Bullion Investing forum has went down hill

There is nothing magical about 10k if they gave him a check. Only with cash does anything need to be documented at 10k. At work every week we write six figure checks, many times seven figure, as do many businesses.

 

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Have you tried to buy from any of the bigger bullion sellers since our new law went into effect? Since many out of state businesses are refusing to sell to us now in MN, I wonder how APMEX, JMBullion, etc are handling it. I'd like to hear some recent experiences from fellow Minnesotans.

 

No sir I haven't. The main bullion I have bought has been gold coins and a large batch of silver from a local dealer.

 

Any coincidental coin trades aside, I'm genuinely curious to know how many silver stacker bullionists on CT are claiming to have "sold the stash" when Silver was over $40.

That just seems so out-of-character....

so who here went to Woodstock?
http://www.musicradar.com/us/news/guitars/11-gigs-everyone-claims-to-have-attended-585025

 

I remember some people saying they converted silver to gold because of where the ratio was at. I wonder if any of them have converted some of that gold back to silver now?

 

I'm curious to know what retail stackers are trying to flip bullion this way, and what their willy-nilly losses are. That strategy might be suitable as a paper trade for pros, but I suppose amateur PM "traders" will get burned more often than not.

Don't play with money you cannot afford to lose!

 

Unless you are just trolling, please explain your opinion?

They way I understand it seemed to make a lot of sense. Why not flip 35 ounces of silver into one ounce of gold during good times, since most want to own gold anyways. You are still holding PM's. When things are where they are now, you can balance your silver holdings again getting double the ounces back. You still hold more gold than before, as you just have to flip half of it back to silver???

 

I don't think most retail dealers will agree to what you want, simple repeated swaps w/ no cost to you and aggravation to them. They're businessmen too.

Bullion flipping retail? Premiums will kill ya I think. I don't have proof of this, however obvious it seems.

Don't you see why trading paper is much cheaper and easier? And so, find the automated programs and day-traders who did so?

 

Del Pinto,

You are welcome to your own opinion. A discussion would probably be more usueful though.

As for paper trading, if that's your thing then go for it. Maybe even explain why.

 

Woodstock didn't end. It merged with wallstreet

 

isaiah58-
I'm glad you respect and understand that another's "opinion" (aka 'common sense') isn't "trolling."

What you are attempting was classically termed arbitrage ; professionals do this all the time. Some win, some lose. But if you (retail little guy) don't understand it, then you probably shouldn't try it. As I wrote, amateurs shouldn't play with money they cannot afford to lose ... because they probably will. Even my grandma understood this.

Don't take my word for it. Test out your retail premise, yourself. Call a number of LCS and make the following offer:

1) "I have 1 AGE to trade for X number of ASEs par spot both metals. Trade with no premiums?"
2) "I also want to trade back, at a later date of my choice, X-n of ASEs for 1 AGE : again, at par spot both metals. Would this be acceptable to you?"
3) "Furthermore, I'd like to repeat this reverse trade in the future. Are you interested in this arrangement?"

You are trying to outfox the LCS; do you really think he's never heard of this? Or instead of one dealer, you might better find multiple partners for such a scheme: good luck with that! So, in all likelihood you're back to trading/buying &selling retail with real world costs. Might as well try flipping bullion retail - please report back how successful that is for you, over time. Lots of those guys apparently quit posting here - that's WHY, the topic of this thread.

(Hint: though still NOT advisable to noobs, you can "play" this investment strategy at a much much cheaper rate in paper, and without the hassle of finding dance partners.)

Since no one mentioned it, the title of this OP "Bullion Investing Forum has went downhill" is wrong ; the correct form is "... done gone ...."

 

Don't deal with coin shops deal private problem solved

 

So - out of the 'Land of Make-Believe' and back in the real world - what nonprofessional posting here has actually arbed the PMs at a cost-free swap more than once? I'm willingly to listen - links please.

Dates and trades confirmed, plus full cost basis; otherwise it's just troll jibberjabber.

The Trade forum has a couple of offers, no idea if anyone swapped.
https://www.cointalk.com/threads/silver-for-gold-need-the-room.239143/

 

I'm a fan of the hard asset swap. I don't know that everyone is expecting to move coins around at spot. I would still expect to receive the discount on my sale, and to pay the markup for my purchase. When I've penciled it out, there has to be about a ten percent upside to the trade to cover costs. Beyond that, you're looking at profit finally. Not easy, and certainly not a frequent opening the way the markets have been going.

But once every 3-4 years would be nice. Paper has it's pros and cons too. I remember trading in the SLV when silver was in it's last few days of ascension to $49. There was a day when silver spiked another 8% and the SLV didn't budge because a mega trader flooded the options in SLV. Don't remember exactly which way that trade went, but the ETF missed one of the biggest last moves in silver.

 

There are people on bullion stacker that trade gold for silver all the time at what ever the ratio is like 1 oz of gold for 76 oz of silver

 

I know you speak the truth, SD51555, but the internet says you're wrong lol

Maybe some amateur here has actually executed and can confirm a prior profitable (Au-Ag-Au) bullion swap with dates& ounces?

 

It's pretty common as i stated in my other post

 

sure, you guys are dealing with strangers in transactions over 10 grand. a few ounces here and there are hardly worth it.

 

Here's the first one I've done from June 2014. I swapped a pamp 1oz platinum for a pamp 1oz gold. At this time, the spread on gold/platinum was around $175. I ended up getting my gold and a check for around $100.

I'm not saying I'm a wizard or going to get rich off this. It's the sport of it, and knowing that I took my small profit down to the local bullion dealer and got 5 oz's of silver with my profit to put next to my new gold bar.

I think we are perhaps missing one another on the language. When I say "trade", I'm talking about a sell/buy transaction in one visit, not a "I'll offer you x silver for y gold."

 

still dont know why people still deal with dealers unless is some screaming deal other than that i dont mess with retail