Just Wondering About Silver Stackers?

I usually get better deals at shows lately. The premiums online have become ridiculous. Plus I don't have to pay for shipping.

 

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Yes, I envy y'all who can attend coin shows, I'm in California and it's not happening here!

 

Yeah, I am here as well. However, I have a good excuse, being pretty much out of space to store it. If I wanted to start piling bags on one another at the bottom of the gun safe maybe, but all of the shelves are full.

Now, get silver down to $10 and we can talk about another safe ...

 

i'll buy again at 15

 

None of us can predict the future, but do you feel it can get that low again?

 

Who knows with silver, given the history over the past 60 years. It probably should be $100/ounce, but I wouldn't be surprised to see $10 either.

 

Was a wild ride last year,
2020 low = $11.74. 2020 high = $29.37.

 

I wasn't predicting $10, just saying I might need a new safe if it saw that price. I very much do believe @FryDaddyJr is correct, $15 would be very possible.

A lot of it is opportunity cost. When money generates no interest you speculate in pm. However, if you can can 5% or more interest at a bank, that is a huge opportunity cost lost by owning pm.

 

About as wild as stocks and bonds. All assets seem to be tied together due to Central Bank manipulation.

 

Heaven knows I would love to see it around $15.00 again. I just have a hard time seeing it go down to those levels anytime in the foreseeable future as hot as they have been.

 

I've reduced stacking into the $20s, but still adding things I enjoy collecting.

It would take 1-2 years stabilization above $30 for me to buy at that price.

 

Yep those were the prices I saw. The problem with that low end from 2020 was that we saw the premiums skyrocket to $4 to $5 per ounce. I didn't see one single dealer (LCS or JMBullion, etc) offer realistic premiums over spot. Previously premiums were $.79 to $2.29 per ounce over spot. This kept the effective per ounce price over $16/oz when spot was under $12/oz.

 

Silver goes up on the escalator, down on the elevator
Sold my SLV holdings
Physical still in SDB up north
If it is still over $25 when I get back from Florida I’ll sell it too
Won’t buy again until it drops below $20
I’m too old for the roller coaster

 

Dealers were into silver for $15+ so they just tried to break even

 

I remember around 2010 feeling that silver was stable at around $30.00. I just looked at the Kitco charts and they only go back ten years. Anyone remember how long we fluttered around the $30.00 range? I was thinking it was several years prior to 2010.

 

No, it only spiked up due to the economic collapse of 2008-2009 just like it spiked up last year. Economic uncertainty makes it go up. $30 is high for silver, which is why it came back down, like I think it will again.
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

 

Yes, I would agree. I do feel like it is very inflated right now.

 

I suggest you just put in a lot of bids. Any silver that appeals to you AND BE PATIENT AND HAPPY WHEN YOU WIN. Just put in the fair silver price, that you're willing to pay for the piece. Look for dealers that offer free shipping. I have received
many collectible pieces at very close to melt. There is a lot of silver out there waiting to be snatched.

 

In my opinion, Tom Cloud, Cloud Hard Assets for buying silver. I stay away from eBay because the prices are too high.

 

Suggest you shop around. I haven’t purchased any bullion for years except for ASEs once a year for my date set. I also bought a few foreign issues, but not many. Good luck!