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<p>[QUOTE="vegasvic, post: 424937, member: 15296"]I've bought silver every day this week. I plan on cost averaging and I plan on keeping up my strategy. Thursday I also bought three Gold Eagles as this me be the opportunity of a lifetime. Or my heirs, are going to bury me in the desert. Because they won't be able to afford a funeral. Haha. Actually I think my experience with stocks has been invaluable in this market. BUY on fear. That's what I believe is happening. People are dumping to cut their losses. Remember a loss is only a real loss when you sell. Until then it just drops your networth on paper. </p><p>Since I don't run a shop anymore, I've been buying 90% at 8 x face Thursday and Friday. Bullion silver dollars have been $10.50. The gentlemen that owns the store, knows he won't have to sit on them and take a loss as I stop in every day and pickup what he bought the day before. He's guaranteed a very small profit so isn't afraid to keep buying and I'm going to the safe deposit box each day to drop off what I've purchased.</p><p>However, my position in life is different than most. I'm retired, I can afford the risk and have no dependents. This gives me a very free lifestyle to enjoy and try to make some fun money. I can't take it with me. My stock holdings are very limited to a couple blue chips and they are doing well. I also increase them each month and let the mutual funds float.</p><p>I also was afforded a good education with an MBA, when an MBA was somewhat rare. This allowed me to concentrate on my first love, coins, 20 some years ago.</p><p>I only hope they will treat you all as well as they have treated me. By the way, even living in Vegas I rarely gamble. Maybe a little Blackjack a couple time a month.</p><p>Vegas Vic[/QUOTE]</p><p><br /></p>
[QUOTE="vegasvic, post: 424937, member: 15296"]I've bought silver every day this week. I plan on cost averaging and I plan on keeping up my strategy. Thursday I also bought three Gold Eagles as this me be the opportunity of a lifetime. Or my heirs, are going to bury me in the desert. Because they won't be able to afford a funeral. Haha. Actually I think my experience with stocks has been invaluable in this market. BUY on fear. That's what I believe is happening. People are dumping to cut their losses. Remember a loss is only a real loss when you sell. Until then it just drops your networth on paper. Since I don't run a shop anymore, I've been buying 90% at 8 x face Thursday and Friday. Bullion silver dollars have been $10.50. The gentlemen that owns the store, knows he won't have to sit on them and take a loss as I stop in every day and pickup what he bought the day before. He's guaranteed a very small profit so isn't afraid to keep buying and I'm going to the safe deposit box each day to drop off what I've purchased. However, my position in life is different than most. I'm retired, I can afford the risk and have no dependents. This gives me a very free lifestyle to enjoy and try to make some fun money. I can't take it with me. My stock holdings are very limited to a couple blue chips and they are doing well. I also increase them each month and let the mutual funds float. I also was afforded a good education with an MBA, when an MBA was somewhat rare. This allowed me to concentrate on my first love, coins, 20 some years ago. I only hope they will treat you all as well as they have treated me. By the way, even living in Vegas I rarely gamble. Maybe a little Blackjack a couple time a month. Vegas Vic[/QUOTE]
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