| Author |
 Replies: 51 / Views: 5,520 |
|
Pillar of the Community
1283 Posts |
I don't know if it is just crazy but I am buying into the slide. Sunday night I bought a Engelhard 10 oz bar for $490 at the time a good value. And tonight I got a guy off of ebay to sell me 4 rolls of 1964 washington's for $265 a roll. I just can't believe how many doom and gloom outlooks there are concerning silver lately, the total opposite of last week. Anyway, I guess I am saying "My name is Kyle and I am a buyer."  |
|
|
|
Pillar of the Community
United States
737 Posts |
I'm right there with you buying. Just a little less per my budget, but still buying.
|
|
Valued Member
United States
71 Posts |
I too am buying into the pull back. Bought a decent amount from APMEX on Monday, now I'm checking ebay for potential deals. I see this silver slide as a buying opportunity and nothing else! |
|
Pillar of the Community
United States
3670 Posts |
My 60th oz. of silver arrived today     , via a 1 oz. silver round Buffalo, so I am still buying.... Even though I now plan to close the gold/silver ratio, via adding a 1/10 Gold Eagle next which I am currently saving for, which would get me just over 15 grams, or real close to a half oz. of gold. I would like to keep buying gold for a while until I get to an oz., then I would still be at 60 to 1, and would much prefer at least 20 to 1.... However, if silver breaks below the 40 Mendoza line, and falls to 30 even for a bit (something I really doubt personally will happen, so it probably will, lol), I will be forced to make some larger silver purchases.... My name is Kevin, and I am a silver-holic..... Edited by Silverhawk74
05/04/2011 12:00 am
|
|
Pillar of the Community
United States
1080 Posts |
totally buying. Was hoping the price would slide a little so I could buy more on my budget. (but then, I'm not buying exclusively as an investment)
|
|
Pillar of the Community
United States
648 Posts |
|
|
Valued Member
United States
309 Posts |
hopefully in the 30's this week.
|
|
Pillar of the Community
United States
1450 Posts |
I have not bought yet but probably will tomorrow or Friday. I want to let the dust settle and survey the landscape before I buy more. If support holds at $41 today I will buy on Thursday morning.
|
|
Valued Member
United States
384 Posts |
Not really. If it goes ever goes below 25 I'll buy more, otherwise I think I am fully stocked for now.
|
|
Bedrock of the Community
United States
10982 Posts |
Quote:
I am the only one buying into this slide? Heck no! I picked up about 50ozs last week for $2K. At the time it was 15% under melt but this week has been down. I'm cost averaging and now have about 500ozs at a little over $30/oz. $40 was my limit but I did pick up about 10ozs this week after selling some of the generic stuff I didn't plan to keep anyway. One of the coolest pieces out of the 50oz lot was this 2007 Panda proof. I've never had one before.   |
|
Pillar of the Community
United States
3670 Posts |
Great Panda, I have the basic 2011 version. I see yours is 2007, and I bet it would already bring a nice price over spot on ebay, being a proof and all.... |
|
Pillar of the Community
United States
2049 Posts |
I buy a little each week even if only a small amount, so yes. :)
|
|
Pillar of the Community
United States
4008 Posts |
I still have not received my last order from APMEX, so will not be buying from them for a while. Not sure why the delay but it is irritating not to have my order shipped on the estimated shipping date. Am checking into alternate suppliers and prowling the local coin shops for something interesting. Am not so much buying into the pull-back as buying routinely and there just happens to be a pullback at the moment.  |
|
Bedrock of the Community
United States
10982 Posts |
Although at a faster pace, reminds me a little of spring 2008 when gold first broke through $1,000 and then dropped to $700 a few months later. A lot of people panicked and it took almost a year to get back to $1,000. Whether or not silver holds $40 this spring, it will return to $49 and well beyond - you just have to be patient.
|
|
Pillar of the Community
United States
3592 Posts |
I bought until it hit $18, so no, I'm not buying on this slide |
|
Pillar of the Community
Canada
3692 Posts |
So many times I've seen gamblers ante up more and bet more out of greed and pure speculation but that behaviour is plainly obvious even to the players. Ultimately, trying to dig yourself out of a hole is counterproductive. Have a definite plan before entering - if not you're letting your emotions take hold in a business situation. People have boundaries and they'll make others respect them and this applies to economics as well. In my opinion, you can't be a numerologist and claim to be a mathematician simultaneously.
Edited by Libertad
05/04/2011 07:36 am
|
| |
Replies: 51 / Views: 5,520 |
Posted 05/03/2011 11:39 pm
