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- - Anyone else taking PM profits this weekend? (http://goldismoney.info/forums/showthread.php?t=239116)

The Voice Of Reason | 02-23-2008 12:01 AM
Anyone else taking PM profits this weekend? Anyone else taking some PM profits this weekend?

Copperhead | 02-23-2008 12:23 AM
Re: Anyone else taking PM profits this weekend? I have some silver that I need to sell.

Aussie | 02-23-2008 02:25 AM
Re: Anyone else taking PM profits this weekend? HELL NO!!!

Canadian-guerilla | 02-23-2008 07:03 AM
Re: Anyone else taking PM profits this weekend? cash out and then what ? hold on to paper money for myself, i'm done with prepping supplies-gear any extra money i get now i buy silver my silver won't be future insurance if i cash out now

Gray Ghost | 02-23-2008 07:12 AM
Re: Anyone else taking PM profits this weekend? Couldn't do it... I'm still saving up to buy!!:D

latemetal | 02-23-2008 07:20 AM
Re: Anyone else taking PM profits this weekend? Nope, still in buying mode. If you did sell some of your silver, what would you be buying? :wink:

TaxHaven | 02-23-2008 10:02 AM
Re: Anyone else taking PM profits this weekend? Not easy to take profits on a weekend...banks and stock markets all closed...

eric2075 | 02-23-2008 10:24 AM
Re: Anyone else taking PM profits this weekend? He said pms.

RaccoonRiverRadical | 02-23-2008 10:28 AM
Re: Anyone else taking PM profits this weekend? I sold a Krug to my coin dealer Friday. He gave me 910. Spot was 943. I also sold an AGE for 925, which was a better deal. I then walked around the corner to the bank and didn't get the teller whose looks I am in love with, but I could still see her between the smudges on the 4" thick bullet proof Plexiglas.

platinumdude | 02-23-2008 10:37 AM
Re: Anyone else taking PM profits this weekend? Quote:
Originally Posted by RaccoonRiverRadical (Post 979919) I sold a Krug to my coin dealer Friday. He gave me 910. Spot was 943. I also sold an AGE for 925, which was a better deal. I then walked around the corner to the bank and didn't get the teller whose looks I am in love with, but I could still see her between the smudges on the 4" thick bullet proof Plexiglas.
Sounds too me you got ripped off. on APMEX they are buying GAE for $964.30 and Krugs for $935.

RaccoonRiverRadical | 02-23-2008 10:50 AM
Re: Anyone else taking PM profits this weekend? Why would Apmex pay $20 over spot for a coin? You have trouble getting that win you sell to an individual on CraigsList?

platinumdude | 02-23-2008 11:46 AM
Re: Anyone else taking PM profits this weekend? Quote:
Originally Posted by RaccoonRiverRadical (Post 979947) Why would Apmex pay $20 over spot for a coin? You have trouble getting that win you sell to an individual on CraigsList?
I guess the GAE are in demand. http://www.apmex.com/Product/1/1_oz_...ndom_Year.aspx and here is the krug http://www.apmex.com/Product/62/1_oz...ndom_Year.aspx

1618 | 02-23-2008 11:55 AM
Re: Anyone else taking PM profits this weekend? Quote:
Originally Posted by Aussie (Post 979776) HELL NO!!!
Exactly!!! :D Unlike many in this forum I prefer to trade the larger swings since PM's are so volatile but I don't see us being anywhere near a major top at the moment.

Gcubed | 02-23-2008 12:24 PM
Re: Anyone else taking PM profits this weekend? Quote:
Originally Posted by RaccoonRiverRadical (Post 979947) Why would Apmex pay $20 over spot for a coin? You have trouble getting that win you sell to an individual on CraigsList?
Maybe cuz they can sell them for more? :confused_ma:

RaccoonRiverRadical | 02-23-2008 12:34 PM
Re: Anyone else taking PM profits this weekend? Quote:
Originally Posted by platinumdude (Post 979987) I guess the GAE are in demand. http://www.apmex.com/Product/1/1_oz_...ndom_Year.aspx and here is the krug http://www.apmex.com/Product/62/1_oz...ndom_Year.aspx
Next time I sell, which will be in 2 weeks, that is how I will do it. Where I live all coin dealers want to purchase below spot. I wonder how they can compete with APMEX, unless everyone, like me apparently, is ignorant of APMEX prices?

ppius13 | 02-23-2008 12:46 PM
Re: Anyone else taking PM profits this weekend? I will hold my precious metal positions for about another eleven (11) years, adding on a yearly basis. The average citizen does not realize that the U.S. dollar, and dollar -denominated assets are not the store of wealth that they once were. I fully expect to see gold -- $2,500.00 and Silver -- $50.00, possibly higher, before this precious metals bull cycle comes to a close. You will then witness participation of the "average Joe" in the metals market. The tremendous one day upside moves that we have seen in platinum, we shall one day see in gold, +/- $75.00, and , on a percentage basis, in silver. Gold and silver will triple from here during the next decade, as a consequence of widespread distrust in paper currencies.

Gcubed | 02-23-2008 12:47 PM
Re: Anyone else taking PM profits this weekend? Quote:
Originally Posted by RaccoonRiverRadical (Post 980028) Next time I sell, which will be in 2 weeks, that is how I will do it. Where I live all coin dealers want to purchase below spot. I wonder how they can compete with APMEX, unless everyone, like me apparently, is ignorant of APMEX prices?
Local Dealers provide immediate settlement and no shipping costs. Large internet dealers often pay more. I guess it boils down to convenience and the time value of money. Dealers are in a service industry. Customers determine the service they need.

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