Message:

<p>[QUOTE=&quot;tom bronco, post: 2517586, member: 81055&quot;]But for the future does anyone have any insight on how dealers change their buy and sell rates.&nbsp; When silver is hot what happens.&nbsp; When it drops low what happens?&nbsp; I am tempted to bail on this dealer and just go back to doing business with Online Website where rounds are 99 cents over and sometimes better and they buy back at spot.&nbsp; Only drawback is while selling back it has to be over a $1,000.00.&nbsp; I want a more flexible option to sell back at.[/QUOTE]IMHO silver is a very long term play if you are trying to make money buying and selling generic silver or 90%. Buying and selling from month to month in silver is like being a day trader in the stock market. </p><p><br /></p><p>In a falling price market like we have had for the last four years until recently, the silver you buy today is almost always going to be worth less in a week. There are flucuations that occur where you could make a half a point to a point but they are rare and in-between. </p><p><br /></p><p>Be aware of the historical record of silver prices. See where they have peaked at and how they stayed at that high point. Look at the lows and where the price was 8 to 10 years ago. There is a very nice gap there but you would have to have bought at the lows and then held 8 years to cash in. If only we had some way to know where the next highs and lows are you could really cash in but of course we are only guessing. </p><p><br /></p><p>Even now when we are finally beginning to see the beginning of an upward market, please, please, to buy silver this month and expect to have to sell it next month for your cash flow is just not a good move. As you have noticed silver still jumps around from a half point to a point in a very short period of time. </p><p><br /></p><p>I have been in the game (and that&#039;s what it is only we don&#039;t know the rules) for three and a half years and haven&#039;t sold any of the generic silver as my LCS won&#039;t even touch it. He deals only with ASE&#039;s, Maple Leafs and occasionally Philharmonics. In fact the only thing I have sold is one tube of ASE&#039;s that I was lucky enough to buy at 15.00/oz. If the price ever gets to the over 25 range I will consider selling a little more but it would have to be 30 or more to get me to sell a lot.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in