Silver Is On A Tear Today

dang!

 

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dang 68.00......... how low can you go........

 

What's scary is, if silver is the leading indicator I think it is, it may be telling us where the world's stock markets are headed in a few months. We'll see.

 

66.39 yikes. I guess this is what happens when people start wars on impulse.

 

66.54 right now.

Don't worry. I don't think it can go below $ 0

Best price at Provident for a BU ASE is $81.41 (after you put it in the cart and select cash as their webpage doesn't keep up)

 

Uh oh. Really glad I sold a bunch of ASEs at the ~$100 peak.

But DCA is getting better for those still buying, if...you can buy at 'reasonable' premiums.

 

It's getting tore down.

 

The Standing Liberty quarters have not saved me from this. Oh, well, at least I have a nice VF-XF collection now.

 

I was just looking for the thread Silver getting Crushed!! Almost time to buy again.

 

Oh, if silver goes below $50, I will load up on a silver ETF - and I will DCA if it continues to go down. Now that we have a $120 all-time high, it leaves a lot of room for the next run-up, whenever it comes. Patience is key in this game.

 

Yes right now mark ups are like 16 to 18 bucks . Patience !!

 

So, the people discouraging others from investing in the "paper" market do not take into account just how obscene the physical premiums can be, and how dealers can suddenly decide to not buy back your coins when the prices shoot up due to liquidity issues. This just goes to show that a balance of the two - physical and paper - is probably ideal. The lack of liquidity came from the physical market, contrary to the years of yammering by Youtubers.

 

I just looked. It’s back up to $72.64. The overseas markets will be open soon and it’s their Friday.

 

I don't care if dealers will buy constitutional silver at market values. Screw them. I'll just find private buyers who will gladly pay net spot on it. They are out there, it is just a matter of locating them...... and there are PLENTY of them.

 

And I'm not a big gun nut. But I'm strapping today in case I need to protect my interaction into the selling market. Not going into selling mode as a lamb. I'm not ready to sell but when the time comes, it will be a fair transaction.

 

I hear you. There have been some robberies off of Craigslist, so be careful. It's best to take precautions and meet at a public place where it's harder to rob someone. There are some tips out there on many websites. All I'm saying is if you buy paper silver - especially one that is audited - you don't have to worry about robbery. And I'm a fan of physical, otherwise I wouldn't be posting here and buying constitutional every week - might order another Standing Liberty quarter soon. I think having physical is appealing, and it can be more motivating than seeing numbers on a screen, but both can be good.