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I'm Buying Silver By The Pant Load, Anyone Else?

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Valued Member
Fatman's Avatar
United States
362 Posts
 Posted 05/07/2013  8:45 pm Show Profile   Bookmark this topic Add Fatman to your friends list Get a Link to this Message Number of Subscribers
Lately I've been sandbagging so to speak waiting on my "special" point in time to hit the silver band wagon. Well, I've started my spree, with 2 MS63&64 Morgans, 5 ASE's, 5 Maples, 4 Panda's, 1 Kookaburra w/snake, $40 junk silver, and a few silver proofs.

My plans are to do this every two weeks until my cutoff point is reached or go broke which ever is first. Does anyone see something I've missed with regards to silver bullion that has legal tender status ?
Pillar of the Community
Merc Man's Avatar
United States
561 Posts
 Posted 05/07/2013  9:12 pm  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply
The America The Beautiful 5oz. Quarters are quite nice in my not so humble opinion.
New Member
jnorlund's Avatar
United States
47 Posts
 Posted 05/07/2013  10:37 pm  Show Profile   Bookmark this reply Add jnorlund to your friends list Get a Link to this Reply
I picked up a couple Chaco 5oz and am waiting to see what they look like in person. Pictures are really nice.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 05/07/2013  10:43 pm  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I am still buying .. what I have been buying .. couple hundred a week.

In my area the selling price of silver has not dropped as much as it should, based on the current silver price.

There are more buyers than sellers. Some local coin shops are paying more than melt for 90% and ASE's, just to get customers to sell .. so there ends up being a higher premium.

If the silver price drops further .. and the mint catches up on ASE production .. then I will up the amount I am buying.

Of course if I can find some Morgans or ASE's that I can pick up closer to melt .. I would like to stack more silver
Valued Member
mindsets's Avatar
United States
142 Posts
 Posted 05/08/2013  12:28 am  Show Profile   Bookmark this reply Add mindsets to your friends list Get a Link to this Reply
One day silver will be as expensive as gold. Its one of the best conductors and will be needed in everything in the near future. If it were cheap enough we would use silver wire, not copper. One day copper simply won't cut it!! Mark my words ARGHHH
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basebal21's Avatar
13014 Posts
 Posted 05/08/2013  12:43 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
One day silver will be as expensive as gold.


Only if gold loses all value, silver has never been as expensive as gold in history.

Even with wide spread industiral uses its to abundant to see Platinum level prices. Not to mention whether or not its better there will be very few things were companies would be willing to pay 100s of dollars extra when copper would do the job if silver saw those prices.

Industrial use is a funny animal. You want the increased use to raise prices, but if the price gets to high they find a new metal
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