Silver Passes $40 Are You Laughing Or Crying? - Page 2

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Author	Replies: 99 / Views: 8,771	Page: of 7

fenton Pillar of the Community United States 4989 Posts	Posted 04/08/2011 4:44 pm Crying! I'm short silver in my brokerage account. Pain, pain... Pain. At least it is helping my coin collection... Report this Post to the Staff
muddler Pillar of the Community United States 7193 Posts	Posted 04/08/2011 4:45 pm I run a little for both happy and sad. I have bought proof coins from the mint regularly since 1996. Modern commemorative, proof sets and Silver Eagles. Now I am close to being priced out of continuing my sets but the existing have far outreached the purchase price. The same thing happened in 2007 when I had set my goal of the first spouse series only to be out of my price range by 2008. It's good for a speculator but bad for a hobbyist. Report this Post to the Staff
scurry64 Pillar of the Community United States 900 Posts	Posted 04/08/2011 4:47 pm I have 3 silver quarters, so I don't care. I'll be elated when copper hits $40/oz. Report this Post to the Staff
stewart Pillar of the Community United States 1126 Posts	Posted 04/08/2011 4:47 pm I could only make one vote so it was laughing because that is mostly it. Because I started hard core stacking Silver in March of last year. As for my numismatic passion ( Eisenhower dollars) "Don't Care" Because money is only a tool like a hammer or screw driver it allows me to get something accomplished that I love. And yes there is some crying because no matter how hard I have been stacking I always think I should have bought more. Report this Post to the Staff
Billie Pillar of the Community United States 592 Posts	Posted 04/08/2011 4:54 pm Clad Ikes have a bullion value of .25, how long before they are worth more than a dollar at the rate we are going? Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 04/08/2011 4:56 pm Time to go trade my melt value JFK 90%s in for quality Walkers now that they are worth the same. Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 04/08/2011 4:57 pm 4cents away from hitting $41 Report this Post to the Staff
Coinstar Pillar of the Community United States 1510 Posts	Posted 04/08/2011 5:04 pm when it hits 50 then I will sell Retired USAF 1983-2003 Report this Post to the Staff
stewart Pillar of the Community United States 1126 Posts	Posted 04/08/2011 5:16 pm Billie, Clad Ikes have a bullion value of .25, how long before they are worth more than a dollar at the rate we are going? There is a large amount of copper in a clad Ike. And back a few months ago when JP Morgan Chase very quietly bought up about 70% of the London Exchanges physical copper with the intent of opening a copper exchange along the same lines as the Silver Exchange. And given their track record for manipulating markets They Might (Do not know for sure) have the intent of manipulating the price of copper in the up direction instead of like they did with Silver where the objective was to hold it down. It might not take a clad Ike to be worth a buck or more That would be great. Report this Post to the Staff
upstate Pillar of the Community United States 3283 Posts	Posted 04/08/2011 5:23 pm I'm crying because I'm trying to build a walker set. Report this Post to the Staff
Flook Valued Member United States 172 Posts	Posted 04/08/2011 5:26 pm also crying :(.....trying to build my 1 oz silver rounds from around the world collection......getting hefty at spot + premium Report this Post to the Staff
VisigothKing Pillar of the Community United States 4778 Posts	Posted 04/08/2011 5:30 pm Crying...wanted to buy some nice-looking morgans Report this Post to the Staff
SPQR Valued Member United States 327 Posts	Posted 04/08/2011 5:33 pm Silver at 40/ounce, copper at 4.47/pound, Nickel at 12.48/pound. Sounds great, right? except, ummmmm, Oil closed at 113/barrel, Gas is $3.50/gallon on average, and you really need to go grocery shopping with your wife to see what this is doing to our buying power. It now takes $1.44 to buy what a Euro does. Kiss goods from Europe goodbye for awhile. We are within 10% of being at par with the Swiss Franc and the Canadian and Australian Dollars. All three of these currencies were around 2:1 in the USD's favor a few years back. Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 04/08/2011 5:37 pm stewart, so you are saying that I have to finish all my copper sets (LMC, LWC, IHC, Large Cent) soon ? AND we all should hoard all the copper pennies ? Imagine copper at $10/oz.... Edited by SA4H 04/08/2011 5:39 pm Report this Post to the Staff
Yinzi50 Pillar of the Community United States 716 Posts	Posted 04/08/2011 6:28 pm I am half crying and half laughing because I sold a lot of silver at $19 to 20 range and still have some. Report this Post to the Staff
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