PM gone wild
Beanie
I'm getting ready to dump all my silver when it hits $40, gold at $1600.
oly
> Gold and silver way up today.
> I'm getting ready to dump all my silver when it hits $40, gold at $1600.
Silver to Gold ratio is 38.51 to 1.00 right now; I'd possibly swap
silver for gold, but selling out one's entire position???
Foolhardy.
oly
Beanie
"oly" <oly...@aol.com> wrote in message
news:ee2ced39-52dc-4761...@j35g2000prb.googlegroups.com...
Foolhardy.
oly
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One can never go broke by taking a profit.
Even with more recent silver purchases, my average cost for silver is still
below $12/oz
Dealers around here are offering 22-24X face when silver was $35 or so.
eBay sales generally go for actual melt (27X today) minus 10% or so for eBay's
end.
My dealer will give me about $2300-$2400 per $100 face worth of silver.
eBay would gross me about $2700 but they'd take about $300 in FV and Paypal
fees.
So it's pretty much a wash and the slight amount more I'd make with eBay isn't
worth the hassle.
If I sell half my silver now, I make back all the money I ever spent on it AND a
tidy profit AND still have 1/2 my silver.
Jud
Still watching, but thinking of taking inventory of what 'junk' silver
I have, and get it ready for sale, when the mood hits.
som...@some.domain
>Gold and silver way up today.
>I'm getting ready to dump all my silver when it hits $40, gold at $1600.
>
>
Bremick
"Beanie" <b...@an.ie> wrote in message news:imdhsf$9sh$1...@speranza.aioe.org...
> Gold and silver way up today.
> I'm getting ready to dump all my silver when it hits $40, gold at $1600.
So while many people are turning their dollars silver and gold, you plan to
dump your gold and silver back into fiat dollars? Why not just let it ride
and continue to enjoy the run?
mike mercury
'Beanie[_3_ Wrote:
> ;676437']Gold and silver way up today.
> I'm getting ready to dump all my silver when it hits $40, gold at $1600.
Hey to each his or her own.I have been stacking in the $30-$32
range.So the buying spree is over lol.But I am not ready to sell
silver at $40.No one knows where it will go but Im ok with that.If
there is a serious correction I am prepared to buy more.
--
mike mercury
oly
> "Beanie" <b...@an.ie> wrote in messagenews:imdhsf$9sh$1...@speranza.aioe.org...
> > Gold and silver way up today.
> > I'm getting ready to dump all my silver when it hits $40, gold at $1600.
>
> So while many people are turning their dollars silver and gold, you plan to
> dump your gold and silver back into fiat dollars? Why not just let it ride
> and continue to enjoy the run?
The trouble is, of course, finding a dealer who wants to pay anything
close to spot.
Unless it's immediately re-saleable .999 fine silver rounds or U.S.
90%, rummy dealers are offering 25% behind spot. Good guys are
offering 15% back. They will tell you they can't get paid
immediately, they gotta stand in line at the melters, etc.
This is the same thing that happened back in 1980.
oly
Bremick
----------------------
Wearing my investor hat, I've had much better luck with Kitco, buying &
selling silver at 1% of either side of spot at a moment's notice. Nice to
have actual bullion in hand, but there's the hassle of packing and shipping
and insurance both ways plus storage. Shopping locally in person, I have
found the similar unattractive percentage that you mentioned.
oly
> "oly" <oly2...@aol.com> wrote in message
While I don't suggest leaving tons of money on the table, selling
common silver European crowns that one paid $7.00 for for almost four
times that money is O.K., even if the dealer stands to make $5 per
coin.
It enables one to buy gold which is normally too expensive.
oly