Serious question:

ChrisRx

Do people actually acquire silver bullion at this level?

Seriously.

CaptHenway

Some people bought silver when it hit $20 and everybody said it was too high.
Some people bought silver when it hit $30 and everybody said it was too high.
Some people are buying at $40.

derryb

Same answer I gave at $21. I will buy at this price, but not until I see next week's price movement. I'm thinking it might be dip time. Either way I'd buy by Friday.

ChrisRx

<< <i>Some people bought silver when it hit $20 and everybody said it was too high.
Some people bought silver when it hit $30 and everybody said it was too high.
Some people are buying at $40. >>



Understood. Someone is going to be still standing when the music stops.

Bear

The smart money says, take some profits and wait for a buying opportunity.

To be all in will tend to

maximize potential profits or losses. One can be one of three

animals, a bull, a bear or a pig. Only time will determine, who at this point

is a winner and who is a wiener.

CaptMorgan

At this level?
This is nothing

Stew

Absolutely,
With the facts that JP Morgan Chase got caught red handed suppressing the silver market in March of last year.
And it being learned that they have been doing it for years.
China going from an exporter of gold to one of the largest importers of gold and silver on the planet.
Encouraging their population to buy gold and silver.
Russian and China setting up an direct exchange at the end of last year so that could trade directly
with out using the U.S. Dollar.
The absolute failure in the Euro experiment, Countries on the better off side (UK, Germany) are quickly becoming
rebellious due to the fact that they are losing their standard of living to bail out poorer countries
(Greece, Portugal)
One more thing gold and silver have been money for thousands of years with a historical ratio of I believe
to be 16 to 1 with the decades of silver price suppression and the hard core marketing campaign
to make people believe that paper is worth more than silver and gold
People are starting to remember that gold and silver is actually money.
I personally think since the price suppression scheme has been figured out by people
that silver is just trying to catch up to it's self and it's historic ratio to gold
which with gold at this level then silver should be about $90.00 per ounce.
A buddy of mine that owns a coin shop were discussing this very topic this afternoon
and he reminded me of when I first told him about the JP Morgan Silver Manipulation
back in March of last year. And he told me that back then he actually thought
I had gone off my nut when I suggested to him to start buying as much as he could lay
his hands on because silver was going to $30.00 an ounce by next year
I'm glad I was wrong

RGJohn

They sure seem to do so.
----
For every sale it is required there be a buyer. Required is the conjugate pair. 'You can't have the one without the other'.
----
On the BST and in the Bargain Bin, we're seeing brisk sales continuing. I assume that others, like myself, haven't even gotten so far as to post because the darn stuff flies out the door as quickly as it comes in. No need to make 2 phone calls as a rule.
-----
Buyers are getting early 60's proof sets at melt. Sellers are unloading an albatross they bought 50 years ago, mistaking it for a good investment at the time and now realising that if they've got a chance, this is it!. Yahoo! At $25 per, they have recovered almost half of what they lost to inflation. Other such collectibles are similarly selling and goodness only knows what shall appear from grandpa's sock drawer as this run continues!
-------
Join in the fun while you can, this only happens every 30 years or so!

gecko109

<< <i>Do people actually acquire silver bullion at this level?

Seriously. >>




Ok...a question for you. Are you calling a top at $42-$50? Just curious.

AnkurJ

I bought 10ozs at $41.50
10ozs at $40
15ozs at $39.70
2 ozs at $38

Sold a crap load when it hit $30 (made a profit, so thats all that counts)

ve3rules

Yes

gecko109

I have silver @ $7

I have silver @ $10

I have silver @ $15

I have silver @ $20 (bought 300oz at that price and was the ONLY time I ever even felt a twinge of doubt about buying any PM)

I have silver @ $30

And I have silver @ $36





For the record Chris, im not buying at these prices.....but its got nothing to do with the price of silver.

scotty1419

I think it's a better strategy to take advantage of any good deals compared to spot price at any level. This seems healthier than trying to time a market.

jmski52

Someone is going to be still standing when the music stops.

And someone else just continues to stand there in the same spot.

It's not a race, and fast money speculation isn't the way to be in this market, btw. Especially not now.

percyb

In my opinion, todays prices will look cheap at this time next year.

ProofCollection

<< <i>Do people actually acquire silver bullion at this level?

Seriously. >>



Why wouldn't you?

66Tbird

<< <i>Absolutely,
With the facts that JP Morgan Chase got caught red handed suppressing the silver market in March of last year.
And it being learned that they have been doing it for years.
China going from an exporter of gold to one of the largest importers of gold and silver on the planet.
Encouraging their population to buy gold and silver.
Russian and China setting up an direct exchange at the end of last year so that could trade directly
with out using the U.S. Dollar.
The absolute failure in the Euro experiment, Countries on the better off side (UK, Germany) are quickly becoming
rebellious due to the fact that they are losing their standard of living to bail out poorer countries
(Greece, Portugal)
One more thing gold and silver have been money for thousands of years with a historical ratio of I believe
to be 16 to 1 with the decades of silver price suppression and the hard core marketing campaign
to make people believe that paper is worth more than silver and gold
People are starting to remember that gold and silver is actually money.
I personally think since the price suppression scheme has been figured out by people
that silver is just trying to catch up to it's self and it's historic ratio to gold
which with gold at this level then silver should be about $90.00 per ounce. >>



Great summation imho

Meltdown

I'm with Gecko...


I have silver @ $9 (when I first started buying, it was 2 ingots for less than a measly 20 dollar bill...)

I have silver @ $14 (bought my first 100oz bar for $1,428 delivered.)

I have silver @ $20

I have silver @ $30

I have silver @ $40

I have silver @ 50 thanks to those damn hockey pucks I bought this week.

Konahead

I bought this week. It was nice i paid $39per ounce for 25 oz. But i continue to buy as opportunities present.

Didn't we have this same conversation when it hit $20 and again at $30???

tydye

I last bought silver at 37.50. My average though is around $15. Other than some 1/10 oz and 1/4 oz gold I have not been buying much. But I am not selling either unless some property that I like becomes available.

Justacommeman

Thinly vailed jabs from the US Coin Forum are to be expected everytime silver or gold makes a new high. Humor the lads they mean no harm. MJ

DrBuster

I couldn't tell you my $ average, but I still have over a roll of $5/oz ASEs and art stuff. Hard to pull the trigger right now, but I'm looking at a possible consulting contract ending in May so I'm socking away as much cash as I can in case I don't get the end-of-year extension.

OldEastside

I bought 2 consectutive SN, JM 1ozers on monday at $41.50 each. Why? because theses are the first JM's I've ever had.

Steve

halfhunter

I found so much silver mining half dollar rolls for years (not bragging . . . really ) that I still feel comfortable buying at these levels. Just can't buy as much ! ! !

BTW . . . Traded all of that ol'stinky scrap 40 & 90% for Silver Eagles and some cash in January '09.

HH

RedTiger

There were strong buyers at my recent local coin club auction (El Segundo, CA). Some prices that I remember: an decent looking 1959 proof set with no cameos went for $40 (melt is about $26). A full rim Barber half sold for $18.50, a common VG Morgan for $38. I kept leaning over to the guy I was sitting next to, and kept whispering, "that is a strong price." Only a few items sold for back of melt: an obscur Austrian 100 Shilling for 25% back, and a couple of beat up SMS sets for $5.

Me, I flinch at these levels. Unfortunately, a good bunch of my silver is harder to liquidate dark side coins. The only coins I am thinking about selling are some of my common slabbed Morgans.

If silver is a bubble market, dollar cost averaging is a poor strategy. Folks that decide to average in starting today, will buy way too much on the down leg of the move and can get trapped for many years at a high average price. Of course no one knows if this is a real bubble, and if it is, where the top is. Sentiment is still kind of quiet so still favors the bullish case. There has not been a big influx of bullion newbies from the U. S. coin forum. Mostly, it seems the coin collectors are in two camps. The ambivalent, who didn't care, and still don't care, or a second group that is jealous and angry that their collector coins are not participating as much in the up move and talk about the pain when the bubble pops. In any case, chatter like that isn't talk that dominates at market tops.