TRYING TO "Play the GSR" -- HORRIBLE IDEA

Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.

  1. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    My wallet is screaming in my face to get some silver.

    Perhaps I'll listen to that voice. :jimlad:
     
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  3. losthomer

    losthomer Active Member

    Good luck finding any near spot.
     
    xCoin-Hoarder'92x likes this.
  4. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    One of the bullion dealers I frequent (providentmetals) is running out of bars!! Their front page is currently warning customers of "extreme order volumes". Holy crud.
     
  5. goldcollector

    goldcollector Member


    Yeah now is the time if you can find low premiums. $17 for ASE is the cheapest I see anywhere.
     
  6. masterswimmer

    masterswimmer Well-Known Member

    The cheapest I see anywhere is you, you thief!
     
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  7. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    I try to shoot for bars when prices are low. ASE's have slight collector value over spot.
     
  8. goldcollector

    goldcollector Member

    10 ounce bars maybe you can find for $160. I doubt much cheaper. But I'm sure when this is all over silver will get back to $16/$17 pretty quickly. Maybe 3-4 months
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Then you should send @Garlicus his silver right now, so you can replace it in your hoard as cheaply as possible.
     
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  10. goldcollector

    goldcollector Member

    10 ounce bars for $142.80 at Gainesville. Yes it's about 6 weeks delivery. So what, you're gonna need to hold it for a year anyway then silver might be $18 and you can sell at $170.00 and make a 20% gain in one year. That's amazing for silver.

    Yet I imagine most of you will buy at $19 or $20 crazy premiums and never be able to get a profit.

    GSR 120
     
  11. Santinidollar

    Santinidollar Supporter! Supporter

    What do you use to buy PMs with? Bullion dealers don’t send anything on approval.
     
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  12. masterswimmer

    masterswimmer Well-Known Member

    Don't be ridiculous. He makes his profits fraudulently by selling and not delivering!
     
  13. goldcollector

    goldcollector Member

    GSR down to 118

    Still Waiting
     
  14. rte

    rte Well-Known Member

    I turned down 40 an ounce on a bar that I've got listed on ebay.
    I probably would have sold it if it wasn't for the fees.
    I tried to steer the buyer over to CU.
     
  15. losthomer

    losthomer Active Member

    Somebody fix the broken record.
     
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  16. masterswimmer

    masterswimmer Well-Known Member

    [​IMG]
     
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  17. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    As always, low expectations of those who stack silver.

    ONE YEAR! That's a long time! Not. :eek:
     
  18. goldcollector

    goldcollector Member

    Yes I said if you buy it at $142 hold it for a year you can probably make 20%. I said that's pretty good. You have a problem with that post too because I don't mAke insane, never gonna happen predictions
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    No, just plausible but never-gonna-happen For Sale offers. Pay @Garlicus.
     
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  20. goldcollector

    goldcollector Member

    Yes I have very low expectations of those who stack silver because most have given me every reason to have low expectations. Case in point, somebody to offered RTE $40 an ounce and another case in point, many are buying ASEs right now in the $25-$30 range. They will never even break even on those unless they find another silvidiot to pay 60-70% premium.

    Right now is one of the few times that you can actually make a gain on silver. You all love to think I'm anti silver but when it's a good deal, I say so. I said those bars at Gainesville FL were a good buy and silver is up $2 since I said so. Of course leave it to the silver crowd to snatch defeat from the jaws of victory. Much like a lottery player who always has to put winnings back in, the silver crowd has bought up almost all the $25-$30 silver while ignoring any low premium products because of the 4-6 week shipping delay.

    It's really important to go low premium because obviously high premiums are hard if not impossible to recoup, but also because $19-$20 is the ceiling for some time to come. And I mean many many many many years. So these people paying $25-$30 and even higher, I do have very low expectations because it's just stupid. And some things are just stupid. Like people who spend thousands on Powerball, lotto whatever. It's stupid, no debating. Silver at 2x even 2.5x spot is stupid. There is tens of billions of ounces of silver. They just need 3 or 4 weeks to mint it into a bar or round.

    I said silver will close this decade down just as it closed last decade down. And it will.
     
  21. EdThelorax

    EdThelorax Well-Known Member

    I must take a moment to say that those calling for a higher GSR were right and I was wrong. Kudos.
     
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