Silver Price Drop: My Fault

Sorry everyone. I bought 20 ASE's last night. That's why the price dove 50 cents today. The septic touch strikes again.

 

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How much did you pay for them and where did you buy them?

 

SD bullion had them for $2.99 over.

 

They're still $2.99 over
https://sdbullion.com/silver/us-mint-coins/2015-silver-american-eagles

 

Buy another 20

 

Thanks for the link.

 

Doesn't more demand usually cause prices to go up?

I am very curious about this touch of yours my friend...

 

Doesn't matter. You paid less than you would have if you bought them last week.

 

I have to image there is a lot of turnover still going on in the silver stacker ranks. Anyone left is incredibly resilient or just plain immune to pain. The gung ho crowd must have burned out by now.

I'm not buying this idea that there is a supply shortage. My guess is that the bullion stampers are trying to get this stuff in and out the door before they have to put it on their balance sheets or even a shelf. Just in time has it's set backs.

 

last week , rec'd the two rolls from eBay aka Apmex for their special $347 A ROLL FREE SHIPPING , I bought on 7/31...[that's only $17.35 each ].I jump on their specials , whenever they offer rolls $30 to $40 below lowest sources .

 

Buy 2 more rolls. The price is going back up today.

 

its $392 right now

 

if , Apmex sold it to me for $347 , how much did they pay eBay , PayPal , and shipping ? seems like I got it really below melt

 

Have to assume APMEX isn't paying eBay what the normal run-of-the-mill schmoe is paying but even at 5%, that's $15+. $347 is the lowest price I've seen this year and a great buy. I was late to the party on that one. My best roll has been around $360 so far this year. APMEX runs some crazy deals on eBay from time to time.

 

even better , I always use PayPal's pay 6 months later , no cash out of pocket

 

Now that's a deal!

 

I think a lot had to do with raising cash to manage the significant drop in price - and sell enough at retail to facilitate filling their coffers at wholesale.

When all was said and done, I got (2) PAMP 1ozt bullion for an average cost of $1082 per ounce delivered from Apmex a couple weeks ago when it tanked. (Ebay bucks, cash back on CC, etc factored into price).

 

If SD51555 ever wins the lottery, we all know silver goes back down to $3.00 / ounce.

 

Then I'll have to buy and that means extra storage space.

 

If it goes to $3, I'm going to make a patio out of 100oz bars.