Gold And Silver Prices

yea I hope it drops now before summer si I can go out and haggle at all of the local shops. If it goes up enough in the fall I can sell all the junk silver I have saved

It can be difficult to separate a desire for a low price from the number that we really think silver will hit. For now, drifting up and down between $30 and $35 seems to be the mode that we are in. Sooner or later, though, something will happen that will break us out of this. Whether that is an upward or downward move is anyone's guess.

Im wondering on something since they lifted the melt ban on silver coins dont you think silver coins would go up due to many people smelting them? Its just a matter of time when people realize how many coins were really melted. I would never melt a silver coin for what I get is silver scrap for it has more silver content. I personally dont think the value of silver coins should be anywhere near the value of silver. Gold coins on the other hand is way undervalued. 1933 melted so many gold coins its a joke. I think there needs to be a reevaluation on silver and gold coins.

I've always wondered how much silver coinage actually gets melted down, even by people who buy it for "scrap." Unlike jewelry, which isn't easily tradeable unless converted into bullion, coins are a known quantity that don't really increase in value or tradeability when melted down. I'm sure one of our members who works at a coin or pawn shop can give some better insight into this.




That was my original plan, but after seeing silver waffle around $31-32 for the last week or so I finally (with my wife's approval) decided to make a large purchase if it went below $31. And I'm feeling pretty good about my purchase yesterday. Silver did drop a bit right after I pulled the trigger, but only by 20-30 cents and it came back up by the end of the day and is now higher. I try not to obsess too much over the short term variations, but it's always annoying when I make a significant purchase and the price drops $1-2 per ounce immediately thereafter.

Now I just have to wait for it to arrive. And in the mean time, I'll be thinking about how nice that yellow monster box is gonna look sitting next to the green monster box I bought last time...

A monster box comes from the mint and consists of 500 coins (25 tubes of 20 coins each). The US mint produces monster boxes of American Silver Eagles and the Canadian mint produces monster boxes of various silver bullion coins such as the Silver Maple or the various wildlife silver bullion coins (moose, cougar, etc.).

You can't buy these directly from the mint, but you can usually get them from authorized dealers at a fairly small premium over spot value.

I'm jealous, myself. In just two transactions, you've passed all the silver I've managed to collect in 3 1/2 years. Great job! And at that price, I imagine you'll get a nice return on your investment once silver tests those highs from last year, should you be inclined to sell.

IMO, your logic seems pretty infallible, especially if you have no other immediate needs and the time to weather any bear market silver runs over the next 5-10 years; not that I actually foresee any. My guess is silver jumps around between the $20-40's over the next 2-4 years before finally breaking out and rapidly expanding into the triple digit territory within the next decade. If that day comes when the silver bugs are finally proven sane, you've tripled your investment, and then some. Not many stocks would do the same in the time frame. And who has the appetite for stocks, anymore? Not that money can't be made in the S&B market, I just don't trust it after the the last crash, coupled with pyramid scams like Madoff's, credit default swap uncertainties like the one that brought down Lehman Bros., recent bankruptcies like MF Global, too much insider trading at the highest levels of government, EU banking worries, false recoveries, quantitative easing policies that artificially prop up markets, and on and on.

I am bullion guy, an silver dollar guy. Best of both worlds the way I see it....