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<p>[QUOTE="OldGoldGuy, post: 2126216, member: 72697"]Out of curiosity, when you say you should pick up some silver, because it is relatively low (something I pretty much agree with), how much silver are we talking about picking up at this coin show? When and to whom do you plan on selling said silver?</p><p><br /></p><p>I do have a reason I ask. It may help put into perspective how many and how large of a transaction machine you need to keep fueling. Let's say you were making a bullion play. 1000 oz. One big hunkin' bar. You know something; something we don't, something that is going to happen in the next week. Silver is going up, for sure. And it does. Let's say $1. And you sell it right back to the j'moke that sold it to you. We are assuming you both gave each other the "dealer special" price. Same amount above or below spot to one another each way. You make $1000. Minus your expenses to and from the show, show costs, whatever. Call it 900. In a week, on a lucky bullion guess, you invested just under let's say 20k, and you made 900. I can't live on 900/week. So at best, you keep churning the 20k and making 900. Subtract out the weeks it went down. I'm not even saying you lost on those weeks, just that your little bullion j'moke at the show exchange couldn't occur because you predicted this particular week, it was going down. Your profit, and zero growth, stink. And by "your", I do honestly mean "one". This is just a bullion example with simple, communicable numbers because you said something about buying silver. Now, factor numismatics without much experience, and I am pretty sure every member will agree that would be an uphill, craggy, slippery, windblasted, hill-mountain to climb....blind, deaf and frostbitten. I am saying it is unlikely. Not impossible, humans are amazing creatures when they focus, but unlikely.</p><p><br /></p><p>Let me suggest something. It can apply outside numismatics too. Find some coin, some series, some time period, some year or period specific thing, and collect THAT. Read about it first, ALOT. Buy the highest quality coins you can comfortably afford. Buy them right. Don't get attached. Flip them as frequently as you can at a decent and fair profit. Go the extra mile for people that buy from you. Sell and buy cleanly, no games. Aside from the occasional setback, you will do fine. But more importantly, you will be doing something you are passionate about, and at the least, will have enjoyed your time.[/QUOTE]</p><p><br /></p>
[QUOTE="OldGoldGuy, post: 2126216, member: 72697"]Out of curiosity, when you say you should pick up some silver, because it is relatively low (something I pretty much agree with), how much silver are we talking about picking up at this coin show? When and to whom do you plan on selling said silver? I do have a reason I ask. It may help put into perspective how many and how large of a transaction machine you need to keep fueling. Let's say you were making a bullion play. 1000 oz. One big hunkin' bar. You know something; something we don't, something that is going to happen in the next week. Silver is going up, for sure. And it does. Let's say $1. And you sell it right back to the j'moke that sold it to you. We are assuming you both gave each other the "dealer special" price. Same amount above or below spot to one another each way. You make $1000. Minus your expenses to and from the show, show costs, whatever. Call it 900. In a week, on a lucky bullion guess, you invested just under let's say 20k, and you made 900. I can't live on 900/week. So at best, you keep churning the 20k and making 900. Subtract out the weeks it went down. I'm not even saying you lost on those weeks, just that your little bullion j'moke at the show exchange couldn't occur because you predicted this particular week, it was going down. Your profit, and zero growth, stink. And by "your", I do honestly mean "one". This is just a bullion example with simple, communicable numbers because you said something about buying silver. Now, factor numismatics without much experience, and I am pretty sure every member will agree that would be an uphill, craggy, slippery, windblasted, hill-mountain to climb....blind, deaf and frostbitten. I am saying it is unlikely. Not impossible, humans are amazing creatures when they focus, but unlikely. Let me suggest something. It can apply outside numismatics too. Find some coin, some series, some time period, some year or period specific thing, and collect THAT. Read about it first, ALOT. Buy the highest quality coins you can comfortably afford. Buy them right. Don't get attached. Flip them as frequently as you can at a decent and fair profit. Go the extra mile for people that buy from you. Sell and buy cleanly, no games. Aside from the occasional setback, you will do fine. But more importantly, you will be doing something you are passionate about, and at the least, will have enjoyed your time.[/QUOTE]
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