Can you beleve it?!

agreed

 

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For me the best realisation that it had gone up was looking up the current melt on the two 40% halves I mined out of rolls yesterday and seeing that they were back up over $5 each.

 

And gasoline will be $1,000 per gallon.

 

Four ounce is a start, but not enough to get very excited about the price going up a few dollars.

You can bet that if you take them ASE's back to the coin shop you won't get the full price of what silver went up and if you sell them on ebay the seller and paypal fee's will eat into the few dollars of profit.

Still better to see the price go up then down.

Years from now when you can measure the amount of silver you have collected in rolls or pounds instead of ounces then you will have something to get excited about, hopefully.

For me the hard part is in keeping the ASE's & ML's I have purchased over the years.

The internet makes it so easy to buy and sell things now days that when tough times roll around or hobbies and interest simple change it's very easy to dump things on ebay to make some fast cash.

My hobbies and interest change often and I would be lying if I said that I have never had any hard times in life. Though with all the things I have sold for some fast cash I have never sold any ASE's or ML's and I have never been sorry about that.

Four ounces is a great start and I encourage you to at the very least hang onto it. Even better yet add to it on a regular bases as you can afford to.

 

No it's not

 

Just an observation from looking at the final prices for world g&s coins in the bay, there seems to be mass Hysteria as some of coins seem to be going for even higher prices than what dealers like Apmex are listing similar coins for. Unless you believe PM are going up another 10% it is best to stay in the sidelines for now..

 

You may not realize it, but you have more than most people have.

 

Ya, but not more than most people on this forum have

 

Keep on stacking that Ag!!!

 

It's not? Care to explain your position?

 

It isn't my position, but as of today the cent coin is still in use to make small change. I pay $1.23 for coffee in the morning and usually pay with exact change -- using three one cent lincoln coins. So the word "killed," using the past tense, is wrong beyond contestation. Also, as of today gas stations still price gasoline in mils, so it will probably be some time before the one cent coin in some form disappears and prices are rounded to five cents.

 

the penny isn't completely dead but it will be one day. There a couple stores in my neighborhood that prices things to the cent(ex. $3.57), but only take and dispense to the nearest nickel, i like that policy because it eliminates the pennies. I don't know hwy they still rpices things to the cent tho. maybe so that people can compare the price to other stores. sometimes I lose a couple cents in the transaction and sometimes i get a few extra.

 

I bought my first bulk purchase of silver last month when it was at about $27/ounce.. I also did the same this month and the difference in price is over $135.
So if I sell my bulk purchase from last month I can easily profit well over $100, that beats hand over fist any interest rate in the banks!

 

I know its exciting to see things go up, but if you had bought a year ago you wouldn't be so excited. PM is a long term hold, and shouldn't be compared to bank accounts. The bank account, (ignoring inflation), goes up every single day. You can lose 50% of your PM value in a few weeks. Not the same thing.

For all assets, you pay for security. PM has lower security versus a bond or bank account, therefor you should expect higher returns.

Just for full disclosure, I bought most of my silver at $4, but still do not sell since its a part of my overall portfolio.

 

Good case in point, that's why I've already decided to hold for the long term... no one even told me about silver and gold, I had to discover it on my own and that was this year! If one only could travel back in time

 

It is both a blessing and curse to have silver this high.

 

Not for me, I bought the last of mine when it was $12.50, most of mine has been hanging around since $4.50 an ounce back in the early 1990's. I don't really see that it appreciated as much as it protected a value I held.

 

Only problem with that is, and most people don't realize this, is that even if we could travel back in time, you'd be paying almost the same for silver from ten years ago as you would be today. Adjusted for inflation, someone paying (and I'm just guessing at prices here) $8 an oz in 2000 would be no different than someone paying $30 an oz now. Yes, thats a $22 difference, but when you understand that the purchasing power of $8 just that short a time ago was almost the same as the $30 today, you can begin to see where you wouldn't have really made much on the investment at all. Same applies to gold, although you would have done a little better there as the prices are so over-exagerated at the moment.
Guy

 

On the off topic tangent, I don't really see the need for the penny. Back before the USD had depreciated by 98% we had half cents. That means the smallest unit of currency at that time was roughly the equivalent of a half dollar today. Canada has already halted their penny and nickel productoin, and Australia also stopped their nickel. Life got along fine back then, but times are tough and it's understandable that most every penny counts.

 

Very true Guy, but humans think in terms of absolutes. Same as the argument about how much the dollar has "lost" over the years. It isn't "lost" at all. The money was intentionally inflated because in economic systems the thing that appears to work the best is a low inflationary environment. Therefor, our central bank shoots for a low inflation rate, and over the long term this will lower the nominal value of a dollar. However, if you put your money in bonds over the long haul you would not be any worst off 100 years ago than today.