Silver just crossed $25 an ounce

i have 75 lbs. locked away at my bank ... so i am certainly a silver cheerleader

 

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Slight pullback this morning.

 

Just to clarify for everyone, investing in silver and gold in an IRA is not new, it has been law since the late 80's. China easing on silver purchases is new, but most Asians I know, (including family), prefer tiny amounts of gold over ounces of silver. They have no history of silver being a inflation protector, just gold. My wife is younger than I, and always states "gold always goes up". Well maybe in her lifetime but many of us knwo that isn't true.

 

dang, I missed the dip earlier this afternoon.

 

WOOHOO! WOOT!WOOT!WOOT! You know where its goin? DOWN! CRASH! CAPOOEY! DROP THE BANK! CAT IN THE BAG!
SELL OUT NOW EVERYBODY! Take advantage of a wonderful time to sell while you can get top buck!

 

Did I miss something?

 

just hit 25.11

 

A little bit of a twist on noise. Three cheers for noise! Love that sound of silver rolling off my palms when sifting through a canvas bag. What a thrill.

 

I'd rathe silver drop to $5!
At least in for awhile.
I have more coins I want to buy before these prices...

 

Ditto.

 

I will assume that you are joking here. It would be hard to become a coin hoarder with that song and dance routine - kaboom-woot-kaboom! :hail:

 

Silver currently at $25.31. The current silver high so far is $25.45. It does not appear that silver is going to drop anytime soon but then again you never know.

 

Boom ... $25.57
I think Silver is above $25 for good now


Palladium is really popping too ... up to nearly $700

 

So what is everyone's sell price? Or do you just want to hold onto silver forever?

I guess I got lucky, my sell price was $20 but my SD box is a couple of hundred miles away so I was not near it when prices went through that level. Now I am wondering when I should move some. I have a few hundred silver dollars and a couple thousand face value halves, quarters and dimes.

 

The one factor we all seem to overlook is new Silver production costs. Mines were profitable at $5 Silver. So production is likely to really step up, if the metal were actually needed. I think the depression has created a "panic mode". Coupled with the ability of the Chinese population to possess PM's is helping. Silver may be gaining simply because more people can afford to actually purchase an amount. Gold is still out of reach of many individuals who want some PM.s. But mostly, it can be blamed on the falling dollar. At one time, the most valued currency item world wide was a US $20. Small enough for common trade and a recognized value everywhere. Today, I think this has shifted to PM's ?

 

I have been selling some very small amounts each week as the prices rise. Just enough to create something to do, mostly. It's just more interesting for me when I am actually participating than watching. Like playing poker for pennies. lol

 

Just take advantage of a good market

 

i bought a pile of gold and silver last year because i thought the USGovt would accelerate their devaluation of the dollar.

i am 53 and bought it more as a way to hang on to my "paper wealth" as i head towards retirement.
so far it's been a tremendous winning hand for me

i dont plan on selling until i need the money in retirement in 10 or 20 years.
(unless the govt changed it's ways and started to do things to strengthen the dollar ... but i am not holding my breath on that front)

 

Not only has silver crossed the $25 mark but it also crossed the $26 mark. Amazing!

 

yes ... it raced past $26.60 today before pulling back a little
an amazing 1 day run