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 Replies: 30 / Views: 3,597 |
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Pillar of the Community
Mexico
1304 Posts |
Poll Question
A few on the forum have said that when silver gets below $27 they will "back up the truck" and load up on silver.
Silver hasn't been under $26 since November 2010. So, who is putting their money where their mouth is at this weekend's price?
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Pillar of the Community
1283 Posts |
Sold some of my premium bars at about break even to buy cheap .999 rounds. There are lots of sub $30 rounds on Provident with their free shipping offer that is going on right now.
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Valued Member
United States
432 Posts |
This is just a small hiccup in the silver market. It will come back higher than ever. Sooner than later.
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Bedrock of the Community
13014 Posts |
Im on hold for bullion coins and have been since the mid 30s but if I see something I really like I get it. I have been buying bullion eagles for my date set album as well
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Moderator
 United States
14463 Posts |
I am going to a local coin show Sunday. I plan to pickup some albums, but if the supplier is not there, I might pickup some silver.  |
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Bedrock of the Community
Australia
21786 Posts |
Have a look at the DJIA for the last six months.
It seems to me that large commercial investors are responding, lessening their exposure to bullion which hedging can provide.
You could well ask yourself: Will the DJIA continue to rise?
For some of the answer to that, have a look at the DJIA for a time which suits your investment horizon.
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Pillar of the Community
United States
2661 Posts |
With Cyprus & China dumping physical gold on the market and driving prices down across the board, I think buying even at these levels should be approached with caution. If These two countries cause a panic sell off, even buying at a 2 year low could be potentially risky. Personally, I am buying items that have a numismatic value such as Morgans and Merc's. I will pull the trigger on some Libertads or a couple of Freedom Girls if the price is right.
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Valued Member
United States
200 Posts |
I am buying in small quantities if I can something at or near spot. Most of the silver I have bought was purchased when silver was at 26-27 levels, and I comfortable buying small quantities at these levels. In case it crashes below 20, then I will definitely buy much more.
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Pillar of the Community
United States
1454 Posts |
Still praying for that big sub-$20 drop before I shift back to bullion but I'm always searching for deals on world proofs. I love these "shocker" sell-offs because they bring out the worrier-type sellers who fear the sky if falling and must unload before their investment withers and dies. The extra volume typically means better ebay auction deals. |
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Pillar of the Community
United States
2661 Posts |
Quote:
I love these "shocker" sell-offs because they bring out the worrier-type sellers who fear the sky if falling and must unload before their investment withers and dies. I do too Traevin, it usually makes the old silver coin come out of the wood work and the old large coppers along with them. I just spent the last 3 hours cutting the lawn and as soon as I finish this water and get a shower I am off to town to see what washed up at the pawn shops this past week. Wish me luck  . |
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Valued Member
United Kingdom
90 Posts |
I'm gonna wait a bit longer and keep an eye on the markups over spot, let the dust settle first.
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Pillar of the Community
United States
3670 Posts |
I voted adding a bit to the pile and discoved I was right in line with 72% on this poll....
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Pillar of the Community
United States
5821 Posts |
Quote:
I'm gonna wait a bit longer and keep an eye on the markups over spot, let the dust settle first.  It's not like I've been waiting to buy any silver. In fact, I've been buying steadily over the last couple of years, sometimes a little and sometimes a lot. And I've bought a decent amount in the last few weeks as prices have been slowly dropping. So, while I'm not "broke from buying at $35", I am at the point where I really feel like I've bought enough for the time being and there's no urgency to buy any more right now. If prices stay low for awhile and premiums drop, however, I'll continue to buy down the road. Besides, I'm still planning to buy a few of the 2013 American Eagle West Point Two-Coin Silver Sets when they come out as well as the 5-ounce ATB pucks... |
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Pillar of the Community
United Kingdom
548 Posts |
I'm just waiting for people on ebay to react to the silver price. Too many sellers are still acting like there's been no movement whatsoever. |
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Pillar of the Community
Japan
666 Posts |
Quote:
With Cyprus & China dumping physical gold on the market Where you get the information about Cyprus and China dumping gold? |
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Valued Member
United States
90 Posts |
What is the code for free shipping from provident?
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Replies: 30 / Views: 3,597 |
Posted 04/13/2013 01:03 am
