Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.
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Agreed but I'm a trial attorney so it's second nature.
Isn't that the same as the circus area .....
Free shipping is never really free
ASE's are in the collector's market, not the bullion market. I've never seen anyone sell an ASE for spot.
Yep will do. PMs should do well the next few years
The POG and POS recovered late and reversed some of the losses. Silver closed $15.05. I think it was an early overreaction to the jobs number and the House of Saud saying, 'well as long as those filthy Persians crawl on their bellies and beg us to take their daughters' we'll cut back supply. duh. Wait to buy gas until nest week.
I was watching my momentum play in the junior silver miners very closely. My large play is with Silvercorp SVMLF with side plays on EXK and AG. The former recovered most its losses for the day while the latter two actually ended in the green. Note that these are very small cap stocks and playing them is not for giggles nor the faint hearted. I've found over the past few bullion bull markets, that the great leverage is with silver and particularly small cap silver miners.
Note that in the late 70's, gold went from ~$300 to $850 while silver went from ~$4 to $45. This recent bull market 2001-2011 saw a similar pattern: gold went from $300 to $1800 while silver went from ~$4 to $45 again. I've been investing for decades, but the only 'home run' I ever hit was with Silver Wheaton SLW which I was buying early (2002-3) around $2-3 per and it went to $43. That, my friends, is Leverage.
Currently, I was buying SVM starting at $0.50 with additional buys in the $0.63-67-69 range. It's hovering around $1.40. This is a mo play, so if it gives up 10%, I'll start cutting back. I'll probably take my original investment out being up over 100% and continue playing with 'house money'. We'll see.
and so it goes,
What are APMEX and MCM getting for 10 ASEs nowadays ?
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