Silver Price Prediction - Page 3 - Coin Community Forum

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Author	Replies: 37 / Views: 8,000	Page: of 3

Excalibur Valued Member United States 118 Posts	Posted 01/13/2015 8:55 pm My cost average is around $25 but that's because I'm including in it my bullion that have big premiums, like some proofs and other low mintage issues. So technically I'm in the red. Do I want silver to go up, so I can be in green ? No, I want it to go down so I can by more at better prices. Report this Post to the Staff
SHAFTA9a Bedrock of the Community Canada 10743 Posts	Posted 01/14/2015 08:47 am I see it has been gradually going up, $20 soon. Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 01/14/2015 7:39 pm $17 area seems to be a strong resistance. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 01/14/2015 7:45 pm Excalibur, you're starting to think like a banker! The thing is, what would you do with all that metal if not to redeem it later at a better dollar figure? One thing about precious metals is that the public perceives value strangely and only wants things that rise in price. These metals can only buy more if you already have them, not if you join the party halfway through. Looking back now at the passing bull run it's shocking to think that people wanted an industrial metal so badly, imagine if that happened with steel - it's the same shock. Report this Post to the Staff
Excalibur Valued Member United States 118 Posts	Posted 01/14/2015 9:38 pm Libertad, I'm not buying silver to get rich. I'm a colector not a silver stacker ppreparing for apocalypse. I collect both numismatic coins and bullion silver. When it comes to bullion silver, most of my collection is coins with high premium, or at least bigger premium than you pay for ASE or generic rounds. As a collector I buy what I like. Some of the coins cost me not much over spot, for example ASE, Libertads, Somali Elephants etc. But some coins cost way over spot, Benin Elephants are just one example. I'm not looking to sell my collection anytime in the future so I'm not worried that my cost per ounce is around $25. However I'm planning to increase my stack of silver with lower premiums, like ASE, Maples etc. to bring my cost down, and to keep some of my savings in bullion silver. Edited by Excalibur 01/14/2015 9:39 pm Report this Post to the Staff
SilverTracker Pillar of the Community United States 589 Posts	Posted 01/15/2015 12:59 pm In my case I am stacking ASE's, junk silver and Maples not for prepping for the apocalypse but to have a stack ready in case the dollar decides to lose much of its power and I can sell some off to feed my family. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 01/15/2015 2:25 pm I'm like you SilverTracker, stacking for the slow decline of $. If I never need to use PM's, I will pass them on to my children. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
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