Author Topic: Silver  (Read 27574 times)

Offline pkveazey

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Re: Silver
« Reply #150 on: May 17, 2024, 02:46:57 PM »
I can't believe it: In just 2 hours Silver has made another leap and is now at $31.38 oz. This was not supposed to happen until the 4th quarter of 2024.

Offline pkveazey

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Re: Silver
« Reply #151 on: May 17, 2024, 04:12:56 PM »
Wow! Silver is still going up. It's now at $31.50. At 5pm when the markets close for the weekend, it will be locked at the closing price until Sunday night when the markets reopen. I'm loving it.

Offline Felix

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Re: Silver
« Reply #152 on: May 19, 2024, 09:53:04 PM »
Most retirement savings is still in paper markets (stock, bonds, etc)
But with a view to not incurring a tax bill, I cashed out as much as I could within those limits and took the cash directly to a dealer paying 3% over spot for silver and divied up the conversion between bars, Maples and junk.   Will rinse and repeat next tax cycle.  Assuming we are around for one.  I now have @ 10k in metals that will weather hyper-inflation AND be in recognizable forms for barter.    Not anything like a "life's saving", but a solid component on having "x amount" of "cash" on hand for emergencies and bill paying.   IF I decide to exit the paper markets (now being thought long and hard on), then the specter of gold bars and coins looms...    _AND_ it will be at home, in a safe, subject to theft if I can't defend it.    But in hand.   And real.   Not dependent on anyone from the government come to "help me".
For those who follow and look at "cycles", we may well be in the final stages of a stock "melt up" which, like in similar looking circumstances cycles, culminates in a severe stock crash.  Bear market.   "pullback".   

Offline pkveazey

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Re: Silver
« Reply #153 on: May 19, 2024, 11:12:51 PM »
I can't believe my own eyes. :facepalm: It's 11pm and I just took another look at the Spot price of Silver, and it has gone up to $32.30 oz. I really hope this is the breakout that all the Precious Metals gurus have been talking about. :popcorn:

Offline pkveazey

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Re: Silver
« Reply #154 on: May 20, 2024, 10:06:33 AM »
Well, here it is Monday morning, and I was expecting a pullback. Yep, it dropped a dollar but that won't last long. It'll start going back up because of FOMO (Fear of missing out) and because I get to decide how much my Silver is worth. This stairstep, run up and pull back is fine with me as long as I end up at the top of the stairs. Since I started Stacking, back when it was cheap, I have given a bit here and there to friends and family members. Hmmm... It's getting a bit too expensive to give any of it away now. I'm generous but I'm not stupid. :facepalm:

Offline Nemo

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Re: Silver
« Reply #155 on: May 20, 2024, 07:18:13 PM »
Per Monex.com, 1916 copied and pasted.  From the banner at the top of link below.  More details scroll down linked page.

Nemo

https://www.monex.com/liveprices/

Quote
Gold $2,429.00 +13.00

Silver $31.79 +0.32

Platinum $1,055.00 -35.00

Palladium $1,038.00 +19.00




« Last Edit: May 20, 2024, 07:21:35 PM by Nemo »
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Offline JohnyMac

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Re: Silver
« Reply #156 on: May 23, 2024, 09:46:57 AM »
Why is it that the average citizen is not concerned with the run of PM's? I guess it is the old frog in the pot parable.  :facepalm:
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Offline pkveazey

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Re: Silver
« Reply #157 on: May 23, 2024, 11:37:14 AM »
Bwahaha..... JohnyMac: It's the same old story. "Too soon dumb and too late smart."

Offline pkveazey

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Re: Silver
« Reply #158 on: June 20, 2024, 05:21:21 PM »
There have been a post or three about Precious metals. Some of us love them, some hate them, and some are just unaware of them. I was thinking about "Newbie Stackers", and I thought that I should warn "Newbies" about getting screwed when buying precious metals. Never buy Silver or Gold from anyone that you don't know or you can't trust. While there are some honest sellers on EBAY, there are a ton of others on EBAY that are out to screw you. Never buy from EBAY. That is especially true if it looks like a deal that's too good to be true. I personally try to buy most of my stuff from a local Coin Shop that has been in business for 40 years. Even then, when I get home, I check each and every piece for Magnet Slide, Weight, and The Ping Test. The Ping Test is a free app that you can download to your Cellphone. You find the coin that you want to test on their list and hold the coin between your fingers at the dead center of the top and bottom of the coin and whack the edge with a piece of wood or plastic and the App will tell you if its real or not. So far, I haven't found any bad ones. I do have 3 or 4 ounces that are a bit questionable because the magnet slide just seems to be a bit too fast. The only bad thing about the PING TEST APP is that every coin isn't on their list. However, I did figure out that I can test a round that has the Mercury head dime figure on it as a Buffalo, it will Ping just fine. The coin dealer told me that the same company that Mints the Buffalos also mints the Mercury head rounds. If you plan to buy any Precious metals, it is definitely Buyer Beware. :hiding: