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Anybody care to do the math ?

edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
in Precious Metals
His silver purchase

Notice that he purchased silver on the day it reached it's top.





30 day silver chart


Can anyone figure out what his investment is worth today ?

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Silver @ $38.40 he is $90,000 in the hole.
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,112 ✭✭✭✭✭


    << <i>Silver @ $38.40 he is $90,000 in the hole. >>



    OUCH!!!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 ✭
    Whats really interesting is that he paid $56.40/coin on such a large order. No way he should have been paying a $7-$8 premium on 10 monster boxes! The guy obviously had more dollars than sense.......and now he has less dollars as a result. image
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭


    << <i>The guy obviously had more dollars than sense.......and now he has less dollars as a result. image >>



    Check out his ebay ID.

    Perhaps he needs to change it
  • VintageismygameVintageismygame Posts: 285
    Looking at his past auction wins he seems like a very normal guy with recent purchases of coins, sports cards, and vintage porn!! HAHA

    Matt
  • ttownttown Posts: 4,472 ✭✭✭
    Dang I've been getting ripped off since everyone on this thread can get ASE for under 40 bucks a piece. image
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Probably borrowed money for a quick flip. OUCH!

    "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

  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    Agreed it looks bloody at the moment, but if he/she holds, silver may break $50 sometime sooner than 30 years from now.

    If it was for quick flip, or on margin.... hoo boy. How to tell the wife?
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • RobertSRobertS Posts: 485
    Ok lets hear it, where can i get ASE under 40 bucks?
  • revoldlogrevoldlog Posts: 459


    << <i>

    << <i>The guy obviously had more dollars than sense.......and now he has less dollars as a result. image >>



    Check out his ebay ID.

    Perhaps he needs to change it >>



    How did you find out his real ebay ID??
    BST reference: wondercoin, cone10, fivecents, jmdm1194, goldman86
  • chumleychumley Posts: 2,305 ✭✭✭✭
    with a bit of patience he will make out okay
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭


    << <i>

    How did you find out his real ebay ID?? >>



    I clicked on the feedback on the seller, and there it was.
  • CoynCoyn Posts: 194
    Look at the feedback

    Robert should be your go to guy for high volume numismatic purchases Buyer: Member id smartmoney$ ( Feedback Score Of 279) Apr-30-11 00:39
    250 Rolls, 5000 Gem 2011 Silver Amer Eagles! (#390307137795) US $240,000.00 View Item 250 Rolls, 5000 Gem 2011 Silver Amer Eagles!


    The item was taken off auction as a different price was reached.

    Thats $48 each, not good, but not so bad.
  • coirncoirn Posts: 500
    Do we see 5,000 eagle submissions in PCGS's near future?
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    Perhaps he's a recent Lottery Winner & just blowing money for the fun image
  • EggerEgger Posts: 421 ✭✭
    whats the paypal fee on that image
    EBay ID = Disc2tech
  • dontippetdontippet Posts: 2,606 ✭✭✭✭
    Looking at the feedback, it appears that he may have only paid $240,000 or $48 per roll.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • sdkcpsdkcp Posts: 73


    << <i>Looking at the feedback, it appears that he may have only paid $240,000 or $48 per roll. >>


    Yeah, for some reason, if something is bought at a lower price on a Best Offer,

    the original asking price is what shows up on completed items listings.

    It can really screw up your research if you are using completed eBay listings to price something which is hard to find.

    But of course, I'm sure it's programmed to do that,

    because higher ending prices on one item usually lead to higher ending prices on similar items.

    Which in turn, leads to higher Final Value Fees. image
    Collecting: non-sports (celebrities, movies, tv, Batman, Wrestling & Wrestling Divas, & more), and sports (Spurs, Cowboys, Braves and other favorites)

    My eBay Store: Chosen Point's Heroic Diversions eBay Store
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