silver keeps dropping how far ?

greatnortherncoin · May 30, 2012 1:55AM

how far will it drop.

derryb · May 30, 2012 2:02AM

little bit lower

joefro · May 30, 2012 2:06AM

$26.76 and not a cent lower!

tneig · May 30, 2012 2:18AM

Good! I agree and still buying what I can of this dip.

Today two 10oz silver bars for $564. 4, 1oz prospectors for $29 each.
Passed up the 100oz engel for $2800, but thinking about doing that tomorrow. 10oz bars have been my biggest bulk amount,
so I'm thinking one 100oz is ok, if I can move the damm thing when I wish too... Just didn't have the cash ready.
(getting cash poor, silver rich... but I think that was the plan..)

Didn't find any G today.

johnny9434 · May 30, 2012 4:44AM

im still waiting for $25 or 26. jmo

piecesofme · May 30, 2012 5:04AM

Dont bother with 100 oz'ers tneig. Alot of risk tied up in one thing and they're just a slave to whatever Spot is. When it comes time to sell it, you're lucky to get Spot. Stick with 1's, 5's & 10's to get the most premium you can when it comes time to sell

tneig · May 30, 2012 6:29AM

<< Dont bother with 100 oz'ers tneig.

Make friends, before you need them.
>>

Thank you. You have made a friend.

pf70collector · May 30, 2012 9:03AM

Next silver purchase will be the ASE SF Anniversary Set.

golfer72 · May 30, 2012 9:39AM

<< Dont bother with 100 oz'ers tneig. Alot of risk tied up in one thing and they're just a slave to whatever Spot is. When it comes time to sell it, you're lucky to get Spot. Stick with 1's, 5's & 10's to get the most premium you can when it comes time to sell >>

That doesnt make sense. You buy the large bars for closer to spot than the smaller coins/bars etc so its a wash!

morgantype · May 30, 2012 12:33PM

<< 

<< Dont bother with 100 oz'ers tneig. Alot of risk tied up in one thing and they're just a slave to whatever Spot is. When it comes time to sell it, you're lucky to get Spot. Stick with 1's, 5's & 10's to get the most premium you can when it comes time to sell >>

That doesnt make sense. You buy the large bars for closer to spot than the smaller coins/bars etc so its a wash! >>

You have a valid point.

Another thing to consider is that when you are selling a 100 oz bar, you have to find a buyer that can handle a 100 ozs. Versus, a buyer buying your 1/5/10 oz bars.

At today's spot prices it is clearly easier to come up with 28/190/280 dollars vs 2800 dollars. So your buyers may be more numerous.

tneig · May 31, 2012 12:10AM

(Price Keep Dropping. Hold that $27 or $26 for a bit longer...)

Yeah, reselling ease is of most importance to me in the next decade or so. I expect some complications already so have to watch I don't make it more difficult. I want some of my sales to be quick and ez and private, and if silver goes up $10oz or more over what I pay, I'll even sell at spot to move something difficult. I'll likely be living 'out in the sticks' by then in retirement time, so less buyers and in person possibilities. Likely be selling back here too.

ps, yesterdays picks:

tincup · May 31, 2012 12:58AM

I suspect the price of silver will continue to drop at least for a little while longer. My criteria is based on the number of emails I get from the big PM dealers; I am still getting quite a few specials and discount offers showing up in my inbox. I noticed in the past that these offers sure seem to be more prominent right before the price of silver starts a downward trend and continue during the downward trend. The Big Boys have pretty good knowledge of where the market is headed. When those specials dry up, that may be the time to purchase in earnest. Meanwhile, never hurts to add a little here and there if a good opportunity presents itself.

piecesofme · May 31, 2012 2:25AM

Speaking from personal experience, it's easier to sell 10 10oz'ers than 1 100 oz'er. Trying to BUY the 10's as close to Spot (with selling them in mind) is the trick.

johnny9434 · May 31, 2012 4:45AM

word is the tax man is interested in it more if you deal with the 100 oz's. its just easier to deal with the 10 oz's

Timbuk3 · May 31, 2012 6:47AM

I see $23.00 or lower is not out of the question !!!

derryb · June 1, 2012 5:10AM

looks like metal spot decoupled from equities today, let's hope it holds.

Justacommeman · June 1, 2012 5:16AM

<< Dont bother with 100 oz'ers tneig. Alot of risk tied up in one thing and they're just a slave to whatever Spot is. When it comes time to sell it, you're lucky to get Spot. Stick with 1's, 5's & 10's to get the most premium you can when it comes time to sell >>

I 100X disagree about the 100 ozers where I live. They are always in demand I've always found them ULTRA EASY to sell whether selling 1 or 5 at a time. Less premium erosion as there is hardly any premium on the buy side. MJ

perkdog · June 1, 2012 7:10AM

Id love to see it get to under $20 for awhile, in which case I will buy.

UNLVino · June 1, 2012 11:10AM

<< Id love to see it get to under $20 for awhile, in which case I will buy. >>

Perkdog I love your posts. Mostly because I'm a Bostonian, but secondly your sig line! Oh and you have good things to say occasionally too!

jmski52 · June 2, 2012 7:41AM

re: ease of selling:

It makes sense to me to buy the most recognizable and most common forms of silver. Whether it's a name brand bar, Silver Eagles, 90% silver or Silver Maples - they are all very standardized with a ready market and easily-checked for current pricing.

Here on the Precious Metals Forum, you will get oohs and ahhs for different and interesting types of bars, but when you sell - you want it quick & easy.

Just my $0.02.

pitboss · June 3, 2012 12:47AM

Occasionally? ouch!

silver keeps dropping how far ?

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