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Prices crumble in front of our eyes!
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Thread: Prices crumble in front of our eyes!

  1. #1
    Join Date
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    North Carolina
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    Default Prices crumble in front of our eyes!

    Today's price drop confirms the volatility of the Silver & Gold market! I wouldn't worry too much though...as the industry & market starts buying up all the Silver at staggering rates that's a sure indication that prices will RISE again! This low will not last long, for I guarantee this weekend will hold record sales of that fine precious metal...SILVER.

    ps. It was all across the News today of Silver & Gold prices...this Market will soon go "VIRAL"

  2. #2
    Join Date
    Apr 2012
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    Scottsdale, Arizona
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    Before any of you guys give the Silver market any Viagra or Cialis, let's first buy up all the cheap Silver we can - okay?
    "If you don't know where you're going, you might end up some place else."
    - Yogi Berra

  3. #3
    Join Date
    Sep 2012
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    im thinkin the same... this is the best chance there has been since it first hit $26 so im willing to bet that there will be alot of people jumping on board for this boat ride... i just hope it doesnt sink lol

  4. #4
    Join Date
    Sep 2012
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    i cant wait to see what the total sales are for ASE's this month with this sale going on...

  5. #5
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    Quote Originally Posted by SilverCoin View Post
    Today's price drop confirms the volatility of the Silver & Gold market! I wouldn't worry too much though...as the industry & market starts buying up all the Silver at staggering rates that's a sure indication that prices will RISE again! This low will not last long, for I guarantee this weekend will hold record sales of that fine precious metal...SILVER.

    ps. It was all across the News today of Silver & Gold prices...this Market will soon go "VIRAL"
    Silver is a 35 year investment , it's never a good idea to invest any money that you will need in the near future , it's a hedge against inflation , not a investment you get returns on anytime soon. Silver is what gold ain't

  6. #6
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    Jun 2011
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    Quote Originally Posted by SilverCoin View Post

    ps. It was all across the News today of Silver & Gold prices...this Market will soon go "VIRAL"
    yeah right.........................and you can also save 95% on the items you want most on Quibids.

  7. #7
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    Oct 2011
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    North Carolina
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    Quote Originally Posted by Robert FGoens View Post
    Silver is a 35 year investment , it's never a good idea to invest any money that you will need in the near future , it's a hedge against inflation , not a investment you get returns on anytime soon. Silver is what gold ain't

    Tell the people of Apmex, Silvertowne, Provident, & Gainesville that Silver is a 35 year investment...they are making MILLIONS selling it on a monthly basis! I don't buy the hype of sticking metal under your bed for 35 years. You are gonna end up missing out on a lot of opportunities!

    If only Valerb sold at $48 & used the money to buy back at $27 or $33 He could have almost DOUBLED HIS STACK!!! Don't tell me.

  8. #8
    Join Date
    Aug 2009
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    Quote Originally Posted by SilverCoin View Post
    Tell the people of Apmex, Silvertowne, Provident, & Gainesville that Silver is a 35 year investment...they are making MILLIONS selling it on a monthly basis! I don't buy the hype of sticking metal under your bed for 35 years. You are gonna end up missing out on a lot of opportunities!
    Apmex etc make money by being the MIDDLE MAN. You missed the obvious fact they buy from one person and sell to another.

    Quote Originally Posted by SilverCoin View Post
    If only Valerb sold at $48 & used the money to buy back at $27 or $33 He could have almost DOUBLED HIS STACK!!! Don't tell me.
    You failed to account for capital gains tax.
    If you bought at $15 and sold at $48 your capital gains tax is approx $8 or $9. So in effect your cash sale price is $40.
    You could then buy back at $30 which is an increase of 1/3rd.
    You would NOT double your stack, but its true you would still get a nice increase.
    I suppose you do everything 100% cash and "forget" to declare it.
    Last edited by tom1000000; 13th April 2013 at 19:25.
    Legal Disclaimer: All posts by the person known here as tom1000000 are not to be relied upon for any reason and may be totally incorrect. All rights reserved.

  9. #9
    Join Date
    Apr 2012
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    Scottsdale, Arizona
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    Quote Originally Posted by tom1000000 View Post
    I suppose you do everything 100% cash and "forget" to declare it.
    I wouldn't dream of doing that. But I hear there are lots of people who do. Many of them are in government. Many are government leaders.
    "If you don't know where you're going, you might end up some place else."
    - Yogi Berra

  10. #10
    Join Date
    Jul 2011
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    Default

    Quote Originally Posted by tom1000000 View Post
    Apmex etc make money by being the MIDDLE MAN. You missed the obvious fact they buy from one person and sell to another.



    You failed to account for capital gains tax.
    If you bought at $15 and sold at $48 your capital gains tax is approx $8 or $9. So in effect your cash sale price is $40.
    You could then buy back at $30 which is an increase of 1/3rd.
    You would NOT double your stack, but its true you would still get a nice increase.
    I suppose you do everything 100% cash and "forget" to declare it.

    Do you pay sales tax at your LCS when you buy and sell ? Oh sorry you don't sell , when you buy ? I'm in fl , and have brought and sold a bunch of times at my local , with no tax?

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