Would Any Of US Really Complain About A Silver Price Crash?

I'd love to see it drop - unless the prices of silver collectibles stubbornly stayed where they are now on precedent alone (overpriced worn Morgans, I'm looking at you). I could finally work on a Canadian silver dollar collection as well.

I guess this is one of the best reasons to get silver from coin rolls while you still can - who cares if it drops? You got it for face value.

Id have to imagine for the pre 64 coins aside from the premium graded examples theyd have to have some price pullback. They may not be 2 or 3 dollar coins but if the silver value dropped like that they should shed something. I agree with both of you that junk morgans are overpriced for how easy they are to find.

January I'm not really into bars either though at 5 dollars an ounce I might get some, I do like a lot of bullion designs though so I'm not opposed to bullion if its made from a national mint. I can do without the private mint stuff though.

I didnt include gold in this just because those losses would be significant even off a single ounce if they shed 1200 1300 dollars an ounce. If it were to happen though I would be buying my first gold coins, but I couldnt imagine what someone sitting on a bunch of gold would be feeling at that point.

Even with a 100 percent premium 10 dollars is still cheaper than paying 30+.

But really their margins shouldnt be affected. If you charge spot plus 4 for something no matter what spot is youre making 4 bucks. Yes the percentage of the premium would increase, but the product would still be much cheaper overall.

If a price move runs one of them out of business they were going to go under at some point anyway. Most of them were around during the 90s and early 2000s though so its no like it would be their first time operating like that

Yeah, at this point it probably wouldn't be as fun for me as, say, it would have been a year ago. As I mentioned in another thread, I'm pretty much set at this point in terms of bulk buying. I wouldn't be wiped out financially if silver dropped down to $5, but I do have 1000s of ounces and it does make up a good chunk of my retirement fund.

Plus, if silver really did crash all the way back down to $5, I think my faith in it as an investment vehicle would probably be irrevocably shaken. I watched silver sit at $4-5 for something like 30 years, and the only reason I started stacking was because I became convinced it would never get that low again. If it ever did, I'd be too afraid that it would sit there for another 30 years.

Not that I'd sell the silver I currently own, mind you. I just wouldn't be in a hurry to buy much more....

Now, there's a whole different thought -- less expensive mint products... That opens up a whole different can of worms that would involve the profit motive of
the private mints, present overpricing practices of both private and govt mints and I don't know what all else... There's probably enough shoe leather to chew
on in that area for another couple threads (one for private mints and one for the govt ones) that'd be raging on for months on end.

When I look at some of those current plain, ordinary govt-issued silver bullion coins (1oz silver w/$61 premium and 5oz silver w/ $80/oz premium), all I see is
a "because we can" attitude-driven price-gouging mentality. Limited mintage or not and recouping die-making costs or not, I think that's a crap attitude and
practice for a govt mint. I think a govt mint should have a mission of breaking even and making coins for everybody -- not just the ultraselect few who can
afford exorbitant prices.

But -- back to the subject at hand... I'd like to see silver bottom out around $23 before global banking system failures, mindlessly self-destructive govt fiat-
printing madness, etc ad infinitum start it climbing back up again. I think that'd be a fair compromise bottom -- shopping spree time for everybody and not
too bad of an investment erosion for those with major $ already invested in PMs.

A big crash in the prices of bullion metals generally will make gold coins more accessible to genuine coin collectors.
However, I DON'T see a price crash coming. The U.S. national debt will see to that!

A price trend for silver down to $20? Perhaps likely, but not for long.

If you take the current monthly volatility out the price charts, bullion values are generally levelling out.
That is due to the U.S. economy finally showing some signs of growing again, albeit rather hesitatingly.
That being the case, there is prospect that job tenure may become a little more stable.

You were actually one of the ones I had in my mind as the exception that would clearly not be too happy about it and if I were in your shoes I would feel the exact same way.

I think a lot of people would back off it for those exact reasons you listed above, though previously the paper silver didnt exist and I wonder how that would affect how long it would stay there. But I do agree if it got there it wouldnt be a get rich scheme, though if you believe in its historical cycles someone in the family should be able to benefit at least.

Personally I think the new floor is closer to 10 than 5 with the current uses it has though it wouldnt be the first time a new and better metal was found for industry.




Well right now we need the mint pumping in every dollar they can to the feds. Their premiums have gotten a little stiffer which I'm not a fan of.

But the bigger issue would be that even if they only wanted to break even with losses from pennies and nickels, or even a series that doesn't sell as well as it should they would still have to make money on popular series to make sure they didnt go into the red.




Very true, I havent bought any gold personally because of the price. It would also make some of those coins actual collectables again and not just bullion, though that stigma may stick with them for a while after a few years of their metal content carrying the most value.

I'm kind of with samsnate on this one. I'm 38 and have about twice as much in silver but I've got a good 20 years to retirement. If we get below $20 and heading $10, my dollars will go further towards stacking. The only worry would be the drying up of supply or the raising of premiums if spot gets lower.