This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.
Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
by schockergd » Tue Feb 28, 2012 8:40 pm
I've been buying & selling silver for a little over a year now. So far I've made a bit of money doing it locally by forming a 'silver club'. In the club (Really it's just a few guys I know that buy PMs) , I have them commit to a certain dollar amount over/under spot for coin grade silver. When I purchase some wholesale directly from sellers, I then turn over part of the amount and either pocket the rest or something similar.
However my local guys are now getting pretty full. I could always ask for more, but I'm curious what the average person online would be willing to buy silver at in this current market. At 26-29 almost everyone I knew was willing to buy a truckload above spot, but now things are a little calmer.
So , I'm curious where everyone's buy point is. I of course do not want to deal with ebay as I've had far too many problems and they suck the margins away pretty quickly.
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schockergd
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by fb101 » Tue Feb 28, 2012 8:45 pm
it all depends on the deal and the time.
It varies.
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fb101
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by Engineer » Tue Feb 28, 2012 8:52 pm
A buy or sell point isn't always about a particular number of dollars. It's easy to get stuck on a number that way and miss a good buy or sell point. In general, though, I'm a buyer when the price is below short and long term moving averages, and a seller when it breaks above them.
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Engineer
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by Robarons » Tue Feb 28, 2012 8:53 pm
When you sell silver online you tend to hit your head on Apmex, Tulving,provident's prices in terms of selling silver.
You can charge a little more than those guys if you sell in smaller quantities, accept wider forms of payment,etc. but your constricted for the most part.
Ebay is top of the market crazy un-informed buyers anyways. More realistic people, like in this forum, are going to buy at reasonable premiums which are pretty darn close to spot.
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by justj2k78 » Tue Feb 28, 2012 8:58 pm
Yes.
Always buying some. always buying more!
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justj2k78
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by galenrog » Tue Feb 28, 2012 9:01 pm
Every week, schedule permitting. LCS holds chunky A-Mark bars for me.
Mine Gold, Buy Silver. It Fills the Safe Faster.
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galenrog
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by John_doe » Tue Feb 28, 2012 9:16 pm
Know your markets. I would suggest trending the silver market.
Ancora Imparo
"You can't control the wind, but you can adjust your sails."
-Albert Einstein
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by Hades12 » Tue Feb 28, 2012 9:52 pm
When I have money that is not needed other places.
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by BamaJoe » Tue Feb 28, 2012 10:04 pm
Hades12 wrote:When I have money that is not needed other places.
Ditto. Since 2001 if I didn't need the paper elsewhere it went to silver. - ok gold also.
If you are waiting for the "correction" to buy you need to realize that the increasing prices ARE the correction.
$100 Silver soon coming to a location near you.
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by knibloe » Tue Feb 28, 2012 11:20 pm
I buy when I can get it under spot.
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by tractorman » Tue Feb 28, 2012 11:35 pm
I have one hard and fast rule ... I ONLY buy on days of the week ending in "y".
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