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Monex Silver American Eagles Pass $50/Ounce
No commentary necessary.
But it could be worse. One could be trying to buy American Eagles in Latvia, where the dealer bid/ask is 45.91x....72.81!
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Faith without works is dead. Alleviate some suffering: http://www.worldvision.org
Alleviate your own suffering. If you didn't cause it. Don't take responsibility for it.
The continual theme in both old and new testaments is that the love of money - greed - is effectively worship of a false god. Recall the pagan gods were often gilded, such as the golden cow featured in the Hebrew's desert orgy at Mt Sinai while Moses was talking with the Boss.
Makes sense, too, as possession may be dispossessed at a moment's notice but inner peace goes with you to the end.
Hoping for Au and Ag to dip to add to my stores. Why? Jesus was not against wealth -- just so long as it was husbanded wisely and righteously, so as not to interfere with the important things.
@arnold
15But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have: that thy days may be lengthened in the land which the LORD thy God giveth thee.
16For all that do such things, and all that do unrighteously, are an abomination unto the LORD thy God.
Deuteronomy 25
I cannot think of anything more unjust than than the 'weights and measures' of the fiat dollar system. Or the fiat global money system as a whole! Everything floating against everything else. Clearly God is in favor of money being a specific weight.
@arnold
15But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have: that thy days may be lengthened in the land which the LORD thy God giveth thee.
16For all that do such things, and all that do unrighteously, are an abomination unto the LORD thy God.
Deuteronomy 25
I cannot think of anything more unjust than than the 'weights and measures' of the fiat dollar system. Or the fiat global money system as a whole! Everything floating against everything else. Clearly God is in favor of money being a specific weight.
obviously talking about the banksters...
$50, bitchez
+51...
+52...
+53...
+55...
+57...
+59...
then
x2...
x3...
x4...
silver bitchez !
Let's get physical
but one wise poster told us silver can be dug up for $5.00.
looks like he picked a bad day to short silver.
Well the Shovel costs 30$, figure at least $20 in gas to get to the mine....Wala 50 $ Silver!
good thoughts. i didn't remember to buy the shovel or the gas.
and 30 dollars in lunch money
about 150 in salaries
minting costs 10 dollars
little profit 5 dollars
....
245$ and maybe I'll sell 1 ounce :)
Up with Silver & Gold!
Down with Bernanke, The Federal Reserve & Private Central Banks!
Thank you BEN! WE'RE ALL GONNA BE RICH!!!!!!!!!!
Relatively speaking.
Okay: "We're all gonna break even on an inflation-adjusted basis!"
If we're lucky. As much as I despise the fiat system and the Fed looters, I don't look forward to the social dislocations resulting from its collapse.
It's going to be ugly, that much we know.
Correct.
What has been good news for silver bugs (like me) is bad news for all of us.
likely not rich, but free men possibly once again.
Well yeah, but how's this good news for silver?
oh, wait... never mind.
-
Somewhere out there the Hunt brothers are weeping silent tears.
Is that a 10-bagger in your pocket or are you just glad to see me?
I have bagger envy. Mine's only 2 and a half.
Mine's not quite either . . . but that 50 handle gets it close!
.
free basing silver...
bytches
as Richard Prior said
after an unfortunate accident
with some either, while free basing
"when you're running down the street
on fire
people get out of your way "
exactly the reason i never carry plague paper frn's - they burn!
i hate being on fire running down the street.
OT:
Tyler can you please make the avatars bigger.... I need more distraction.... :O
oh and...... sliver bitchez
Commentary....silver bitchez
So where's the F**king Dip!
1 PM yesterday. Sorry if you missed it.
Just bought an anti-microbial cannister for my daughter's humidifier. Active ingredient? Silver, bitchez.
Silver is great, Kills bacteria, vampires and BANKERS!
Down with the CRIMEX and JPMORGUE
"Kills bacteria, vampires and BANKERS!"
Redundancy fail.
Not necessary to insult bacteria and vampires like that
Yeah, some of my best friends are bacteria.
If a dealer is selling under $55-$60 for single SAE sales, they are insane. Walk in traffic guarantees a $58-$60 on 2011's in most cities.
I've yet to find a metal, gold, silver or an alloy, with substantial nutritive value. I'll stick to direct investments in tangible tin futures.
No metals with nutritional value? Get a better multi-vitamin. Mine says it has chromium, manganese, magnesium, copper, zinc, selenium, potassium and molybdenum.
I doubt if sucking on tin all day is good for you. But what do I know?
Tin, as in Tin cans...
I have been waiting for a pull-back to load up all week.
A stupid move!
Don't feel bad, I've been waiting for a pull-back since $27.00!
I'm staying in cash until we get resolution regarding QE3. I think BB might let the market free fall for a bit. You know, just to get people begging for another hit of QE.
If that happens and the stock market(s) do indeed go down, what makes you think PMs will go down also?
Buy, take delivery, hold, secure, relax, prepare, sit-back.
I am not squirrely at any price under $75
Tyler....... When/where/under what circumstances do you intend to sell silver? Are your stops tight? or lose?
Good question. Here is some perspective: link
TD, that document don't read that well.
Can't you copy it?
I can read it well. maybe your browser isn't good at rendering them. using chrome?
SD, at the botton of the reader is an icon of a square with an x. Click it and you will get a full size rendering of the document which is very easy to read.
TD, excellent link, thanks for posting.
DaddyO
Windows - Hold down CTRL and press the large + (plus) key to resize the text. CRTL + 0 (zero) to reset when done.
Excellent. Thanks for the link.
Tyler since you probably have so much silver and gold, will you take me to Greece or one of it's islands? please!
GOT c o i n? bitch.
TD, that document talks almost only about gold and sees silver purely linked to industrial usage.
To you think silver will implode during the second phase of the crisis?
I 'don't think so.
Untill 64 it was very common to use 800 silver coins as currency. Before the 1900 it was 900 silver.
That made the currency very stable for decades in a row.
To recreate a stable currency again, they need to redo this.
Second: our communication age needs silver on a rising need. Without the communication tools, our society would collapse.
The focus is not on gold or silver. The focus is on Minsky and his moments
copied it in a word doc. , but I don't think I got all the text. missed that one.
Cliffs: We're not to mania phase yet, which assumably is what it would take for a Tyler exit.
God knows what to do with the freaking FRNs once you do sell it though.
You can download the article as a PDF file.
tyler, how cum you replied to s. debt like in two minutes, and not me! i addressed you with honorable TYLER† maybe should of said tylers, maybe someone in the office might be interested. i just waxed†
Maybe if you went back to the avatar with the whip???
And, boy-oh-boy have we got a Big Bank and a Big Government! Together, the Benny and Timmy tag team have spent, lent, or guaranteed nearly $25 trillion in the name of Uncle Sam. And that still is not enough. “It” is still happening. How much more will Uncle Sam need to spend? How much more can Uncle Sam afford to spend? Is Obama taking us to the land of Weimar and Zimbabwe?
Thanks TD.
I can't help but think we are about a week or less behind SINA (Nasdaq). ;)
Great article.
i'm a little nervous about this. i think of all the people i know who have no silver or gold. who will have nothing. some of them have children. i worry about this--all the desperation.
Gall batter: I feel the same as you! I too am dancing in the streets today, of course. But when we all sit down to catch our breath, it might be good to reflect on what this all means in the immediate future for our friends, family, and neighbors. And only you can answer what type of person you are and whether or not your heart will be moved to help your neighbor survive the cataclysm that approacheth. Meanwhile -- party on, with measured sobriety.
BanksterSlayer, exactly. I will be a helper. That's the way I'm wired.
I have worked for years to become more self sufficient; my quest has morphed into more of a getting the Hell out of system quest. Living a pioneer lifestyle doesn't scare me. (Mad Max Zombie raiders not included) What scares the shit out of me is this: I can help my neighbor. I can even help one or two of their neighbors, but I can't help the sheer volume of people who are going to need it. SO when I take a few friends and neighbors, and go to the shack and bolt the door.... It isn't because I'm hoarding shit, or being selfish. It's because I KNOW in my heart I will not be able to turn people away, especially not children. I'm afraid I will give until I have inadvertently taken from the mouths of my own children. Therefore, a sort of self imposed exile with a SMALL community is my solution. Irregardless of wants or desires, I have a responsibility to my kids.
okay, am i a bad person for hoping alex trebek has no silver or gold?
No. Alex Trebek is a bad person for asking you dumb questions.
I'm not sure what you're asking, but when I said that I know I won't have the heart to turn away hungry children, I thought we were on the same page.
we are on the same page. i could never turn away a child. not sure i could turn away an adult either, though. that's the dilemma. as to my flippant comment--had just watched 'jeopardy'. trebek was doing his usual--smug and superior.
Buy their children, give them scissors and make the trim your lawn.
no serious ive did that... fucking edgers my ass
Where my trolls at.
buy. Buy! BUY!!
Silver will go up and down.. I am waiting for the chicken little $50 plus Pull Back / profit taking / sell off! and then I am buying MORE! BTFD's People!
The Bernake and InfiniTimmy have NO other choice than to Print and buy thier own Treasuries back! 0% FED Window, 6% Tax Payer Charge for Printing!
Easiest / Safest Money You will ever make in the rest of Your Life times!
JW Approved!
Silver is heading for correction within weeks:
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...
http://saposjoint.net/Forum/viewtopic.php?f=14&t=2626&st=0&sk=t&sd=a&sta...
Silver is heading for $80 within months:
http://reality
Silver is headed for my stomach in seconds! Who says you can't eat silver!
Patron Bitchez! (Shot no.3 at the silver after party over here.)
you can recycle it and get the perpetual colloidal effect
I think I just tried to after shot 6.
Shot NO. 5 for me. Damn it's hard to keep up!
As we say here on campus, Thristy Thursday bitchez!
Let me tell you the truth. From a guy (me) that has been a chartist with books out on Amazon and has been a hedge fund advisor for 15 years...
NOBODY KNOWS SHIT. yes, its that simple. nobody really knows the future, as the future is full of things that are unforeseeable. the only thing you have control over (to a certain extent) is your own money management.
I have to agree, that is why I have been working hard to average out my silver longs with option day trades or short term holds on calls. This proces has been pretty simple so far with with the silver graph we have to work with.
I have also been taking profits to buy a good hand of physical thanks to my friends here at ZH. I appreciate all your knowledge everyone, thank you.
We have been preparing for the worst but still hope for the best.
I will start selling when i get $100 for a common date silver dollar.... almost halfway there now...
FYI for 500 Silver Eagle 1oz coins, here are a couple of spreads:
Apmex $4.29
Tulving $3.49
Monex is a flawed company. Hardly are they the pricing Vanguard of the future.
I need to go on vacation to some of these countries that it's hard to find Silver
eagles and Maples. Sell them for $60 a pop.
How can we ship the silver out of N.A into countries that are starving for it?
I will start selling when im all out of food, water, ammo, and clothes.
Or,
To buy land, put some animals for eatin and farmin on it. Put some plants that produce food on it. You know the speil.
Or,
To buy back into the SDR, NWO currency. So we can start this ponzi all over again.
Tyranny, Bitchez.
I started seeing 20 tubes of ASE's go for a cool $1000 on eBay last week. As high as $1150 today...$57.50 each.
The FRN auctions are a complete fail. You can't buy a $1 with $100 anymore. Sadness. ;)
Mercury dimes just hit $4.00 each (by the roll) on APMEX. $4.00 for a dime? WTF
http://www.apmex.com/Category/966/90_Silver_Specific_Coins_By_The_Roll.aspx
It isn't like this run wasn't somewhat anticipated. What is impressing me is the relative anemic movement of gold!
And the Silver miners!
I read an interesting article on hedgie manipulation of the miners the other day. I'll see if I can rustle it up for you. It made a lot of sense. If you can't control the price of the physical, go for the miners. There is a connection there in the minds of many investors that is causing some consternation, as on your part.
The ratio of Gold to Silver has to close don't ya know.
last Ratio of 32:1
It's all about closing the Gap in the ratio.
Historically, gold:silver is.....~16:1
(If you factor that silver is selling for $55 the ratio is 27:1)
How can there be a spread that wide 45.91 X 72.81.
Are people desperate to sell and buy at the same time?
That does not make much sense to me.
Help out a fuffy cone. ;-)
@Fluffy,
Sense in these markets, hell, any market is not present. In other words, making sense of anything economic or financially related is a losing man's battle.
Only thing that makes sense right now is, inflation UP, Food UP, Commodities UP, PM's UP, FIAT down, Real Estate down.
That's basically all you need to know or to make sense of, everything else is inconsequential.
Yup. That about sums it up.
How many tulips can I buy with an ounce of silver?
how many tulips does it take to make your woman happy?
Ahhhh, Snap!
Eagles are running north of $1100 a roll on Ebay.
Nice , but still only about 10% of 1980 adjusted in cpi $'s. We ain't seen nothing yet.
All the euphoria present amongst the ZH PM crowd reminds me of the last days of the real estate bubble. I was very fortunate to sell my last investment property in may 2005 for a profit. Soon after the wheels came off and the whole market began to unravel. I moved into PM's and have enjoyed the run up. This current PM market has all the earmarks of "Bubble" written all over it and gives one pause when the exuberant poster's start calling tops and bottoms. I have considerable PM's and think of them as just another vehicle to ride in as long as they still run well. All bets are off, when the road becomes littered with debris that can flatten tires and punch holes in the radiator.
While I am a big fan of PM's, we live in very interesting times which call for much research and prudence.
DaddyO
This research and prudence you speak of is the "writing on the wall", all one has to do is open an eyeball or two to the real world around them. Take a peak at a history book or two. and Viola. Purdence and research completed.
PM's in physical posession + supplies + like minded people + advocating truth, liberty, freedom.
SA, couldn't agree more, however the PM markets are showing some frothiness of late that gives me pause. I've been waiting for a pull back of some consequence. It hasn't happened, only a few little dips here and there. I am not a trader, just someone who has chosen to park some profits from my business in PM's to protect them from the effects of current central planning and banking. I have also gone long on lead, lead delivery devices and assorted other goods.
The writing is on the wall concerning inflation, commodities and pm's, I just never want to underestimate the FED's ability to kick the can a little further down the road.
DaddyO
I'm not a trader either and began reading these same "waiting for a pull back" cautions at $20, $25, $30, $40.....
I have seen peeps on here going all in and I think that's foolish. Never put all your eggs in the same basket, no matter the "economy."
I have a last of $46.60 into close, which is 1.54x silver's 200MA. "Correction imminent" is *supposed* to be at 1.4x depending on who you ask. Make of it what you will.
@DaddyO
No offense, but did youre home work include facts? http://www.safehaven.com/article/14646/can-gold-and-silver-equities-expe...
@Segestan, no offense taken. Read my post above...
DaddyO
The last days of the real estate bubble were when the hair dresser, the taxi driver, the gal at the bar, etc. told you to invest in real estate because it such a great investment . . . all on the same day.
We are not even remotely close to that scenario yet. When you have 2 or 3 people tell you to buy gold and/or silver on the SAME day, maybe then you should be exiting the PMs.
Look to $2000 USD for gold and $150 USD for silver before the public even begins to notice there is something happening in both.
How do you know? Care to explain or is this all hyped?
It's pretty simple. Gold and silver, like anything else, will enter a terminal bubble stage when the masses realize that their paper currency is worth less and less until it is literally worthless. When that suddenly happens, they will rush towards both gold and silver, but silver more so as it is literally the "poor wo/man's gold" as there are more people who can afford silver even at $150 an ounce than there are souls with $1,500 to plunk down.
By the time the "masses" realize their plight it will be to late! They will also have realized they are broke and don't possess the "where with all" to buy into the PM game. So I don't figure on the "masses" to be a factor in the price at all. It is more like me and those like me who are just hedging the devaluation of the FRN's our businesses generate. I just don't have any faith in the FRN's being supercharged into the marketplace. That hot money is obviously causing the volatility in all markets. I will continue to drive PM's until another vehicle proves itself worthy of my ride.
DaddyO
If it ever happens at all, which I often doubt. For the public to enter the PM market in droves, they are going to have to overcome literally decades of inculcated pro-bankster, anti-PM propaganda in which owning the physical precious metals is the sole domain of "Gloom and doomers", "Armageddonists", and "End of the World Survivalists" --- and even that assumes that the pro-Establishment, "mainstream" analysts, spokesmen and media whores give up their ongoing campaign of disinformation against the precious metals, something for which I see NO signs of happening anytime soon.
Let's make a bet. I bet you one 1-oz gold Krugerrand that my 1-oz will be worth over $2,000 USD before Jan. 1, 2013. If I win, you give me one 1-oz gold Krugerrand and if I lose, you give me one 1-oz gold Krugerrand.
Care to put your words on the line?
Actually, I am not really at odds with you at all, and I DO believe that the prices of the PMs are on a (terminal?) upslope trajectory. I merely question whether the rate of public participation in the PM market, in this day and age, is ever going to rivel the rate at which they participated in the real estate boom of the last decade.
+1
The RE boom was fueled by the ease of finding OPM to do deals. It is not so easy to find a hard money lender willing to lend on PM's like in the RE game. Hence, the average joe will only be able to afford one or two SAE at a time. They will not be able to buy a monster box or multiples.
DaddyO
DP
DaddyO
Not to mention the average joe wont be able to get a second mortgage on an oz of gold to buy all the worthless crap he can get his paws on, like he could with real estate.
Big turn off for the average consumer.
No, the average guy on the street will never get into PMs on a large scale, esp when he is priced out of the game. Average joe doesn't even save 5 percent of his income for a rainy day, let alone purchase PMs.
Its a fools dream
http://dollarcollapse.com/
James Grant explains the history of inflation -- a good vid to watch.
Guys what do you think about this -
http://www.buyandhold.com/bh/en/education/history/2000/hunt_bros.html
@magnix
For Some of the Best PM information out there. Period.
www.tfmetalsreport.com & www.sgtreport.com
What does it have to do with the "bubble" being eurpted when the silver prices reaches all time high or is it NOT a "bubble" due to the dying dollar?
Dont just send me links to increase traffic on your Websites!
im handing you a fishing pole, i can't fish for you. I'm also showing you where to fish.
http://kingworldnews.com/kingworldnews/Gold.html & http://tfmetalsreport.blogspot.com/
They aren't my websites. But you know what, fuck it. I'll just beat you with the fishing pole until you listen.
Is anyone buying the old junk silver coins? A local dealer is asking 95% spot. I think that is high. I have SLV and bars, now I want old Mercury dimes but don't want to get scammed.
95% spot on Junk Silver is good. Dealer is basing the spot on the content of the junk then that's a good deal. throw in another 6% for taxes.
Online they sell Junk at .20 cents to $1.00 over spot + delivery of course.
Hannes has 'junk' at spot -$1 per oz. But of course he only sells in $1K face value lots.
ooopps
This is old news. Silver bullion crossed $50 last week on ebay.
http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0
$50 is nothing. Silver hit $60 today on ebay!
http://silverdoctors.blogspot.com/2011/04/real-price-of-silver-hits-60.h...
Again, an attempt at a last minute take down in PM's. A daily thing now. Maybe Bloomberg is posting slow or incorrect figures.
I was at the bank on monday, and back in the corner of the lobby is a little case with collector coins for sale in it. Mostly 'proof sets', the State quarters and so on. Also in the case was a shiny, new 2011 Silver Eagle priced at 47.95$. Silver was 43$, so I pondered that I was around 5$ over on 'spot'.
Today, I called the Mrs, asked her to take XXX, and buy as many as they had if the price had not gone up.
She later informed me that I was 'dumb', as the Silver eagles were indeed 47.95 (plus tax) but the one ounce "Happy birthday","Graduation", "New baby" Silver tokens were 36$. So, she bought some of those also.
As many have stated here, most people have NO CLUE as to silver's value.
I think she's a keeper!
hope mrs. drysdale is a keeper for more reasons than this. wouldn't want to think my mr. appreciated me only for my smart-shopper choices.
No, she's great.
I am so glad that both of us 'see' things the same way regarding the economy.Many people on the 'boards' have a spouse that is a DGI, and it seems sad/causes strife.
Silver, Gold, and shame on CNBC!
$50 Silver is now obviously the target near term but longer term is more important. The shorts (JPM) are now hopelessly under water and there IS no escape. Yes the Fed can funnel more cash to maintain this position but the higher Silver goes, the higher the likelihood that the longs will demand physical delivery.
There are all sorts of upside forecasts including James Turkcalling for $400 Silver, as mentioned before with Gold, trying to put a Dollar number on anything (even a cup of coffee) during a hyperinflation is impossible because no one can possibly know how debased the currency will become. For that matter no one even knows if the Dollar will survive with enough value to be replaced or whether it goes the way of the Reichmark and disappears to zero.
After ten years of Gold, Silver and their miners outperforming everything on the planet, CNBC should hang their heads in shame.
They pooh poohed Gold and Silver nearly all the way up and for the most part have only had guests on that conveyed nothing but fear of loss to their viewers.
Pick whatever level you'd like, Gold $300, 500, 1000, 1,000 or Silver $4, 7, 15, or $20, most of their guests gave the wrong reasons for the rise and nearly always said "they may run another 5% or so but this stuff is dangerous".
They even started with their bubble bullshit with Gold at $1,000 and Silver at $17, what a disservice they have done.
Remember back in 2002, 2004 timeframe where Larry "King Dollar" Kudlowwould laugh at anyone even remotely interested in metals. They would have mining co. CEO's on that sounded more like apologists for their product rather than cheerleaders. It has been and still is pitiful.
THEY have been wrong for more than 10 years now, REALLY WRONG!
Remember when that "whacko" Bill Murphy from GATA was hooked off of CNBC by Ron Insana because $600 Gold was insane stuff.
Bill still has not been invited back even though nearly EVERYTHING he forecast over 10 years ago has already come to pass or is happening now.
No, they keep bringing out the same clowns who have been wrong all these years and are still wrong. The most famous is Dennis Gartman who probably has lost money in Gold trading all these years because he keeps getting whipsawed. To lose money from the long side in a market that has increased 5 fold is almost mathematically impossible, notice I said "almost"!
Even a blindfolded monkey would have stood good odds at making money in the metals. Gartman, Nadler, Christian, Klapwjik, Prechter and all the rest have done huge damage to their clients by constantly yelling "shark in the water", had their clients just bought and never ever sold where would they be now in comparison?
Hindsight is 20/20 but there were some who were bullish, really BULLISH before the year 2000 and as it turns out for the right reasons.
Does CNBC ever have anyone on who has been really right for the last 10 plus years?
Especially if they were right for ALL the right reasons? NO, they don't. Only recently is anyone bullish Gold allowed to speak on their hallowed airwaves.
They didn't because they couldn't! If after 3 or 4 years they started whipping up public sentiment and actually told the truth about "fractional reserve" metal, we never would have even made it to the fall of 2008, the GFC and ultimate bankruptcy of the Treasury would have exploded by 2006 or 2007.
Hell, it might not have even happened if Gold shot to $2,000 back in 2004 because the debt trough that Treasury drinks from would have already gone dry!
You can hold your breath if you wish waiting for an apology from CNBC for instilling "metal fear" all these years but it's not coming.
Once the whole system implodes, you will only see a few recent clips of guests with their heads screwed on correctly with CNBC exclaiming see, "WE TOLD YOU SO"!
While writing this they now have Rob McEwen, ex Goldcorp CEO and current CEO of Minerva talking about $5,000 Gold while the brainless bimbette hostess talks about taxi cab drivers who are bullish on Gold being a good reason to sell.
So with today as an example, who you gonna believe, the brainless bimbo or the guy who has been right for the right reasons for over 10 years?
With CNBC the more things change the more they stay the same!
www.lemetropolecafe.com
Silver to the moon!
Why get upset over the media and what they do? I've found that tuning them out of my life completely has not harmed me at all, given the new role of the internet to deliver all of the news I previously only got through TV.
It should be clear the mass media is beholden to certain major interests with incentives to keep PM's assigned to a fringe niche. Banks can't earn interest on PM's, but they are happy to "safeguard" your fiats while they earn enough to award obscene bonuses to management.
To rehash, the MSM, Banks, Fed, are all connected. To actively swim against their currents is a challenging pursuit, yet I continue doing so, because as so many of us here know, we are simply on the right side of history. Buy Silver.
Dp
Golddealer.com usually has the best spreads for pm's if you count shipping and insurance.
I sell them my last box when their offer hits 50.
My kids have each a 10 oz bar. Gave it to them when the shit was practically worthless. Now to convince them to sell
Anybody else remember buying wtc 10 oz bars for $65 dollars?
Greetings, 1st post but reading, reading, reading every day. I feel I am seriously out of my league with ya'll (yep, it's a deep south thing). Each day trying to figure out of ya'll are just bluffing or if I am indeed 'late to the table'. It's tough waking up from a happy, deep slumber, tiny little egg growing (not) and now speed reading as the world turns faster every second. Limit $, but watching my fiat fall each day makes me sick. Thanks to ZH I quit feeding the 401K (made me queezzzzy anyway) but can't afford to make a loan and payback. Soooo, if anyone can come down to the working wo'man level, I'd love to hear thoughts for the 'not so fortunate to gamble much'. Again, love reading, love learning from those who took the red pill long before me.
Southern man here.
Depending on your risk tolerance you may have some low risk options in your 401k.
Dollar cost average in up to your match gives you an immediate 50 percent return if you have a match plus an interest free loan called the tax deduction.
It is too bad almost all the paid-for advice you get is worthless as well as most of the free.
Go to vanguard.com investor education center. It is easy to read and educational.
Diversify!
Thanks for the reply and tip - more reading tomorrow. I recently moved risky 1/2 $ to PIMCO at a very low return and spread the rest. Employer matches 100pc (sounds awesome, but Principal is limited on investment options - bonds, bonds and bonds). I've toyed with how to move the budget to opting out, but the penalty makes me bite my nails. Guess it's always 'who's brave at the crap game'.
Unto each his own, but removing up to half in an emergency loan to yourself may be an option. As long as you make monthly payments (you can spread this over quite a long timeframe), there is no immediate penalty. I put mine in physical PMs, though granted my 401k was (is) laughably small. Just calculate an amount you COULD tolerate being cut out of your check as a contribution, multiply by 60 and take that amount out.
Not a bad idea. I worry a little about the timing of her spec move. Remember nice innocent people are usually post mania bagholders.
I am a retard. That should say 100% instead of 50%
Future Southern man here.
I felt the same way i.e. late to the party. Didn't start buying silver 'til last fall, but sure am glad I did and still do. Keep learning and go for it.
Thanks to ZH I quit feeding the 401K (made me queezzzzy anyway) but can't afford to make a loan and payback.
you probably can't afford NOT to take a loan against it
how are you going to feel if your 401K is confiscated by .gov & replaced with a "guaranteed" retirement annuity?
best thing I ever did was cash mine OUT & start a small business with the proceeds
Curious....less pure than the Canadian Silver Maples yet selling for more?
They are "backed by the full faith and credit of the U.S. government".
* insert laughter here *
It is somewhat difficult to buy American Silver Eagles here in Brazil for less than 75 USD.
$2.6511578232 is the total melt value for the 1942-1945 silver nickel on April 21, 2011