What's a good roundabout buy price for 90% silver today? 9-11-08
guitarwes
Posts: 9,266 ✭✭✭
times face that is.
I have the opportunity to get some.
thanks.
-wes
@ Elite CNC Routing & Woodworks on Facebook. Check out my work.
Too many positive BST transactions with too many members to list.
Too many positive BST transactions with too many members to list.
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I was able to get some silver at 4x FV and turn around and sell it to make some extra money for silver bullion.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>stores are buying at 7x fv. If you can find some at 6-8 fv that might be ok.
I was able to get some silver at 4x FV and turn around and sell it to make some extra money for silver bullion. >>
So tell me did you offer 4x or did they tell you 4x
again a dealer would be hung offering 4x
I get a call from the owner of the store asking me if I wanted some silver coins. I said yep and went to the store. I ask her how much she paid and said I would give the store owner 4x. She said ok as she paid lower for the coins and still made a quick profit.
I then take the coins to a coin store and they gave me 7.8x FV which I used the profit to get some silver bullion.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
I would WAIT a little longer.
I want to see what <$90 oil does to the PMs, before I add to any stash.
As much as I hate to say this. They don't have to accept the offer. If I had a bunch of coins
I wanted to sell. And I didn't have any idea what they are worth. I would educate myself before
I sold them.
Now if they ask you what they are worth and you LIE then that is a different story. Dealers are hung
out to dry when they LOWBALL because they know better. Common people like me and others on this
forum are not in business to buy low and sell high.
I am in it for the long term investment. If I offered someone 4X's face and they sold it, what makes me the bad guy.
What guarantee do I have silver will not TANK further. It seems a bullish stance is what most people are taking right now.
I guess you could say I was screwed over a few weeks ago when I was paying 11 X's face for 90%..Right??
Who would have thought silver would slide so far down so quick. 4X's face may not be too far from reality in the near future.
Congrats on your great deal..... The moral police will say you need to go back to the jewlery store and get the customers
info and mail them some more money....
Ignore them.... Just be honest... If someone ask what the current value is tell them the truth. When they ask what you
would pay. Tell them the truth as well.... What it is worth to a dealer may not be the same as what it is worth to me.
A dealer can flip it quick if needed. I think silver is on it's way down to single digits. And my buying will reflect that.
Here is a wholesale buy price from one of the many out there.
what do you think of the 50% mark being retraced by lot relative indices and minning stocks
that is either peak price or low/high diff x50% add back in low. Also trend lines bottom to bottom
have or are nearly complete. a lot of the indices and futures are significantly below move avg's.
EMA and MaCD seem to be bottoming. Monthly chart avg's met or exceeded, etc. Do you think we hold still, or go, or nibble.
By the way I am in to physical also and hold a quantity.
Appreciate your thoughts, RR's, as well as others.
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It makes little sense to SELL physical-silver at these levels,
if you are just going to buy it back when SPOT is $2.00 less.
The seller's-premium will equal a flat-trade. That is musical
dollars, and a waste of time.
Folks who wanted out, should have dumped at least $5-ago.
........
Hurricane IKE may deliver an escape for Au-holders, but it
won't last long. Folks who wanted to play the weather-bet
should have gone long a little GLD today, and dumped it
at the first sign that REAL damage was being done;
it will tank right after that.
Gold will be at about $650, soon. Factor the premiums to
replace it, and decide what is best.
Personally, I sold any physical stuff I wanted to sell WAY
BACK.
.........
NOTHING I say is a call to SHORT GLD/SLV at or near these
levels. I am way SHORT, but I think I know what I am doing
and if I make a mistake, it does NOT change my life at all.
Good SHORTS can only be made into BIG strength on the ETFs.
Risk/Reward is turning sour at current numbers. (It is too soon
to cover, and too late to take new positions.)
............
The ONLY smart play is to WAIT for the prices to come to you.
When you see numbers you like, buy a little bit at a time.
When the PMs start to build a new base, you will know it;
you can then move in more aggressively.
................
Gordon Liddy is back on TV trying to sell gold to the newbies.
I missed Gordon L.