Silver Dips Below $20?

I will only make one comment... The ONLY way you will not make money investing in Silver is if you don't!

I cannot stress enough to not do this.

You already have significant student loan debt and your extra money should be used to save or pay that off.

@ Fatman - I'm with you. Debt can be good when it is invested to grow your income stream. It is bad when it is used otherwise. This country is falling deeper and deeper into the financial black hole. I'm not seeing an investment by our government; I'm just seeing spending.

What huge improvement in the machinery of our economy is going to be born from the years of our current and previous president that will justify all this spending? I don't see any. War is a bad investment, (unless you're a conqueror and not a liberator as we are). Charity is morally wonderful, but it does little to create jobs and income taxes.

So, spend, spend, spend, with no new source of revenues. Just raising the rates on the existing sources, which can only go so far. The bills eventually have to be paid, and if the government can't pay, then the only remaining government solutions are bankruptcy (which we've never done) inflation (which is how we absorbed the 1960's Great Society spending spree) or war (which is how we recovered from the Depression era spending spree).

Compare that to the 1980's spending spree, which resulted in the breaking of the Cold War, and the ensuing "balanced budget" years of 1990's in which we enjoyed boom times. Everyone seemed to understand that we'd made an investment in ourselves, so much so that we used the financial-sounding phrase, "peace dividend."

I don't make a living off of PM, but I see it as an absolutly essential part of a responsible portfolio. If gold retreats to $35 an ounce (like the gold standard), I won't shed a tear over my PM losses any more than I would shed a tear when I send a monthly check to my insurance company. Hope for the best, plan for the worst.

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I'm definitely starting to see auction prices eroding on ebay. I won 9 of 11 off one buyer yesterday. I was thrilled! Usually, it's 3 of 11, at best. I can almost smell the fear in the electronic air. People are warming up (or cooling) to the possibility that silver may bottom out below $10 again. I feel badly for the bullion guys who were buying monster cases like that were Tootsie Rolls back when silver was $35 but as long as they don't sell, they can always ride it out to the next bubble, even if it's 20 years from now.

Let it drop, let it drop, cause I'll be sitting pretty in four years when it blows up !

Who luvs ya silver, that's right ! I do.....

Looks like you're getting your wish!

Very exciting to see all these drops.

Yes it does. They both dropped like a rock when the jobs report came out showing better than expected numbers.