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Seraphim
02-29-2012, 03:14 PM
http://www.kitcosilver.com/

Practice what I preach.

Woke up this morning and saw a lovely birthday present.

Bought some silver when it was down 2.50$.

BTFD!!!!!

Seraphim
03-01-2012, 01:34 PM
I really hope some of you with cash boguht yesterdays huge dip. If today is any indication, it is that there are many strong hands here at play.

If gold stays above 1720$, futures and leveraged contracts are likely to take off on the wildly bullish side of things.

When a market plunges like it did yesterday, rebounds up sharply and then holds those new gains - it's a bullish indicator. Long term investors usually add to their positions, but what sends it into overdrive are the leveraged speculators who enter to make some dough.

Seraphim
03-01-2012, 01:41 PM
Silvers bounce today;

http://www.kitcosilver.com/charts/24hoursspot.html

Gold's lesser but still relevant bounce;

http://www.kitco.com/charts/popup/au24hr3day.html

Silver was a screaming deal yesterday.

Funny enough when I called the dealer and booked the price, I told him I'd pick it up the day after (which is today- and I did)...and he asked me to call back to book the price on the day of. I said no and got him to book the price then and there. It was as if he knew it would bounce up, lol.

I got it at the EXACT bottom. A bit lucky, but I'm pleased nonetheless.

xFiFtyOnE
03-01-2012, 01:56 PM
I should have some cash by next friday...hope fricking silver isn't $40 by then.

Seraphim
03-01-2012, 02:16 PM
Well it is 40$ to buy physical right now.


I should have some cash by next friday...hope fricking silver isn't $40 by then.

tfurrh
03-01-2012, 02:28 PM
Where can you sell your silver for the full spot price?

ronpaulfollower999
03-01-2012, 02:31 PM
Booo! I wanted sub $33. :(

Hitman83
03-01-2012, 02:32 PM
I don't have the money to dump into gold, but is silver the next best thing to start with? Coins, bullion, something else? What's a good place to start learning about this stuff?

It also seems like I have to dig to find charts about precious metals (with as much history as possible). Is the OP website as good as I'm going to get?

Scratch that last part....I explored for one minute on that site and found some great historical info.

ronpaulfollower999
03-01-2012, 02:42 PM
Kitco silver forums will probably more helpful in answering everyone's questions:

https://www.kitcomm.com/forumdisplay.php?f=8

Silver was my first PM inevestment. Eventually got into gold. I think the best advice for newbies is to spread out when you buy, that way you don't have to pay too much attention to the price. Ex: buy 10 ounces every other Friday. After a few months you'll get use to the crazy swings. :D

youngbuck
03-01-2012, 02:42 PM
I don't have the money to dump into gold, but is silver the next best thing to start with? Coins, bullion, something else? What's a good place to start learning about this stuff?

It also seems like I have to dig to find charts about precious metals (with as much history as possible). Is the OP website as good as I'm going to get?

Scratch that last part....I explored for one minute on that site and found some great historical info.

apmex.com also has plenty of charts.

Hitman83
03-02-2012, 02:24 PM
I have been reading through the forums at Kitco and browsing the available stock at both Kitco and Apmex. I think I'm going go with 5oz silver bars. What is the difference in the various bars? I see "Year of the Dragon", "Sunshine Minting", "APMEX", etc. It appears that several are the same spot price, but occasionally vary by the premium. Am I just choosing preference at this point, you think, or is there some noticeable difference I'm overlooking (all are rated at .999 fine)?

I'm checking out a local coin show this weekend to see if they have anything like this available. If not, I'm a coin collector, so it won't be a total loss.

GrahamUK
03-02-2012, 02:51 PM
I really hope some of you with cash boguht yesterdays huge dip. If today is any indication, it is that there are many strong hands here at play.

If gold stays above 1720$, futures and leveraged contracts are likely to take off on the wildly bullish side of things.

When a market plunges like it did yesterday, rebounds up sharply and then holds those new gains - it's a bullish indicator. Long term investors usually add to their positions, but what sends it into overdrive are the leveraged speculators who enter to make some dough.

It wasn't just silver and gold that tanked, other commodities and major currency pairs dropped too.

ronpaulfollower999
03-02-2012, 04:31 PM
I have been reading through the forums at Kitco and browsing the available stock at both Kitco and Apmex. I think I'm going go with 5oz silver bars. What is the difference in the various bars? I see "Year of the Dragon", "Sunshine Minting", "APMEX", etc. It appears that several are the same spot price, but occasionally vary by the premium. Am I just choosing preference at this point, you think, or is there some noticeable difference I'm overlooking (all are rated at .999 fine)?

I'm checking out a local coin show this weekend to see if they have anything like this available. If not, I'm a coin collector, so it won't be a total loss.

Year of the Dragon is the current Chinese year or something like that. The premium on something like that is pretty high so I normally avoid, but I'm not so much into the coin collecting but wealth preservation. I like to stack American Silver Eagles and the pre-1964 dimes, quarters, etc. Can't go too wrong with the bars either….I have a few of those.

Another site that I've been using lately and like a lot is Gainesville Coins. http://www.gainesvillecoins.com/

Paul Or Nothing II
03-03-2012, 04:04 AM
It wasn't just silver and gold that tanked, other commodities and major currency pairs dropped too.

Because dollar was going up & since all the major commodities are denominated in dollars, when the dollar strengthens, commodities take a hit & vice versa; you'll usually see that to be the case unless there are other extraneous supply & demand factors in the mix as well


Year of the Dragon is the current Chinese year or something like that. The premium on something like that is pretty high so I normally avoid, but I'm not so much into the coin collecting but wealth preservation. I like to stack American Silver Eagles and the pre-1964 dimes, quarters, etc. Can't go too wrong with the bars eitherů.I have a few of those.

Another site that I've been using lately and like a lot is Gainesville Coins. http://www.gainesvillecoins.com/

I agree, if someone is looking at gold & silver as "investment" then they need to study it more carefully because they can be volatile in the short-term due to volatility of the toilet-paper-money that they're denominated in so it's true, they're more for "wealth preservation" over a period of time as they'd retain their purchasing-power better than most things, especially longer time-scales like 10, 20, 30, 40 years from now because of their scarcity & other monetary characteristics

Trigonx
03-03-2012, 04:25 AM
You guys can thank me. I bought the day before the dip, thus ensuring a dip. And I bought some 2 days before the dip.

Tinnuhana
03-03-2012, 05:10 AM
My dealer's in the states and gets back on the 8th. I hope he got some good deals on the remaining Morgans I need. But he was gone for the dip, so I didn't get to buy anything. Oh, well.

Seraphim
03-03-2012, 10:02 PM
If it's any consolation, those who purchase physical silver under 100$ will ultimately come out as winners. Under 50$ = champion. under 20$= Uber champion.



You guys can thank me. I bought the day before the dip, thus ensuring a dip. And I bought some 2 days before the dip.

cubical
03-04-2012, 11:29 AM
If it's any consolation, those who purchase physical silver under 100$ will ultimately come out as winners. Under 50$ = champion. under 20$= Uber champion.

I agree. People who bought gold at $500 or $600 or $700 are no longer feeling like they missed the big gains by not buying at $300.

Trigonx
03-05-2012, 09:53 AM
BTFD :) For those who didn't buy yet, today looks like a decent dip.

Trigonx
03-05-2012, 09:59 AM
If it's any consolation, those who purchase physical silver under 100$ will ultimately come out as winners. Under 50$ = champion. under 20$= Uber champion.

I agree 100%. I've been stacking away, using dollar averaging instead of trying to time it. As i have mentioned earlier i'm not good at timing the market.

Seraphim
03-05-2012, 10:37 AM
I'm 24 with a new 15 (1 year in) mortgage and limited income. To buy silver, I MUST be good at timing the market to stretch my savings as far as possible.

So far so good :). lol


I agree 100%. I've been stacking away, using dollar averaging instead of trying to time it. As i have mentioned earlier i'm not good at timing the market.

WilliamC
03-05-2012, 11:26 AM
Where can you sell your silver for the full spot price?

Craigslist, offer it for ~2 or 3% below spot and don't respond to the low-ball offers.

Meet the other party at a bank and only trade for cash.

Or so I've been told...

Seraphim
03-05-2012, 12:12 PM
Yeeeehaww! BTFD!!

http://www.kitcosilver.com/

Betcha if it dips below 30$ there will be wait times for many, many places.

ronpaulfollower999
03-06-2012, 08:12 AM
Under 33. Can we see some 20's next? :D

Trigonx
03-06-2012, 08:17 AM
Seriously.... whenever I purchase a roll or two of silver, the prices plummet the following week. Good thing I got some dry powder left :)

Trigonx
03-06-2012, 08:52 AM
Until 3 PM CST Today(March 6th), you can get 2012 Austrian Philharmonics for only $1.99 over spot at apmex

http://www.apmex.com/Category/595/Austrian_Silver_Philharmonics2012__Prior.aspx

seraphson
03-06-2012, 09:02 AM
Until 3 PM CST Today(March 6th), you can get 2012 Austrian Philharmonics for only $1.99 over spot at apmex

http://www.apmex.com/Category/595/Austrian_Silver_Philharmonics2012__Prior.aspx

I was always curious about the pretty silver. Is it really worth it? Thus far I've only bought junk silver and bars due to their "efficiency" or bang per buck. Silver Eagles have a $2.5 spot premium per oz. That premium just seems to stack up way too quickly if I'm just stacking for preservation.

Trigonx
03-06-2012, 09:13 AM
I was always curious about the pretty silver. Is it really worth it? Thus far I've only bought junk silver and bars due to their "efficiency" or bang per buck. Silver Eagles have a $2.5 spot premium per oz. That premium just seems to stack up way too quickly if I'm just stacking for preservation.

Silver is silver in all honesty. I love some of the pretty silver, and I love me some junk silver. I think it is worth it depending on the coin you get. In late 2010 I bought some Canadian Silver Wolves for $24.10. And today the same place i bought them, AMPEX, is selling them for $74.00

Seraphim
03-06-2012, 11:40 AM
Liquidity.

Junk silver is 90% liquid. Bullion is basically 100% liquid.


I was always curious about the pretty silver. Is it really worth it? Thus far I've only bought junk silver and bars due to their "efficiency" or bang per buck. Silver Eagles have a $2.5 spot premium per oz. That premium just seems to stack up way too quickly if I'm just stacking for preservation.

Seraphim
03-06-2012, 11:41 AM
Today is a market wide thing. Major stock indexes (DOW, TSX, NYSE) are all getting hammered.

BTFD

Trigonx
03-14-2012, 09:31 AM
btfd.

Schiff_FTW
03-14-2012, 11:04 AM
silver for only 99 cents over spot per oz: http://www.apmex.com/product/27024/.aspx?utm_source=ActOn&utm_medium=email&utm_campaign=031312Aban1

seraphson
03-14-2012, 11:50 AM
BTFD UPDATE: Silver down $1.62.

Trigonx
03-14-2012, 12:21 PM
wtf under $32. Jeeze.

Seraphim
03-14-2012, 01:38 PM
If the next deflationary crash is THIS year, expect it to drop into the low to mid 20's.

Also, at those prices...don't expect to be able to get much of the physical metal.



wtf under $32. Jeeze.

seraphson
04-04-2012, 08:03 AM
BTFD? Down $52.90/$1.32

xFiFtyOnE
04-04-2012, 08:26 AM
BTFD? Down $52.90/$1.32

$52.90?

seraphson
04-04-2012, 09:07 AM
$52.90?

Gold/Silver

gerryb
04-04-2012, 09:10 AM
Well it is 40$ to buy physical right now.

wut?

ronpaulfollower999
04-04-2012, 09:15 AM
Got some 90%ers coming in the mail.

:D

The Freethinker
04-04-2012, 11:13 AM
Get them while they're still "cheap" because the day will come when only those of us who have very sizeable FRNs in the bank or get paid very high incomes will be able to afford them. I didn't think I'd be getting this much inventory this early in the year, but I'm not complaining - not with these prices.

seraphson
04-04-2012, 01:30 PM
I think I'm still going to wait for a dip below $1599 in gold. I think it will happen. I haven't the slightest bit of data to support this claim but it's one of those feelings. (gamblers gut!)

Trigonx
06-28-2012, 11:38 AM
BTFD!!

Good day to buy the fucking dip :)

Dr.3D
06-28-2012, 01:10 PM
Doesn't it usually dip near the end of the month? :D

Seraphim
06-28-2012, 05:19 PM
Gold/silver front ran the crash of 2008. They dropped a lot in the months preceeding the crash, the crash came and gold/silver rebounded in a big way.

Prepare for the crash of 2012. Once the crash truly begins, PM's will go up...WITH FURIOUS VENGEANCE.

The front running/consolidation is nearly complete.

Roughly 1 year ago I stated that in a real crash scenario silver would be likely to touch down to the 20$ mark (18-22$ or so). We're getting there.

A lot of the speculative money in PM's has cashed out to cover nonsense leverage/risk.

Crash, crash, crash is upon us.

Seraphim
06-29-2012, 03:30 PM
Perhaps a bit coincidental (not really though :cool:), but:

http://www.kitcosilver.com/

That's the largest up day I've seen in a while for silver/pm's.


Gold/silver front ran the crash of 2008. They dropped a lot in the months preceeding the crash, the crash came and gold/silver rebounded in a big way.

Prepare for the crash of 2012. Once the crash truly begins, PM's will go up...WITH FURIOUS VENGEANCE.

The front running/consolidation is nearly complete.

Roughly 1 year ago I stated that in a real crash scenario silver would be likely to touch down to the 20$ mark (18-22$ or so). We're getting there.

A lot of the speculative money in PM's has cashed out to cover nonsense leverage/risk.

Crash, crash, crash is upon us.

Dr.3D
06-29-2012, 04:06 PM
Perhaps a bit coincidental (not really though :cool:), but:

http://www.kitcosilver.com/

That's the largest up day I've seen in a while for silver/pm's.

Did contracts expire yesterday?