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 Replies: 88 / Views: 9,643 |
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Pillar of the Community
United States
5862 Posts |
Well, silver is starting to drop a bit today and I think ti's time to pull the trigger on that 100-ounce Engelhard silver bar I've had my eye on. Which pretty much guarantees that silver will take a sharp nosedive immediately afterwards...
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Pillar of the Community
United States
1450 Posts |
Well,it is past 10 AM eastern time so the daily PM smackdown has occurred. Let's see what happens from here. I am reservedly positive and optomistic that the trend will be slowly up from here. I always try to watch what is happening around the world to figure where things are going. I don't think manipulation can work forever. It is all cover for those who need to to position themselves for the next leg up. Keep the faith and keep stacking!
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Pillar of the Community
United States
5862 Posts |
Yep, I bought my 100-ounce bar when silver had dropped all the way down to about $28.60 and seemed to be on the rise again. Right afterwards it dropped a wee bit more to $28.55 but that's about it. I'm still expecting it to plummet down to $25 any second now, though...
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Pillar of the Community
United States
648 Posts |
Barry - I am buying in batches and also have a feeling silver has room to correct and be manipulated a bit more.
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Pillar of the Community
United States
863 Posts |
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Pillar of the Community
United States
5862 Posts |
I bought my bar at goldmart.com. Only $0.59 per ounce over spot, and it's a recognized name brand. I thought of getting two in order to get the free shipping for silver orders over $5000, but I didn't feel like sleeping on the couch tonight...
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Pillar of the Community
United States
808 Posts |
Ugh. If silver gets any cheaper I think all of my local sources are gonna dry up completely. I've picked up some good deals locally but it's all small purchases right now because so little is up for sale. With cold hard cash in hand, I couldn't buy a fairly priced tube of ASE's locally to save my life. |
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Pillar of the Community
Canada
1502 Posts |
Quote:
but I didn't feel like sleeping on the couch tonight... at least this means you are not already sleeping on the couch when silver dipped a bit after your monster box purchase :) |
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Pillar of the Community
United States
5862 Posts |
No, it just means I am no longer sleeping on the couch (and I'd like to keep it that way)...  |
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Pillar of the Community
United States
648 Posts |
I tend to go attend local coin shows. Luckily they have a few throughout the month(s). I do go to local shops as there are plenty around the area.
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Pillar of the Community
United States
1454 Posts |
I thought you were done with silver for a while, Barry? Guess you're just as addicted as the rest of us.  |
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Valued Member
United States
272 Posts |
Seems like all the private sellers around me are trying to recoup their losses buy asking $40+ per oz even on noname bars.
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Pillar of the Community
United States
5862 Posts |
Man, I really seem to have some sort of magical powers. Originally, my wife told me to wait until silver dropped below $28 before buying anything else. Yesterday I told her that silver had dipped below $28 briefly a month ago but had been pretty steady between $28-29 for the last month, and she agreed that I should go ahead and buy at $28.60.
Well, I just checked and silver is currently at $28.16 and heading lower. If it gets below $28 (and my wife finds out about it) I'm gonna get an earful...
OldGold: If you plan on ordering enough to offset the shipping (or even get free shipping), you should really consider buying online. As I said, the 100-ounce bar I just got from goldmart was only $0.59 per ounce over spot and shipping was only $20 (which adds another $0.20 per ounce).
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Pillar of the Community
United States
5862 Posts |
Quote:
I thought you were done with silver for a while, Barry? Guess you're just as addicted as the rest of us. Hey -- I did stop buying for a while! It's been, what, a whole month and a half since I bought that monster box of silver maples?  |
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Valued Member
Australia
145 Posts |
Let me know if selling vintage stock please, its a hard game to predict, I set my rules before I bought,pros/cons ect i accepted it could go at low as 18$ oz (aus) as high as 65$ I'm commited for next 20 years no matter what,and if the world falls to  e overnight I have money, silver has worked for every civisalation(just not so well with us once it was taken) |
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Replies: 88 / Views: 9,643 |
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Posted 06/19/2012 11:04 am
