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 Replies: 19 / Views: 2,319 |
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Valued Member
175 Posts |
I like purchasing 90% silver coins and I noticed today on ebay that people are going crazy for pre 65 quarters paying between $9-$13 when silver price last I looked was at $7.56. If people are willing to pay this much over spot right now would it be a good time to sell some of my 90% silver coins? |
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Valued Member
United States
458 Posts |
I wonder the same thing, since most of my silver is in 90%.
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Valued Member
 175 Posts |
You can't purchase a pre 65 quarter for under $9 bucks right now on ebay. |
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Pillar of the Community
United States
3670 Posts |
I think silver is due for a good day, like 3 or 4 buck increase, so perhaps I would wait an see what happens the rest of the week....
I have no real logic behind that theory, other than it has been back in early May since we last saw some of those days. And if gold keeps climbin, eventually one would think 50 an oz. silver is near again. Plus, with the realization of the endless debt now and many with no chance to afford getting into gold now, well they may find silver as the next best option....
Since I said that, it will probably fall back to 25 an oz. tomorrow, which then instead of selling, we can start buying again lol....
Edited by Silverhawk74
08/03/2011 11:28 pm
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Valued Member
United States
458 Posts |
If it hits 50 dollars an ounce I may have to consider selling some lol then hoping for it to fall so I can buy and repeat :D
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Pillar of the Community
United States
3670 Posts |
That may not be a bad idea, esp with the volatility of silver....
I know I would have not expected a fall back to 33, and fully expected this quick recovery to happen, UNLIKE from like 1981 until early this year, lol....
That volatility is still drilled in the mainstream public head's, and I figure the big players with the big paper silver, can still manipulate it back down, as much as this guy hates it when ever they want. I am obvious the glass is half full, when it comes to silver in the long run, but who knows more pull backs an profit taking could be just around the corner, only time will tell as they say....
To many fundamental factors seems to be in its corner now, with industry and the world economic situation....
Edited by Silverhawk74
08/03/2011 11:39 pm
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Valued Member
United States
458 Posts |
Kinda like gambling I say. :P
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Pillar of the Community
United States
3670 Posts |
The thing about playin ball for example, you gotta pay juice....
Lets say I bet on 8 games at 100 each, and I split out 4-4. Well I didn't loose anything right? Wrong, you lost probably about 40 bucks, via risk 100 loose 105, the house always wins in the long run....
Then, most of these fools try and beat a two headed monster, via betting 100 on one game and 500 on another. Now the mathematical odds that you face is much greater, as you will win the game for 100 and loose the other for 500 more often then not....
I have never gambled on anything in my life (except gold an silver), and the paragraphs above may lead you to think otherwise. I just grew up around some people who have always tried to beat the odds so to speak. And I learned early, the house always wins. As long as the house can cover the times it does loose....
I think all these factors above, makes investing in Pm's a much safer option and totally different category than betting on football, basketball, baseball, hockey, or going to Vegas for example....
Edited by Silverhawk74
08/03/2011 11:58 pm
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Valued Member
United States
458 Posts |
Oh yes. PM's are much better than those other options. You dont flat out lose until you sell!
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Valued Member
175 Posts |
I would love for silver to drop down to $25 oz because I'm looking into buying more right now and not so much selling. As for gambling I love poker but poker to me is like PMs, You gotta know when to hold em and know when to fold em.
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Pillar of the Community
United States
1590 Posts |
The Commodities Market was never meant to be the price leader of any given commodity. Instead it was designed as a hedge, or insurance, against market volitility; for the producer. In other words it was designed to keep producers from losing their shirts if the bottom should drop out. At that time price was set by supply and demand. This is no longer the case. Around 2001 Congress passed an act allowing Speculators into the Commodities market. Why? Because some very smart people figured out they can make a lot of market with a few simple rules changes. So they paid Congress to change the rules.
So how do most people make profits in the commodities market? Most speculators are "longs". In other words they make money by buying at one price for future delivery and then selling when that price goes up. If the price goes down they can lose money. If the price remains the same they still don't make any money. Secondly when it does go up, the new price tier/level/support becomes ground zero, and the longs then need to push the price up even more so as to make their profits from that price point. At each point it takes more and more cash to "buy in". Sound familiar? At some point longs literally don't have the cash to go any further. And the system collapses.
That's a cliff note explanation of a complex process. So; to the OP question? I think we will see $50 silver, or close to it. Why? Because of the massive amount of new players who have jumped on the Long bandwagon this week. They NEED to push it up there to make a profit. Not would like to, but need to. However; there are some even more smarter and powerful people that have a history of making billions "shorting" markets. In other words betting on the market losing money. And sometimes they lead the false charge of the bulls up the hill...and over a cliff. Just my opinion, which with .50 cents will get you half a cup of coffee, I would sell around $47.
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New Member
United States
2 Posts |
So all quarters pre 1965 are 90% silver?
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Pillar of the Community
United States
564 Posts |
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Valued Member
United States
397 Posts |
I'm not shorting just yet ;)
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Pillar of the Community
United States
667 Posts |
Should you sell? Only you know that answer. We are in the speculation business with owning gold and silver. There is no guarantee no matter what report or facts you read to lead you to where the price will or will not go. Things can change on a very short notice.
Thus are you happy with the return on the money you put out? Are you a risk taker hoping for a larger gain? Do you think it would be better to hold in case the economy goes real bad?
What looks high now can look real low in the future. On the other hand we may have reached near the peak and things could be real low in a short amount of time.
Everyone has a different level of risk taking for as many people that will tell you to sell there will be just as many people to tell you to hold.
I have a two prong approach. First while all the money I have in gold and silver is important none of it has a major impact on my stability if I loose some of it. None of it is needed to make sure we do not go into debt if a worse case scenario happens. Personally I could not risk money that would be needed to meet the basic bills etc.
I have a set amount that I will sell at a given point that will make a nice return. I have another set amount I am willing to risk for even larger gains.
Those set numbers are personal and honestly are not based on anything other than my tolerance for greed and risk.
So should you sell? If you had to ask maybe you are at your limit of risk and should.
Edited by mkfarm
08/04/2011 09:06 am
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Pillar of the Community
United States
1150 Posts |
To all my coin community forum friends who were long ago bit by the silver bug like myself: This is only the beginning!
Its gonna be a wild ride from here on out.
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Replies: 19 / Views: 2,319 |
Posted 08/03/2011 11:02 pm
