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 Replies: 16 / Views: 3,006 |
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Valued Member
United States
487 Posts |
*** Moved by Staff to a more appropriate forum. ***Just a thought on what is taking place in the silver market. With Fridays price closing at over $40/oz., and the high premiums attached to finer bullion i.e.(ASE, Maples, Kookaburra....). I am finding it harder to purchase silver due to economic conditions we are facing in this economy. A part of me is hoping for a breather in the price spikes so as to increase my position in the "Poor Mans Gold". Do the members here at CCF have any thoughts?
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Pillar of the Community
United States
3345 Posts |
If you roll search for silver you don't find as much, but you don't lose anything and you rejoice
when the price goes up!
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Valued Member
United States
314 Posts |
Because of our economic conditions, you should find it easier to purchase silver. Has anything changed that caused it to rise this far? No, it's getting worse.
We may see a bit of a pullback now that the Govt has chosen not to close. Some of the recent run up I feel was speculation based around that. But the reason for
wanting to hold physical silver has not changed.
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Pillar of the Community
United States
632 Posts |
Whats the "poor mans silver"? ;)
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Valued Member
United States
294 Posts |
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Whats the "poor mans silver"? ;) Cupro-nickel  |
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Pillar of the Community
United States
1064 Posts |
It's speculation, same as oil; if you have some money, buy for the long haul, I don't see how you csn go wrong. You just have the stomach to saty in!
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Valued Member
United States
277 Posts |
The poor mans silver is copper
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Pillar of the Community
United States
2734 Posts |
Quote:
Because of our economic conditions, you should find it easier to purchase silver. The local coin shops are selling silver (especially ASE's) like bags of ice in the desert. I was in a shop for ten minutes and three different people bought bullion ASE's. |
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Pillar of the Community
United States
632 Posts |
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The poor mans silver is copper Exactly! :) |
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Valued Member
United States
187 Posts |
At this time I have stopped buying or collecting silver coins, because of the price. Between 1999 and 2004 I purchased most of the coin collection I have now. That is when silver was $6.00 to $8.00 an ounce. Just an an example, I don't want to spend $42.00 for a silver eagle that I previously bought at $9.00. It is a two edged sword for me. My coin collection has increased by 300 percent or more, but I just cant justify paying the current market prices to further my collections.
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Pillar of the Community
United States
1691 Posts |
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Pillar of the Community
United States
1348 Posts |
Silver will have its "dips" it will drop a $1 here and there. When you wake up and the market is down $.80 don't fret, buy!
Disclaimer: I know nothing about silver and I will not accept any responsibility for your huge loses in the future. I will on the other hand accept any donations for those who strike it rich.
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Valued Member
United States
188 Posts |
I think it is still a case of dollar cost averaging. My "gut" tells me we are still going to see a fairly large gain in price.
I am debating whether or not to sell my larger items. (larger than 1oz).
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Valued Member
United States
52 Posts |
Today I just got 7 silver quaters and 15 mercs for only $50! :-]
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Pillar of the Community
United States
1081 Posts |
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It's speculation, same as oil; if you have some money, buy for the long haul Personally, I wouldn't recommend buying precious metals over the long haul. It's good to have some to keep diversified, but they are fair volitile and unpredicitable. In the early '80s, more than 30 years ago, there was a huge run up on gold, then a crash. The trend was generally down or neutral until the turn of the century where it started going up very quickly. I would find it very hard to believe the prices will stay where they are or go up significantly from here. If you were to have "invested" in gold in 1979/80 it would have been worth about the same in 2000, not much of an investment and due to inflation and the time value of money, you probably lost money. |
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Pillar of the Community
United States
4008 Posts |
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At this time I have stopped buying or collecting silver coins, because of the price. Between 1999 and 2004 I purchased most of the coin collection I have now. That is when silver was $6.00 to $8.00 an ounce. Just an an example, I don't want to spend $42.00 for a silver eagle that I previously bought at $9.00. It is a two edged sword for me. My coin collection has increased by 300 percent or more, but I just cant justify paying the current market prices to further my collections. Current prices often look high when compared to historical prices. This exact same idea has kept be out of the gold market since gold was $250/oz. Look at it now. That $42 ASE might look real good to you if silver hits $80/oz. or more. Just sayin'. |
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Replies: 16 / Views: 3,006 |
Posted 04/09/2011 11:47 am
