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Silvers Goin Down

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Valued Member

United States
103 Posts
 Posted 05/16/2011  3:43 pm Show Profile   Bookmark this topic Add Rbethell11 to your friends list Get a Link to this Message Number of Subscribers
Down to 33 today - any chance itll dip below 30 before the week ends....

BQ - are you happy or sad...
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mitchhailey's Avatar
United States
1150 Posts
 Posted 05/16/2011  4:15 pm  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
This is sweet! I'm hoping it drops to 30 so I can buy some more rolls of silver eagles.
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rachums107's Avatar
United States
3345 Posts
 Posted 05/16/2011  4:16 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
Im not buying until its less than $20
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junior e's Avatar
United States
931 Posts
 Posted 05/16/2011  4:39 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
Let it drop. I'm saving up.
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Lion4Life's Avatar
United States
370 Posts
 Posted 05/16/2011  4:42 pm  Show Profile   Bookmark this reply Add Lion4Life to your friends list Get a Link to this Reply
I'm looking to buy so I hope it keeps going down.
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JackB's Avatar
United States
1064 Posts
 Posted 05/16/2011  4:48 pm  Show Profile   Bookmark this reply Add JackB to your friends list Get a Link to this Reply
I'm guessing this is very good news for those that would like to buy; consensus seems to be that it will go up! I mean, what doesn't, besides salary?
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SDcoinguy's Avatar
United States
2424 Posts
 Posted 05/16/2011  5:11 pm  Show Profile   Bookmark this reply Add SDcoinguy to your friends list Get a Link to this Reply
well. it may seem good now. I would hold on until the US decides what to do about the debt ceiling. we already passed it today. now the gov. is putting an extension until Aug.2. things are not looking good for the dollar. and we all know what that means for PM;s
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mycrob's Avatar
United States
2602 Posts
 Posted 05/16/2011  5:26 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
I am truly astonished that we passed this critical deadline today on the debt ceiling without a resolution and it doesn't phase the markets at all. This is truly amazing times we live in.
Valued Member
United States
362 Posts
 Posted 05/16/2011  5:49 pm  Show Profile   Bookmark this reply Add ICanSeeYou7687 to your friends list Get a Link to this Reply
i bought a roll of silver eagles a while back at 42$ an ounce, along with a couple of other ounces.

And yesterday I bought a gold eagle proof at 175$, and 10$ face in walking liberty's, and 10$ face in Mercury dimes.

I am fairly confident that silver will shoot back up in the next 5 years, so I'm not too worried, my profits will just be a little less.

Part of me wishes I waited, but I'm not worried, however low it goes, it will go back up at some point, I'm in no hurry to sell ATM.

If it does get close to 20$ an ounce, I will prob buy a little more, haha
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VisigothKing's Avatar
United States
4778 Posts
 Posted 05/16/2011  6:27 pm  Show Profile   Bookmark this reply Add VisigothKing to your friends list Get a Link to this Reply
come on, fall below $20, I'm still waiting...
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BuffaloBonehead's Avatar
United States
333 Posts
 Posted 05/16/2011  7:34 pm  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
I'm buying on the way down. There is a good chance that those of you waiting will be disappointed and unable to buy physical silver when the price continues to decouple from the price of paper silver.
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DNA's Avatar
United States
2734 Posts
 Posted 05/16/2011  9:00 pm  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply
Just like in the fourth quarter of 2008, the paper price is falling while physical silver is in record demand.

junior e:
ASE's selling at $10 over spot on eBay
Apmex has no Silver Eagles to sell
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BuffaloBonehead's Avatar
United States
333 Posts
 Posted 05/16/2011  9:46 pm  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list Get a Link to this Reply
The ebay price is deceptive because of a promotion going on which takes off 10% of the final price for the buyer. In any case this means that instead of $44, they are going for $4. When the seller takes off his fees he is selling for less than $44. Additionally, we are in a falling market. We have an observation bias towards past prices on e-bay, and because of the way bids are made ahead of time there is a lag where the price of silver stays higher on ebay for a little while after the drop in silver. In a rising market, people can always bid more, but in a falling market people can't retract bids to reflect a lowered paper price.

The prices on ebay don't seem to be too far away from a normal premium over spot when the above factors are taken into account.
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IHPO8S's Avatar
United States
374 Posts
 Posted 05/16/2011  10:36 pm  Show Profile   Bookmark this reply Add IHPO8S to your friends list Get a Link to this Reply
i was buying at 30 so if it falls below I will start buying again. I did by 20 kooks at 40 dollars but they carry a premium over the silver value.
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/17/2011  8:58 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
OK, so silver is $33 an oz. Anyone seen any ASEs for sale for less than $41-42 each? I haven't. :-/
Valued Member
United States
284 Posts
 Posted 05/18/2011  3:17 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list Get a Link to this Reply
ebay is seeing a delay because people are bidding early on auctions based on the price of silver at the time the bid is placed. Silver drops in price? Too late! Your bid is already in. When I search ebay now I look at auctions closing within 24 hours or less. Most bids are up too high already.

I also see 30 day auctions that were listed based on silver prices 30 days ago. BINs and 0 bid lists of ASEs at $50+!

-- Boris
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