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  #1  
Old 10-22-2010, 11:34 AM
Got Goldies Got Goldies is offline
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100ob is starting to look right about $23 being a new bottom. I would have thought that Silver had a potential to sell off more.
  #2  
Old 10-22-2010, 05:21 PM
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ARCHANGEL ARCHANGEL is offline
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GG

So did I.

Now I think if you can get sae at 24/2450 that would coincide with
slv dropping only to 21.62. Not very far away at this point.
Maybe 22.05 /22,12 on spot.
Gold dn to 1225/45 still viable.
If this does not occur then we all will miss probably one of the last buying opportunities for physical. Spreads may widen even further as we procede.
  #3  
Old 10-23-2010, 01:39 PM
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Argiros Argiros is offline
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Default Nice post 100OB, supports my thoughts

which you, others and KITCO help me form


Archangel:

Quote:
When you thought that silver would not go below 15
the last time ,the market(Including a bit of manipulation to keep it going)
waylaid your technicals. We all realize anything can happen. Just your thought on this aspect would be appreciated
I remember when it was $10-11 during the crash, but the premiums were $5-$6 for SAE & SML. You could not get it in your hands for less than $15 unless you got junk or large bars. And you were still lucky coming off with it for $12-13. So in reality, on the ground, it could not be aquired for less - regardless of what the paper price was.


Cheers all,
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  #4  
Old 10-23-2010, 02:31 PM
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sadly, the above is true. would have been great to score ASE for cheap, but no.
  #5  
Old 10-23-2010, 02:40 PM
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Quote:
Originally Posted by Argiros View Post
which you, others and KITCO help me form


Archangel:



I remember when it was $10-11 during the crash, but the premiums were $5-$6 for SAE & SML. You could not get it in your hands for less than $15 unless you got junk or large bars. And you were still lucky coming off with it for $12-13. So in reality, on the ground, it could not be aquired for less - regardless of what the paper price was.


Cheers all,
Argiros my memory is the same as yours. I made a significant purchase in Autumn 2008...on the way down...BEFFORE premiums were at their worst...and when spot was in the high $10.00 range the best I could do was $13.25. And that was for big ugly bread-loaf .995 bars....not coins.

The beginnings of the disconnect between paper and physical prices was evident then, and I believe, mild, compared to what I expect in the event of any similar correction we might see now. I'm very doubtful that a paper price correction will result in significantly lower prices for physical buyers of size from here on out.

I've read all the tales and braggodoccio surrounding purchases at the bottom and have to snicker just a bit. Yes, you may be able to snipe 5 or ten coins from a clueless seller on ebay or craig's list or wait 8 weeks for something from the NWTM....but buyers of size that demand immediate shipping will not have such luxuries.
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  #6  
Old 10-23-2010, 08:18 PM
SkinsFan0521 SkinsFan0521 is offline
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Quote:
Originally Posted by Stormdancer View Post
Argiros my memory is the same as yours. I made a significant purchase in Autumn 2008...on the way down...BEFFORE premiums were at their worst...and when spot was in the high $10.00 range the best I could do was $13.25. And that was for big ugly bread-loaf .995 bars....not coins.

The beginnings of the disconnect between paper and physical prices was evident then, and I believe, mild, compared to what I expect in the event of any similar correction we might see now. I'm very doubtful that a paper price correction will result in significantly lower prices for physical buyers of size from here on out.

I've read all the tales and braggodoccio surrounding purchases at the bottom and have to snicker just a bit. Yes, you may be able to snipe 5 or ten coins from a clueless seller on ebay or craig's list or wait 8 weeks for something from the NWTM....but buyers of size that demand immediate shipping will not have such luxuries.
It's true, the premiums were higher than now... at most places.

I can guarantee you that I was buying Canadian Maples for about $13/oz and reselling (on eBay) for between 70% & 100% profit after shipping & fees (not counting capital gains taxes that needed to be paid at the end of the year).

So, yes, some were paying crazy prices, but not everybody. Ya just gotta know where to look and who to buy from.
  #7  
Old 10-24-2010, 12:46 AM
lowcommotion lowcommotion is offline
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Default Tax on coins in Canada

Quote:
Originally Posted by SkinsFan0521 View Post
It's true, the premiums were higher than now... at most places.

I can guarantee you that I was buying Canadian Maples for about $13/oz and reselling (on eBay) for between 70% & 100% profit after shipping & fees (not counting capital gains taxes that needed to be paid at the end of the year).

So, yes, some were paying crazy prices, but not everybody. Ya just gotta know where to look and who to buy from.
I was sure that there is no tax on coins in Canada.
Am I wrong or did you pay tax that you shouldn't
have? Cyclist has stated many times to own gold
coins over bullion in Canada because there is no
tax. Is this wrong ?
  #8  
Old 10-24-2010, 08:34 AM
SkinsFan0521 SkinsFan0521 is offline
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Quote:
Originally Posted by lowcommotion View Post
I was sure that there is no tax on coins in Canada.
Am I wrong or did you pay tax that you shouldn't
have? Cyclist has stated many times to own gold
coins over bullion in Canada because there is no
tax. Is this wrong ?
I don't know, I'm from the USA.
  #9  
Old 10-24-2010, 09:58 AM
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ifionlyhadsomegold ifionlyhadsomegold is offline
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GG's, watch and learn.

maybe someday you will be able to make THE call.

  #10  
Old 10-24-2010, 10:02 AM
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ifionlyhadsomegold ifionlyhadsomegold is offline
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Quote:
Originally Posted by SkinsFan0521 View Post
I can guarantee you that I was buying Canadian Maples for about $13/oz and reselling (on eBay) for between 70% & 100% profit after shipping & fees (not counting capital gains taxes that needed to be paid at the end of the year).

so you where selling them for $20+ when?
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