Silver getting crushed today

I'm showing 18.50 this am

 

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I see silver and gold as a variable savings account. A place to store some cash. Also, the hedge against the economy factor is in the back of my mind also. With Coin Roll Hunting supplimenting my silver stash my cost per ounce is around $14.86. If I sold all my silver today I'd be making a 33% profit. Not bad.

 

That's why I said what I did. I could have said "buy below spot and sell above spot", but it doesn't really matter -- the key is to sell for a profit. If you're buying and selling retail, that can't happen, because the retail establishments you're buying from and selling to will insist on their profit.

It's also worth noting that this "strategy" isn't limited to PMs.

 

cha ching... that's great mine is less than 33 at this time.........

 

Where would you be able to sell if for $19.81? In fact, you would have to sell it for more if there were any shipping expenses.

 

At my coin club, and I have a lot of Silver Eagles that I can sell for $2.50-$3.00 over. Consumer base, not to dealers.

 

I wish I had ASEs at a cost basis of $14.81! That would have to mean you bought them when the price of silver averaged less than $13. That is impressive.

 

This thread title is somewhat outdated I believe.

 

Wait for the next dip and it will be accurate again. Markets go up, markets go down.

 

There is an existing thread called Silver's on the Move! You can dig that one up if you like.

 

How about a thread called "Silver's hardly moved in 5 years."?

 

You can try that one, probably get a good debate out of it but I don't think you'll get 71 pages out of the thread like this one has.

 

with the market being closed, it's just flat lined !! LOL
I'll be curious what happens when the other markets open.

 

With all the garbage going on politically, I think PM guys are going to be happy next week! I'm saying $19.50 by next Friday. Anyone else want to guess?

 

I think that is too high. I don't like speculating on specific prices as in the long run what it is in one week is irrelevant. But I do think it will go up next week by a decent amount.

 

Oh but it is relevant to some of us...19.20....... come on Claw WHATS U PRED. U TOO Saint Dollar.......

 

I think it's gonna go UP ...

 

see .. I was right !!

 

actually I think it's gonna get Crushed ...

 

Ooh .. look at that ..