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Silver Dips Below $30

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Dawg51999's Avatar
United States
80 Posts
 Posted 08/03/2012  10:31 am  Show Profile   Bookmark this reply Add Dawg51999 to your friends list Get a Link to this Reply
Barry, have you ever tried selling any of your silver? If you sold some and then the price shot up, you would know for sure that you are jinxed!
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larsdog's Avatar
United States
593 Posts
 Posted 08/03/2012  10:58 am  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply

Quote:
larsdog
Why the political bashing in a Precious metal forum.I never said I didn't like your current president,In fact I voted for him."Biggest mistake of my life".There I provided just as many facts as you did


I was just responding to a topic two other people voiced an opinion on in this very forum. I listed presidents of both parties who were not regarded as a success in the White House that touted their business backgrounds. In my opinion, businessmen don't make good presidents and extremists don't make good policy. I wouldn't call that bashing. Just an opinion. I don't know what you mean by your last comment. I was simply voicing an opinion on a topic SOMEONE ELSE brought up that relates to the economy which affects PM prices. Simple as that.
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larsdog's Avatar
United States
593 Posts
 Posted 08/03/2012  10:59 am  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply

Quote:
Barry, have you ever tried selling any of your silver? If you sold some and then the price shot up, you would know for sure that you are jinxed!


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barryg's Avatar
United States
5855 Posts
 Posted 08/03/2012  1:36 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
What, sell my silver? Are you INSANE?

On the bright side, silver did eventually shoot back up and is now significantly higher than it was when I made my latest purchase, so I feel better...
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/03/2012  4:28 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
On the bright side, silver did eventually shoot back up and is now significantly higher than it was when I made my latest purchase, so I feel better...

Maybe so, Barry, but your "canary in the coal mine" status is in severe jeopardy because of this. I mean, after all, YOU bought and THEN it went UP? Holy cow! What next?
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barryg's Avatar
United States
5855 Posts
 Posted 08/03/2012  4:44 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, I'm still waiting for it to go higher than it was when I bought my two monster boxes of silver, so that should count for something....
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United States
2168 Posts
 Posted 08/03/2012  5:40 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
But if it goes higher then you may not want to buy more! A double edge sword
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United States
1026 Posts
 Posted 08/03/2012  6:18 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
WOW been away for seven weeks allot of news to catch up on.

Back before I left when PM got under $30.00 finally I made a hug buy that is why silver keep going down :) but I still say the feds can't keep the world running on funny money forever sooner or later it will all fall apart and PM will hit the roof.

I like real money PM are real money and I feel secure owning some of it.
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/04/2012  8:26 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Well, I'm still waiting for it to go higher than it was when I bought my two monster boxes of silver, so that should count for something....

Indeed it should. But you know that this is a tough crowd, right? There's a lot of "yeah, but what have you done lately" type questions in here!


Quote:
I still say the feds can't keep the world running on funny money forever sooner or later it will all fall apart and PM will hit the roof.

I would agree with that, Bruce... and welcome back!


Quote:
I like real money PM are real money and I feel secure owning some of it.

Yes, indeed. Many of us on here feel the very same way. I love the solid feel of a Morgan silver dollar. It is a beautiful coin with a solid heft to it and when it is flipped smartly into the air, it will ring like a bell. None of the clad junk that passes for coin money these days is anything like that.
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larsdog's Avatar
United States
593 Posts
 Posted 08/05/2012  12:02 am  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply

Quote:
I love the solid feel of a Morgan silver dollar. It is a beautiful coin with a solid heft to it and when it is flipped smartly into the air, it will ring like a bell. None of the clad junk that passes for coin money these days is anything like that.


Gotta agree with you there! I'm not stacking, but I do follow the price of silver since I'm purchasing several 40% and 90% items. When I started my Dansco 7070 I dumped out a small bag of junk silver I've had for many years to fill a few of the newer 90% silver spots. I had forgotten that sound! Back in the 80s I bought a full bag ($1000 face) of 90% silver half dollars (Kennedy and Franklin). There was something intoxicating about the sound of pouring 2000 90% silver halves out on the kitchen table!
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silvercoinrn's Avatar
United States
863 Posts
 Posted 08/06/2012  3:24 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
must have been a nice profit too. worth holding on to it
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larsdog's Avatar
United States
593 Posts
 Posted 08/06/2012  5:02 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
Sadly I sold it and my Krugerands a few years later when I needed the cash.
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/07/2012  4:56 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
There was something intoxicating about the sound of pouring 2000 90% silver halves out on the kitchen table!

I bet! What an absolutely lovely sound to the ears of any silver stacker!


Quote:
Sadly I sold it and my Krugerands a few years later when I needed the cash.

Aaarrggghhhhh! My gosh, what an awful event. Silver hoarded from days long gone is the stuff of collecting legends. Sorry to hear that you had to sell it but a guy does what he has to do when he has to do it. What a terrific addition that would be to a silver hoard today... over $20k worth of silver coins!
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United States
2168 Posts
 Posted 08/07/2012  7:13 pm  Show Profile   Bookmark this reply Add angel2004 to your friends list Get a Link to this Reply
Yes it is too bad the PM couldn't be kept. There is something very special about those silver coins kept from when I was a child!
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/09/2012  8:22 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Exactly so, Angel. I still have about a dozen coins from when I was a child. They are important to me because of their history even if their actual monetary value is low. The "good stuff" was all acquired over the past couple of years.
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