1. #36
    pablo222
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    With silvers spike recently, I am a little hesitant on purchsing more bars right now, but I think this might be the new price floor.

    Should still be a safe investment.

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  2. #37
    ChuckyTheGoat
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    Quote Originally Posted by pablo222 View Post
    With silvers spike recently, I am a little hesitant on purchsing more bars right now, but I think this might be the new price floor.

    Should still be a safe investment.
    You're right, Pablo. We never know. But silver is now 10% more expensive than it was about 8 weeks ago.

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  3. #38
    ChuckyTheGoat
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    Taking a BATH on this silver right now. Felt smart for a few days, not so much now.

    I wonder if Peter Schiff will ever retreat on his gold-bug stance. Sounds like he's going to advocate gold til the day he hits the grave.

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  4. #39
    pablo222
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    Silver at 24.42 and i think it is still on the way up Chucky.

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  5. #40
    ChuckyTheGoat
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    Quote Originally Posted by pablo222 View Post
    Silver at 24.42 and i think it is still on the way up Chucky.
    Yeah, will be interesting to see where it goes after that massive spike.

    My eyes are open.

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  6. #41
    ChuckyTheGoat
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    I'll go for some more short-term projections. As we speak (end of July 2020):

    BITCOIN: $11,174 (vs usd)
    GOLD: $1956
    silver: $23.35

    Let's go for projections for end of 3q (9/30/2020):
    BITCOIN: $11,800. I think it keeps moving up, but slowly.
    GOLD: $2020. May see resistance if it creases $2000.
    SILVER: $28. Best bet, imho. Still has room to grow.

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  7. #42
    ChuckyTheGoat
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    Gold at 1992
    Silver at 25.27

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  8. #43
    HockeyRocks
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    Quote Originally Posted by ChuckyTheGoat View Post
    Pab, wanted to give u one comment. My recent transactions were my first foray into purchase of physical silver + gold.

    The surcharge on Gold wasn't too bad. $12 above Spot, so if the bid/ask was a few dollars, that's around 1% extra charge.

    I did find the surcharge on Silver to be harder to palate. OK, gold is much higher per Ounce (than silver). Approaching $2 markup on a $17 asset...that's an Expense Load of > 10%. I didn't like that part of it. But I did want to add Silver to my portf
    olio and I bit the (silver) bullet, knowing that we have to get to $19 just to break-even.
    Just a question, how much would silver have to go up for you to make a few bucks and who is the market to buy them from you. If not bars, would you advise buying those 1oz. Silver Eagles?

  9. #44
    ChuckyTheGoat
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    Hockey, good question. I'm well beyond my break-even point. Made my buys a good while back.

    Note: I'm not even close to a financial expert. These are just my opinions.

    I bought thru a bullion shop. Buying silver is frustrating for sure. You pay a surcharge a good bit above the spot price, and I'm not sure best route to sell. Seems to be too many expenses, for sure. I just view it as a hedge against inflation.

    Lastly, one option is to buy SLV in the stock-mkt. I think that item moves pretty much in lock-step w/ silver/USD price. And expense ratio is reasonable, only 0.50%.
    Last edited by ChuckyTheGoat; Today at 12:26 AM. Reason: is

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  10. #45
    ChuckyTheGoat
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    Quote Originally Posted by ChuckyTheGoat View Post
    I'll go for some more short-term projections. As we speak (end of July 2020):

    BITCOIN: $11,174 (vs usd)
    GOLD: $1956
    silver: $23.35

    Let's go for projections for end of 3q (9/30/2020):
    BITCOIN: $11,800. I think it keeps moving up, but slowly.
    GOLD: $2020. May see resistance if it creases $2000.
    SILVER: $28. Best bet, imho. Still has room to grow.
    I can't believe it. One week into August, all 3items have already creased my projections listed above. That's how fast this stuff is moving.

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