Would You Still Buy Silver As An Investment At This Price?

Still buying, just not as much as I used to. $250 now to spend doesn't get you as many 90% dimes, quarters and halves or silver dollars as it did a year ago but I keep adding a little to the stash each month.

If youre looking for a 50% decrease,you may be waiting a long time...but at least roll hunting is fun!

Silver has had quite a run up in the past couple of years, no doubt. But it is a LONG way from being a bubble. World demand is out-running world supply and that always forces prices higher. IMHO, this is no bubble. What it is, is a price surge based on demand and the fact that commodities are all priced in dollars. The decline in the dollar's purchasing power is adding a lot of fuel to the silver price fire. Lots of people around the world are bailing out of dollars and commodities of all kinds are where that money is going. We have not seen the last of this effect by any means.

Thanks for not bidding up the silver prices, guys!

I just HAVE to disagree with the 1st comment above. IMHO, the dollar would make excellent TP, especially if you pick the older bills that have been worn until they are soft and fuzzy!

Agree with the 2nd comment, though. Back in the 1980s, market manipulation by the Hunt brothers was at the root of the silver price explosion. Today, it is a combo of a demand that is greater than the supply and the realization by MANY people that fiat paper money is declining rapidly in value that is causing the rise in all commodities. We are in a commodities bull market, folks, and it is one that could run for at least several more years.

Indeed so. The Chinese government is also buying a lot of commodities, especially gold and silver, and they are encouraging the Chinese people to do the same. The Chinese are a very pragmatic people who do not do much of anything without very well thought out reasons for it. If they are doing this, it would be wise to consider that they may know something that others do not. At the very least, they are using this to bail out of the dollar and that's not a bad idea in and of itself.

Since the poll question asked what you would do if you had no silver,
in that case I would be buying silver bullion for the long-term.

Since I do have silver at home, my answer is different. I'm buying better-date to key-date numismatic 90% Silver coins.

Why? Bullion value has surpassed (traditional) numismatic value for many common 90% Silver U.S. coins, while better-date coins have stayed in the same value range. Thanks to the rapid rise in spot price, I already have better-date coins that I purchased for less than their current melt value. If the current spot rise continues to the end of the year, a few of my low-grade Carson City Morgan Dollars will be worth more in melt value than what I paid for them. The fact that I can say "Carson City Morgan dollars" and "melt value" in the same sentence (without any sarcasm or irony) should get your attention!

Example: My most recent purchase was a 1938-D Walking Liberty Half-Dollar.
A coin that could have easily fetched $40 back when silver was $5 an ounce and bargain bins had 90% silver Halves for $2.
(in other words, a '38-D Walker was worth twenty times its melt value)

Now, every 90% Half is worth $15, and I picked up a '38-D for $40. (only 2.67 times its melt value)

If silver hits $110.67 an oz., all 90% Halves would be worth $40 and at that point I would have acquired my 1938-D for "melt value". If silver crashed back down to $5.00 an oz., the '38-D was worth $40 the last time silver was $5 an oz.
Two reasons why buying "better date"-to-"key date" silver coins is the best strategy right now, whether you have no silver or lots of silver.