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Thread: Why the Upswing?

  1. #51

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    OMG What is going on!!!

    I'm lost and dont know what to do.

    Kitco are currently buying back at $7000 and trying to sell at $9500!!

    Why would you make it so difficult to buy back in?

  2. #52

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    Quote Originally Posted by maxwellsilverhammer View Post
    if i remember right, the spreads were $100 now $200. just damn!
    Quote Originally Posted by ynot2k View Post
    Now $400
    It sure would be nice to return to those "high premium" days of $400

  3. #53

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    the smart move is to buy dips, one thing about commodities is that although they may have high swings, it wont go bankrupt but a company can go bankrupt. you lose only when you sell.

  4. #54

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    Quote Originally Posted by ynot2k View Post
    It sure would be nice to return to those "high premium" days of $400
    Exactly.

    WTF is going on!!!

    I don't even think that they were that big in 2008.

    Now it's currently $2500!!!
    Last edited by midiman; 03-17-2020 at 07:05 AM.

  5. #55

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    Quote Originally Posted by Jibron85 View Post
    the smart move is to buy dips, one thing about commodities is that although they may have high swings, it wont go bankrupt but a company can go bankrupt. you lose only when you sell.
    How can you buy on any dip when thee Kitco buy price is $2500 over the selling price in a time like this!!

  6. #56
    Join Date
    Jun 2014
    Posts
    3,458

    Default

    Stop complaining about this metal drop....still WAY high compared to 6 months ago.

    Silver is hurting, silver stackers can complain

  7. #57

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    Quote Originally Posted by midiman View Post
    OMG What is going on!!!

    I'm lost and dont know what to do.

    Kitco are currently buying back at $7000 and trying to sell at $9500!!

    Why would you make it so difficult to buy back in?
    You are lucky they are back to buying back at all! When I called and checked with price over $10K, they were not. Remember when I advised you to try and sell?

    See post #35 & #39 above. It seems like people will only believe advice they pay for.
    Last edited by motocat; 03-17-2020 at 11:24 AM.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  8. #58

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    Quote Originally Posted by motocat View Post
    You are lucky they are back to buying back at all! When I called and checked with price over $10K, they were not. Remember when I advised you to try and sell?

    See post #35 & #39 above. It seems like people will only believe advice they pay for.
    I think you advised to sell a few years ago too when the price was well below this and I held on.

    Nothing has changed here and after the Corona Virus has gone there is going to be an almighty global spend.

  9. #59

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    Quote Originally Posted by DutchSilver View Post
    Stop complaining about this metal drop....still WAY high compared to 6 months ago.

    Silver is hurting, silver stackers can complain
    Silver is dire.

    I have a stack load and I couldn't give it away.

  10. #60

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    Quote Originally Posted by midiman View Post
    How can you buy on any dip when thee Kitco buy price is $2500 over the selling price in a time like this!!
    the high premiums suggest shortage or risk. in my opinion your not supposed to sell when it is falling, unless you really need the money, you are supposed to buy if you have the funds available and you don't need it right away.
    Last edited by Jibron85; 03-17-2020 at 03:39 PM. Reason: update

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