Serious question:
ChrisRx
Posts: 5,619 ✭✭✭✭
Do people actually acquire silver bullion at this level?
Seriously.
Seriously.
0
ChrisRx
Posts: 5,619 ✭✭✭✭
Comments
Some people bought silver when it hit $30 and everybody said it was too high.
Some people are buying at $40.
Velocity, Not Valuation Defines A Bubble.
<< <i>Some people bought silver when it hit $20 and everybody said it was too high.
Some people bought silver when it hit $30 and everybody said it was too high.
Some people are buying at $40. >>
Understood. Someone is going to be still standing when the music stops.
To be all in will tend to
maximize potential profits or losses. One can be one of three
animals, a bull, a bear or a pig. Only time will determine, who at this point
is a winner and who is a wiener.
Camelot
This is nothing
With the facts that JP Morgan Chase got caught red handed suppressing the silver market in March of last year.
And it being learned that they have been doing it for years.
China going from an exporter of gold to one of the largest importers of gold and silver on the planet.
Encouraging their population to buy gold and silver.
Russian and China setting up an direct exchange at the end of last year so that could trade directly
with out using the U.S. Dollar.
The absolute failure in the Euro experiment, Countries on the better off side (UK, Germany) are quickly becoming
rebellious due to the fact that they are losing their standard of living to bail out poorer countries
(Greece, Portugal)
One more thing gold and silver have been money for thousands of years with a historical ratio of I believe
to be 16 to 1 with the decades of silver price suppression and the hard core marketing campaign
to make people believe that paper is worth more than silver and gold
People are starting to remember that gold and silver is actually money.
I personally think since the price suppression scheme has been figured out by people
that silver is just trying to catch up to it's self and it's historic ratio to gold
which with gold at this level then silver should be about $90.00 per ounce.
A buddy of mine that owns a coin shop were discussing this very topic this afternoon
and he reminded me of when I first told him about the JP Morgan Silver Manipulation
back in March of last year. And he told me that back then he actually thought
I had gone off my nut when I suggested to him to start buying as much as he could lay
his hands on because silver was going to $30.00 an ounce by next year
I'm glad I was wrong
----
For every sale it is required there be a buyer. Required is the conjugate pair. 'You can't have the one without the other'.
----
On the BST and in the Bargain Bin, we're seeing brisk sales continuing. I assume that others, like myself, haven't even gotten so far as to post because the darn stuff flies out the door as quickly as it comes in. No need to make 2 phone calls as a rule.
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Buyers are getting early 60's proof sets at melt. Sellers are unloading an albatross they bought 50 years ago, mistaking it for a good investment at the time and now realising that if they've got a chance, this is it!. Yahoo! At $25 per, they have recovered almost half of what they lost to inflation. Other such collectibles are similarly selling and goodness only knows what shall appear from grandpa's sock drawer as this run continues!
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Join in the fun while you can, this only happens every 30 years or so!
<< <i>Do people actually acquire silver bullion at this level?
Seriously. >>
Ok...a question for you. Are you calling a top at $42-$50? Just curious.
10ozs at $40
15ozs at $39.70
2 ozs at $38
Sold a crap load when it hit $30
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
I have silver @ $10
I have silver @ $15
I have silver @ $20 (bought 300oz at that price and was the ONLY time I ever even felt a twinge of doubt about buying any PM)
I have silver @ $30
And I have silver @ $36
For the record Chris, im not buying at these prices.....but its got nothing to do with the price of silver.
And someone else just continues to stand there in the same spot.
It's not a race, and fast money speculation isn't the way to be in this market, btw. Especially not now.
I knew it would happen.
In my opinion, todays prices will look cheap at this time next year.
<< <i>Do people actually acquire silver bullion at this level?
Seriously. >>
Why wouldn't you?
<< <i>Absolutely,
With the facts that JP Morgan Chase got caught red handed suppressing the silver market in March of last year.
And it being learned that they have been doing it for years.
China going from an exporter of gold to one of the largest importers of gold and silver on the planet.
Encouraging their population to buy gold and silver.
Russian and China setting up an direct exchange at the end of last year so that could trade directly
with out using the U.S. Dollar.
The absolute failure in the Euro experiment, Countries on the better off side (UK, Germany) are quickly becoming
rebellious due to the fact that they are losing their standard of living to bail out poorer countries
(Greece, Portugal)
One more thing gold and silver have been money for thousands of years with a historical ratio of I believe
to be 16 to 1 with the decades of silver price suppression and the hard core marketing campaign
to make people believe that paper is worth more than silver and gold
People are starting to remember that gold and silver is actually money.
I personally think since the price suppression scheme has been figured out by people
that silver is just trying to catch up to it's self and it's historic ratio to gold
which with gold at this level then silver should be about $90.00 per ounce. >>
Great summation imho
I have silver @ $9 (when I first started buying, it was 2 ingots for less than a measly 20 dollar bill...)
I have silver @ $14 (bought my first 100oz bar for $1,428 delivered.)
I have silver @ $20
I have silver @ $30
I have silver @ $40
I have silver @ 50 thanks to those damn hockey pucks I bought this week.
Didn't we have this same conversation when it hit $20 and again at $30???
Fred, Las Vegas, NV
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......
Steve
BTW . . . Traded all of that ol'stinky scrap 40 & 90% for Silver Eagles and some cash in January '09.
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
Me, I flinch at these levels. Unfortunately, a good bunch of my silver is harder to liquidate dark side coins. The only coins I am thinking about selling are some of my common slabbed Morgans.
If silver is a bubble market, dollar cost averaging is a poor strategy. Folks that decide to average in starting today, will buy way too much on the down leg of the move and can get trapped for many years at a high average price. Of course no one knows if this is a real bubble, and if it is, where the top is. Sentiment is still kind of quiet so still favors the bullish case. There has not been a big influx of bullion newbies from the U. S. coin forum. Mostly, it seems the coin collectors are in two camps. The ambivalent, who didn't care, and still don't care, or a second group that is jealous and angry that their collector coins are not participating as much in the up move and talk about the pain when the bubble pops. In any case, chatter like that isn't talk that dominates at market tops.