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Pillar of the Community
United States
3670 Posts |
Now it is late, and by the time most of you read this silver probably will have pulled back some back under 30 bucks an oz. once again. However, just 10 days into new year an we have seen silver go from a bottom of around $26.25 to where it is now, roughly a 4 dollar increase in spot value.... Gold as well is coming out of the gate strong at 1645, and may pass back across 1650 soon.... My point is it seems like all the fundamental reasons that were keeping those lines rising more times then not last season, are STILL in place again... Last year it was moving steady up most the time it seemed like, and when ever it pulled back it almost seemed like it was due to some BS political tampering, via raising limits an margins etc.. Basically Wall-street, Washington JP Morgan, or all of the fore mentioned, working together to keep it down, via pushing certain buttons. Trying to manipulate the price to THEIR ADVANTAGE in essence.Or a huge stock market drop which when real bad last year on the times it happened, it pulled Pm's down with it. Natural disasters or war situations which also can send it rapidly in decline or rise, and we had plenty of that last year as well, not to mention stock market pullbacks  ..... Probably good that they do whether we like it or not. As a commodity that only goes up an never goes down is UN-realistic as no one could afford to buy when one tried to sell it.... It all seems to come back to full circle to me with PM's on TWO basic approaches one should take to investing in them IMO..... 1.Either hoard away (while selling ZERO) on the metal you put the stock in, via all bullion, all numismatic, or a nice mix of both, LONG TERM, with a sound exit plan.... 2.Buy low an sell high (whenever possible) in the short again on whatever metal or item you chose to believe/invest in. And make what you can doubling/tripling your net worth in time and so on, putting no extra money back in again. Timing is obviously everything in plan number two.... I think both are fantastic ideas or ways to approach Pm's, and to each their own, and I am sure there are ways to mix a hybrid of both. Again, what suits your needs best.... I am so small right now, I feel the second option fits me best.... I also start the new job at the silver shop Thursday morning, and if it works out I should get about three days a week at 26 hours. I am starting at 10 bucks an hour, or 260 a week, say 200 after uncle Sam. That is extra 800 a month, 9600 a year. Nice extra chunk to play with there, should be interesting.... Edited by Silverhawk74
01/11/2012 02:45 am
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Moderator
 United States
14463 Posts |
I wonder if they give price breaks to part-time employees (or friends of employees),  and I wonder how much of your paycheck will be money and how much will be in bullion.  |
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Pillar of the Community
 United States
3670 Posts |
Fuzzy I am sure if you or any other CCF members are ever in the neighborhood and decide to stop by we can find you a good deal on something close to spot. Boss said I can't give the house away obviously and they have rent to pay an need to turn a profit eventually, but he wants people leaving happy, even if they just come by ten time an buy nothing an just like to talk coins. I like that attitude....
He said their biggest issue, small sign above shop. Many shops around, and they need a big sign up on the main road. I only found it, as I saw a commercial for it 6 months back an wanted to find it for silver an gold, and I was lucky it was in first strip mall of many. I drover down turkey creek one day, eye spying the strip mall, trying to find it without wrecking, lol. So his point about sign makes huge sense an is valid....
And I figure if I truly can clear close to 10 grand, I would be surprised if I did not convert at least 5 grand of that back into PM's....
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Moderator
United States
14463 Posts |
I used to be in your area a few times a year, but they have closed the race track off TN-840. Not sure when I will be in that area again.
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Pillar of the Community
United States
5855 Posts |
Quote:
Either hoard away (while selling ZERO) on the metal you put the stock in, via all bullion, all numismatic, or a nice mix of both, LONG TERM, with a sound exit plan.... I'm definitely in this camp, although I'll admit the whole "exit plan" thing has me a bit worried. Unless the price of silver goes up significantly in the long term, I'm going to end up losing money via fees (if I sell on ebay) or the horrible prices dealers pay for silver. Right now, my exit plan is to simply exit this world gracefully one day and pass it all along to my son... |
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Bedrock of the Community
United States
11951 Posts |
Silverhawk74 - I choose a early retirement several years ago. Then decided last
year to work part time in a local coin shop. This past year my collection, and
gold and silver (bullion) has improved quite a lot.
I hope that I can continue on the same growth for several more years.
I can see me keeping the collectable coins for the very long term, but it
sure would be nice to know when the high will be so I could dump bulk silver
at a high. I think that is still in the future .. but I believe no one really knows.
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Valued Member
United States
424 Posts |
Quote:
Timing is obviously everything in plan number two....
 . I try to maintain a hoard, while manipulating a small amount short term. As it seems to go hand in hand with the price of oil...I see silver increasing like crazy come summertime. Get paid in silver from the shop.  My thinking is BUY, BUY, bye. Edited by Funny Money
01/11/2012 3:33 pm
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Valued Member
United States
158 Posts |
Quote:
1.Either hoard away (while selling ZERO) on the metal you put the stock in, via all bullion, all numismatic, or a nice mix of both, LONG TERM, with a sound exit plan.... This. I rarely sell, and mostly buy. My coins will be left to my heirs as an investment for them. My exit plan ? I want to go out with a bang, and leave a shart-load of collectible silver in my wake. |
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Pillar of the Community
United States
3670 Posts |
"I rarely sell, and mostly buy."
I think I as well can be more of a buyer Citizen Patriot then a seller this year as well with more income....
"I try to maintain a hoard, while manipulating a small amount short term"
Ah see there Funny Money a fine example of the Hybrid theory I mentioned very nice....
"I can see me keeping the collectable coins for the very long term, but it
sure would be nice to know when the high will be so I could dump bulk silver
at a high. I think that is still in the future .. but I believe no one really knows."
Agreed GR58 who knows could be early summer this year it peaks out, or in fifteen years, time will tell and we can speculate on, lol....
BarryG, hoarding away an leaving it to the kids is a great plan. But the Wife may wanna see some results of your money workin for you both. So even if you did sell when it peaked out, you could simply buy back in double amount come late December. That is if this year follows last, and there certainly nothing set in stone saying it will. So never selling an hoarding away is all fine for that mental security an peace of mind in these uncertain economic times I think.....
But in the end, a metal or any item just setting is not making you any money. But then it is not loosing you any either, minus selling in a dip out of fear or need of money, so the safer less gambling angle approach in my mind....
Short term movers can clean up more often, but bad moves at the wrong time can also be disastrous for the short play angle, so perhaps a bit more of a gamble....
Edited by Silverhawk74
01/11/2012 5:29 pm
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Pillar of the Community
United States
3670 Posts |
Fuzzy you must mean the old Atomic speedway, great racing memories an history out that way eh....
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Valued Member
United States
89 Posts |
I'm buying also right now to hold
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Pillar of the Community
United States
3670 Posts |
 to CCF MikeBrax, hoard away I say.... Edited by Silverhawk74
01/12/2012 7:59 pm
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Pillar of the Community
United States
4008 Posts |
Gold and silver seem to be showing some real strength. Their prices dropped for a bit but are coming back up again. Temporary price drops like that make good buying opportunities for any long-term collector who has some cash available.
The next question is, "So, where do they go from here?". Silver looks like it could easily settle into the low to mid 30s for a bit while gold settles into the $1675-1700 area. The info coming out of Europe seems to be quieting down a bit. Italian bond rates are in the mid 6% range, which is some good news that indicates that whatever it is that they are doing seems to be working. Whether it is enough, of course, is anyone's guess. So far, so good, though.
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Moderator
United States
14463 Posts |
Quote:
Silverhawk74
Fuzzy you must mean the old Atomic speedway, great racing memories an history out that way eh.... I was talking about Nashville Superspeedway, in Lebanon. It closed in 2011. It was an Nascar type oval. |
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Pillar of the Community
United States
3670 Posts |
Oh yes Fuzzy, I had the right direction in mind, just way farther west, lol. I hate to hear about that, I missed it somehow that it closed....
I listen to sports talk often, an Doctor Jerry Punch is local an has a segment each week I enjoy. I have called in an talked to him about some crazy old racing story's, via moonshiners starting it all in the Flock brothers etc.. My late grand father was a huge racing fan, and raced often in his life on those old dirt tracks, and he always told me those story's....
Before he died I told him this story about one of the Flock brother's who used to race with his pet monkey, and it was his trade mark shall we say. He had a trap door a string which opened door to show passenger front right tire, via tread check, and a piece of rubber flew in an hit that monkey, and it flipped out in the cab an he nearly wrecked, lol....
Another great big giant of a driver who's name escaped me, dirt track legend was at Daytona, and he pulled a driver from a burning car in practice The driver was so thankful an injured an could not race, so he insisted this guy run his car. He won the race, the Daytona 500, and later was killed in like a T-bone crash at Talladega, real sad story. My grand father was a big fan of that guy, I will get back when I recall what his name was....
Edited by Silverhawk74
01/12/2012 9:46 pm
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Pillar of the Community
United States
3670 Posts |
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Replies: 31 / Views: 3,511 |
Posted 01/11/2012 02:57 am
