Amazing times......After 44 years this was a "first".
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After 44 years this was a "first".
by pennypicker » Mon Mar 16, 2020 12:44 pm
After 44 years of dealing in silver (buying, stacking, selling, trading) I finally experienced a "first" when this Tuesday morning I rushed down to the local coin shop and the owner told me for the time being he is no longer selling any gold or silver; he is however a buyer Amazing times......
Amazing times......"If I had to pick one player to take the last shot to win the game I would pick Michael Jordan...if I had to pick one player to take the last shot to save my life I would pick Larry Bird"--PAT RILEY, L.A. Lakers Head Coach
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Re: After 44 years this was a "first".
by Cu Penny Hoarder » Mon Mar 16, 2020 3:41 pm
pennypicker wrote:After 44 years of dealing in silver (buying, stacking, selling, trading) I finally experienced a "first" when this Tuesday morning I rushed down to the local coin shop and the owner told me for the time being he is no longer selling any gold or silver; he is however a buyer
Makes sense... the price he bought all or most his inventory at is now much lower. Can't sell at a loss.
I experienced this with my LCS in 2008.
Time is precious, stop wasting it.
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Re: After 44 years this was a "first".
by 68Camaro » Mon Mar 16, 2020 4:14 pm
Yep - he's a smart guy.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: After 44 years this was a "first".
by Know Common Cents » Mon Mar 16, 2020 10:11 pm
Why think about tapping into the remaining US90% or other silver at your LCS?
I can't imagine anyone selling their US90% silver at a loss just to have made a sale. Like most of us, we're not prone to sell PMs at a loss or try to be a charitable organization.
I can't imagine anyone selling their US90% silver at a loss just to have made a sale. Like most of us, we're not prone to sell PMs at a loss or try to be a charitable organization.
"I don't know what I'm doin' but I'm sure havin' fun" Herman Munster
I've recently adopted the Groucho Marx philosophy for dealing with politics and other life challenges, "Whatever it is, I'm against it!" (Horse Feathers 1932)
I've recently adopted the Groucho Marx philosophy for dealing with politics and other life challenges, "Whatever it is, I'm against it!" (Horse Feathers 1932)
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Re: After 44 years this was a "first".
by Recyclersteve » Tue Mar 17, 2020 4:24 am
Cu Penny Hoarder wrote:pennypicker wrote:After 44 years of dealing in silver (buying, stacking, selling, trading) I finally experienced a "first" when this Tuesday morning I rushed down to the local coin shop and the owner told me for the time being he is no longer selling any gold or silver; he is however a buyer
Makes sense... the price he bought all or most his inventory at is now much lower. Can't sell at a loss.
I experienced this with my LCS in 2008.
Agree that the stuff is sitting in the back room waiting for the price to go back up. I too experienced this in 2008.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
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