$29 silver spot price! Time to invest!

[heat45]

Happy holidays, fellow stackers.

 

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[jeff of pa]

Let it Drop

I'll invest at $5.00 an OZ.

 

[Abt12]

$29 is better than it was a little while back, but I'm not entirely convinced silver isn't still overvalued. Comparing silver/gold prices to inflation makes it seem like the price will continue down for a bit, especially once fears of economic collapse subside. That being said, any time is a great time to invest in silver if you're in it for the long haul!

 

[jeff of pa]

Yes you would have to shop around yet.
Premiums probably still have it at $35, $40

 

[diggummup]

I've been buying antique/vintage sterling items at local auctions recently. I have been getting it right at or below melt value. Silver coins come in the way of CRH'ing but that's been nada lately. Junk silver coins are too high for me, online prices are still selling for a premium. I'm gonna check out my local coin show this month and see what their prices are. If I can get them at melt, I may buy a few.

 

[Red James Cash]

29 is to much, if it drops to 10 or 15 grab what you can.

 

[diggummup]

29 is to much, if it drops to 10 or 15 grab what you can.

Then it'd be time to step it up a notch! I wish.

 

[Red James Cash]

I know the feeling diggum, im lucky to be able to pay attention never mind paying out to invest in anything.

 

[Lakemonster]

Hmmmm... I rather the price of silver be high... I dont buy the stuff... I just want to sell it at a high price!

 

[Red James Cash]

Right now i wouldnt be selling any.What do you end up selling it for(fiat currency that isnt worth squat).

 

[jeff of pa]

Right now i wouldnt be selling any.What do you end up selling it for(fiat currency that isnt worth squat).

right now I get mine for free.

I "Dig" it

 

[spartacus53]

I'm just curious, what if the price plummets I really don't think it's worth the risk, but then again, what do I know

 

[fistfulladirt]

At the show I was at last weekend, I bought several nice Morgans for $24 each. My local dealer is asking $30 ea.
A dealer at the show mentioned that he probably won't see another silver price spike in his lifetime, although he is an older gent.
I've noticed that when there's a price drop in silver, all the local inventory dries up, and many online companies list "sold out" of junk 90% silver on their websites.
I'm still buying because I'm in it for the long haul.

 

[NHBandit]

I'm just curious, what if the price plummets I really don't think it's worth the risk, but then again, what do I know

Personally I hope it does go way down. I'm a coin collector, not a bullion "investor" and paying $18-$20 each for common date Barber halves to fill the holes in my book just isn't in the budget. The rise of silver prices may be fun to speculate on for those who have excess cash laying around but it's been a real bummer to us coin collectors. I suppose the flip side is that the halves I paid 4-5 bucks for a few years ago and the $8 Morgans are worth quite a bit more now but that still dosn't help me fill holes in my books.

 

[breed12]

i invest in silver i go to the thrift stores a couple mths ago i bought two silver rounds for $4.00 dollars each and other silver stuff at prices that were cheap!!! i check out the thrift stores three times a weak and i also find silver and gold at yard sales my truck auto stops at these places

 

[Red James Cash]

Thats the smart way to do it breed12. Besides what i find ,i bought my bullion back when it was 4.20 an oz. My favorite thrift store closed

 

[Cleetus]

Just buy the rounds and bars. It's not worth coughing up a couple of bucks per ounce. I would rather put the premium into another ounce or two. I get a 10 oz. bars right now here in town for $300. We have a smelter right here in town. I buy the rounds, bars, and the 90% silver at .99 cents over melt. Oh sure, I have some Eagles and Maple leafs, but mostly I go for the lowest premium I have to pay........Look at the 12 month chart for silver right now, we are only about a dollar /ounce above the one year low. We might go down to that by Wed., too. Just start buying these dips, and keep buying as long as the price drops. I think this is the last time we'll see Silver this low. 28.89 right now. The Government/Goldman Sachs Cartels are hitting the precious metals hard so the low price is artificially low. Silver is way undervalued. The can't hold it down much longer. So for now take the gift and accumulate whatever you can afford, even if it is just a little each paycheck. ..........Like I say, pull the one year chart on Silver and just look at it for awhile, this is a real buying opportunity.

 

[Cleetus]

Spartacus says: I'm just curious, what if the price plummets I really don't think it's worth the risk, but then again, what do I know ................Well if the price plummets you wait until it goes right back up, you don't lose money unless you sell at that price. Like if someone offered you $1,000 bucks for your $10,000 car, and you said, "you've got to be joking, No Thanks"

 

[savant365]

I'm just curious, what if the price plummets I really don't think it's worth the risk, but then again, what do I know

Well thank you Captain obvious!

World events dictate the price of precious metals so it's a gamble what ever you decide to do. Right now the middle east is hot bed of activity so you have to make your best guess as to whats going to happen there.

Myself...I prefer blackjack...way better odds then the stock market or the world economy. Craps is ok but I want to use my dice!

 

[blackbeard1717]

I been investing for over 8 years in silver. You can not hold any silver bars with any emotion. I bought last week 100 ounces of silver 10 10 ounce bars. $2700 bucks Sold it today for $2900 $200 profit. I will be buying up again. Silver is supposely to break out to 40 a ounce by 2nd quarter.