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Letting go of 50%

FrankiefanaticFrankiefanatic Posts: 325
in Precious Metals
at this price was not that hard to do yesterday. It was a good deal all in all.

Turned 500 oz of 90% @ $37. even, then turned around and bought 10 oz of gold @ 1475, keeping a net of 3750 which can go into the piggy bank for the next down turn in either sliver or gold.

and this was very old stuff that had been sitting for many moons- you know the stuff that trailed after the Hunts drove the market and somehow a Saudi just had to unload what he had to make the market slide like a major earthquake. The 80's and part of the early 90's were so cool to buy stuff.

Now back to collecting more Frankies for fun and amusement.

I had to edit for poor spelling, my bad.

Comments

  • CaptMorganCaptMorgan Posts: 145
    That is great. Everyone should have a key selling point-price for them.
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    If you can sleep at night, you were right.
  • FrankiefanaticFrankiefanatic Posts: 325


    << <i>If you can sleep at night, you were right. >>



    I slept well last night as I have for 55 years- no pain no gain- some are winners some are losers

    that is what the game is all about.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    You sold 90% @ $37?????????? Where the F is that buyer?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    I'm guessing he meant that spot was $37 when he sold. I had to read that twice, also.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Think he sold 500oz of silver in 90% form. Not 500 FV~guessing.
    Avid collector of GSA's.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    If your happy then thats all that matters! Plus you got something that you liked and still have some extra $$$ available.
    Successful Buying and Selling transactions with:

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  • bstat1020bstat1020 Posts: 2,151 ✭✭
    Basically he same thing I did. I did it to take profits from $12 silver that I had and even out my Gold to silver ratio with profits.

    Madelyn's Birth Year Registry Set, Sophia's Birth Year Registry Set, My 10 Best Coins
  • FrankiefanaticFrankiefanatic Posts: 325


    << <i>Basically he same thing I did. I did it to take profits from $12 silver that I had and even out my Gold to silver ratio with profits. >>



    and this is what many have done over time- take a profit from stuff you have sat on waiting for this ride to go up. I took most of my $4-9 in for the trade.

    So what would a common date Morgan go for today? 37- 45-60?
    If you had a few thousand in the circ range- why not unload the old and get some new?
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