Silver Down!!

scooter25 · April 26, 2007 1:53AM

I really do not like the new price of silver what happened to the 14$ silver if it keeps going 13$ silver might go away for a little while! Thouhts?

ziggy29 · April 26, 2007 1:54AM

If the price of silver wants to tank long enough for me to buy a few hundred ounces at a discount, I'm all for it.

jhusman · April 26, 2007 1:55AM

I am all about the drops for now. I want to buy some more.

richardshipp · April 26, 2007 1:57AM

<< <i>If the price of silver wants to tank long enough for me to buy a few hundred ounces at a discount, I'm all for it. >>

TwoSides2aCoin · April 26, 2007 2:03AM

Buy coins and forget the silver market.

This half ouncer sold last night on ebay for $68.99

jmski52 · April 26, 2007 2:04AM

ttown · April 26, 2007 2:12AM

Like this hasn't happened since $5 silver. As silver and gold go higher the swings will get bigger with the lower low being higher than last time. Buy on the dips and don't worry about it.

ledzep87 · April 26, 2007 2:14AM

Silver is down!?! Oh God, we ARE ALL going to die a slow and agonizing death. Run for your lifes!!!

relicsncoins · April 26, 2007 2:14AM

It's very simple what's going on. I listed a 10oz bar on Ebay the other day, and silver will steadily go down until it sells, and then will go back up.

TwoSides2aCoin · April 26, 2007 2:16AM

... back to coins

fishcooker · April 26, 2007 2:26AM

I don't know why you "don't like" a given commodity price of silver on any day, but if the root cause is financial then I suggest a break from investing and a hard look at your strategy.

As grandad use'ta say "When you're in a hole, first you have to stop digging."

SeaEagleCoins · April 26, 2007 2:32AM

<< <i>It's very simple what's going on. I listed a 10oz bar on Ebay the other day, and silver will steadily go down until it sells, and then will go back up.

>>

It's nice to know I'm not the only one who goes thru this...

Seems that whenever I buy the price goes down...then when I sell I have to sell at a discount... then as soon as I do sell...the price goes back up again AND suddenly, "everyone" asks me for one...

Not always...but it sure feels that way some days...

BTW...I do not mess with the stock market or commodities...IMO these are artificial environments where the ups and downs are manipulated by the 'big bucks' investors...

...so, now...back into my favorite pastime and hobby...and the supposed topic of this forum... COINS ... (not bullion)

oh great thread moderator...please forgive us our trespasses for we have strayed from the narrow path...we shall return to the topic of coins...and may all our bull--ion be redeemed...

TwoSides2aCoin · April 26, 2007 2:35AM

<< <i>...so, now...back into my favorite pastime and hobby...and the supposed topic of this forum... COINS ... (not bullion)

oh great thread moderator...please forgive us our trespasses for we have strayed from the narrow path....

>>

Ring my bell

I forgive ya though I ain't no moderator... just a simple coin guy

ModernCrapNut · April 26, 2007 3:28AM

Today's prices makes me glad I can't afford gold bullion.

Coxe · April 26, 2007 3:36AM

Unless the usfulness of silver (and other metals too) is evaporating and/or new huge deposits have been located and can easily be extracted, the bumps in the road are meaningless. If you are a flipping investor, we don't need to worry about those people's road rash. It does stink if you have eBay corks floating with the bullion prices though when this happens.

basestealer · April 26, 2007 3:40AM

It's a good opportunity to pick up some random year eagles on APMEX for those that are into that sort of thing.

ttown · April 26, 2007 3:51AM

For those that worry about a dollar or two drop in the price of silver you shouldn't be in it IMO. Then again you might not want to collect coins either, one paying retail on a coin and needing the money in a year needs to rethink things because your going to get KILLED on those too unless you get in right before a major bull run.

Silver and Gold as an investment needs at least 3 to 5 years to make a good profit although that hasn't been true in this bull run that could pause at anytime for months.

fishcooker · April 26, 2007 4:22AM

I've made many good profits without holding for 1 year, much less 3. The key is the strategy and understanding the market to the extent that it benefits the account balance. Beyond that, it's entertainment or a hobby.

storm888 · April 26, 2007 4:55AM

"For those that worry about a dollar or two drop in the price of silver you shouldn't be in it IMO. "

////////////////////////////////////////////////////////////

Those who hold more than a small amount, should be VERY
concerned when they do not dump at interim highs, and
repurchase at interim lows. Those folks are losing money.

The stuff is meant to be traded, not hoarded. Having a
thousand ounces or so, is fine. Sitting on huge profits that
can vanish, is just silly.

Metal-swings are going to get wild. Those who wait a while
will be buyers at $9.80 or less. They may miss some peaks,
but they will have their chance at some REALLY low prices.

ttown · April 26, 2007 5:07AM

<< <i>I've made many good profits without holding for 1 year, much less 3. The key is the strategy and understanding the market to the extent that it benefits the account balance. Beyond that, it's entertainment or a hobby. >>

And your right in the middle of a major bull market for the last 5 years. Will it last? More than likely until Uncle Sam stops the printing presses but just like the 80's if your holding the bag when the music stops you've lost quite a bit of money. If your an investor you should expect going in to hold at least 3 to 5 years and anything else is icing on the cake.

I been buying since 1999 both gold and silver and made profits too but selling 1/3 into strength and buying it back on the dips. Nothing last forever. Too many people on these boards just think everything will go up forever and panic when they see the wild swings not knowing what's causing them. As these prices continue to go up expect them to get worse not better.

Looking at history this isn't so much different than the early 1800's when banks were allowed to print there own money but were required to have silver in the bank to cover it. The Bust Half was the only silver coin being minted at the time and those set in bank valuts for many a decades, thank god for us collectors since there weren't many collectors back then. Some of these bank went belly up because they didn't follow the rules and didn't have the proper backing. It's not much different than what's going on today with more paper contracts than physical silver and it's just a matter of time until those holding them pay the piper IMO. It won't be the end of the world but many will get hurt very badly.

Burks · April 26, 2007 5:30AM

In the end I think silver will be a winner. As someone already mentioned, the price drops are mere potholes in the road. The good thing about them is if you buy at the right time, you will be a bigger winner in the end.

Too bad I didn't get more silver when it was $9 or even gold. Put my money into other meaningless crap (which I still made a slight amount of money).

jmski52 · April 26, 2007 6:50AM

A silver dime still buys what it did when I was a kid, when silver was $1.29/oz.

It's been to $50.00/oz. and now it's dropping from $14.00/oz.

I like silver at these levels. If silver drops 10% to 15%, it's going to have to keep on dropping to stay even with the dollar!

fishcooker · April 26, 2007 6:52AM

And your right in the middle of a major bull market for the last 5 years. Will it last?

To me it's not profitable to think about if a bull will last or not. If I fail to properly observe the marketplace (as the OP may have), a bull or bear market doesn't matter.

The account balance will tell me if I'm on the right track or not... if I choose to listen!

Silver Down!!

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