Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Silver Bug

Like Tree2Likes
  • 2 Post By benjamen

Reply
 
LinkBack Thread Tools
Old 02-19-2013, 10:09 AM   #1
n00b
 
Join Date: Feb 2013
Posts: 8
Liked: 6 times
Question!

I'm in a kinda goofy position...the adage "it's the # of oz" that count has been a loose mantra of mine. That said, I was expecting some testing of the bottom for spot around this time around 30USD. No biggie...here's the question I'd like some advice for. I've got a great LCS- big volume, good ppl, "crazy" prices (from what everyone's talking about). My "alarm" informed me of 29,45 spot a few minutes ago. I have some monster boxes; most Ag is in 100 oz .9999 RCM. I can get an unopened 2013 (or 12) box of eagles for 32.35 each/box of libertads for 31.37/Antelope Wildlife 2013 31.75 (500 of course).

Average EBAY for maples are 41USD now, ASEs are 39USD...

What's everyones opinion regarding: swapping 4.x 100oz bars and procuring another m-box? It goes against the OZ rule, but if ASEs (tomorrow) get down to 31.00 (or today), it's making me hesitate.

All opinions would be greatly appreciated!

BTW- to the poster who became frustrated with AU going super-sideways...I sold 8 buffalos+2 Maple Pt's all for Pd at 690$ as well, good call!

Ty!
bugs is offline   Reply With Quote
Old 02-19-2013, 10:48 AM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
For what it's worth, I think 29.50 is a pretty strong support point for silver, so I don't expect to see it fall below that, but keep in mind that I am an amateur, not a professional trader. There are others on the board with significantly more relevant experience than I have.

I would trade the big bars for an MB any day of the week.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 02-19-2013, 11:01 AM   #3
n00b
 
Join Date: Feb 2013
Posts: 8
Liked: 6 times
Oops. My head is off the loop!

I gotta take a rest from all this- I don't see silver as an investment- methinks many "bugs" hear "1000$" toz silver being thrown around...and see the entire idea as some kind of get rich (with dollars?) scheme. Most (if not all) of the stress and worry comes from ensuring my mom=ok. Frankly, (I'm certain everyone here has similar stories) didn't expect friendships to go by the train when trying to inform. What we feel, the great motivator has IMHO little todo with these shiny things, heck, haven't opened any boxes, I've seen what the stuff looks like at the store...all went straight into safe-places. Further histrionics! All rabbit holes lead to this juncture. Had mega-resistance when younger, establishing any correlation /w "money" (the fudging of) and the terrible goings-on worlds over.

Since 08', the brunt of personal development hasn't been stacking...but honing skills (once were hobbies). From a computer-kinda person, to becoming decent with electronics/solder...first aid, trauma response...storytelling.

Hmm. This is a PM forum!

I apologize for the circumlocution, time for a nap!
bugs is offline   Reply With Quote
Old 02-19-2013, 11:41 AM   #4
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,055
Liked: 2451 times
I like ASEs. 1oz silver seems imminently more utilitarian than 100ozt silver. That said, you want to swap four 100ozt bars for a 500ozt monster box? If you can swap that straight up, it's a no brainer!
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 02-19-2013, 11:51 AM   #5
Super Moderator
 
benjamen's Avatar
 
Join Date: Mar 2012
Location: Migratory
Posts: 1,620
Liked: 685 times
Threads on viability of silver stacking large quantities:
http://www.pmbug.com/forum/f3/stack-transport-1186/
http://www.pmbug.com/forum/f3/silver-storage-661/

Ratios between the metals:
http://www.pmbug.com/forum/f13/how-s...-buy-sell-703/

Comparing premiums:
http://www.pmbug.com/forum/f13/premiums-1580/

Thread with similar questions:
http://www.pmbug.com/forum/f13/advic...-purchase-118/
PMBug and ancona like this.
__________________
I drive men mad
For love of me,
Easily beaten,
Never free.

PMBug 101 *** Forum Rules
benjamen is offline   Reply With Quote
Old 02-20-2013, 08:52 AM   #6
n00b
 
Join Date: Feb 2013
Posts: 8
Liked: 6 times
thank you for the comments
bugs is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Refining Question JohnGee Silver Bug 7 03-09-2013 07:49 PM
question Jay Silver Bug 19 03-01-2013 06:35 AM
question Jay Silver Bug 5 01-20-2013 10:32 AM
Question: Best looking coins? Cybrsk8r STS 3 07-09-2012 07:41 AM
Question for DCFusor ancona STS 9 12-30-2011 11:37 AM


All times are GMT -5. The time now is 11:53 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.