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 Replies: 21 / Views: 3,863 |
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Pillar of the Community
United States
2130 Posts |
I have noticed a lot of good deals on several of the big silver dealers websites lately. Do you think these guys know something about the silver market that the rest of us do not? Are we headed towards much lower prices in the near future and these dealers are trying to unload now? I purchased a roll of ASE last weekend for $395 w/ free shipping...there are the buffalo silver rounds that are being sold for spot (around $339 for a roll of 20) on ebay with free shipping? I know nobody knows for sure but I am just curious of what others think about this? |
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Pillar of the Community
United States
4333 Posts |
Yes!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
Australia
21786 Posts |
Yes. Dollar average buy on the downtrend.
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New Member
United States
45 Posts |
maybe they are stocking up on new stuff and letting go of the old for cheap? either way I'm buying this weekend. tax return has arrived!  Edited by enhanced proof
02/12/2015 06:17 am
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Pillar of the Community
Canada
2019 Posts |
How much Silver is too much, I mean it seems like the Market is so flooded with silver , you can have too much of a good thing, at some point silver could be so common that no one really wants anymore,Look at all those Roman coins... Gold on the other hand, People always will want gold. Go for Gold!  Edited by Northerncoins
02/12/2015 10:47 am
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Valued Member
United States
73 Posts |
silver is my favorite metal. As we move into a more technical age we may see silver passing gold one day; its the best conductor of heat and electricity, most reflective metal, and now being used in cleaning and medicine. think I saw somewhere there were 250 area's where silver was the best choice for use but often not used due to its price.
it may fluctuate but I doubt we will ever see it worthless.
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Pillar of the Community
613 Posts |
Silver Coins or Rounds,Bars are pretty cheap right now,so I would go with silver. Average down. I would stay away from CIR US Change unless its a low mintage,S Mint or High Grade.
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Pillar of the Community
United States
586 Posts |
Northerncoins,
Estimation is that probably only less than 0.1% of the population is interested in this metal. None of my family, friends or colleagues are buying this darn thing. I agree market is flooded with silver; because there is almost no retail demand.
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Pillar of the Community
Canada
2019 Posts |
Quote:
Estimation is that probably only less than 0.1% of the population is interested in this metal. None of my family, friends or colleagues are buying this darn thing True enough, my family and friends don't collect it either lol, well I did get one friend interested for a while but when it was dropping over the last year or so he sort of lost interest...  |
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Pillar of the Community
 United States
2130 Posts |
So silver closed up today and I received an email from APMEX today with several good deals. 5oz APMEX bars for $93.99 , 5 ASE for $100, and a few others.....I wonder if they know silver is going to drop next week? I hope not because I couldn't resist a few of these. We will see. |
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Pillar of the Community
United States
606 Posts |
Some argue that silver such as ASE won't be sold once purchased because of its collector value. I don't agree and think a large percentage of individuals would sell if the price was right. Because of this, there are millions of ounces each year purchased and set on the sideline to be potentially sold at a future date. To overcome this, industrial usage would have to dramatically exceed supply for really high prices, IMO. This is also the reason I usually only purchase vintage poured bars from mints no longer in business. I guess Morgan dollars would be a similar strategy. |
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Valued Member
United States
167 Posts |
I have personally noticed companies having sales right before silver goes lower as well. That makes me come to assumption silver is going lower when I see these sales.
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Pillar of the Community
Canada
2019 Posts |
Quote:
I have personally noticed companies having sales right before silver goes lower as well. That makes me come to assumption silver is going lower when I see these sales. I dont think they know silver is going to drop, its just a sale. Silver has dropped for the last few years so I guess it just seems like that lol. People remember the losses more so then the gains. |
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Valued Member
United States
167 Posts |
You might be right northerncoins lol. I will never forget buying ASE's and very soon after silver dropped considerably lower and I was upset. |
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Pillar of the Community
United States
586 Posts |
Mullen,
You need to read weekly COT futures report. Bullion dealers are classified as commercial traders; since they hedge their inventory routinely (short position against gold).
Besides many online specials offered, what concerns me is that they're still holding huge amount of short positions. Apparently, the plan is to sell physical first; then close the short position after a big price slump.
That's why I am afraid gold price might go very low, in the coming weeks or months.
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Valued Member
United States
110 Posts |
The future of silver...
It has been money for thousands of years. This is one reason I like having my stack. I've got a few friends into silver now. Unfortunately, most just think I just really like the coins (which I do of course). I believe that silver will be used as money again when the dollar completely crashes.
Of course I try to buy on the dips, but overall I'm not too worried about what its is value is in dollar terms.
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Replies: 21 / Views: 3,863 |
Posted 02/12/2015 02:06 am
