Silver is on sale!

[airborne373]

Just picked up 20 Silver Maples for $27 a piece from my local coin dealer. I always buy local to save on shipping and premiums. The dealer I use charges $1 premium for Silver Eagle and $25 for Gold Eagle and spot on one ounce Krugerrands.

 

[Steven Douglas]

Do I listen? Nah, I'm not a trucker. I always give 'er the gas on the downgrades, and decelerate on the upgrades. And brakes? What brakes?

Of course I'm buying. Never stopped.

 

[Brian4Liberty]

Thinking about 2012...how much will the Euro deteriorate vs. the US Dollar? I am thinking that a strengthening dollar may result in lower prices for metals next year...

 

[cubical]

Thinking about 2012...how much will the Euro deteriorate vs. the US Dollar? I am thinking that a strengthening dollar may result in lower prices for metals next year...

The ECB is printing, which will stabilize the Euro(contradicting statement?), the US and the Euro will race to the bottom I am sure, but the US has the advantage of being tagged as a "safe haven" for now.

 

[ronpaulfollower999]

Just loaded up on junk so expect another drop tomorrow.

I really do prefer to wait these things out but it's hard to get silver when it hits bottom.

 

[Steven Douglas]

I really do prefer to wait these things out but it's hard to get silver when it hits bottom.

A lot of people don't realize that as a dynamic, but that's exactly right. Silver is a lot easier to catch while it's in motion, and has momentum.

 

[Arklatex]

Just purchased a roll of my favorite coins!

 

[Gideon]

Just picked up 20 Silver Maples for $27 a piece from my local coin dealer. I always buy local to save on shipping and premiums. The dealer I use charges $1 premium for Silver Eagle and $25 for Gold Eagle and spot on one ounce Krugerrands.

You are the BIG winner!

With Ag at an average of $35/oz. for 2011, you hit the fire sale.

I will be shocked if anyone gets a better bargain than you did, on the retail end.

 

[Danke]

Just loaded up on junk so expect another drop tomorrow.

I really do prefer to wait these things out but it's hard to get silver when it hits bottom.

Ya, this downward trend is my fault as i recently plugged PMs.

 

[youngbuck]

Eastbound I-70, on it's way into the Denver metro area, several miles before C-470.

 

[Jandrsn21]

EXK all I can say! Fundamentals are very sound and it allows one to day trade like none other! I've got the blinders on and I'm making some trades with this one!

 

[heavenlyboy34]

Which vendor is the best? I'd love to get me some more silver!

 

[Seraphim]

The one that takes cash on the spot and gives you a market balanced price .

Which vendor is the best? I'd love to get me some more silver!

 

[Freedom 4 all]

Bought a bunch of silver at $39 and feel like a fucking moron right now. Part of me wants to buy more, but the other part worries it will go down to like $5. This drop makes no goddamn sense. Fiat is devaluing at the same rate it has been in the past when silver was soaring. What gives?

 

[cubical]

Bought a bunch of silver at $39 and feel like a fucking moron right now. Part of me wants to buy more, but the other part worries it will go down to like $5. This drop makes no goddamn sense. Fiat is devaluing at the same rate it has been in the past when silver was soaring. What gives?

I have a feeling the $10 you lost and especially the $5 you fear you may lose now will be insignificant 5 years from now.

 

[Gideon]

Bought a bunch of silver at $39 and feel like a fucking moron right now. Part of me wants to buy more, but the other part worries it will go down to like $5. This drop makes no goddamn sense. Fiat is devaluing at the same rate it has been in the past when silver was soaring. What gives?

At the time you bought it, $39 was a good price.

I sold some silver last week for $30 an ounce. For the buyer, that was a good price, but not so much for me. Get it?

Ag is back up to $28.50 spot, so I would not wait around for $5 if you are thinking of exchanging those FRNs for the white metal.

 

[Freedom 4 all]

I have a feeling the $10 you lost and especially the $5 you fear you may lose now will be insignificant 5 years from now.

You're probably right and I am not about to jump the silver ship any time soon. I always saw it as kind of like betting on horses. Precious metal is an overall strong horse that is doing a bit poor lately. Fiat is a horse that is suffering from some kind of horribly degenerative disease and is bleeding from several open wounds that are left untreated. For a long race, the smart choice is obvious. It's just kind of scary to see the market and PMs go down at the same time. That's something that seems to go against the grain of everything I understand about economics.

 

[devil21]

Bought a bunch of silver at $39 and feel like a fucking moron right now. Part of me wants to buy more, but the other part worries it will go down to like $5. This drop makes no goddamn sense. Fiat is devaluing at the same rate it has been in the past when silver was soaring. What gives?

You havent lost anything until you sell. Just hang onto it. On a positive note, if it did go back to $5 it would probably mean that Ron Paul won the presidency

Equities and PMs pretty much always move together since they are both hedges against the dollar.

 

[MRoCkEd]

I had a dream last night that Peter Schiff sold his silver but was still pumping it up on CNBC. "It's only a temporary drop because I sold my silver!" lulz

 

[Brian4Liberty]

Bought a bunch of silver at $39 and feel like a fucking moron right now. Part of me wants to buy more, but the other part worries it will go down to like $5. This drop makes no goddamn sense. Fiat is devaluing at the same rate it has been in the past when silver was soaring. What gives?

Did you go all in at that time? Best to spread it out so you have some cash to invest when the big sale happens, like it did last week.