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 Replies: 16 / Views: 2,892 |
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Pillar of the Community
United States
3670 Posts |
Well call me crazy, but another good week for the main four, as all increased according to my weak math, 4 out of the 5 days thus far this week with much of the day left here on Friday, and silver pushed across the 35 dollar mason Dixon line....
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Pillar of the Community
United States
1450 Posts |
Yep,a new 31 year high according to CNBC!
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Pillar of the Community
 United States
3670 Posts |
People are taking notice as well Hockingzig. Here in my area of west Knoxville, I promise I have heard at least five new commercials for jewelry/bullion stores who pay so called top dollar for silver and gold. One guy has his cute daughter on his lap around five perhaps, and the dad says.... "Bring your Rolex's down will buyem top price!", and the daughter says...."Yeah, bring us your bullion!", rof  ..... Don't tell me these guys are buying Rolex's an scrapping them for the metal content, to say it exceeds the overall value of the watch itself? I now am also seeing commercials that buy not only gold but silver rounds and bars, it actually seems like these stores are coming out of the wood work.... Edited by Silverhawk74
03/05/2011 01:02 am
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Pillar of the Community
United States
757 Posts |
yeah it's crazy. it definitely helps assure me that silver's going up in the near future. I heard both sean hannity and glenn beck advertise not gold, but silver the other day. this is an obvious sign that the bigger companies like goldline, etc. think silver's going to be bigger than gold.
we, of course, knew this all along. anyone buying silver now is very likely not going to do too well.
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Valued Member
Canada
442 Posts |
As with anything that starts to hit the mainstream, the scammers will come out of the wood work.
Goldline, silver snowball, and and the other we buy gold/silver! groups are to be avoided IMHO, as the prices they offer are no where near spot.
Stick to your local dealer, and build a relationship with them. Best way to do it for your exit strategy!
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Pillar of the Community
United States
3670 Posts |
I have made now officially 37 years on Earth, and like my dad always says...."One way into this world and millions of ways out.", so happy to have made it this far....
My mother as thoughtful of a lady as she is, found a couple of more nice silver rounds and gave them to me for a birthday gift she had misplaced. One very nice walking liberty in nice case from 2000, and I already had another just like it she gave me painted in color, and this new one is not, simply silver, very nice. And she also gave me another out of case from 1995, again walking liberty. It was very brown an tarnished, but I used some tarn-x and cleaned it right up, and it looks brand new now....
That brings me to a question, is tarn-x a good choice for cleaning silver, or should I be using something else.....
I think it is also time to invest in some 1 oz silver capsules, as I have at least 12 loose in small zipper bags at least.....
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Pillar of the Community
United States
757 Posts |
well, in terms of collecting, don't clean coins silver. secondly, the silver eagles (walking liberty rounds, as you call them) for the most part are just treated as bullion. yes, they do carry a premium and there is a key date and a semi key but it isn't all that important to clean them. they are worth at the very least the current spot price, regardless of their appearance.
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Pillar of the Community
United States
3184 Posts |
I hope silver keeps going up and I'm thinking it may hit 40+ in a few weeks to months from now.
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Pillar of the Community
Canada
3692 Posts |
Ohhh, you mean the Rubicon...
True here, too. The most famous gold buyer in my area now advertises buying silver. People better not catch on. In fact, I hope the price dips a bunch to make the nervous ones exit and I can stack more.
I'm sure that these kinds of buyers are expecting a $50 spot price and that their margins are forecast ahead of time. If $35 then advertise, if not, don't. You don't want to ramp up the price right away.
Edited by Libertad
03/06/2011 08:00 am
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Pillar of the Community
United States
2424 Posts |
i think all of these talk show guys and goldline companies, etc advertise to get more people BUYING which ramps up price. but what I am worried about is the big sell off, if there ever will be
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Pillar of the Community
United States
3670 Posts |
Exit strat is everything, but hey I was thinking if an when I sell, just turning them loose on ebay with a dollar starting bid and shipping cost, and let the market determine the worth at that point. Funny, I see guys bid beyond the exact same item other places, which the "buy it now", may now be cheaper then where the other auction is sitting, yet people will keep bidding an pushing other item higher, when they could bail out an go buy the cheaper buy it now item, just stupidity. But for some reason, people turn their nose up to auctions with buy it now, reserves, etc., and they love the ones which start at nothing, and like I have said before with zero bi-est with pm's they always seems to bring their true value over spot IMHO.... |
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Valued Member
United States
463 Posts |
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Pillar of the Community
United States
2734 Posts |
Quote:
SilverHawk74: But for some reason, people turn their nose up to auctions with buy it now, reserves, etc. Many buyers automatically assume all "Buy It Now" listings are overpriced (and won't even search them!), and that "Reserve" amounts are set above fair market value. These are not always true, but there are enough cases where they are true to give them a bad rep. No-reserve low-start-bid auctions always get the most action, (no matter what you're selling!) simply because bidders know they are not overpriced at the start. That's how I sold a car years ago on ebay. Started at 99 Cents and I got $1000 more than the "Buy It Now" price of a similar car, which didn't sell. It's up to the bidder to know the fair market value of the item and not get caught up in a bidding war. "...know when to hold 'em, know when to fold 'em..."( Silver @ $36? Wake me when it's $50...  ) Edited by DNA
03/06/2011 11:21 pm
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Pillar of the Community
United States
3670 Posts |
Excellent points DNA, that all makes a lot of sense....
Hey quick question, I assume the market runs 24/7, but the monex site only shows market prices which appear to run for the typical 5 day bus week (I say this since the numbers stop post 5 o'clock roughly Friday evening, and does not kick back in until Monday morning perhaps), but this site has a great link which shows spot numbers for other country's, various metals, etc.. So anyhow, is this an accurate assumption, via monex just running during the week, and the world market perhaps runs all the time, in which you can get updates here at CCF anytime?
Edited by Silverhawk74
03/07/2011 12:14 am
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Pillar of the Community
United States
3670 Posts |
Oh yes, one more quick key point about using ebay, that I feel others may not have read the fine print and realize. That you CAN end an auction anytime you want, as long as there is still 12 hours of time or more left. After 11:59 it is locked in.... So my point being, if an item gets to 13 hours left, and it has not drawn enough action to satisfy you, and you do not wish to risk it NOT hitting the number you have set in your mind in the last minute, then simply end the auction and go back to the ol drawing board.... Edited by Silverhawk74
03/07/2011 12:24 am
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Pillar of the Community
United States
2734 Posts |
Most of the time, the sellers will only end the auction "prematurely" if the item was also for sale locally and was purchased by a local buyer before the end of the auction.
Of course, any seller can end an auction with 12 hours+ on the clock, but the prevalence of last-minute bidding (aka "sniping") makes it entirely possible that an auction you don't "think" will hit your target price may in fact exceed it in those last few seconds.
It ain't over till it's over!
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Replies: 16 / Views: 2,892 |
Posted 03/05/2011 12:49 am
