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Buying Silver For 10.4 X Good Deal?

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nod2003's Avatar
United States
3294 Posts
 Posted 03/22/2010  09:05 am  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
If people are seriously selling silver at 10x, I would love to buy $30 face from them. Me, I can find anything at less then 12x.
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scmoore61's Avatar
United States
487 Posts
 Posted 03/22/2010  12:04 pm  Show Profile   Bookmark this reply Add scmoore61 to your friends list Get a Link to this Reply
I pay 11 X face and don't find much so if you can get it at 10X buy it and send it to me for an instant 10% return on investment.
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afcop13's Avatar
United States
1409 Posts
 Posted 03/22/2010  3:39 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
I have sold consistenly at 12-13.5x face on ebay over the past 60 days. A little over $1000 in sales in 2010.

95% of what I sold came from roll/bag searching, so it was pretty much all profit.

I'd buy at 10x if I found it there though. I think its a great price for you.

Eaglefoot - in reference to the thieves taking my chicken and my silver - that is why I fully support and abide by the 2nd Amendment. I'm not a fanatic, with 40 guns stashed all over the house, but can and will protect my family and my property.
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eaglefoot's Avatar
United States
6326 Posts
 Posted 03/22/2010  4:22 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply

Quote:
Eaglefoot - in reference to the thieves taking my chicken and my silver - that is why I fully support and abide by the 2nd Amendment. I'm not a fanatic, with 40 guns stashed all over the house, but can and will protect my family and my property.


I wholeheartedly agree with you about that....ME TOO ! .......but what do we do when we've run out of ammunition ! ....? ...
And/Or the "thieves" are better armed and more numerous than WE ARE ! ...
Each bullet would be very precious......and eventually gone.....and it might take 150 chickens and 5 cows to buy EIGHT BULLETS ! ....

Just food for thought......no pun intended ! .... ....



Let's just hope we never see days as dark as those though ! ....
Edited by eaglefoot
03/22/2010 4:24 pm
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afcop13's Avatar
United States
1409 Posts
 Posted 03/22/2010  7:43 pm  Show Profile   Bookmark this reply Add afcop13 to your friends list Get a Link to this Reply
LOL - no kidding! Good reminder to vote this November.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 06/04/2012  1:52 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
So I just thought it would be interesting to see some of the old posts regarding silver prices and junk silver. Wouldn't we all love to be able to buy silver at 10 x face value :D
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throwbackid's Avatar
1283 Posts
 Posted 06/04/2012  1:58 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
I would be nice to buy at 10X's. I got some junk last week from a guy at 15X's and I thought that was cool, even if it was only $10 face.

I just can't believe it wasn't a year ago I had people around here buying at 30X's
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coinwatch's Avatar
United States
808 Posts
 Posted 06/04/2012  3:02 pm  Show Profile   Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Heh! Hard to imagine buying at 10x these days. We'll see some good price breaks in the future, but I don't think I'm going to wait around for 10x or even prices in the low teens.
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Ed_B's Avatar
United States
4008 Posts
 Posted 06/04/2012  6:17 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
We'll see some good price breaks in the future, but I don't think I'm going to wait around for 10x or even prices in the low teens.

No, me neither. But as a person who likes to dollar cost average into PMs, I WILL be buying regularly and will be getting some at the lower prices from time to time. Never fret over whether you are buying at a temporary market bottom. Doing that can lead to a buyers' paralysis and a very small PM stash. In the long run, ounces are likely to be a lot more important than the fiat price we paid.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 06/04/2012  9:26 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
YUP. its all a long term game. especially in this day and age. we use our resources so much faster that the generations before us and the prices of things change so fast.
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United States
3184 Posts
 Posted 06/05/2012  04:27 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
would be awesome to buy at 10x again!!
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nod2003's Avatar
United States
3294 Posts
 Posted 06/05/2012  5:15 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
it will get back there at some point I suspect.
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Ed_B's Avatar
United States
4008 Posts
 Posted 06/05/2012  11:43 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
I'd like that too, Nod, but am struggling to find ANY action by our fearless leaders that will strengthen the US dollar enough to make this even remotely possible.
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