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Silver is dropping

skicatskicat Member Posts: 14,431 ✭
edited May 2017 in General Discussion
In case you are interested, silver is now in the $16.80's. No idea where bottom is but this recent dip is over $1.50 an oz. If I buy some this week it is almost as good as a guarantee it will drop into the 15's by next week.[:)]
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Comments

  • dav1965dav1965 Member Posts: 26,540 ✭✭✭
    edited November -1
    LOL i had it in my mind i was going to sell at 50 a few years ago. Still waiting. LOL
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  • Ford 23Ford 23 Member Posts: 3,129
    edited November -1
    When it hits fifteen something I will buy some.
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  • Don McManusDon McManus Member Posts: 23,695 ✭✭✭✭
    edited November -1
    My buy points are $ 15.00 or less for silver and $ 1,100.00 or less for gold. It has served me fairly well over the past couple of years.

    I just heard on the radio machine that after the last Fed increase the largest investment bank in the world purchase $ 300 million in gold, so I know it is going to hit $ 2,000.00 plus in a matter of months. Not sure if the guy talking was working for anyone, but he did mention that Lear Capital would help me do with this bank did.
    Freedom and a submissive populace cannot co-exist.

    Brad Steele
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  • WulfmannWulfmann Member Posts: 4,906 ✭✭✭
    edited November -1
    What annoys me are local dealer who seem to see the drop as a bigger profit margin and continue selling 1 oz coins for the same price $15-16-17-or 18 spot don't matter the Eagles are $20+
    3YUCmbB.jpg
    "Fools learn from their own mistakes. I learn from the mistakes of others"
    Otto von Bismarck
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  • gruntledgruntled Member Posts: 8,218 ✭✭
    edited November -1
    Most of the sellers on E-Bay are also not dropping their prices.
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  • MobuckMobuck Member Posts: 14,163 ✭✭✭✭
    edited November -1
    What's that make my Y2K stash of 100# of nickels worth?
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  • wpageabcwpageabc Member Posts: 8,760 ✭✭
    edited November -1
    Trick like the pros is buy low and sell high regardless of market spots...
    "What is truth?'
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  • Spider7115Spider7115 Member Posts: 29,704 ✭✭✭
    edited November -1
    Silver is at $17.47 right now
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    quote:Originally posted by Spider7115
    Silver is at $17.47 right now


    Not sure what you are looking at. Here is the chart I look at.

    http://www.kitco.com/charts/livesilver.html
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    quote:Originally posted by Wulfmann
    What annoys me are local dealer who seem to see the drop as a bigger profit margin and continue selling 1 oz coins for the same price $15-16-17-or 18 spot don't matter the Eagles are $20+


    ASE 's are under $20 right now.
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  • allen griggsallen griggs Member Posts: 35,696 ✭✭✭✭
    edited November -1
    "Trick like the pros is buy low and sell high regardless of market spots..."

    No, I say, "buy high sell low."

    I bought 3 Krugerrands last week at $1305. Now they are at $1290.

    Macht nichts, I wanted the gold. Love to look at, and play with, big gold coins.
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  • gruntledgruntled Member Posts: 8,218 ✭✭
    edited November -1
    Still dropping like a rock. $16.53 now. I bought 5 oz last night for
    $89.35 including shipping. (Get 2% back on my credit card)
    Just checked. It would be $87.95 now.
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  • Sam06Sam06 Member Posts: 21,244 ✭✭✭✭
    edited November -1
    I keep investing in lead[;)]
    RLTW

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  • retroxler58retroxler58 Member Posts: 32,693 ✭✭✭
    edited November -1
    quote:Originally posted by Sam06
    I keep investing in lead[;)]
    And copper cased with brass. [;)]
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  • Ford 23Ford 23 Member Posts: 3,129
    edited November -1
    Dropped to 16.38. Getting close to buying
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  • JnRockwallJnRockwall Member Posts: 16,352 ✭✭✭
    edited November -1
    someone help me with this.

    Silver is $20 an ounce for example. Gold is $1200. Just an example mind you...

    Why would anyone buy gold?

    If you buy 60 ounces of silver, a $1 move is $60, You aren't going to see a $60 move on gold. Not likely, but could happen.

    Which is the better odds of happening. $1 move on silver of $60 move on gold?
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  • wpageabcwpageabc Member Posts: 8,760 ✭✭
    edited November -1
    Buyers market...
    "What is truth?'
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  • skicatskicat Member Posts: 14,431 ✭
    edited November -1
    quote:Originally posted by JnRockwall
    someone help me with this.

    Silver is $20 an ounce for example. Gold is $1200. Just an example mind you...

    Why would anyone buy gold?

    If you buy 60 ounces of silver, a $1 move is $60, You aren't going to see a $60 move on gold. Not likely, but could happen.

    Which is the better odds of happening. $1 move on silver of $60 move on gold?



    People like gold.
    Gold is more portable.
    Not everyone is trying to take advantage of the volatility of PM's and are seeking instead a safe hedge against inflation and as a store of wealth.
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  • JnRockwallJnRockwall Member Posts: 16,352 ✭✭✭
    edited November -1
    thanks!
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