Buying Opportunity Coming Soon.

Posting about physical buying, if silver drops down to those magic numbers, $15, $12 or whatever, do you really think you're going to be able to buy at the current premiums? If it slowly trends down to that, you might be able to, but if it spikes down you won't get much of a chance at that unless it stays there for a while.

If you paid attention to the spike down last year, how long did it take for the premiums to drop to the levels they're at now? As I recall it, it was about 60 or 90 days. Add to that the propensity for people to want to buy the same items and what will you be able to buy?

What am I saying, it's never different this time....

 

Log in or Sign up to hide this ad.

I agree. That is what I am saying sir. If you are a physical buyer, find your purchase point and accumulate as you go, not worrying about if it goes a little lower. What you are saying is what I was trying to detail in post #17.

See, we are not that different Peace.

 

As I have said before - my target price for silver is $16.00. Once it hits this level, that's when I'll re-evlaute silver and establish my new target price.

 

As you said, not if it drops fast, but who is to say that is going to happen, and my guess is, it will most likley stay at lower numbers for quite some time, probably years. This is a long term strategy. Also if that doesn't happen, no big deal, look for something else to buy. So much more flexibility if the answer is not automatically Silver.

 

Correct. You LCS is going to set a price based an the physical market. When silver was $12 people were paying close to what we pay now $20) for physical. On Ebay your lucky to find it for less than $23 an ounce. Same for any of the trusted internet dealers or mints, once you adjust for shipping. ASE's below $25 are hard to find.

Unless your playing the stock market, today's physical prices have been holding their ground for months.

 

Silver closed around $18.80, which is a bit higher than yesterday, so it's not in freefall by any means. I could see Eminem's scenario if we have another 2008 style crash, then maybe silver tanks down to $10, but barring that scenario, I think it will hang in the high teens at least for a while.

 

You can buy 20 silver eagles for 21.66 a piece at Provident Metals, shipping would be 8.95 for one roll. So close to $22 shipped per coin for only one roll. If you buy more its even cheaper.

 

He's probably one of those people who lost 50% on his money on silver investments because he was tricked into thinking the economy is going to collapse


Sent from my iPhone using Tapatalk

 

You probably don't know what you're talking about. Now just take probably out of the previous sentence to make it true.

 

Who knows what will happen? I think of silver as a hedge, or an insurance policy while it's also an amazing antique. If the price dips a bit, so much the better. I can't see it staying down too long, because maybe the world isn't ending, but the fiat money system sure is.

 

"How many people here do you think wish to trust paper contracts Mike? "

I am a little confused as why one wouldn't trust paper contracts. Many 'experts' claim the people behind the paper contracts are making all sorts of money 'ripping' off the stackers, so why not be on a winning side?

If physical silver gets to $16 , most of the newbie stackers will be trying to sell as they can't afford to go far below their cost. For many , 10 ounces of silver is a big stack. This selling will possibly drive silver below to $14.

Now the Silver choir all sing ( to the Hungarian Rhapsody ) " No we Won't! No we won't",
"We will buy, we will buy, maybe even another 5 ounces!!!!

 

Sing?

We don't need no paper contracts, we don't need no thought control, no dark sarcasms in the claus room, hey unstacked, leave them stacks alone...

 

I love a good comedy routine...the part about stackers that own about 10 ounces, and they might even buy 5 more are awesome...

I will agree that most that jump in and jump out do it for all the wrong reasons, and I have no pity on them.

If anybody wants to support the investment banks, that's their choice. I choose not to because I see them as a scourge to our society and any support I give them goes against my moral fabric.

 

I got one, sing this to the Mercedes Benz song

Oh Lord, won't you buy me, an A S E
My friends all got paper, they are rich, but not me
Worked hard all my life time, the man is hosing me
Oh Lord, won't you buy me, an A S E

 

I won't disagree with you about investment banks and society. I remember shunning tobacco stocks, and investing in a ' green fund' .......big money mistake. Evil usually pays better than good, in either metals or paper.

 

If cointalk ever holds a 'get-together' , we'll have to have a sing-a-long.

Like the new ones.

 

My best performing stock ever has been LVS, a Vegas casino with tons of casinos in Asia. I agree, human nature is human nature, and it will continue to want what it wants, regardless of what people think would be "best".

I guess I simply do not share the opinion of investment banks. They do provide a service of making markets. I bet you not one pm mine would be funded if not for stable, long term hedging afforded by there being a pm paper market. Lenders want stability and predictability, something such markets enable. Do they make a mint doing it? Yeah. Are they most likely overcompensated? Yeah. But net net I still believe society is better off with them.

 

Really? So the government can bail them out and give them sweetheart deal after sweetheart deal, and if it doesn't work out the US taxpayer can foot the bill...sounds like a great deal if you can get it

 

I have never, ever said I have been in favor of bailouts. None. I am talking about the market function generically of investment banks. Even during the bailout period you can read me as being against evry single one. A company needs to be able to fail. It is way too dangerous for a firm to not have the "fear of God" that if they screw up too much they can lose their cushy jobs. So no, I never was in agreement with the bailouts.

But, you say US taxpayers footing the bill. That is a lie. THe only bailouts that the taxpayers lost money on were from the automakers, which was more of a bailout of the UAW than anything. Yes, we will lose BILLIONS to give welfare to the UAW workers, but the US has made tens of billions from bailing out the financial firms.

 

Yes, but that's not the whole story. The car companies still owe a lot, but so do a lot of banks and financial institutions. Here is the complete list:
http://projects.propublica.org/bailout/list