Question for silver buyers

How many of you bought last weekend because of the spike down in silver?

It seems many of us did buy bullion, just wondering if you bought or passed.

I bought.....

 

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Yes, last week was a good time to place an order. $17 seems to be a floor now for silver. Yet, many market experts think that the price of silver will come down along with the general market in the next few weeks.

I don't know if they are right, but it is something to watch out for. I didn't buy any silver due to money already being tied up this month.

 

I buy something, usually split an order with a co-worker, EVERY 2 weeks. Price usually doesn't mean much if you are looking at spot....the important price is what you can buy and sell physical for. Let spot drop....premium goes up....

 

Yep I bought 10 ozs. I love how the price just jumped right back up too, makes me feel better about my purchase :hail:

 

pass,i bought gold instead

 

I bought 2 oz in Liberty Bell Rounds. Thanks to Krispy posting that link to Provident Metals. I will be buying from them again when the urge strikes.

THANKS KRISPY!

 

I did not buy anything last weekend because all of my local dealers either 1.) did not have any silver art bars at their shop or 2.) whatever silver art bars they had, I was not interested in getting any of them.

 

I try to buy silver during the dips. I did not buy last weekend but hope to very soon. TC

 

I buy silver once a month at a local show. I don't really care about spot right now. I think silver is way undervalued. Plus, I'm not looking to turn it over and try to make a profit. I'll hold long term unless silver hits $40 an ounce. In that scenario, I'll sell half of what I have to recoup my original investment.

I bought 5 rolls of silver eagles at the show last week. Price was right at $400 a roll. If you buy on eBay or from a brick and mortar dealer you'll pay $30 -$50 bucks more per roll.

I'm always looking for junk silver, too. Unfortunately, most seller want a premium over spot. That's not going to happen. I'll pay .25 per oz under spot. Which I think is a very fair price.

I keep thinking I should buy some gold, but every time I see a Goldline commercial on TV I think...."the price of gold is driven by fear and is an absolute bubble." Silver is also a hedge against inflation and irresponsible government spending, but has the upside of having industrial applications. Once the economy gets going again industry is going to need silver. I'll buy gold when it comes down to $800 an ounce again. And it will.

 

i agree with the silver, plus a few other reasons. that is why i am mainly interested in it.

as for gold, that is what i am waiting(hoping) for to happen. because after it drops back down, its bound to eventually go back up. it may take another 50-80 years, but after the economy bounces back in time it will drop down again. and that is when i will sell. hopefully its right around my retirement in about 30 years. if not and i am not around when it happens, hopefully i have someone to leave it to that will wait for the jump to cash in.

 

I bought 75 oz. in silver on the dip..... Thinking about dropping some gold and p/u silver....... just never know

 

Many people thing gold is a bit overvalued at the moment. I'm in that camp, but because I'm not sure, I still bought a little bit.

 

I agree with Tommybee

I agree with Tommybee in that because of the industrial applications for silver and the thriving technologys being evolved it will be back at 50 bucks an ounce within 5 years or so.

 

I think that is a very reasonable expectation.

 

I am buying silver bullion every other week, and seem to be on the wrong schedule. I only buy on the spikes. I always joke with the sales person that I'm trying to buy before the price goes down. : )

 

Maybe you should try buying half as much next time and the other half the next week. Might straighten out your luck?

 

I had an order in the cart but didnt pull the trigger.

 

I passed. My funds went into MPC's this time around.

 

I picked silver over gold because I did a lot of reading and studying sort of on my own, and decided it was best for me as a huge amount of silver was looking at me called my collections. Now I get 100 oz bars in the dips and was luckey enough to get 4 of them back when it was 15$ spot and learned a new lesson about metals purchasing as I was an old time coin collector but new to investment bullion, and that was the cost of physical cost over spot. I am glad I went for the ride. Pick up a bar when ever I can afford to.

Steve

 

That is humorous.