Silver Passes $40 Are You Laughing Or Crying?

Well, that's a great part of collecting PMs. The form that we choose can be quite varied. A lot of the bullion coins out there are very attractive and collecting and looking at them is an interesting hobby. For me, bars work well for the bulk buys but ASEs, Morgans, and 90% US silver coins work well for the small change.

Or, like me, their silver collection is their financial insurance and not to be sold unless dire circumstances require it.

well when this thread was started I wasnt even involved yet. A year later after entering in the the low 40s and watching it dip to the mid 20's, I've been stacking up as much as I can....so I'm crying right now if it gets over 40...i want more. But I think were gonna see a small consolidation before it climbing up again. I think I may have to check out some tech charts, try and figure how to read them and then figure out the moving averages and resistance lines to see when my next sell point will be. Obviously thinking there will be a dip to buy buy in again. You know... that whole sell high buy low thing. I'm very cautious around 42. To me that is a high point and not buying until it breaches the 50 point I think. could be headed into uncharted territory here and I'm not really sure how to play this yet. Either way, inflated adjust price for silver todate is like $32.90/oz ish so 3 or 4 bucks above that to me is where the risk and the game really begins.

I got lucky and didnt start buying untill silver was sub 35. I only really buy junk. my most expensive morgans were 30 each so I cant really complaign. if it hits 40 ill probably try selling a few of the bars that I have gotten in the past few months.

Two things, Barry. 1st, collecting bullion is more about ozs. and less about price, IMO. There could very easily come a time when having some silver or gold will be HUGELY better than not having it and where having it means the difference between making it through a terrible time or not. 2nd, you have some really nice stuff there with those silver dollars. They aren't making any more of those, so they could become quite desirable... and expensive.

Never fret because you didn't buy in at the very bottom or sell out at the very top. It is not necessary to do either of those to make a lot of money. I have bought and sold stocks, bonds, and other investments hundreds of times and made lots of money doing it. Out of all those times, I think that I sold at a top or bought at a bottom about 2 times. There's no need to beat yourself up over when you bought something. You can't change what you did and the future price of silver may very well make this a moot point anyway. If silver were to go to $1000 an oz., would any of us really care what we paid for it? Probably not.