Pm Prices Are Falling.

The market last week had a couple of nervous twitches of a dollar or more and settled/got manipulated back again.
It makes me wonder if there is going to be a spike shortly
I have been quietly buying a couple of grands worth of silver over the last 2 weeks and intend to do the same until the price spikes again.
I really cannot see silver staying at 31-32 bucks for much longer tho, So I am getting in while I can afford it.

I guess I have a little bit of a different opinion about that. I can tell you from experience that there was no shortage of silver being sold when the price bounced between $9-18 between the Fall of 2008 and the Fall of 2010. ebay ran PM auctions 24/7, just like now. Dealers dealt and buys bought with nary a hiccup, and I went from zero silver to 750 oz. of it in two breathless years. If I'd had the money, I surely would have been able to buy double that figure in the same period, judging by the number of auctions I lost back then. Those years spoiled me, because I never knew silver cost anymore than my average SAE or SML price of $14-17 an oz. If we have another stock market crash or a recession, I believe silver will bottom out once again, especially if it's a prolonged recession. I don't think the offal has to hit the fan for PM to drop off a cliff again. We have the ingredients for it, right now. Banks are still leveraged up to their eyeballs. Credit default swaps are still the riskiest, most deleterious trade on the planet. The stock market has risen to within 700 points or so of the 2007 all-time highs and TPTB might think it's ripe for the picking once again now that middle class is back in the game after an extended break. Europe is still on the brink of a major banking disaster. Interest rates are still dragging the pavement. Gas is right back where it was in 2008, before the plug was pulled and it dropped to what, $20 a barrel? China's economy is slowing at a disconcerting rate. Housing is still considered overpriced by many experts and poised to plunge deeper underwater. I could truly go on. IMO, the last "recovery" was made possible by the printing press, and I don't know how many more times they can go to that well before it runs dry. It wouldn't surprise me to see a major PM drop before or soon after the next election, depending on the winner, which I "assume" will be the incumbent.

I laugh when I read the word, "Recovery", not at you traevin, but at the press and pols.

Yes there is always silver on ebay but I'll wager you were paying a good bit over spot to get it. The mint itself dried up! The smart money was sitting on their silver, not selling it at a loss.
I commend you the foresight to stock up when you did

No recovery a play with numbers on unemployment as well as inflation. Those that gave up looking aren't included as well as many necessary items not included in inflations

This is my thought process on PM pricing. Every month I buy at least $200 dollars of silver/gold/whatever. It can take the form of Peace/Morgan dollars, Quarter Eagles, ASE's and even silver Proof Sets. I just don't care as long as it contains a PM. I have fifteen years until I retire, that hoard should be quite large by then and it will supplement my retirement, SS and my pension.

I prefer coins over actual bullion in the belief that if PM's do fall, the coins would retain some numismatic value
instead of just falling bullion prices.

That is my take on PM's. With that said, If it catches my eye, it goes on my want list

Yes and the problem with selling at a high price (in dire times especially) what do you replace it with

It may be some time before it can be replaced, if ever. If it can feed my family and get us through the worst of what comes, then it will have served its intended purpose.

Thanks for the support, Traevin. It's appreciated!

Looking at the world today is a real exercise in patience. There just seems to be so many things about to boil over and way too many people trying to treat the symptoms rather than the root causes of these problems. This gives me little hope that some very nasty problems can be avoided for too much longer. It would not surprise me a bit if we were to have a US dollar collapse or a worse than 1930s style depression. Having a little land on which to grow a garden and maybe raise a few chickens seems a real good idea about now. So too is having some PMs for barter, some useful skills, and some like-minded family and friends on whom to depend. As they say on SGT Report, "We're all in this together".