Silver Spot

[crhstreetwalker]

Just curious to everyones thought on the price of silver and where it is going. It kind of looks like it's slowly tanking. All I hear is how it's going to explode with our economy the way it is, our $15.8 trillion debt and inflation etc.

 

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[The Jersey DEvil]

There's a lot of silver market reports out there. Just google it or read the daily articles on coinflation.com or silverseeker.com for examle. The market is purposely being manipulated right now. All the big time investors, millionaires & billionaires are selling their silver, flooding the market & dring the price down. Then when the price gets low enough they will buy it all back, causing a need supply & demand affect, which in turn will drive the price up. Some reports say as high as $200\oz. But all this will slowly happen within a 5 year time span. At least this is how I understand & interpret it. I also speak to a Rep from Monex & he gives me the inside scoop. So I'm into silver investing for the long run. Its a long term investment & if you are very patient & hoard & not sell now it will pay handsomely in the not too far future.

 

[Piledriver]

Check out "Ranting Andy" and "Zerohedge".

 

[Terp08]

Going to fall below $30 and hit support at $28.XX. Whether that sparks a large amount of buying and the price shoots up or it initially jumps up until people sell off again at $32.XX remains to me seen. Too much manipulation in the market to predict anything for sure.

Sucks it so low, trying to sell bullion stuff to buy graded and graded premiums dont go down when silver price does but the amount people will pay for bullion does....

 

[sack0silver]

I wouldnt mind it getting into the 40s again for a few months so I can take some profit, I think it is most likely that in that instance there will be a pull back into the mid 30s allowing a buy back.

 

[tkessler77]

With silver going down the prices are low at gainsville coins. Silver eagles are $33 each. $660/roll. $16500/box. What does everybody think about the new 2012 reverse proof eagle? Will it go over $200 like the previous reverse proofs?

 

[CubanHunter]

The fact is that no one knows what is going to happen. The market is manipulated and very volatile. It can be $30 today and $8 tomorrow. The people you see telling you that is going to get to $10000 an once are usually sellers people that sell silver, there are a lot of people like this in the blog community and in youtube. There are also a lot of people trying to scare you about economic doom etc so you buy from them. My advice: do not believe everything you read on the internet.

 

[blkcwbyhat]

I'm a buyer at recent prices.I'm buying old beat up halves on feebay at 13 each or so

 

[TimZim]

The lower it gos the more i will buy. And the lower it gos the less guys will hunt rolls!!!

 

[Marchas45]

This is the time to buy; I see it going down again tomorrow so the Big Bank Manipulators can get their stash before the Paper Market collapses. Then Kaboom! I believe it will take off.
The big banks had a closed door meeting with the Fed and their leader Ben Bernanke and after the meeting the spot price dropped, a co instance? I don't think so.
This weekend will be a big buying binge for me and I'll be buying from a few people I know for under spot as they are running scared. Stack! Stack! Stack!

 

[goldhungry]

Im with you Marchas, stack stack stack !

 

[usandthem]

I'm still stackin', but then I'm always in stack mode. I picked up a couple of ounces today at $17.50 an ounce.

 

[Marchas45]

Now That's Cheap!!

 

[namster]

Last week I picked up 5 oz for $11

 

[Bigheed]

22 keepers!

 

[sack0silver]

The lower it gos the more i will buy. And the lower it gos the less guys will hunt rolls!!!

Buy? Just go to 80 boxes a week and you are set

 

[agme]

Buy? Just go to 80 boxes a week and you are set

Not always! lol

 

[Marchas45]

That's how I started in silver, buying boxes now I buy the real thing as I got tired of skunks and time is of the essence right now and yes it costs more. I just bought 3 rolls of AE's for $661.00 a roll, shipped this afternoon and I may buy more if the price keeps going down. Great time to buy