Silver getting creamed..

[Roxi]

Can someone post some good places to buy Silver? Also, what is the best "kind" to buy in your opinion? cheers

Im in Canada in that matters.

we buy from APMEX mostly I like how their packages are completely vague so no one knows it has silver or gold inside .... My personal preference are bars or coins... just make sure it is .999

 

[peacepotpaul]

I meant 1:20 gold to silver ratio. If you're selling your silver now, you're a loonie.

I got about $21 an ounce, I'll buy it back during the summer if it's under $17 out the door.

 

[Athan]

Gold holding weathering the storm better, but silver is currently less than 17.50. I'm looking at the 90 history of silver, and if you draw a line from previous lows, you can see an uptrend in higher lows. And we're approaching that right about now...
BUY BUY BUY

Sweet! Time to buy!

 

[Uriel999]

So what do ya'll think will happen to silver prices Monday? Will it continue the downward trend or go up?

 

[jclay2]

So what do ya'll think will happen to silver prices Monday? Will it continue the downward trend or go up?

Completely depends on the markets. If people are worried about europe collapsing and a double dip recession, expect silver to get slaughtered. Otherwise, probably will trade at or near current levels and head slightly higher. My opinion is worth a grain of salt, though. Just another pundit hear betting on red.

 

[Southron]

I am so tempted to buy silver this weekend after the dip.

 

[tpreitzel]

I am so tempted to buy silver this weekend after the dip.

Agreed.

Over the long term, investing in PM is better than speculating in them. Both motives have their uses, but one should look FIRST to preserving wealth.

 

[DFF]

Last time someone told me about a head and shoulders pattern in the metals market, I used my head on my shoulders and bought some more.

Wait and see if the pattern completes. Then you can buy silver at a discounted price. Probably $2 less than now.

 

[Rael]

Looking over the ampex site. I'm a bit confused by all the choices. should I get american silver eagles or some other coin? I just want to buy a few so I can say I finally started investing

 

[Southron]

Looking over the ampex site. I'm a bit confused by all the choices. should I get american silver eagles or some other coin? I just want to buy a few so I can say I finally started investing

American silver eagles are a fine choice imo.

I would buy them in rolls of 20 if I could, as they come in cases.

Also, if you are prepared to hold them for a long time then you need to be prepared to weather the lows and not panic and sell.

If you are interested in making some quick $, I'm sure there are others here who could better advise you.

 

[JosephTheLibertarian]

Gold holding weathering the storm better, but silver is currently less than 17.50. I'm looking at the 90 history of silver, and if you draw a line from previous lows, you can see an uptrend in higher lows. And we're approaching that right about now...
BUY BUY BUY

Why, because you plan on selling?

 

[Wolverine302]

Why, because you plan on selling?

Um, do you just get silver because it looks pretty?

 

[JosephTheLibertarian]

Um, do you just get silver because it looks pretty?

Nope, but sometimes I suspect you guys make speculation so you can sell for more $$$. That happens in the stock market, why not in PM?

 

[Wolverine302]

Nope, but sometimes I suspect you guys make speculation so you can sell for more $$$. That happens in the stock market, why not in PM?

because this isnt a pink sheet stock, where volume is less than 1 million or two. three or four people that buy or sell here, are NOT going to change the price of silver, as the whole world now has a say in the fluctuation of price.

everyone is going to be a seller in PM, no one buys it never planning on selling it.

 

[JosephTheLibertarian]

because this isnt a pink sheet stock, where volume is less than 1 million or two. three or four people that buy or sell here, are NOT going to change the price of silver, as the whole world now has a say in the fluctuation of price.

everyone is going to be a seller in PM, no one buys it never planning on selling it.

I'm a longterm buyer. I just store it and I rarely even think about it.

 

[Wolverine302]

I'm a longterm buyer. I just store it and I rarely even think about it.

Great, thanks. Now I should look at my finances through your magnifying glass.

 

[JosephTheLibertarian]

Great, thanks. Now I should look at my finances through your magnifying glass.

If you want to invest more in the short term consider forex or day trading PMs are great longterm hedge against the dollar.

Buy some dividend stock if you like to buy/sell on the fly. What do you buy, ETFs? I'm talking about tangible PMs here.

 

[Wolverine302]

If you want to invest more in the short term consider forex or day trading PMs are great longterm hedge against the dollar.

Buy some dividend stock if you like to buy/sell on the fly. What do you buy, ETFs? I'm talking about tangible PMs here.

Oh i have, I pulled the trigger on these new puppies

Good day sir.

 

[JosephTheLibertarian]

Good day sir.

Silver is considered the poor man's gold.

Good day sir.

 

[Wolverine302]

Silver is considered the poor man's gold.

Stop trolling this thread, its about silver...