2014 1 oz Silver American Eagle (Lot of 10) for $206.99

What do you guys think of this deal currently being sold by Apmex on eBay.
There are many other deals atm at deals.ebay.com

Link here

 

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Thanks for the link!

 

After reading some threads in Bullion Investing, I'm starting to doubt silver going back up soon. A lot of us are heavily invested in silver and we tend to think optimistically about our investments, I know I am, but losing some money in stocks made me realize that I'm always overly optimistic about my holdings.
I think @Eminem should jump in here.

 

Why?

 

They will be cheaper in a month.

 

Oh, that's right. He's a soothsayer..........

 

I was tempted by this action, 10 1oz silver rounds for $188.99

http://www.ebay.com/itm/2015-Americ...pt=US_Bullion_Bars_Rounds&hash=item4627ed9dec

But the sellers negative feedback comments put me off.

But as you all said, will be cheaper next month, even cheaper the following month, as the dollar appreciates against european and other economies.

 

More like a doomsayer....

 

The part that I don't understand is how can gold and silver be decreasing in value when the national debt continues to rise? The fear of when the rest of the world stops taking USD (united States Debt ) should be reason enough for a steady increase in the purchase and therefore price of Precious metals.

Why is the market going down right now? especially this time of year when the market usually jumps up a bit.

 

Gold and Silver priced in Dollars. The dollar is increasing in value. Dollar exchange rate is all relative to other currencies, so the market thinks that comparatively, whilst we may be 17.646 trillion in debt, that the economies of other countries are in worse shape.

That is also based on expectation that US interest rates will rise, whilst those in Europe will fall. Europe is about to start Quantative Easing, where the US is about to end it.

So it's all dumb and stupid really, and it will all change eventually.

The way I look at it. Buy low, sell high, but don't put a timeframe on it.

Silver has been in a bear market for 4 years. It's down 65% from it's high. It may go lower, but this is still low (remember buy low). The stock market is in a bull market. The dow jones is up 158% since March 5th 2009.

What would you rather buy, silver or stocks. Buy low, sell high. Silver May go lower, but who cares. Just a good excuse to buy more if you can budget it with monthly purchases.

 

So right now the United States is doing much better than European Nations and that is why the value of the dollar is now increasing which then leads to a decrease in Precious Metals?

 

Pretty much. Until the US is perceived to be doing worse than the rest of the world, in which case the dollar will fall and gold and silver (should rise).

BTW, in my research, it seems that when the stock market crashes, generally there is also a decline in the price of gold and silver. When the US Market crashed late 2008 early 2009, silver fell from $12.40 to $8.95 ounce.

So don't think that a stock market crash will see a move into silver, likely will be a short buying opportunity in silver then as well.

Lots of buying opportunities ahead methinks. I just don't see any catalyst for a silver price rise in the short term. Unless JP Morgan stops shorting the hell out of it and causes the price to rise.
But they make $3 billion a year shorting silver, so why would they upset that gravy train.

 

I think with trades taking a split second and a multitude of brokers with cash that they are finding difficult to place with mid or longer term goals, there is a lot manipulation of markets, including currency, stocks and PM. This is a rebalancing. The price of PM will go down and settle again - who knows how far it'll go down though?

I can see no reason why the price of PM is not high given the current fears with Ebola, Syria, ISIS, economic uncertainty - it has traditionally always done well with uncertainty.

I'm also not convinced with the thought that the US $ is particularly strong against the euro. If it has anything going for it, it is only because it has a larger base than other currencies. The debt in US is shockingly huge. Our debt is bad (UK) but not as bad or as out of control as the US imho when GDP is taken into account. Not that long ago I was getting £1 = $1.54 and now it is something like £1 = $1.62. The heady days of £1 = $2 are long since gone.

 

You cannot predict or rationalise currency or precious metal price directions, in my opinion. There are too many variables involved and there are those "in the know" that will always be ten steps ahead of you. Buying precious metals is a little like going to Vegas.

 

My 10 arrived this week as silver is still going down

 

Ya know Bob? You're gonna need a 20 mule team to haul that collection out of death valley......