So who's selling at $25???

Discussion in 'Bullion Investing' started by Williedikker, Oct 14, 2010.

  1. WingedLiberty

    WingedLiberty Well-Known Member

    although i would not be surprised by a 5 to 10% pullback at any time ... i think that would be just another buying opportunity for silver bullion (if you wanted more) as I think silver is heading to $32 an ounce in 2012.
     
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  3. hiho

    hiho off to work we go

    I have about 8-10 pounds of assorted pre-1964 US silver dimes, quarters and halves that I inherited from an aunt years ago but as long as the (mandatory) overtime holds out at work I'll hold onto them for the time being.

    It's pretty cool having two blue Whitman plastic storage boxes filled to the brim with old US silver. :D
     
  4. pale ridder

    pale ridder Junior Member

    $25??? not when $30 is just beyond the horison?? i would exspect a slite pull back b4 silver surges again.
     
  5. xtronic

    xtronic Junior Member

    For the past two years, I have been using the ETF; SLV to offset my physical silver (that I don't really want to sell). When the prices soar, I dump my ETF; SLV but keep my physical. When there is a great buying opportunity, I use the profits of my SLV to down cost the physical, and maybe take another bite of the ETF.

    Last year, I did get stopped out of my position twice and lost $100 here or there. Yet, Have pulled down 30%+ five times.

    The great thing about this method (for me) is that I can jump in and out for a few months at a time, with almost no premium lost. I have a few paranoid friends that fear the metal ETFs but my primary stash is physical, only utilizing the paper metal for quick moves of which there has been alot in the past few years.

    So to answer the question, "Yes, $25 was/is my sell point but only of my SLV."

    I really need to start cycling out my generic physical rounds for more quality stuff.....but that is another fight.
     
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