Now is the time to sell homies

Discussion in 'Bullion Investing' started by Eminem, Sep 27, 2014.

  1. xGAJx

    xGAJx Happy

    wrong, he still speaks ghetto.
     
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  3. rickmp

    rickmp Frequently flatulent.

    He's bilingual.
     
  4. slackaction1

    slackaction1 Supporter! Supporter

    I will say one thing he sure can take allot of mouth.........better than I could without getting disciplined from the moderators.............. just sayin...............wrong or right I still am learning from the thread though................
     
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  5. xGAJx

    xGAJx Happy

    not as much as Profit Man.
     
  6. Numismania

    Numismania You hockey puck!!

    Man, if taking Ecstacy is now the definition of taking a 'chill pill', now I am in full understanding of why he's been selling in a down market. Sell silver low, sell 'E' high. Do we really need someone that freely talks about taking 'E' on these boards? A SUPERB influence on YN's. But, what would one expect from someone from the 'hood'??
     
  7. fred13

    fred13 Junior Member

    Haters gonna hate homie
    Keep keepin it real ma du and don't let the ogs shake you
     
  8. CJinAustin

    CJinAustin Member

    I do wonder if we are at the beginning of another 2-week rebound, where prices wil rise by about a $1 or $2 before falling lower than before.

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  9. Revi

    Revi Mildly numismatic

    It's possible, or maybe silver will take off. Hard to tell...
     
  10. Eminem

    Eminem Active Member

    Homie silver can only go one way-- down. It's called gravity dawg
     
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  11. Revi

    Revi Mildly numismatic

    Well dawrg, I beg to differ. There is still demand out there, and it will eventually lead to higher prices, in my humble opinion.
     
  12. Briguy

    Briguy Collector 4 Life

    I've been buying a little here and there only because I feel that it won't drop under $15 and cause I love the look of silver in my collection.
     
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Silver does not affect any virus activity except Herpes Simplex (I) human fever blister virus, and very poor effectivity at that ( and it turns your mouth black in sunlight), certainly not ebola ( a virus). Knowledge is what is needed if there is an ebola outbreak.
     
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  14. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Come on guys , either ignore him or if you can , bring in material from other than pure bullion sites/dealers to refute what he is saying. He is just leading you around and you are following. No response and most lose interest.
     
  15. Ned

    Ned Junior Member

    I sold all of my 90% silver today ($43.00 dollars face value), for melt. My gut tells me that silver is still going to drop a lot more.
     
  16. legacya

    legacya New Member

    I think there is still some downside here, but not too much. Prices here are not sustainable. First Majestic has already withheld 35% of their silver production because they can't afford to lose any more money on their silver. Average cost of production on silver is between $21-$22 per oz. Delays are starting to creep up in silver. Junk Silver premiums have jumped $1 per oz in the last 2 weeks. When all of that happens, silver increases aren't too far behind.
     
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  17. Revi

    Revi Mildly numismatic

    I like it! I have been checking prices and they seem to be stable at around 14 or 15 times face for "junk silver", so if it hangs in this $17.50 range it may be time to get some more.
     
  18. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Check out the premiums on gold...they're pretty high right now, and it seems buyers are looking for it at the last couple shows according to dealers I spoke with. No, I wasn't buying, just talking to them about current market conditions.
     
  19. Ron Henry

    Ron Henry Active Member

    What's a homie? I don't think I have any of those to sell.
     
  20. sodude

    sodude Well-Known Member

    You might be able to find some high premiums if you look, but I don't recall ever seeing so many sales on bullion. The bullion dealers are offering silver at 59c over spot for small quantities (retail).
     
  21. legacya

    legacya New Member

    Thing is about silver right now...if you are a long term holder (5 years+) what is the downside with silver. I don't see any if you will be holding that long. Fundamentals haven't changed and we all know that prices are manipulated/deflated by the QE and false strength of the dollar right now. Hold tight if you own silver now and buy anywhere in these levels if you are looking to add to your position. Don't let a few cents here or there keep you from making a smart investment in a precious metal that is clearly WAY undervalued. Gold to silver ratio is 70 to 1 right now!
     
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