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So what's the breaking point for affording PMs?

NyKyFyRNyKyFyR Posts: 105
in Precious Metals
Everybody wants silver and gold but what's the breaking point by which the common man cannot afford to buy it? Take silver for example. At $15-$20 an ounce stuff like Morgan dollars are affordable. At $40 - $50 not as much. There has to be a point where people stop buying because of cost. Or are there other things to consider. Thoughts?

Comments

  • pitbosspitboss Posts: 8,643 ✭✭✭

    Did they stop buying gold?
  • jdimmickjdimmick Posts: 9,693 ✭✭✭✭✭
    Dosent seem to be one. I would have wonder the same, but I have more new people jumping in head first spending thousands now at 35+ than I did when it broke 20. An absolute frenzy as I mentioned in an earlier thread.


    I am not open on Sundays, but I do go over and hang out for a few hours at the local flea market dealers coin shop (which happen to be freinds of mine) Same thing there today, people coming in, in droves scouring for anything silver. These guys are usually a little higher on thier silver prices, becuase they have to buy it from us(Regular dealers) then re-sell to there customers. Didnt matter, people went ape sh1t buying.
  • TrustNo1TrustNo1 Posts: 1,359 ✭
    too high to buy at these prices for me......if it was at $10 I'd load up, not at $35, just cant swing it with the way things are these days.
  • keepdachangekeepdachange Posts: 1,374
    They can always buy fractional as prices get higher. I'm sure as silver climbs higher you will see more fractional silver products available.
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • TrustNo1TrustNo1 Posts: 1,359 ✭


    << <i>They can always buy fractional as prices get higher. I'm sure as silver climbs higher you will see more fractional silver products available. >>

    true, APMEX had a bunch lately.
  • derrybderryb Posts: 36,994 ✭✭✭✭✭
    any price, the closer to spot the better, until it starts its bear cycle.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • tincuptincup Posts: 5,197 ✭✭✭✭✭
    So what is driving this buying frenzy right now? People becoming panicked because of the price of gasoline? But if so.... how do they know to buy silver..... where are they getting their info from?

    I did notice that one of Glen Becks advertisers is now promoting silver... is this bringing more in to the fold?
    ----- kj
  • derrybderryb Posts: 36,994 ✭✭✭✭✭


    << <i>So what is driving this buying frenzy right now? People becoming panicked because of the price of gasoline? But if so.... how do they know to buy silver..... where are they getting their info from?

    I did notice that one of Glen Becks advertisers is now promoting silver... is this bringing more in to the fold? >>


    My Opinion is that the pulling back on price suppression has allowed silver to find a more realistic price. this in turn has attracted massive speculators who will at some point overprice it.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • tincuptincup Posts: 5,197 ✭✭✭✭✭
    Up to 36.35..... the banksters are going to have to work hard to bring it back.

    The manipulations were frustrating to watch... but one thing I can say for it.... it allowed us some buying opportunities. Wonder if those days are going to be rare from now on...
    ----- kj
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