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 Replies: 2,877 / Views: 94,721 |
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Pillar of the Community
United States
1145 Posts |
It's smackdown Friday, profit taking at end of trading day. But considering how much yesterdays sell-off already wiped out, how much profit is realistically left?  |
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Pillar of the Community
United States
1145 Posts |
Quote:
Indeed. And, as I've said before, I'm not actually looking to get out any time soon, since my gold and silver holdings are really just to supplement my retirement if I end up needing it Same... I didn't intend to and I still don't intend to sell my physical, except for any urgent need. It's my future store of wealth, part of my portfolio, hedge against inflation and the dollar. And most importantly it is really cool to hold and look at  |
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Pillar of the Community
 United States
5889 Posts |
Quote:And most importantly it is really cool to hold and look at Yes, indeed! Although, despite what you may have gathered from old Disney cartoons featuring Scrooge McDuck, not so fun to dive into a pile of it. Trust me, I learned this the hard way... |
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Moderator
 United States
190950 Posts |
Evertime I look I see 76 point something. The Spirit of '76!  |
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Moderator
United States
190950 Posts |
Okay, finally something different. $77.03!  |
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Pillar of the Community
United States
1145 Posts |
Quote:
Yes, indeed! Although, despite what you may have gathered from old Disney cartoons featuring Scrooge McDuck, not so fun to dive into a pile of it.
Trust me, I learned this the hard way...  |
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Pillar of the Community
United States
1145 Posts |
made it to a Nice peaceful close today. 70s still on the playlist  Volatility was dropping all day and all the way through the close.. Lowest levels since Monday... Silver was well behaved.. Yesterday volatility was at max levels.. And we saw what happened. Let's see what Next week has up it's sleeves.  |
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Pillar of the Community
United States
5889 Posts |
Are we at the close yet? Looks like there's still some trading going on as silver has slipped a bit back down from $78 to $77.
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Moderator
United States
190950 Posts |
$77.65 on Kitco. |
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Pillar of the Community
United States
5889 Posts |
Yep, looks like the markets are now closed. Would have liked to see silver hit $80 (and gold hit $5000) to end the week, but at least the downward slide from earlier seems to have halted for now, and that's a good thing.
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Pillar of the Community
United States
1145 Posts |
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Are we at the close yet? Looks like there's still some trading going on as silver has slipped a bit back down from $78 to $77. I meant normal wall street hours. There's a few hours of trading left on Friday in the Extended hours trading, but I swear if they try another rug pull at 6pm we're gonna call a "foul" and throw it out. |
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Pillar of the Community
United States
2528 Posts |
i was just breezing through you tube when I spotted an Asian Guy video proclaiming comex would collapse today. it was posted 1 day ago. I wonder how many viewers thought that was real.
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Valued Member
United States
455 Posts |
Like many of the commenters here, I'm in no rush to sell any metals right now. If we see new highs maybe I would unload some silver rounds just to lower my average cost a bit, but I have no immediate need to. That said, it would probably be smart to at least have an exit strategy just in case.
So here's a question for anyone who cares to respond I would appreciate reading your comments. How would I go about choosing a dealer? A quick google search of "gold and silver dealers near me" gave me a fair number of dealers within driving distance. Do most of these dealers give quotes over the phone? Do they even answer their phones? Is walking in better?
Further context: I haven't bought anything in 15 years, haven't sold anything ever. Thanks in advance guys.
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Pillar of the Community
United States
1145 Posts |
Quote:
Yep, looks like the markets are now closed. Would have liked to see silver hit $80 (and gold hit $5000) to end the week, but at least the downward slide from earlier seems to have halted for now, and that's a good thing. Thankfully today was more of a back to even recovery, after yesterdays traumatic beat down. The rug pulls are creating a lot of fear in the market and definitely bringing out the bears. Hopefully it calms down and gets back to a steady grind. But all it takes is one headline news event to get the roller coaster going again. |
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Pillar of the Community
United States
5889 Posts |
@TSmith3510: I can't speak from personal experience, since I haven't actually tried to liquidate any significant amount of silver apart from some bags of junk silver coins that I essentially traded for a nice high-grade 1921 Peace dollar at a coin show over the summer. Having said that, though, if and when the time comes when I do decide to start selling in bulk, APMEX has a nice directory of dealers listed by state that I will probably use as a guide to find a recommended dealer near me: Local Coin Shop DirectoryI'm sure it will depend on where you live, but in my state there is at least one reputable company listed there that specifically deals with bullion (bars and rounds) that claims to pay close to spot value. Of course, I could also sell directly to APMEX, but I would be responsible for paying all shipping and insurance costs and I would rather be able to bring stuff to somebody in person at no extra cost. [And, no -- I don't work for APMEX. I've just bought a lot of stuff from them over the years and trust them to be honest and reliable.] |
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Replies: 2,877 / Views: 94,721 |
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Posted 02/06/2026 3:11 pm
