I saw that this afternoon, put a huge smile on my face. I sold almost all of my silver when it hit $37.22, got almost $36 per troy ounce for it. Now that it's tanking, I've got my eye on buying about the same amount back. If it can manage to drop to $28 or lower in the next few months, I'll be selling all of my gold to go 100% into silver for the bounce in the fall.
Last edited by edgeprod; 02-29-2012, 11:59 AM.
Reason: grammar edit
Sucks but if silver drops a bit could be good to buy
You haven't been watching it lately, I guess. We all bought under $29, and advised everyone on here to do the same. I personally sold when it hit $37.22, and got about $36 per troy ounce for the lot.
Romney won Michigan and Arizona, Santorum bit the dust -- the world may not implode unload the gold !!! Sounds stupid but when a market runs amok with speculators trivial daily events become trends.
You haven't been watching it lately, I guess. We all bought under $29, and advised everyone on here to do the same. I personally sold when it hit $37.22, and got about $36 per troy ounce for the lot.
Did you actually buy the metal or did you just use some online thing to buy the right to it..
If you actually bought it .How do you store it? I assume you put in a decent chunk of change.
eh fuck I was going to go unload gold and silver tomorrow. probably still do the silver as it's still hovering around the price I decided to sell it at anyway last week, but the gold, staying in the safe.
funny I saw a 60 mins episode recently where they talked about how India controls over 25% of the gold market and cause of that gold will keep going up. All I could think after watching it was, SHORT GOLD!!!!!!!!
This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
I sold about half a pound of silver bars a few days or more ago for a decently healthy profit, considering it was a wedding gift and was worth a bit over $20 USD/oz at the time 2.5 years ago.
Silver is in for a hell of a ride over the next 10-15 years.
In the short term, anything can happen.
During yesterdays Fed meeting, RP held up a Silver coin and gave the audience a quick history lesson. The moment he held up that coin, 225 million ounces of paper Silver was dumped on the market, over 30 mins, dropping the price by $2/oz.
The only sure way to win is to stack Silver. It is a bullet and a shield.
Did you actually buy the metal or did you just use some online thing to buy the right to it..
If you actually bought it .How do you store it? I assume you put in a decent chunk of change.
Actually bought it. I like to touch it. We just dedicated one of the larger closets to it. If no one knows you have it, it's unlikely you'll be robbed, etc. And now, since it's gone, there's even less of a chance, LOL.
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