silver up 93 cents today.. so much for the sell off!
Posted March 5th, 2008 by SIERRAHPBT
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buy on the dips DO NOT SELL INTO STRENGTH... THIS thing hasn't even gotten started yet!
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guys please once again.. to
guys please once again.. to know what is happening in the silver market you must read ted butlers research! www.investmentrarities.co... download his 63 page FREE book! read all his weekly essays going back 10 years.. once you understand this you will see that SILVER is a once in a lifetime opportunity!
$46,000/oz Against US Dollar
If we were to back our money supply with gold if would equal over $46K/oz. That's how bad our debt is.
Why not think about buying NewCorp, stocks at 18.00, and let the "Common Sense" party rule the airwaves?
Because I doubt
that I could get Rupert Murdoch's slime off my stock certificates.
(d)
Nah, I'd rather us buy up
Nah, I'd rather us buy up all their stock and have a hostile takeover!!! Then we retool Fox News with a bunch of new faces and it will become Liberty News!
Great Post!
bump
What are your credentials?
"Whenever I despair, I remember that the way of truth and love has always won. There may be tyrants and murderers, and for a time, they may seem invincible, but in the end, they always fail. Think of it: always"
Gandhi
How much over spot should I pay
for a silver eagle in a coin shop?
--------------------------------------------------------
"No man has a natural right to commit aggression on the equal
rights of another, and this is all from which the laws ought to restrain him." --Thomas Jefferson
I paid
I paid 22 yesterday when it was at around $20.15 or something and thought that it was a good buy because i would be paying much more online and now the government cant track me down!
It's cheaper online
http://bulliondirect.com/...
1% below spot and no sales tax or fees. Shipping is probably around $20 but I can build up my portfolio before having it all shipped at once. If you're buying in bulk I suggest online otherwise you'll end up paying 5% or more to the coin shop.
my local dealer wanted $25 today...
too much?
It's not bad...
...myself, I'm waiting till (if?) we dip back under 20 to make another purchase. Sales taxes can be fairly brutal when you buy under $1000, but then again, I imagine there's some paperwork if you exceed that that would help track you. Am I right there, folks? I be po', so I cain't buy no $1000 o' silver.
No paperwork for me
and I just bought $1000 in dimes, quarters, halves, and dollars. I paid cash and he never asked for a name or any identification. He never mentioned a limit either. That's why I used cash - no paper trail.
Not here
No sales tax and no paper trail when you buy gold or silver bullion at the coin store. At least in Arizona.
You can also avoid sales tax by buying on ebay, although there will be some trail there.
I visited the other day and
I visited the other day and found a recommended site to watch a video about Gold and Silver in 2008 at RichDad.com, their 2008 predictions films. In the one film where the metals guy was talking he said, depending on the state of the US dollar and the depleting amount of silver in the world, coupled with it's many uses, there is no telling how high silver will climb in 2008. Later he talked about Gold going as high as $6,000 oz, if the recession hits world wide, which it looks like it will. Now, I read the ratio is 16/1, which would make silver $375 oz! If Gold does get that high. The highest I've ever heard before this film was $2500 an oz for Gold. I'm sure glad I got into silver early and I think I'll consider buying more.
The current silver/gold
The current silver/gold ratio is approximately 48/1. I believe it is supposed to be 16/1 (I'm not sure if that's traditionally or legally). Silver also is much more scarce than gold. Gold is primarily a consumer metal where silver is in very high demand for various industrial purposes. Around 5% of the worlds silver supply is bought by investors and collectors, the rest goes to industry.
The silver market also has a number of very big (gigantic) investors who have shorted their investment, similar to shorting a stock. Every day that silver goes up those shorts need to cover their margins, costing them something like 600+ million every time silver goes up $1 per ounce. Eventually those shorts will not be able to cover their margins so they will be forced to buy to cover those short shares. At least that's how I'm understanding that part of the silver market. When those shorts buy it will cause silver to go even higher because of the increased demand from the big shorts.
Also, in 1980 silver hit $50 peak while gold hit $850. Gold is $960 or so per ounce now, but silver is still at around $20.
My guess, silver has very far to go just in order to catch up with gold.
Then even further when the scarcity, demand and industrial needs are factored in.
go read ted butler... thats
go read ted butler... thats all you need to know... investmentrarities.com
ted has been saying this for years..
Well, my roommate and
Well, my roommate and girlfriend will be glad they took my advice and bought when it dipped yesterday. I know I am happy about what I bought yesterday. :)
but don't panic if we get a
but don't panic if we get a sharp selloff.. after the sell off its to the moon!
Pardon my ignorance...
"selloff" by who? and why would someone chooses to selloff in times like these?
profit seekers. They will
profit seekers.
They will think silver has topped off and will sell for profits. It could go down, but we know its only going to eventually get much higher.
Also, some
sold off as they had it for awhile and wanted to cash in.
know of any good resources?
I am finally sold on the idea that our dollar completely sucks and gold and silver is a good investment. I definatly cant afford gold but silver may be doable. Does anyone have any links or books that i can check out on the industry and ideas behind buying silver. I obviously want to be informed before i start trading in my fiat dollars and of course dont want to get ripped off or buy too high. thanks
get info at the top of page,
get info at the top of page, swiss america. i bought silver and gold last week. they are very knowledgeable on the subject and very helpful.
the only person you need to
the only person you need to know is ted butler.. he has 2 books that are free to download at invesmentrarities.com he also has atleast 10 years of weekly news letters to read... also buy 90% silver pre 1964 silver US coins... thats what ya need! some silver eagles would be good too.. those will have a huge premium at some point!
more than 1.00 up today
more than 1.00 up today
Finished at +1.04 for the
Finished at +1.04 for the day .... up 5.27% for the day ..ending price 20.79
unreal..... gotta love it!
unreal..... gotta love it! even tho its sad that it has come to this because of a crooked government.. its good to be on the side to help you prosper..
Shop around folks!
I buy my silver rounds from a nearby dealer who right now charges $1.50 over spot. That's more than a lot of the online places, but for 10 ounces, generally all I can afford to buy at a time, it works out to less after shipping. Particularly if you aren't rich enough to buy in volume, you may really want to consider local shops.
Bullion Direct
I've been using bullion direct for exactly that reason. You can buy one or two at a time and then ship once you've built up enough for the math to work out well. CHeck 'em out:
www.bulliondirect.com
Oh, yeah...
...and pay with cash, if you can. No electronic record means Uncle Sam can't track down you seditious metal hoarders.
Do coin stores even accept credit cards?
They probably wouldn't say in business long passing those outrageous cc fees onto customers.
Use Cash!
No trail - and if you pay interest on credit card you loose the profit!
No
Cash or wire transfers only.
I know, I feel so guilty
just think it wasn't that long ago, we used a currancy that actually had silver in it. I bought my first bag of "junk" silver, including a lot of mercury dimes, and I asked the guy if the shop goes through all of them for rare ones. He said only when they have time, which I had a hard time believing since some can be worth a whole lot. Anyway, I if I get the time I will go through them and check them out, who knows I might get lucky.
you never know! i bought a
you never know! i bought a bag of half dollars.. some of those coins I know are high quality!
What do you pay for junk silver
This place did not go by weight, but 15 times face value. I just went with it since he was selling Eagles buillon at what was correct price, so figured it was fair. There were a lot of old dimes and halves and the shop was packed so I just went with it and bought them.
Junk Silver Psychologically
....is not as fun for me, being new to this. Yesterday at a dealers I got $70 face value in half and silver dollars all pre-1964. It works out to $14.25 times face value or $997. This, of course, is based on the silver content as opposed to the bars and rounds.
I also got 10 oz bars @ .40/oz plus spot and 1 oz rounds at .50/oz plus spot. So....with silver going up $1.04 overnight....I'm happy. (The amount over spot goes down the more you buy at this place. Had I gotten 10 10oz bars instead of four, it would only have been .25 over spot. But I wanted those rounds and I wanted some junk silver. )
I'm only posting this because so many of us are in a learning curve. I believe my dealer prices are good. There may be better out there. But those of us who are newbies need this kind of info to make sure we know what we are doing and don't pay too much.
EDIT ADDED: Sierra's post was in response to the 15 x face value sounding a bit high not my post. Although I would be interested in what Sierra thinks about what I paid.
Peter Schiff recommends having some junk silver; however, I have to admit that psychologically I'm so locked into face value that I have trouble relating to my junk silver. I like the rounds and bars better!
that seems high!
that seems high!
The eagle buillion one ounce
was $22, the old halves are 90% silver @$7.50 sounded ok to me. Oh, well I know it will all go up a lot, anyway everyone is out there buying now. I can see stock going down real soon.
lol!!!!!!!!!!!!!!!
lol!!!!!!!!!!!!!!!
adjust for inflation from
adjust for inflation from 1980 silver should be over 160.00!
that does not relate at all
that does not relate at all because those prices were to an entirely different set of circumstances. If you don't know about it research the Hunt Brothers.
WOW
I wasnt watching this today. Big jump!
just wait! we havn't seen
just wait! we havn't seen anything yet!
how to pay online
is it really bad to use a credit card to buy silver online.
How do you guys pay when buying online?
i mean leaving a trail for the govt
to follow.
Is that just with gold, do you think the govt may
confiscate silver in the future?
Is there a way to buy online without leaving a trail?
Christina, the government
Christina,
the government has executive orders on the books that they can confiscate anything at anytime.. all they need is a national emergency..I would buy at your local coin shop.. pay cash and run! or send money orders or cashiers checks where you want to buy!
you can buy actual silver
Fortune Favors the Bold
instead of stock
with
www.apmex.com
you get a discount if you use wire transfer or cashiers check. If you use a credit card you could pay up to 3% more. Do the research!
i don't think so... just
i don't think so... just make sure you can payoff your card when its due next month! or send the company a cashiers check threw snail mail!