Posted on 03/28/2014 7:59:31 AM PDT by blam
Color me stupid, but I still find the trading of worthlessly inked paper for physical chunks of shiny metal a satisfying deal.
Good. Maybe some of the low life slimes will stop busting up homes and people’s AC units for the scrap copper.
Whatever. Buy in the Dips
Gold & Silver unfortunately are subject to the same pump & dump manipulation that stocks and everything else is
The only difference is when it all crashes those with Gold & Silver will have something of value while others will have pretty pieces of paper
Purely manipulation. It will not and can not stay down.
Yup. I bought some more junk US dimes last week.
.
Excuse my ignorance, but at what price do you consider to be a good investment to jump into?
Simply - look at the graphs over the past year or two.
I have a strike price on silver at $19 - your mileage may vary.
When I last bought gold and silver, the prices were 600ish/$13 once respectively. Both had a remarkable rise. Gold has retained its value better. I sold most of my gold around $1200 and silver around $30. I still have silver and am thinking of buying some more. If gold drops below $1000/once, I will buy some more of that too.
Yippee! :)
And did you see that we’re most likely going to war with Russia? We’re gonna be rich, rich, RICH I tells ya!
*SMIRK*
as with most "investments", as opposed to speculative plays, it is best not to "jump in" but rather to "wade in" using a dollar cost averaging approach
spend a similar amount each week/month (or whatever your cycle is) and in time you'll come out ahead ... buying more when the price is down and less when it is ahead
Could you offer a little insight based on your experience in buying junk silver?
Where is a good place to buy - local or on the net?
If on the net can you name a source?
Do you purchase junk coins by weight or by face value? I see them for sale both ways.
Do you expect to buy at the spot price or do you have to pay a premium?
Thanks for any info you can share.
This past week I bought 90% silver dimes at a yard sale from a prepper who had fallen on hard times. I paid $1.60 for each dime. My buddy bought his silver rounds but I don't know what he paid.
Last year I bought dimes from a guy who advertised on Craig's List and was set-up an a flea market in small-town near by. I paid him $2.30 per dime at that time.
I have a cache of 90% silver dolars that I've bought at prices ranging from $11.00 to $22.00 each.
You are right, because you can’t eat the paper, and you can’t make a shelter, or clothing, out of it, like you can the shiny metal.....
I need to confess. I wanted to put a stop to this pesky gold price increase thing.
So, I put a tiny amount of money in my 401k into a commodity package that was mostly gold and silver. I did that about a year ago.
Sorry, I guess I should have posted more explicit warnings. My investment is pretty much the death knell for anything, I’ve bankrupted companies just by purchasing options before.
I am like the world’s worst investor.
Today the Japanese are buying Gold like crazy today. I wonder what change will happen in the next three days?
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