Let's say silver hits $5 (not far to fall now) what are your buying plans?

MsMorrisine

Heavy? Same? Not at all?

I think I might hit the monster box levels.

Barndog

likely would mean gold is in the dumper too. I'd opt for that. Easier to store.

bronco2078

<< <i>Heavy? Same? Not at all?

I think I might hit the monster box levels. >>




No way Jose, you will be paying 9 bucks per ASE .


I'll be backing up the one truck filling it with War nickles.

The other truck will be filled with canadian 80% silver dollars

ricko

I think gold would be the best deal.... however, a limited amount of silver, at the right opportunity - price, would probably be purchased. It will go up again... Cheers, RickO

cohodk

Threads are becoming more and more like those in 2011, only opposite.

BAJJERFAN

None, zero, zilch. When I sell what I have I'm done.

OPA

<< <i>None, zero, zilch. When I sell what I have I'm done. >>





To old to start all over again...Time for another round of "suckers," oops, I mean PM bulls, to get a taste of the excitement.

jmski52

Threads are becoming more and more like those in 2011, only opposite.

Yep, and in the not-so-distant future, probably not longer than another 4 years, all we're gonna hear is "should'a, would'a, could'a" ad infinitum.....................

clouisejewelers

If silver really drops to $5 I'm gonna build a small house out of 100 ounce bars.

metalmeister

I will Load up. Again!

BBN

Probably rolls of pre 1921 Morgans of Fine or better, but more gold than anything.

jmski52

If you think silver is going to $5, you should be selling everything right now. Just sayin'.

Pokermandude

I'd pinch myself, because I'd be dreaming.

OperationButter

Id love $5 silver, if i could actually buy it for close to spot. I think if we saw $5 silver, the premiums would push it up 60-80% over spot.

roadrunner

<< <i>If you think silver is going to $5, you should be selling everything right now. Just sayin'. >>



Exactly. We had those same discussions with member Deadhorse around here in 2004-2006 when silver was around $4-$8. He actually followed through and sold the house, etc. to buy a formidable stash.

Very few around here would even buy it at $5 reasoning that it can be bought cheaper at $3-$4.

MsMorrisine

I'm not calling it

I'm inclined to believe it will fall back there.

perhaps I should have had some leveraged down ETF back in the 20s when I first suspected we might head back to pre-crises levels.


but that is an aside to the topic.


I'm asking what if it sees $5, what purchasing changes, if any, would be made. I would increase my purchases greatly.

Baley

<< <i>Let's say silver hits $5 (not far to fall now) what are your buying plans?

Heavy? Same? Not at all?

I think I might hit the monster box levels. >>



Wow, $5 spot silver? I'd need to know the relative valuations of other kinds of assets, but it would be hard not to keep buying.

What kind of world has $5 or $50 silver?

the same kind as this one

mariner67

Assuming gold was also in the tank if silver hits $5 ....I too would load up big time on gold just for ease of storage.
Would be nice!

Baley

<< <i>Assuming gold was also in the tank if silver hits $5 ....I too would load up big time on gold just for ease of storage.
Would be nice! >>



For ease of storage, nothing beats early US half dimes. You could easily store a million dollars in thimble. Use a fine diamond and you can fit $10 million in there

hchcoin

Buy Buy Buy !

MsMorrisine

I can understand the gold questions.

If I were to ask the same question about gold the number would be $400. (not the lowest levels, but down near them)

cohodk

Very few around here would even buy it at $5

I won't buy it at 5, cuz it ain't going that low.

jmski52

If silver trends lower from $15 all the way to $5 over the next year or several years, I'd probably be buying. The only decision for me would be ATBs vs. ASEs vs. 90%. I'm leaning towards ATBs.

roadrunner

<< <i>Very few around here would even buy it at $5

I won't buy it at 5, cuz it ain't going that low. >>



I tend to agree. And that's why I doubt those same people hoping for $5 or $8 or even $10 might not get it. And they certainly won't considering buying "way up here" in the $14 range (or $12-$13). Basically, they won't be buying ever again until there are years of positive gains, and it costs them 2X, 3X, or 4X what it is today. Buy high....sell low.

TwoSides2aCoin

"Let's say … "

That's about enough to say "let's not".

asheland

<< <i>If silver really drops to $5 I'm gonna build a small house out of 100 ounce bars. >>