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just purchased 200 more oz. of 10 oz. year of the snake bars.

Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
in Precious Metals
Like the title said, just got off the phone and locked in 200 oz. of silver in 10 oz. bars. The price is $249 per bar as the premiums have went up as the price has declined. 100 oz. bars are only 10 cents less, they have an old JM pressed 100 oz bar that I think is cool as I've never owned one but I dont want to pay that close to what a 10 oz. bar sells for.

Anyone else brave enough to step up and catch a falling knife???

Comments

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Like the title said, just got off the phone and locked in 200 oz. of silver in 10 oz. bars. The price is $249 per bar as the premiums have went up as the price has declined. 100 oz. bars are only 10 cents less, they have an old JM pressed 100 oz bar that I think is cool as I've never owned one but I dont want to pay that close to what a 10 oz. bar sells for.

    Anyone else brave enough to step up and catch a falling knife??? >>



    I think "brave" is the wrong word. I've got another one & it begins with __image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
    Allright OP I know that you think anyone who purchases silver is a nutjob, your job here is to rain on everyone's parade along with another poster who shall remain nameless.
  • mrpaseomrpaseo Posts: 4,753 ✭✭✭
    If I had the funds, I would be in at these prices. And yes, I would probably be chasing the knife to the ground...lol.

    Best,
    Ray
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>Allright OP I know that you think anyone who purchases silver is a nutjob, your job here is to rain on everyone's parade along with another poster who shall remain nameless. >>



    People who buy silver are not nut jobs. But people who pay too much for silver will see their finances destroyed.



    Opa has said many times that he will buy silver again as have I
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    I'm still bearish. Think
    it's going down further !!!
    Timbuk3
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    Silver may hit close to $19.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Allright OP I know that you think anyone who purchases silver is a nutjob, your job here is to rain on everyone's parade along with another poster who shall remain nameless. >>



    Not a "nutjob" as you so eloquently posted, but unwise in their decision. And I doubt seriously that I'm raining on everyone's parade. Some of us are still level headed and have not succumb to the buying PM can't go wrong doctrine.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • UnknownUnknown
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  • PerryHallPerryHall Posts: 46,140 ✭✭✭✭✭
    Who makes those year of the snake bars? I've seen pics pf them and I couldn't determine who made them.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭


    << <i>Who makes those year of the snake bars? I've seen pics pf them and I couldn't determine who made them. >>



    NTR makes them, by the way I decided to pick up the 100 oz. JM bar while I was there today for $2,400 along with another 120 oz. in ten oz. acadamy stacker bars at $241 each so a total of 420 oz. of .999 silver today.
    I have plenty of ammo left and am waiting to deploy it it silver falls to $20.
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭
    Another thing the shop owner said was that when the shop opened they had handled over 200 buy orders on silver with most of them large orders but I guess acording to the paper price nobody in their right mind is buying any silver at these levels. Also he indicated that nobody was selling any silver at these levels and very little has come in the past few weeks.

    Also he said that his supply was getting really low so he might be sold out soon.
  • collectallcollectall Posts: 202 ✭✭
    i been buying regularly.. i bought100 oz friday at around 26.50 the week prior i was buyin at 2900 for 100 oz and kicked my self in the ass today wen i bought again at 23.50 ish .. and yet still i buy....foolish , maybe?? but im not spending my bill money on silver, its my play money and im just playin...
    collector of gold and silver bullion..Owner of "aaa trash be gone" buffalo ny
    references for completed transactions : smittys , guitarwes , vetter, JamesM , durexmetals, luke marshall ,perry hall, indiananationals,tamu15 , freechance , wdrob, jimineez1
  • Yukoncornelius1Yukoncornelius1 Posts: 654 ✭


    << <i>i been buying regularly.. i bought100 oz friday at around 26.50 the week prior i was buyin at 2900 for 100 oz and kicked my self in the ass today wen i bought again at 23.50 ish .. and yet still i buy....foolish , maybe?? but im not spending my bill money on silver, its my play money and im just playin... >>



    Foolish...hardly, silver was nearly $50 around 3 years ago and not much has changed fundamentally. This country is being propped up by the fed printing money to purchase treasury bonds that other countries don't really want, the banks are sitting on much of this QE money and for all we know deploying it in the stock market or increasing their naked hedges until they can cover them and go long commodities. The big banks didn'thave to eat their bad debt before when they gambled so I would have to think they will keep gambling until they are held accountable.
    I have caught some falling knives before in the stock market, some have failed and some have been big winners. I believe that silver will win out in the end and be a winner so I keep buying the dip, time will tell if I am the fool or the I told you so crowd here is the fool.
  • mikliamiklia Posts: 1,295 ✭✭✭


    << <i>Foolish...hardly, silver was nearly $50 around 3 years ago and not much has changed fundamentally. >>



    One could also say that silver was at $9 around 5 years ago and not much has changed fundamentally...
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