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 Replies: 99 / Views: 8,781 |
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Pillar of the Community
United States
1348 Posts |
Laughing. I just locked in $12k of 90% XF-MS dimes and quarters for 26x face 3 days ago. :)
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Pillar of the Community
Australia
9417 Posts |
Laughing. When silver was $19 I decided to cash in a small policy I had. By the time I got it organised the price had gone to $26. I was still able to buy 256 OZ. Now I need the Aussie dollar to fall again. Steve  |
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Pillar of the Community
 United States
2448 Posts |
Not bad billie, not bad at all. I don't really care if silver is over 40 or not. Most coins of the siver sets I'm finishing cost well over spot anyway. More importantly, I think that you'll find that the market for $40 silver has shrunk. I believe a lot of collectors are being priced out of the market and will wait till the price ebbs.  If you look at 1980, the price of both silver and gold sky rocketed then lost 25% of it's value with in two weeks. I think the budget negotiations are driving the risk factor up. Look for a decrease if the Dems and GOP actually get together on something.  |
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Pillar of the Community
United States
2734 Posts |
$40 = laughing $50 =  (symbolic 'reach' of Hunt Bros. peak) $80 =  $130 =  (Hunt Bros. peak adjusted for inflation) |
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Pillar of the Community
United States
4897 Posts |
I was wondering what the 1980 plus Inflation price was. Thank you.
I'm dubious that it will go that high. Then again I'm not that much of a speculator.
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New Member
United States
8 Posts |
  Both, I dont know whether to buy more, or sell my already sizeable collection that I bought very very cheap. I think I will wait two weeks and if the price drops I will buy if the price continues to go up I will sell. Reverse Phsycology, or not.  Edited by Slvrcrazy
04/09/2011 3:58 pm
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Bedrock of the Community
Australia
21788 Posts |
Slvrcrazy: In your case, sell. Even if the price goes up a lot more, you are in a position to realise your gains. With the current price going up so fast, there will be correction. That sort of price rise is sentiment driven. Severe price falls are also sentiment driven.
In cricket (I guess baseball too), it is better to have the runs on the board.
If you have credit card debt, pay that off. If not, stand aside until the correction passes, then take a position again. Take your time the second time around, because those who loose will be slow to get back in again, or will be slow to sell, waiting for the price to rise again.
Either way, it may be a long time before confidence comes back again. Have a look at the real estate market.
I think my comments could be fairly neutral in sentiment, because I have never been into bullion. My collecting interests have always been numismatic.
I suggest you review the price graph histories on the Net.
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Valued Member
United States
307 Posts |
My GF was complaining about seeing coins all over my desk, so I told her if Silver reaches $50 an ounce I will buy her a new purse..... Now I wish I had told her $60 an Ounce.
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Pillar of the Community
United States
505 Posts |
Quote:
I'm crying for the USD that is heading in the toilet. That's a big part of the run-up. I gotta believe gold went too far too fast and silver is catching up to where it should be.
I am happy about the run up in silver,but,Im very much afraid of whats happening to the dollar...I think very few of us have enough silver or gold to make it through a worst case scenario!! |
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Pillar of the Community
United States
4008 Posts |
Quote:
I'll be elated when copper hits $40/oz. - Scurry64 Oh, man! If copper were to hit that price level, you have to figure that all other commodities would be rocketing upwards as well. One can only imagine the horrendous impact that would have on the various national economies, not to mention the world economy. Something tells me that the effects of this would be FAR worse than most of us would care to endure. Quote:
As I said in another silver topic - I'm afraid of what the clowns in Washington are doing to the country. I don't think that the two parties could agree on how to tie a square knot, so I don't see much hope for them coming up with anything on the multi-trillion dollar deficit that we've got. - Okiepb Gotta love your avatar, Okie. The 1st thing that came into my mind when I saw it was, "Fetch! Good Boy!".  I have to agree with you about the people in charge of this place. More than once I have considered that the inmates were running the asylum. Do ANY of them really understand street economics? You know, the economics that effects our daily lives and not all that gobbledygook theory that chokes all the econ books. Uncle Ben says that inflation is 1.5%. Obviously, he never visits the gas station, grocery store, clothing store, tuition office, pays a utilities bill, or visits the doc or dentist. ALL of those things cost more today than they did last year. Some of them cost a LOT more than last year... and yet, somehow, inflation is "benign". (choke, snort!) Quote:
I am happy about the run up in silver,but,Im very much afraid of whats happening to the dollar...I think very few of us have enough silver or gold to make it through a worst case scenario! - Frazzle I have to agree with this for sure. Our economy runs on paper, so a lot of us have more of that than is good for our financial well-being. Having less of that stuff and more gold / silver would be much better for us in the long run. As to the recent price run-up in silver... I have mixed feelings about that. The 30 oz. in my small collection has done well yet it is getting more difficult to add any more to it at these prices. I suppose that I am nearing the position of waiting for price dips and then buying some. Of course, if the prices keep right on rising this strategy will back-fire.  |
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Moderator
 United States
16679 Posts |
Laughing.
swcoin.ecrater.com
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Pillar of the Community
United States
3592 Posts |
Laughing...at the guy that told me I was nuts for buying all that silver at $14 an ounce...got to admit, I did quit buying when it hit $17...ah well
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Valued Member
United States
293 Posts |
A little of both... Laughing (slightly) because I bought a lot of my collection back in the day when coins were selling around 7x face value. Crying (more) because I wish now that I had wasted less money on useless junk and dropped more into silver way back then. I was out of the hobby for many years and just started getting back into it when I inherited a couple of small / medium collections. Silver was around $16/oz then and I started buying a little at a time again, thinking that I'd really add to the collection once it dropped back down. I really wish I had just fleshed out a lot of my collection then instead of waiting. Now I can't afford to add more than a couple of coins at a time. |
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Valued Member
Canada
442 Posts |
Is anyone still buying at these prices? Thinking of picking up another 5 grizzlies. Man, so hard to hit the buy button after months of cheaper silver
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Pillar of the Community
United States
3592 Posts |
vinnycoin,the price is going up because they are still buying
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Replies: 99 / Views: 8,781 |
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Posted 04/08/2011 11:29 pm
