Making money in silver, other PM

[500mag]

I'd thought of buying some gold myself but would pay the premium for specie rather than buy paper. You'd do that if you planned to hold it in case of emergency right?

Yes, and don't worry about day to day moves by the traders playing in the paper market.

 

[palmettomoon]

LOL. Ain't got time fo dat!

 

[BigMike]

Back when gold was around 250 and silver was between 4 and 5 bucks an ounce, I used to buy off the webs and sell to the smelters. I didnt get rich off it but it made enough to be worth fooling with. 20% was the bare minimum I would fool with it for profit. That was back when the smelters were paying 94 percent for scrap and the turn around was a week. The last time I tried it took almost a month to turn the money and the profit gap was barely covering the gap of postage and fuel.

 

[Trailrider]

I look at silver as a longer term investment. You can't really flip it from $14 when it hits 14.53 because you have to find somebody willing to buy it from you at spot. Most dealers that buy/sell are there to make a profit and wont give you spot, and so unless you find somebody else looking to buy your silver at spot you are better off just holding on to it.

 

[chucklenut]

not a bad time to maybe sell gold in a bit before it drops back to 1200 or so

or it wont lol

 

[500mag]

not a bad time to maybe sell gold in a bit before it drops back to 1200 or so

or it wont lol

I wouldn't be selling any Au - it will beat the market again this year, just like last year.

 

[500mag]

 

[chucklenut]

I wouldn't be selling any Au - it will beat the market again this year, just like last year.

eww you think gold is a buy at 1300 or do you think folks should just hold?

im out if its over 1300 IMO

 

[500mag]

It's already above 1300 and going higher, 50 DMA just crossed above the 200 DMA....

 

[geerod]

what about cannabis stocks. Ive heard so good stories. I think its gonna blow once its taken off schedule one list, what do yall think?