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 Replies: 8 / Views: 1,425 |
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Pillar of the Community
1283 Posts |
There is a bigger coin auction tonight with lots of junk coins that maybe had for under spot. I am relatively new to this silver game but I'm not going to lie watching silver decline everyday makes me nervous. What are you guys thinking? I mean will silver really get back in the $20? So really I guess my question is would you go buy junk silver right now? Thanks for the help   |
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Pillar of the Community
United States
1817 Posts |
Throwback kid: buy at whatever level you feel most comfortable with irrespective of the spot price. You will always have a pm worth its intrinsic value. I stopped buying junk silver @$25, ASEs around $30, and finally uncirculated 90% around $36/oz. I stopped not because of the pricing, the availability of such material was limited. Once upon a time, the typical investor looked at the spot price once or twice a month, not once or twice an HOUR, as this last run up had most people doing. Silver definitely needs to stabilize for awhile, and I am tired of sitting on the sidelines.
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Pillar of the Community
 1283 Posts |
Thanks Biz, it just feels weird that I was paying almost $9 for a quarter last week now I am struggling to want to buy them at $6, seems odd. I bought a couple ounces of scrap gold last week to diversify myself, plus I got a deal. Anyway thanks for the help I do appreciate it.
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Valued Member
United States
58 Posts |
I agree buy what and price you like. I personally like Morgans and bought one that was rough today for $29. I will carry it around in my pocket for a while and it will make me smile. Usually somebody will see it and ask questions and who knows you might make a new friend. Buy what you like has always been my method.
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Pillar of the Community
United States
2661 Posts |
Good luck bidding! Around here I have found idiots willing to pay 3 to 4 times a coins value.
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Pillar of the Community
1283 Posts |
Over 600 morgan's sold tonight for around $36-39 unreal when spot is $26, ASE still bringing $45-47 each. I managed to score 100 Franklins at $11.75 each which was under spot and a 1/10 gold eagle for $150 so I guess I am happy with my buys. |
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Pillar of the Community
United States
505 Posts |
Quote:
unreal when spot is $26 ? |
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Pillar of the Community
1283 Posts |
Sorry, the silver content in the dollars was $26.
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New Member
Australia
9 Posts |
My thoughts as a noobie on this Forum are buy as much Silver as you can get your hands on.With the pullback at the moment its a good buying opportunity,I dont think it will stay down for long.I bought right up to 48.00. And will still buy.Todays price will seem cheap down the track a bit.
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Replies: 8 / Views: 1,425 |
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Posted 05/05/2011 10:56 am
