First Page
Posted 04/27/2011 5:12 pm
I'll be surprised if the sharp rise in both gold and silver doesn't create a new 'floor' for their values that is quite a bit above pre-2009 levels. It's hard for that NOT to happen, because even if the price per ounce falls below $35.00, people will see that as a 'buy' opportunity and continue to keep it propped up. Only something dramatic or major would cause a significant panic drop at this point.
However, for those of us that don't have a lot of $$$ to invest (or risk) at one time...it has been an interesting ride. I've sold AG - G examples of a lot of silver coins for quite a bit more than they were worth and have been able to purchase much nicer examples of the same coins for just a small premium above those amounts. Along the way, I've used a similar approach to what MonkeyMan suggested to buy low and sell higher as the prices have risen...without ever holding a large amount or putting myself at great risk. Some people may be able to afford losing $1000.00 here and $1000.00 there with investment risks. Unfortunately, I'm not one of them.
However, for those of us that don't have a lot of $$$ to invest (or risk) at one time...it has been an interesting ride. I've sold AG - G examples of a lot of silver coins for quite a bit more than they were worth and have been able to purchase much nicer examples of the same coins for just a small premium above those amounts. Along the way, I've used a similar approach to what MonkeyMan suggested to buy low and sell higher as the prices have risen...without ever holding a large amount or putting myself at great risk. Some people may be able to afford losing $1000.00 here and $1000.00 there with investment risks. Unfortunately, I'm not one of them.
