Anyone buying silver? - Page 2

themoneycollector · 06-06-2011, 10:08 AM

IMO, I think silver and gold are timebombs and now is the time to sell instead of buy. You could still make money buy & sell in the short run, but the market has pushed up prices way too high. The only people who are going to make some serious money are those who invested 3-5+ years ago. I will be selling my silver collection soon. Due to it's practical purpose, I think silver is better than gold to hold onto longer term.

Quote:

Originally Posted by mosesbotbol

Although not silver, the Credit Suisse gold ingots are really cool. An one ounce ingot on a gold chain is player.

Haha, I remember the rappers wearing them in the 80's.

mosesbotbol · 06-06-2011, 10:59 AM

Quote:

Originally Posted by themoneycollector

IMO, I think silver and gold are timebombs and now is the time to sell instead of buy.

I did too (3 years ago) and made a decent profit at that time. If only I held on... A warn out phrase in investing, but I am happy with what did make. I was told (1.5 years) $1400 would be the breaking point by a financial expert I know. I would be scared making a big move on gold, silver seems safer to me. How about the copper market?

jmsremax · 06-06-2011, 09:34 PM

Its a shame you didnt get in sooner......you missed the boat on some serious gains as far as paper is concerned. Keep your eye on the movement and maybe have a stop loss on your position just in case you forget about it and things turn on you.

If you bought silver coins or bars then disregard haha. I'd much rather physically hold silver than paper. Either way good luck with your investment.

elderboy02 · 06-06-2011, 09:52 PM

Quote:

Originally Posted by jmsremax

Its a shame you didnt get in sooner......you missed the boat on some serious gains as far as paper is concerned. Keep your eye on the movement and maybe have a stop loss on your position just in case you forget about it and things turn on you.

If you bought silver coins or bars then disregard haha. I'd much rather physically hold silver than paper. Either way good luck with your investment.

What is a stop loss?

Apoco · 06-08-2011, 07:41 PM

Quote:

Originally Posted by elderboy02

What is a stop loss?

A stock tool. It will tell your broker/website to sell when the stock price dips below a set amount.

I.e. you own ATVI. The current price on it is around $16 per share. You might put a stop loss at $10. If the stock price hits $9.99 a share, the broker will trigger a sale of your stock.

Same idea holds true for a stop gain. If you set a stop gain at $20.00 and the price hits $20.01 then your broker will trigger a gain.

Note: these are also called limit loss and limit gains.
Posted via Mobile Device

elderboy02 · 06-09-2011, 08:38 AM

Quote:

Originally Posted by Apoco

A stock tool. It will tell your broker/website to sell when the stock price dips below a set amount.

I.e. you own ATVI. The current price on it is around $16 per share. You might put a stop loss at $10. If the stock price hits $9.99 a share, the broker will trigger a sale of your stock.

Same idea holds true for a stop gain. If you set a stop gain at $20.00 and the price hits $20.01 then your broker will trigger a gain.

Note: these are also called limit loss and limit gains.
Posted via Mobile Device

Oh. I don't have stocks in gold/silver. I have physical silver.

elderboy02 · 06-09-2011, 08:39 AM

On a somewhat un-related note, I did purchase my first ounce of gold (South African Kruggerand) yesterday. I am glad I have a safe deposit box. Gold is very expensive.

What are your opinions on gold?

Mugen910 · 06-09-2011, 08:46 AM

Quote:

Originally Posted by elderboy02

On a somewhat un-related note, I did purchase my first ounce of gold (South African Kruggerand) yesterday. I am glad I have a safe deposit box. Gold is very expensive.

What are your opinions on gold?

wayner123 · 06-09-2011, 09:42 AM

Quote:

Originally Posted by elderboy02

On a somewhat un-related note, I did purchase my first ounce of gold (South African Kruggerand) yesterday. I am glad I have a safe deposit box. Gold is very expensive.

What are your opinions on gold?

Buying gold right now is alright, but like silver it was better bought 2-3 years ago. I don't know how much higher it will go. When buying gold it depends on what you are buying it for. Are you planning to hold it till sometime in the future when you can sell it and make a profit? Or are you buying it in case of the dollar collapsing and going to use it for buying things?

landhoney · 06-09-2011, 09:44 AM

I buy/am buying silver.

elderboy02 · 06-09-2011, 09:46 AM

Quote:

Originally Posted by wayner123

...Are you planning to hold it till sometime in the future when you can sell it and make a profit? Or are you buying it in case of the dollar collapsing and going to use it for buying things?...

I would like to sell it a long time down the road. Hopefully it will be a lot higher in the future.

wayner123 · 06-09-2011, 09:48 AM

Quote:

Originally Posted by elderboy02

I would like to sell it a long time down the road. Hopefully it will be a lot higher in the future.

Then buying ounces is probably the best bet. I would buy the gold which had the lowest price over spot. While selling gold bullion in the future might prove difficult, gold coins are the best bet.

elderboy02 · 06-09-2011, 10:01 AM

Quote:

Originally Posted by wayner123

Then buying ounces is probably the best bet. I would buy the gold which had the lowest price over spot. While selling gold bullion in the future might prove difficult, gold coins are the best bet.

This is what I bought: http://www.apmex.com/Product/62/1_oz...ndom_Year.aspx

Did I do ok on the price? Is it true that the Kruggerand is one of the best gold coins to collect. I heard the gold american eagle is good, but that is more $$$ over spot.

Rock Star · 06-09-2011, 09:56 AM

well its more than doubled in a year. i would buy the stock just because you dont have to actually have it and then go sell it..and its imediate value. some dealers wont even buy or sell till it dips or rises. at least your getting your money at that time for what its worth. but all in all it should be a good investment but you have to invest a lot to really make the $.. If you would have bought a year ago for $15 and bought 20. You spent $300 and sold today at $38 you would have made $470 in a year. not much money but a good percentage. So if y ou have like $2K to drop..you could really do some damage..I look at the precious metals now as a bubble like anything else. I mean look at the housing market. it was hot t one time. I think it has to dip soon cuz its rising pretty fast. thats speculation and i could be wrong..im just looking at trends from other bubbles

06-06-2011, 09:34 PM	#3
jmsremax Yet another Masshole Join Date: Nov 2009 First Name: Jon Location: MA Posts: 1,245 Trading: (19)	Re: Anyone buying silver? Its a shame you didnt get in sooner......you missed the boat on some serious gains as far as paper is concerned. Keep your eye on the movement and maybe have a stop loss on your position just in case you forget about it and things turn on you. If you bought silver coins or bars then disregard haha. I'd much rather physically hold silver than paper. Either way good luck with your investment. __________________ Stock/Finance banter

06-09-2011, 08:39 AM	#7
elderboy02 Lets Go Buckeyes! Join Date: Oct 2008 First Name: Dan Location: Cincinnati, OH Posts: 12,519 Trading: (133)	Re: Anyone buying silver? On a somewhat un-related note, I did purchase my first ounce of gold (South African Kruggerand) yesterday. I am glad I have a safe deposit box. Gold is very expensive. What are your opinions on gold?

06-09-2011, 09:44 AM	#10
landhoney Mr. Charisma Join Date: Oct 2008 First Name: Seth Location: In the forest Posts: 2,639 Trading: (32)	Re: Anyone buying silver? I buy/am buying silver. __________________ Fields (to a heckling youngster): You're about to fall heir to a kitten stocking. Kid: What's a kitten stocking? Fields: A sock on the puss!

06-09-2011, 09:56 AM	#14
Rock Star Mike Hawk for President Join Date: Oct 2008 First Name: Freddy Location: Herfville Posts: 270 Trading: (1)	Re: Anyone buying silver? well its more than doubled in a year. i would buy the stock just because you dont have to actually have it and then go sell it..and its imediate value. some dealers wont even buy or sell till it dips or rises. at least your getting your money at that time for what its worth. but all in all it should be a good investment but you have to invest a lot to really make the $.. If you would have bought a year ago for $15 and bought 20. You spent $300 and sold today at $38 you would have made $470 in a year. not much money but a good percentage. So if y ou have like $2K to drop..you could really do some damage..I look at the precious metals now as a bubble like anything else. I mean look at the housing market. it was hot t one time. I think it has to dip soon cuz its rising pretty fast. thats speculation and i could be wrong..im just looking at trends from other bubbles __________________ Last edited by Rock Star; 06-09-2011 at 10:05 AM.