I know what you are saying about the price. The USMint silver proof sets are 67.95 and have a value (using silver's current price) and the monetary value of the non silver coins almost is the going price. So I think a good deal since they are a better quality of silver and if prices decrease will still have the intrinsic value they hold, if prices on silver continue to go up-silver investment. Just another idea. Probably the mint will put up the price soon if silver continues to go up, maybe even at these prices.I am still buying, even at these levels. I dont have a ton of money right now, Im working on my credit card debt, but bought 6 z today at $44.75 each. And to think, my first 100 z buy was at $11.50 spot, paid $12.50.
I am a tad weary of a crash in this insane run up, but I am going to continue to buy as long as the Fed continues to print money. Which I guess will be forever? I have seen too many boom/busts to listen to any argument against a possible massive sell off, no matter how doubtful that may be.
If there is a crash in silver, I will continue to buy, and I guess we would all be better off anyway, cause the only way I can see a crash coming, other than a pure bubble burst (ceteris paribus), is a strengthening in the dollar/economy. Which also seems pretty doubtful.
If only I could get my father and my girl to listen to me. My dad thinks Ive lost it, with all of my wild theories about the gumt, and my girl knows Ive lost it. I need to stop watching alternative news, and stick to MSNBC.
Then everything will be all better.
Silver dropped dramaticly yesterday.Its down $2 to $44.90 after hitting $49 yesterday. Thats a huge 10% swing in less than 24 hours. I cant help wondering if this is a beginning of a correction, or it getting so close to $50 that people just felt they had to sell.
Then again, maybe is just a temporary hiccup, and I should be hustlin to the store to get me some more...
Hi Irritated....I have some morgans that I picked up...(about $3500) I'm curious regarding the volume of silver your talking about...I'm trying to gage where I should be targeting.I'm kinda shaking in my boots.
I've read all negative reports regarding silver and how the bull has become a bear, etc...etc...
Reports are saying silver has dropped due to oil prices dropping and the fact that there is no word yet on the state of the dollar besides that it is down 2.5%. And there is word of corrections. My friend who has been a long-time silver investor told me last month to sell @ 35.00 an ounce. I didn't listen.
I think this is a test. I don't see oil getting cheaper and I do believe the price will go up again. There is almost no doubt about it. Part of me wants to sell my silver and switch it to something a little bit more stable like gold. However, I believe I'm just going to observe this week and see what happens. Right now, silver is down to $45.12...