Silver is having a bad day

OPA · October 29, 2014 11:06PM

down by about 3.5% as I type & no bottom in sight.
Gold appears to be the stronger of the 2....down less than 1%

rawteam1 · October 29, 2014 11:10PM

That is not true, it's impossible, silver and gold can never lose, it's a figment of ones imagination, a fake price, how can paper dollars be worth more?, uncivilized...

OPA · October 29, 2014 11:12PM

<< That is not true, it's impossible, silver and gold can never lose, it's a figment of ones imagination, a fake price, how can paper dollars be worth more?, uncivilized...

>>

How dare you making a comment like that in a PM forum

Baley · October 29, 2014 11:12PM

Silver is having a bad 3 1/2 years and counting. That was quite a party in 2011

MGLICKER · October 29, 2014 11:15PM

<< Silver is having a bad 3 1/2 years and counting. That was quite a party in 2011 >>

Ahhh irrational exuberance. Seems to be normalizing as is gold.

DrBuster · October 29, 2014 11:18PM

I admit to doing some online 'browsing' this morning when I saw the $16.50 mark.

guitarwes · October 29, 2014 11:18PM

Silver might be having a bad day but it sure does make me smile when I hold it in my hands and look at it.

dontippet · October 29, 2014 11:22PM

<< I admit to doing some online 'browsing' this morning when I saw the $16.50 mark. >>

Me, too.

OPA · October 29, 2014 11:24PM

<< Silver might be having a bad day but it sure does make me smile when I hold it in my hands and look at it. >>

You must be a masochist....It makes me cry, thinking I could have gone to a casino with similar results.

guitarwes · October 29, 2014 11:34PM

The thing about holding silver vs. putting it all on red.........when you get home the silver is waiting for you even if your pockets are empty.
Silver's never been broke.

mariner67 · October 29, 2014 11:44PM

Wow, what a buying and trading oportunity!
I am diving in!

19Lyds · October 29, 2014 11:46PM

Silver hasn't been this low since October 2009!

I'm me-e-e-l-l-l-t-t-t-ing!

rawteam1 · October 29, 2014 11:47PM

<< Silver might be having a bad day but it sure does make me smile when I hold it in my hands and look at it. >>

I think they said that and are still saying that, u know the beanie babie buyers...

guitarwes · October 30, 2014 12:25AM

Luckily I didn't buy beanie babies and don't live in a world where they were/are an exchange for goods and services. Could you imagine? "Hey, I need a loaf of bread and a dozen eggs." "You got a pink Unicorn and a purple Hippo?" "Ummm, no. I have some silver coins though." "Well, beanie babies are the only thing that's buys stuff around here. Come back when you have at least a green horse. Get lost."

jmski52 · October 30, 2014 12:45AM

At this point, I might be tempted to buy some more, even though it's been a few years since I've bought some silver. For me, there's no rush and it's a matter of deciding what to do with the cash as it accumulates. Silver is looking more like a possibility, but any of the pms will do the job from my point of view. The problem with larger amounts of silver is then you have to consider where to put it. Plus, diversification within the metals actually does provide *some* buffering from big price movements.

BAJJERFAN · October 30, 2014 1:06AM

<< At this point, I might be tempted to buy some more, even though it's been a few years since I've bought some silver. For me, there's no rush and it's a matter of deciding what to do with the cash as it accumulates. Silver is looking more like a possibility, but any of the pms will do the job from my point of view. The problem with larger amounts of silver is then you have to consider where to put it. Plus, diversification within the metals actually does provide *some* buffering from big price movements. >>

A bad day for silver is a "GOOD" day for us, no?

The only thing I can see for silver now is an opportunity to "dollar cost average" down so that if you want to sell your stash/stack without incurring a loss you can. Frankly, I'd just as soon put the money into gold. The worst part is that it could be a long time before the opportunity to sell comes around. Then again, if 5 years down the road I lose $50 on an ounce of gold, it won't make me or break me.

MGLICKER · October 30, 2014 1:07AM

Not bullion per se, but I began liquidating a large hoard of common Morgan dollars a couple years ago. 75% are now gone.

Not an act of genius certainly, but my foreign owned bank kept jacking the safe deposit box fees through the roof. It was a pleasure closing them one by one as the annual payments came due.

topstuf · October 30, 2014 1:17AM

<< Not bullion per se, but I began liquidating a large hoard of common Morgan dollars a couple years ago. 75% are now gone.

Not an act of genius certainly, but my foreign owned bank kept jacking the safe deposit box fees through the roof. It was a pleasure closing them one by one as the annual payments came due. >>

Silver dollars are the only silver bullion that has held a decent premium.

In fact, other than culls and post 21, Apmex isn't even offering any.

Apmex silver dollars

MGLICKER · October 30, 2014 1:24AM

They seem to be available in BU.

Text

topstuf · October 30, 2014 1:52AM

I like AU

OPA · October 30, 2014 4:16AM

<< I like AU

>>

Likewise

piecesofme · October 30, 2014 4:17AM

Forget about every oz of silver you have, pretend you don't have any and it's all new to you. I realize where I'm asking these questions to follow, and you're on your honor to converse about this honestly, as if you had no previous feelings about it all.

Worlds longest pause...

Then ask yourself would you get into it right now, at this level (you're just now entering into it). Would you & why?

I'll go first...HELL NO!!! Why would I want to enter into something that has done nothing but fall for 3+ years? If one is being honest with oneself and simply looked at a chart of it over the last 5 years, there is nothing to convince me of entering even a small portion of my portfolio into silver.

Here's why. I would rather wait to see it bottom out and show signs of strength over a sustained time, say 6 months, before I would throw a nickel it's way. It's impossible for the avg. person to capture 100% of a move, picking the exact bottom and the exact top to sell. I would be very happy with realizing 50-70% of that entire bottom to top move. I am not greedy, I would be glowing with that.

My only problem is, I am not just entering into this shell game

Timbuk3 · October 30, 2014 4:23AM

Sure is, but still looking to buy !!!

DennisH · October 30, 2014 4:50AM

I want some -- because it has been falling for 3-1/2 years.

guitarwes · October 30, 2014 5:55AM

"Why would I want to enter into something that has done nothing but fall for 3+ years? If one is being honest with oneself and simply looked at a chart of it over the last 5 years, there is nothing to convince me of entering even a small portion of my portfolio into silver."

Same could be said for the stock market. Would the wise investor jump in now nearing all time highs? You got to ride the waves man.

PerryHall · October 30, 2014 7:24AM

<< "Why would I want to enter into something that has done nothing but fall for 3+ years? If one is being honest with oneself and simply looked at a chart of it over the last 5 years, there is nothing to convince me of entering even a small portion of my portfolio into silver."

Same could be said for the stock market. Would the wise investor jump in now nearing all time highs? You got to ride the waves man. >>

Agree with Wes. Silver is now on sale at bargain prices.

derryb · October 30, 2014 7:45AM

<< Silver is now on sale at bargain prices. >>

silver will get cheaper. Build cash and wait for sub $16.

Julio · October 30, 2014 7:47AM

renman95 · October 30, 2014 8:07AM

<< 

<< Silver is now on sale at bargain prices. >>

silver will get cheaper. Build cash and wait for sub $16. >>

This. Maybe $12-$14.

I sold almost all of my silver while still in CO, 2012-3, not because I'm a great seer. I sold because it was too heavy to move with security.

Since then I have bought just one roll of silver; the 2013 DCarr Buffalo Centennial rounds.

Bochiman · October 30, 2014 8:24AM

Where are the Apmex ebay deals today?

Kip · October 30, 2014 8:50AM

<< Where are the Apmex ebay deals today?

>>

JM for $199.58

1 oz Johnson Matthey Silver Bar - Lot of 10 - SKU #82937
Buy with confidence & Free Shipping from APMEX on eBay!

piecesofme · October 30, 2014 9:29AM

This. Maybe $12-$14

I wont care anymore at that point. I'll sell it all for a loss if it breaks $teens.

1 oz Johnson Matthey Silver Bar - Lot of 10 - SKU #82937

Those are the new bars, didn't Silvertowne make them for them. Personally I have no interest at any price other than $2 under Spot in those...which means I have no interest. Now if they were selling the original versions at that price, I'd nibble.

Kip · October 30, 2014 9:35AM

<< This. Maybe $12-$14

I wont care anymore at that point. I'll sell it all for a loss if it breaks $teens.

1 oz Johnson Matthey Silver Bar - Lot of 10 - SKU #82937

Those are the new bars, didn't Silvertowne make them for them. Personally I have no interest at any price other than $2 under Spot in those...which means I have no interest. Now if they were selling the original versions at that price, I'd nibble. >>

also have
10 oz Royal Canadian Mint Silver Bar - New RCM Silver Bar - SKU #83022
Buy with confidence & Free Shipping from APMEX on eBay!

Quantity:
More than 10 available / 87 sold
Price:
US $199.63

PerryHall · October 30, 2014 9:36AM

<< This. Maybe $12-$14

I wont care anymore at that point. I'll sell it all for a loss if it breaks $teens.

1 oz Johnson Matthey Silver Bar - Lot of 10 - SKU #82937

Those are the new bars, didn't Silvertowne make them for them. Personally I have no interest at any price other than $2 under Spot in those...which means I have no interest. Now if they were selling the original versions at that price, I'd nibble. >>

I believe it is Sunshine Minting that are producing them. They are nothing special as they are in current production and readily available. One thing about them that may appeal to some silver buyers is that each bar has a unique serial number.

piecesofme · October 30, 2014 9:41AM

Agreed PH.

Apmex still wants on avg. $225 for Engelhard 10's.
and they'll probably sell out at that price too.
My "Spot goes lower, premiums go higher" fact still in full effect

derryb · October 30, 2014 9:54AM

Provident continues to have a great price on the new RCM 10 oz. bars at $1.29 over spot

Currently 178.50 per 10 oz. bar

shadargroup · October 30, 2014 11:17AM

Remember.. long term investing. "True" long-term investing.. ;-)

PerryHall · October 30, 2014 8:01PM

<< Remember.. long term investing. "True" long-term investing.. ;-) >>

Some of us here aren't that young.

OPA · October 30, 2014 8:30PM

<< 

<< Remember.. long term investing. "True" long-term investing.. ;-) >>

Some of us here aren't that young.

>>

+1

MGLICKER · October 30, 2014 8:34PM

<< 

<< 

<< Remember.. long term investing. "True" long-term investing.. ;-) >>

Some of us here aren't that young.

>>

+1

>>

What the hell....it has been a great run.

pf70collector · October 30, 2014 11:55PM

I stopped buying the 5 oz ATB Ps from the mint 2 months ago. Not a good deal anymore at $154. My last big silver purchase were the baseball HOF silvers at 47 coins from the mint. I may break even if I sell the HOF now, but will wait a few years to see how these do. I haven't bought any stackable non-numismatic silver for a few years now.

PeacePeople · October 31, 2014 12:43AM

I believe the real question is, are any of you panic selling?

MGLICKER · October 31, 2014 12:50AM

<< I believe the real question is, are any of you panic selling? >>

Some here may sell to raise cash for other needs, but this is not the panic type crowd. Most members are pretty stable in their decision making.

Wingsrule · October 31, 2014 12:55AM

Apmex' premiums on 10 oz Engelhards have remained at a $41 spread for quite some time now. Big show this weekend, I will be looking to buy.

PerryHall · October 31, 2014 12:58AM

<< 

<< I believe the real question is, are any of you panic selling? >>

Some here may sell to raise cash for other needs, but this is not the panic type crowd. Most members are pretty stable in their decision making. >>

I agree with this. I'll sell only if I need the money for something important, especially at these prices. Actually I'm thinking of buying some more.

Placid · October 31, 2014 1:06AM

How long until silver goes under $15?

PeacePeople · October 31, 2014 1:13AM

<< 

<< 

<< I believe the real question is, are any of you panic selling? >>

Some here may sell to raise cash for other needs, but this is not the panic type crowd. Most members are pretty stable in their decision making. >>

I agree with this. I'll sell only if I need the money for something important, especially at these prices. Actually I'm thinking of buying some more.

>>

So pretty much the same program that I run. The one difference may be that I don't have any substantial income from Dec thru Feb, so I do sell some during those times, or sell, buy, sell and wash rinse and repeat to raise cash and try to give up as few ounces as I can.

OPA · October 31, 2014 1:54AM

<< I stopped buying the 5 oz ATB Ps from the mint 2 months ago. Not a good deal anymore at $154 >>

Same here, also dropping the 10% discount was a great factor. I'm surprised that the Mint has not reprized their silver products. Last reprise was at about $22.

rawteam1 · October 31, 2014 2:04AM

<< The one difference may be that I don't have any substantial income from Dec thru Feb, so I do sell some during those times, or sell, buy, sell and wash rinse and repeat to raise cash and try to give up as few ounces as I can. >>

I'm your huckleberry...

BAJJERFAN · October 31, 2014 2:21AM

<< I believe the real question is, are any of you panic selling? >>

I took rawteam's advice and sold it on CraigsList for $100 a roll!

piecesofme · October 31, 2014 2:23AM

Easy come easy go.
I wasn't complaining when I was turning decent profits flipping for the level that I was doing on the run up, so now I view this just as a time of having to sit tight and ride it out, although I do have a breaking point in mind where I would sell it all. Not too proud to admit a loss riding something out too long.
401k and other investments have done surprisingly well this year so far. I guess the pm's owned is playing out to be the chink in the armor.

Silver is having a bad day

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