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 Replies: 338 / Views: 21,592 |
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Rest in Peace
United States
9104 Posts |
Which is more profitable, the silver you bought at $10.30, or the silver you didn't buy because it didn't drop to $10?
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Pillar of the Community
United States
3077 Posts |
the silver I bought at 10 but my $10 silver got sold when we hit 20+ wish I still had them franks and Peace dollars |
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Pillar of the Community
United States
2168 Posts |
Yes. Too bad you didn't keep them. At least you doubled your money. The thing is with me is yes you can sell but what to replace the silver with! I don't want the paper. I guess if I had a tangible item to buy thay would be my only reason to sell. Or when I get my crystal ball! So I know when high is and then the drop to rebuy more!
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Pillar of the Community
United States
5855 Posts |
Well, personally, although I'm aware there is the possibility that the economy may someday crash and I will need my silver coins to buy a loaf of bread, I'm collecting silver (a) simply as a collector because I love the stuff, (b) as a hedge against inflation if I need some extra income in my retirement years and/or (c) as something nice to hand down to my son some day if neither of the first two reasons come into play. Which is to say I have no plans to sell my silver anytime soon and really don't care if prices go up and down in the short term. I suppose if silver really did soar to $100/ounce I'd consider selling some of my Morgan dollars (I have more of those than any other silver coin), but maybe not. |
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Pillar of the Community
United States
4008 Posts |
I'm pretty much in the same camp as Barry on this. I collect for the same reasons he does and pretty much ignore the price. I like to buy a little every month. If there is a price dip, then I buy quite a bit more. I would sell some silver IF I had a good reason to do so. So far, though, no reason has come up and I still have all that I've bought or received as gifts. I would rethink this if silver were to go up substantially in price and then just hang there for a bit. I would be more than happy to buy it back if the price came down after I sold it.  |
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Pillar of the Community
United States
2168 Posts |
I actually bought the 5 oz Gettysburg coins for my kids and grandson. It seems every year I buy 1 gift around $200 each and some other items. This year that was the 'big' gift.
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Valued Member
United States
52 Posts |
Always buying, Always selling.
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Pillar of the Community
United States
2168 Posts |
This thread has been quite for a while. I will be getting the Olympic NP 5 Oz
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Pillar of the Community
United States
3077 Posts |
well I am gonna keep building my BV merc dime set and the new set will be my Booker T Washingtons I have seen many of them go just above spot
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Pillar of the Community
Canada
1502 Posts |
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Always buying, Always selling. I second that. The only way to be making money |
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Pillar of the Community
Canada
677 Posts |
I was lucky enough to find almost 10 grams of 14k gold neckles scrap in the snow melt piles 6 months ago. I waited till gold almost hit 1800 dollars and cashed it in for 8 maple leafs. It cost me $18 in shipping and $29 on my credit card. I would buy like that all day long.
Bring on the spring.
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Pillar of the Community
United States
2168 Posts |
Yes that and metal detecting on the beach. I had some broken jewelry and some found earrings and traded for some silver haves in the spring.
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Pillar of the Community
United States
4008 Posts |
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The only way to be making money. Already made money. Now I am just trying to hang onto what I have and not let the inflation Grinch haul it all away!  |
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Pillar of the Community
United States
2168 Posts |
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Pillar of the Community
Canada
677 Posts |
I just can,t pass it up. Is the Grinch Mom?
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Replies: 338 / Views: 21,592 |
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Posted 11/26/2011 3:44 pm
