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  1. Anyone else think that this is a sign that confidence in FIAT money is collapsing and that we might have to come up with a new system to instill confidence?
    Edited By: LuckyWilbury Apr 27th, 2011 at 11:34 PM
  2. I hope the government bails out all the speculators when the precious metal bubble bursts (eventually). they shouldn't lose their money if their investment goes bad, it would be unfair.
  3. mr pro. where would u buy silver/gold at online? and in your opinion, how is silver under 50 when you can sell it on ebay for over 60..
    Edited By: dtkodak Apr 28th, 2011 at 01:44 AM
  4. Because people who buy on Ebay are retarded. I see all the time a silver coin that you could buy from somewhere like apmex for say $50 and people are bidding $52 and there is still like an hour left in the auction. I just don't get it.
  5.  
    Originally Posted by norcaljeff View Post

    I hope the government bails out all the speculators when the precious metal bubble bursts (eventually). they shouldn't lose their money if their investment goes bad, it would be unfair.

    They're gonna have to bail out jp Morgan who has the largest short position in the world. Which is funny because they are supposed to store all the silver ETF slv

    And I'm no longer recommending people buy silver. It could go to 55 or 60 if the dollar that collapses but the downside is real and large if you're initiating a position at these levels.
    Silver could fall to 25 and I'd still be way up.

    I guess if I had a rating system I would have went from a strong buy to a buy and now am at a hold.
    Edited By: dolphin13 Apr 28th, 2011 at 02:13 AM
    Thread Starter
  6. so in online world, is apmex the place to buy? or should i go to my local gold/silver supplier in seattle and buy from them?
  7. spend time calling around. With a little hard work you can find eagles for sale for 4 over at a coin shop in your area. If you buy them from apmex you'll probably pay 4.50 over and wont get them for several weeks

    You can find them on craigslist for some good prices. around 1.50 or 2.00 per eagle.

    You jusy need to be able to spot a fake. Do a little online research. They're pretty easy to spot.

    I love norcaljeff's hate. Just cuz you live in mommy's basement, don't take your frustration out on other people
    ;0
    Edited By: dolphin13 Apr 28th, 2011 at 02:20 AM
    Thread Starter
  8. Is today the day????
    Thread Starter
  9. Hey Dolphin,

    I have a newbie question for ya. If you become strapped for cash and need to sell one of your gold or silver bars, where/who do you sell them to?
  10. You can sell them at any coin dealer, pawn shops, craigslist, ebay, or most jewelry stores. I usually sell them to online places and get a check within a week.
  11. Thanks Lefty
  12. Hi dolphin. I'm serously considering buying a ryedale penny sorter, and hoarding a few ton of copper cents in my basement. Do you think it's a bad idea to tie up 10k in that fashion for a long period of time?

    Thanks for all your posts about gold and silver, really learned alot in the last couple days.
     1
  13. 50 today?
  14. I am happy I stumbled into this topic. I went through some old boxes in my basement because I was pretty sure we had some of the American Eagles in there and I found 3 (encased and in the little purple velvet box...1986,1988,1990. Any idea on the value of these? They are all mint.
  15.  
    Originally Posted by dtkodak View Post

    mr pro. where would u buy silver/gold at online? and in your opinion, how is silver under 50 when you can sell it on ebay for over 60..

    The only people making money on this deal is Ebay. The buyer pays $60 and the seller gets raped with fees especially now that Ebay gets a fee on the shipping charges. Paypal (owned by Ebay) will also take a chunk. The seller is lucky if he/she gets the spot price.

    And FWIW, it's not uncommon to see gold sell for over $10,000 an ounce on Ebay.
    Edited By: runninbad Apr 29th, 2011 at 04:49 PM
  16.  
    Originally Posted by yeventry View Post

    Hi dolphin. I'm serously considering buying a ryedale penny sorter, and hoarding a few ton of copper cents in my basement. Do you think it's a bad idea to tie up 10k in that fashion for a long period of time?

    Thanks for all your posts about gold and silver, really learned alot in the last couple days.

    so ur thinking copper will be the next trend down the road??? i could see it bro, go beast mode before the trend hits, it'd be like poker 2006
     
  17. I'm glad i held off on buying RIMM for a while - holy fucking free fall.

    Down as much as 15% today b/c they lowered guidance for the quarter based on lower margins and increased developement costs.

    Now it is definitely a buy ... maybe.
  18. Why would anyone buy rimm is beyond me. They've lost their whole appeal, the business world. Google and apple are raping them. Rimm will lose market share and be irrelevant. Gg Rimm
    Thread Starter
  19. meh ... i'm not so sure about that Dolphin.

    I've been watching it bounce off the $52 mark for the last week or so b/c i had $52 as my planned entry point. Luckily it never got there for me and instead went straight down to $46 today lol.

    Gonna wait a couple days for the dust to settle and pick up some shares. I have to do a bit more homework on this over the weekend obv.
    Edited By: saxman Apr 29th, 2011 at 08:43 PM
  20. Rimm's best days are behind them. I can promise you that
    Thread Starter
  21. so close. I came up .15 cents short. Still a hell of a run we made Mr. silver
    Thread Starter
  22.  
    Originally Posted by dolphin13 View Post

    so close. I came up .15 cents short. Still a hell of a run we made Mr. silver

    solid prediction at 50 dolphin. You still take the cake!
  23. i just hoped people listened to me last week when I told them to not start buying silver

    I wish it would have held just one more week. I'm getting a table at a coin show next Sunday and the plan was to sell a little more than half my silver position. Now I have a tough call to make. These premarkets are so hard to decipher. Silver could wind up being up tomorrow. You never quite know. And there's some overseas markets that are closed tomorrow
    Thread Starter
  24. Did it really go from $49 to $43 overnight?

    What's a good place to get prices/charts?
     
  25. it closed for the weekend and then went from 48.22 to 42.17 in like five minutes. There's no real reason why it happened. The British and Japanese markets are closed so it's hard to tell if this is real, some manipulation, etc. The premarkets have been verrrry swingy. Last Sunday silver went up big on Sunday night and then crashed over the next two days by more than 10 percent and then recovered almost all of it by the end of the week.

    Thread Starter
  26. CME just raised their silver futures margin requirements brah
  27. Just saw this tweet.

    terranovajoe Joe Terranova

    July Silver 43.970 -$4.594 or 9.35% - CME raised margins after the close Friday
  28. thursday though NEW YORK (Dow Jones)--Exchange operator CME Group Inc. (CME) raised margins for Comex silver futures for the second time this week as silver prices soar amid much volatility. The higher margins take effect at the close of trading Friday, the exchange said. The CME revises its margin requirements as a normal course of business, and has previously raised bond requirements during times of high volatility to guard traders against additional risk. The operator owns New York Mercantile Exchange, which trades silver on its Comex division.
    Thread Starter
  29. so why would such an action cause the price to fall by almost 10% over the weekend?
  30.  
    Originally Posted by BigEarn7 View Post

    so why would such an action cause the price to fall by almost 10% over the weekend?

    Makes it harder to buy so less demand?
     3

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