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Silver Dips Below $30

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Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/20/2012  4:25 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Rof T noticed to! We love ya Barry, but did ya really have to buy that Engelhard bar a half a day before all my cougar auctions ended, lol....
Edited by Silverhawk74
06/20/2012 4:27 pm
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traevin's Avatar
United States
1454 Posts
 Posted 06/20/2012  10:39 pm  Show Profile   Bookmark this reply Add traevin to your friends list Get a Link to this Reply
$27.85, Hawk! Barry... looks like it's back on the couch for you, my friend. Might want to hold off on the silver purchases and invest in a good sleep sofa, instead. But they'll probably have a big sale on those, too, the day after you pick it up.
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larsdog's Avatar
United States
593 Posts
 Posted 06/20/2012  10:53 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
I just picked up a few more items for my Type Album for little more than melt! I hope this trend holds for a while!
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barryg's Avatar
United States
5862 Posts
 Posted 06/21/2012  09:15 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Sorry about that, Hawk...

Silver is now at $27.60. If it drops much further, I might have to buy another 100-ounce bar just to spite the universe.
Bedrock of the Community
IndianGoldEagle's Avatar
United States
36841 Posts
 Posted 06/21/2012  10:54 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
That's how you do it barry, keep buying and playing the averages. This paper game they're playing can't last for ever.
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barryg's Avatar
United States
5862 Posts
 Posted 06/21/2012  12:47 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Ah, screw it. Silver just hit $27 and I bought another 100 ounce bar (went with a Johnson Matthey instead of an Engelhard this time).

So let's all sit back and watch silver drop another dollar or two now...
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 06/21/2012  12:53 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
No worries Barry, we were just razzing you for fun my friend! You are not to blame for the silver fall, even though that is some crazy coincidences....

There are literally millions of factors that effect that price, and I don't believe any one human is smart enough to see the whole picture and understand how everything moves up or down and what causes it. In fact, only super computers of today could keep up with such information perhaps....

I recall BF once saying you could dump like 50 million oz. of silver into the system, and it would not effect the price but like 50 cents either way, and that is probably not too far from the truth....

I think a good thing to give all silver hoarders piece of mind for the long term is too simply look at how much silver was mined say 25, 50, 75 and 100 years ago, and compare that to how much came out of the ground last year....
Edited by Silverhawk74
06/21/2012 12:56 pm
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harrison2's Avatar
Mexico
1304 Posts
 Posted 06/21/2012  12:57 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
Thank you Barry, mind buying another on Friday to hold the price down over the weekend?
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larsdog's Avatar
United States
593 Posts
 Posted 06/21/2012  1:02 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
I'm really loving this! I picked up a few more items for my Type Set collection at little more than melt! Have my eye on several more. You guys have me convinced that there is a lot of support for $28 so I like these dips to $27 that make buying all the easier. That has the junk buyers dropping out sooner so I get the item for less!
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larsdog's Avatar
United States
593 Posts
 Posted 06/21/2012  1:12 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
Bingo. Just scored ANOTHER one! 1899 Barber quarter for $6.25 including shipping. Melt was $5.20 when silver was $28.73. Those prices are down about 5% today, but they are reasonable numbers to work with for small purchases.
Pillar of the Community
United States
1590 Posts
 Posted 06/21/2012  1:28 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
And its below $27.....
Valued Member
akane17's Avatar
United States
404 Posts
 Posted 06/21/2012  1:42 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
If it hits $26, I'm buying another 2-3 10 ounce engelhard bars.
Pillar of the Community
United States
648 Posts
 Posted 06/21/2012  1:45 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
Silver is dipping lower. Time to buy another 100 oz's.
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harrison2's Avatar
Mexico
1304 Posts
 Posted 06/21/2012  1:49 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
akane17, where would you buy em?!? I am still seeing a price disconnect.
Valued Member
akane17's Avatar
United States
404 Posts
 Posted 06/21/2012  1:59 pm  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply
harrison, goldmart. Had a nice transaction with them last week. After shipping their about $30 cheaper than ebay.
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