I'm considering the market on silver and possible buying some for a hold for awhile. While silver is again down today and gold is up, it's hard to tell which way to go. I still thing Silver Eagles are a bit overpriced at this point at $25.00 with silver around $17.00. Even more so for foreign silver such as the Maple leaf & Kookaburra. What do you folks think? I know I can get a break on the Eagles if I order a lot but what about just one roll at this point.
I think silver is an excellent buy now, but I would buy American coins, preferably pre-1948 if you can find any near silver value (or slightly above). Here only more modern silver (1960s) is available near spot. Both gold and silver will likely arise, if changes in financial regulations don't result in a severe recession.
I purchased about two or three weeks ago when it dipped under 15...I figured that was a for sure way to ensure that silver would crash to 0...seeing how my previous two years purchases have pretty much done that I've been pleasantly surprised though on this latest purchase....silver is up $2 since my purchase...first time that's happened for me. Either way my investment is more long term. Not trying to make a profit of the volatility. Regarding your price that does seem steep...I've usually ordered in the past from Either Goldsilver.com or Provident Metals. Both have decent pricing usually...right now both are offering 1 tube at just over 20.60 an ounce. Both of those prices are cash prices, which is the option I usually go with. The price per ounce does goes up if you do CC. Both sites also have buy rather decent back policies as well. Provident seems to always have a better buyback price, and they will buy back any old silver eagle. Goldsilver.com will only buy back what you've purchased from them in the past. I still think silver is bound to spike again one more time like it did in 2011...just too much currency printing to prop up the Street...that currency *HAS* to go somewhere and has to inflate prices at some point. I'm not a doomsdayer, or a manipulation zealot, but the basics just keep pointing to the bull run not being completely over...I could be wrong though...it happens more often that I like
I think we are heading for a bear market, so I have put all my spare money into teddy bears. I might go for diversity by also buying brown, polar and gummi bears.
Just stay away from the Haribo Sugar Free Gummy Bears (read the reviews): http://www.amazon.com/Haribo-Sugar-Free-Gummy-Bears/dp/B008JELLCA#customerReviews
Stay away from gummi bears made by Ferrara Candy Co. I used to work in the Ferrara plant in Minnesota and believe me you don't want to know what goes on inside there.
Can't do gummi bears anyways, I've got four crowns that cost too much to lose. Prefer sour cherry's in the ball form. I had a friend who worked at Whorle's Meat Co. in Ma. and he said if they dropped a 50lb package of burger on the floor they just scooped it up with a shovel and back into the processesor. Uggg.
