High Price Silver Eagles

No guaranty it will go down or up. It's really your call because you're taking a chance either way.Good luck.

If you're buying one Eagle as a silver investment, you're playing at a big disadvantage since the $3 or so markup is about 10% of the investment. If you pay that on the buy and sell side, you're 20% in the hole before silver rises or falls.

The PASS line in Craps has far better odds.

Hmmm... I don't know about crap shoot. bought a tube of 2010s in February for $19.75 each. The buy price (I deal with a major distributor) is $1 over spot. That's a 50% profit in 10 months.

Considering I saw a sign in the bank Friday where they'll pay 1.75% on a 5 year CD, I'm better off.

I didn't sell, but I was there when he bought 20 mint tubes (all years) unopened BU at $30.50 from a guy, I guess he made money!

I bought a tube of 2006 and 2007s for $31.50 each. He told me he had just been quoted a price of $31.75 each from his distributor--for a mint BOX of 2010s.

I'm not going to call it a crap shoot. In fact that is a pretty bad way to look at it.

I am still buying, of course I'm betting on climbing silver price. Silver has risen so fast that I can turn a profit on everything I have bough up to this week. Granted the recent purchase will not net big gains but it is still on the plus side.

The key is the premiums for both buying and selling. You pay over spot and sell under spot in most cases. As long as it climbs as it has been it is very easy to cover this spread.

So you know your tolerance for the price. From your post my guess is that you have reached that limit. I would think that if your patient enough you may get them as low as $15 in the future. But the question is how high will they go? Another question would be why are you buying them? Investment bullion or collecting, each phase will have a different price threshold for buying them.

I have been lucky and I have done really well with the 2010 ASE. Of course since I still have them it is nothing more than what I call a paper gain at the moment.

I am still buying, maybe not as aggressive but none the less still buying. I am betting that silver will go higher, probably $50 by March. However I could be wrong and next week it could be below $20.

So it is at $29.97 at this time who knows what it will be tomorrow at this time.

Since I buy to make money I risk my money a little more than most people. It has been a very good year so far.