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  1. #61  
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    Quote Originally Posted by Madisonian View Post
    OK, with new record highs for silver and gold, who's selling, who's holding and who's buying?

    I bought silver recently up to 35 for junk silver, a bit more for an authenticated anniversary Panda (1oz) set.
    Nothing new in physical gold although I have increased positions in some precious metals funds.
    Silver was at $32 an oz when I started this thread 2 months ago. It is at 45 bucks today. Wow. That is one hell of an increase.

    I am not selling. I took some gold out of my safety deposit box to sell, got a quote from APMEX and decided not to sell. This will be second time this year I have changed my mind and will return them back to the bank.

    I bought 10 1 oz MS 69 Panda coins a couple of months ago. Ordered a Kilo Koala and a Kilo elephant coin from Kitco and APMEX in the past few days. I think these are good investments. The Kilo Panda coin I purchased less than a year ago has doubled in value. Salesman called me up to see if I was interested in the 2011 coin. Told him no at that price. A few days later, they were gone. Panda coins are hot items not only because of their beauty but because of low mintage compared to silver eagles. .
    Last edited by lacarnut; 04-20-2011 at 09:16 PM.
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  2. #62  
    Senior Member Madisonian's Avatar
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    ChiCom silver and gold scares the hell out of me. The set I bought had a cert but the seller agreed to 2 independent authentications. Cost me a few extra bucks but too many fakes out there and some of them are very good.
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  3. #63  
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    Quote Originally Posted by Madisonian View Post
    ChiCom silver and gold scares the hell out of me. The set I bought had a cert but the seller agreed to 2 independent authentications. Cost me a few extra bucks but too many fakes out there and some of them are very good.
    I buy from reputable dealers who would make them good if they were fakes. Conversely, I would not them buy off of e-bay.
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  4. #64  
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    Silver delivered the famous "Chuck Norris spinning back-kick to the jaw" that I could sort of smell coming. It went up too fast and for too long without any real correction/consolidation. That was one hell of a run. Overbought for sure. It'll creep back up though.
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  5. #65  
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    Quote Originally Posted by Tecate View Post
    Silver delivered the famous "Chuck Norris spinning back-kick to the jaw" that I could sort of smell coming. It went up too fast and for too long without any real correction/consolidation. That was one hell of a run. Overbought for sure. It'll creep back up though.
    *Bump*

    Ok, it's creeping. I still don't own silver, but I know lotsa y'all do. And somebody may have lost some sleep over the last few weeks as silver edged downward toward 32 -34.
    Now it's headed back up. Everyone here but me said it would. OK.

    Watcha gonna do? Need to have a plan, now.:)

    No one asked me, and I got to gettin' in peoples face about all this stuff, but what I would do is pick a point - I don't know where, maybe 45? - and protect my profits at that point with a protective put. That'll lock in your profit and if it goes higher you'll still be on the train. If it falls off the cliff you'll still be at 45.

    Not sure what a protective put is? It's an option. You'll have to take a little course from a broker before he will let you buy an option, but it's just an hour or so. It's nothing. If it keeps roaring away, you can buy another put at 50, or 55, or whatever. You insure your house; your car; insure your profit! Someday, it'll save your ass.
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  6. #66  
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    Quote Originally Posted by TruckerMe View Post
    *Bump*

    Ok, it's creeping. I still don't own silver, but I know lotsa y'all do. And somebody may have lost some sleep over the last few weeks as silver edged downward toward 32 -34.
    Now it's headed back up. Everyone here but me said it would. OK.
    That is an outright lie. On post #22, I stated that Silver was due for a pullback because it has gone up too far and too fast. Get your facts straight. I bought more gold and silver when the prices dropped.

    You seem to be stuck on selling. I am not planning on selling my physical gold and silver, period. I will keep it because over the last few years gold and silver has skyrocketed. As the value of the dollar depreciates, it will continue to outpace those dollars you are holding. I sleep very well knowing that fact.

    Also, you do not know the difference between an investment and money. Paper securities like metal ETF's are investments. Owning physical gold and silver is not an investment. It is a hedge against inflation and it is MONEY. I can walk into a coin shop and cash my coins in any day of the week except Sunday.

    I don't understand the anti-gold and silver naysayers out there. What difference does it make to them. A 5 to 10% investment in metals gives you another layer of diversity. I despise rental property but I would never try to discourage anyone that wants to go into that business. I had to clean, paint and fix up rental property that my parents owned. I don't have the patience to fool with that.

    If you do not want to invest in gold and silver that is your prerogative. I don't understand why people like you are so negative on them. Oh, and don't give me this crap that you are trying to insulate people on this board from losing money. You can lose money in any investment.
    Last edited by lacarnut; 05-26-2011 at 08:07 PM.
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  7. #67  
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    :)You didn't really understand my post, did you?:)

    Never mind. I put you on my ignore list.
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  8. #68  
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    Quote Originally Posted by TruckerMe View Post
    :)You didn't really understand my post, did you?:)

    Never mind. I put you on my ignore list.
    That really breaks my pea picking heart.

    I don't understand your post. You mean the bs part about you were the only one that stated that silver was headed for a correction.

    BTW, you do not understand those that purchase coins and bullion that do it for a hobby and for the beauty of different coins. Appreciation of value is an added bonus. An ETF, ETN, Bonds and Stocks do NOT give me that pleasure.
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  9. #69  
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    Quote Originally Posted by TruckerMe View Post
    *Bump*

    Ok, it's creeping. I still don't own silver, but I know lotsa y'all do. And somebody may have lost some sleep over the last few weeks as silver edged downward toward 32 -34.
    Now it's headed back up. Everyone here but me said it would. OK.

    Watcha gonna do? Need to have a plan, now.:)

    No one asked me, and I got to gettin' in peoples face about all this stuff, but what I would do is pick a point - I don't know where, maybe 45? - and protect my profits at that point with a protective put. That'll lock in your profit and if it goes higher you'll still be on the train. If it falls off the cliff you'll still be at 45.

    Not sure what a protective put is? It's an option. You'll have to take a little course from a broker before he will let you buy an option, but it's just an hour or so. It's nothing. If it keeps roaring away, you can buy another put at 50, or 55, or whatever. You insure your house; your car; insure your profit! Someday, it'll save your ass.
    My dollar cost average is only ~$12/oz so I'm certainly not losing any sleep. I'll leave trading the daily paper silver plays to the Gordon Gekko's of the world -- I don't have the time for it. I'm only interested in the physical metal.
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  10. #70  
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    Quote Originally Posted by Tecate View Post
    My dollar cost average is only ~$12/oz so I'm certainly not losing any sleep. I'll leave trading the daily paper silver plays to the Gordon Gekko's of the world -- I don't have the time for it. I'm only interested in the physical metal.
    Even though silver has dropped 30% this year, silver is still up around 10% since Jan 1. There are many stock pickers and fund managers that would give their left nut for this type of return. Plus silver was up 100% in 2010. Gold was up 40%. I am sleeping good also. Most of my stash is in silver and gold coins but I do dabble in ETF's. Buying and holding in both has been a good/profitable strategy for the last 10 years.
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