Silver to buy and hold or get rid of it!

THEONLYTBONE · February 25, 2006 12:34AM

OK, I have been weighing my options for the last 3 weeks, I can sell what I have at a 90% profit "it was given to me" and I have had or bought the other 10 %, anyway I can walk in any dealers shop and buy what he has below what I can sell it for on e-bay by a little more than a point 1.5 times................. I am not selling him my stuff, but am weighing the idea of driving around buying silver today..........

Whats everyone think?...............I am thinking up to 2 grand or something and selling it next week......

MrKelso · February 25, 2006 1:07AM

Buy

roadrunner · February 25, 2006 1:21AM

I don't know if silver is a good buy today at $9.70 or so an ounce.
But in the long term, silver has a large potential upside to get back to the levels it once trolled at. Inflation-adjusted prices would take it at close to $35/oz today. Eventually, I don't see how it cannot get back to those levels...with $100-200/oz being possible. Everything works in cycles. 20 years out of favor means opportunity.

roadrunner

THEONLYTBONE · February 25, 2006 1:27AM

Well I know where I live, these shops are paying 5.5 face and a couple are at 6 face, the 5.5 face sells at 6 to 6.2 and the 6 face said 6.5.............................I know there are people on the board paying that plus more, e-bay's getting over 7..............

topstuf · February 25, 2006 1:33AM

If you can sell on ebay for 7x (don't forget fees and hassle) and still make 1.5x on the buys, you gotta be out there NOW. Not reading this.

However, I can't IMAGINE the "dealer" who would .....sell...... 90% for 5.5x to make that difference of 1.5

I know I would have unlimited funds to buy silver at under 6x delivered. It will not happen.

Unless I misread your question.

THEONLYTBONE · February 25, 2006 1:40AM

Topstuff, I can buy silver at 5.5 to 6.5 today...................Are you thinking the same as me?..........Why I am here?

roadrunner · February 25, 2006 1:44AM

Yes, why are you here? Bid levels are around 6.7X buy CDN at spot.
Anything at 6X and under is a rip.

roadrunner

MORGANHUNTER2 · February 25, 2006 1:46AM

Are you buying bullion silver or culled coinage?
If it's bullion- I think you would want to hit up on someone like APMEX or go to Kitco's site and hunt, but if it's a dealers junk bin of 90% and he is going face x 5.5%- I'd walk away.
JMHO.

THEONLYTBONE · February 25, 2006 1:51AM

<< <i>Are you buying bullion silver or culled coinage?
If it's bullion- I think you would want to hit up on someone like APMEX or go to Kitco's site and hunt, but if it's a dealers junk bin of 90% and he is going face x 5.5%- I'd walk away.
JMHO. >>

Right now, I called 4 diffrent delears and they are saying they have bars to coins, and thats all that comming in...........

topstuf · February 25, 2006 4:10AM

Take a really HUNGRY.....or BROKE..... or CRAZY dealer to sell at 5.5x

ATTENTION: Get out there an GIT it!

THEONLYTBONE · February 25, 2006 4:41AM

LOL............He caught on to what I was doing, but still kept his word, and NO more after what I tell you..................LOL.....

oreville · February 25, 2006 7:36AM

Four weeks ago we picked up $80 of face value silver at FACE VALUE. Included one walker, one Franklin and the rest 1964 Kennedies.

Plus $110 in 40% silver Kennedies.

Inside a new bank box of $500 halves.

The way to go.

SlangNRox · February 25, 2006 8:29AM

<< <i>Four weeks ago we picked up $80 of face value silver at FACE VALUE. Included one walker, one Franklin and the rest 1964 Kennedies.

Plus $110 in 40% silver Kennedies.

Inside a new bank box of $500 halves.

The way to go. >>

Wow

thats a lot of silver to come out of a $500 box of halves

max911 · February 25, 2006 12:30PM

Another place to look for look for silver under the market price is ebay. According to the market price of silver on Friday, a roll of old quarters is worth $70, and they routinely sell in the low $60's and sometimes less than that. Sure beats paying a premiun for SAE's.

coinpage · February 26, 2006 1:26AM

<< <i>Buy

>>

Yes, Buy

cullenbryant · February 26, 2006 7:31AM

It's a good time to buy imo.

tincup · February 26, 2006 8:01AM

I'm holding on to mine for awhile. That silver horse has a long ways to run yet.... and hasn't even started to gallup!

But in my situation.... I don't have to cash in for any reason.... and so can afford to wait and ride that pony for awhile yet. Others may want to capture some of that gain that we've already seen. The one thing that seems to different now... when silver does drop a few percentage points.... it doesn't stay down for long. Two or three days later it rebounds right back. Been following that trend for some time now, so seems want to keep climbing.

And I don't see the world situation changing any time soon that would cause silver to drop in a downward trend.....

Silver to buy and hold or get rid of it!

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