My neighbor bought a Monster Box of Eagles and 500 oz's of Buffalo rounds in 2010-ish when silver was in the high teens. Had an average of $19.50/oz in them. I tried my best to convince him to sell in April of 2011 at a standing offer of $48/oz for the whole bunch. Said he wanted to hang onto them for a little while longer. Could've made a cool $28.5K on 'em. He passed away in Jan 2013 and they're collecting dust in a SDB. His wife doesn't need the money and now that they're underwater they will probably rot in the SBD.
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
My neighbor bought a Monster Box of Eagles and 500 oz's of Buffalo rounds in 2010-ish when silver was in the high teens. Had an average of $19.50/oz in them. I tried my best to convince him to sell in April of 2011 at a standing offer of $48/oz for the whole bunch. Said he wanted to hang onto them for a little while longer. Could've made a cool $28.5K on 'em. He passed away in Jan 2013 and they're collecting dust in a SDB. His wife doesn't need the money and now that they're underwater they will probably rot in the SBD.
Hope that didn't play a part in his health and was the root cause of his death. Stress can be a biyitch.
To forgive is to free a prisoner, and to discover that prisoner was you.
<< <i>The one difference may be that I don't have any substantial income from Dec thru Feb, so I do sell some during those times, or sell, buy, sell and wash rinse and repeat to raise cash and try to give up as few ounces as I can. >>
I'm your huckleberry... >>
It's not Dec yet...but I'll keep this in mind...and have previously
<< <i>My neighbor bought a Monster Box of Eagles and 500 oz's of Buffalo rounds in 2010-ish when silver was in the high teens. Had an average of $19.50/oz in them. I tried my best to convince him to sell in April of 2011 at a standing offer of $48/oz for the whole bunch. Said he wanted to hang onto them for a little while longer. Could've made a cool $28.5K on 'em. He passed away in Jan 2013 and they're collecting dust in a SDB. His wife doesn't need the money and now that they're underwater they will probably rot in the SBD. >>
<< <i>Amazing to think that in early 2013 we were solidly over $30 and tubes of ASE were selling for $700. Just 21 months ago.
>>
Yeah, I miss the good ole days. Now I've actually need to do some research before buying or selling silver coins. >>
Or buying/selling any commodity. Au and Ag have been hit very hard but nearly every commodity is hurting. It's really something to watch - equities go higher and higher and commodities go lower and lower. Been this way for some time now.
<<Some here may sell to raise cash for other needs, but this is not the panic type crowd. Most members are pretty stable in their decision making. >>
I agree with this. I'll sell only if I need the money for something important, especially at these prices. Actually I'm thinking of buying some more.
Yup, this week was a pretty challenging week that has eaten up a bunch of cash for several unexpected misfortunes. This is the exact reason to have a good cash reserve, and all it really means in terms of precious metals for me is that any purchases have a longer time horizon. As much fun as it is to make new acquisitions, money management comes first. No reason to sell.
Q: Are You Printing Money? Bernanke: Not Literally
Cause you had a bad day You're taking one down You sing a sad song just to turn it around You say you don't know You tell me don't lie You work at a smile and you go for a ride You had a bad day The camera don't lie You're coming back down and you really don't mind You had a bad day You had a bad day
I had some ebay bucks to use and hadn't bought silver in a good while (I prefer the 90% stuff) - and did find some nice walkers and roosies. Surprised by the premium the 90% is commanding doing search on completed auctions. No complaints. I just love 90%. Those shoeboxes are heavy as puck vs. the gold bins.
OT: the key to keep those 8 to 10% bucks and coupons rolling in is to sell anything/something, just a few things, then stop for a while. Be sporadic. Play apathetic on selling.
But signup for the "newsletter" and "mystery deals" haha. Click 'em everyday even if you don't care about the 'specials'. I think they keep track of this.
2014 my little selling account has garnered a nice stash. That account has been a 'member' since 2003, total feedback about 300.
derryb can probably give more good advice, but this has been working for me.
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.
Got back into numismatics at the turn of the century after a 25 year hiatus. hiatus ? Did I spell that correctly ? Creighton Prep I should have studied harder and gone to college.
My thinking is people have bad days. Coins (silver) just sits there. So collect the coins you like, if you like coins. If you like silver as an investment : Here is my story :
I was buying for $7 per ounce (in bulk) when I first started competing with the "DEALERS" in town around 2004 IIRC ….And since I came back in to collecting a different way than I left it almost 40 years ago (shows / b&m shops/ gun shows/ flea markets/ garage sales/ ) 15 years ago [not looking at "intrinsic", but numismatic] ,via EBAY : That is online Buying / Selling / Trading barbs through feedback ; there were GREAT opportunities. I'm no huckster. I put my money where my mouth is and have lost plenty doing so. Did I type that correctly ? Lost plenty doing so ? I could not have known that just a few years later it would skyrocket and double to $15 per ounce by 2007. Bought a coin shop in '09 when silver was $10. Silver has had one day at a time for centuries. There are good buys and there are bad guys…. But , if you collect the coins you like, your silver will always appreciate in your hand, and nobody else's.
In short: Silver as a commodity is a risky venture. As a hobby, it's the same old _ _ _ _.
I also sold in 2011 at $40. Most of my stackable silver, mostly rolls of ASEs bought in the $12-$14 range. Unfortunately, I have a few ATBs bought in the $30 range. These are doing poorly on ebay now, except maybe the Hawaii ones.
<< <i>Unfortunately, I have a few ATBs bought in the $30 range. >>
We are in good company but "our day will come" ... relatively low mintage's compared to the ASE's. As a whole, the designs are good and stand out much better on the 5 oz pucks. I know I'm going to get a lot of flak with the following comment. "I would not mind seeing the Mint coming out with a colorized version of the 5 oz puck"
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>My question is different. What can make PMs to start a new rally? >>
demand outstrips the supply ... weak US dollar .... potential return is once again favored by the paper speculators.... Right after the silver stackers throw in the towel & liquidate. Turn around will happen when least expected.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Yeah, silver is a great deal. More of it being used by industry. Less available. Poor mans gold. It will go to hundreds of dollars. Get what you can. Mining problems will make it soar. Look at the charts, as they indicate a climb, a breakout. There's proof. It went as high as $49 and the next peak is coming. See what happened in 2008. Wait for the bottom, which one? Wait for the upswing, which one? Wait for the top. Its the dollar. Supply and Demand. The price is fixed. Read the articles because they know. It will turn around soon.
Cause you had a bad day . . . You're coming back down and you really don't mind You had a bad day You had a bad day
Just be extra careful with your money and wealth management and investing folks. Watch the stock market for the corrections coming as well. If you think its a good time then go ahead and buy. If you are worried and have second thoughts then listen to those feelings. If you have extra money to invest or speculate with that is good. Just don't blow you safety blanket on a whim. Make decisions wisely, up to your skill and experience level.
Comments
<< <i>
<< <i>I believe the real question is, are any of you panic selling? >>
I took rawteam's advice and sold it on CraigsList for $100 a roll!
Lol, yea u missed the notice along time ago, the retail to retail business model is a set up for mass failure...
Too many positive BST transactions with too many members to list.
<< <i>Amazing to think that in early 2013 we were solidly over $30 and tubes of ASE were selling for $700. Just 21 months ago.
Yeah, I miss the good ole days. Now I've actually need to do some research before buying or selling silver coins.
Hope that didn't play a part in his health and was the root cause of his death. Stress can be a biyitch.
<< <i>
<< <i>The one difference may be that I don't have any substantial income from Dec thru Feb, so I do sell some during those times, or sell, buy, sell and wash rinse and repeat to raise cash and try to give up as few ounces as I can. >>
I'm your huckleberry... >>
It's not Dec yet...but I'll keep this in mind...and have previously
<< <i>My neighbor bought a Monster Box of Eagles and 500 oz's of Buffalo rounds in 2010-ish when silver was in the high teens. Had an average of $19.50/oz in them. I tried my best to convince him to sell in April of 2011 at a standing offer of $48/oz for the whole bunch. Said he wanted to hang onto them for a little while longer. Could've made a cool $28.5K on 'em. He passed away in Jan 2013 and they're collecting dust in a SDB. His wife doesn't need the money and now that they're underwater they will probably rot in the SBD. >>
And the cycle repeats yet again..
Knowledge is the enemy of fear
<< <i>3 year buy cycle starts today... >>
My inclination to buy is growing increasingly stronger. From here to 25 is about 50%. Lots of well meaning folks will be getting back to even then.
Knowledge is the enemy of fear
<< <i>
<< <i>Amazing to think that in early 2013 we were solidly over $30 and tubes of ASE were selling for $700. Just 21 months ago.
Yeah, I miss the good ole days. Now I've actually need to do some research before buying or selling silver coins.
Or buying/selling any commodity. Au and Ag have been hit very hard but nearly every commodity is hurting. It's really something to watch - equities go higher and higher and commodities go lower and lower. Been this way for some time now.
<< <i>3 year buy cycle starts today... >>
You might consider waiting until after the elections
<< <i>
<< <i>3 year buy cycle starts today... >>
You might consider waiting until after the elections >>
Why?
I agree with this. I'll sell only if I need the money for something important, especially at these prices. Actually I'm thinking of buying some more.
Yup, this week was a pretty challenging week that has eaten up a bunch of cash for several unexpected misfortunes. This is the exact reason to have a good cash reserve, and all it really means in terms of precious metals for me is that any purchases have a longer time horizon. As much fun as it is to make new acquisitions, money management comes first. No reason to sell.
I knew it would happen.
You're taking one down
You sing a sad song just to turn it around
You say you don't know
You tell me don't lie
You work at a smile and you go for a ride
You had a bad day
The camera don't lie
You're coming back down and you really don't mind
You had a bad day
You had a bad day
Its how many will be buying like crazy in the mid to high $20's when the rush starts.
Just have to decide where you want to be. Risk is the name of the game.
OT: the key to keep those 8 to 10% bucks and coupons rolling in is to sell anything/something, just a few things, then stop for a while. Be sporadic. Play apathetic on selling.
But signup for the "newsletter" and "mystery deals" haha. Click 'em everyday even if you don't care about the 'specials'. I think they keep track of this.
2014 my little selling account has garnered a nice stash. That account has been a 'member' since 2003, total feedback about 300.
derryb can probably give more good advice, but this has been working for me.
Silver rose too fast too quickly I just had to sell (and I am glad I did.)
My thinking is people have bad days. Coins (silver) just sits there.
So collect the coins you like, if you like coins. If you like silver as an investment : Here is my story :
I was buying for $7 per ounce (in bulk) when I first started competing with the "DEALERS" in town around 2004 IIRC
….And since I came back in to collecting a different way than I left it almost 40 years ago (shows / b&m shops/ gun shows/ flea markets/ garage sales/ ) 15 years ago [not looking at "intrinsic", but numismatic] ,via EBAY : That is online Buying / Selling / Trading barbs through feedback
I could not have known that just a few years later it would skyrocket and double to $15 per ounce by 2007. Bought a coin shop in '09 when silver was $10. Silver has had one day at a time for centuries. There are good buys and there are bad guys…. But , if you collect the coins you like, your silver will always appreciate in your hand, and nobody else's.
In short: Silver as a commodity is a risky venture. As a hobby, it's the same old _ _ _ _.
There it is. On a silver platter.
Box of 20
<< <i>Unfortunately, I have a few ATBs bought in the $30 range. >>
We are in good company but "our day will come" ... relatively low mintage's compared to the ASE's. As a whole, the designs are good and stand out much better on the 5 oz pucks.
I know I'm going to get a lot of flak with the following comment. "I would not mind seeing the Mint coming out with a colorized version of the 5 oz puck"
Again, sometimes luck is good to have!
<< <i>I might also add, I bought my first home October 2011. I am glad I did because I could not afford to purchase it at its current value.
Again, sometimes luck is good to have!
Luck is a very good thing. A wise man once said, "I'd rather be lucky than good any day".
$15.88 at the moment and I'm glad I unloaded a few hundred ounces when it was over $30 myself; and like you ChrisRx....it was mostly luck.
Any guess where the bottom might be?
<< <i>And the carnage continues....silver @ $15.16 as I post this at 7:26 EST.
Any guess where the bottom might be? >>
If I look at the 10-year chart, it may easily go under $10. I am no chartist neither I know if it makes sense to look at that chart.
My question is different. What can make PMs to start a new rally?
<< <i>My question is different. What can make PMs to start a new rally? >>
demand outstrips the supply ... weak US dollar .... potential return is once again favored by the paper speculators....
Right after the silver stackers throw in the towel & liquidate.
Cause you had a bad day
.
.
.
You're coming back down and you really don't mind
You had a bad day
You had a bad day
Just be extra careful with your money and wealth management and investing folks. Watch the stock market for the corrections coming as well. If you think its a good time then go ahead and buy. If you are worried and have second thoughts then listen to those feelings. If you have extra money to invest or speculate with that is good. Just don't blow you safety blanket on a whim. Make decisions wisely, up to your skill and experience level.
Enjoy