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<p>[QUOTE="RaceBannon, post: 1173408, member: 25357"]I'm holding for now. Been buying since it was $8-9, bought all the way through $40, stopped at $40. If it drops to below $35, I'll buy again, but I'm a buy and hold guy. I may cash out some day, but I don't need the $ right now. </p><p> </p><p>I think long term, and I believe the silver bull marktet will continue for the next couple of years.</p><p> </p><p>Even with the roller-coaster ride, this market has been a great education for me. </p><p> </p><p>Two big takeaways:</p><p> </p><p>1. Precious metals are volatile as all get out.</p><p> </p><p>2. I think my biggest takeaway is that physical holders of silver really have to take the buy/sell spread into account. It's much harder than I thought to swim upstream against this current. Of course I knew about it, but this works against you more than I ever thought it would. Even selling silver on eBay for at or above spot, (I sold a small percentage of my overall betw $30-40), the fees were 9-12%.</p><p>For silver rounds on APMEX right now, you're lucky to get them for $2.50 over spot (if you buy in bulk). So you'e greasing somebody's palm on both ends of the bargain.[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1173408, member: 25357"]I'm holding for now. Been buying since it was $8-9, bought all the way through $40, stopped at $40. If it drops to below $35, I'll buy again, but I'm a buy and hold guy. I may cash out some day, but I don't need the $ right now. I think long term, and I believe the silver bull marktet will continue for the next couple of years. Even with the roller-coaster ride, this market has been a great education for me. Two big takeaways: 1. Precious metals are volatile as all get out. 2. I think my biggest takeaway is that physical holders of silver really have to take the buy/sell spread into account. It's much harder than I thought to swim upstream against this current. Of course I knew about it, but this works against you more than I ever thought it would. Even selling silver on eBay for at or above spot, (I sold a small percentage of my overall betw $30-40), the fees were 9-12%. For silver rounds on APMEX right now, you're lucky to get them for $2.50 over spot (if you buy in bulk). So you'e greasing somebody's palm on both ends of the bargain.[/QUOTE]
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