Fair Warning: Just Ordered
AcesCracked
Posts: 189 ✭✭
Just ordered a 2013 Monster Box so you can blame me if it goes down another two bucks.
Keep Stackin
Tom
Keep Stackin
Tom
0
Comments
also, congrats on the big purchase
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
"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
best of luck to all bettors reading this, no matter which horse(s) they pick
Liberty: Parent of Science & Industry
<< <i>"insured" is one word choice. Another word choice might be "gambled"
best of luck to all bettors reading this, no matter which horse(s) they pick >>
Under this logic, wouldn't doing nothing (ie sitting in cash) also be gambling? If so, what is a true investment vs a gamble? Stocks? Bonds? Education? Guns? Food? Lightbulbs? What?
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
"Rescued" is my word of choice.
I knew it would happen.
<< <i>
<< <i>"insured" is one word choice. Another word choice might be "gambled"
best of luck to all bettors reading this, no matter which horse(s) they pick >>
Under this logic, wouldn't doing nothing (ie sitting in cash) also be gambling? If so, what is a true investment vs a gamble? Stocks? Bonds? Education? Guns? Food? Lightbulbs? What? >>
that's the point! They're ALL gambles!
Liberty: Parent of Science & Industry
<< <i>You can eat silver, and I haven't seen any grocery store willing to sell food for silver eagles around here. >>
Yes you can but the nutritional value is low.
<< <i>You can eat silver, and I haven't seen any grocery store willing to sell food for silver eagles around here. >>
Left wing answer, you are missing a step.
<< <i>
<< <i>You can eat silver, and I haven't seen any grocery store willing to sell food for silver eagles around here. >>
Yes you can but the nutritional value is low.
Actually, from what I read, Silver is a great fighter of free radicals in your body (Of course in limited quantities, I know someone is going to chime in with the fact that we can not eat 100 pounds of silver and that it's not good for you and will kill you).
That said, have you seen the statistics on water consumption? As it turns out, 100% of people that consume water die! That's not all, it gets worse... 100% of all rapists are water drinkers, and every mass murderer to ever have existed has been a consumer of water...
What does this tell us?
<< <i>Just ordered a 2013 Monster Box so you can blame me if it goes down another two bucks.
Keep Stackin
Tom >>
Sorry, got side tracked there for a moment... Back on topic. Congrats on your box, is this your first? I wish I had the bread to put down on a loaf of silver...
Then silver recovered a little bit and hope overseas we see a 22 dollar return........
Derry if I ever meet you I owe ya a few beers you just saved me a grand....... I'll even have one for ya LOL
Tom
My comments are always towrd the bears camp the past 6 months, I am just not sold on a return to high PM prices, at least for many years down the road.
<< <i>I had a box of 2009 and 2010 but when silver hit 40 I sold them so it was time to get back in. Talked to Derry when it was 12,800 a few weeks ago and he told me that he thought it may dip a bit more. 12K was my magic number and got it this morning at 11,780 shipped. I have always used JM Bullion as they beat DBS by about 100 bucks. Both have free shipping.
Then silver recovered a little bit and hope overseas we see a 22 dollar return........
Derry if I ever meet you I owe ya a few beers you just saved me a grand....... I'll even have one for ya LOL
Tom >>
Will probably dip even further.
But a good insurance policy is a good insurance policy.
"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>I had a box of 2009 and 2010 but when silver hit 40 I sold them so it was time to get back in. Talked to Derry when it was 12,800 a few weeks ago and he told me that he thought it may dip a bit more. 12K was my magic number and got it this morning at 11,780 shipped. I have always used JM Bullion as they beat DBS by about 100 bucks. Both have free shipping.
Then silver recovered a little bit and hope overseas we see a 22 dollar return........
Derry if I ever meet you I owe ya a few beers you just saved me a grand....... I'll even have one for ya LOL
Tom >>
I personally have benefited from derryB's insights also.
I'll join in buying him a beer!
Best.
<< <i>Actually, from what I read, Silver is a great fighter of free radicals in your body (Of course in limited quantities, I know someone is going to chime in with the fact that we can not eat 100 pounds of silver and that it's not good for you and will kill you).
That said, have you seen the statistics on water consumption? As it turns out, 100% of people that consume water die! That's not all, it gets worse... 100% of all rapists are water drinkers, and every mass murderer to ever have existed has been a consumer of water...
What does this tell us? >>
And if you'll recall: the Lone Ranger used only silver bullets.
Here's a warning parable for coin collectors...
He could've had 4 Monster boxes if he rebought.
Some play, some hold. Nothing wrong with either or both if you know what you're doing and have it to risk.
Too many positive BST transactions with too many members to list.
sold all USLV at 68.41, now 100% in cash.
Non IRA account only:
bought DSLV at 43 for overnight ride. now 50% in DSLV, 50% in cash. Sorta doubling down with the USLV profits. (edited to add: sold next morning at 44.05)
Brokerage accounts require 3-4 days to settle funds. In IRA accounts anything bought with unsettled funds cannot be sold until funds settle (IRS law). Best to never use unsettled funds for buying in an IRA account if you want to keep your shirt. Let IRAs sit safely in cash until funds settle then use them to buy knowing you can sell immediately.
"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
Make trades in a margin account.
Knowledge is the enemy of fear
<< <i>My neighbor who just passed away has 2 Monster boxes that he had me purchase for him and has right at $20/oz in them. I tried my best to get him to sell them (and even lined up a buyer @ $48/oz) in April 2011. Alas, he didn't sell.
He could've had 4 Monster boxes if he rebought.
Some play, some hold. Nothing wrong with either or both if you know what you're doing and have it to risk. >>
AND, live to realize the gains.
"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>I had a box of 2009 and 2010 but when silver hit 40 I sold them so it was time to get back in. Talked to Derry when it was 12,800 a few weeks ago and he told me that he thought it may dip a bit more. 12K was my magic number and got it this morning at 11,780 shipped. I have always used JM Bullion as they beat DBS by about 100 bucks. Both have free shipping.
Then silver recovered a little bit and hope overseas we see a 22 dollar return........
Derry if I ever meet you I owe ya a few beers you just saved me a grand....... I'll even have one for ya LOL
Tom >>
Tom,
I think you have made some nice deals, well done. I wish I had done the same when it went above $40 a couple years ago.
FYI John Maben (active forum member) and owner of Modern Coinmart has had some good monster box prices the last couple of months FYI.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
<< <i>Brokerage accounts require 3-4 days to settle funds
Make trades in a margin account. >>
I use a non-IRA margin account as well as multiple IRA accounts. Because a margin account inherently maintains loans, IRAs are not allowed to be structured as margin accounts and trading in them is limited when it comes to unsettled funds. Like I said, in IRA accounts anything bought with unsettled funds cannot be sold until funds settle (IRS law). Best to never use unsettled funds for buying in an IRA account if you want to keep your shirt. Let IRAs sit safely in cash until funds settle then use them to buy knowing you can sell immediately.
"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
keep stacking
Tom
<< <i>
<< <i>Brokerage accounts require 3-4 days to settle funds
Make trades in a margin account. >>
I use a non-IRA margin account as well as multiple IRA accounts. Because a margin account inherently maintains loans, IRAs are not allowed to be structured as margin accounts and trading in them is limited when it comes to unsettled funds. Like I said, in IRA accounts anything bought with unsettled funds cannot be sold until funds settle (IRS law). Best to never use unsettled funds for buying in an IRA account if you want to keep your shirt. Let IRAs sit safely in cash until funds settle then use them to buy knowing you can sell immediately. >>
Why not simply maintain a certain amount in cash or are you 100% invested? Unless I misunderstood him, my broker says that I cannot use unsettled funds to purchase other stocks. If I have 100K in ACME Corporation, I can't sell it and then buy other securities with the proceeds until T +3 days have passed. By unsettled funds, I assume you mean those generated from a sale of securities, stocks, etc.
<< <i>
<< <i>
<< <i>Brokerage accounts require 3-4 days to settle funds
Make trades in a margin account. >>
I use a non-IRA margin account as well as multiple IRA accounts. Because a margin account inherently maintains loans, IRAs are not allowed to be structured as margin accounts and trading in them is limited when it comes to unsettled funds. Like I said, in IRA accounts anything bought with unsettled funds cannot be sold until funds settle (IRS law). Best to never use unsettled funds for buying in an IRA account if you want to keep your shirt. Let IRAs sit safely in cash until funds settle then use them to buy knowing you can sell immediately. >>
Why not simply maintain a certain amount in cash or are you 100% invested? Unless I misunderstood him, my broker says that I cannot use unsettled funds to purchase other stocks. If I have 100K in ACME Corporation, I can't sell it and then buy other securities with the proceeds until T +3 days have passed. By unsettled funds, I assume you mean those generated from a sale of securities, stocks, etc. >>
unsettled funds can be used to make a purchase in an IRA account. However, what is purchased with the unsettled funds cannot be sold until the funds used to purchase it (an earlier sale) have settled. While the forbidden sale can be made and executed, it will violate IRS rules on IRA accounts and bring the wrath of the brokerage company. Scottrade gives a warning for the first violation.
"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
In IRA accounts this is true. However in a brokerage account, you can trade before the trade is settled but the trade will occur in a margin account where you will be charged interest on the margin load for a few days. With rates so low this interest can be miniscule.
Knowledge is the enemy of fear
<< <i>If I have 100K in ACME Corporation, I can't sell it and then buy other securities with the proceeds until T +3 days have passed.
In IRA accounts this is true. However in a brokerage account, you can trade before the trade is settled but the trade will occur in a margin account where you will be charged interest on the margin load for a few days. With rates so low this interest can be miniscule. >>
Is there any reason why in this day and age that e trades cannot closed/settled in < 3 days, esp. if your broker/custodian holds your shares in street name?