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 Replies: 14 / Views: 1,756 |
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Pillar of the Community
United States
3670 Posts |
Well, this week was a bit unusual for obvious reasons. I think the big dips in the big four pm's in the first two days of the week was no surprise to me or many, but once again like a tough Rocky comin of the ropes, they are persistently overcoming the obstacles on their way up back up the mountain, as silver an gold have already recovered nicely back up close to 36 dollars, and gold is a wee bit beyond 1400 again....
I have not been tracking this for long, and I know platinum and palladium are up big in recent years according to what you guys told me if memory serves me correctly, but they have really took a hit (even though they have recovered a bit as well in the end of the week), and seem to be on a bit of a different track than silver and gold, any thoughts? Edited by Silverhawk74
03/18/2011 11:45 pm
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Valued Member
United States
134 Posts |
Was up and down week for sure
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Pillar of the Community
United States
1450 Posts |
Gold and silver will see some upward movement,silver more than gold. But you really want to watch copper. With supplies really low,as the rebuild of Japan begins copper could really take off. I know it is not a precious metal,but it increases $1.50 a pound we will see a real scramble for pre-82 cents. If you haven't already,start your copper hoard now and hang on for the ride.
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Valued Member
United States
134 Posts |
Good points! Started recently hoarding pre 82 pennies myself.
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Pillar of the Community
 United States
3670 Posts |
Curious, how many pre 82 penny's to make a pound?
Coin found in pocket face value penny's worth how much more than a penny if pre 82 currently?
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Valued Member
Canada
221 Posts |
I know it takes about 145 Canadian cents to make a pound American cents cant be to far off Silverhawk74  |
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Pillar of the Community
United States
1450 Posts |
It's right around 150 cents/lb. give or take a few. At present,that makes a pre-1982 cent worth about 2.9 cents each.
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Valued Member
Canada
442 Posts |
Tracking the PM roller coaster daily can be very nauseating.
Dollar cost average, buy what you can, when you can. And remember, its not how much your silver is worth, its how much silver you have.
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Pillar of the Community
United States
1450 Posts |
Vinnycoin,although I agree with you,it is difficult to make my wife understand why a day of huge price drop is not a problem! Sometimes an"us" investment is more difficult to make in a volatile world. My wife is really pretty good about it and she trusts my judgement but she gets jittery a lot easier than I do so I try to keep her "ignorant" of day-to-day moves for her own good!
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Pillar of the Community
United States
3670 Posts |
Well Hockingzig, tell her you have it al tied up in pm's instead of trying to beat the point spread and win 7 out of 10 in the NCAA tourney, rof  !! Safest gamble currently on the planet if you ask me. I grew up around book keeping, and I promise the house always wins in long run, so that is why I have personally never gambled, even a waste of a dollar on a lottery ticket, legal here in my state of course.... Until now, I gamble on silver and gold.... |
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Valued Member
Canada
442 Posts |
Hockingzig,
Unfortunately you don't get any sympathy from me. I have problems trying to explain to my wife why I paid 35 dollars for a coin that says its only worth "$5 dollars" :( Of course, when she spends $50-75/oz on the latest face cream, its completely worth it.
Consider yourself lucky your other half at least understands that PM's in the long run are a good bet :P
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Pillar of the Community
United States
1450 Posts |
I'm with you on that silverhawk! I am very conservative as an investor and I don't gamble. To me(and I got into gold at the $600 level)PM's are the closest things to sure things as long as the dollar keeps dropping. My other"sure bet"is food items with a long shelf life. Other than that it is stay out of debt and keep enough cash on hand to get by for 3-4 months I have a very low tolerance for risk,that's why I will never be "wealthy"!
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Pillar of the Community
United States
3670 Posts |
I am way to conservative by nature to ever be wealthy as well Hockingzig....
Vinnycoin, that 50 to 75 dollar face cream gives us all enough of a go-ahead to buy a little pm's here or there IMO. Goodstuff, lol....
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Pillar of the Community
United States
3670 Posts |
I found a 1977 penny in my girlfriends car on the way to dinner tonight an told her it was worth 3 cents not 1 and she said and I quote...."hmmm cool.". I put it in my pocket to start my hoard, rof .... |
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Pillar of the Community
United States
4008 Posts |
> I am way to conservative by nature to ever be wealthy as well Hockingzig....
I have my flaws but, fortunately, that is not one of them! The ability to go out on financial limbs earned me a lot of money in the 1980s and 1990s. Lost a bunch in 2001 and 2008. Not to worry. Be patient. It WILL return. Invested money is a lot like the tide... it rolls in and it rolls out. On average, though, more rolls in than out.
My PM buying, though, is more about having financial insurance against political idiocy trashing the dollar. A lot of that has gone on already, especially in recent years. A personal silver hoard, however, will help guarantee that my family and I continue to eat, come what may. If nothing tragic comes and the paper investments continue to perform well, all the better. I can always leave the hoard to my kids and grand kids.
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Replies: 14 / Views: 1,756 |
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Posted 03/19/2011 1:42 pm
