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Old 12-02-2011, 12:20 PM
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Default Just bought a SGL-21 & a Tantal with lots o' goodies for $554.



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So we all keep going back and forth on the "true" or actual value of Silver, I thought I'd post a personal experience that also relates to "Military" weapons.

Today, I bought a friend's barely used (60 rounds), mint, blinged-out Arsenal SGL21-61

Vltor tube, Mil Spec CTR (that's $200),
E3 sling attachment ($30),
MI rail ($150),
Krebs enhanced safety ($70),
Magpul grip ($30),
2 extra Circle 10's ($30),
extended mag release ($20)

I also bought his 3-mags-fired, 2 month old, Tantal in 5.45 (Century, but confirmed good to go, no cant, no keyhole), only add on, Houge grip.

Total for all of it: $554. in dollars for both AKs.

Good buy right? He wanted 1150 for the Arsenal, 375 for the Tantal. (1550)

I had $554 in my cost, of the Silver I sold to make the purchase. (Silver Eagles purchased in early 2007 at 12.60).

So bottom line, 44 Silver Eagles, bought 2 AKs. My total cost; $554 in US Dollars. Had the seller seen the value of Silver, we could have skipped the Silver buyer and his paper all together. Either way, it's obvious what Silver was worth in this case, the paper money amount was insignificant.

THAT is the value of Silver
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Old 12-02-2011, 12:28 PM
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Right on! Good job.
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Old 12-02-2011, 12:31 PM
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That's not a value of silver, but a commodity you bought low and sold higher for a profit. It could just as easily been stock in Microsoft you had from 1989 and sold yesterday. I am not knocking your investment strategy-you done good. It could have gone the other way (for those currently buying silver and gold *cough*). I believe they are currently buying high, but time will tell.
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Old 12-02-2011, 12:33 PM
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I failed to indicate what the Eagles sold for, 34.50 ea.
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Old 12-02-2011, 12:40 PM
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Quote:
Originally Posted by Jeffrey View Post
That's not a value of silver, but a commodity you bought low and sold higher for a profit. It could just as easily been stock in Microsoft you had from 1989 and sold yesterday. I am not knocking your investment strategy-you done good. It could have gone the other way (for those currently buying silver and gold *cough*). I believe they are currently buying high, but time will tell.
No, it was the value of Silver as I didn't use stock, which is just a promissory piece of paper after all , it was Silver.

Quote:
It could have gone the other way (for those currently buying silver and gold *cough*
I think it's safe to say, you are taking a much larger risk playing that casino they call the stock market.

Folks said the same things you are back in 07 all the way back when I first bought Gold and Silver in the mid-late 90's .... broken record logic and likely to be repeated yet again in 5 years, 10 years, etc... "yes but.... it could have gone bad".

If ANYTHING I am CERTAIN dollar bills will buy less and Silver will "buy" more going forward.

Bought low sold High is the simplistic way of looking at it, go deeper jedi.
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Old 12-02-2011, 01:38 PM
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Quote:
Originally Posted by 13FoxTrot10 View Post
So we all keep going back and forth on the "true" or actual value of Silver, I thought I'd post a personal experience that also relates to "Military" weapons.

Today, I bought a friend's barely used (60 rounds), mint, blinged-out Arsenal SGL21-61

Vltor tube, Mil Spec CTR (that's $200),
E3 sling attachment ($30),
MI rail ($150),
Krebs enhanced safety ($70),
Magpul grip ($30),
2 extra Circle 10's ($30),
extended mag release ($20)

I also bought his 3-mags-fired, 2 month old, Tantal in 5.45 (Century, but confirmed good to go, no cant, no keyhole), only add on, Houge grip.

Total for all of it: $554. in dollars for both AKs.

Good buy right? He wanted 1150 for the Arsenal, 375 for the Tantal. (1550)

I had $554 in my cost, of the Silver I sold to make the purchase. (Silver Eagles purchased in early 2007 at 12.60).

So bottom line, 44 Silver Eagles, bought 2 AKs. My total cost; $554 in US Dollars. Had the seller seen the value of Silver, we could have skipped the Silver buyer and his paper all together. Either way, it's obvious what Silver was worth in this case, the paper money amount was insignificant.

THAT is the value of Silver
I'm a little confused...so you traded 44 silver eagles for both the AK's? or you paid 554.00 with cash you already had on hand and made up the difference with silver?
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Old 12-02-2011, 01:41 PM
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Disregard...554.00 was the ammount you paid for the silver eagles in 07...12.60 a troy ounce...fastforward to 2011 silver is now 32.50 an ounce.
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Old 12-02-2011, 01:43 PM
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Silver is a great investment. A few months ago I sold off some silver at $43.00 an ounce and bought a Smith and Wesson 686+ with a 4" barrel for $675.00 shipped and a box of .357's.
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Old 12-02-2011, 01:52 PM
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The case could be made just as easily that you bought that gear for $44.00 US because the silver eagles face value is $1.00.

That would have made a even more misleading title.

You could also say you traded off something valued at $2200.00 a little more than a year ago for $1500 worth of gear.
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Old 12-02-2011, 01:58 PM
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that's a damn good deal...didn't realize silver had risen that high in value
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Old 12-02-2011, 02:53 PM
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Nice pickups but I'd rather traded ever dimishing dollars instead of PM's

Decent illustration of how much dollar value has dropped/silver up since 07
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Old 12-02-2011, 03:03 PM
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Nice pickups but I'd rather traded ever dimishing dollars instead of PM's
Hey, it's just a trade of one hard asset for another. The decreasing value paper went in a large chunk for the LMT in the last two weeks

So I'm looking at my stack, looking at the gun rack thinking, I need more balance
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Old 12-02-2011, 03:05 PM
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Originally Posted by Uncle Bob View Post
The case could be made just as easily that you bought that gear for $44.00 US because the silver eagles face value is $1.00.

That would have made a even more misleading title.

You could also say you traded off something valued at $2200.00 a little more than a year ago for $1500 worth of gear.
The title is not misleading at all. It's factual. I paid 544 for the item that traded for 1500 (Dollar Value) which is irrelevant. Like I said if the seller would have been interested in Silver, the $$$ "value" wouldn't have mattered at all. It would have equated to barter. So in this case, 40 or so Eagles were worth exactly two AK's.

Seriously tho, I need to give that post some thought, to form a reply. You lost me.

I do know the Silver maintained it's value, while the dollar didn't. A fundamental understanding of currency & money is required.

Who was buying AK's back in 07... 06, etc? What was a good AK priced at? (prior to the Obama gun scare)
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Old 12-03-2011, 02:30 PM
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Crazy update.

So off to the range to check/site in the newt me SGL21, picked-up last night.
Guy shooting two stations down strikes-up a conversation, he's shooting a very nice Yugo M70 (full stock). Long story short, he asks if the SGL is for sale (of course it is, lol). Settle a price (1,300, yes I know, I told him he could build it new for less), he's off to the bank. Back in an hour cash in hand. Done.

Crap. Now I'm out a 7.62 gun again (recently sold my Yugo as well, just the SKS left in 7.62). Trying to decide now to either just order a new SGL21, or go an entirely different route. I've got the SGL-31 (I bailed on the Tantal folder mentioned originally, just didn't care for it, the Yugo spoiled me on folders) and while not a 7.62, 6.8 seems to be calling my name. Or maybe build a nice AR SBR, damn the paperwork/Tax stamp.
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Old 12-03-2011, 02:33 PM
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Old 12-03-2011, 02:35 PM
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Originally Posted by 13FoxTrot10 View Post
Crazy update.

So off to the range to check/site in the newt me SGL21, picked-up last night.
Guy shooting two stations down strikes-up a conversation, he's shooting a very nice Yugo M70 (full stock). Long story short, he asks if the SGL is for sale (of course it is, lol). Settle a price (1,300, yes I know, I told him he could build it new for less), he's off to the bank. Back in an hour cash in hand. Done.

Crap. Now I'm out a 7.62 gun again (recently sold my Yugo as well, just the SKS left in 7.62). Trying to decide now to either just order a new SGL21, or go an entirely different route. I've got the SGL-31 (I bailed on the Tantal folder mentioned originally, just didn't care for it, the Yugo spoiled me on folders) and while not a 7.62, 6.8 seems to be calling my name. Or maybe build a nice AR SBR, damn the paperwork/Tax stamp.

WHAT?


LOL. You sure didn't hang on to that very long...


Get yourself a 6.5 Grendel...
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Old 12-03-2011, 11:30 PM
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WHAT?


LOL. You sure didn't hang on to that very long...


Get yourself a 6.5 Grendel...
For sure the shortest time I've ever owned one, lol.

It's in the running. Along with 300 blk & 6.8
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Old 12-03-2011, 11:42 PM
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For sure the shortest time I've ever owned one, lol.

It's in the running. Along with 300 blk & 6.8
Have you checked out the attributes of the 6.5g? I got an AA upper "just because" when I looked at the data.... 6.5g is the greatest thing since sliced bread...
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Old 12-04-2011, 02:22 PM
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I look at it like that when I make a good trade for metals too. I bought in during the late '90s when gold was $295 and silver was $5.50. Nobody was saying it was overpriced then. It was widely acknowledged to be undervalued in the current economy then.

I also run into the same feeling when I used to trade for metals at gun shows. The guy who paid $5 an ouce for silver, felt like he was getting a bargain when I traded at slightly under spot. And I felt like I was getting a bargain for getting metals at a discount.
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Old 12-07-2011, 01:05 PM
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I dont know man, that 300 AAC is looking pretty good...only time will tell
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