Geez mate, you really know how to win friends and influence people, no? Dealing with PM's - if you'd check any dealer's site, involves being at the mercy of spot price. By your words, it seems you expect dealers to buy high and sell low, and magically cover the costs of their business "somehow". Let me guess, you're one of the first to bleat when a dealer doesn't have what you want in stock ready for immediate delivery. I'd suggest you rethink things a little - and, dare I suggest, show some respect at least for the dealers and regular sellers here on this forum, who, in my findings and dealings to date, are actually quite genuine people who care about their customers, and genuinely want to help people build their stacks. I can't blame 'em for wanting to not dig themselves into the poor house along the way. If you want to take the above comments from me as being in a "hostile manner", so be it. Not my loss.
i sold most of my junk Silver today at the old high prices thankfully, while i still could, to buy more 999 at low prices. i personally think there is nothing wrong with selling at any time if you can flip if for profit. Now im cashed up and i dont have the worries about how far it will drop. Today's chart looks like Mr Squiggle fell off his stool.
I thought it sounded pretty hardcore and cool lol But aside from that: Selling on the way down is for quitters
So when people see a drop in price like this do they tend to sell off their silver? I'm getting pretty excited actually. hopefully it will stay lower next week as that is my pay day!
No - practically speaking it's difficult (although not impossible) to sell large amounts of physical silver every time there's a dip. Retail dealers will generally buy it back...for the right price (ie. at spot or below), so it's hardly worth it. Most ppl will hold on and may add to our stack if we've got any spare fiat. I certainly didn't get into physical PM to trade it; if I wanted to do that then I'd be trading the paper markets
You're not supposed to sell on the way down, if you panic and sell you'll realize your losses and there's a general downward pressure on prices when you list now even more so with the crazy graphs. Unless you're a dealer you shouldn't be trying to sell but instead adding to your stack by buying more Look at the long term, fundamentals haven't changed. BTFD.
I'd watch it drop to 7 bucks an oz and not sell a gram. I have sold gold twice to make a little money in the last month, including a week ago, If I hadn't I would be too low on fiat to be buying today LOL
Guys, i don't think any dealers will go for a loss. If they sell at this price to you, then they buy more from big dealers more at spot price. And if say Big dealers are making loss then you are wrong, as they get for prices below spot from mints. SO, nobody makes loss, every one has his/her place to go when prices are low. EDIT : just being a little serious, new here. WELCOME ME, also don't get afraid, as you know why you are here, and you understand the market... lol a 18 year talking so mature and you all are talking like kids...lol
