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How Important Is Silver Breaking $20 For You?

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Valued Member
aandabooks's Avatar
United States
223 Posts
 Posted 05/02/2013  11:28 pm  Show Profile   Bookmark this reply Add aandabooks to your friends list Get a Link to this Reply
I don't think we are going to see sub-$20 silver. Especially without huge premiums attached to it. My one LCS has held steady on premiums. I picked up a 4oz ASE for $100.20 yesterday afternoon with silver at $23.80. It was the only generic bullion the had and the owner said they were atleast two weeks from having their next Silvertowne shipment. Also bought one 212 Fuji Taku but the premium was higher on that coin.
Valued Member
SDCrow's Avatar
United States
456 Posts
 Posted 05/02/2013  11:45 pm  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply
You got four eagles for $1.25/oz over spot? That is a great buy even if silver falls to $20. My local shops bumped their premiums up to $6.50 and $7 over for eagles. No thanks. . .
Bedrock of the Community
BH1964's Avatar
United States
10982 Posts
 Posted 05/03/2013  12:06 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
How Important Is Silver Breaking $20 For You?


Maybe not real important but if it drops to $18 or $19 I would make some significant purchases. The $18-$19 range we had in the summer of 2010 was the last time I did any major "Buy and Hold" purchases.

P.S. Silver seems to be a good buy at current prices too.
ANA #R3154474
Valued Member
JSH's Avatar
United States
410 Posts
 Posted 05/03/2013  09:29 am  Show Profile   Bookmark this reply Add JSH to your friends list Get a Link to this Reply
$20 / oz isn't a magic number for me, but I'm looking to start collecting 1 oz world bullion now. I couldn't see doing it at $30-$40 per oz since I was expecting the bubble to burst and silver to come back down to the historical average.
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rickynic's Avatar
Canada
314 Posts
 Posted 05/10/2013  9:10 pm  Show Profile   Bookmark this reply Add rickynic to your friends list Get a Link to this Reply
If it does go below $20, I will spend alot more on ASE and SML, and a few other coins from around the world
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sel_69l's Avatar
Australia
21788 Posts
 Posted 05/10/2013  9:26 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Almost all of my silver scrap coins were obtained at well below $10 equivalent spot metal price long ago, as a by product of numismatic interest. Most of them were ontained as part of job lots. By catch, you might say.
Probably the cheapest way of collecting silver.
I DO, however keep a watch on PM prices, because they partly, and indirectly influence the numismatic market.
New Member
United States
31 Posts
 Posted 05/11/2013  1:56 pm  Show Profile   Bookmark this reply Add westcoasting to your friends list Get a Link to this Reply
For me, breaking $20 probably isn't all that important. I'm waiting for $22 (a re-test of the recent low) cause I regret not buying some items on my list when it briefly hit that low (right before the premiums got raised everywhere). If it keeps sinking, I'll continue to buy cause I want more PM.
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joecoin85's Avatar
United States
325 Posts
 Posted 05/24/2013  1:19 pm  Show Profile   Bookmark this reply Add joecoin85 to your friends list Get a Link to this Reply
I'm not worried about the $20 mark. Silver is pretty low now. I get mine at or just below spot which makes me happy.
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