something I don't understand when buying silver....

[Steven Douglas]

I think I found out why Silver is dropping:

http://www.thestreet.com/story/11511461/1/fate-of-silver-lies-in-investors-hands.html

Basically, recently the World Silver Survey 2012 was released and it said silver supply was outpacing fabrication demand (industrial demand). Obviously a bad thing for silver...and it's really rattled the silver markets.

But a good thing - music even, sweet sweet music - to my buy-only ears. Pity only those who were looking at silver as an actual investment, just one more speculation vehicle for a short or near-term payout.

World Silver Survey, COMEX, JPM et al, I kiss you, I hug you, I love you for buying me yet more time. Thank you!

 

[Carson]

I think I found out why Silver is dropping:

http://www.thestreet.com/story/11511461/1/fate-of-silver-lies-in-investors-hands.html

Basically, recently the World Silver Survey 2012 was released and it said silver supply was outpacing fabrication demand (industrial demand). Obviously a bad thing for silver...and it's really rattled the silver markets.

I was kind of thinking that people have been listening to the concept that inflation is sucking the life out of the economy and are allowing some deflation to get it moving again.

I started seeing all of the commodities start on a downward trend about a week back. At least that is what it looked like to me. It could be wishful thinking.

Anyway if they did listen, and it does turn things around, this trend could continue up until the election.

If you have never owned any silver I wouldn't let this down turn stop me from buying. Some would look at it as an opportunity to buy a little at a time all of the way down. It may not be as fun as playing the market as it takes off back up but you will still be in the game.

You really can't make any money at it anymore. For one thing most dealers that are commercial have to charge a premium when you buy. Then they charge you another when you sell. Then even though you may get twice as many dollars as what you paid, they will be worth half as much through inflation. Now that you a have doubled your number of dollars, the government, that has been fueling the inflation, thinks you own them capital gains taxes. Taxes on false profits.

Still it can be a way to sock some money away that sort of keeps up with inflation. Silver is a commodity. It and the other commodities have been running pretty stable with each other for a long time. Even when they took the dollar off of the gold standard the commodities have held their value with each other.

Back in the sixties gas was about 17 to 20 cents a gallon. It still is if you use those same silver coins we used back then.

I just paid about 4.25 a gallon my last tank. If you look on this Silver and Gold are money it comes out 22 cents. Last week when I bought it, it was at 20 cents.

http://www.silverandgoldaremoney.com/

Anyway it couldn't hurt to have a little socked away just for the educational value. TomtheTinker mentioned old silver coins. I think I would stick to coins I could still read the date.

P.S. I thought maybe I should add a disclaimer. I'm not saying people like you watching the markets can't get a break and beat the system. What I meant was that if you just have some setting around year after year it will remain what it is; silver.
The dollar will remain what it is. A tool of fraud and will be something that is changing in value.

 

[Seraphim]

This far from a complete explanation.

Have you not noticed that virtually every stock market is down A LOT in the last 10 days or so?

This is a FEAR trade environment and MANY asset classes are being liquidated. If this turns into a 2008 crash style event, expect silver to drop to about 20$ (16-22?)....but good luck getting physical silver at those prices.

The big boys are buying physical silver EN MASSE on these price drops.

I think I found out why Silver is dropping:

http://www.thestreet.com/story/11511461/1/fate-of-silver-lies-in-investors-hands.html

Basically, recently the World Silver Survey 2012 was released and it said silver supply was outpacing fabrication demand (industrial demand). Obviously a bad thing for silver...and it's really rattled the silver markets.

 

[psi2941]

U should only pay a extra premium for GOVERNMENT minted coins. if its a private company when u go to sell it, it will be very hard to sell over spot.

 

[Arklatex]

I believe in taking the higher premium for the rare bullion (canadian wildlifes) because a 3% mark up at $28 is very acceptable when you get that markup back when selling at higher prices. SPeaking from experience. I paid just a little extra for the wolfs and it came back 5x when I'm still currently selling them at $60 on ebay as we speak.

 

[Okie RP fan]

Hope nobody minds the "bump."

Basically, the coins, to the average person, will be more recognizable and taken immediately. As compared to bars, people will be skeptical at first. That is just one very basic reason as one of the main differences.

Personally, if I were capable, I'd invest in multiple forms and as much as I could purchase.

Is apmex pretty trustworthy?

 

[oyarde]

I believe in taking the higher premium for the rare bullion (canadian wildlifes) because a 3% mark up at $28 is very acceptable when you get that markup back when selling at higher prices. SPeaking from experience. I paid just a little extra for the wolfs and it came back 5x when I'm still currently selling them at $60 on ebay as we speak.

I think that 25 cent gold cougar is beatiful , but pricey , think I may buy just one for myself . last I checked $80 from the mint , but I am unsure on shipping price ?

 

[oyarde]

I was kind of thinking that people have been listening to the concept that inflation is sucking the life out of the economy and are allowing some deflation to get it moving again.

I started seeing all of the commodities start on a downward trend about a week back. At least that is what it looked like to me. It could be wishful thinking.

Anyway if they did listen, and it does turn things around, this trend could continue up until the election.

If you have never owned any silver I wouldn't let this down turn stop me from buying. Some would look at it as an opportunity to buy a little at a time all of the way down. It may not be as fun as playing the market as it takes off back up but you will still be in the game.

You really can't make any money at it anymore. For one thing most dealers that are commercial have to charge a premium when you buy. Then they charge you another when you sell. Then even though you may get twice as many dollars as what you paid, they will be worth half as much through inflation. Now that you a have doubled your number of dollars, the government, that has been fueling the inflation, thinks you own them capital gains taxes. Taxes on false profits.

Still it can be a way to sock some money away that sort of keeps up with inflation. Silver is a commodity. It and the other commodities have been running pretty stable with each other for a long time. Even when they took the dollar off of the gold standard the commodities have held their value with each other.

Back in the sixties gas was about 17 to 20 cents a gallon. It still is if you use those same silver coins we used back then.

I just paid about 4.25 a gallon my last tank. If you look on this Silver and Gold are money it comes out 22 cents. Last week when I bought it, it was at 20 cents.

http://www.silverandgoldaremoney.com/

Anyway it couldn't hurt to have a little socked away just for the educational value. TomtheTinker mentioned old silver coins. I think I would stick to coins I could still read the date.

P.S. I thought maybe I should add a disclaimer. I'm not saying people like you watching the markets can't get a break and beat the system. What I meant was that if you just have some setting around year after year it will remain what it is; silver.
The dollar will remain what it is. A tool of fraud and will be something that is changing in value.

I love that sign , makes me smile .

 

[Okie RP fan]

Can someone suggest some trustworthy silver suppliers?

You can PM me if you don't want to disclose to anyone/everyone.

 

[oyarde]

Can someone suggest some trustworthy silver suppliers?

You can PM me if you don't want to disclose to anyone/everyone.

Hardy's Coin Shop , ask for Oakel Hardy , owner , 812 - 376 -3219 , open Wed. & Sat , I have bought thngs there , over the past 14 years or so , honest guy . Best place I have ever done business with .

 

[freedomordeath]

I was kind of thinking that people have been listening to the concept that inflation is sucking the life out of the economy and are allowing some deflation to get it moving again.

I started seeing all of the commodities start on a downward trend about a week back. At least that is what it looked like to me. It could be wishful thinking.

yeah it took awhile for me to realize that gold is not an investment, its a store of value and because its constant makes excellent currency. When you listen to all the inflationists what they don't realize is that even Murray Rothbard talked about credit deflation due to credit contraction, because the credit acts like money and there is not much of this around then the currency itself appreciates in value. The FED comes along and prints to cancel this out, but this doesn't have a uniform effect intially and you have to guess where the new money is going first which makes things even harder to guage as stock prices can go up, but food prices stay constant, now you have to ask yourself is the stock really going up or is that where the new money goes first.

So to try find out REAL UP AND DOWNS by extracting the fluctuating currency values you have too look at the fundemental commodities like oil, copper, weat, cotton also gold and silver.

To be honest with you this is where I get left in the dust, because I realise that oil, cotton etc can fluctuate through lack of demand in a bad economy, but for me gold is a good anchor point to sort the weat from the chaf.

Serioulsy the government poeple are so clever with their sneaky taxes that indirectly links the gold to the dollar, we should basically go black market with this stuff, it is afterall not illegal according to the constitution.

 

[S.Shorland]

Silver is in a downtrend at the moment.I like the idea of just buying a little when you can.

 

[NoOneButPaul]

So where's the best place to buy?

 

[S.Shorland]

Looks like Gold is trying an upside breakout today lol so Silver should follow.If it follows through on monday,I'd buy.

 

[Okie RP fan]

Following the jobs report, nearly everything is down except gold and silver, and both are way up at the moment.

Anyway, I went ahead and tried out Northwest Territory Mint. They carry hefty premiums, though.
Just for anybody who's interested in buying.

 

[Seraphim]

Yes, just like 08, this market crash will see gold/silver bottom MONTHS (about half a year) before the real crash in everything else bottoms. FOr the most part, the bottom is in. Gold/silver could go a bit lower, but I don't think so.

**Edit** Disclaimer: I hope silver drops to around 20$ before it starts it's next cyclical uptrend.

Following the jobs report, nearly everything is down except gold and silver, and both are way up at the moment.

Anyway, I went ahead and tried out Northwest Territory Mint. They carry hefty premiums, though.
Just for anybody who's interested in buying.

 

[Dforkus]

Good day to be a gold bug, so far.. With the volatility, who knows where it will end up..

All the other non PM commodities, like oil, gasoline, and natural gas are getting cock punched...

I still think Nat Gas might represent the best medium to long term speculative play at this moment. Germany and Japan are shutting off all their nuke plants, something has got to keep spinning those turbines and making those electrons. Natural Gas seems like the winner in that race as it's cheap, clean (at least compared to coal), and reliable...

 

[oyarde]

Nat gas is interesting....

 

[oyarde]

Someone is sending me to pick up $1100 in silver Wed morning .What is your guess to next Tue close ??

 

[dcjones]

Buy silver the cheapest you can find it. Don't pay premium for maples or silver eagles. Get the most recognized generic round... the indian/buffalo.

If you are buying less than 500 oz get from here and pay with check: (0.89c over spot best deal)

http://www.goldmart.com/bullion-1/s...ounds/1-oz-silver-buffalo-round-999-fine.html

If you are buying more than 500oz get it from tulving at .59c over spot:

http://www.tulving.com/bullion/1_oz_new_buffalo_indian_999_silver_round.htm

http://www.tulving.com/goldbull.html