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 Replies: 57 / Views: 8,515 |
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Pillar of the Community
United States
757 Posts |
the other thing to think about is that with quantitative easing, we could make this bankruptcy go on for another ten years or so. in that time, silver could dip dramatically or it could rise. sure, in the long run be bullish on silver, but to jettison fear is an unwise decision.
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Pillar of the Community
United States
1026 Posts |
Well I am not at my home now wish I was I want to buy more silver now. Also have money tied up in a worthless CD if silver holds below $40.00 when I can get the CD I will be converting it into Silver also just one of my CD's
I have been buying all the bullion I can now for several year which is not much as the money permits as I like real value I can hold and not the worthless paper the US keeps printing in record numbers.
Actually I hope silver takes a dive then I can buy more before it goes back up:)
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Pillar of the Community
 United States
3670 Posts |
I think many of us Brucec are pulling for a dip to 30 perhaps, but I would be real surprised to see it fall below 34 anytime soon, as today it dropped just 8 cents.... Hard to find a good piece of 1 oz silver at 40 or less these days.... I bought a couple of 1 oz bars at local bullion/jewelry store, a place called "Southern Bullion", and thought I had beat the system a bit by getting them at almost 38 bucks each, but forgot about ol Uncle Sam via not buying online, and end up paying 83 an some coin, stooped again rof  ! Oh well, still nice place to get fast hands on silver or gold coins or bars, via 10 oz johnson bars, nice 1 10 gold eagles at like 170 plus tax seems like, so not to bad. I would love one of those nice 1 10 eagles.... Edited by Silverhawk74
03/15/2011 01:44 am
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Pillar of the Community
United States
1026 Posts |
Well just hate to pay the $45.00+ per ounce charge to buy more gold that is to much of a mark up for me epically if you buy more than one ounce at a time.
The last 60, 2011 Silver Eagles I bought are all so nice spotless and would all grade MS they sure look nice.
Hope I never have to spend any and can pass it all down to my two children some day not to soon I hope:) I have to list allot of coins mainly extra proof sets for sale when I get back home in April.
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Pillar of the Community
United States
3294 Posts |
By definition, if the spot price of silver is at $250, that means that there are people buying it at $250 otherwise the spot price would be lower.
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Pillar of the Community
 United States
2448 Posts |
You may get your wish. Silver was down to $33 and change earlier today.
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Pillar of the Community
United States
3670 Posts |
Fine example how fast the rug can get pulled out from under it all. Spend months on a steady climb an loose all that ground in one day eh. Well silver has only took a 1.50 hit so far, but the other three are dippin, and gold even fell below 1400....
Edited by Silverhawk74
03/15/2011 2:30 pm
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Valued Member
United States
104 Posts |
I'm afraid to buy gold right now. I'm also afraid to leave money in CD's. I think silver is probably the best way to go, but how much higher can it go? and is it best to dink around with e-bay and silver dollars, ( no rare dates), or just buy the eagles?
also, is it best to find a good coin shop? or is one of the mail order places ok, and which have you personally used? and then, when it's time to sell, coin shop, or mail order place? thanks, love to have all opinons.
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Valued Member
United States
299 Posts |
As Einstein would say, it's all relative folks.
As long as he US is printing money and piling up debt, the amt of silver a buck will buy keeps declining. It's not so much that silver ( or food or gasoline, or anything else) is going UP in price. It is that the dollar is going down in value.
And most other world currencies are racing us to the bottom so there are few other world currencies that are doing any better right now. Even Chbina might have a more solid currency, but they have chosen to keep it pegged to the dollar so as not to penalize themselves in trade with us.
What to watch out for is if China ever unpegs or the OPEC nations decide not to p[rice oil in USD, the dollar is done and silver or other PMs will explode.
Or if Ron Paul gets to have his with the Fed and can re-establish a sound currency here, the PMs may go flat line re the dollar again.
So whether to hold or sell my silver all depends what all is going on around us that might change the reasons why I hold PM instead of greenbacks as a store of value
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Pillar of the Community
United States
3670 Posts |
Piffin all fine points, that makes much sense to me....
With this new campaign couldn't the economy swing back 180 degrees, even though that debt is not going anywhere? Sure seems like ever time the US economy is in the dumps, nothing seems to fix it like a war. On a scale this small however, and going back on the last time we attacked Libya back in late 80's, I would not expect this war to effect the economy much in long run, unless it drags on, which is of course real possibility if others get involved perhaps....
Edited by Silverhawk74
03/20/2011 7:42 pm
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Pillar of the Community
United States
757 Posts |
and let's hope they don't.
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Bedrock of the Community
Australia
21788 Posts |
Silver will hit $250 / oz., but don't worry. With inflation at a tolerable 3.5% per year average, that would be in 55 to 60 years time. We won't have genuine electronic money then, even that will be substituted by synthetic electronic money!
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Valued Member
Canada
442 Posts |
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Valued Member
Canada
442 Posts |
oops I meant we're going to make plastic money
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Valued Member
United States
104 Posts |
monopoly money? if that's the case, I'm rich!
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Replies: 57 / Views: 8,515 |
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Posted 03/14/2011 11:32 pm
