C'mon sub $20 silver....

Zubie

I'm ready to pull the trigger. Just don't want to be the first guy to buy so the bottom drops out on me!

Anyone else waiting to buy below $20...or lower?

ricko

Will be a close call before the coming rally...... Cheers, RickO

Timbuk3

Sticking to gold !!!

DrBuster

Holding right now, want to buy just in no rush.

JohnnyCache

I'm just taking small bites as it drips down lower and lower.
It's hard to catch the absolute bottom. Who knows what that the bottom even is anymore.
I would have to believe there is solid, nearly impenetrable, support at the $15.00 level.
But should silver get to that level, which I wouldn't entirely rule out as I'm not seeing anything on the horizon that I feel is going to stop the current downward trend, would we not have a situation like in the past were suddenly there was no inventory to purchase?

Pokermandude

<< <i>I'm just taking small bites as it drips down lower and lower.
It's hard to catch the absolute bottom. Who knows what that the bottom even is anymore.
I would have to believe there is solid, nearly impenetrable, support at the $15.00 level.
But should silver get to that level, which I wouldn't entirely rule out as I'm not seeing anything on the horizon that I feel is going to stop the current downward trend, would we not have a situation like in the past were suddenly there was no inventory to purchase? >>



There will be silver to purchase. But the premiums would be (somewhat) outrageous.

miklia

i picked up some more today after a long break. slowly building the stack back up.

renman95

<< <i>I'm ready to pull the trigger. Just don't want to be the first guy to buy so the bottom drops out on me!

Anyone else waiting to buy below $20...or lower? >>



I'm waiting to buy under $15 so go ahead comrade z. Lead the way.

OPA

<< <i> There will be silver to purchase. But the premiums would be (somewhat) outrageous. >>



Unlikely...premiums basically have remained unchanged for common silver bars or rounds as silver dropped from $30 to $20. I don't see any difference if silver drops to $15.

secondrepublic

during the crash in silver prices in late 2008, it went under $10/ounce. and there was none to be had for anywhere near that price, unless you wanted to buy a ~ 1,000 oz. industrial-type bar, or wait many months for delivery. I remember being happy when I managed to snag a couple of rolls of 40% Kennedys off ebay near spot back then.

Pokermandude

<< <i>during the crash in silver prices in late 2008, it went under $10/ounce. and there was none to be had for anywhere near that price, unless you wanted to buy a ~ 1,000 oz. industrial-type bar, or wait many months for delivery. I remember being happy when I managed to snag a couple of rolls of 40% Kennedys off ebay near spot back then. >>



I remember those days. My first large silver purchase was with sub-$10 spot price. I shopped around everywhere for the lowest price. I ended buying three 100 oz bars online at NWTmint for around $2.50 over spot and waited a good 2 months for them to arrive. Alternately, I could have paid about $3 over and gotten them in a couple weeks. I forget what the premiums were on maples/eagles, but it was probably in the $5-6 range.

piecesofme

What was the mnost recent low, something like right about $18.00? I think that is going to be tested by the end of the week or by next Wed. at the latest.
There may be a decent holiday bump coming off whatever the new low ends up being, but I think once we get past the Holidays metals are going to tumble considerably. There is already a lot of proudct available and Holiday buying will help hold value up to some degree, but when people are broke after the Holidays and there's still a ton of product to be had, I think that means considerably lower value at that point.
We wont have too long to wait to see if I'm right or wrong and Baley wont have to go back 3 years to re-post something

JohnnyCache

<< <i>during the crash in silver prices in late 2008, it went under $10/ounce. and there was none to be had for anywhere near that price, unless you wanted to buy a ~ 1,000 oz. industrial-type bar........ >>



That's pretty much my recollection. I think I must have visited every coin shop / bullion seller that I knew of at the time in a 30 mile radius and found practically nothing. One store had a pretty beat up looking 100 oz. Handy & Harman Bar. I didn't end up buying it as the dealer wanted something like $17 or 18, practically double spot at the time.


We all stack for different reasons and we all manage those stacks differently as well. Since I'm not really one to flip or sell items from my stack I try to do the best I can by dollar cost averaging in small purchases over the course of the year.

I feel I have a decent stack of PM's, but I'm sure it's likely a far cry from some of the bigger stackers on these boards, and so I'm not looking to make a real truck load style purchase.
I think if I were looking to start, or significantly boost a recently started stack, this would be a really exciting time.

Zubie

$20.05...stay on target...

johnperk747

Well, my finger must have been to close to the trigger , as I now have 150 more Maple's on the way . . . LOL
(GOT it at $582.03 per roll, which I think was/is a great price !!!)

Blessings

(45 Min. later, the $582.03 is not looking all that good . . . me bad) But again, I'm in it for the long runnnnnnnnnnnnn.

s4ny

Got it! 19.83

Placid

Looks like sub 19.00 soon

tnspro

<< <i>Well, my finger must have been to close to the trigger , as I now have 150 more Maple's on the way . . . LOL
(GOT it at $582.03 per roll, which I think was/is a great price !!!)

Blessings

(45 Min. later, the $582.03 is not looking all that good . . . me bad) But again, I'm in it for the long runnnnnnnnnnnnn. >>






Well, ya....I just saw your post and wondered why anyone would be buying, especially that much at this time? It seems to me your are wasting your money....

johnny9434

id love to see $18 or less.

derryb

More taper talk today from the FED minutes. Watch their hands, not their lips. Equities will also react - traders know it is no longer about the actual stock, it is about the perceived flow of money into or out of the stock.

As Michael Pento correctly points out a US FED taper cannot occur without coordinated tapering from the central banks of Europe and Japan. The yen and the euro are 71.2% of what determines strength of the dollar index. Going it alone the FED will feed it's number one fear, deflation, with a soaring dollar. The three central banks will have to taper in unison to keep each of their currencies "stable." What are the odds on the three of them agreeing to anything?

When the reality of no taper sinks in once again, silver (and equities) will reverse course. It's the FED's "dump and pump" program. Take advantage of the opportunity, but wait for a bottom.

Coulport

Just hold steady for 3 days then it can drop . I would be happy then.

piecesofme

Just hold steady for 3 days then it can drop . I would be happy then


LOL, How many times have I been in that psoition LOL.

AcesCracked

AcesCracked

I wish we could pre order monster box of 2014 ASE's with this drop. When will they become available?????

Tom

derryb

C'mon sub $19 silver. . .

Bochiman

I was watching the price on SAEs go down, getting ready to get a roll or two, when I saw the premiums go up a buck. So, sub-$20 may not always equate to lower prices on some bullion items....

Zubie

<< <i>C'mon sub $19 silver. . . >>


Yep, I have lots of silver in my cart and almost pulled the trigger at $19.70. But, I going to hold out for sub $19 and then empty my cart.
Hoping to see it next week...