MBS I would buy as many as 10 coins every quarter regardless of price"
Okay now I am confused you think buying 10 coins has a meaningful up or downside? I now wish I could just delete this thread it has become useless to me and I think virtually anyone who reads it.
Edited by starbuxinvestor
04/14/2013 08:00 am
|
|
Valued Member
United States
329 Posts |
"Okay now I am confused you think buying 10 coins has a meaningful up or downside"
none at all. Its just that it now costs $15-16k to make that same purchase. Hence I demand less gold each quarter the last few years as the price has risen. These days I only buy 3 or 4 at a time. I have a goal to accumulate gold constantly with about 10% of my income. Some people give 10% to the church. I am an atheist and prefer to give 10% to gold.
|
|
Pillar of the Community
United Kingdom
616 Posts |
Oh so you are talking about gold in a thread about Premium Silver. Well that's really helpful thank you now I know what to do about silver purchases.
con·trib·u·tor
/ke™nˈtribye™te™r/
Noun
1.A person or thing that contributes something, in particular.
|
| |
Replies: 84 / Views: 8,527 |
First Page
Previous Page
Posted 04/13/2013 12:37 pm
