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Gold and silver. Discuss

Discussion in 'Business, Careers & Education' started by Valproate, Feb 20, 2011.

  1. mikeman

    mikeman Senior member

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    You need to hook up with my dealer as well. He always has stock and his margins are the best in the biz. A few examples. 10 ounce bar of Silver will cost you ten bucks over spot. 10 ounce bar of gold will be 50 over spot. It'll be a Suisse Pamp BTW. Silver Eagles about 3 over spot. Nondescript 999 fine silver rounds a buck over spot. Buy backs on the stuff with premiums is good as well.

    Wow, thats awesome. PM details please? Also, do you have any 1 oz silver Suisse Pamp bars you would maybe sell? I have wanted to get my hands on one, but premiums on them are OUTRAGEOUS!
     
  2. olualbert

    olualbert Senior member

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    Finally, folks are starting to see what's going on....amazing
     
  3. Crane's

    Crane's Senior member

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    Wow, thats awesome. PM details please? Also, do you have any 1 oz silver Suisse Pamp bars you would maybe sell? I have wanted to get my hands on one, but premiums on them are OUTRAGEOUS!
    Don't have any of them and probably won't get any. I'll buy Eagles but most of my Silver is in Engelhard 100 or 10 ounce bars and junk coins. I like to buy as close to spot as possible. PM inbound.
     
  4. Crane's

    Crane's Senior member

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    Finally, folks are starting to see what's going on....amazing
    Care to elaborate on that a bit, it's a mighty broad statement.
     
  5. olualbert

    olualbert Senior member

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    Care to elaborate on that a bit, it's a mighty broad statement.

    A few months back, I was elaborating on the importance of getting into precious metals( fxxk the ETFs, Im talking about physical)---mainly silver and gold. Unfortunately enough, I have some clowns who has not done their research telling me I was talking nonsense...before we know it, the state of Utah has confirmed silver and gold as a form of legal tender.

    Now, what do I think? Shit will start to go downhill from here.....other states are already wanting to back their currency on precious metals. I do have physical gold in my possession and I continue to buy on a monthly basis, but I can not wait to hit silver heavy, because when shit hit the roof, people are gonna be looking for silver and there will be no silver available.

    My constraints of not acquiring silver is that fact that I work overseas as I wanted the US 1 oz silver coins. When I do come home, Im gonna hit it hard. I dont give a hoote if it is 50 dollars an ounce because I am pretty sure where this is going. Is climbing through the roof, mark my words.
     
  6. javyn

    javyn Senior member

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    I agree with you completely olualbert, it looks like JPM threw in the towel and are starting to cover their shorts. Looks like liftoff. I hope there is a slight correction tomorrow because I'm hitting up the exchanges Saturday morning and calling some dealers.
     
  7. Crane's

    Crane's Senior member

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    Oh and don't forget China is heading for a Gold standard as well. Wait til that happens. Talk about game on.
     
  8. mikeman

    mikeman Senior member

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    Yeah, I hope JPM is covering their shorts. I have a feeling that we will be passing everyones $50 price target for the year and heading much higher. Wish I had the guts to sell some more stock and buy up some more before we hit 40...
     
  9. javyn

    javyn Senior member

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    Selling 1/3 of my position in NOV tomorrow. Going to be a busy weekend for silver stacker javyn
     
  10. mikeman

    mikeman Senior member

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    Sounds like you're going to have a fun weekend! Know what you want to buy yet?
     
  11. javyn

    javyn Senior member

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    I know what I want, 1/2 oz Buffalo rounds and Maple Leaves, but what I actually get, who knows? I do have some calls to make though [​IMG] I know a lot of survivalists recommend buying junk coins rather than bullion in a shit hits the fan situation, under the impression the American coins will be more accepted for trade, but I don't buy it. I just don't think people here are going to know the difference between a Roosevelt Dime or War Nickel and a copper slug. IMO the .999 stamp is what's important.
     
  12. mikeman

    mikeman Senior member

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    Awesome, no 1000 oz bars?

    only kidding
     
  13. Crane's

    Crane's Senior member

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    I'm seeing a consistent pattern developing here. I need to find some graph paper.

    If Silver drops tomorrow (I think it will) it'll get added to my buy list again. So far I'm still thinking Gold only for Saturday.
     
  14. Crane's

    Crane's Senior member

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    I know what I want, 1/2 oz Buffalo rounds and Maple Leaves, but what I actually get, who knows? I do have some calls to make though [​IMG] I know a lot of survivalists recommend buying junk coins rather than bullion in a shit hits the fan situation, under the impression the American coins will be more accepted for trade, but I don't buy it. I just don't think people here are going to know the difference between a Roosevelt Dime or War Nickel and a copper slug. IMO the .999 stamp is what's important.
    Stay away from Buffalo Gold. The premium over spot is ridiculous unless you collect them like coins. The first thing that will disappear when it hits the fan will be numismatic premiums. That's advice from Dean BTW Javyn and not my opinion though I agree completely.
     
  15. javyn

    javyn Senior member

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    Hmm interesting. I am kinda gung-ho on the 1/2 oz buffalos now because the Gainsvillecoin site has them at an incredibly low premium. (that's buffalo silver btw, not gold) As far as gold goes, I like the Eagles and Krugerrands. But if the buffalo round isn't so overpriced, I'd try that too. Anyway, turns out my dad has a patient who claims to have 60 lbs of bullion and coins and he wants to dump it all now. I'm going over tomorrow to check it out. Also, I just found out that my old boss in the 90s just opened a gold exchange in my folks' area, so I'll be hitting him up too. Just called him he's stocked up with Eagles and Maples right now [​IMG]
     
  16. Crane's

    Crane's Senior member

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    Hmm interesting. I am kinda gung-ho on the 1/2 oz buffalos now because the Gainsvillecoin site has them at an incredibly low premium. (that's buffalo silver btw, not gold) As far as gold goes, I like the Eagles and Krugerrands. But if the buffalo round isn't so overpriced, I'd try that too. Anyway, turns out my dad has a patient who claims to have 60 lbs of bullion and coins and he wants to dump it all now. I'm going over tomorrow to check it out. Also, I just found out that my old boss in the 90s just opened a gold exchange in my folks' area, so I'll be hitting him up too. Just called him he's stocked up with Eagles and Maples right now [​IMG]
    The Silver ones are a good buy. The US Mint Gold ones tend to be premium heavy. You might find one selling at the same price as common Eagles, Maples or Rands which would be a nice find. It's funny my guy is out of Silver Maples right now. I wanted to go Canadian today LOL. Ended up with Canadian gold and American Silver. Leave yourself room on the junk on that other deal. 22 or 23 times face is the general buy guideline right now. Spot is fine for bullion.
     
  17. mikeman

    mikeman Senior member

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    How did the buying go this weekend?
     
  18. Crane's

    Crane's Senior member

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    How did the buying go this weekend?
    I did my bullion run on Friday. I did come across some junk at a reasonable price today so I bought it. Last week I did a serious buy on Au, Ag and Pd. So far all is well.
     
  19. RSS

    RSS Senior member

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    Real Estate ... while it's cheap. I've been buying, and buying, and buying some more.
     
  20. Crane's

    Crane's Senior member

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    Hey Silver Stacker what did you end up doing over the weekend?
     

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