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ODT Gun Show & Swap Meet - May 4, 2024! - Click here for info
Official ODT Silver Thread
- Thread starter roscoe1911
- Start date
1. Buy when the market is down (now is a good time)
2. Buy from a source with "free shipping" (Provident and JM Bullion are good vendors. Over $100 ships free).
3. .999 silver is ,999 silver. Generic rounds are a good product and are economical. Silver Eagles and other gov't issues are somewhat more desireable, but again, silver is silver. It depends on what your "strategy" is. Stacking or collecting? If you are buying with selling in mind, Silver Eagles or other gov't mint silver are a little easier to sell and will command somewhat of a premium over spot.
4. Buy as close to spot as possible. There will always be a premium, but look for smaller premiums.
5. Larger quantities usually mean lower /oz cost.
6. Never sell
.https://www.jmbullion.com/#
https://www.providentmetals.com/silver/silver-rounds-weight/1-oz-silver-rounds.html
You can also track live spot prices here:
http://www.kitco.com/market/
You will be looking at the "bid" prices.
Others will be along shortly.
2. Buy from a source with "free shipping" (Provident and JM Bullion are good vendors. Over $100 ships free).
3. .999 silver is ,999 silver. Generic rounds are a good product and are economical. Silver Eagles and other gov't issues are somewhat more desireable, but again, silver is silver. It depends on what your "strategy" is. Stacking or collecting? If you are buying with selling in mind, Silver Eagles or other gov't mint silver are a little easier to sell and will command somewhat of a premium over spot.
4. Buy as close to spot as possible. There will always be a premium, but look for smaller premiums.
5. Larger quantities usually mean lower /oz cost.
6. Never sell
.https://www.jmbullion.com/#
https://www.providentmetals.com/silver/silver-rounds-weight/1-oz-silver-rounds.html
You can also track live spot prices here:
http://www.kitco.com/market/
You will be looking at the "bid" prices.
Others will be along shortly.
90% US silver coinage is also a good investment..
Get a 1.5%-2% cash back credit card
Don't go into debt, only buy what you can payoff that month.
Link card to PayPal
Buy off eBay, use only the large bullion companies
-- they use eBay to dump product fast
-- free shipping
Reputable eBay Dealers: APMEX, JMBullion, BayPreciousMetals,
d.b.s.Coins, PinehusrtCoins, ModernCoinMart, SilverTowne,
BullionExchange, UnitedStatesGoldBureau
Don't go into debt, only buy what you can payoff that month.
Link card to PayPal
Buy off eBay, use only the large bullion companies
-- they use eBay to dump product fast
-- free shipping
Reputable eBay Dealers: APMEX, JMBullion, BayPreciousMetals,
d.b.s.Coins, PinehusrtCoins, ModernCoinMart, SilverTowne,
BullionExchange, UnitedStatesGoldBureau
...right now spot is 12x (times) face value. What is your buy point? <13x, <14x, <15x
*SOLD* I have some Washington quarters for sale at melt, if anyone is interested. Need to free up some cash.
https://www.theoutdoorstrader.com/threads/fs-80-washington-quarters-at-melt-value.1444404/
https://www.theoutdoorstrader.com/threads/fs-80-washington-quarters-at-melt-value.1444404/
Gold is down today and it took silver with it:
"Gold took a solid hit at the Asian close, but no new fundamentals presented themselves to justify the 1% drop. It appears a large commercial order hit the market at the close and pushed gold to the next support level we outlined last week at $1,237. Equity markets appear to be set for a higher open and the dollar is somewhat stronger but both factors are likely not responsible for the drop. Gold’s failure at the $1,255 resistance level may have triggered a technical sell and with limited participation, the size of the sell order pushed gold to the aforementioned support level. There is economic data due out today that traders will monitor to assess U.S. economic strength, including U.S. durable goods. If gold fails to hold the $1,237 level, it is likely we will see the metal trade in the $1,220s. Until we get a close above $1,255, the technicals will remain bearish"
"Gold took a solid hit at the Asian close, but no new fundamentals presented themselves to justify the 1% drop. It appears a large commercial order hit the market at the close and pushed gold to the next support level we outlined last week at $1,237. Equity markets appear to be set for a higher open and the dollar is somewhat stronger but both factors are likely not responsible for the drop. Gold’s failure at the $1,255 resistance level may have triggered a technical sell and with limited participation, the size of the sell order pushed gold to the aforementioned support level. There is economic data due out today that traders will monitor to assess U.S. economic strength, including U.S. durable goods. If gold fails to hold the $1,237 level, it is likely we will see the metal trade in the $1,220s. Until we get a close above $1,255, the technicals will remain bearish"
Translation: "someone" sold 2B$ worth of paper gold while the Indian markets are closed for a holiday at a time when there is not much liquidity, ie central banks to maintain CONfidence in the dollar.
