[G29Reload]

Still holding its own. Metals are stable at the moment.

[Warp]

Originally Posted by doneroman

It won't be long. Anyone remember the roller coaster nightmares of '80-'82? Silver and gold are kings, and any other commodities needed to survive.

$5 a gallon fuel by March? Food prices will sky rocket and suddenly the masses will be interested in gardening again. Hunting. Fishing. Leather work.

Great thread and interesting points all around.

Originally Posted by Warp

sounds like a bet

Well, March is here. Gas is up...still not quite $5, though it is only March 3...you could yet be proven correct and accurate. Time will tell.

[maddawg918]

Bumping for $37.59.

Guess we didn't do too bad buying in at $4.75/oz.

[Warp]

Originally Posted by doneroman

It won't be long. Anyone remember the roller coaster nightmares of '80-'82? Silver and gold are kings, and any other commodities needed to survive.

$5 a gallon fuel by March? Food prices will sky rocket and suddenly the masses will be interested in gardening again. Hunting. Fishing. Leather work.

Great thread and interesting points all around.

Originally Posted by Warp

sounds like a bet

Guess that didn't pan out.

[1 old 0311]

Originally Posted by maddawg918

Bumping for $37.59.

Guess we didn't do too bad buying in at $4.75/oz.

And I am still confused. All the 'financial experts' on here called us idiots for buying silver. I am sitting on a SIX HUNDRED AND FOURTY SEVEN PERCENT profit in 9 years. When does the 'stupid' part come?

[racerford]

Originally Posted by 1 old 0311

And I am still confused. All the 'financial experts' on here called us idiots for buying silver. I am sitting on a SIX HUNDRED AND FOURTY SEVEN PERCENT profit in 9 years. When does the 'stupid' part come?

Have you sold it yet? If not it is paper profit.

i have seen Silver go from $50/oz to less than $5 in a short time. When it was at $50 so people had great returns, When it collapsed they did not and many lost money. You only really make money when you close your position.

[1 old 0311]

Originally Posted by racerford

Have you sold it yet? If not it is paper profit.

i have seen Silver go from $50/oz to less than $5 in a short time. When it was at $50 so people had great returns, When it collapsed they did not and many lost money. You only really make money when you close your position.

Well yesterday I traded 12 ounces for a LNIB Model 60 no dash with a pinned barrel. My cost? $60.13. How'd I do?

[Warp]

Originally Posted by 1 old 0311

Well yesterday I traded 12 ounces for a LNIB Model 60 no dash with a pinned barrel. My cost? $60.13. How'd I do?

How did you do? Well, to truly answer that question you must compare to what that money could have done in the market/in another different 'investment' during that period of time. You know, compared to your next best alternative. Comparing it to nothing but sitting under your mattress isn't of much use.

Just sayin

[emt1581]

Originally Posted by Warp

How did you do? Well, to truly answer that question you must compare to what that money could have done in the market/in another different 'investment' during that period of time. You know, compared to your next best alternative. Comparing it to nothing but sitting under your mattress isn't of much use.

Just sayin

I see where you're coming from and that's an accurate comparison to a point. But in general, pick your investment...if it bought you significantly more in goods/services than another investment would have and you sacrificed/paid significantly less for it initially...you did well.

For me, PM's are all about what I can buy with them TODAY, not what they used to be able to buy or what they might buy tomorrow...it's all about today.

-Emt1581

[marlinfan]

I'm out. I unloaded everything but 5 1/10th oz gold eagles and 20 silver eagles this week.

[racerford]

Originally Posted by 1 old 0311

Well yesterday I traded 12 ounces for a LNIB Model 60 no dash with a pinned barrel. My cost? $60.13. How'd I do?

I don't know what one of those goes for in FRNs but if you happy, it must have been a good deal for you.... for those 12 oz. For all the rest, you only no your basis, not your profit. My basis in my silver is between 1.30 and 1.40 but no profit yet. I have never calculated my theoretical rate of return, or if it would have better invested in something else.

[1 old 0311]

Originally Posted by Warp

How did you do? Well, to truly answer that question you must compare to what that money could have done in the market/in another different 'investment' during that period of time. You know, compared to your next best alternative. Comparing it to nothing but sitting under your mattress isn't of much use.

Just sayin

Well I am no Warren Buffett but looks like I ROUGHLY made 650% PROFIT in a 6 year time frame. Heck that's even better than the profit on selling "IMPEACH OBAMA" shirts.

[UneasyRider]

Originally Posted by marlinfan

I'm out. I unloaded everything but 5 1/10th oz gold eagles and 20 silver eagles this week.

I thought about getting out a few months ago but something that Ferfal said about people selling for $4,000 an once being really happy then gold really went up. That just makes me wonder when is the right time to get out?

I think just before a country switches to a new currency is the answer, but not really sure. Hey you may have pulled the trigger on the right day for all we know.

[crimsonaudio]

If you're using it as an investment, get out when you feel comfortable with the profit - trying to sell at the peak typically means you walk away unsatisfied.

If you're buying it to protect wealth, there's zero reason to sell, imo, unless the dollar becomes stable again.

[Warp]

The Roosevelt Dimes I paid $1.00 each for just a few years ago are looking pretty good at $2.74 melt value silver content. I may sell enough of them to recover the expense (I also picked up some American Eagles at the time) plus a little extra and hold on to the rest. Not really sure yet.

[maddawg918]

Originally Posted by racerford

Have you sold it yet? If not it is paper profit.

i have seen Silver go from $50/oz to less than $5 in a short time. When it was at $50 so people had great returns, When it collapsed they did not and many lost money. You only really make money when you close your position.

The same is true for 401ks.

[1 old 0311]

Originally Posted by maddawg918

The same is true for 401ks.

Exactly! In Jan 2000 NASDAQ was around 5000, then it crashed. 11 years later it STILL remains at about 50% of that.

I am VERY happy I bought silver, and a bit of gold when I did. When, not if, I sell it will be for something that will also hold, or increase in value. Anyone remember the $100 per K of .223 ammo, the $400 folding stock Chinese AK's, the $99 SKS's, or the S&W K frames for $250? I do!

[Ruble Noon]

Originally Posted by crimsonaudio

If you're using it as an investment, get out when you feel comfortable with the profit - trying to sell at the peak typically means you walk away unsatisfied.

If you're buying it to protect wealth, there's zero reason to sell, imo, unless the dollar becomes stable again.

I agree and with Bernanke at the helm there is a lot of uncertainty as to where our dollar is headed. I know where I think it is headed, but I could be wrong.

[kirgi08]

[Don H]

Gold $1452.40


Silver $39.20

[1 old 0311]

Originally Posted by blown03'

Gold $1452.40


Silver $39.20

Well SOMEHOW we are, according to the 'Warren Buffers' on here, still morons. Today I traded 40 ounces of silver, my cost $205.20, for a like new 2 1/2 inch model 19, and a NIB 2 1/2 inch 66 no dash with a pinned barrel.

These are about $1000 worth of firearms but I am SO stupid I think my $205.20 purchase price was a good deal.

[maddawg918]

Originally Posted by 1 old 0311

Well SOMEHOW we are, according to the 'Warren Buffers' on here, still morons. Today I traded 40 ounces of silver, my cost $205.20, for a like new 2 1/2 inch model 19, and a NIB 2 1/2 inch 66 no dash with a pinned barrel.

These are about $1000 worth of firearms but I am SO stupid I think my $205.20 purchase price was a good deal.

Well done sir.

[mes228]

MadDaawg, that silver was easily worth about $2,000 if it was Silver Eagles. The pistols you received are great ones. Converting to cash and then buying the pistols would have been a little better deal though. As an aside the spot price for silver is as big a fairy tale as Mother Goose. The spot price is total fabrication. It's ancient history to buy physical silver anywhere near spot.

If you can CURRENTLY purchase physical Silver Eagles in volume for $44 (volume being 20 or so at a pop)- you are doing pretty well. I saw them selling for $50 each at the last show hand over fist so to speak. At every show lately I've seen cash transactions ie coin dealer to coin dealer for several of thousands of dollars at about $50 per silver eagle. Most change hands before the show opens to the public. I personally think we will see $75-$80 for a silver eagle in VERY short order. Not the spot price though, it will probably stay $40 or so. I'm speaking of person to person sales at Gun Shows/Trade Shows. That's how crooked & manipulated the spot price is.

[emt1581]

Originally Posted by mes228

MadDaawg, that silver was easily worth about $2,000 if it was Silver Eagles. The pistols you received are great ones. Converting to cash and then buying the pistols would have been a little better deal though. As an aside the spot price for silver is as big a fairy tale as Mother Goose. The spot price is total fabrication. It's ancient history to buy physical silver anywhere near spot.

If you can CURRENTLY purchase physical Silver Eagles in volume for $44 (volume being 20 or so at a pop)- you are doing pretty well. I saw them selling for $50 each at the last show hand over fist so to speak. At every show lately I've seen cash transactions ie coin dealer to coin dealer for several of thousands of dollars at about $50 per silver eagle. Most change hands before the show opens to the public. I personally think we will see $75-$80 for a silver eagle in VERY short order. Not the spot price though, it will probably stay $40 or so. I'm speaking of person to person sales at Gun Shows/Trade Shows. That's how crooked & manipulated the spot price is.

Around here, ASE's are only a few bucks more than generics. I personally have about 1/4 ASE's but that's because I've been gifted most of them. I see no value in spending the extra money on them. Silver is silver IMO.

I'm just waiting to see how the gov. BS's their way out of this monetary pickle. I mean they always come up with something. And we always hear that they are trying to manipulate the dollar in some way. Any guesses on what their "solution" will be?

-Emt1581

[emt1581]

Originally Posted by 1 old 0311

Well SOMEHOW we are, according to the 'Warren Buffers' on here, still morons. Today I traded 40 ounces of silver, my cost $205.20, for a like new 2 1/2 inch model 19, and a NIB 2 1/2 inch 66 no dash with a pinned barrel.

These are about $1000 worth of firearms but I am SO stupid I think my $205.20 purchase price was a good deal.

I've been meaning to ask you, how are you doing it? That is, do you trade silver for guns or sell the silver then buy the guns with the money? I haven't tried but I also haven't seen anyone wanting silver for guns.

Thanks

-Emt1581