Is It Time For Silver?

Maybe not but it's fun to discuss and share our ideas and thoughts, even when we disagree. Can you agree to that?

 

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I can commiserate. I once bought $100 face value mercury dimes for $2 per coin, and the pile had already been cherrypicked. Those will sit in my silver stash until some crazy silver jump, some crazy family emergency, or until they get passed onto the kids/grandkids, preferably the last option.

 

There just talking PRIVY..... bout the rise...

 

Is your cost basis average per ounce low? I wasn't buying back in 2011 but I have been since 2016.

 

I could sell about 90% of my silver for a small profit at the moment but I have no plans to sell. When silver drops below my average price I just buy more and that lowers my cost per ounce. If silver shoots way up then I'll sell and wait a good number of years and buy it all back on the cheap. Kind of like wash, rinse and then repeat.

 

The only thing that has stung me since 2016 is the premiums on 90%. They have gone down a lot. I tried to sell quarters and dimes at a show for $.50 over melt and no one was biting. I had a clown try to talk me into selling to him under melt and I politely told him to pound sand.

 

Unfortunately I believe we are stuck in a period where most people want to sell. I'm not sure why but we do have these types of cycles.

 

What a wonky day for silver. Looked like it would shoot the moon again at over 1% gains and then it took a nose dive. Could be some pump and dump. Still had a good week overall.

 

On the gold side, it appears the shiny stuff has enjoyed a ride up on some hedging by Wall Street investors. But what do I know?

 

Gold dipped a little today too but overall it's been doing great the last two months. I would like to see over $1,400 stick for awhile.

 

I've been busy all day but it sounds like profit-taking took place this afternoon. Time will tell.

 

Computer driven selling due to the spike

 

The time for silver is when it,s low, like a month or two ago
Buy low sell High !!

 

Agreed. The sad part is, today's prices are considered high for recent years.

 

When you think about Silver, your thinking cents, when your thinking
Gold or Palladium or even Platinum its about dollars, so in essence
If the price moves up 15 - 20 percent on Silver you will have
To dump several hundred once,s just make it somewhat worth you
While.

 

But the percentage is much better in silver.

 

Dang I was still thinking Silver is still low... but like the BMAN said it was a decent week for the HIGH HO SILVER..

 

Different people's "whiles" are worth different amounts.

Some people are happy to pocket a $100 profit, and some people can't be bothered for anything less than $10K. Or, to look at it another way, some people are happy to carry their metal in a backpack, while others want to carry it in their pocket.

 

GSR abbreviation galvanic skin response.
GSR Gold-Silver Ratio

 

What rate were you Senior Chief?