Is anyone buying silver at $44.56

Is anyone buying silver at $44.56 an ounce. When silver reached
$29 per ounce I stopped buying thinking that it had to drop. I wish
I could buy for $29 now.

 

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Nobody can predict the future. I wish I hadn't sold any before now.

However, it's starting to look parabolic, and I would be surprised if there isn't a steep downward correction soon.

I wouldn't be buying here.

 

There are lots of people buying at these prices. Not on this site, though most of the people here sold before $30.

 

Have not sold an ounce yet but am not comfortable buying at these levels either.

Bluesboy65

 

I bought two Dansco ASE sets (47 oz. silver) last night (one 26 coin 1986-2011 set and one 21 coin 1986-2006 set) for what I thought was a great price ($50 per coin). The spread between the high mintage 2011's and the lower mintage earlier years has really compressed of late making ASE sets a relative bargain in my eyes since the high mintage 2011's are going for well over $49 as of this morning; so basically i am paying an 80 cent premium per coin for all those low mintage years. A year ago you had to pay twice price of the current year for the key 1996 ASE.



The ASE mintages in the 80's and 90's are quite small when compared to the past couple of years (about 1/10th as many) -- and I think that years from now these low mintage years could potentially demand a more significant premium.

My collection of ASE's is over 1,000 coins now (most bought in the $17 to $19 range) sitting in a bunch of safe deposit boxes at my bank. I still think silver will head to $50 an ounce this year, and could approach $100 an ounce in a year or two.

When I get the new sets in hand, I will transfer the coins to the Intercept Album, which is nicer than Dansco's in my opinion. I love Intercepts dark green as it really shows off the silver coins.

 

i saw a guy at a coin show this past weekend have an 80lb silver bar and actually sold it. The guy that bought it paid somewhere between $50,000 and $55,000.

 

I sold most of what I had over the last 2-3 months, but of course I wish I had waited a little longer. $44.77 for silver, wow! I think it will hit $50 in the next couple of weeks because it is being pushed and manipulated by the big buyers. Along with that, I think it will have a big drop as soon as it hits $50. Hopefully it will be enough that I will buy back in for a little. I wouldn't buy above $35 right now as I think that should be the market price. The little investors that are buying now are going to get stuck and will have to wait a while to make back their money, IMHO.

 

silver is at $44.75 now ... closing in on $45 fast

 

I stopped buying any significant quantity at $20. Since then I've only bought a small number of coins to complete sets and a couple of other items I wanted.

 

I've been buying more over the last couple months because the high price of silver has pulled out some high-end and rare coins. When I check local dealers 'junk' silver bins, I'm very surprised by what I find.

I also have a family friend who intends to buy a bunch of silver as a hedge against inflation (despite my efforts to convince him to buy something less volatile like stock in mining companies or overseas bonds). I've offered to sell him 30-50 ounces at $2 below spot, which means that I've been able to buy some bulk lots, cherry pick out items for my collection, and then make sure that he's not getting played by an unscrupulous dealer.

 

I haven't sold any yet, and stopped buying at $33 an ounce. I think I will hold onto my silver until I retire, so no matter how high it goes, I don't think I'll sell. Plus, if you look at silver price charts, you can take the chart and flip it upside down, and it would be the buying power of the US dollar. For that reason, when I do sell, I probably won't convert it to US dollars, but some other commodity or tangible good.

 

It touched $45 this morning.

Something ain't right. The stock market is going crazy ("Sell in May and walk away" is in full blossom), and PMs are rising, too.

Historically, the two don't wildly rise in tandem.

 

The dollar index is pretty weak this morning. I attribute that to the rise in both stocks and PM's. IMO it has given the illusion of rising stocks in comparison, where as precious metals have risen accordingly and then some due to speculation and safe haven demand.

There is still a lot of shorting going on with silver, and the fact that it is rising so fast in spite of that is interesting/perplexing. So yes I am still buying, although not in large quantities. I still don't see any fundamental reason why a correction is due based on driving factors. $50 is a psychological number, and while a correction is most likely due at some point, I don't think it will happen until there is a policy change.

 

I don't mean to be rude or start a fight, but I wouldn't listen to any of this advice, which is SO COMMON on this board.

-Sold 2-3 months ago because Silver was over-priced and missed the 40+% run up. CHECK.

-Thinks Silver prices are being manipulated up when have actually been manipulated down. Prices are rising faster than inflation because this manipulation is losing effectiveness. CHECK.

-Anticipating some major correction in the USD price of Silver despite increasing global demand, collapsing fiat currencies, and widespread political/social unrest. CHECK.

Waiting to buy at $35? The price was $30 three months ago when you traded your physical metal for a dollars. The really sickening thing for PM sellers is to also take into account how much value their paper has lost while PMs soar.

Here's my advice to PM investors:

It's about ounces, not price at these levels. Get as many ounces as you can and do your own research. Don't just listen to random people on message boards (bulls or bears). There is more free information available about PM investing than there has ever been in history. There will come a time to sell PMs, but we are not there yet. If you are keeping up to date on the market, you will be able to move when the time is right. Physical Silver is a BUY at current prices.

 

You are a good person and a good friend.

 

Normally I wouldn't, but I had a chance to buy the five (5) coin ATB 5 Oz set (graded) from APMEX for $1008.70...S&H included. Twenty-five (25) ounces of silver @$45/Oz is $1125...try as I may, I couldn't talk myself out of it. :scratch:

 

I agree.

 

I just picked up two ounces. If it goes up, great. If it falls, great. I don't want to sell it anytime soon.

 

yes I had to get some grizzly rounds

 

i dont mind buying at this price something thats for my collection like the 1974 iceland commems i picked up yesterday. i just dont want to buy something thats over 200 because its 5 oz. its high but when you can get specialty sets without paying a premium its not bad. if i hadnt bought the iceland set he also had a 1990 kookaburra and 1983 olympic commem so i was gonna walk outta there with something lol.