Time to sell?. over $22 today...$24..ummm... at $25...$30...$35..$46.66 huh!
- Thread starter maine_Jim
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maine_Jim
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- #22
Thread Owner
Re: Time to sell?...creeped over $22 today....I mean $23
Holy cr*p...this is getting tempting now to sell some. I bought some gold a month ago and thought the premium was high then but liked the coin. The high premium is almost covered now. Might be a good time to fill the oil/gas tanks and stock up some food stuffs I think everything is going to start getting expensive....
Maine_Jim
Holy cr*p...this is getting tempting now to sell some. I bought some gold a month ago and thought the premium was high then but liked the coin. The high premium is almost covered now. Might be a good time to fill the oil/gas tanks and stock up some food stuffs I think everything is going to start getting expensive....
Maine_Jim
Rich Hartford
Silver Member
Re: Time to sell?...creeped over $22 today....I mean $23
Always a good idea to be stocked up. I stocked up on a bunch of Gulf seafood. Got it cheap.Doesn't need to be refrigerated and it glows in the dark.
HH
Rich
maine_Jim said:
Always a good idea to be stocked up. I stocked up on a bunch of Gulf seafood. Got it cheap.Doesn't need to be refrigerated and it glows in the dark.
HH
Rich
timbobwey
Bronze Member
Re: Time to sell?...creeped over $22 today....I mean $23
I think I'm going to wait till it hits 25, because I think it will soon. It'd be nice if you knew when it was at it's highest, but there's just no way to tell.
I think I'm going to wait till it hits 25, because I think it will soon. It'd be nice if you knew when it was at it's highest, but there's just no way to tell.
Silver Stripe
Bronze Member
Re: Time to sell?...creeped over $22 today....I mean $23
Gold and silver ratio is dropping lil by lil, I'm wanting to turn LB's of silver into OZ's of little gold coins for portability sake but I'm trying to wait for 50:1. HH Mark
Gold and silver ratio is dropping lil by lil, I'm wanting to turn LB's of silver into OZ's of little gold coins for portability sake but I'm trying to wait for 50:1. HH Mark
Gold_Striker
Full Member
Re: Time to sell?...creeped over $22 today....I mean $23
WAIT DON'T SELL YET !
When To Sell? FIND OUT WATCH THIS!
[youtube=425,350]http://www.youtube.com/watch?v=KLa5FgkGhkw[/youtube]
WAIT DON'T SELL YET !
When To Sell? FIND OUT WATCH THIS!
[youtube=425,350]http://www.youtube.com/watch?v=KLa5FgkGhkw[/youtube]
2Cents
Full Member
Re: Time to sell?...creeped over $22 today....I mean $23
Silver traders are taking profits today.
Silver traders are taking profits today.
packerbacker
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Re: Time to sell?...creeped over $22 today....I mean $23
It's at 22.66 right now. It fell quickly but started back up a little. It broke that $23 barrier so it will get back there again soon. The dollar sucks. In Europe they have a saying similar to one of ours. "A dollar for your thoughts".
It's at 22.66 right now. It fell quickly but started back up a little. It broke that $23 barrier so it will get back there again soon. The dollar sucks. In Europe they have a saying similar to one of ours. "A dollar for your thoughts".
maine_Jim
Bronze Member
- #29
Thread Owner
Re: Time to sell?...creeped over $22 today....I mean $23...wowsas...$24
Closed at $24 today, silver is up over $3 or 12.5% in less than a month. I also noticed my weekly run to the grocery store was up about the same percentage. Gasoline is up 20 cents a gallon or about 7.5% in the same period. Today I'm glad I held my silver but anyone thinking the bubble is ready to pop?
Maine_Jim
Closed at $24 today, silver is up over $3 or 12.5% in less than a month. I also noticed my weekly run to the grocery store was up about the same percentage. Gasoline is up 20 cents a gallon or about 7.5% in the same period. Today I'm glad I held my silver but anyone thinking the bubble is ready to pop?
Maine_Jim
jim4silver
Silver Member
Re: Time to sell?...creeped over $22 today....I mean $23...wowsas...$24
Surely there will be a correction sometime, but will it be next week or when silver is 30 bucks, with a drop to 24? I keep thinking we will get a drop, but everyday it keeps getting higher. Apparently the big money traders see something in PMs in that this rise is not due to average gold and silver bugs buying a few ounces from the local coin store.
Unless a person needs the cash or already has a huge PM stash, it is unwise I feel to sell now with a hope to buy back later cheaper. Even if silver drops and gets cheaper the premiums will be higher than now.
Some people are afraid to be left holding the bag like in the early 80s when silver and gold dropped after they shelled out over 800 per ounce for Au and 35 or so for Ag. I don't think we are near the top yet though. Also, the dollar and world economy are nowhere near as strong now as they were then. Would be interesting to look at a chart showing the amount of dollars floating around then as compared to now, or the amount of the gov debt, etc.
I think in a year or two we will look back and laugh at how cheap gold and silver are now, just like we do when we look back to 2002, etc.
Just my biased 2 cents.
Jim
maine_Jim said:
Surely there will be a correction sometime, but will it be next week or when silver is 30 bucks, with a drop to 24? I keep thinking we will get a drop, but everyday it keeps getting higher. Apparently the big money traders see something in PMs in that this rise is not due to average gold and silver bugs buying a few ounces from the local coin store.
Unless a person needs the cash or already has a huge PM stash, it is unwise I feel to sell now with a hope to buy back later cheaper. Even if silver drops and gets cheaper the premiums will be higher than now.
Some people are afraid to be left holding the bag like in the early 80s when silver and gold dropped after they shelled out over 800 per ounce for Au and 35 or so for Ag. I don't think we are near the top yet though. Also, the dollar and world economy are nowhere near as strong now as they were then. Would be interesting to look at a chart showing the amount of dollars floating around then as compared to now, or the amount of the gov debt, etc.
I think in a year or two we will look back and laugh at how cheap gold and silver are now, just like we do when we look back to 2002, etc.
Just my biased 2 cents.
Jim
SFBayArea
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Re: Time to sell?...creeped over $22 today....I mean $23...wowsas...$24
I would not sell right now.. if anyone watched CNBC, they talked about the FED using "quantitative easing" to try to rebound the economy. Basically it just means they are printing more money to buy up U.S. Bonds forcing people to put their money elsewhere like the stock market and commodities. Commodities rose merely based on increased paper money out there pointing to further devaluation of the dollar and eventual inflation down the road. The U.S. doesn't seem to care about devalution of the dollar anyhow since all the jobs are overseas. A lower dollar will make U.S. products more competitive overseas and foreign products more expensive here. They hope that eventually this may lure companies in the U.S. to start hiring more here. At least, that is the theory. Based on this, I see that commodity prices are here to stay at least at these levels. With further devalution of paper money and inflation, higher metal prices are here to stay at least for a while.
I would not sell right now.. if anyone watched CNBC, they talked about the FED using "quantitative easing" to try to rebound the economy. Basically it just means they are printing more money to buy up U.S. Bonds forcing people to put their money elsewhere like the stock market and commodities. Commodities rose merely based on increased paper money out there pointing to further devaluation of the dollar and eventual inflation down the road. The U.S. doesn't seem to care about devalution of the dollar anyhow since all the jobs are overseas. A lower dollar will make U.S. products more competitive overseas and foreign products more expensive here. They hope that eventually this may lure companies in the U.S. to start hiring more here. At least, that is the theory. Based on this, I see that commodity prices are here to stay at least at these levels. With further devalution of paper money and inflation, higher metal prices are here to stay at least for a while.
Rich Hartford
Silver Member
Re: Time to sell?...creeped over $22 today....I mean $23...wowsas...$24
Today I traded junk 40's for some gold . The silver was all aquired from CRHing. It's like getting free gold. Free gold has a superior heft and jingle to it.
HH
Rich
Today I traded junk 40's for some gold . The silver was all aquired from CRHing. It's like getting free gold. Free gold has a superior heft and jingle to it.
HH
Rich
$ilver$urfer
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Re: Time to sell?...creeped over $22 today....I mean $23...wowsas...$24
LMAO - PRICELESS!!!
HH,
$ilver$urfer
Rich Hartford said:Today I traded junk 40's for some gold . The silver was all aquired from CRHing. It's like getting free gold. Free gold has a superior heft and jingle to it.
HH
Rich
LMAO - PRICELESS!!!
HH,
$ilver$urfer
Jimmy@romega
Full Member
Re: Time to sell?...creeped over $22 today....I mean $23...wowsas...$24
I saw a commercial the other day they said that china is hoarding our silver and gold and they are rich!!! It's just a matter of time that silver will peak in the hundreds!!! Yeah I seriously dought that will ever happen.
I saw a commercial the other day they said that china is hoarding our silver and gold and they are rich!!! It's just a matter of time that silver will peak in the hundreds!!! Yeah I seriously dought that will ever happen.
maine_Jim
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- #35
Thread Owner
Re: Time to sell?...creeped over $22 today.....$24 - well there it is $25!
Well there it is - woke up this morning and apmex has silver at $25.30
.
I know a lot of you have talked about cashing out at $25. Is this the day or are you gonna wait for the next hurdle. I'm guessing that hurdle might be $30. Anyone betting on silver crashing back to $15 by the spring and presenting a good opportunity? I'm still on the fence.
Maine_Jim
Well there it is - woke up this morning and apmex has silver at $25.30
.I know a lot of you have talked about cashing out at $25. Is this the day or are you gonna wait for the next hurdle. I'm guessing that hurdle might be $30. Anyone betting on silver crashing back to $15 by the spring and presenting a good opportunity? I'm still on the fence.
Maine_Jim
joad
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Re: Time to sell?...creeped over $22 today...$24..ummm..now we are at $25!
Lots of short covering. The Feds decision yesterday to print more money and buy our debt will keep the metals going straight up. Must be nice to be able to print money to pay your bills. Inflation is just around the corner, but luckily for us silver will inflate as well.
Joad
Lots of short covering. The Feds decision yesterday to print more money and buy our debt will keep the metals going straight up. Must be nice to be able to print money to pay your bills. Inflation is just around the corner, but luckily for us silver will inflate as well.
Joad
packerbacker
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Re: Time to sell?...creeped over $22 today...$24..ummm..now we are at $25!
Yep, if inflation hits, and it looks more likely every day, commodities including gold, silver, copper, oil, foods etc. will just keep going up. That's what happens when they flood the market with "stimulus". Could last for a year or two. Glad we raise a lot of our own food.
Yep, if inflation hits, and it looks more likely every day, commodities including gold, silver, copper, oil, foods etc. will just keep going up. That's what happens when they flood the market with "stimulus". Could last for a year or two. Glad we raise a lot of our own food.
JD-GA
Sr. Member
Re: Time to sell?...creeped over $22 today...$24..ummm..now we are at $25!
Yeah looks like they are printing $900 billion to buy back treasury bonds. Food will continue to go up for a while and precious metals will keep going although the dollar we get when we sell our precious metals wont go very far since other stuff will take more of them to buy than it does now.
Yeah looks like they are printing $900 billion to buy back treasury bonds. Food will continue to go up for a while and precious metals will keep going although the dollar we get when we sell our precious metals wont go very far since other stuff will take more of them to buy than it does now.
maine_Jim
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- #39
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Re: Time to sell?...creeped over $22 today...$24..ummm..now we are at $25...$30.
Well - didn't take long to hit $30. Same question - anyone selling? Is this a bubble getting ready to burst? I'm still on the fence and still holding - but a 40% rise in three months is unbelievable! Sure is easier when most of it came at face!
Maine_Jim
Well - didn't take long to hit $30. Same question - anyone selling? Is this a bubble getting ready to burst? I'm still on the fence and still holding - but a 40% rise in three months is unbelievable! Sure is easier when most of it came at face!
Maine_Jim
fistfulladirt
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Re: Time to sell?...creeped over $22 today...$24..ummm..now we are at $25...$30.
Nope! Worked too hard to sell at any price!maine_Jim said:Well - didn't take long to hit $30. Same question - anyone selling? Is this a bubble getting ready to burst? I'm still on the fence and still holding - but a 40% rise in three months is unbelievable! Sure is easier when most of it came at face!
Maine_Jim
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