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Old 04-10-2011, 11:56 PM
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Default Who Would Sell Gold or Silver Now?



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I think only a fool would at this time?

http://news.goldseek.com/GoldSeek/1302156420.php
Old 04-11-2011, 01:03 AM
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Nonsense. You always convert investments when there is a better use for the funds involved. For example gold and silver are the only liquid assets you have--and your car breaks down and needs major repairs. You convert the gold/silver to cash to pay for the car repairs--so you can have a drivable car and can keep your job.
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Old 04-11-2011, 01:10 AM
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Originally Posted by PastTense View Post
Nonsense. You always convert investments when there is a better use for the funds involved. For example gold and silver are the only liquid assets you have--and your car breaks down and needs major repairs. You convert the gold/silver to cash to pay for the car repairs--so you can have a drivable car and can keep your job.
I buy PM's for insurance NOT investment.
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Old 04-11-2011, 01:13 AM
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If I was buying land, yes.
Old 04-11-2011, 01:24 AM
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Tech stocks, real estate, gold. The sheep are buying gold. Now would be the best time to sell.
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Old 04-11-2011, 02:40 AM
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I actually don't for see selling my physical. It will only be as A last resort.
Old 04-11-2011, 03:39 AM
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My local bullion dealer is selling like there's no tomorrow.
Old 04-11-2011, 01:41 PM
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Just hold on to it and buy some more.
Old 04-11-2011, 01:49 PM
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I'll sell mine if the price is right. IMHO, it is far far better to have food, meds and ammo than silver. What price are you buying pre-65 dimes at?
Old 04-11-2011, 02:10 PM
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Absolutely no shortage of PM sellers. Take a look at e-Bay. Thousands of new auction listings for PM's, every day.
Old 04-11-2011, 02:57 PM
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There were quite a few sellers at the gun show in N. Cal. this weekend. Bag type junk silver, dollars $32.50 to $33, basically melt value at $40/oz. No, didn't buy any more, and didn't see anyone else buying either while I was there...
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Old 04-11-2011, 02:59 PM
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I tell you what two weeks ago i made a killing accepting gold and silver as payment, this last weekend I couldnt pry it from thier hands.
Old 04-11-2011, 04:54 PM
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Absolutely no shortage of PM sellers. Take a look at e-Bay. Thousands of new auction listings for PM's, every day.
E-Bay is not main stream. Most of the 310-million Americans do not shop on it. In one town of 150,000 only one PM dealer. PM's are not yet main stream. If they ever become so Holy Cow the prices will skyrocket. When Banks and Credit Unions start selling them etc it will be a new game.
Old 04-11-2011, 05:03 PM
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Quote:
Originally Posted by boiledfrog View Post
Tech stocks, real estate, gold. The sheep are buying gold. Now would be the best time to sell.
I beg to differ. There are numerous texts online, zerohedge for example, that clearly show that you canīt compare tech stocks with PMs. There is only a fraction of the money that is in tech stocks in PMs. There is no comparison. Come back in eighteen months when Jow Sixpack really has gotten hip to the facts.
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Absolutely no shortage of PM sellers. Take a look at e-Bay. Thousands of new auction listings for PM's, every day.
You see a thousand ounces of silver and gold on e-Bay and you assume there is no shortage. What you see are individuals that bought coins and bars some time ago. That shows people taking profits, not the status of the PM market. Try getting your hands on 10,000 oz....
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Old 04-11-2011, 05:30 PM
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Tech stocks, real estate, gold. The sheep are buying gold. Now would be the best time to sell.
Less than 1% of the public owns gold for investment purposes. The "sheep" haven't even begun to buy gold. Can you say the same about stocks and real estate? NO! So it is a sham argument and you know it. FRNs, Stocks, Bonds - those are your bubbles.
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Old 04-11-2011, 05:38 PM
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Quote:
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Less than 1% of the public owns gold for investment purposes. The "sheep" haven't even begun to buy gold. Can you say the same about stocks and real estate? NO! So it is a sham argument and you know it. FRNs, Stocks, Bonds - those are your bubbles.
I agree. Sheeple aren't there yet. So that means hold it a while longer if you are thinking about selling.
Old 04-11-2011, 05:46 PM
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I agree. Sheeple aren't there yet. So that means hold it a while longer if you are thinking about selling.
Sell it for what? FRNs are tanking hard. What's the alternative to PMs at this point?
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Old 04-11-2011, 06:44 PM
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Sell it for what? FRNs are tanking hard. What's the alternative to PMs at this point?
This - 0!
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Old 04-11-2011, 07:52 PM
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Sell it for what? FRNs are tanking hard. What's the alternative to PMs at this point?
Well that is why I said IF they were thinking about selling anyways. Personally I am not. But if I did, I would certainly use that cash to get some other Hard Goods in return. The price inflation for those items is slower than the PM gain.
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Old 04-11-2011, 09:22 PM
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I have seen the tech bubble , the real estate bubble, and now its the PM bubble. I could sell now and double/triple the money I invested in PM's. I have my price point. But there is another bubble that burst only a little over 2 years ago and that was the guns and ammo bubble. If I sell some silver bars I will be buying AK-47's they were selling for almost double the price. Ammo too was almost twice expensive.
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