Are you Buying, Selling, or Waiting to back the truck up?
LukeMarshall
Posts: 1,982 ✭✭✭✭✭
I was just wondering if you are buying at these levels, selling, or stacking paper to back the truck up at a lower level...
If your waiting, when do you intend to re-enter the market?
I'm confused and just kinda nibbling a bit...
If your waiting, when do you intend to re-enter the market?
I'm confused and just kinda nibbling a bit...
It's all about what the people want...
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GrandAm
Buying gold and platinum below $1330, and selling above 1700. Until one or the other happens, I'm happy with how much metal I'm sitting on.
Liberty: Parent of Science & Industry
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I'm not too concerned how far it falls during this little dip. I don't think it's dropping below $25.
Click on this link to see my ebay listings.
I will buy again in June when my bonus comes in.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"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
Looking at silver to hit $23.00 !!!
type2,CCHunter.
Guess it doesn't matter if it goes up or down. Depends on what I sell it for later down the road.
$37 to $27 in a couple months isn't a big enough for you? My put-back "stack" is worth thousands less in 2 months. I've seen enough of the color red for awhile. How about a bounce?
and sell some above $36
oh yeah, and when's that supposed to be? Sure feels like longer than I'm willing to wait at this point. It's nice owning Silver, but the reality of it is that it's dead money until you can realize a gain from what is being held.
To answer the OP's ?, Timbuk3 and I are on the same page.
Any time I get a good deal at current price, I buy. If it goes down, oh well.
I knew it would happen.
And another $140 this afternoon.
Stopped by a local B&M to see what was available in gold, but all that was on display was a 1 oz AGE that had been removed from a bezel and was badly scratched. They weren't willing to discount it, so I passed.
I asked the guy behind the counter if he had any others in back, and after checking he came out with two beautiful 1 oz'ers (2009), which I promptly bought for spot +5%. (They have my resale # on file, so no tax.)
As the guy was writing up the sale, the store manager walked by and saw what he was doing. She asked him "Why are you selling those? We paid over $1700 for them! We're losing money on them both!". He just shrugged and kept writing.
I don't think he was supposed to bring them out.
I don't think he was supposed to bring them out.
No, it was meant to make you feel like you were getting a deal so you'll come back and buy more that they bought for way under spot. Don't be fooled.
Dealers don't stay in business for decades selling items for under $200 what they paid for it.
<< <i>As the guy was writing up the sale, the store manager walked by and saw what he was doing. She asked him "Why are you selling those? We paid over $1700 for them! We're losing money on them both!". He just shrugged and kept writing.
I don't think he was supposed to bring them out.
No, it was meant to make you feel like you were getting a deal so you'll come back and buy more that they bought for way under spot. Don't be fooled.
Dealers don't stay in business for decades selling items for under $200 what they paid for it. >>
I agree, they didn't lose a cent.
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<< <i>As the guy was writing up the sale, the store manager walked by and saw what he was doing. She asked him "Why are you selling those? We paid over $1700 for them! We're losing money on them both!". He just shrugged and kept writing.
I don't think he was supposed to bring them out.
No, it was meant to make you feel like you were getting a deal so you'll come back and buy more that they bought for way under spot. Don't be fooled.
Dealers don't stay in business for decades selling items for under $200 what they paid for it. >>
They didn't lose $200, but I don't doubt that they did lose some on the deal. I've known these guys for years, and they're the kind of place that pulls everything out of the cases when metals are falling, and puts it all back out when prices are back up.
The problem was that this guy knows that I'm a good wholesale customer (both buy & sell) that has dealt with them for years, so he was trying to give me special treatment, and he just got a little carried away not thinking where spot was.
<< <i>
<< <i>As the guy was writing up the sale, the store manager walked by and saw what he was doing. She asked him "Why are you selling those? We paid over $1700 for them! We're losing money on them both!". He just shrugged and kept writing.
I don't think he was supposed to bring them out.
No, it was meant to make you feel like you were getting a deal so you'll come back and buy more that they bought for way under spot. Don't be fooled.
Dealers don't stay in business for decades selling items for under $200 what they paid for it. >>
They didn't lose $200, but I don't doubt that they did lose some on the deal. I've known these guys for years, and they're the kind of place that pulls everything out of the cases when metals are falling, and puts it all back out when prices are back up.
The problem was that this guy knows that I'm a good wholesale customer (both buy & sell) that has dealt with them for years, so he was trying to give me special treatment, and he just got a little carried away not thinking where spot was. >>
What would you have done had she nullified the sale?
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Fred, Las Vegas, NV
<< <i>
<< <i>
<< <i>As the guy was writing up the sale, the store manager walked by and saw what he was doing. She asked him "Why are you selling those? We paid over $1700 for them! We're losing money on them both!". He just shrugged and kept writing.
I don't think he was supposed to bring them out.
No, it was meant to make you feel like you were getting a deal so you'll come back and buy more that they bought for way under spot. Don't be fooled.
Dealers don't stay in business for decades selling items for under $200 what they paid for it. >>
They didn't lose $200, but I don't doubt that they did lose some on the deal. I've known these guys for years, and they're the kind of place that pulls everything out of the cases when metals are falling, and puts it all back out when prices are back up.
The problem was that this guy knows that I'm a good wholesale customer (both buy & sell) that has dealt with them for years, so he was trying to give me special treatment, and he just got a little carried away not thinking where spot was. >>
What would you have done had she nullified the sale? >>
I would have been disappointed, but understood and let them out of it. I've done business with them for years, and continue to do so in the future. No need to let one deal gone bad kill a relationship.
Unfortunately, the counter guy probably got a tongue lashing after I left. I might not get as good of a deal the next time I'm there.
Bought a bunch of silver last week hoarding cash this week in anticipation of a long holiday weekend. A lot of news could come out this weekend metals might be cheaper next week.
People spend a lot of money on the first weekend of summer they may need to sell to raise cash next week, deals might start showing up Sunday night on ebay and craigslist
Any rise today will be nothing more than a head fake for a downturn Tuesday...never buy/hold going into a long weekend. You heard it hear first. Hope I'm dead wrong, but I really doubt I will be this time.
<< <i>A lot of news could come out this weekend metals might be cheaper next week.
Any rise today will be nothing more than a head fake for a downturn Tuesday...never buy/hold going into a long weekend. You heard it hear first. Hope I'm dead wrong, but I really doubt I will be this time. >>
ok, sounds good. But may buy a few more prospector coins for fun. Buck more than earlier this week, but I still need a fix. The sdb still has a little corner I can squeeze something in.
Its nice to see the PMs right in front on you. My retirement investments went down, but its sure nice to have the PMs in hand.
At this point I'm waiting for silver to drop again.If it does then I get rolls,if it doesnt I get my usual handful of coins.Either way I am happy.
"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
<< <i>At this point, I'm buying any and all deals I can scoop up. We might not be at the absolute bottom, but IMO we're pretty close. I'd rather catch it near the bottom, than miss the true bottom and buy after it has rebounded up significantly. >>
Yes! And if it goes down, I'll get more.
This was a good deal, and I got it. A man needs some protection over the holiday weekend!
10 EngelHard Prospectors..
(3 stagecoaches last night)
<< <i>At this point, I'm buying any and all deals I can scoop up. We might not be at the absolute bottom, but IMO we're pretty close. I'd rather catch it near the bottom, than miss the true bottom and buy after it has rebounded up significantly. >>
That is what I am doing. My total for yesterday was $300 face.
"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
ps. I would buy %90 on ebay because you can get some deals at or just under melt if you chase sales and bid at 3am. But I don't think I'll ever buy silver bullion at the price they have to sell it there. I bought some Stagecoach bars for $31 from NW mint, which was $39++ on ebay.
Anywho, the 6 beer sampler at the brewpub today helped me get past my PM addiction......
Any rise today will be nothing more than a head fake for a downturn Tuesday...never buy/hold going into a long weekend. You heard it hear first. Hope I'm dead wrong, but I really doubt I will be this time.
Yes! And if it goes down, I'll get more
This was a good deal, and I got it. A man needs some protection over the holiday weekend!
I'm starting to worry about the PM prices 'creeping up' already. I am hoping it holds a bit more. Only got one buy in the pure $27's. We'll see tuesday and if it drops again
Well, you certainly had some buying opportunity today, and I will add to what I said last week (really was on record here saying this since $33)...I think you're going to have plenty more. Silver aint doin' nothin' but heading down more imo.
I'm back to really thinking about shorting the hell out of SLV.
Let's see. It is almost June. November is, let's see - 5 months out. Metals usually slow down for the summer months.
Shorting may be ok in the near term, and your intuition may be correct. However...
The election is in, let's see - November, 5 months out. Surely the administration will do EVERYTHING to make the economy "look good" for the next 5 months, right?
That would mean money creation for more spending, I think. My former father-in-law had a funny saying, "there you go - thinking again".
And then, there's Europe. I can only absorb so much in 1 day's time about how badly Europe is screwed. I'd hate to be a German living in Germany now. Almost *everybody else* is going to be talking about how "cruel" you are, almost as if you were a Republican in the US.
Which always means that the politicians will vote for more free money, more benefits, more bank bailouts and more debt. Unfortunately, the math doesn't always work out, which is why we are seeing bond premiums jump again in Spanish debt, not to mention Greece and whatever they are doing.
Lather, rinse, repeat. Silver won't have to wait 30 years. I wouldn't be too short for too long. Not everyone's a cohodk.
I knew it would happen.
That's exactly the plan. Since I can't make anything on the physical right now, I'm forced to short to make some $. I don't need any more physical, I'm full. I'd rather short SLV and hopefully make a few bucks, then the physical is beat down to whatever it is at that time, then THAT is the time to buy the physical.