Silver getting crushed today

One of my favorite coins is the Walking Liberty Halves. So the ASE follows my trend on that design. I'm not a silver stacker either by definition. Just a little at a time when the price is right and I have spare monies to put something else in my portfolio.

 

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Govmint.com and MCM are owned by the same company, so it might be worth keeping an eye on them too. I just picked up a tube of America the Beautiful 5 oz. coins for $900 from a local dealer. Not bad a silver price for a collectable as an added plus.

 

making a comeback from the lows of 15.55 ...

 

Apparently $16 is a crucial price point.

 

Agreed. If it goes lower it could be $14 like it was this time last year.

 

A Trillion seconds is 33,000 years.

 

slowly sliding back down ...

 

but online purchasing prices haven't budged

 

Check out 1 0unce rounds on Provident, they are moving. Only $0.74 over spot.

 

silver.com has rounds for 16.36

 

Howdy folks,

Indeed, last year it dropped which was great for stackers like myself buying annual world crowns. It also provided a great op to make some $ playing the junior silver miners as the price rose.

That said, I'm all over $15 an ounce for silver. We've got the 2017 world crowns, annual ASE tube buys and I've been buying hockey pucks like crazy.

However, I do NOT see this as an op for buying any sort of paper bullion such as ETF's, stocks or mutual funds. Not until the momentum changes. Right now it's negative and buying paper bullion vehicles now is what they refer to as 'catching falling knives'. Not fun.

However, for stackers, Santa has arrived. If it goes to $14, feh. I'll buy more.

and so it goes,

peace,

rono

 

If it goes to $14 again I'm setting aside some funds and buying more... $_$

Count on it, sooner or later Silver is gonna be great again.

 

you aren't paying 15/oz for those coins

 

I post this not to make a political statement or to imply that collectors whose political opinions don't correspond to mine are in any way stupid, bigoted or immoral. It's meant to be as objective an assessment as I can make:

I think the possibility of one or more acute economic/political crises drastically affecting the stability and durability of global financial and geopolitical institutions is far greater today than it was June 23, 2016, and became even greater after November 8, 2016. There are a number of European national elections scheduled for 2017, each with a potential to further destabilize the global situation.
I am not bashing the Brexit vote or the election of Donald Trump as president. Although our politics couldn't be further apart, if given five minutes alone with the man, I'd ask him one question: "Mr. President-Elect, as far back as mid-2015 you thought you could win the Republican nomination and then the election. I know you're a smart, savvy, experienced businessman. But there are lots of those, and almost none of the others thought you could win either, and even fewer you would win both. Why could you see what almost nobody else could?" OK, two questions, the next one being: "Can you teach me how to do it too?"
Having said that, I believe the world is poised to enter a time of uncertainty and potential serial crises. Historically, people who invested in land and gold during times of crises did better than most others.
As I can't put land in the SDB down at the bank, I'm opting for more gold. Silver too, because I think there's more upside potential for it than gold. It's just more clunky. I dropped a ten ounce bar on my foot years ago. I still have the scar. That wouldn't happen with a 1/10th oz AGE.

 

Yes I noticed that too a while ago.
I was curious if the online bullion stores bought on contract, at a set rate. Thus when it lowers to that set rate if they sold more they of course would lose money. DCA down does not work well for businesses as it may create "cash flow" but doesn't balance well with the books for actual breakeven revenue. Best to pull from reserves to pay operational costs and forego some sales, hoping for a turnaround in the PM prices.

As Silver goes down, the online bullion premium over spot keeps rising unless you are buying more generic pieces.

 

I am not familiar with that site. Check for any shipping fees.

 

most of the low places charge for shipping. I think silver.com is free shipping if over $3k or something like that. I've mostly stuck to Provident as it's $100 for free shipping, plus every couple time I get a free refrigerator magnet.

 

I bought today at $15.71/oz. I think that it may go lower but not much lower.

 

JM Bullion is free shipping but their minimum order is $100.00, so same thing. They have the 10 ounce at spot deal up again.

 

I just bought another tube of 10 5 oz. America the Beautiful coins for $90 a coin from a local shop. That came to $900 for 50 oz. of silver or $18 an ounce for collectable coins. I paid more per ounce than I wanted to, but I can sell the ATBs for more than $90 apiece, so I think it was a smart move.