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OnlinegeokillsA
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Re: Silver takes a beating [Re: bryguy27007]
    #18862423 - 09/19/13 10:34 AM (10 years, 4 months ago)

Quote:

bryguy27007 said:
Silver is dipping pretty hard right now. Might go down a bit yet.




While silver has been dropping for the last year or so, with the Fed's indication yesterday that they are not planning to ease up on their easy money policy of maintaining artificially low interest rates by means of massive purchases in the bond and mortgage markets, the inflation trade is back on (at least for the time being).  This is why we saw silver and gold rise well over 5% on massive volume, on the heels of the news yesterday.  This could indicate an end to the prevailing downtrend in the metals over the last year, as technically, this sets the chart up for a "higher low" after an extended period of selling off.

As for sources, I use APMEX.com.  As for the "cheapest piece", that could be construed as the one with the least metal in it and no numismatic (aka collector's) value, since it will require the smallest cash outlay to procure.  On the other hand, if you're judging "cheap" based on relative value, it could be construed as larger kilogram bars because they will carry a smaller premium on their purchase price (premium = the price you pay that is above the product's true melt value).  Of course, what you buy will depend on how much money you have in conjunction with your storage limitations.  I would generally suggest 1 oz bullion coins such as American Eagles and Silver Buffalos, Canadian Maples, Mexican Libertads, Austrian Philharmonics and the like.  In other words, well known coins issued by large mints.  With silver, because it won't carry as much value by weight, you could consider larger 10oz or kilogram bars.  I would also consider adding some palladium to a diversified metals portfolio.


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InvisibleStonehenge
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Re: Silver takes a beating [Re: geokills]
    #18862637 - 09/19/13 11:29 AM (10 years, 4 months ago)

USA and most of the world are hooked on qe or counterfeit money. Like all drunken orgies, the party will come to an end some day and the hangover will be killer.

I plan to invest a sizable amount into gold in the near future. Gotta sell some property first. I will stick with coins because bars usually have to be drilled.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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InvisibleAdden
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Re: Silver takes a beating [Re: Stonehenge]
    #19131539 - 11/13/13 02:25 PM (10 years, 2 months ago)

...


Edited by Dystopia (11/20/13 12:06 PM)


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OfflineManianFHS
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Re: Silver takes a beating [Re: Adden]
    #19274690 - 12/14/13 01:07 PM (10 years, 1 month ago)

I just bought 219 Canadian maples.Have been looking for a good time to jump in and this last dip under 20 seemed like the right spot. I remember $17 about 5 months back or so but didnt know if that level would surface again. However, if the price recedes further I will simply buy more.

This year has been the inception of an exciting investment portfolio. By this time next year I should own 500 maples, 10k in stocks, 11k in an IRA, 1 BTC, and 30 LTC :smile:


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notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... "

ChrisWho said: "It's all about the journey, not the destination."


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InvisibleLana
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Re: Silver takes a beating [Re: ManianFH]
    #19282820 - 12/16/13 08:37 AM (10 years, 1 month ago)

I've been doing a good deal of research on government approved, bank inspired "bail-ins".

If you're in the EU, watch this - http://www.cnbc.com/id/101263206

In short, within at least two years, the EU will legally be setup for bail-in procedures.  The USA (in my opinion) isn't far off.

Point is, gold and silver are profitable if you know how to trade them, I think they'll be profitable in the long term.  But when you have governments setting up the legal framework for banks to confiscate their clients own money.    Think about owning a few PM's or at least keeping a little more cash on hand.

Lana
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EU nations agree rules on bank bailouts
http://news.yahoo.com/eu-nations-agree-rules-bank-bailouts-042139852.html

Italy backs 8 percent minimum bail-in for ailing banks
http://www.reuters.com/article/2013/12/10/us-italy-banks-minister-idUSBRE9B90K420131210

From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions
http://www.imf.org/external/pubs/ft/sdn/2012/sdn1203.pdf


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InvisibleAdden
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Re: Silver takes a beating [Re: Lana]
    #20656857 - 10/04/14 09:58 AM (9 years, 3 months ago)

Silver at 16.83


Gold at 1192.00


Recently acquired another $100 FV of $10 Face Value Silver (Cull) (ten qty).

Half of it was all quarters. Got 14 barber quarters in F to XF. Standing lib quarters were undated and slickers. Had four Washington in it, 1935 to 1963.

Half dollars had a few JFK in F or better. No Franklins below VF. One or two walking liberty in XF, which were the bulk. All full dates. Got some 1917 and 1921 with all mintmarks. Coin value of key dates paid for half of it.

I'm very impressed with this purchase. Obviously all will not be like this.

Would buy again just for the fun of searching through dates.

One Lib was 1917 obverse D. One standing lib was type 1. Undated but no stars, neat to just have. I've another in XF from my father and it's just a cool one to have. I can dig it.


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InvisibleAhab McBathsalts
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Re: Silver takes a beating [Re: Adden]
    #26418121 - 01/05/20 06:35 PM (4 years, 23 days ago)

Last poast was almost at the low for gold. Looks like its really taking off again.


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"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."


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