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Started By
Message
I have 320 ounces of silver coins. Should I cash it in?
Posted on 9/21/11 at 3:46 pm
Posted on 9/21/11 at 3:46 pm
I'm not desperate for money. I know silver and gold has skyrocketed in the past few years. Just want some opinions.
This post was edited on 9/21/11 at 3:47 pm
5
Posted on 9/21/11 at 3:58 pm to diddydirtyAubie
Well, I wouldn't buy any more, that's for sure.
Smart trade, IMO, would be to sell those and use the proceeds to buy APC, XOM, BP, SLB/HAL, and APA stock.
Smart trade, IMO, would be to sell those and use the proceeds to buy APC, XOM, BP, SLB/HAL, and APA stock.
Posted on 9/21/11 at 10:32 pm to diddydirtyAubie
No. Don't do it. You'll be sick to your stomach if you.
Posted on 9/21/11 at 11:12 pm to goodgrin
quote:
No. Don't do it. You'll be sick to your stomach if you.
Do you think the price of silver will continue to rise? I figured the price maxed out earlier this year around $49 an ounce.
Posted on 9/21/11 at 11:41 pm to TheHiddenFlask
quote:
buy APC, XOM, BP, SLB/HAL, and APA stock.
Which do you think is the best? Where do you see XOM going?
Posted on 9/22/11 at 8:03 am to diddydirtyAubie
I hope you sold your silver yesterday. Ag is down 9% ($3.50) this morning. Gold is only down 4% (-$73/oz.).
This post was edited on 9/22/11 at 8:06 am
Posted on 9/22/11 at 8:24 am to wegotdatwood
quote:
Which do you think is the best?
I'm heavy in BP, but I really like APA as well.
This is just a sector bet though. Give up dollar devaluation protection of precious metals and pick up dollar devaluation protection of oil.
Posted on 9/22/11 at 8:39 am to diddydirtyAubie
I would buy some off of you at the spot price.
Posted on 9/22/11 at 9:21 am to diddydirtyAubie
by trading the coins in for dollars, you instantly lose some of the reasons for holding the coins to begin with ... If I were you, I'd sell some, but wait until the next big panic day where it skyrockets
Posted on 9/22/11 at 9:52 am to Crawdaddy
My grandfather worked at a dog track for many years. He would count a lot of the money they took in at night. He used to trade his personal money for silver pieces and other unique coins. He would come to visit every 6 months or so when I was a child. He always brought me coins every time he came and I just kept accumulating coins. I had forgotten about the coins until the other day. I was shocked to see how much silver had gone up this year.
This post was edited on 9/22/11 at 11:03 am
Posted on 9/22/11 at 10:49 am to diddydirtyAubie
Maybe i'm weird, but I would never sell anything my grandfather got me. I don't care what its dollar value is.
Posted on 9/22/11 at 11:01 am to I Love Bama
quote:
Maybe i'm weird, but I would never sell anything my grandfather got me. I don't care what its dollar value is.
Well I was planning on keeping coins from the 1800s. But all the silver dimes, and quarters must go.
Posted on 9/22/11 at 11:38 am to diddydirtyAubie
oh, I thought you were talking more bullion related...those are collectibles and that's a whole different story
Posted on 9/22/11 at 11:49 am to diddydirtyAubie
quote:
Do you think the price of silver will continue to rise? I figured the price maxed out earlier this year around $49 an ounce.
Yes, I know the price of silver will continue to rise. Central banks and people around world, with the exception of stupid Americans (~99%) are buying precious metals because they know that fiat currency is a dead currency walking. Investments don't move in a straight line. You're going to be absolutely shocked at the rising prices of precious metals over the coming years.
Posted on 9/22/11 at 11:51 am to LSURussian
quote:
I hope you sold your silver yesterday. Ag is down 9% ($3.50) this morning. Gold is only down 4% (-$73/oz.).
Just bought 500 more ounces of 2011 American silver eagles at www.gainesvillecoins.com. It was on sale.
Posted on 9/22/11 at 11:54 am to diddydirtyAubie
quote:
Well I was planning on keeping coins from the 1800s. But all the silver dimes, and quarters must go.
I would be happy to purchase your silver dimes and quarters at spot price. Current prices per pre-1964 dimes and quarters are $2.69 and $6.71 each, respectively.
Posted on 9/22/11 at 11:56 am to I Love Bama
quote:Same here.
Maybe i'm weird, but I would never sell anything my grandfather got me. I don't care what its dollar value is.
Posted on 9/22/11 at 12:16 pm to goodgrin
just bought another silver quarter this past weekend. Made me a ring out of it
Posted on 9/22/11 at 12:25 pm to LSURussian
quote:
I hope you sold your silver yesterday. Ag is down 9% ($3.50) this morning. Gold is only down 4% (-$73/oz.).
Do you think the silver run is over?
Posted on 9/22/11 at 12:27 pm to ItNeverRains
quote:
Do you think the silver run is over?
Yes.
Uh....no.
Phuck...I don't know!
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