Have you tried calling around to see which stores pays the most? A few stores in my area pay spot -$1, but two pay spot. It might take some time to call around, but worth a shot.
Buying physical gold/silver
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Last: 1 day ago by TTUArmy
Dang that is a cool story. I've had 2 different financial advisors over the years that did not recommend to own any physical metal. The told me if I wanted exposure in metals to get into GLD and SLV……….
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Silver at $45
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Red Pear Realty said:
Silver at $45
Bounced off very significant resistance. If this entire structure off the COVID bottom was to be a corrective structure (3-wave upward correction before falling back to the COVID low), this would turn impulsively downward from here. I don't believe that to be the case, and it feels crazy to even think about silver hitting $11 again, but will be watching the support box closely and the path it takes to get there.
Ideally, this current move stretches even higher and then holds $40 on the next pullback before heading to $50+
Also, the gold to silver ratio is still not foreshadowing any sort of impending top in metals. It's actually quite hilarious how little the average investor is involved in this rally. Once they get involved, that would be the action that would take the gold to silver ratio significantly lower and signal a potential end to this metals bull. Clearly not there yet.
Everyone who bought basic physical silver and gold from a reputable dealer during the life of this thread should be well in the green on their stack
And we're just getting underway
And we're just getting underway
jagvocate said:
Everyone who bought basic physical silver and gold from a reputable dealer during the life of this thread should be well in the green on their stack
And we're just getting underway
There were times when I questioned my judgement on the silver allocation of my physical portfolio. I stayed the course on DCA. I'm certainly glad I did.
$53 million lotto for July 2026 silver.
Holy sheet...was that you Heine??
Holy sheet...was that you Heine??
Think I might take profit on SLV today.
Found this in my photos.
November 2015
November 2015
Outdoorag011 said:
Found this in my photos.
November 2015
Interesting - a good buy if you purchased it, no doubt. Curious if they would be willing to buy it back from you, and if so, at what price?
Looking back at my eBay purchase history, it looks like I did not buy it. I was able to snag a Johnson Matthey 100 oz bar in 2019 for $1516. I'm curious too what I would get for it. I might go check in with my LCS and see what they are paying.
Outdoorag011 said:
Looking back at my eBay purchase history, it looks like I did not buy it. I was able to snag a Johnson Matthey 100 oz bar in 2019 for $1516. I'm curious too what I would get for it. I might go check in with my LCS and see what they are paying.
Let us know, and include all the fees for shipping, insurance, etc. I have coins, but this would be good information for all of us. Thanks!
TTUArmy said:
$53 million lotto for July 2026 silver.
Holy sheet...was that you Heine??
It would have been $5,300 if it was me
Red Pear Realty said:
I didn't become interested in precious metals until Jpow fired up the money printing machine in response to COVID. IN FACT, as a student (circa 2008) I was interning with a wealth advisor in BCS and when the market started falling apart, a coach at TAMU called and asked to move all of his money into gold. So my boss had me create an entire PowerPoint presentation on why gold was not a good investment. Not knowing my head from my ass, I dove right in and this coach ended up staying in the market. Looking back, I believe he would have done better in gold. That is actually one of my Roman Empires…I think about that a lot.
If it was Fran or that guy that worked for Fran that would scour social media to try to find people who were anti-Fran, you did the right thing.
Brian Earl Spilner said:
Think I might take profit on SLV today.
Do PMs fluctuate like stocks? Or do they just keep climbing? I guess what I'm asking is if I don't get out now, do I run the risk of it falling way back down again?
Juan Lee Pettimore said:Brian Earl Spilner said:
Think I might take profit on SLV today.
do they just keep climbing?
Oh sweet summer child, let me tell you --- Precious Metal "trees" do not grow to the sky
The higher we go in price, the more turbulence there will be.
Have patience.
Only buy when it is "scary"
That's the best way to make money sooner rather than later in gold and silver and platinum
Juan Lee Pettimore said:Brian Earl Spilner said:
Think I might take profit on SLV today.
Do PMs fluctuate like stocks? Or do they just keep climbing? I guess what I'm asking is if I don't get out now, do I run the risk of it falling way back down again?
Is this like the people in x who say to just keep stacking and metals will keep going up?
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My favorite game is to hit up the coin star machine. This was my haul from a couple of days ago.
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Explain what you do
I'm curious what price point would make y'all sell your stacks of silver/gold?
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I just walk up to a coin star machine and look for the coins that the machine rejected that people left behind. It brings me a lot of joy.
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Nice I'll have to try that
Apache said:
I'm curious what price point would make y'all sell your stacks of silver/gold?
Search a couple pages back. I had a detailed post about the gold to silver ratio and what I would watch for to tell me a metals top is imminent.
I'm not so sure. Imo as the dollar continues to lose value to inflation, metals will continue to increase. If the equities market has a significant retreat from these all time highs, I'd expect metals to really soar.
The real question is which investment will keep up with or ahead of inflation. Which stock, metal, crypto, etc.
The real question is which investment will keep up with or ahead of inflation. Which stock, metal, crypto, etc.
Is platinum doing anything interesting? It's the forgotten metal.
Mas89 said:
I'm not so sure. Imo as the dollar continues to lose value to inflation, metals will continue to increase. If the equities market has a significant retreat from these all time highs, I'd expect metals to really soar.
The real question is which investment will keep up with or ahead of inflation. Which stock, metal, crypto, etc.
The dollar is in a bottoming pattern IMO.
And please go read the post I mentioned. Nowhere did I say metals are imminently topping. I think we have years left of the rally, though I dont expect it to be straight up. If it is straight up, and the gold to silver ratio crosses 50, then theres a good chance a topping process is in action.
KingofHazor said:
Is platinum doing anything interesting? It's the forgotten metal.
Platinum was in the low $900's at the beginning of the year. It's making some progress. It's a pretty small market. Most of it mined in Russia and S. Africa and used more on the industrial side; much like silver. Consider the political issues and tariffs associated with those countries. We could see some fairly strong upward movement in platinum.
Now out of all calls bought in July. Made anywhere from 3x - 5x on every single expiration and strike. Sold another chunk of shares. Still have half of my long-term position. Also bought Nov SLV $39 puts as a hedge.
TTUArmy said:KingofHazor said:
Is platinum doing anything interesting? It's the forgotten metal.
Platinum was in the low $900's at the beginning of the year. It's making some progress. It's a pretty small market. Most of it mined in Russia and S. Africa and used more on the industrial side; much like silver. Consider the political issues and tariffs associated with those countries. We could see some fairly strong upward movement in platinum.
I made some good money on IMPUY over the last year or so. Sold the last of it on Sept. 2 (avg. gain of 70%). I left about 25% more on the table by not holding till now. Not sure where it's headed...
Just left my LCS. They are paying spot for eagles, $-2 on 100 oz bars and 96% of spot on generic rounds.
Outdoorag011 said:
Just left my LCS. They are paying spot for eagles, $-2 on 100 oz bars and 96% of spot on generic rounds.
spot for eagles sounds GOOD and the others are what I have seen, too.
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My goodness...
Are we going to end the week with:
$3,800 Gold
$47 Silver
Are we going to end the week with:
$3,800 Gold
$47 Silver
Yep I should've kept my SLV...
I've followed this thread & pop in & out from time to time. Since devaluing our currency is the trend with no end in sight. Gold could reach 5k by the end of the year. The last five years , everything has been illogical and detached from fundamentals.
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