Next level: Silver 10.00 $

Not at all. There were times when gold was illegal to own. There were times when it was illegal to drink alcohol. During World War II, there were ration cards. Silver is a strategic metal, and it is not impossible to think that someday people will not be able to own the bullion form. If saner heads prevail as in the past, it won't be a big deal.

 

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I assume you're refering to guns and ammo. Changing the law is the easy part...collecting them up might not be so easy (e.g. Waco.TX).

 

Yes, I was taking the lead from the previous poster's implication of 'steel and lead'... And what you cited is indeed the frightening scenario/outcome of such confiscation.

 

if this happens again then I guess it might be the time to change your nationality.

 

I was born and raised here and have no plans to leave. I don't know where you get this stuff. It would just be time to collect something else.

 

There are only so much PM in the earth that is a fact,it cost X amount of dollar to unearth them also a fact, Silver unlike gold is used for things like batterys,solar panels,ect...ect. Which with the current trend of going green (world wide) coupled with the fact EVERYONE (even those in third world nations) wants a cell phone, computer leads me to believe silver will go up steadly over the next 20yrs or so? The other factor is the gold/silver ratio is way out of wack and long term some thing has to give there? Lastly even if the dollar gains strangth back and gold/silver drop history has showen that resessions will crop up every 20yrs or so and its then that those who bought durring the lean will reap the reward.

 

Wrong, one thing is certain in life......Death. If you think you are immortal, you are kidding yourself.

 

I think of death as that which occurs AFTER life, not during it. But I'll accept your edit if it makes you happy.

 

sold my bars at 17.30 a while back. It went over 18 but I figured it would drop back as the dollar trade reversed. If it holds in the 14+ range I will buy some back if not I'll wait.

Didnt sell any numismatic material, just bars. There is really no inflation now because there is no pricing power and high unemployment. You never go broke taking profits.

Lack

 

And what if the preferred nationality doesn't want you??

I am agreeing with Cloud. Don't invest more than you can afford to lose. With silver and gold specifically, and the stock market in general, even the smartest investor can't withstand the tides of the truly frightened, invested over their heads, individuals, ( many like those on the forum who expects PM to continue up so the only problem is to decide how much one needs and then cash in). Gold dropped about $50, how many of those will say , I'll buy more; and how many will say, I am going to sell hard tomorrow, I can't lose what I have gained. It can snowball. It did in the 80s, and there is even a greater chance now due to the PM ETFs. Inflation is not on the horizon yet~ look at commodity funds this last week. If the reports tomorrow don't brighten the market ( Stocks and PM), I think this will be another one of those weekends like last year. Best of luck to all of us.

Jim
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death is certain. that's it.

 

As I said, death is what happens AFTER life, not during life.

 

sorry, i didn't read the rest of the posts before i responded.

 

Well, we have now passed the $ 15.00 mark.
Anybody cares to guess where the floor is?

 

It's too hard to say. Right now, the average person doesn't even know that the market is collapsing. Just ask around people that you know. I'm sure eventually the word will get out, and then people will look at what their stops are and possibly not want to experience 2008 all over again. The markets have been good this last year, propped up with easy money supplied by tax payers. I'm sure there are plenty of people thinking, "If I sell now, I might avoid another catastrophy." Monday might be extremely brutal to the markets.

I don't worry though, as I'm not a speculative trader. I'm an investor. I'm actually hoping the price goes down. I want to buy more silver for cheap.

 

I think people use far too much extreme language to describe things. Something goes up - it's a bubble. Something goes down - it's collapsing. I'm not really sure this is an accurate way to describe recent market action. The market is weak, and it may collapse in the near future for all we know. But it's premature to say it is collapsing in my opinion.

 

Agreed. I'm not a market guru. I use the language that comes to me. A 5% drop in a hour is a collapse to me.

Consider, hyperinflation is defined as 40% inflation in a years time. So, what does that make 39% inflation? Normal?

 

Death is not the only thing in life you can count on. For as long as you live, you will require air to breathe and water to drink. Your body will require nutrition and sleep. The days and nights will follow each other much as they have in the past, and the seasons will continue to cycle. Babies will be born and people will die. Perhaps you are clinging too hard to what was never yours to begin with. Whether you want it to or not, your money will circulate. You speak of death but forget taxes, behold even now the tax man cometh.

 

It seems APMEX is re-stocking the ASE coins for the most recent years, while the other post-2000 years are still OOS except for the 2007-W with case and COA. I wonder what's the reason that 2007-W is less popular, is there any particular reason other than there is a premium price for the case and COA?

 

W coins are the collectors coins and carry a premium. Most collectors probably don't think Apmex coins are high grades in stock so don't buy them. Most ASE collectors already own the 2007-W coins they want or buy them in TPG slabs or OGP from more coin dealer oriented sellers.

Bullion / unc ASE coins (non-W mintmark) are for the investors. With less 2007 ASEs available due to production that year maybe most are bought up by investors leaving some lower grade 2007-W with higher collectors premium on the market.

ASE Mintage figures maybe a factor as 2007 was the smallest for 2006-09 years.

Just my thoughts on the possibilities...