How Low Will It Go? Silver Down $4 Today.

True, Bonus coins are always good! =)

If by "us" you mean people who deal in 10,000 toz at a time of paper silver. We who deal with the physical are something like 1%.

Yes, I am not upset at those who are buying 2 ASE at the coin shop. Bigshots dealing in massive paper sales have indeed destroyed commodities and have contributed to the issues with the economy, although as far as the later, there are much greater concerns

As far as commodities there is a huge disconnect between the sellers of the commodities and the eventual customer. I have a lot of friends and family that raise cattle, the difference between what they sell it for and what it reaches the market at, is remarkable. Same thing with Milk, and grains.

The only one that makes any real money are the brokers, who make huge profits while never touching their commodity. Meanwhile the prices keep going up for the rest of us.

I prefer the local dealers when they really want to sell. I sometimes get a good discount. But, often ebay sellers beat them. Two things I get from the mint and I feel like I have been ripped off everytime. I get 3 Proof SAEs and the yearly Silver Proof Set.

And it doesn't help when the government just gives them money to do it again instead of letting them fail as they should. Terrible moral hazard that is going to be with this country for a long time.

, Nod.

This is a TERRIBLE message to send. Telling people that it is OK to be stupid in how they operate their business because the US tax-payers will cover any losses they have but not share in the profits from any wins they have... other than via taxes, of course... is idiotic. Poorly run companies should not only be allowed to fail, they should be encouraged to do so. We have a superb bankruptcy system. Let it work! Others will step up and buy the assets of most any failed company, put them to better use, and grow the economy instead of flailing around, losing money, time, and jobs. It shouldn't be a big secret but this is how capitalism trims its dead wood. The government version of this is to convert a nice productive orchard to all dead wood... at someone else's expense, of course.

Angel, I am picking up mostly coins to finish out albums while the physical price is down. However, it continues to be difficult to pick up any value buys.

Physical buys still seem hard to come by without a higher premium than I am willing to pay. There still seems to be a few picks on junk if you hunt them.

If you are looking at the investment side I would look at some of the November calls and a cover with low cost December puts if we see a rebound of prior price levels. With the raised margin on PM it made for a tricky market, in my opinion. Just be careful if you are buying on margins.