sold 1500.00 of face 40% today

[silvercop]

i had said that i was going to sell my 40% halves when silver reached 22.00 oz. it got there this morning and i called my buyer and pulled the trigger. got 9K for 1500.00 face which comes out to be 6.00 for each 40%. might kick myself later but i just feel silver is going to start falling soon, especially if the republicans win big in Nov.

 

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[AGCoinHunter]

Cant go wrong locking in profits. Now wait for the dip and go buy some .999.

 

[DrDetector]

$6 for each $1 face in 40%. I got $5.60 last week so I think you did really well.

 

[d2arcing]

still got plenty more to spare?

am thinking about selling but no one to really sell to but seems like silver is dropping now...

nice job

 

[Rich Hartford]

i had said that i was going to sell my 40% halves when silver reached 22.00 oz. it got there this morning and i called my buyer and pulled the trigger. got 9K for 1500.00 face which comes out to be 6.00 for each 40%. might kick myself later but i just feel silver is going to start falling soon, especially if the republicans win big in Nov.

Good deal. I don't think you will be kicking yourself if you exchange your profit into 90% or .999 silver.
PM's are going to go up even after the elections because even if they all get in there,there won't be enough Repubicans elected to fix the damage already done. The best they can do is create the illusion that they are trying.
HH
Rich

 

[jim4silver]

i had said that i was going to sell my 40% halves when silver reached 22.00 oz. it got there this morning and i called my buyer and pulled the trigger. got 9K for 1500.00 face which comes out to be 6.00 for each 40%. might kick myself later but i just feel silver is going to start falling soon, especially if the republicans win big in Nov.

Sounds like you got a kick a$$ deal at 3 bucks per coin. Since you presumably got the coins at face value, you did well even if silver goes up more.

I believe there will be a correction coming soon, but in time gold and silver will keep going up no matter what parties win their elections.

I hope to buy more silver and gold if a nice correction comes, hopefully it will.

Jim

 

[quiksilver]

Gr8 price. I also think that there will be a temporary pull back in silver but will keep going up after that and if they go thru with a QE2 it will soar.

 

[phrostie]

great job silver cop. Now you can put that money back into the CD you took it out of to do CRH and get 1% interest!! Or use it to get more coins. Regardless, no regrets, good sell! 6 face is a good price...I only got 5.75. Congrats!

~phroshizzle

 

[sniffer]

silver is currently trading at 22.14 ounce

 

[FreedomUIC]

Gr8 price. I also think that there will be a temporary pull back in silver but will keep going up after that and if they go thru with a QE2 it will soar.

Please enlighten me as to what QE2 is? I am not aware of what it is.

 

[AGCoinHunter]

Gr8 price. I also think that there will be a temporary pull back in silver but will keep going up after that and if they go thru with a QE2 it will soar.

Please enlighten me as to what QE2 is? I am not aware of what it is.

Quanative Easing version #2.

 

[jethro1469]

FreedomUIC: the Wiki definition of QE is below. QE2 is the second try at this. Many investors think this kind of "hail mary" scheme will cause the metal market to soar.

Wiki says:

The term quantitative easing (QE) describes a monetary policy used by central banks to increase the supply of money by increasing the excess reserves of the banking system. This policy is usually invoked when the normal methods to control the money supply have failed, i.e the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero.

A central bank implements QE by first crediting its own account with money it has created ex nihilo ("out of nothing").[1] It then purchases financial assets, including government bonds, mortgage-backed securities and corporate bonds, from banks and other financial institutions in a process referred to as open market operations. The purchases, by way of account deposits, give banks the excess reserves required for them to create new money, and thus a hopeful stimulation of the economy, by the process of deposit multiplication from increased lending in the fractional reserve banking system.

Risks include the policy being more effective than intended, spurring hyperinflation, or the risk of not being effective enough, if banks opt simply to pocket the additional cash in order to increase their capital reserves in a climate of increasing defaults in their present loan portfolio

 

[FreedomUIC]

Thanks, I think.....

Now my head hurts, I am just a Systems Analyst/Senior Programmer, and that crap made my head hurt.....

 

[Silverbull]

Sounds like you got a decent price.

 

[TheRandyMan]

i had said that i was going to sell my 40% halves when silver reached 22.00 oz. it got there this morning and i called my buyer and pulled the trigger. got 9K for 1500.00 face which comes out to be 6.00 for each 40%. might kick myself later but i just feel silver is going to start falling soon, especially if the republicans win big in Nov.

Hmm...is that not $3.00 for each 40% coin? $1500 face would be 3000 half dollars, 9000 divided by 3000 = $3.00 per coin.

 

[silvercop]

i had said that i was going to sell my 40% halves when silver reached 22.00 oz. it got there this morning and i called my buyer and pulled the trigger. got 9K for 1500.00 face which comes out to be 6.00 for each 40%. might kick myself later but i just feel silver is going to start falling soon, especially if the republicans win big in Nov.

Hmm...is that not $3.00 for each 40% coin? $1500 face would be 3000 half dollars, 9000 divided by 3000 = $3.00 per coin.

yes that is correct. i got 3.00 per coin. i meant to say i got 6X face instead of 6.00 each. i was caught up in the moment a bit.......sorry