Yanked The Rug Out From Under Silver An Gold Once Again....

I think the fact that you have a group of people all arguing why silver and gold, coins and collectables, herilooms and artwork, are great and all agreeing that it is great (often because of it being passed down to them or beging passed down by them) is an attestment to the stability and long term "potential" of precious metals. For many of us here, when beautiful silver coins are at there lowest in bullion value, we continue to buy them. And when other offerings of beautiful coins are at there highest value, we continue to buy. This isn't just because we are collcetors and fanatics. It's because we are also industrialists, health nuts, hoarders, speculators, collectors and people that both appreciate the beauty of the world we live in and the world that we make our own (technology and industry).
These metals are so ingrained into our psyche that there value often exceeds their practicallity and are associated with having something that is envious. In a way, my collection (though not near the quality of your collection) is far more valuable to me than any other collection simply because of how I got it (my grandfather hoarded a little ) but is also, and amazingly so, valuable to some technology, industry guru's that careless about sentimentality. I guess what I am really just saying is, is that my investment is a safe one. If it all crashed tomorrow...well that's fine. My money is not so tied up in it that, that would cause me to starve (not saying that there aren't some other things that might not) but at the same, any profit I make on the side stuff is pretty nice too. And if it all sky rocket, I have some that are priceless, to me at least, so that's good too.
I think what it really boils down to is what could be better than putting that aside money to something that is valuable to so many different individuals in so many different ways that the worst arguement we can get is how great it is.

I don't know if you collected the coins with your Grandfather but I think some coins mean something to me since I did so with my father. I was tempted to sell some of the 'found' silver back in 1980 but what to replace with was always my thoughts. I just feel that PMs are a store of wealth so when the price rises and I have little faith in paper what else to get? Also to replace the price has top go back down and that may or may not happen. That's why many hold when low or high

Mk is making a lot of good comments here and I agree with most of them. But perhaps what we are getting into here is the difference between collecting and investing in coins? If I collect something, I will keep it until I can trade it for something else that better fits in my collection. I rarely sell because selling is not part of the collecting equation except when it furthers the collection. Investing, on the other hand, relies on buying the dips and selling the highs. Most of us probably mix the two of these to some extent. If we do, then it is up to each of us to decide what constitutes improving our collection and / or our finances.

I have been trading silver for over 20 years and I can tell you that the hunt brothers are no longer interested in silver.The reason silver is so high in price now is because the younger generation needs at least a 10 % position in their portfolios for retirement also there is more of a demand for silver for industrial use then 20 years ago and with the way pensions and social security will be in the future then I can't see silver ever going back to 15 dollars an ounce.

Yes fear can cause large fluctuations but this is the 21ST century and how mush silver do think is still left to mine and what is the cost to get it to market. It is just by opinion but I don't see candy bars going back to a nickel either.

Touché angel maybe even a six pack

Exactly, that same exact same silver dime will still buy 2 candy bars, just like it did when I was a kid. When you measure prices with real money, prices seldom change very much.

"Silver has broken its short term uptrend with a 7% dump from yesterday. Likely to go to 30 or maybe even to 26, though I would be surprised at 26.

Gold, although down 3% from yesterday, has NOT broken its short term uptrend. Likely will not go below 1700, though if it does, watch out for 1600 or lower."

This statement above made a few days back by Mmerlin when this thread first started, has been buggin me this morn. The Dow is now down 300 to start new week as is most stocks, and gold and silver are indeed caught in the undertow for now, any thoughts?

http://news.yahoo.com/stocks-plunge...3236631.html