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OfflineBambi
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Re: Silver in 2014 [Re: memes]
    #19486786 - 01/28/14 03:34 PM (10 years, 2 days ago)

Quote:

memes said:
Quote:

Bambi said:
i have to say, diecommie sounds like a huge troll...



lol, diecommie is anything but a troll.  granted, his opinions are - at times - expressed in contest with the common views of a thread.  but that, in an of itself, does not make him a troll.  it makes his advice all the more valuable.  the two-letter 'no' in a group of 'yes' men is worth infinitely more than its three-letter counterpart.




Oh i know, I wasnt calling him a troll, just that the way he makes his posts seems kinda trollish sometimes and not just because he is the dissenting opinion. Which is the side i tend to be on when it comes to silver on the shroomery.


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Invisiblememes
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Re: Silver in 2014 [Re: Bambi]
    #19486792 - 01/28/14 03:35 PM (10 years, 2 days ago)

well, yeah.  he's very blunt with his messages.  very zappa-esque in that regard.  probably comes from being over the age of 20


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OfflineGorlax
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Re: Silver in 2014 [Re: memes]
    #19487091 - 01/28/14 04:33 PM (10 years, 2 days ago)

... I'm pretty sure all of us are above 20 years old.

anyways... both have ups and downs. like any investment..

I can throw 300 other curve balls into this thread to start any argument.. like physical silver is stupid buy mining stocks.. or buy precious metals certificates..

but...

Owning physical SILVER is the best way of investing. Sure you pay a few dollars above the spot price and shipping but the final return is what matters and you physically have the silver. ETF's are more suited for short term trading in huge quantities that would make shipping ridiculous.. I'm pretty sure none of us are fork lifting bricks. On the other hand physical silver is best suited for long term..

Silver ETF's downside is you don't even own the silver, you just own a part of a trust that stores and protects silver.
also you can't ever trade an ETF for physical silver so your just buying shares not owning silver at all...


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Invisiblememes
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Re: Silver in 2014 [Re: Gorlax]
    #19488638 - 01/28/14 09:01 PM (10 years, 2 days ago)

yeah, nobody disagrees


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Re: Silver in 2014 [Re: memes]
    #19568923 - 02/15/14 03:59 AM (9 years, 11 months ago)

Lets get back to talking metals you filthy skankwhoregoblinanus's


I got my 10oz bar o silver a little while back.  Its neato keen!  Just so happens the paycheck I just received is my mid-month 'extra' check so its time to buy another 10oz bar!

woot!

I REALLY want to buy some gold/plat/palladium but god damn is it expensive.


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Re: Silver in 2014 [Re: mndfreeze]
    #19568954 - 02/15/14 04:15 AM (9 years, 11 months ago)

Your Order Items

Qty Item Unit Price Ext. Price
1
10 oz Silver Bar (Secondary Market) .999 Fine
$241.43 $241.43
Sub-Total: $241.43
Shipping, Handling & Insurance: $9.95
Order Total: $251.38


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quote]Urb said:
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InvisibleLunarEclipse
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Re: Silver in 2014 [Re: memes]
    #19569040 - 02/15/14 05:09 AM (9 years, 11 months ago)

Quote:

memes said:
Quote:

Gorlax said:
It's not like anyone here isn't open to opinion but when you have no factual anything to back any of your claims and your just saying shit.. that's trolling.



OK since everyone seems to be confused, let's break this down.





He said:
Quote:

DieCommie said:
The thing of most importance to me is getting a higher return on investment.  That is not done by buying and selling physical coins and bars.




Then he provided support for his claim when it was challenged:
Quote:

You get a higher return on investment by investing in paper silver than you do with physical coins/bars because the spread on coins/bars is higher and the liquidity is lower.  This is why paper silver was invented.




His point is valid.  Nobody will contest that it's extremely difficult to find physical silver at spot value.  Most of the time you seem to be paying 5-10% above spot.  When you sell, it's more difficult - as physical possession is involved - and you're likely not going to get the same premium above spot as you paid.  The easier it is to sell back, the lower you'll get for your physical silver




then more responses
Quote:

"This is why paper silver was invented".
And why people still keep trusting in paper.  Because it makes so much sense.
Well keep it up when that tail wagging the dog finally shows it's fleas, I hope you are into it in full.  Due diligence and all that.




annd then goes back to DC's original contention and belittles him:
Quote:

Like you could ever figure out the ins and outs of the silver market, using any vehicle.  Give it a rest.





and then they continued back and forth.











Fact of the matter is:  DC's opinion is valid and welcomed, and the rest of you got testy because DC's goals didn't mimic your goals.  You want physical silver because you don't trust in fractional reserve banking.  DC wants a wealth hedge, and buys e-silver accordingly.  In the end, its a truly silly argument.  But i do not complain, as your debate serves me till the end:  i pull from it the nuggets of knowledge that I choose apply to my situation




Why don't you explain then in detail how holding fractional paper silver not backed by real silver is the same as holding physical silver?  Can't wait to see what "nuggets" you pull out.

"DieCommie claims SLV is a wealth hedge, and buys e-silver accordingly".  Later, he admits he hasn't a clue about SLV.  Did he even read the prospectus???  Of course not.  Wealth hedge?  What does this even mean?  He's too wealthy, so he wants to hedge against it?

DC also contends that owning Maples with .9999 purity is less desirable because the higher purity metal is softer than .999 and won't hold up to being circulated?  Not even sure why someone would handle any coin that they buy from the mint other than by the edges and only once in a while.  So, why on earth would .9999 purity backed by $5 Canadian be less desirable than .999 backed by either zero dollars, or $1 in the case of the American eagle?

To say "this is why paper silver was invented" made me LOL.  If he's not a troll, and truly believes in "paper silver", then he deserves all the SLV he can get to make his "wealth hedge" happen.

Nowhere did anyone on this thread say there isn't a spread on coins and silver bars.  We tried to help others find the best coins, and best bars.  Jokers like DC who come in and upset the silver cart deserve derision.  I think recommending SLV to anyone is a shame, and will speak out against that scam every time.

Besides Memes, weren't you touting the stock market crash at the bottom of this last dip?  Really, you are one of the last people I would personally listen to about investments.


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Edited by LunarEclipse (02/15/14 05:35 AM)


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OfflineGorlax
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Re: Silver in 2014 [Re: LunarEclipse]
    #19618619 - 02/25/14 09:02 PM (9 years, 10 months ago)

downtrend resistance line in place since November 28, 2012 was broken on February 4, 2014



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Invisiblememes
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Re: Silver in 2014 [Re: LunarEclipse]
    #19619591 - 02/26/14 05:19 AM (9 years, 10 months ago)

edit: nevermind it was 11 days ago


Edited by memes (02/26/14 05:26 AM)


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OfflineShiVersblood
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Re: Silver in 2014 [Re: memes]
    #19620235 - 02/26/14 10:03 AM (9 years, 10 months ago)

I need to invest in some silver as well. On the Game, Shivers II, they discover silver and its worth a lot of money.


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InvisibleDestitute
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Re: Silver in 2014 [Re: mndfreeze]
    #19622440 - 02/26/14 05:40 PM (9 years, 10 months ago)

Hate to tell ya bud, but you are getting ripped off to shit. You're paying like a 25% premium for the silver, it has to go up 25% for you to make a profit, never mind the cut you take when you sell it.
Check out local coin stores.

EDIT: Closer to 15% I forgot silver rose a little


Edited by Destitute (02/26/14 05:47 PM)


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Invisiblethescientist
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Re: Silver in 2014 [Re: Destitute]
    #19623072 - 02/26/14 07:41 PM (9 years, 10 months ago)

Hate to tell ya bud, but you make it abundantly clear you are not speaking from experience having had sold such pieces in an active market.

Maybe when you tell someone they are getting ripped to shit you should have some first hand experience in that business.

In my local market there is high demand for metals and high premiums in the secondary market are the norm.


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OfflineGorlax
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Re: Silver in 2014 [Re: thescientist]
    #19623177 - 02/26/14 08:04 PM (9 years, 10 months ago)

Yeah not sure what he is talking about. If the value increases it increases. I can sell 1oz of silver on eBay right now for way above spot!! probably 30$..

speak with experience please.


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InvisibleDieCommie

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Re: Silver in 2014 [Re: Gorlax] * 1
    #19623195 - 02/26/14 08:08 PM (9 years, 10 months ago)

oops, forgot my opinion is not wanted or allowed here.


Edited by DieCommie (02/26/14 08:09 PM)


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InvisibleDestitute
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Re: Silver in 2014 [Re: thescientist]
    #19623373 - 02/26/14 08:43 PM (9 years, 10 months ago)

Quote:

thescientist said:

Maybe when you tell someone they are getting ripped to shit you should have some first hand experience in that business.




You're right, I don't have first hand experience getting ripped to shit. Silver has a very clear value and it's not worth overpaying for, from an investment standpoint, in my opinion anyway. Sure, an oz of silver may go for $30, but it may be a specialty/collectors coin. The point is to try to get it for as close to spot price as possible, if its an ordinary non-collector bar.
Anyway mindfreeze, check out some legit local coin/metals stores for better pricing. Shipping is a bitch


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Re: Silver in 2014 [Re: Destitute]
    #19624394 - 02/27/14 12:49 AM (9 years, 10 months ago)

If anyone knows of a place that is cheaper then .69 cents/oz over spot for just plain.999 fine bars let me know.  Obviously shipping sucks but I dont see much of a way around that unless I buy local, and the local places I've checked so far seem to be much higher then I'm paying online, even with the shipping costs. :frown:


--------------------
Nothing says love like grannies prolapsed anus!

quote]Urb said:
I know... Its fucked up... Ill fix it minyana..[/quote]


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InvisibleLana
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Re: Silver in 2014 [Re: mndfreeze]
    #19625086 - 02/27/14 08:23 AM (9 years, 10 months ago)

The infamous debate of 'paying a high premium is foolish' or

"You're paying like a 25% premium for the silver, it has to go up 25% for you to make a profit, never mind the cut you take when you sell it.
Check out local coin stores.

EDIT: Closer to 15% I forgot silver rose a little "

The reason that this isn't really true is due to the joys of market forces/pressures.  Dealers can and are charging high premiums simply because they can.  People are already paying and may continue to pay the high premiums, if they weren't the premiums would not be so high.

Same goes for selling it.  If you paid a 15% premium, this tells me that you can probably sell it now for roughly the same amount.  It's what the market is willing to bare at the moment. 

Now a year or two or five years from now that may change.  It may get better or worse, but just like the price of the metal, you'll never know until it happens :smile:

Now with all this in mind, a more experienced buyer may look for a price with a lower premium but when markets have a strong demand (experienced or novice) buyers don't matter to the seller.  The seller knows they can move the product.  Knowing this enables them to tack on a higher premium.    If the seller is inexperienced and can't sell what they have... then they should probably lower their premium because they can't (for whatever reason) sell their product.

Lana


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Invisiblebryguy27007
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Re: Silver in 2014 [Re: Lana]
    #19625481 - 02/27/14 10:30 AM (9 years, 10 months ago)

I keep forgetting to subscribe to this thread. I think I may set an exit point of $40 for half my silver and $50 for the second half. I believe silver will eventually end up higher than that. I have an internal debate where I love silver because of the protection it affords against inflation of fiat currencies - plus it's nice to have to put my savings in a form where I can't transfer them to spend with a couple clicks of the mouse if I convince myself that I really want/need something. I have to balance that with my environmental conscious where the mining of precious metals is very environmentally taxing. Not sure what I'll end up doing yet.

If I could exit silver and put my returns into becoming self-sustaining (water filtration system - vegetable seeds/gardening equipment to grow my own food, etc.), that might be best for me.


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Offlineapplesmasher420
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Re: Silver in 2014 [Re: mndfreeze]
    #19629388 - 02/28/14 06:48 AM (9 years, 10 months ago)

Quote:

mndfreeze said:
If anyone knows of a place that is cheaper then .69 cents/oz over spot for just plain.999 fine bars let me know.  Obviously shipping sucks but I dont see much of a way around that unless I buy local, and the local places I've checked so far seem to be much higher then I'm paying online, even with the shipping costs. :frown:




Yeah all my local places want like $3+ over spot per oz. :thumbdown:

Ive always loved http://www.monarchpreciousmetals.com/ their 1oz silver buck is always $1.00 Over Spot. All of their products are hand poured and stamped. Just got a 5oz bar ill be posting in my Metal Porn thread soon :heart:

Depending on how much you order, shipping is always reasonable, $7 - $12 in U.S. no tax, though you want to pay with a money order as otherwise they make you pay whatever your cc company charges them.


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Re: Silver in 2014 [Re: applesmasher420]
    #19633229 - 03/01/14 01:57 AM (9 years, 10 months ago)

Yeah I noticed that with apmex as well, if you pay by bank wire its cheaper, they add on extra fees if you use your credit card which is annoying as hell but at least it seems like you are having a similar experience as me.  apmex is 69 cents per oz over spot for secondary 'grab bag random' silver.  Meaning you dont know what you will get, it might be rounds, or bars, all various sizes shapes and condition, but its always .999 fine silver to the weight you order. 

Shipping with them is 9.99 flat it seems.  So it def is better to buy more at once if you can since the additional 'fees' really cut into your pricing if you orer lower amounts.  I dont plan on ever buying less then 10 oz at a time, next time I might go 20 if I can afford it.  I'm trying to look at this as a long term investment that has some stability but also is harder to get the bug ton buy some useless toy and spend it.  The amount of work it takes to sell it in order to turn it into spendable cash will keep it nice and locked away until I have a REAL emergencey or the market is just so damn good I cant pass up selling.

I love that silver has such a heavy industrial use that it should stand the test of time well, but it seems a lot harder to get those BIG fluctuations like gold,plat or palladium have.  But I'm still new to this.


--------------------
Nothing says love like grannies prolapsed anus!

quote]Urb said:
I know... Its fucked up... Ill fix it minyana..[/quote]


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