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 Replies: 74 / Views: 7,385 |
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Pillar of the Community
United States
3670 Posts |
Not sure how much silver you have Cali Nick or what your price range is for that key date, but I found you a couple of bargans.... This first coin the guy is offering FREE SHIPPING, whooray! I would hope one could jump on the grenade and grab that shipping cost on a coin pushing 10 LARGE! http://cgi.ebay.com/1893-CC-PCGS-MS...em4156386b05And this guy with his 8350 dollar toned beauty, alas with no zoom. Both of these look beat up pretty much, I may buy one or the other and a shine them up with some tarnex followed up with a spit shine! Just kiddin, rof  , as I probably will never be able to afford one of these and if I can then I will do the fore mentioned, kididng again, lol. All jokes aside, I had no idea these bring so much, and I saw them from beat up 100 or so, to up to 10 grand. Saw many that looked real nice in that 400 to 1500 dollar range.... http://cgi.ebay.com/1893-CC-MORGAN-...em2c4ed95845Lastly, my local silver shop has many old Morgans, perhaps I should grab a nice one if I can get a good price. I have a replica of the 1893, via a 2010 brand new from Provident that is very eye catching.... Edited by Silverhawk74
05/04/2011 05:14 am
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Pillar of the Community
 Canada
902 Posts |
Are we going to bottom out now ? $39.33 US, $37.74 CDN
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Pillar of the Community
United States
1450 Posts |
That really is the question isn't it? I have been trying to understand the triggers on silver and gold that accounts for the speed of these climbs and drops and I see nothing "natural". I too was expecting a correction but these jumps and dives are like watching a butterfly mate(although not near as beautiful). I'm gonna need some motion sickness medicine before long. Doesn't seem to be any logic or sense to it. I guess that should tell us something shouldn't it!
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Pillar of the Community
United States
1348 Posts |
I agree. I am 10 large into silver and thats is almost all of my savings (besides investments and the oh S*%& fund) if it continues to drop I may be out a good chunk of the wife and I's money
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Pillar of the Community
United States
3276 Posts |
w1a9c8k5: yeah I feel you. spent a good chunk of my savings. I've been watching silver go up and up and I kept saying it was going to stop, and it never did. so I decided to buy some silver thinking "it keeps going up, what are the odds that rigt when I buy the price will drop". well theres my luck, I'm now at a loss if I sell. i'll hold out for a while though hoping it gets better. well if silver tanks at least it will be easier to collect silver US coins. |
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Pillar of the Community
United States
3184 Posts |
I'm sure many of us thought there would be these wild 2-5 dollar A DAY DROPS! Never seen that before until recently.
Also all the indicators are there for metals to go up such as our economy which isn't doing any better however once news of Osamas death, metals have plummeted since. I believe Friday is when the govt has to decide if we are going to raise our debt ceiling? That should raise metal prices unless something funky happens.
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Valued Member
United States
71 Posts |
w1a9c8k5 and murrellington:
I can see where you guys might be uneasy but like mkman123 said, the principles for PM's to go back up are still there. The economy, unemployement, the value of the dollar...they're all still pretty much where they were last week when PM's were looking better.
Hang tight and things should work out for all of us!
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Valued Member
United States
310 Posts |
I think this could be both a correction and a bubble burst. Silver has risen too fast. I don't think the bubble has completely burst yet at $39/oz. 39 is still higher than the close at the end of march. Silver still hasn't had a losing month since January. Silver has only been down 5 months over the past 16. We're kinda due for a pull back of some sort. I've seen others say it too, that silver has full support around $24. If Silver fell to $24 and ounce and stayed there, I'd be happy. Granted if silver does fall that far, I really think gold should follow. Gold is just as inflated as silver imo. Sure the US dollar is down %20, but gold is up way more than %20. there's more than inflation at work here.
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Bedrock of the Community
United States
10982 Posts |
Quote:
agree. I am 10 large into silver and thats is almost all of my savings (besides investments and the oh S*%& fund) if it continues to drop I may be out a good chunk of the wife and I's money
We're right at a support level just under $40/oz USD. If it falls below that it could be a quick trip to $35. Never fear! The money spent should not be funds you'll need this year. It was just 3 years ago that gold broke $1,000 for the first time and then dropped back to $700 with many people bailing out. Don't bail. The trend is up and while we might see $30 before $50, rest assured and be patient. $60 silver is coming, you just might have to wait a year or two. |
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Valued Member
United States
327 Posts |
<music playing>
The sun'll come out
Tomorrow
So ya gotta hang on
'Til tomorrow
Come what may
Tomorrow! Tomorrow!
I love ya Tomorrow!
You're always
A day
A way!
</music>
I had a feeling Silver was going to go off a cliff just before $50/oz, and I'm sorry for all of you holding at $42-47 or so. I look for it to slow around 38 and hold at around 35-37 like it's anchored in at 36. I could be wrong, of course; it's happened before.
Edited by SPQR
05/04/2011 3:57 pm
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Pillar of the Community
United States
684 Posts |
Silver broke major support at $39.50. I expect we will see $35 this week. After that upper 20s by summer. Then it will flatten (not move much) for a while.
Other than numismatic items, I have not bought bullion silver in years, though I sold some last week... crummy 10% Mexican pesos that smelters will not touch.
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Valued Member
United States
309 Posts |
I think it is dropping to a low for 2011. It may raise again later but with world events also being factors, that drop is realistic. I watch spot pricing but, first and foremast, I'm a numismatist; so not an issue. If you are holding just for profit I would say you are better off moving it to someone willing to loose some money for it. Just what I think.
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Pillar of the Community
United States
3670 Posts |
Yes you big investors hang in there, I know that is easy said than done when you have 10 grand of life savings tied up, but it will start a steady trend back up again. I think this Bin Laden thing (and all though I think it is one factor for the drop, by all means not the only reason), goes to show that one major news break can send the pm's soaring in either direction, and as we get back to a more normal routine work week again, I believe it will continue its two steps forward, one step back pattern it showed all the way up until that announcement a few days back....
Edited by Silverhawk74
05/04/2011 4:35 pm
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Pillar of the Community
United States
3670 Posts |
Plus, like another wise poster said, I pay more attention to what silver is selling for an oz at ebay, than I do the spot price anymore, even though it is a figure I must look at every day, as curiosity has always killed this kat, lol.... |
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New Member
United States
15 Posts |
IMO, this is just a bump in the road for me as a long term physical holder. Nothing has changed my friends:
- The dollar still sux
- Unemployement is still high
- Big Ben and his cohorts keep printing cash
- Congress will soon raise the debt ceiling again
- The value of my house keeps dropping
- Food prices at the local grocery store keep rising
The list goes on, and on, and....Let them manipulate the prices all they want. When the dollar finally roles over an dies...I'm going to be happy I held on to my PM, and sorry I didn't buy more.
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Replies: 74 / Views: 7,385 |
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Posted 05/04/2011 12:50 pm
