Where will you be if silver drops below 40 ?

Strong nibbler between $38 and $33.

Watcher between $32 and $24.

Strong watcher between $23 and $14.

Below $14, STRONG buyer.

Below $10, strong nibbler.

................

the "still looking good camp." Most of my physical was purchased for less than $17. Most of my paper (retirement accounts) was purchased around $29. When it gets to $10 I'll start cutting losses.

Pucks might be my longterm strategy from this point forward. How lame is that?

back the truck up!

sitting plush with a royal flush

"Pucks might be my longterm strategy from this point forward. How lame is that?"

Pucks, yeah, that's the ticket.
Can't for mine to arrive from last weeks Mint sale.

I'll be in the same camp ive been since 2007 , sitting on a pile of Canadian and Australian and getting on with planting for the new season.Ive no intention of selling at any price , if it drops i buy more but it would need a heck of a drop to intice me.

Apart from the 15oz I ordered between last week and today (puck and some rounds) I think I'm averaged at about $19-20~/oz for my measlee stack.

Nothing will change below $40 for me. I'll still have the same amount of silver. Don't plan on buying any more or selling any in the near future

Judging by this afternoon's action, maybe sitting at the dinner table tonight.

This correction shouldn't be a surprise to us here.


Now if that isn't the statement of the year, to date? I'm in the camp that sold off most everything, but it wasn't to cut my losses as the poll asks, it was to lock in profit already realized.
Going forward with what i kept and what i've added since my big sell off (2.5 bags of 90% was big for me), I am cautiously buying. So I didn't vote because none of the choices applied to my situation really.

Well silver just dropped because I acquired some lol I am in at 45.50 plus the 3.50 tulving fee OUCH Good thing it was some extra cash I had laying around so I can sit on it indefinitely, but the pain is still the same. Maybe when it gets lower i will acquire some more, this will probably be a race to the bottom...

Back in 2008 when silver dropped from $21 to $10 practically in 24 hours, I didn't lose one minute's sleep that evening.

Things haven't changed this time around.

Still snoozing away!

Most of mine was pusrchased way back at the 6-7 dollar level which was quite substantial. I made another huge purchase at the 13-14 dollar mark and have not sold any as of yet so I realy don't care at this point unless it hits $75 plus then I will consider selling some. I have 10-15 years before I am on the really want/need to sell point so I just keep riding the coaster in the mean time. :-)

<< <i>

<< <i> Below $14, STRONG buyer.

Below $10, strong nibbler.

................ >>



Let me get this straight, if it falls to $13 you are going to buy a bunch, but if it falls to $9 you'll buy less? I guess it depends why you think it has fallen/is falling. But that approach seems counterintuitive to me. >>




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Silver has fallen below its production cost in the past.

Below $10, it scares me MUCH more than it does at $13.75+.


................

If deflation is a severe threat, we should know it by the
time silver is in the low-teens. It would be silly to buy
into anything that had no upward pressure.

I still think silver sees $100 before it sees $10, but I like
to buy into stuff that I SEE going up.

Buying deflated real estate produces income; buying a
deflated commodity can produce a two-decade wait.


.................................

Folks who have no silver should buy some.

Folks with lots of silver should consider taking some profits,
AND/OR becoming a watcher for a bit.

what are "pucks"? Look Here.

Otherwise known as "America The Beautiful 5 oz. Silver Quarters", the bullion versions are distributed by Authorized Mint Distributors, and the "collector versions" are being sold directly by the Mint.

Not to be confused with the actual America The Beautiful Quarters, of which there are both clad circulating versions, and proof silver sets.

The reason I like the 5 ozers right now is because I still want to add to my silver position - in smaller bites now, but nevertheless still accumulating. The numismatic aspect keeps my interest, and so does the larger design size.

<< <i>what are "pucks" >>



A big or I say huge .999 state quarter. Mint gonna ride state quarter success to infinity I suppose.

Could be they just have no more good ideas. I'm just bumfuzzeled to why a 5oz quarter design

then i'd take a dump in every pair of pants i own

<< <i>Who are the 30 people who said "backing up the truck" ?

The silver market is very overleveraged right now. Too many people bought on margin that are going to get squeezed out.
Perhaps 28 will be the max threshold for most of them. >>



I guess they are busy backing up the truck. I'm sure they will check in later

<< <i>As per the OP, where am I? Brazil. I saw it just hit $39.99 on Kitco. And to boot, the exchange rate is the worst I've ever personally seen. Last night I shared a 3.5 liter Tower of Power (Brahma beer) with some comrades and it cost me 50 Reais...$35! >>




luv Brasil!

been to Rio, Bahia, Santa catarina


hopin to go this jan

I'm one of the truck guys, I bought yesterday. No skin off my back though, just added my normal budget to the stack, not going to worry about a couple bucks on a 10oz purchase, especially when I'll put that next to my roll of $5/oz eagles.

<< <i>I got my checks from APMEX, had to hurt their feeling cutting checks for 48.28 and 50.32 per oz and the market is in a major correction! I'm going to buy all the silver back I sold at $34..... >>

There going to be even more underwater after next tue

Not referring to the storm, I wish all well who has to ride this out. Talking about the price and the following wed dependent on election outcome.