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<p>[QUOTE="superc, post: 1712820, member: 44079"]Of course they are. They wanted you to buy them out. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I was a youth before Hunt started his silver pyramid scheme, so seeing $8 per ounce is not going to be new to me. Regardless, if it drops there, I will continue to acquire as much of it as I can afford. Quite simply, no one is making any more of that element, but we are consuming it. If it drops to $8 and stays there for a decade, that is okay with me. Silver coins are supposed to be a long time hold. I have silver coins left to me by my Grandmother who started saving them in the 1920s and put them into a piggy bank for me back in the 1950s. Some day it is my hope my own grandson or granddaughter will handle the same coins as well as the ones acquired by me, my spouse(s?) and his or her parents. Rest assured because of industrial demand the price won't and can't stay low forever (barring government confiscation like Roosevelt and Gold coins (my own family had to hand some in back then). </p><p><br /></p><p>I think with silver coins, you have to break them into two or three categories. Worn, or poor condition coins you picked up at close to Spot price, which you can still trade because they probably aren't counterfeit and won't need assaying because the value is known. And 100 year old rare silver coins such as CC Morgan Dollars which you picked up in the best possible condition you could afford, possibly even certified and slabbed (although to me a cardboarded 63 is just as nice as a plastic slabbed 63 and I won't pay the premium price for plastic around a coin I can't touch) as a rare coin investment. Possibly a third category you won't ever sell such as heirlooms, like the gold eagle my Dad acquired in a card game in Sicily during WW2 and brought home with him after the war ended, then gave me for my coin collection when I was 12. </p><p><br /></p><p>Point is, if you have been paying top dollar for silver coins of any type, you understood that what goes up, comes down. I have two small things I am thankful today. I don't have a 3 to 6 day old bid sitting around on Ebay which I will be stuck with as a purchase price when the auction ends, and also that I have never paid more than 1% over spot price for any Silver Eagle. The day after silver hits $8 or 9, I will buy 10 more Eagles at that price +1%.[/QUOTE]</p><p><br /></p>
[QUOTE="superc, post: 1712820, member: 44079"]Of course they are. They wanted you to buy them out. :) I was a youth before Hunt started his silver pyramid scheme, so seeing $8 per ounce is not going to be new to me. Regardless, if it drops there, I will continue to acquire as much of it as I can afford. Quite simply, no one is making any more of that element, but we are consuming it. If it drops to $8 and stays there for a decade, that is okay with me. Silver coins are supposed to be a long time hold. I have silver coins left to me by my Grandmother who started saving them in the 1920s and put them into a piggy bank for me back in the 1950s. Some day it is my hope my own grandson or granddaughter will handle the same coins as well as the ones acquired by me, my spouse(s?) and his or her parents. Rest assured because of industrial demand the price won't and can't stay low forever (barring government confiscation like Roosevelt and Gold coins (my own family had to hand some in back then). I think with silver coins, you have to break them into two or three categories. Worn, or poor condition coins you picked up at close to Spot price, which you can still trade because they probably aren't counterfeit and won't need assaying because the value is known. And 100 year old rare silver coins such as CC Morgan Dollars which you picked up in the best possible condition you could afford, possibly even certified and slabbed (although to me a cardboarded 63 is just as nice as a plastic slabbed 63 and I won't pay the premium price for plastic around a coin I can't touch) as a rare coin investment. Possibly a third category you won't ever sell such as heirlooms, like the gold eagle my Dad acquired in a card game in Sicily during WW2 and brought home with him after the war ended, then gave me for my coin collection when I was 12. Point is, if you have been paying top dollar for silver coins of any type, you understood that what goes up, comes down. I have two small things I am thankful today. I don't have a 3 to 6 day old bid sitting around on Ebay which I will be stuck with as a purchase price when the auction ends, and also that I have never paid more than 1% over spot price for any Silver Eagle. The day after silver hits $8 or 9, I will buy 10 more Eagles at that price +1%.[/QUOTE]
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