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What would the spot price of silver have to go to in order to profit from selling?
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<p>[QUOTE="Kevin Dore, post: 3186131, member: 96515"]Wow! Yes, sometimes we do get lucky. That reminds me of my experience with cryptocurrency. I hope that's not too much of a taboo subject here, but I bought into the markets over a year ago for about $400 in bitcoin which I treated just as if I was gambling at the casino. I had full expectation of loosing the investment in hopes of "hitting it big". Fortunately I cashed out $1000 when the prices skyrocketed near the end of last year, but I held the rest which tanked quite quickly. Could have cashed out another $2000 but I held it and lost big figuring I'm in the profit no matter what happened. So in a way I both won and lost on that one. Who knows tho, maybe I'll make even more than that 2k back if it spikes again.</p><p><br /></p><p>I guess in a way all coin and bullion dealers are playing the market, they are taking way more risks than the average investor, plus they have overhead to pay, so I am always grateful that they are around. I really don't care much for the staff at our LCS but I respect what they do and their prices are always fair, even if their staff isn't very friendly or helpful so they still have my business from time to time.[/QUOTE]</p><p><br /></p>
[QUOTE="Kevin Dore, post: 3186131, member: 96515"]Wow! Yes, sometimes we do get lucky. That reminds me of my experience with cryptocurrency. I hope that's not too much of a taboo subject here, but I bought into the markets over a year ago for about $400 in bitcoin which I treated just as if I was gambling at the casino. I had full expectation of loosing the investment in hopes of "hitting it big". Fortunately I cashed out $1000 when the prices skyrocketed near the end of last year, but I held the rest which tanked quite quickly. Could have cashed out another $2000 but I held it and lost big figuring I'm in the profit no matter what happened. So in a way I both won and lost on that one. Who knows tho, maybe I'll make even more than that 2k back if it spikes again. I guess in a way all coin and bullion dealers are playing the market, they are taking way more risks than the average investor, plus they have overhead to pay, so I am always grateful that they are around. I really don't care much for the staff at our LCS but I respect what they do and their prices are always fair, even if their staff isn't very friendly or helpful so they still have my business from time to time.[/QUOTE]
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What would the spot price of silver have to go to in order to profit from selling?
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