$24.44/oz and dropping like a rock...

[BuffaloBoy]

Silver is really going down as we all know, that lone silver dime I found today is only worth $1.78 in silver now compared to 2 months ago when the same silver dime was worth $2.39 at $33 an ounce..

What are your opinions, buy? hold? sell?
I personally want to buy silver, but fear silver will drop more in the upcoming week...
hh
buff

 

[JSMITH]

Too bad we all didn't sell when it was $34 and buy back in now... the market is hard on those without inside information.

Silver is dangerous waters for a short term investor. Not saying you are, but I've watched a couple guys lose their you know what trying to do the above mentioned. Lol

 

[Iamrussell]

Absolutely crazy at my LCS today- a line of 15-20 deep- of course their premiums raised but not too much so I bought 4 more silver eagles- they were all out of "junk" silver

 

[kfs]

I am OK with the price dropping to $15 even $10 an oz in the short term it will crush the new comers to CRH and allow there finds to be dumped off at the local branch as opposed to smelted down and disappear forever from circulation.

Let it drop

 

[GarouLady]

I feel for me, as long as stays above 6 bucks I am ok. this sudden drop is still a bit spooky but I would love to go to the LCSs and see what the lines look like. I am buying some silver but i am not running to the stores to do so. Last week I stopped by and all their quarters were gone. they only had dimes, halves and outrageously expensive ASEs. I am buying liqueor and looking around for 22 bullets. I think its a riot that I was telling my family just 2 years ago that we needed to stock up on bullets. Everyone called me crazy that no one wants 22 bullets. Now just 2 years later, you can't a single bullet to save your soul. Gold and silver are nice and its fun to stock up on them. But I am hedging my bets and getting other material things too.

Let me know what happens.

Sincerely, Garoulady

 

[sack0silver]

$22.53 interesting

 

[BuffaloBoy]

$22.53 interesting

Yeah, it's currently down to $23.34, a $2.99 drop in one day...

Any tips on purchasing prices on silver coinage? I am considering purchasing some this evening(purchase price assuming that silver won't drop between now and then, please!)
thanks..
buff

 

[FormerTeller]

Yeah, it's currently down to $23.34, a $2.99 drop in one day...

Any tips on purchasing prices on silver coinage? I am considering purchasing some this evening(purchase price assuming that silver won't drop between now and then, please!)
thanks..

buff

The first step is to find it anywhere close to spot. I think you may have difficulty with this today...

 

[FormerTeller]

Case in point. Check out the orange banner at the top of the page...

 

[Ammonhotep]

Speculative investing has nearly zero correlation to use value. More more people guess, the more unstable and unpredictable values become. This is all sociology, not economics.

If only people would stop investing in speculative value, then available investment funds would certainly aggregate to the types of materials and businesses that provide long-term dividends.

Ah, the irony of modern economics ... er, social behaviors. Odd how the invisible hand, at times, picks up a gun and shoots itself in the foot.

-Ammo

 

[rfishoutofwater]

Just called my local pawn shop and there selling there silver for a buck over spot. Gonna stop by shortly and pick up a few rounds and junk silver. It's better than my lcs as they are selling at 6 over spot.

 

[mercury1]

If it goes below $20 an ounce, I am going to have my entire body plated in silver.. I have been patiently waiting for silver to drop so I can get this procedure done.. Then I can quit my day job and follow my boyhood dream of becoming a robotic street performer...

<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=778494"/>

Awesome. Silverman.

 

[rfishoutofwater]

Just picked up 1 roll of silver quarters. 1 roll of 90% halves and 1 Morgan all for $340. I feel I got a good deal. I hope silver drops more. I'm in it for another 20 years before I cash in so let it ride. HH

 

[StevoCBR]

Too bad we all didn't sell when it was $34 and buy back in now... the market is hard on those without inside information.

I started in Ag in 08 when it was $14, watched it's spectacular rise to $50 and burn. Had I sold 1500oz then at high prices. I wouldn't be able to replace it...period. I live in a town of over 600K people with several LCS, and they barely have 300oz between them as of several months ago. I can't find 10oz bars, and hardly anything else. just a few 100oz bars. So you got to ask your self....if I sell am i sure I can get it back. Anybody that knows anything understands the manipulation of the silver prices. If you don't have to don't sell at any price. The card game will be up soon

 

[Coppercrazy]

Hahahaha funny thing is I've only sold some of my silver when it was $32+ and never sell a cent less. Now I can buy back if I so please and I would, but that would deny my cent bankroll a ton.

 

[hotrod]

its 22.91 now
and can anyone get it for that price i went to 4 shops today and most of them had nothing and others had some but at way over spot!

 

[BuffaloBoy]

My dealer is selling silver for spot+$3.50 and gold for spot+11-16% and several 10 oz silver bars for $5 over spot... cash only.

 

[hamiddetecting]

Don't worry about that Gold and silver will be increase sooner or later.

 

[CC-Hunter]

I don't think there's much folks can do except keep on CRHing. First of all, buying for face is obviously the best way to separate yourself from any anxiety over market prices in silver. Second, as folks on here have indicated, it's hard to jump in and take advantage of the price drop in silver (and gold) because the dealers' premiums have risen so much (and the dealers' spread between buy and sell prices has grown).

Even ebay doesn't work for buyers right now - I was looking there over the last few days and junk silver is selling well over melt whereas a month or so ago you could get pretty close to melt as a buyer. If someone can find PMs close to melt there's an opportunity to stack or even flip on ebay, but that's about it.

 

[rfishoutofwater]

Finding at spot or close is tough. Silvers up to 23.49 now and moving. I paid spot plus a dollar yesterday at a pawn shop. He hated to sell but didn't want to keep loosing. So I'm ahead as if right now from what I bought yesterday. Both my lcs are sold out or holding. Good luck.

 

[JSMITH]

I don't think there's much folks can do except keep on CRHing. First of all, buying for face is obviously the best way to separate yourself from any anxiety over market prices in silver. Second, as folks on here have indicated, it's hard to jump in and take advantage of the price drop in silver (and gold) because the dealers' premiums have risen so much (and the dealers' spread between buy and sell prices has grown).

Even ebay doesn't work for buyers right now - I was looking there over the last few days and junk silver is selling well over melt whereas a month or so ago you could get pretty close to melt as a buyer. If someone can find PMs close to melt there's an opportunity to stack or even flip on ebay, but that's about it.

I got some ten ounce bars yesterday for $1.25 per ounce over spot at my LCS. The same bars on ebay are going for $5-9 per ounce over spot. I am fortunate to have an honest lcs that makes money on volume and not crazy premiums. Wish there were more like that.