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Author Topic: If You are going to BUY SILVER, DO IT NOW  (Read 1656 times)

Offline CanOpener

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If You are going to BUY SILVER, DO IT NOW
« on: November 10, 2010, 05:38:19 PM »
Spend 20 minutes perusing through e-bay's silver site: Scan for the rolls of silver
 [20 silver eagles in a tube].  Every Single Roll that is being offered has a plethora
of bids, and they are selling for over $600. per roll.

APMEX  is out of the rolls of silver.  One individual silver eagle is $31.42
Please read the following very carefully:
  The President of World Bank, Robert Zoelick has discussed using gold
as "a reference point of market expectations about inflation, deflation,
and future currency values."
http://www.wyattresearch.com        Wyatt Investing Research, Kevin McElroy, Editor   Mon.Nov.8, 2010
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Online ncjeeper

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #1 on: November 10, 2010, 06:14:59 PM »
Quote from: CanOpener on November 10, 2010, 05:38:19 PM
Spend 20 minutes perusing through e-bay's silver site: Scan for the rolls of silver
 [20 silver eagles in a tube].  Every Single Roll that is being offered has a plethora
of bids, and they are selling for over $600. per roll.

APMEX  is out of the rolls of silver.  One individual silver eagle is $31.42


Wow. Crazy prices.
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Offline LdMorgan

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #2 on: November 15, 2010, 12:42:30 AM »
I had my first encounter with Silver Mania yesterday.

I went to an auction and a set of Sterling flatware turned up unexpectedly. 17 pcs of Lunt.

Being kind of familiar with the design, I estimated the weight at 19oz, bidable at a max of $20.00/oz for a grand total of $380.00.

My $300.00 opening bid started a 6-way shootout that ended when the winner paid $660.00 for the set.

Call it $34.75 an ounce.

The other buyers were desperate to get their hands on the silver. There was a palpable feeling of panic behind every bid except mine. (I only made one.)

Yeah. The Silver Rush is definitely on.





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Offline something_feral

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #3 on: November 15, 2010, 02:47:30 AM »
Quote from: LdMorgan on November 15, 2010, 12:42:30 AM

My $300.00 opening bid started a 6-way shootout that ended when the winner paid $660.00 for the set.

Call it $34.75 an ounce.


Yikes.  :o

I am happy to report that "junk silver" is still at or below spot (depending on your luck) on eBay. Caveat emptor, as always.
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Offline stayfrosty

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #4 on: November 15, 2010, 08:21:59 PM »
I'd say the same for silver stocks. I know that holding physical silver is important... but if silver doubles to $50 an ounce... silver mining stocks will go up 10 times.

frosty
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Offline Nate

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #5 on: November 15, 2010, 09:34:31 PM »
Last week on Ebay I got 24 dimes for $46 AND 9 QUARTERS for $43 free shipping.  Total was $89 and the day it shipped the melt value for that silver was $90.01 according to coinflation.  I felt really good that day!
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Offline average_joe

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #6 on: November 20, 2010, 10:30:49 AM »
I have a soft spot for Morgan and Peace dollars, i love them. Picked up 2  Morgans and 4 Peace dollars at a local shop. $22 a piece tax title and out the door. I also found them at garage sales over this past summer. I was getting them at 15-25 depending on condition. I have tried to get some at auctions recently and they were getting crazy prices. Same for eBay it seems like it is really getting competitive there as well. I like to hold them before i buy, that is why i don't do much online stuff. I like not having to pay shipping and then worrying about them arriving safely.

Quote from: Nate on November 15, 2010, 09:34:31 PM
Last week on Ebay I got 24 dimes for $46 AND 9 QUARTERS for $43 free shipping.  Total was $89 and the day it shipped the melt value for that silver was $90.01 according to coinflation.  I felt really good that day!

Congrats Nate!  ;D

Aj
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Offline Stein

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #7 on: November 26, 2010, 07:02:09 PM »
Wow, I might have to think about unloading a couple rolls at those prices.  Too bad eBay fleeces the seller so bad though, it takes pretty big idiot bidders to offset the fifteen fees.
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Offline stayfrosty

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Re: If You are going to BUY SILVER, DO IT NOW
« Reply #8 on: March 06, 2011, 12:32:54 AM »
Even at silver plus $34 an ounce, I think it is a good deal. I am keeping some cash on the sidelines as I hope for a drop. I also still buy a few ounces each month to take advantage of the dollar-cost averaging. I think silver will peak over $50.

frosty
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