Is it too late?

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laserart
laserart Posts: 2,255 ✭
in Precious Metals
to buy silver?
"If I had a nickel for every nickel I ever had, I'd have all my nickels back".

Comments

  • guitarwes
    guitarwes Posts: 9,308 ✭✭✭
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    you mean is it too late to buy cheap silver? probably

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • BBN
    BBN Posts: 3,761 ✭✭✭
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    IDK. I peronally don't think it is. I agree with Wes in that it's probably too late to buy $10-15 silver, but I still think it's fine to get into now and just stack and stash.

    Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin

    #1 1951 Bowman Los Angeles Rams Team Set
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  • halfhunter
    halfhunter Posts: 2,770 ✭✭✭
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    Never too late to exchange empty promises for REAL money ! ! !

    The ride is just beginning . . . image

    Cheers,

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
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  • mkman123
    mkman123 Posts: 6,849 ✭✭✭✭
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    jump in and start buying! Don't wait on the sidelines.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    Only if you think your dollars are going to grow in value

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

  • 57loaded
    57loaded Posts: 4,967 ✭✭✭
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    if you think we are our of the "recession" and Happy Days are Here Again", then yes.
  • cladking
    cladking Posts: 30,312 ✭✭✭✭✭
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    Physical silver remains the best long term investment in the world.

    Well, except for maybe clad. image
    tempus fugit extra philosophiam.
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    I hate theis expression generally but here goes.................Buy the dips. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • Barndog
    Barndog Posts: 20,529 ✭✭✭✭✭
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    buy some on November 3rd
    JR Newsletter Online Edition
  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    This is still cheap silver. The Fed has a new inflationary policy. They finally went public with what we already know.

    To me this is the mid-70's....post recession but with numerous economic issues. (Except this time our economy is much, much worse). Whenever we hit the 1979-1980 equivalent we will hit a new paradigm in valuation. We are not there yet but we will see unfathomable values. Back them $850 gold and $47 silver was unimaginable in the early '70's. We may see fantasy numbers in the future like $8,000/450. Outrageous, I know. Note: I wouldn't want to experience that kind of world.

    Another thought I have is this time we are tied to the Internet for info whereas in 1980 info came from newspapers and network news. How will in information-age skew the peaking process. I think many will get scared out too early and sell. Information can be your friend or your it can be your worst enemy.
  • TomB
    TomB Posts: 23,189 ✭✭✭✭✭
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    I imagine that if you don't jump in now that you will ask this question again in April of 2011 and then again in August of 2011 and then again...
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    image
  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    I dunno.

    what's your current asset allocation, what's your time horizon, what's your risk tolerance, and what are your financial goals?

    Liberty: Parent of Science & Industry

  • morgansforever
    morgansforever Posts: 8,512 ✭✭✭✭✭
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    <<Is it too late?>>

    You gotta get in some time.
    I remember buying at $6 and thinking to myself is this the right decision.
    Said the same at $10, $15, $17. Start by pulling your copper cents from your change, at face.
    Copper will be the new silver when the chage from internal combustion to electric occurs.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    << <i><<Is it too late?>>

    You gotta get in some time.
    I remember buying at $6 and thinking to myself is this the right decision.
    Said the same at $10, $15, $17. Start by pulling your copper cents from your change, at face.
    Copper will be the new silver when the chage from internal combustion to electric occurs. >>



    Copper will be the new silver...I like it.
  • 2ndCharter
    2ndCharter Posts: 1,743 ✭✭✭✭✭
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    Is it too late?

    As long as the government continues to spend money like drunken sailors, it will never be too late.

    (An apology to drunken sailors as they only spend what they have in their pockets).

    Member ANA, SPMC, SCNA, FUN, CONECA

  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    No.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434
    johnny9434 Posts: 34,066 ✭✭✭✭✭
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    no to the cheap silver.
  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    It's never too late as silver will still increase in value quite a bit.

    However, I would wait and buy a dip.

    Why? Because to think that silver will never drop below its Friday close is nuts.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • waltscoins
    waltscoins Posts: 55
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    Perhaps a bit late to the party for silver.
  • CoinCrazyPA
    CoinCrazyPA Posts: 2,899 ✭✭✭✭
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    I last bought silver only a week or so ago at $20.81. I hope it pulls back around there. If so I will load up even more. If not I will wait for some sideways action and then buy more, I hope this makes sense to you.
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

    Successful Trades: Swampboy,
  • Meltdown
    Meltdown Posts: 9,284 ✭✭✭✭✭
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    I'm currently hoping for another small pulback to $20ish. I am happy with what I've managed to accumulate so far,
    but just can't help thinking right now that... $100 bucks will only get me 4 ounces of silver? image
  • 1jester
    1jester Posts: 8,637 ✭✭✭
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    Before too long, $100 will get you only 2 ounces, then one ounce.

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • nutmeg
    nutmeg Posts: 345 ✭✭
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    Having bought silver bars at $8 an oz. and silver eagles at $12 or $13 each, a 10 oz. JM bar at $158;
    I now have a hard time coughing up what it takes to buy silver bullion. I have not paid the price to buy more lately.
  • CoinCrazyPA
    CoinCrazyPA Posts: 2,899 ✭✭✭✭
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    << <i>I'm currently hoping for another small pulback to $20ish. I am happy with what I've managed to accumulate so far,
    but just can't help thinking right now that... $100 bucks will only get me 4 ounces of silver? image >>



    Ah to sit here and remember the good old days when you could get 10 ounces for $100.
    Positive BST transactions: agentjim007, cohodk, CharlieC, Chrischampeon, DRG, 3 x delistamps, djdilliodon, gmherps13, jmski52, Meltdown, Mesquite, 2 x nibanny, themaster, 2 x segoja, Timbuk3, ve3rules, jom, Blackhawk, hchcoin, Relaxn, pitboss, blu62vette, Jfoot13, Jinx86, jfoot13,Ronb

    Successful Trades: Swampboy,
  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    << <i>

    << <i>I'm currently hoping for another small pulback to $20ish. I am happy with what I've managed to accumulate so far,
    but just can't help thinking right now that... $100 bucks will only get me 4 ounces of silver? image >>



    Ah to sit here and remember the good old days when you could get 10 ounces for $100. >>



    Or rolls of SAEs for $100~120
  • CaptHenway
    CaptHenway Posts: 34,167 ✭✭✭✭✭
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    I can remember dealers at shows dumping out bags of average circ. silver dollars into big plastic bins, your pick at $1.50 each.
    People complained that that was too high.
    TD
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • renman95
    renman95 Posts: 7,037 ✭✭✭✭✭
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    Seeing how everyone is waiting for a pullback we will probably see $30 before we see $20.

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