Just surfed by APMEX and noted the price of silver is 10.05, gold 580. I know the day is young, but YIKES!!
Well, is your "YIKES" good or bad. It's bad if you bought silver at $13 and now you are at a loss, but it's good if you are like me and you have to try and find cheaper silver coins in order to complete a set. Silver is just finding it's median and $10 is where it's likely to settle. I'll still be making a profit on the silver I bought 2 years ago for $4.
You'll only make a profit if you sell it. Until then your're still out 4 bucks. But I think you're safe tradernick
I think I'm safe too. I'm waiting for it to head up to $11 and then I plan on selling. If not $11 then $10.50, but I think that it will head up to $11 by the end of the year. PLEASE stay above $10
Because I wanted it to hit $16 and make 4x the profit. A little cocky, but I wasn't really sure as to where it was going and I wanted to make the best of it. Still, I'm not complaining as to what I can get out of it. I'm going to a coin dealer that I know, today, and am going to try and sell enough of the silver to break even and keep the rest as a side investment for the future. I won't tell how much I invested, but its a substancial amount at my age to where I'll be quite happy for awhile. Do you know if dealers are going to pay a little under spot for the silver?
