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gp339 · Reputation: 5 Joined: 02 Jan 2010 Posts: 571 Not Posted

I just bought a one kilo silver coin yesterday Smile

Love it

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herzog · Posted: Mon May 09, 2011 8:20 am Post subject:

You're joking? Where did you buy one kilo of silver? At alibaba.com?
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Sono caldo. Mi piace donna!

HerChi Highway · Posted: Mon May 09, 2011 11:43 am Post subject:

1 kilo silver coins are very common for collectors, from the Australian Kookaburra and the Chinese Panda, to the Mexican Libertads and large coins with an Aztec calendar on them. Check on eBay.

Rayzorblades · Posted: Mon May 09, 2011 6:50 pm Post subject:

1 Kilo? As in 2.2 lbs? Wow.
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riws · Posted: Mon May 09, 2011 8:16 pm Post subject:

If he bought it at 49$ he has lost almost 30% in last weeks crash.

Silver is oversold now and looks a good buy at $35 ; if it corrects a bit.
It should be a short term trade.

For some weird reason, I can't see dollar collapsing more - US might come out
of their mess and it is possible you might see a bigger problem in Europe.

If dollar index goes up, both gold and silver will correct heavily.

HerChi Highway · Posted: Mon May 09, 2011 8:59 pm Post subject:

He has lost nothing. The disconnect between the paper price and the physical price has just begun. If he sold that coin today on eBay, he would get between 50 and 70 dollars an ounce for it, or $2,000 to $2,500.

If its a true collectors item, he can command $5-7,000 for it.

Silver took a beating due to some pretty outrageous and also pretty ingenious machinations lately. It will return to $49.00, and you will not have that long to wait.

HerChi Highway · Posted: Mon May 09, 2011 9:10 pm Post subject:

SolarFeline · Posted: Tue May 10, 2011 2:29 pm Post subject:

inspector_11 · Posted: Wed May 11, 2011 5:18 am Post subject:

inspector_11 · Posted: Wed May 11, 2011 5:23 am Post subject:

riws · Posted: Wed May 11, 2011 5:12 pm Post subject:

I still believe that Gold is a more stable option than silver. gp is known to be gold coin collector.

Just have a look at Gold Silver ratio (GSR) http://is.gd/0qn31F

It was touching 30 when silver crashed. I think a ratio of 50 is more reasonable which means (most probably) Gold either will play catch up while silver consolidates.

riws · Posted: Wed May 11, 2011 5:19 pm Post subject:

One good blog I came across is by Turd Ferguson ; quite accurate with his analysis and a silver bull.

http://tfmetalsreport.blogspot.com/

gp339 · Reputation: 5 Joined: 02 Jan 2010 Posts: 571 Not Posted

Just bought 2 Kilos of silver on ebay

http://cgi.ebay.com.au/ws/eBayISAPI.dll?ViewItem&item=290565608534&ssPageName=STRK:MEWAX:IT
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gp339 · Reputation: 5 Joined: 02 Jan 2010 Posts: 571 Not Posted

Darkblade · Posted: Tue May 24, 2011 7:50 am Post subject:

I'm curious guys... If these coins do jump in price ten fold, where exactly do you cash in? By reselling at eBay?

Would it be better to invest in, say, precious stones like the stuff sold at eBay or ftv.com?