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  #1  
Old 05/27/10, 02:59 PM
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Join Date: Apr 2010
Location: Moores Hill, IN
Posts: 19
Question I have a question

Found this very intesting http://www.rense.com/general90/predicts.htm

I cant afford gold bars so I was thinking about buying silver bars ,,,,
they say you can buy a silver bar for $17 a ounce
Where would i Buy them? does anyone know what Im talking about ?
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  #2  
Old 05/27/10, 03:13 PM
 
Join Date: Jan 2004
Location: MN
Posts: 7,609
We have been through several 'bubbles' in the ecconomy. Stocks years ago, dot-com companies, grains, copper, steel, housing.

People over-buy on these items to make it pretty much a pyramid scheme - we out-bid each other with rediculous money that we don't have unless someone else comes along with even more money that they don't have to buy me out....

At some point, it crashes.

People have been buying some gold & silver for a while now & hoarding it away.

While that can be a good investment, be careful you don't fall into the next bubble - gold & silver. It depends which way the ecconomy is going to go, and we aren't none of us sure of that!

Silver can go up & down a fair amount. Invest wisely, not based on a rumor or a one-time advice, and probably best to invest a little in several things, rather than all eggs in one basket.

I'm sure you knew all that & are doing so, but just wanted to stick 2 cents into the conversation.

Coin dealers, pawn shops, and the like are one source. Be careful you are working with honest people.....

--->Paul
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  #3  
Old 05/27/10, 03:17 PM
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Join Date: Jul 2009
Location: South Central Alaska
Posts: 721
Eh, I dunno. I think everything's going down the drain, but.....you still can't eat gold. (Or silver.)

As for your question, look on eBay. That's where I used to sell silver.
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  #4  
Old 05/27/10, 03:20 PM
 
Join Date: May 2002
Location: Tennessee
Posts: 2,141
You can't eat paper money either! Silver and gold always has and always will have value. At the rate they are printing money it might be good for starting your wood fires next winter.
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  #5  
Old 05/27/10, 03:36 PM
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Join Date: Apr 2010
Location: Alabama (east central)
Posts: 3,109
When I first started making silver jewelry going on three years ago, the spot price for silver was bouncing around from $9-ish to $11-ish an ounce if I remember correctly (fortunately, I bought a LOT of silver sheet and wire in the gauges I use most often use in my work so I'm good for quite some time!).

My point is that the value of precious metals can swing significantly with little warning (at least to those of us who aren't well versed in the trade can recognize). From what I've been told, right now it's risky as the current prices are inflated.

Just my .02
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  #6  
Old 05/27/10, 03:45 PM
 
Join Date: Apr 2010
Posts: 168
http://www.roaringlionpublishing.com...ry_Code=SILVER
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  #7  
Old 05/27/10, 03:48 PM
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Join Date: Dec 2002
Location: Northeast Ohio
Posts: 4,212
I bought some silver half dollars and some silver 1 oz rounds about 10-12 years ago. I paid about $2.50 I think for the halves and $8-9 for the rounds. I recently sold all of them on Ebay. I got an average of $5.50 for the halves and $20 for the rounds plus shipping. In my opinion...and it doesn't count for a whole lot...this is the time to be selling instead of buying. When or if the economy gets going again the prices will fall and I will buy and wait for the next economic downturn.

Nomad
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