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Silver Took A Dive

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TheForce's Avatar
United States
4870 Posts
 Posted 06/07/2006  12:55 pm Show Profile   Bookmark this topic Add TheForce to your friends list Get a Link to this Message Number of Subscribers
Whats going on with silver? I just checked the spot price and its down to $11.83/oz! Maybe I should start buying...
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fengk's Avatar
United States
986 Posts
 Posted 06/07/2006  1:13 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
Just a couple of weeks ago silver was up at around $15 an ounce. You never know when it might dive again.
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TheForce's Avatar
United States
4870 Posts
 Posted 06/07/2006  1:23 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
That's right. Also on ebay at that time silver bullion was selling at nearly $20/oz. with postage. Way over priced really.
Valued Member
United States
94 Posts
 Posted 06/07/2006  2:13 pm  Show Profile   Bookmark this reply Add Dog Man to your friends list Get a Link to this Reply
At this level, silver is still high when you look at the graph over the past 20-30 years. That being said, if you have a sum of cash you're looking to invest and you feel silver is going to spike from here, then I think your money could be potentially well spent.
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Mooseknuckle's Avatar
United States
95 Posts
 Posted 06/07/2006  2:15 pm  Show Profile   Bookmark this reply Add Mooseknuckle to your friends list Get a Link to this Reply
Lol!! lot's of hypotheticals there!!

quote:
That being said, if you have a sum of cash you're looking to invest and you feel silver is going to spike from here, then I think your money could be potentially well spent.


A well guarded response! :)
Valued Member
United States
94 Posts
 Posted 06/07/2006  2:34 pm  Show Profile   Bookmark this reply Add Dog Man to your friends list Get a Link to this Reply
quote:
Originally posted by Mooseknuckle

Lol!! lot's of hypotheticals there!!

quote:
That being said, if you have a sum of cash you're looking to invest and you feel silver is going to spike from here, then I think your money could be potentially well spent.


A well guarded response! :)


What can I say, that's what I get for being a long term stock market investor
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/07/2006  2:56 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
quote:
Originally posted by Dog Man

At this level, silver is still high when you look at the graph over the past 20-30 years. That being said, if you have a sum of cash you're looking to invest and you feel silver is going to spike from here, then I think your money could be potentially well spent.



If anybody ever asks me to define "disclaimer," I'm going to link them to this post.
Pillar of the Community
United States
604 Posts
 Posted 06/07/2006  3:35 pm  Show Profile   Bookmark this reply Add Buffaloboy5 to your friends list Get a Link to this Reply
It is time for me to buy silver bars agian I only have one so hahaha I'm going to get a second one
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TheForce's Avatar
United States
4870 Posts
 Posted 06/07/2006  7:45 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Even with this low silver price I am still finding sellers selling maple leafs for nearly $20...
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Dewayne76's Avatar
United States
590 Posts
 Posted 06/07/2006  9:20 pm  Show Profile   Bookmark this reply Add Dewayne76 to your friends list Get a Link to this Reply
If you can get it for less than a dollar over spot buy it.
Pillar of the Community
United States
604 Posts
 Posted 06/07/2006  9:31 pm  Show Profile   Bookmark this reply Add Buffaloboy5 to your friends list Get a Link to this Reply
Maybe because silver is going down everyone will be and everything will go up. I dont know I'm just saying.
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coolg35748's Avatar
United States
260 Posts
 Posted 06/08/2006  11:41 am  Show Profile   Bookmark this reply Add coolg35748 to your friends list Get a Link to this Reply
How many 1oz bars should I buy?
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TheForce's Avatar
United States
4870 Posts
 Posted 06/08/2006  1:03 pm  Show Profile   Bookmark this reply Add TheForce to your friends list Get a Link to this Reply
Wow! Silver is down to $11.27 oz. now! BUY! BUY! BUY!
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fengk's Avatar
United States
986 Posts
 Posted 06/08/2006  2:04 pm  Show Profile   Bookmark this reply Add fengk to your friends list Get a Link to this Reply
If silver's fallen this much in a day, I think that it can only keep on dropping till it reaches a plateau of some sort.
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djluster's Avatar
United States
1327 Posts
 Posted 06/08/2006  2:07 pm  Show Profile   Bookmark this reply Add djluster to your friends list Get a Link to this Reply
coolg- it depend on who much money you have. if you only have 11.25 you will only be able to buy 1. I would suggest for you if you are really liking about buying that you buy a American Silver Eagle they are 1 oz as well and most dealer sell them for 2-3 dollar over spot and I have spot closing at 11.09 so should be able to get on for under 14 dollars. I think you would be happer getting a ASE over a silver bar.
Valued Member
United States
94 Posts
 Posted 06/08/2006  3:08 pm  Show Profile   Bookmark this reply Add Dog Man to your friends list Get a Link to this Reply
I could be wrong, but at this level I believe silver will go either up or down from here (sorry, I just couldn't resist that one)
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