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SOLD!!!!!!!!!!!!!

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
Just sold my 10 oz bar of palladium. $7500. Paid $4250 just six months ago.

It is the right thing to do on paper and in my brain. But in my gut? I HATE selling.

I envy you cats who buy & sell all the time. It's like pulling teeth to me.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • MeltdownMeltdown Posts: 8,789 ✭✭✭✭✭
    Whatcha gonna do with profit?
    I'm guessing you will be hitting the shop on your lunch break. image

    Click on this link to see my ebay listings.

  • CiccioCiccio Posts: 1,405 ✭
    Well done Weiss! Never regret a profit! image

    I feel like Pd will give us one more chance while if you sell that nice 10oz gold chunk you won't be able to buy it back at the same price!

    I envy you instead, I would love keeping all my PMs but sometimes I need to convert them into greenish paper bills!
  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭
    now all you have to do is sell your extra Pilgrim and it will be a great day image
    JR Newsletter Online Edition
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Melty, I think I mentioned that my dealer has a PCGS MS65 SS Central America 1857 $20 piece. He's asking $15k for it. I told him yesterday I'm a buyer at $12500.

    He's thinking about it. If it happens, the rest of the deal would be 100 - 150 oz of silver and 1 oz of gold. That should keep my actual out of pocket to somewhere around $6k.

    Crazy to parlay PMs to numismatic rarities? Probably.

    So I might just pump the money back into PMs on the next dip. If there ever is one image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Just sold my 10 oz bar of palladium. $7500. Paid $4250 just six months ago.

    It is the right thing to do on paper and in my brain. But in my gut? I HATE selling.

    I envy you cats who buy & sell all the time. It's like pulling teeth to me. >>



    Yup, that was perfect timing on your part back in June or July. Unfortunately, I did not heed your advice, thinking that it might drop further. Smart move on your part in selling and Uncle Sam will also appreciate it.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • guitarwesguitarwes Posts: 9,266 ✭✭✭


    What's happening to that paper Rhodium you bought?

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>What's happening to that paper Rhodium you bought? >>



    Nada. Stagnant. Down $30, up $30. image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Can never get hurt taking a profit

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I'm slowly taking profits. I'm getting into a cash position in case the tax cuts are not extended into next year. If they aren't there should be a lot of profit taking between now and the end of the year. This should provide a great buying opportunity (at a lower price) after the first of the year. If tax cuts do get extended, I'll still buy back in on dips after the first. Either way profit taking for tax purposes is getting ready to heat up.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I just sold a batch of 2006-W AGEs. Hey, it seemed like the thing to do. Take the money and run, Weiss.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • gecko109gecko109 Posts: 8,231 ✭
    Numismatic rarities will take a GIANT hit once the breadlines start to form.......you're smarter than that Weiss!
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭


    << <i>Numismatic rarities will take a GIANT hit once the breadlines start to form.......you're smarter than that Weiss! >>



    Palladium's not much of a SHTF insurance policy. Nope, this was speculation for growth. I got growth. Time to move it somewhere esle.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Hmmm. Maybe I was right about selling? image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>Hmmm. Maybe I was right about selling? image >>




    And maybe the forum was right about not buying. Remember when you threw it in our face when Pd spiked? image
  • MsMorrisineMsMorrisine Posts: 33,025 ✭✭✭✭✭


    << <i>Just sold my 10 oz bar of palladium. $7500. Paid $4250 just six months ago.

    It is the right thing to do on paper and in my brain. But in my gut? I HATE selling.

    I envy you cats who buy & sell all the time. It's like pulling teeth to me. >>





    you'll get more comfortable over time.
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • COINB0YCOINB0Y Posts: 4,505
    Well Done!
  • COINB0YCOINB0Y Posts: 4,505


    << <i>Numismatic rarities will take a GIANT hit once the breadlines start to form.......you're smarter than that Weiss! >>



    Amen!
  • DNADaveDNADave Posts: 7,271 ✭✭✭✭✭


    << <i>
    I envy you cats who buy & sell all the time. It's like pulling teeth to me. >>



    I'm looking at paperwork from 10-15-2001 where I bought 2oz gold from Paul Simms for 634 dollars.
    I have a hand written not on the receipt that says "Traded for 1916-D dime Feb, 2002."

    I kinda wish I DIDN'T buy and sell all the time. I need to nurture the inner hoarder.

  • KUCHKUCH Posts: 1,186
    Nothing wrong with taking a profit!!!! Good for you!image
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>Just sold my 10 oz bar of palladium. $7500. Paid $4250 just six months ago.

    It is the right thing to do on paper and in my brain. But in my gut? I HATE selling.

    I envy you cats who buy & sell all the time. It's like pulling teeth to me. >>



    I've never yet sold any hard gold or silver.
    "Poets are the unacknowledged legislators of the world." PBShelley
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