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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #21312871 - 02/22/15 12:37 PM (9 years, 2 days ago)

Quote:

LunarEclipse said:
Quote:

memes said:
I'm going to start incrementally moving into a physical silver position once the spot price heads down past the $15.00 mark




Wait, weren't you ready to go all in at $17 and change about 2 weeks ago?  What changed?




1/1/15 said i was thinkin about it
1/17/15 you referencing a past statement of mine stating i'd buy in at around 10
2/1/15 at $17.XX, i see some .999 silver on craigslist and send an inquiry (he ended up being a bit too far away)
2/2/15 almost pulled the trigger on 100oz @ 17.xx


Now i'm saying <$15 again? How strange.  What may have changed my outlook for global PM prices since then?

oh, yeah, Greece reaching a deal with EU (aka no imminent grexit)
ukraine ceasefire & prisoner swap
the re-emergence of new equity high's


PMs and global stability have an inverse relationship


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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: memes]
    #21371205 - 03/06/15 02:53 PM (8 years, 11 months ago)

silver took the dip back below $16 today for the first time since the newyear.  the -2.13% drop came during the same trading day as the new jobs numbers which showed 50,000 gains over the ~245k nonfarm estimates, prompting more equities speculation that a strong domestic economy will move forward the timeline on the fed funds rate hike...

...which will further strengthen the USD and (prospectively) weaken precious metals.  All in line with our expectations. 







So, those of you who are here who hold PMs.  When you want to reduce your physical silver, where do you offload your holdings?


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InvisibleGilgamesh18
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Registered: 03/01/12
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Re: Bottom Finally In For Silver? [Re: memes]
    #21371256 - 03/06/15 03:08 PM (8 years, 11 months ago)

Quote:

memes said:
silver took the dip back below $16 today for the first time since the newyear.  the -2.13% drop came during the same trading day as the new jobs numbers which showed 50,000 gains over the ~245k nonfarm estimates, prompting more equities speculation that a strong domestic economy will move forward the timeline on the fed funds rate hike...

...which will further strengthen the USD and (prospectively) weaken precious metals.  All in line with our expectations. 







So, those of you who are here who hold PMs.  When you want to reduce your physical silver, where do you offload your holdings?



If I reduce my holdings I would suffer a heavy loss :lol:. If I did though I would probably pawn it.


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Bottom Finally In For Silver? [Re: memes]
    #21371261 - 03/06/15 03:10 PM (8 years, 11 months ago)

I usually sell via Craigslist.  It takes more work, but you get more money.  I've also sold on the bitcoin forums.


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InvisibleAdden
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Re: Bottom Finally In For Silver? [Re: DieCommie]
    #21371408 - 03/06/15 03:54 PM (8 years, 11 months ago)

I just go to my coin dealer. If I don't like what I'm getting, I drive down the road to his competitor. They've hated each other for 25 years now.

APMEX - Never again. Purchase or sell.


I do hope this holds resistance at 15. I'd imagine anyone with a substantial amount of silver hopes so too.


Edited by Adden (03/06/15 04:04 PM)


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Bottom Finally In For Silver? [Re: Adden]
    #21371657 - 03/06/15 05:06 PM (8 years, 11 months ago)

How much under spot does your dealer give you?  I think that for silver eagles you should expect to get 1 or 2 dollars under spot for your coins.  Directly to a purchaser you should be able to get a dollar over spot for eagles.  If you have 10k worth of silver that is around 600ozt so your difference would be about 1200 selling it directly to people vs a coin dealer.  Do you think those numbers sound right? 

Craigslist selling can eat up a lot of time.  I sold my horde when silver was in the upper 20s and it was a pain in the ass.  I don't know if 1200 would be worth the time for me now-a-days though...


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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: DieCommie]
    #21371911 - 03/06/15 06:21 PM (8 years, 11 months ago)

Good info on the sales, everyone.  And about in line with what i expected. 

one downside of physical, i suppose.


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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: Adden]
    #21372962 - 03/06/15 11:59 PM (8 years, 11 months ago)

Quote:

TEMPLAR PALADIN said:

APMEX - Never again. Purchase or sell.




interested as to why you say this.  specifically on the sell side.  i figured apmex would be the easiest way to offload a decent quantity of physical silver


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OfflinemndfreezeMDiscordReddit
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Re: Bottom Finally In For Silver? [Re: memes]
    #21372985 - 03/07/15 12:09 AM (8 years, 11 months ago)

I also want to know.  I never sold to apmex but I have bought my silver from there and had zero problems.  Place seemed straight forward on everything and completely up front.


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

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


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: DieCommie]
    #21373315 - 03/07/15 05:06 AM (8 years, 11 months ago)

Quote:

DieCommie said:
How much under spot does your dealer give you?  I think that for silver eagles you should expect to get 1 or 2 dollars under spot for your coins.  Directly to a purchaser you should be able to get a dollar over spot for eagles.  If you have 10k worth of silver that is around 600ozt so your difference would be about 1200 selling it directly to people vs a coin dealer.  Do you think those numbers sound right? 

Craigslist selling can eat up a lot of time.  I sold my horde when silver was in the upper 20s and it was a pain in the ass.  I don't know if 1200 would be worth the time for me now-a-days though...




APMEX is currently buying American Eagles at $1.40 over spot.  You've been getting ripped off if you are selling eagles at 1 or 2 dollars under spot.  Badly ripped off.


--------------------
Anxiety is what you make it.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: memes]
    #21373321 - 03/07/15 05:15 AM (8 years, 11 months ago)

Quote:

memes said:
Good info on the sales, everyone.  And about in line with what i expected. 

one downside of physical, i suppose.




That's why you buy 100 oz. bars at 0.75 over spot and hold on to them...
Quote:

memes said:
Quote:

TEMPLAR PALADIN said:

APMEX - Never again. Purchase or sell.




interested as to why you say this.  specifically on the sell side.  i figured apmex would be the easiest way to offload a decent quantity of physical silver




There are better places to sell to.  APMEX is a huge operation with a lot of people some of whom have truly bad attitudes.  I tried a couple of times to get a quote for selling back to them and they just ignore you.  Lost in the shuffle, or just lazy...


--------------------
Anxiety is what you make it.


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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: memes]
    #21377967 - 03/08/15 12:06 PM (8 years, 11 months ago)

Quote:

memes said:
as the dollar strengthens, as the world stabilizes, so falls PMs. 

But it's ok, because it won't be too long before another shitshow happens.






+1.6% USD
-1.7% SLV



"Whenever a rate hike comes, it won’t be pretty for gold."
http://www.kitco.com/ind/Wagner/2015-03-06-Upbeat-Jobs-Report-Hammers-Gold-Prices.html


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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Bottom Finally In For Silver? [Re: memes]
    #21383553 - 03/09/15 05:04 PM (8 years, 11 months ago)

I reckon it won't be pretty for a lot of things...


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InvisibleAdden
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Re: Bottom Finally In For Silver? [Re: memes]
    #21383759 - 03/09/15 05:59 PM (8 years, 11 months ago)

Getting in at 10, memes?

Bought a ton at 17.

In which case I'm doubling down. I think anyone interested in getting into metals should take 10/ounce a good long term investment.

My student loans and soon to be mortgage can let metals do their own thing for 25 more years.


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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: Adden]
    #21383796 - 03/09/15 06:08 PM (8 years, 11 months ago)

i'm going to be getting in, but i'm not sure i'm going to be getting into physical.  as i stated a few pages back, plan on grabbing some silver while the dollar is unnaturally strong, and holding onto it for a while until equities turn sour, then swapping my PM holding out for equities positions.

as i don't want to ship, hold, sell, physical silver - i'll probably end up holding something like SLV to fill that role


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InvisibleGilgamesh18
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Re: Bottom Finally In For Silver? [Re: memes] * 1
    #21388149 - 03/10/15 04:52 PM (8 years, 11 months ago)

Quote:

memes said:
i'm going to be getting in, but i'm not sure i'm going to be getting into physical.  as i stated a few pages back, plan on grabbing some silver while the dollar is unnaturally strong, and holding onto it for a while until equities turn sour, then swapping my PM holding out for equities positions.

as i don't want to ship, hold, sell, physical silver - i'll probably end up holding something like SLV to fill that role



BaH SLV aka paper silver. Nothing compares to stacking your silver coins in your house and then running your hands over them...


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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: Gilgamesh18]
    #21388155 - 03/10/15 04:54 PM (8 years, 11 months ago)

Quote:

Gilgamesh18 said:
Quote:

memes said:
i'm going to be getting in, but i'm not sure i'm going to be getting into physical.  as i stated a few pages back, plan on grabbing some silver while the dollar is unnaturally strong, and holding onto it for a while until equities turn sour, then swapping my PM holding out for equities positions.

as i don't want to ship, hold, sell, physical silver - i'll probably end up holding something like SLV to fill that role



BaH SLV aka paper silver. Nothing compares to stacking your silver coins in your house and then running your hands over them...






i'm sure that's true.  but physical silver has it's own costs (both monetary and non) associated with it.  paper silver will serve my purpose; as a short-term play. 

i'll pick up some big bars on the side for long-term holdings.


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InvisibleGilgamesh18
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Re: Bottom Finally In For Silver? [Re: memes]
    #21388182 - 03/10/15 05:01 PM (8 years, 11 months ago)

I would pick up some gold as well doesn't hurt to diversify your metals. Kruggerands are nice.


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InvisibleAdden
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Re: Bottom Finally In For Silver? [Re: Gilgamesh18]
    #21388486 - 03/10/15 06:11 PM (8 years, 11 months ago)

I bought a half eagle at a good price in excellent condition. Couldn't pass it up.


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InvisibleGilgamesh18
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Re: Bottom Finally In For Silver? [Re: Adden]
    #21389576 - 03/10/15 08:40 PM (8 years, 11 months ago)

Very nice dystopia I just bought one of these beautiful indian head gold pieces


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