Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. sakata

    sakata Devil's Advocate Supporter

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  3. Clawcoins

    Clawcoins Well-Known Member

    There is so much to the answer here ignoring future value that it's like beating a dead horse (see the dead horse thread) ==> https://www.cointalk.com/threads/the-case-to-be-made-for-gold-vs-silver.299858/

    If *you* like ASEs then continue to buy ASEs. But just wait for the actual price to drop (not spot, selling price does not necessarily drop if spot drops, so you have to be aware of that). If you like the specific designs on specific rounds then buy those.
    If you like bars, then buy those.

    For me, I put an economic twist to it as it impact my investment portfolio. I do own a few non-ASEs but not much. I like the ASEs; I haven't found a round that I like.
    bars? nah, not those either.
    I like "coinage" that has UNITED STATES on it. So my preference is ASE, AGEs, pre-33s and all other other copper, silver and gold coinage out there.
    But also keep in mind I think PMs is simply a storage or wealth. I could keep the cash but I like the shiny metal stuff too. So I *convert* cash (which is spendable) to a non-spendable items in PMs. maybe in the future PMs will increase in price where I think I'll sell them, which would make a profit vs in cash. But then I'll have more cash then when I started. Maybe I won't.

    But it goes back to what *you* like to collect. Don't just buy because you have a silver bug ...

    I have my total ASE collection now, and the silver bug has kinda worn off. So we'll see what I do in the future. I'd like to collect some gold $2.50 and $5.00 President coins but that needs more available $$$ than neat looking old silver commem coins.
     
    abuckmaster147 likes this.
  4. Clawcoins

    Clawcoins Well-Known Member

  5. Clawcoins

    Clawcoins Well-Known Member

    up, up and away ...
    [​IMG]
     
  6. abuckmaster147

    abuckmaster147 Active Member

    I guess its not a silver bug for me or maybe it is? I have been collecting silver since the 1960's And have never sold an ounce even with the 2 big price jumps. And I have never bought with family funds just play money that could have been spent on things that would have been gone in an hour ,days well you know. Back in the 60's and 70's it was gifts from my grandmother for holidays and coins well I have just loved the heck out of any kind of silver coinage since I buried my first half dollar in one of grandpa's old tobacco pouches when I was about 6, :greedy::happy:

    I have never really kept up on what newer coins or ASE's and such just manly CRH and I did a lot of bank and store searches for old coins before Youtube came around and pretty much ruined that.:grumpy::blackeye:
    Now I only buy if spot is below $16 and usually only 6 or so ounces a year. My B day is right before xmas so any cash I accumulate goes to a pre order of one Maple leaf, 1 ASE's, and 1 panda, and generic rounds to make free ship. Oh BTW there is no since in trying to save green backs around here.:banghead: I am sure when I pass there will be holes dug on this farm from the son in law looking where I buried the stash,:D
    Just wondering if say when I purchase generics to make free ship if I should not just put ASE's in my cart instead? And 2 fri's ago well Prov had the generic deal 90 what ever over spot on the uncle sam's so that what I bought and JM I had no choice it was there pic to get.
    JON
     
  7. Clawcoins

    Clawcoins Well-Known Member

    and it keeps going ...
    [​IMG]
     
  8. abuckmaster147

    abuckmaster147 Active Member

    Just wondering if anyone has ever thought of a silver co op ? Or would trust be an issue? I mean like if 5 rolls of ASE's were bought from provident you could save $5.00 a roll. what's that a .25 a piece but money in pocket anyways.
    JON
     
  9. abuckmaster147

    abuckmaster147 Active Member

    [​IMG] Hmmm I kinda like this.
     
    Stevearino likes this.
  10. Clawcoins

    Clawcoins Well-Known Member

    until the market crashes or something.
    Then I'm sure someone would complain and not want to lose $$

    All warm and fuzzy if steady or upwards valuations but
    sounds like a potential nightmare on downward valuations. How to sell, when, at what price, etc etc etc.

    [​IMG]
     
    abuckmaster147 likes this.
  11. Clawcoins

    Clawcoins Well-Known Member

    It's Alive I tell you ..
    [​IMG]
     
  12. Speedbump

    Speedbump Not a New Member

    I managed to guess well this time and bought a bit very near the bottom early on the 10th. I was in the UK at the time so it was during the day, but like 2am back home. Already made back the premium and then some. :D
     
    Clawcoins likes this.
  13. abuckmaster147

    abuckmaster147 Active Member

    Welp it looks I have paid for most of the 2 weeks ago silver purchases, Or Maybe a ten ounce er .:cigar: I have an older car here sitting in weeds that the daughter left here about 5 years ago, And had a guy offer me about $180.00 for scrap metal on it. Have to see if he shows tonight I love free money! :greedy::greedy::greedy:;)

    OR, I see JM has quarter eagle's on sale xf for $250.00 I own no gold coins . Is that a deal?
    JON
     
    Last edited: Jul 21, 2017 at 2:04 PM
    Clawcoins likes this.
  14. Santinidollar

    Santinidollar Supporter! Supporter

    Gold does it again. Drops until it looks like $1200 will be breached, then has a good rally.
     
  15. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Oh silly boy, don't you know the whole PM market is being artificially held down by market manipulators? I read it here somewhere. Patrick Heller said so. Former Congressmen from coastal Texas said so. Actor William DeVane said so. Half the ads on Fox News say so. Heck, even Pat Boone says so. That means one of two things is true. 1) All these jokers will say literally ANYTHING if you pay them enough, or 2) They're just as wacky as the day is long. Pick one. You can't lose.

    Here's a hint. Call up the 5-year chart for either silver OR gold, better yet a 6-YEAR, then 'splain to me why they can "only go up". They kept "printing fiat dollars" the whole time, and STILL metals went DOWN, DOWN, DOWN.

    One guy breathlessly says, "I believe silver is going over $200!" Yeah? Well I believe the Commonwealth of Pennsylvania is going to abolish its government and appoint me King. Both are equally likely.
     
    Last edited: Jul 21, 2017 at 2:50 PM
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  16. Santinidollar

    Santinidollar Supporter! Supporter

    The logical explanation (if you're a chartist, which I'm not) is that gold has strong support at $1200 to $1210 and strong resistance starting around $1290. I prefer that, though, over William Devane (who ran out of opportunities to play Robert Kennedy) and Bat Poone, who needs to paint a red stripe around his neck and get a job as a bowling pin.
     
    SLACKACTION likes this.
  17. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Bill Devane ran out of his last shred of relevance decades ago, okay? Ditto Pat Boone. Congratulations on NOT being a chartist. That makes you smarter than the VAST MAJORITY of people who get paid to give advice. Gawd forbid that someone might actually look into the market's fundamentals, if such a thing still exists in PM's.
     
  18. Clawcoins

    Clawcoins Well-Known Member

    I've been slowly releasing 1 hundred billion tons of gold onto the market to lower the price so I can buy up another 10 hundred billion tons.

    Then repeat after the price breaks another high to bring to a new low.
    I don't see the problem in that ??
    :)
     
  19. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    You got the theory correct, but the bear is usually in the pricing.
     
  20. sakata

    sakata Devil's Advocate Supporter

    Doesn't cost much at all if you do it with paper and cancel the contract immediately.
     
  21. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    (1) You have to have the credit ( cash) in the account first, (2) If the value is not as high as when you bought it, you ( taken out of your account) have to pay the difference.
     
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