Silver is having a bad day

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OPA
OPA Posts: 17,166 ✭✭✭✭✭
in Precious Metals
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%
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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  • rawteam1
    rawteam1 Posts: 2,472 ✭✭✭
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    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...
    keceph `anah
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    << <i>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...

    >>

    image

    How dare you making a comment like that in a PM forumimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Silver is having a bad 3 1/2 years and counting. That was quite a party in 2011

    Liberty: Parent of Science & Industry

  • MGLICKER
    MGLICKER Posts: 7,995 ✭✭✭
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    << <i>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
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    I admit to doing some online 'browsing' this morning when I saw the $16.50 mark.
  • guitarwes
    guitarwes Posts: 9,308 ✭✭✭
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    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.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • dontippet
    dontippet Posts: 2,619 ✭✭✭✭
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    << <i>I admit to doing some online 'browsing' this morning when I saw the $16.50 mark. >>




    Me, too.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    << <i>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. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • guitarwes
    guitarwes Posts: 9,308 ✭✭✭
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    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.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • mariner67
    mariner67 Posts: 2,746 ✭✭✭
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    Wow, what a buying and trading oportunity!
    I am diving in!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • 19Lyds
    19Lyds Posts: 26,521 ✭✭✭✭
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    Silver hasn't been this low since October 2009!


    I'm me-e-e-l-l-l-t-t-t-ing!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • rawteam1
    rawteam1 Posts: 2,472 ✭✭✭
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    << <i>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...
    keceph `anah
  • guitarwes
    guitarwes Posts: 9,308 ✭✭✭
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    image 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."
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    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.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BAJJERFAN
    BAJJERFAN Posts: 31,662 ✭✭✭✭✭
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    << <i>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?image 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.
    theknowitalltroll;
  • MGLICKER
    MGLICKER Posts: 7,995 ✭✭✭
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    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
    topstuf Posts: 14,803 ✭✭✭✭✭
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    << <i>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
    MGLICKER Posts: 7,995 ✭✭✭
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    They seem to be available in BU.

    Text
  • topstuf
    topstuf Posts: 14,803 ✭✭✭✭✭
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    I like AU

    image
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    << <i>I like AU

    image >>



    Likewise image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    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 image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Sure is, but still looking to buy !!! image
    Timbuk3
  • DennisH
    DennisH Posts: 14,041 ✭✭✭✭✭
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    I want some -- because it has been falling for 3-1/2 years.
    When in doubt, don't.
  • guitarwes
    guitarwes Posts: 9,308 ✭✭✭
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    "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.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • PerryHall
    PerryHall Posts: 47,758 ✭✭✭✭✭
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    << <i>"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.

    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

  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    << <i>Silver is now on sale at bargain prices. >>


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

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Julio
    Julio Posts: 2,501 ✭
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    image
  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    << <i>

    << <i>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. image Since then I have bought just one roll of silver; the 2013 DCarr Buffalo Centennial rounds.
  • Bochiman
    Bochiman Posts: 25,790 ✭✭✭✭✭
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    Where are the Apmex ebay deals today? image

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Kip
    Kip Posts: 852
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    << <i>Where are the Apmex ebay deals today? image >>



    JM for $199.58

    1 oz Johnson Matthey Silver Bar - Lot of 10 - SKU #82937
    Buy with confidence & Free Shipping from APMEX on eBay!
    UCSB Electrical Engineering....... USCG and NASA
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    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.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • Kip
    Kip Posts: 852
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    << <i>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



    UCSB Electrical Engineering....... USCG and NASA
  • PerryHall
    PerryHall Posts: 47,758 ✭✭✭✭✭
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    << <i>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.


    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

  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    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
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derryb
    derryb Posts: 38,614 ✭✭✭✭✭
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    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

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • shadargroup
    shadargroup Posts: 144 ✭✭
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    Remember.. long term investing. "True" long-term investing.. ;-)
    If you don't ask, you won't know...
  • PerryHall
    PerryHall Posts: 47,758 ✭✭✭✭✭
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    << <i>Remember.. long term investing. "True" long-term investing.. ;-) >>



    Some of us here aren't that young.image

    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

  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    << <i>

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



    Some of us here aren't that young.image >>



    +1 image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MGLICKER
    MGLICKER Posts: 7,995 ✭✭✭
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    << <i>

    << <i>

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



    Some of us here aren't that young.image >>



    +1 image >>



    What the hell....it has been a great run.
  • pf70collector
    pf70collector Posts: 6,862 ✭✭✭
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    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.
    Montana State Quarter Die Clash

    Box of 20
  • PeacePeople
    PeacePeople Posts: 106 ✭✭
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    I believe the real question is, are any of you panic selling?
    Nevermind...
  • MGLICKER
    MGLICKER Posts: 7,995 ✭✭✭
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    << <i>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
    Wingsrule Posts: 3,312 ✭✭✭✭
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    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
    PerryHall Posts: 47,758 ✭✭✭✭✭
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    << <i>

    << <i>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.image

    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

  • Placid
    Placid Posts: 11,299 ✭✭✭
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    How long until silver goes under $15?
  • PeacePeople
    PeacePeople Posts: 106 ✭✭
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    << <i>

    << <i>

    << <i>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.image >>



    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.
    Nevermind...
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    << <i>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.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rawteam1
    rawteam1 Posts: 2,472 ✭✭✭
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    << <i>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...
    keceph `anah
  • BAJJERFAN
    BAJJERFAN Posts: 31,662 ✭✭✭✭✭
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    << <i>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!image
    theknowitalltroll;
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    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.
    To forgive is to free a prisoner, and to discover that prisoner was you.

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