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O/T Precious Metals Investing

Discussion in 'Uncategorized Threads' started by spitter, Mar 7, 2008.

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  1. spitter

    spitter Well-Known Member TS Supporters

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    Lead is just one metal that has increased along with copper, aluminum etc...

    Anyone accumulating any position in silver or gold for investment? Its already high and I got burned back in '80 with the Hunt Brothers collapse - thinking about putting some American Eagle coins in my IRA.

    Thanks in advance for sharing,

    Jay Spitz
     
  2. over the hill

    over the hill Active Member

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    In my opinion you answered your own question. However, times are different now so a small investment might be warranted. I dont think precious metals will drop like they did years ago but I wouldnt get carried away just yet.

    Just my opinion. Regards.....Gerald
     
  3. skeeljc

    skeeljc Supporting Vendor Supporting Vendor

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    I have several hundres dollars of silver coins that I sat on when silver went to $50 with the Hunt brothers. Maybe this time I will sell them.

    Be carefull with investing at these high levels. There is a bubble in most of the commodities. Bubbles tend to explode. The speculators are in commodities BIG TIME!

    Jim Skeel
     
  4. abiezer

    abiezer Guest

    Now's a great time to get in,buy high,sell low.
     
  5. spitter

    spitter Well-Known Member TS Supporters

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    I bought 20 Eagles a few years ago on eBay - after all expenses about $6 each for an uncertified "set" of years, plus a couple extras - $120. So I've got those, but now I keeping watching and wonder...

    Appreciate the comments,

    Jay
     
  6. Bocephas

    Bocephas Well-Known Member

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    Looks like we may have another gold rush.
    I have a friend that pans gold out west.
    I have no idea how long it took him to get it,but he has 41 Oz.

    He is going back this summer with a sluice.

    He claims we will see 1500 hundred an ounce.

    My question is a sluice legal?

    Bo
     
  7. halfmile

    halfmile Well-Known Member

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    Green Bay Wisconsin
    Navigable waterways are fair game. If it floats a canoe, you can work it. A friend and I were going to do some creek work in Upper Michigan.

    Keene Mining Engineering makes several models, from a little 6 horse floating on a tube all the way up to the one posered by a 3200 Cat.

    They took the lead out of our lake with one.

    HM
     
  8. s100whunt

    s100whunt TS Member

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    Buy when its low sell when its high
     
  9. spitter

    spitter Well-Known Member TS Supporters

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    s100 -

    So which is it now? Is it low OR still to go higher - so do you sit on the sideline to watch and wait?!

    Jay
     
  10. hoggy

    hoggy TS Member

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    I don't know about any of you but I sold what I had in gold. Bought @ 300 sold @ 700-$930. If it keeps going up now I'm still a happy camper. Unforntunately for me I have no more gold. Never know. Not sure if it will ever go back to 400 or under and I didn't and am not waiting to find out. PS. Golds like sex. What goes up must come down.
     
  11. shannon391

    shannon391 Active Member

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    I think it will go to $2,000 , soon. lol.
     
  12. scratcher

    scratcher TS Member

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    Buy ABX or KGC. Both mining stocks. The best is yet to come........
     
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