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Sold all of my silver today

BearBear Posts: 18,953 ✭✭✭
in Precious Metals
I might be right or I might be wrong but Indeed I dood it and the deed is done.image

34 seemed a nice place to exit from fantasy, back into reality.
There once was a place called
Camelotimage
«1

Comments

  • pragmaticgoatpragmaticgoat Posts: 853 ✭✭✭
    now we know why the price dropped, bear flooded the market with supply image
    BST references:
    jdimmick;Gerard;wondercoin;claychaser;agentjim007;CCC2010;guitarwes;TAMU15;Zubie;mariner67;segoja;Smittys;kaz;CARDSANDCOINS;FadeToBlack;
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  • BearBear Posts: 18,953 ✭✭✭
    You bet. I slapped my two barber half dollars and 10 Walking liberty Half Dollars on the coin counter

    and all heck broke loose. I had no idea selling 12 silver coins would break the market.image
    There once was a place called
    Camelotimage
  • pitbosspitboss Posts: 8,643 ✭✭✭

    I sold 100 silver eagles in the past week myself. Take a profit at this point and wait it out. If I am wrong I still have a few hundred more.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I suspended my sales about 10 days ago, after disposing of several hundred oz of silver bullion bars & rounds over the course of about 1 1/2 month. Plan on resuming after the dust clears a little bid. I'm still buying certain Silver Art Bars though. Just finished purchasing a set of 4 JM 1 oz Art Bars Bars with a Space theme (Apollo, Moonwalk, Shuttle & Skylab)
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • 66Tbird66Tbird Posts: 2,858 ✭✭✭
    I did my selling last week also getting rid of junk. Then the next day while continuing the dig through the storage I find a little hoard of 1992-93 Mexican bi-metallic 20 and 50 Pesos. In 96 or so illegals were pouring off the bus by the dozens everyday. I had no problem doing a little money exchange ' monedas con dos medallas para dólares' (I knew it then, used a translator for that line today) which basically says 'coins with two medals for dollars'. Desperate times, and hard working people they were, well some were really scary. Ever had that feeling that the person next to you has killed for fun? I had it plenty that week. Anyways, I Spent $20 and cashed that in today for 140. Kept one 20 Peso for the memory.
    Need something designed and 3D printed?
  • timrutnattimrutnat Posts: 102 ✭✭
    James Dines on KingWorldNews:

    When asked about silver Dines stated, “I think it’s going way higher, this metal (silver) is the most overlooked, underpriced, undervalued, under-appreciated commodity in the world in my opinion...It’s going to go well over $100.”
  • goingbrokegoingbroke Posts: 1,410
    I was too lazy to sell any of mine so I guess I am stuck with my gold and silver for a few years. When the price rises again I guess I will sell. If the price doesn't rise my wife said she will take it for her jewelry collection. I know if bear sold all his silver that the price will now drop below $6.00 again. (ALL IS LOST)
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Where's the party, Bear?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭


    << <i>James Dines on KingWorldNews:

    When asked about silver Dines stated, “I think it’s going way higher, this metal (silver) is the most overlooked, underpriced, undervalued, under-appreciated commodity in the world in my opinion...It’s going to go well over $100.” >>



    This is what I love about silver; even the bulls damn it with faint praise.
    Tempus fugit.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I think anyone who sells will be very sorry two years from now.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    How much silver did you sell Bear?
  • mikeygmikeyg Posts: 1,002 ✭




    Up down sideways??? who knows.While I have a few rolls of SAEs bought around $22.What I am doing now is collecting silver ounce coins from around the world.Pandas....silver wolves....silver grizzly bears...libertads....etc.When I can get a good price I will be out there buying. image
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    I did sell some silver art bars on various days during this year. I sold most of my common minted '70's silver art bars (ex: Hamilton Mint, Madison Mint, Mother-Lode Mint, etc.) to a local dealer for a paper profit. I ended up spending that paper profit on buying some GreatHouse Productions 1-oz silver art bars, Green Country Mint 1-oz silver art bars, and The Mint 1-oz silver art bars that were on my silver art bar wish list.

    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • BearBear Posts: 18,953 ✭✭✭
    $5000 WORTH OF SILVER, PURCHASED AT ABOUT 2600 DOLLARS ORIGINALLY.
    There once was a place called
    Camelotimage
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭


    << <i>$5000 WORTH OF SILVER, PURCHASED AT ABOUT 2600 DOLLARS ORIGINALLY. >>




    No one ever went broke taking a profit.
    Tempus fugit.
  • cone10cone10 Posts: 1,021


    << <i>$5000 WORTH OF SILVER, PURCHASED AT ABOUT 2600 DOLLARS ORIGINALLY. >>

    image
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Maybe I should open the sealed cartons from NWTM when I bought it at $4.20
    (included premium)

    image
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    “People are cashing in their chips and storing up their cash"

    "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

  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>I think anyone who sells will be very sorry two years from now. >>



    image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>

    << <i>$5000 WORTH OF SILVER, PURCHASED AT ABOUT 2600 DOLLARS ORIGINALLY. >>




    No one ever went broke taking a profit. >>





    I'll be sure to TTT this thread in a year or so when silver hits $50+. image
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Everyone has different considerations, and Bear may have hit an intermediate high - so bravo, Bear! By the same token, I have yet to see any good reasons for thinking that keeping savings in a dollar-denominated asset will do any better than precious metals.

    (unless he's buying some oil)
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Bear, put it all in Uranium!

    "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: 22,822 ✭✭✭✭✭
    Bear, put it all in Uranium!

    But - not yet, Bear.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    No one went broke taking a profit.

    True enough. One could have cashed out in silver in spring of 1979 after doubling or tripling up. Unfortunately it went up another 10X in the following year.

    The real key is will one buy back that insurance on the next dip? If so, then no problem as you will end up with more ounces the next time around.
    If not, then other for required expenses and home cash flow, I can't imagine selling off the insurance policy. I stupidly sold off some silver in the low $20's.
    I have not replaced that yet nor will it likely ever happen unless silver gets below $20 again.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BearBear Posts: 18,953 ✭✭✭
    In answer to the question of why the bear sold out his silver and So Called Dollar collection, is that the bear

    has been diagnosed with incurable cancer. Life has a way of changing goals and ones perspective on things.

    all I can say, is that every day one can awaken to see a sunrise, is a very good day indeed.One must accept

    life as it is, with the good and the not so good. Enjoy every minute as if it were your last and be thankful for

    the time allotted to live ones life.

    I would like to say a special thank you to Jeremy Katz, who has known of my condition for some time and and has graciously

    been assisting me in liquidating my collection in a most professional and compassionate manner.
    There once was a place called
    Camelotimage
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    I am so sorry to hear this Bear. You are loved on these boards and have been a real asset all these years. And you are also good person with a joyful heart.

    My prayers go out to you and your family Bear.
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    So sorry about this situation Bear. My thoughts and prayers go out to you and your family.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • cone10cone10 Posts: 1,021
    I'll second what fivecents said, you are loved on these boards! Your posts have always brought a smile to my face... you are one of the good ones. Hang in there bear you will be in my prayers.
    Eric
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Life has a way of changing goals and ones perspective on things.

    all I can say, is that every day one can awaken to see a sunrise, is a very good day indeed.One must accept

    life as it is, with the good and the not so good. Enjoy every minute as if it were your last and be thankful for

    the time allotted to live ones life.

    Thank you for the reminder, Bear. I'm sorry to hear of this.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I'm so sorry to hear this, and your quote..."live life to it's fullest every day, because you never know"....
    makes more sense than being paranoid most the time.
    image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • joecatchjoecatch Posts: 15
    I am so sorry to hear that. I just found out today that my sister had a bone scan and she has cancer all over. Life is short. When faced with these things in life, one's whole lookout and priorities change. God be with you.

    JC
  • pakasmompakasmom Posts: 1,920 ✭
    Can't tell you how sorry I am to see this sad news.... signed, a stranger who loves our wise little Bear. image
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    Bear;

    You're one of the good guys on this board... Will keep you in my thoughts & hope you can beat this !
    As a cancer survivor, we can only live "One day at a Time" }{ugs

    ps. Jeremy (airplanenut) is the Best image
  • percybpercyb Posts: 3,324 ✭✭✭✭
    I wish you a quick recovery!! We're all pulling for you!
    "Poets are the unacknowledged legislators of the world." PBShelley
  • JoflaxJoflax Posts: 979 ✭
    Hang in there Bear , A bunch of folks on this board are pulling for you .
    Buy the dips!!!
  • gecko109gecko109 Posts: 8,231 ✭
    Sorry man.
  • pitbosspitboss Posts: 8,643 ✭✭✭

    God bless and keep you.
  • MercuryMercury Posts: 1,052 ✭✭✭✭
    Bear, I am sorry to hear this. I have always enjoyed your posts and hope to do so for a long time to come. God Bless you.
    Mercury
    Collecting Peace Dollars and Modern Crap.
  • richardshipprichardshipp Posts: 5,647 ✭✭✭
    There is a lot that can be learned from a wise old bear.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I am very sorry to hear this sad news.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Hang in there, Bear! I look forward to seeing many more of your posts.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭
    Best of luck in making monkeys of the doctors for as long as possible.
    Tempus fugit.
  • JulioJulio Posts: 2,501 ✭
    My hopes and prayers are with ya Bear. Take care. jws
    image
  • RedTigerRedTiger Posts: 5,608 ✭
    I am sorry to hear the news, Bear. I would like to add that I have had the pleasure of meeting the great Bear in person and seeing some of his so-called dollar collection.

    The doctor is giving an opinion. It is an expert opinion, but it does not always turn out the way the doc says it will. Sometimes miracles occur and a person beats the odds and has many more years. A friend of mine just celebrated seven years in remission, from his "death sentence." In his case, the docs told him the cancer had spread throughout his body and he had about six months and it was time to get his affairs in order, there was nothing more they could do for him.
    Investment blog: gold, stocks and more
  • COINB0YCOINB0Y Posts: 4,505


    << <i>$5000 WORTH OF SILVER, PURCHASED AT ABOUT 2600 DOLLARS ORIGINALLY. >>



    image

    Wow, I didn't read further into the thread untill after I posted to see why........

    I am so sorry to hear this, Bear.
  • melvin289melvin289 Posts: 3,019 ✭
    Mr. Bear Sir,

    May the blessings of a Merciful God be with you and I will keep you in my prayers.
    You are truely one of the good guys. Can a bear wear a white hat?

    Ron
    Collect for the love of the hobby, the beauty of the coins, and enjoy the ride.
  • AuroraBorealisAuroraBorealis Posts: 3,591 ✭✭✭✭✭
    No i don`t want to hear that Bear...I am so very sorry to hear that and hope for you and your family the very very best...

    AB
  • SwampboySwampboy Posts: 12,987 ✭✭✭✭✭
    I will remember your sage advice Bear.

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • timber100timber100 Posts: 863 ✭
    Just got off work and saw the sad information, very sorry to hear, I have always enjoyed your posts and words, take care, and prove the sawbones full of BS. God bless
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭
    Its sad to hear about this development about your health our friend Bear. image Thank you for all your advice in the past and i always look forward to your posts here in the forum.Pls.continue doing so... image I am praying for you to beat this cancer.... and its not unheared of...God Bless!
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