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 Replies: 21 / Views: 2,968 |
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Pillar of the Community
 United States
2120 Posts |
i dont have lots to sell unfortunately. Just odds and ends. :(
Not taking the risk of buying right now. Though, its probably not much of a risk.
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Valued Member
United States
364 Posts |
Holding. Designed to be an insurance policy against fiat collapse, and I can't use it for that if its in someone else's vault.
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Pillar of the Community
United States
5613 Posts |
Ian, Great call on spot prices, Today silver at 1 pm was $21.94 per ounce, gold was down a little to 1303.00 per ounce, then back up to 1310.00 per ounce.
I wonder the same thing about where this is all going, and the impact this will have to us all......We should have a contest about who can/will guess the top out of the 2 metals...
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Valued Member
United States
254 Posts |
Melt vale of 90% silver is at 16X face, has anyone tried to sell? I'm curious what people are receiving. Typically the discounts were face -1 in my experience. Is this still the case?
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Pillar of the Community
 United States
5953 Posts |
I buy and sell in equal volume.
The stuff I buy put in ziplocks with the purchase price per oz I am selling stuff at the moment that I paid around $10 per ounce for. I tend to hold until its doubled then sell 50%. Will silver make $40 per ounce so I can sell my last purchase I doubt it, but then when I bought at 7 or 8 dollars and ounce I did not really believe it would reach 14/15 dollars an ounce in such a relatively short time.
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Bedrock of the Community
United States
10045 Posts |
Hmm...wow, I haven't followed silver for a while. I sorta expected this rally to collapse--not yet.  |
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Valued Member
United States
71 Posts |
trying to decide my path as well ...
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Valued Member
United States
462 Posts |
There is too much industrial demand for a total collapse. Price fluctuations, absolutely. $20 to $30 over the next 12-18 months. Try to buy low and sell high. I am loving my $10-$14 an ounce purchases!
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Valued Member
United States
462 Posts |
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Pillar of the Community
United States
2661 Posts |
 I passed on twenty 1oz ingots back in January for $12 each at an auction. |
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Valued Member
United States
462 Posts |
Don't feel bad Tim. Twenty ounces at $12 profit is still only $240.00, not exactly a fortune. Now, a thousand ounces...............
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Pillar of the Community
United States
1409 Posts |
this is a fun ride, and as much as I'm glad I loaded up at $16-17, I'm sure hoping for that drop back down to around $20 again for another buying spree.
I've sold some at $22.50 and again at $23.75, so the profit is sitting on the sidelines waiting for opportunity. I do believe we'll see a drop, and it'll be after the elections. Until then, I think we'll see $26-27 before a pullback. Just my uneducated, totally random .02. :-)
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Rest in Peace
United States
4849 Posts |
I wish I hadn't sold most of my silver already...:-( but I'm glad I've held on to most of my gold! :-)
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Pillar of the Community
United States
757 Posts |
gold's the really big bubble, buddy. sell within the year so you can buy even more once it drops.
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Rest in Peace
United States
4849 Posts |
Quote:
gold's the really big bubble, buddy. sell within the year so you can buy even more once it drops. actually, silver has shown to be much more volatile over the last few years both in gains and losses than gold. I do expect a dip in gold, but unless the economy makes a miraculous recovery, the dip won't be all the big. I think the dip in silver will be bigger percentage wise, and if it goes back to below 20, I'll be all over it. |
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Posted 09/23/2010 2:55 pm
