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 Replies: 46 / Views: 5,325 |
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Pillar of the Community
United States
573 Posts |
Quote:
andrew who, exactly have you been talking to? curious to see how they come up with the 100 an ounce theory. They could be speculating that the class action lawsuit against JP Morgan and others for illegally depressing the price of silver will cause silver to jump to its traditional 15:1 ratio with gold. At Friday's close, taht would put silver around $90.00/oz. |
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Pillar of the Community
 United States
757 Posts |
very very interesting...and what are the odds you think this will happen?
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Bedrock of the Community
United States
10982 Posts |
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bherring...most of the sellers are probably like me and bought this summer or earlier at around $17 an ounce...not hard to make up the seller's fees and still turn a nice profit as fast as it has risen this year.
I can understand an auction if you don't have the $500 minimum. APMEX currently pays $26.27/ea. for SAE of any date, but you must sell them $500 worth minimum. What I don't understand is people selling GAE at just over spot and then paying all the fees. A raw 1 ounce GAE meets the minimum by itself and people often lose $150 or more selling it on ebay vs. shipping it to APMEX. Happens every day.  |
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Pillar of the Community
United States
1547 Posts |
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People tend to be a little crazy right around election time. Both sides have been talking for months about how bad the "other guy" is. Not surprising that people think they are trying to choose the lesser of two evils and we're screwed either way. Politics is simple. Before they get elected, they kiss our ass. After they get elected, we kiss their ass.  |
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Pillar of the Community
United States
592 Posts |
This is MORE crazy! http://www.ibtimes.com/articles/776...-pension.htmThis guy sees $10,000. an ounce gold coming, & sooner rather than later.  He was also written up in the WSJ last week. An awful lot of richer (more knowledgeable?) than me seem to think it is all going to heck soon. |
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Pillar of the Community
United States
592 Posts |
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Valued Member
United States
71 Posts |
I never pay above spot online, even with shipping included. That still doesn't stop me from buying with the market the way it is now, it just means I haven't seen any new ASE's in awhile :). I mean, look at what silver was at 10 years ago and think back on what people were saying then (it won't rise, time to sell, etc.). I don't think it's that crazy to assume precious metals, and silver in particular, will keep rising. |
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Pillar of the Community
United States
592 Posts |
Given the economic situation (Quantitative Easing et. all) they HAVE to rise, the only questions are how far & how fast.
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Pillar of the Community
United States
508 Posts |
I was thinking of offloading a good chunk of my silver to create more funds to purchase when the price tanks again, but I'm almost thinking I should hold off for a little longer.
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Pillar of the Community
United States
757 Posts |
yeah, agreed.
i just sold a good chunk of silver, but I'm thinking I should hold on to the rest for that very reason.
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Pillar of the Community
United States
1256 Posts |
I don't have much but I'm holding everything. Gold, silver, cooper, beer cans, all of it!
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Valued Member
United States
71 Posts |
those beer cans are worth something depending on where you are!
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Pillar of the Community
United States
757 Posts |
you bet they are. save em up. I get between 100 and 500 a year by collected scrap metal.
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Pillar of the Community
United States
880 Posts |
Every time we fill a trash can up with cans, I take it in. Then we go out to dinner :). If it doesn't cover it, it sure comes close.
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Valued Member
United States
71 Posts |
Makes me miss my days down in Oregon...
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Replies: 46 / Views: 5,325 |
First Page
Posted 10/30/2010 10:53 pm
