If silver went to 5 dollars an ounce..

[OnARoll]

If silver went to 5 dollars an ounce do you think the top precious metal sites/LCS would sell it close to that or do you think they would keep their prices at 15-20 for awhile that way they don't loose money?..It would make sense to me to keep the price somewhat high for a little while hoping that the price of silver would come up again. What are your thoughts?

 

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[drcaulfield]

You going to pay 15$ a ounce for something worth 5? I sure wouldn't

 

[FormerTeller]

If it dips that low briefly, then no, they wouldn't sell it at that price. If the price drops and stays there, for months, then yes, eventually everyone will follow suit, assuming the price is still higher than the cost of production. LCS's and precious metals sites are constantly buying and selling, and can't afford to hold forever hoping the price goes up.

 

[gsxraddict]

I would load up the gun safe, stacked full from top to bottom with silver...

 

[CoinFetcher]

Even Considering the dip today, the price diff. Between my LCs and melt is pretty dang narrow. 1.50 over. 2.5 for premium rounds.

Or provident dot com is always a good price. Apmex too.

 

[Iamrussell]

Like others have said- youd see high premiums for a couple weeks to a month but then theyd have to lower them the longer it stayed low- kinda like the last couple months
LCS in my area where charging premiums of $6 and more when spot dropped significantly and now that the price has stayed near the $22 range the premiums have lowered as well-

 

[Generic_Lad]

There is a severe disconnect between the "spot" or "paper" price of silver and what you can get the physical metal at. If it remains low for an extended period of time we would slowly see prices come down (because dealers would refresh their inventory by paying $5/oz (or less) for silver and then sell it to us at $6 or 7 an oz) but I think what we're increasingly seeing is a coordinated takedown in PM prices (perhaps not today since it seems like everything but the dollar is falling).

Why? Because there is a theory that the big holders of "paper" gold and silver have little of that in physical and more and more investors are wanting to take delivery of their metals which puts them in an awkward position. But, it is possible for them to "settle" contracts in cash, the lower they push the spot price the cheaper it is for them to settle in cash.

Of course this is just a theory and its very hard to get facts in this bizarre market we have now.

Fundamentals simply don't matter. Supply and demand have gone out the window. All that matters is what the big banks do, what Bernake does and what Obama decides he's going to regulate.

 

[D1MES_101]

I would load up the gun safe, stacked full from top to bottom with silver...

if silver went to 5$ gold would tank dramatically. i would load up on silver and gold

 

[50cent]

If silver went to $5 an ounce, there would be a New Coin Act, mandating all coins .10 and higher will be minted with 90% silver. It will curb inflation, make silver go even lower, and make clad hunters go coin roll hunting.

 

[foofighters]

If silver goes to 5 bucks gold will surely go sub 500.

If that were to be the case, I'd buy tenth of gold every week plus one or two ten ounce bars of silver.

Also amp up the half hunting.