METALS MELTDOWN: Gold and Silver collapsing as investors sell off

Jordan said:
Let me know how I can invest in your hedge fund. You do this in every thread, claiming miraculous timing after the fact. Let's play in real time, yeah?
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Like I said here and in similar threads, silver @ $23 spot was a no-brainer (IF you could find someone stupid enough to sell at that price). It didn't take psychic ability to jump in and it stayed there long enough for the least clairvoyant of people. Nothing miraculous, yeah?

Tulving now has ASE monsters back in stock at spot (currently @ 24.27 and still moving up) + $4.99.

Just sayin'...
 
Bossobass said:
Like I said here and in similar threads, silver @ $23 spot was a no-brainer (IF you could find someone stupid enough to sell at that price). It didn't take psychic ability to jump in and it stayed there long enough for the least clairvoyant of people. Nothing miraculous, yeah?

Tulving now has ASE monsters back in stock at spot (currently @ 24.27 and still moving up) + $4.99.

Just sayin'...
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So, for record keeping, I can write you down for being in at $24.27+$4.99 premium?
 
Does that $4.99 premium also apply if you sell the silver (curious)? If so, silver would have to rise from $24.77 to $34.25 (not counting any sales taxes or shipping) just to break even (a 40% increase).
 
It can, yes.

When premiums officially jump that much, often, the best way to sell is to people you find through Craigslist/Ebay etc.

Usually when premiums jump a lot, people pay MUCH more on the open market for the silver.

Zippyjuan said:
Does that $4.99 premium also apply if you sell the silver (curious)? If so, silver would have to rise from $24.77 to $34.25 (not counting any sales taxes or shipping) just to break even (a 40% increase).
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Zippyjuan said:
Does that $4.99 premium also apply if you sell the silver (curious)? ...
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Tulving lists their buy and sell price on the same page:

http://tulving.com/goldbull.html

Premiums fluctuate. The buy/sell spread you see today might be different in the future. That said, currently, Tulving is offering to buy at spot + $3.75 (for Mint sealed boxes - not sure about opened boxes)
 
Thanks for the info. I see you still need a pretty good increase in the price before you earn anything in return.
 
Operation Flood, Churn and Profit was a resounding success.

Wall St. and related businesses have been scheming forever on how to churn and move "wealth" storage into the markets, whether that be cash or gold. The casinos want your money. Get in there and gamble! They talk daily about all that cash in savings accounts that they need to get their grubby hands on. Government will help them.
 
Brian4Liberty said:
What happened to the metals and miners today?
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I'm sure that the financial media will report the bad ADP numbers as signalling "risk off" being the cause, but lol at fundamentals driving anything right now. Saw a chart posted in another forum where the selloff was occuring on no volume. I'd like to think that anyone with a brain interested in gold is buying physical right now and not paper (futures). Hell, even the President and Executive Chairman of the CME understands it.
 
Zippyjuan said:
Earlier today it hit a low of $1440 but is up a bit- currently $1454.
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Well , I saw that around lunch time, my local guy, where I had just come from , had two one ounce Krugerands that he had bought at opening with a large Standing Liberty Quarter collection and that was all he had in gold, lots of silver though,silver out the butt, but mostly at least low grade numistic. I ran into a guy I know, he was in buying an Uncirculated 1901 O dollar , for $43
 
Cowlesy said:
The great crash!!

I'm happy about this given I haven't planned to use Gold/Silver for anything in the next decade. I'd love to buy some gold at $300/$400 an oz and silver at $7-$8 an oz.
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I hear you. I have buying what I can afford for the past couple years, but would love a time machine to go back and tell the 1990's me to buy as much as I could at the time.
 
If investors are selling off why isn't there any to buy at the market rate?
 
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