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 Replies: 743 / Views: 51,969 |
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Valued Member
United States
223 Posts |
I'm just hoping it stays well below $30 to the weekend. I can then get to a shop I only occasionally get to where they sell generic rounds and 1,5 and 10 oz bars for $1.25 over spot.
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Bedrock of the Community
 United States
12845 Posts |
Assuming they have any left... I intend to swing by my local shop if I can fit it in tomorrow and am skeptical that they'll have any in stock with this big price dip.
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Pillar of the Community
United States
1026 Posts |
Hmm what kind of a day will PM be today my guess is like yesterday up and down a little.
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Valued Member
United States
196 Posts |
I'm thinking today will slowly rise then tomorrow it will rise to be right around 30 again, of course they wouldn't let it settle low over the weekend for me  |
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Pillar of the Community
United States
3670 Posts |
I am torn on that happening Wildspinx, or perhaps we get what I call a "false recovery day", say like anywhere from a nickel to fifty cents gain on the day, right before another $1.50 nose dive Friday all the way down to 28 heading into the weekend, which would indeed leave the buy window open for a couple of days at least....
I expect another bad week, say a fall of 3 more dollars to 25 by next Friday, as it may get uglier before the sun comes back out I figure....
An for those wondering when to buy, my theory buy in the dip to the low an way back up again. Then there is no second guessing, an it gives you a longer time frame....
Example, silver falls 50 to 75 cents under 30, an I fully expect a fall to 25, so buy till it hits 25 an continue to buy until it gets back to thirty. IF an this is the big one, if one has the funds to buy to begin with when that time comes.....
Edited by Silverhawk74
05/10/2012 10:24 am
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Pillar of the Community
United States
863 Posts |
Im hoping for it to drop friday. it will be a nice weekend to buy some silver at really good prices. and IMO we all need to turn our 0.02 cents into some silver before the value falls out of it ;)
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Valued Member
United States
196 Posts |
silverhawk I can see that happening, and as a younger person(21) on here I know my funds are much more limited than most, but with the coin show I have coming this weekend I think I will have the most variety at the closest to spot prices I will find considering I am buying sub $500 worth of silver, that $25 mark wouldn't help me much if I buy say from APMEX or such a week later with there shipping and credit card tack on's. |
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Pillar of the Community
 United States
1454 Posts |
Quote:
silverhawk I can see that happening, and as a younger person(21) on here I know my funds are much more limited than most, You're a wise man for starting a silver collection so young. And you're way, way ahead of the curve. I was 39 when I started collecting. Just think how far along you'll be in 20 years?  |
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Pillar of the Community
United States
3670 Posts |
I agree T as I am 38 an jumped in around 36, early 20's is a grea time to jump in.... Believe it or not we got a Canadien memeber who I had talked with a time or two via possible coins purchases from me, an they mentioned the parents a time or to, and a baselball through the window, an I was like...."How old are you anyhow?", and the memeber replied 13, rof  . You are the man CC, I can't get over that, stroke of genius to hoard that early.... |
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Valued Member
United States
196 Posts |
thanks traevin and hawk I appreciate the kind words, working at a bank since 19 I learned early what to look for haha. Now in the process of moving out of state to charlotte with fiance for better banking opportunities and look forward to my future silver finds there! And it seems with this current dip it may be the perfect time to make my first significant silver purchase instead of just roll searching. I hope to one day have 50-100oz saved for each child (we want 3) for their college fund because 20+ years from now there is no telling the metal values, and then keep hoarding for myself also for retirement (early if ideal like everybody elses dreams)haha And to keep on topic, it seems like if today does keep like this morning it may keep around 29 mark. But still like hawk stated a sudden decrease wouldn't surprise either, just gotta find the next bad news to drop the price  |
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Pillar of the Community
United States
863 Posts |
yea it is best to start young. we have the most time to ride the roller coaster. its why I like collecting coins more than bullion. the silver coins have both alues and in 20 years when I am 40 hopefully ill have some coins that I bought for spot that have lots of numasmatic value. I started about 2 months ago and so far have about 40 silver dollars. along with some dimes, quaters, halves, and a few troy ounce bars. just keep putting it away wild sphinx. our day will come when we can sell it all for a fortune.
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Pillar of the Community
United States
1554 Posts |
Don't count on it! silver was worth $40 an ounce and more back in the 80's and many Morgan $'s were worth more in the 80's and 90's than now. Good luck.
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Pillar of the Community
United States
3670 Posts |
Silver is pushin hard under 29 again headin down.... Well, I think you can count on one thing an that is a fall to 25 dollars, before a strong push back to 40 by the end of summer.... I have some serious inside information that claims this indeed. A magic  ball .... Edited by Silverhawk74
05/10/2012 10:40 pm
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Pillar of the Community
United States
863 Posts |
It was easy to sell coins for that amount because the internet didn't allow people to see the availabity of coins. Everything was way over priced.
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Pillar of the Community
United States
4008 Posts |
Quote:
That because the FED wants to keep the COLA as criminally low as possible for vets and seniors. Sure it is. I understand that. I also understand that Bernanke is not holding interest rates at super low rates for as long as he has for our benefit. He is doing that for the benefit of the Wall Street speculators AND the US government. Financing the national debt at 0.25% interest is a LOT cheaper than financing it at a more normal 4% interest rate... 16x cheaper to be exact! Furthermore, it is HIGHLY likely that if we now had a 4% interest rate, the US government would collapse of its own weight. Avoiding that kind of chaos is a really good idea but it would be a lot more useful if there was a way out of this debt-quicksand instead of merely prolonging the agony while piling on more and more debt.  |
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Replies: 743 / Views: 51,969 |
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Posted 05/10/2012 01:19 am
