Bought 50 ounces of Silver @ $11.75/oz.

I understand you Cloudsweeper99 and hope he does get it.

I'm a bit concerned now with all of the silver being sold on paper though.

I did a bit of silver trading myself today. Traded in a Krugerand for junk silver. Had originally traded in silver for the Krugerand.

Gained about 15 ounces and will have silver in hand tomorrow. Was getting late at work so we'll finish the deal tomorrow but I'm "locked in" with the boss and know where his junk silver is. Heck, I put most of it there!

 

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I agree that the paper silver contracts are far more dangerous than a simple coin purchase. I can tell that you know what you are doing, trading gold for silver and silver for gold to gradually increase the number of ounces of each.