Bit by the silver bug?

There are numerous serial newsletter writers floating around. If there is a bull market in anything, they will start another newsletter to gather subscribers. Stephen Leeb comes to mind.

 

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I can see this debate/discussion go on and on. I look at it from this point of view. While $30.00 plus for an oz of silver or 15, or even 5.00 an oz. is talked about, I say we are all pretty fortunate to even have a PM like this for under $100 an oz. I've made money on my silver, from the 5 dollar per oz days all the way to current prices. Many have said that it's too late to get in on the silver train, but not really. Not when you look at Platinum, Gold, Palladium and Rhodium. Those PMs are still too out of reach for the common collector and simple investor. When in the future, how long I can't say, silver ever reaches in triple digits to over 1000.00 then and only then would I say you missed out. I'm not holding my breath for a huge increase, but it does make me wonder what the price will be when my daughter is my age. I'll soon be 38.

 

That was a very short term spike based on totally different circumstances. To me, there is no correlation between then and now. We now have long term, sustained levels that people are used to. $30 isn't a shock anymore. $40 isn't a shock anymore. People expect $50 now.
I still have some that I got back when it was $5 an ounce. I have some I got at $17. I sold some at $41. I have no doubt it can drop but expecting a crash to go below $20 ever again is unrealistic, IMO. Total pipe dream. A lot of people are investing in it now but it's still relatively few compared to how many are still in the stock markets. The price of silver is still cheap.

In the 80s, the total national debt was $1 trillion. That's an annual deficit nowadays. The money creation going on is mind boggling compared to the past. You can't compare the 70s and 80s to now. It seems there's people that don't fully comprehend how bad it has gotten or the affect it's going to have on prices going forward. For everything, not just silver.

 

I got bit when my wife's Dad passed and he left us a bunch of coin, over $300 face in junk silver alone not including foreign silver and PF and UNC sets. She made me sell all the junk US silver when silver hit $45. I have since added some back but it will be a long time before I'd get back to what I sold.

 

I just got into silver in the 2nd week of january. I got the idea from youtube searches related to junk and scrap, then onto pennies and silver. I found a coin shop nearby, and pick up dimes weekly. I finally sprung forn an ounce, but had to settle on some santa clause coin as their bullion was limited. My first purchase was on ASE, 2 englhard raounds, and a 1 oz bar. I already had a 1922 peace dollar and 2 silver dimes i had found prior to having the idea to stack silver.

I got into coin roll hunting after seeing videos, but i have heard of someone doing so and had the idea, but the videos prompted me to dump my coin jar and separate pennies, and then go to the bank and order boxes to search.

I have just about 10 oz of silver since mid january 2012. I would like to stack 10 oz per month and have 100 oz by the end of the year. My ultimate goal is 500 oz if i can stack faster by selling off my toys, and scrap metal proceeds.

I am not rich, but i have no debt, so getting silver now is a 5-10 year outlook for me to buld my welth, or liquidate tangible things into silver for another day. I am also haording pennies, but not sure what i want to do with them. I am into scrap metal, but what i am keeping in pennies per week could be an ounce a week.