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Gold and silver. Discuss - Page 7

post #91 of 289
Quote:
Originally Posted by mikeman View Post
Just picked up another 40 oz today, putting me over 100 ounces, feel like a super small timer. But I think i made a smart move on putting money into silver. I think we may see a small pullback, but i think we could easily see 50 within six months. Agree?
I'm thinking 50 buck Silver by year's end.
post #92 of 289
What do you think about buying physical vs. ETFs like SLV? I'm thinking avoid the ETF and load up on physical metals...
post #93 of 289
Quote:
Originally Posted by javyn View Post
What do you think about buying physical vs. ETFs like SLV? I'm thinking avoid the ETF and load up on physical metals...
Javyn, I'm a firm believer in physical possession. If you want instant liquidity and don't want the headaches of physical possession get involved in a Kitco pool. It also makes it easier to bounce between metals. As I said before you can convert the holding to cash or you can take physical delivery whenever you want. I have significant holdings in a Kitco pool for the simple reason I can take advantage of spikes or flip into another metal instantly.
post #94 of 289
I agree, I would try to stay away from the ETFs and hold physical. Lots of people say " unless you can hold it, you don't own it" or something like that. I also think that holding the physical will yield higher returns for the simple fact that people are willing to pay premiums on coins. I think when silver hits highs of 70 or so the premium on a ASE could be 10+. I think its cool to have stacks of silver in a little safe too!
post #95 of 289
I agree w/ you two but was kinda curious to hear from someone who didn't.
post #96 of 289
Well i guess the upside of having an ETF is that they are much more liquid than physical, and you also have the ability to trade them.
post #97 of 289
Google "metal zonation." I've been exploring for gold part time now for about three years. The company is going public this year and I'm going to cash out and focus on my main line of business from here to the tape.
post #98 of 289
http://www.worthpoint.com/worthopedi...1977-116189532

Here is the set of medallions I got at the exchange....well I got 5 of them, not the whole set, for around 30 each.

Thoughts?
post #99 of 289
Quote:
Originally Posted by javyn View Post
http://www.worthpoint.com/worthopedi...1977-116189532 Here is the set of medallions I got at the exchange....well I got 5 of them, not the whole set, for around 30 each. Thoughts?
Melt on them is around $26.50. Are they still sealed in their holders or have they been removed?
post #100 of 289
Been removed. I have 5 of the 12.
post #101 of 289
Quote:
Originally Posted by javyn View Post
Been removed. I have 5 of the 12.
OK they're only worth the silver content then. These were proof coins and that's where any premium value would have been found. I'm itching to buy some Gold......
post #102 of 289
Me too! I'm hoping gold breaks down so I can grab a few Buffalos ! I have a few 1/10 oz Krugerrands and Eagles, feh. But am coveting some Buffalos and 50 Peso pieces.
post #103 of 289
Quote:
Originally Posted by javyn View Post
Me too! I'm hoping gold breaks down so I can grab a few Buffalos ! I have a few 1/10 oz Krugerrands and Eagles, feh. But am coveting some Buffalos and 50 Peso pieces.
Oh well it's only money. Got a quarter and half Eagle coming.
post #104 of 289
I'd also like to get both a Max Keiser and Ludwig von Mises 1 oz coin. Hard to find now.
post #105 of 289
Quote:
Originally Posted by javyn View Post
I'd also like to get both a Max Keiser and Ludwig von Mises 1 oz coin. Hard to find now.
Don't know anything about them. I know a thing or two about pre 33 American Gold coins, typical bullion stuff and a few of the foreign coins.
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