I do not know when silver will hit $50 but it does not appear to be anytime soon but then again who knows what will happen in the future. It appears to me that will are going to test the $26.00 support level and it will be very interesting to see if that support level will hold or break though on the downside.
DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
<< <i>Or continue to deny that we are in a silver bear market?
Certainly not me at this point, I can acknowledge things that are happening before my eyes even with as much as I have on the table. It's not fun, but this re-affirms to at least myself that I am not a pessimist or a optimist... I am a realist. Not buying anything more than really catches my eye...buying just to add is not going to happen in this slow drawn out death of the metal. I may take a chance in the real low $20's, but not at any volume amounts til then. We've got to get past the election first imho. I'm actually focusing on building the coin collection because I think there is more slightly longer term $ (less than 5 years) to be made there at this point than with Silver. >>
I am not a real stacker but I am just a collector going to the LCS or coin shows to look for and add certain old silver art bars to my collection. If a person manages to buy Numismatics and other collectible gold and silver at near generic .999 premiums at a LCS, then the premiums on numismatics and certain collectible gold and silver coins and bars do not fall nearly has much or as fast as regular bullion. If the spot prices continued to fall and for some reason, if a person was forced to sell a collectible gold and silver that they bought for .999 generic premium at the LCS, then that person can just sell it on ebay and at the very least still get their money back (after fees).
Honestly speaking, for a person to make money on PM's during a falling spot price, then they would have to identify what is considered "collectible" (i.e. high premium) gold and silver and once they determine that, then they would have to buy collectible gold and silver for .999 generic prices and flip it on ebay to earn a "collector's premium" for it.
DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
I figured a top was in when my brother (who normally dabbles in the stock market) told me that he went and bought a bunch of ASE from (deleted) and his average cost was $50. This was the same guy who told me 'gold was a terrible buy at $250', and Enron was a 'steal at $90'. He is a great contrarian indicator.
<< <i>I figured a top was in when my brother (who normally dabbles in the stock market) told me that he went and bought a bunch of ASE from (deleted) and his average cost was $50. This was the same guy who told me 'gold was a terrible buy at $250', and Enron was a 'steal at $90'. He is a great contrarian indicator. >>
It sounded like your brother was chasing returns buying in at near the high. Of course hindsight is 20/20. As a collector, I am always looking for and buying silver art bars to slowly add to my collection and it does not matter to me where spot silver is at.
DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i> It sounded like your brother was chasing returns buying in at near the high. Of course hindsight is 20/20. As a collector, I am always looking for and buying silver art bars to slowly add to my collection and it does not matter to me where spot silver is at. >>
I liked silver bars a lot more when silver was at the $3.50 to $4.00 level. But the price shooting up like it did brought a bunch of stuff out of hiding and into the B&M shops.
My brother hasn't quite mastered the 'buy low, sell high' thing yet. He gets caught up in the crowd, especially a crowd that is rushing to buy something.
I like to buy low. But haven't mastered the art of selling high yet. Silver has hit $50 twice in my lifetime, and then went back down before I could go through my stuff and figure out what to get rid of. I have a lot of .800 fine Canadian silver coins that were pulled out of circulation, and I should have dumped.
<< <i> It sounded like your brother was chasing returns buying in at near the high. Of course hindsight is 20/20. As a collector, I am always looking for and buying silver art bars to slowly add to my collection and it does not matter to me where spot silver is at. >>
I liked silver bars a lot more when silver was at the $3.50 to $4.00 level. But the price shooting up like it did brought a bunch of stuff out of hiding and into the B&M shops.
My brother hasn't quite mastered the 'buy low, sell high' thing yet. He gets caught up in the crowd, especially a crowd that is rushing to buy something.
I like to buy low. But haven't mastered the art of selling high yet. Silver has hit $50 twice in my lifetime, and then went back down before I could go through my stuff and figure out what to get rid of. I have a lot of .800 fine Canadian silver coins that were pulled out of circulation, and I should have dumped. >>
When I started out collecting silver art bars in August 2008, I was just buying whatever I could find which was mainly the common Hamilton Mint, Madison Mint, and Holiday-themed bars and this was when spot was between $13-$24. As I started learning about the rare silver art bars, I started getting interested in them. I eventually started finding rare ones at the LCS and at coin shows that I still have to this day. However, early last year (January 2011 to April 2011), when silver was in the $38-$47 range, I sold a large amount of my common-minted silver art bars to a local dealer for a decent profit and used that profit to buy the rare silver art bars on ebay such as the ones that were minted by Greathouse Productions, Coca-Cola, Green Country Mint and The Mint. My main reason for selling at that time was because I wanted to "upgrade" my silver art bar collection to where I had more rare silver art bars and when spot was in the $40-$47 range in early 2011, I decided that was the best time to dump the silver art bars that I did not want and buy the rare bars that I really wanted. Currently, my main concentration is to find and buy the hard-to-find silver art bars. I still will buy some common-minted ones but I will not buy a lot of them since I am concentrating on the rare ones. I got lucky that things worked out the way they did. My current silver art bar collection looks a lot different now than it did 2 years ago since I have more rare art bars now than I did 2 years ago and I am very happy with that.
DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
Another year gone by, $75 silver that much closer.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I voted 30 years. But then, I remember the Hunt Brothers' saga and how it affected the market back in the late 70's early 80's. Then it took almost 27 years to go from $5 to $15….. and how often have we heard : history repeats itself ?
Yeah, use of silver for film saw a decline in recent years, but some of the slack was taken up by phones and other electronics, and much of the rest by "rounds" for collectors. the Need for the silver by industry is real, the "need" for these Rounds for collectors and investors somewhat less so.. as many are discovering, slowly and painfully
Comments
<< <i>Or continue to deny that we are in a silver bear market?
Certainly not me at this point, I can acknowledge things that are happening before my eyes even with as much as I have on the table. It's not fun, but this re-affirms to at least myself that I am not a pessimist or a optimist... I am a realist.
Not buying anything more than really catches my eye...buying just to add is not going to happen in this slow drawn out death of the metal. I may take a chance in the real low $20's, but not at any volume amounts til then. We've got to get past the election first imho.
I'm actually focusing on building the coin collection because I think there is more slightly longer term $ (less than 5 years) to be made there at this point than with Silver. >>
I am not a real stacker but I am just a collector going to the LCS or coin shows to look for and add certain old silver art bars to my collection. If a person manages to buy Numismatics and other collectible gold and silver at near generic .999 premiums at a LCS, then the premiums on numismatics and certain collectible gold and silver coins and bars do not fall nearly has much or as fast as regular bullion. If the spot prices continued to fall and for some reason, if a person was forced to sell a collectible gold and silver that they bought for .999 generic premium at the LCS, then that person can just sell it on ebay and at the very least still get their money back (after fees).
Honestly speaking, for a person to make money on PM's during a falling spot price, then they would have to identify what is considered "collectible" (i.e. high premium) gold and silver and once they determine that, then they would have to buy collectible gold and silver for .999 generic prices and flip it on ebay to earn a "collector's premium" for it.
<< <i>I figured a top was in when my brother (who normally dabbles in the stock market) told me that he went and bought a bunch of ASE from (deleted) and his average cost was $50. This was the same guy who told me 'gold was a terrible buy at $250', and Enron was a 'steal at $90'. He is a great contrarian indicator. >>
It sounded like your brother was chasing returns buying in at near the high. Of course hindsight is 20/20.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
It sounded like your brother was chasing returns buying in at near the high. Of course hindsight is 20/20.
I liked silver bars a lot more when silver was at the $3.50 to $4.00 level. But the price shooting up like it did brought a bunch of stuff out of hiding and into the B&M shops.
My brother hasn't quite mastered the 'buy low, sell high' thing yet. He gets caught up in the crowd, especially a crowd that is rushing to buy something.
I like to buy low. But haven't mastered the art of selling high yet. Silver has hit $50 twice in my lifetime, and then went back down before I could go through my stuff and figure out what to get rid of. I have a lot of .800 fine Canadian silver coins that were pulled out of circulation, and I should have dumped.
<< <i>
<< <i>
It sounded like your brother was chasing returns buying in at near the high. Of course hindsight is 20/20.
I liked silver bars a lot more when silver was at the $3.50 to $4.00 level. But the price shooting up like it did brought a bunch of stuff out of hiding and into the B&M shops.
My brother hasn't quite mastered the 'buy low, sell high' thing yet. He gets caught up in the crowd, especially a crowd that is rushing to buy something.
I like to buy low. But haven't mastered the art of selling high yet. Silver has hit $50 twice in my lifetime, and then went back down before I could go through my stuff and figure out what to get rid of. I have a lot of .800 fine Canadian silver coins that were pulled out of circulation, and I should have dumped. >>
When I started out collecting silver art bars in August 2008, I was just buying whatever I could find which was mainly the common Hamilton Mint, Madison Mint, and Holiday-themed bars and this was when spot was between $13-$24. As I started learning about the rare silver art bars, I started getting interested in them. I eventually started finding rare ones at the LCS and at coin shows that I still have to this day. However, early last year (January 2011 to April 2011), when silver was in the $38-$47 range, I sold a large amount of my common-minted silver art bars to a local dealer for a decent profit and used that profit to buy the rare silver art bars on ebay such as the ones that were minted by Greathouse Productions, Coca-Cola, Green Country Mint and The Mint. My main reason for selling at that time was because I wanted to "upgrade" my silver art bar collection to where I had more rare silver art bars and when spot was in the $40-$47 range in early 2011, I decided that was the best time to dump the silver art bars that I did not want and buy the rare bars that I really wanted. Currently, my main concentration is to find and buy the hard-to-find silver art bars. I still will buy some common-minted ones but I will not buy a lot of them since I am concentrating on the rare ones. I got lucky that things worked out the way they did. My current silver art bar collection looks a lot different now than it did 2 years ago since I have more rare art bars now than I did 2 years ago and I am very happy with that.
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>another year gone by, $50 that much further away..
Another year gone by, $75 silver that much closer. >>
Two sides of the same coin. Another year gone by and another trillion USD closer to........
Knowledge is the enemy of fear
Maybe we should start another poll.."When will silver reach $25 again?
<< <i>
silver below $19 & gold below $1250 in overseas trading as I type.
Maybe we should start another poll.."When will silver reach $25 again?
>>
I just saw that, $1248 gold and $18.86 silver.
when photography went digital.
the Need for the silver by industry is real, the "need" for these Rounds for collectors and investors somewhat less so.. as many are discovering, slowly and painfully
Liberty: Parent of Science & Industry
<< <i>another year gone by, $50 that much further away.. >>
Methinks thou livest for this.