Silver bullion

FC, i am not a rich man. I am not a financial genius.

In the last 5yrs, i have cleared 70k in profit from trading in gold & silver bullion.
I have in the last 7 yrs made a further 80k from trading in rare coins and banknotes.

I have spent the last 7 yrs trading as a coin dealer as a living either full time or part time..
This is all I have achieved in my life.

The general profit margin I have achieved in these dealings has been 50-100%.

I no longer have my coin business, nor any advertising as such.

I recently sold the 12k worth of silver I had accumulated in the last 18mths for 18k. (a once in a lifetime speculator @ $36 aud per oz when it was $28per oz, I paid $21-$25 per oz
woo-fucking hoo! )

Silver has been hovering at around $28aud for quite a while, it was $45 aud per oz some point recently. (18-24mths ago)

I DO NOT GIVE FINANCIAL ADVICE. GOD KNOWS I AM A DRUG FUCKED, ALCOHOLIC IDIOT.

BUT PLS CHECK THE CURRENT SILVER PRICE!!

In 10 hours time if the market has not recovered while I have been asleep. I will be getting in my car, driving 5hrs & buying 10k's worth of silver bars at 10am tomorrow.

As I speak, it is as low as $22.33 aud per oz.

PLS DO NOT RUN OFF AND BUY SILVER, GOLD OR ANY OTHER SHIT CUZ YOU READ THIS!

do some research, there are lots of charts available to study.

I just wanted to tell my nearest & dearest what I am doing tomorrow if shit dont go apeshit while I am sleeping.

I have no vested interest in posting this, other than FC has changed my life for the better & I wanna share.

This is where my attention is focused this second & this is what I am doing. (fingers crossed 10 hours & 5 hrs drive is a long time in a volatile commodities market)

Anyhoo- Right now at this second, I have 40k at my disposal (got 30k worth of renovations to do soonish, hence the silver sell off recently)

10k is all I am willing to risk cuz thats how I am. in 10 hours I will wake up & make my decision, get in the car & go. My mind has the risk assessment at less than 3k overall and you have to sell it in order to lose.

NEVER PUT ALL YR EGGS IN ONE BASKET!
Best of luck my vapor brethren. Precious metals are risky, pls make wise decisions that you can afford.

He is ether a saint or a complete drooling retarded asshole.
I think pay close attention to how this shakes out.
Damn Aussies!

Gold dipped under $1400, everyone goes apeshit.

I have "crisis currency" in my safe . . .

Junk silver (1964/older US 90% silver coins), albeit unsexy, is really a good way to go. Low premium, government issue and purity, fungible, and recognizable/trusted. You can get sorted or mixed bags in different face dollar amounts.

I don't know why people focus on the cheap metals. Anyone seen the price of rhodium lately?

There are many metals which are extremely valuable, it is anybodies guess what the next catalyst will come from.

No no no...In times like these always invest in the underground economy. The average price for a drug fueled night with a skilled prostitute has gone up 3-7% a year. You never see coupons for discount blow,and even the deadest hooker holds her value pretty well for at least a week. Also with all this gun-control talk firearms are a goldmine right now.
So the only real move is to stock up on guns,drugs and whores. You know,the stuff that made America great!

9 hours on the road.

13x 1kg bars= $10,062 aud= $24.07 per oz (I had to pay a bullshit premium)

I focus on the 'cheap' metals because I know where to find them & how to make $$$ from them.

I'm sold, wanna fck?

ShipDit said:

I'm sold, wanna fck?

Click to expand...

Between my wife & Stu's wife, I am not sure I would be able to complete the task & would only end up having spit to on yr back or something.

Or have I completely misunderstood & you are offering to hide my silver in yr rectum?
If ya rectum wasnt wrecked before the 13kg's.

It sure will be after.

Are you a looper?

BeardedCrow said:

Are you a looper?

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which?

Looper- A dangerous crazy person. Someone who is extremely reckless or violent?

a golf caddie?

or A guy who likes fat chicks. He likes to slap that ass and ride the wave!


or are you just busting my balls for fun?

Silver seems like a great investment! Historically usually rises around the same rate as gold except for recently. Weird, but hope and it should make that upward spike too. Either way it's not going down and you can't smoke or drink it so you should be good!

I want to know what a looper is too now!

A looper is a contract killer employed by gangsters who send him blindfolded victims from the future via a time machine........along with bars of silver for payment.

Fucking loopers..............

Fair play Dorkus, very well done.

I do a bit of trading...not the same as you or as successful..

I trade anything that moves that has a technical analysis chart, that can be accessed through my brokers.

I've always wanted to trade gold/silver or whatever mineral.

I have no ides where to buy such bars or where to sell them.

Here are some photos of some hand poured bars and coins I have from a mint right here in Oregon:


---

http://www.monarchpreciousmetals.com/

I can't take up any new hobbies or ventures at this point as it takes away from my drug money.

Oh and my kids college....but that's not like super important or anything like running outta weed, ya know?

lwien said:

A looper is a contract killer employed by gangsters who send him blindfolded victims from the future via a time machine........along with bars of silver for payment.

Fucking loopers..............

Click to expand...

oh well thats entirely different. Thats some nasty sci-fi shit right there.

Sounds cool, pencil me in for 3 pls.

Here i was thinking beardedcrow was busting my balls, and he was actually asking if I was some futuristic type assassin working for more futuristic dudes?

wow thats way cool.

(I was tired from the long day on the road, and wondering the wiseness of making this thread at the time)


Lolz-bet beardedcrow comes in & says nup, I was really asking if you was a nutbar!

BeardedCrow said:

I've always wanted to trade gold/silver or whatever mineral.

I have no ides where to buy such bars or where to sell them.

Click to expand...

Open a trading account with FX Pro, Alpari etc and you can use leverage to buy and sell whatever you want with a little cash....you just need to know how to look at a chart.

Nah not busting anyone's balls!

Haha

Recently saw the movie looper so Silver bars was fresh on my mind...

If it's anything like the computer game 'dope wars' I will demolish the market and make billions...

BeardedCrow said:

If it's anything like the computer game 'dope wars' I will demolish the market and make billions...

Click to expand...

Buy cocaine, sell cocaine. Achieve baller status

This is amazing dorkus as i had been searching for something to invest in and sure enough the fluctuations in the bouillon market seem to be enough to make a profit.

However I am a little confused as to how i would achieve this, you dont seem to be paying for any dealer commission so I dont really understand who i buy it from and who i sell it too? I live in the uk and looking online all i find are dealers that would want commission is this how you do it?

Oh I paid a dealer premium alright. The silver price was $21.61 aud per oz when I was at the bullion dealers but I had to pay $24.07 per oz. The difference is supposed to be refining costs & a commission for the bullion dealer. When I questioned the size of the difference.

I was told if I wanna pay spot price only then I have to place a $500 000 or more order.
This was all about timing.

right now as I type its $22.62 aud per oz, add on the bullshit physical premium & I guess you would pay around $25- $25.50 per physical oz. Its still pretty good.

I am lucky to have run a business trading coins & banknotes, and have an idea how I am going to sell stuff when I buy it.

I normally make sure I have more than one option in regards to venues to sell.

So, in this case I am trading on opportunity/ timing. Where as when I had my coin shop & relevant advertising, I traded on the sellers limited options locally to sell and would pay anywhere from 25%-100% of spot depending on the metal. Gold I would buy at 75% of spot for example,silver about 50%, pre decimal copper coins 25%.

Now I have sold stuff in several locations online, in my shop (when I had it), at a market stall, local auctions, the local paper , by word of mouth and have even peppered friends garage sales with coin & stamp collections.
I have had deceased estate sales, divorce sales, selling for sick relative sales.
The point is, never just in the one venue, always in the venue that will give you the best returns.

Now back to the timing aspect that applies in this case.

I could buy back in right now today. I could pick up physical silver at around $25-$25.50 at a bullion dealer in any capital city in aust today, right now. (provided there is any physical silver left to buy right now)

If I hadnt bought this week already I would buy today still. (just not as much)
Take it home and forget about it. I have paid $24.07 per oz, I will get out when it returns $36 to my hand, after any selling premiums, commissions or costs.

I recently sold at $36 to a private guy when it was $28. (go figure)
I imagine he would be shitting his pants right now.

When I wanna know what the market price is for something. I check ebay, no different in this case.
So, I will sell my 1kg bars when ebay is bringing close to that amount. Ebay will follow the stock prices with a small lag. Calculate the ebay fees & you have your base market value on the day.

Now my bars will be sold by word of mouth privately or in the local paper. I will place an ad for one bar at say $1150 per bar (this might take 6mths, 12mths or next month for the stock price to support that $1150). Provided its close to the real price (within 10-20%)

I will sell all 13 bars with the one small advert thus saving on my selling costs.
People who will buy one bar, will inquire about more. they cant help themselves.

I just dont know when yet, I can wait. and thats the next lesson.
Stick it a corner and forget about it. I will know when its time to sell or buy, I just look for news articles that talk about the gold price moving, thats the 1st indicator.

Every month or so check the stock price & ebay prices of what i am holding. When it gets interesting I will watch more closely more often.

I set my selling price when I purchase, and when I get there, I sell it and get out.
Now if it shits itself again & drops even further say $16-$18 then I will buy in again.

But I think now, all I gotta do is wait.

Now this is just how I go about it for myself. I am not sure how a financial advisor would feel about my plans, so perhaps talk to them before you commit any funds.

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