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 Replies: 22 / Views: 3,449 |
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Valued Member
United States
337 Posts |
I am a coin collector, I hoard all the silver I find of course, but have never sold any of it. My goals in all of my collections is to make complete sets, and I for one am very glad to see the dip in silver right now and hope prices at the local coin shows begin to drop. I was very happy to see prices go up, because the value of what I had went up. The problem is that the value of what I needed went up too. I would rather add to my collection then sell it off for cash I didn't realize the halt the increasing prices would put on some of the things I wanted. Anyone else glad to see the turn of the tide  |
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Pillar of the Community
United States
1150 Posts |
I'm with you, however I'm glad to see it drop ONLY because I want to get more at these discounted prices.
My advice to you is to get what you want while you can because these low prices are not going to last very long!
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Pillar of the Community
United States
659 Posts |
Yeah, good riddance to $40 plus an ounce. maybe I will finally be able to get a silver eagle for my type set. believe it or not, I have never spent that much money on a coin.
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Pillar of the Community
United States
1231 Posts |
I'm not happy about it, I had just pulled out all the junk silver I had ($180 face) and was calling a few places.... and the price dropped. Guess I will hold it for a little bit longer.
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Pillar of the Community
United States
1064 Posts |
I dunno, tough call; it's down, we can buy, it's up, we can sell. Kind of a musical chairs thing, or you can just watch, and think 'I shoulda bought, I shoulda sold'. I'm actually pretty lucky: I don't have enough silver to sell when it's up, and not enough $$ to buy when it's down!
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Valued Member
 United States
337 Posts |
the best part of silver is that it dips and jumps! hold onto your coins and in a year they could be worth 2 times more when I started collecting 2 years ago silver was half of what it is now! hopefully I'm gonna dig out that Mercury dime set I was starting to work on |
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Bedrock of the Community
United States
19943 Posts |
This is a normal correction after a strong run up. I think it will consolidate and move back above $50 unless the Fed increases interest rates.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Moderator
 United States
188204 Posts |
I agree. I cannot imagine it staying down for long, so ill those holes while you can. It is already up almost $2 today.
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Valued Member
United States
384 Posts |
Just purchased some silver, now just have to sit and wait till it goes back to $50.
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Pillar of the Community
United States
797 Posts |
I am loving that it is down. I just wish it would stay down for a bit longer so I can purchase a more silver coins I need for sets before having to pay more as the melt price rises. Oh well, I am sure it will be a bumpy ride.
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Valued Member
United States
136 Posts |
I for one would like it to go back down more myself. I've bought many of the silver eagles and I've also bought silver bullion bars here and there also. I didnt think it would ever go up in price significantly and wish I had been hording a bit more than I have. When I was buying silver I was buying more or less with the mind set that I would eventually have enough volume to amount to something over time. If I recall correctly, when I was steadily buying silver as I could, it was never over $15/oz. So what I do have has significantly appreciated. If it goes back under $30/oz or lower I will be buying in significant quantities.
I am of the belief that with gold prices so high that it has priced many people, that were buying that as an investment, out of the market and they will flock more or less to silver which I hope will drive the price of it higher. It would appear that the 'Great Recession' as they are calling it now has brought some of that to fruition. I've already discussed with the wife about buying a few ounces a month or more unless it drops significantly and then it will be more than that.
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Pillar of the Community
United States
797 Posts |
...and it is back down almost $2 :)
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Valued Member
United States
493 Posts |
I don't understand how it can go up and down in price nearly $5 a day. Back in 2001 you could buy an ounce for about $5 I thought. In watching the 24 hour kitco spot silver charts, it seems to go down in price during trading hours in the U.S., then gets good support the rest of the time.
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Valued Member
United States
244 Posts |
High volatility suggests to me a speculative froth. Everyone wants to squeeze the last few percent out of the bull market, but no one wants to be left holding the bag.
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Pillar of the Community
United States
1817 Posts |
It's dragging right @ $35/oz. If it punctures that hold price, could drop even more, but that's the breaks with the PM markets. Kill or be killed is the game...
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Pillar of the Community
United States
511 Posts |
Grab silver while the dip lasts. It's more volatile than gold (thinner market), but silver is a long-term winner with Ben Bernanke creating fiat FRNs by the trillions.
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Replies: 22 / Views: 3,449 |
Posted 05/08/2011 2:51 pm
