thx for taking the time to post the info Jason! I used to
get that question a lot back when gold and silver were in bull
markets, no one asks these days though the metal has been cut
nearly in 1/2 since that time.
For me if I buy physical I have a local dealer near me who
fairly large, sells for good price and will buy back any quantity.
In late April 2011 I took the day off and sold my physical
silver at $48 an ounce almost at the very top, Steve remembers me
driving there mid day to unload it all, now Silver is in the low
$14's! If I had the balls back then and shorted Silver
Futures, I could have retired LOL. Anyway I haven't purchased any
physical since back in 2010, this area at least it's down over 40%,
though longer term still in bear market.
Anyway before the local place, I bought from kitco.com, which
was okay but also frustrating, and a couple times from Ebay
(shudder never again LOL)
I thought these coins sold for their silver value (a way to
invest in physical silver), not because of rarity or for any
numismatic value, but I'm starting to think otherwise.
yep I'm not sure, I always bought the 100 ounce silver bars
myself, those were impressive to show neighbors at times LOL, the
size of a brick. Apparently they also sell 1000 ounce silver
bars, but my god that has to be the size of a loaf of
bread!
anyway funny story I heard was some guy bought 100 oz silver
bars and painted them black and used them as door stops LOL so if
someone broke in, they would never think to pick up those ugly
black $2000 door stops off the floor
thanks for the gold/silver physical update. I've been curious
about the current environment. I wasn't paying proper attention
when Matt sold his silver, I waited for the next bounce and only
got ~$42+. I keep looking at that ~$14 but Matt hasn't rung the
bell to buy mine back. so i'll wait, although it is tempting. good
trading. Haz
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thx for taking the time
Questions about purchasing physical gold and silver
Posted by matt on 25th of Jan 2016 at 10:23 am
thx for taking the time to post the info Jason! I used to get that question a lot back when gold and silver were in bull markets, no one asks these days though the metal has been cut nearly in 1/2 since that time.
For me if I buy physical I have a local dealer near me who fairly large, sells for good price and will buy back any quantity. In late April 2011 I took the day off and sold my physical silver at $48 an ounce almost at the very top, Steve remembers me driving there mid day to unload it all, now Silver is in the low $14's! If I had the balls back then and shorted Silver Futures, I could have retired LOL. Anyway I haven't purchased any physical since back in 2010, this area at least it's down over 40%, though longer term still in bear market.
Anyway before the local place, I bought from kitco.com, which was okay but also frustrating, and a couple times from Ebay (shudder never again LOL)
Matt, I'm still baffled as to why American Eagle Silver Dollars vary significantly in price by date
Posted by RichieD on 25th of Jan 2016 at 11:46 am
I thought these coins sold for their silver value (a way to invest in physical silver), not because of rarity or for any numismatic value, but I'm starting to think otherwise.
yep I'm not sure, I
Posted by matt on 25th of Jan 2016 at 12:16 pm
yep I'm not sure, I always bought the 100 ounce silver bars myself, those were impressive to show neighbors at times LOL, the size of a brick. Apparently they also sell 1000 ounce silver bars, but my god that has to be the size of a loaf of bread!
anyway funny story I heard was some guy bought 100 oz silver bars and painted them black and used them as door stops LOL so if someone broke in, they would never think to pick up those ugly black $2000 door stops off the floor
thanks for the gold/silver physical
Posted by hazbin1 on 25th of Jan 2016 at 10:45 am
thanks for the gold/silver physical update. I've been curious about the current environment. I wasn't paying proper attention when Matt sold his silver, I waited for the next bounce and only got ~$42+. I keep looking at that ~$14 but Matt hasn't rung the bell to buy mine back. so i'll wait, although it is tempting. good trading. Haz