Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Would u buy this silver?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
 
Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-02-09 06:38 PM
Original message
Would u buy this silver?
Printer Friendly | Permalink |  | Top
pokercat999 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-02-09 06:48 PM
Response to Original message
1. $14.995 per ounce, what's the fraud? Silver traded between
Edited on Fri Oct-02-09 06:49 PM by pokercat999
$15.90 and $16.14 on todays NY spot market.

http://www.kitco.com/charts/livesilver.html


But no, I wouldn't buy silver or gold.
Printer Friendly | Permalink |  | Top
 
Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-02-09 07:02 PM
Response to Reply #1
4. no feedback and wheely wheely bad, bad engrish
Silver rounds listed in the Roosevelt dime category.......Chinese or Nigerian fraud
Printer Friendly | Permalink |  | Top
 
thecrow Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-02-09 06:49 PM
Response to Original message
2. What's he selling? Nickels?
Printer Friendly | Permalink |  | Top
 
Crabby Appleton Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-02-09 06:59 PM
Response to Reply #2
3. I wouldn't buy them off ebay, but there are 1oz silver buffalo rounds
Printer Friendly | Permalink |  | Top
 
Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-02-09 09:28 PM
Response to Original message
5. dumm phucks kant even kopi payst
Printer Friendly | Permalink |  | Top
 
pokercat999 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 07:58 AM
Response to Original message
6. Ebay now shows a winning bid of $3170.00 or $15.85 per oz. nt
Printer Friendly | Permalink |  | Top
 
Po_d Mainiac Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-03-09 09:06 PM
Response to Reply #6
7. They should have gone for $17+
Just for HaHa's, I take a look in a couple weeks for feedback
Printer Friendly | Permalink |  | Top
 
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-07-09 12:25 AM
Response to Reply #7
13. Why should they be going for $17+?
It's not like they're government issue-- they're just privately-minted silver rounds which barely trade for more than "melt" value.
Printer Friendly | Permalink |  | Top
 
EmeraldCityGrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-04-09 02:19 AM
Response to Original message
8. I bought gold @ 530 and not regretting it.
Printer Friendly | Permalink |  | Top
 
pokercat999 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-04-09 06:56 AM
Response to Reply #8
9. When will you sell? I've considered gold as opposed to my
cash reserves but I can't get a handle on why I would want to own it. You can only make a profit when and if it increases in value and to realize that profit you must sell the asset. At least my cash deposited in my credit union is available without penalty and is as safe as any investment can be and even though the interest rate is very low at least it provides some interest. Deflation has the effect of increasing that interest or increasing the "value" of the cash. What will be the effect of deflation on gold? Should you pick a point to sell and then re-buy if the value goes down? At this point you have a potential profit of about 45% should you sell half and hold the remainder?

Like I said I just can't seem to get my arms around the idea of investing in gold. What are your thoughts?
Printer Friendly | Permalink |  | Top
 
EmeraldCityGrl Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-04-09 12:11 PM
Response to Reply #9
10. I bought as a hedge against the dollar
and in the worst case scenario, as an alternative currency. The investment represents about 10% of total investments so I don't lie awake nights worrying about it.
My original plan was to sell @1000, but I keep hearing gold is being held at artificially low prices and I believe there is some truth to that. A few months ago when
prices were in the 800's I tried to buy more but was discouraged by the difficulty in doing so with reputable traders. If Gold should drop dramatically
I have some concern it would be equally difficult to sell. In that event i have no problem handing it down to my kids for long term investment.

Everything hinges on the dollar. If gold were to go to 1500 or even 2000 and the dollar was in free fall I would still be inclined to keep it. If gold drops to 800
or slightly below and the dollar gains strength, I would sell given the opportunity. I'm not very savvy and extremely cautious but it has worked for me so far.
Printer Friendly | Permalink |  | Top
 
Why Syzygy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-05-09 03:34 PM
Response to Reply #9
11. Watch this.
Edited on Mon Oct-05-09 03:35 PM by Why Syzygy
Printer Friendly | Permalink |  | Top
 
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-05-09 11:43 PM
Response to Reply #8
12. I took a look at some prices in an old coin book I got in the late '60s
Imagine being able to buy British gold sovereigns for $12 apiece-- today, they are going for 20 times that. But that was the price they were listed at in R.S.Yeoman's World Coin Catalog of the late '60s. It's too bad I couldn't have stocked up on them back then.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Apr 30th 2024, 09:35 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC