14 September, 2008

Let’s Pretend

Posted by Socrates in Edgar Steele, Socrates at 10:04 pm | Permanent Link

by Edgar J. Steele: [Here].


  • 11 Responses to “Let’s Pretend”

    1. shabbos s. shabazz Says:
      14 September, 2008 at 11:05 pm

      A Word About Silver

      “Thanks for all the joke emails about my comment that we “never again will see Silver in the $15 range,” suggesting that I really meant it never again will trade that high. Today, paper silver is hovering around a spot price of $11. Try to buy some physical silver at that price. Go ahead. You can’t. In fact, physical silver has been unavailable all across America since it dropped below $16. The few sales I have seen are going for a premium of about $4 per ounce, ranging up to $7 per ounce. Add that to the current spot price and you get a real price of $15 to $18 per ounce today, which I consider to be ridiculously low, regardless. If you can buy at that price, then do so. As I said before, you never again will see Silver in the $15 range.”

      These guys have pre-1965 “junk” silver coins for around $12.27 per ounce:

      http://www.apmex.com/Category/17/90_Silver_Coins_Rolls__Bags.aspx

      I bought some recently, good service. Dealers who shorted (hedged) with silver futures are OK, others lost their asses and so won’t sell at the market (spot) price.

    2. shabbos s. shabazz Says:
      14 September, 2008 at 11:05 pm

      A Word About Silver

      “Thanks for all the joke emails about my comment that we “never again will see Silver in the $15 range,” suggesting that I really meant it never again will trade that high. Today, paper silver is hovering around a spot price of $11. Try to buy some physical silver at that price. Go ahead. You can’t. In fact, physical silver has been unavailable all across America since it dropped below $16. The few sales I have seen are going for a premium of about $4 per ounce, ranging up to $7 per ounce. Add that to the current spot price and you get a real price of $15 to $18 per ounce today, which I consider to be ridiculously low, regardless. If you can buy at that price, then do so. As I said before, you never again will see Silver in the $15 range.”

      These guys have pre-1965 “junk” silver coins for around $12.27 per ounce:

      http://www.apmex.com/Category/17/90_Silver_Coins_Rolls__Bags.aspx

      I bought some recently, good service. Dealers who shorted (hedged) with silver futures are OK, others lost their asses and so won’t sell at the market (spot) price.

    3. m parker Says:
      15 September, 2008 at 12:21 pm

      keep in mind that the pre-1965 US coins are 90% silver and 10% copper

      one ounce 100% silver eagles are going on e-bay for $17+ even after the recent price plunge, which supports Steele’s point

    4. Zarathustra Says:
      15 September, 2008 at 12:30 pm

      I suspect that article was nothing more than just another sales pitch to buy silver. When TSHTF, what good will a sack of silver or gold be? Guns, fuel and canned or freeze-dried food will be needed in a post-appocalyptic barter economy, not gold coins or silver dollars. There are always right-wing scam-artists lurking about to make a fast buck off of some sucker’s paranoia.

    5. shabbos s. shabazz Says:
      15 September, 2008 at 3:27 pm

      A $1000 (face value) bag of silver coins contains around 712 troy ounces of silver qua silver, not 712 ounces of “metal.”
      The total weight may be 712/0.90 or 791 ounces. These figures include a deduction for decades of wear.

      You can’t eat the metals, true. How about having both, starting with the survival stuff, then metals. The time to buy is after sell offs, like we just had.

    6. Zarathustra Says:
      15 September, 2008 at 6:11 pm

      I have a huge bag of old silver Mercury dimes from the 1920s-40s, as well as Roosevelt dimes pre 1965. They’re mostly worn out, but are they worth their weight in silver? Could they have some value other than to a coin collector?

    7. shabbos s. shabazz Says:
      15 September, 2008 at 8:02 pm

      At a minimum, worth weight in silver. This is called melt value.

      Value around 90 cents in today’s money (per dime). A local coin dealer can tell you more.

    8. Howdy Doody Says:
      16 September, 2008 at 9:40 am

      http://www.silvertrading.net

    9. JD Says:
      16 September, 2008 at 9:20 pm

      How does he figure Obama is 49% Arab? His African relatives look pretty negroid to me.

    10. Old Douche Rag Says:
      16 September, 2008 at 9:51 pm

      A sand nigger is still a nigger is a kike too.

    11. Old Douche Rag Says:
      16 September, 2008 at 9:58 pm

      See

      http://jacobisrael.us/jewsarenegroes.htm