Is It Time To GIVE UP On Silver???

Discussion in 'Bullion Investing' started by fretboard, Sep 19, 2021.

  1. fretboard

    fretboard Defender of Old Coinage!

    I'm truly not much of a silver collector at all, I mean I have stacked some but I haven't bought much since around 2015. Most of the silver I have is vintage or boutique silver so I have no reason to give up on silver and sell right now at all. Just sharing the video for discussion, as the spot prices on silver of late have been sorry to depressing! :D Anyone?

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  3. derkerlegand

    derkerlegand Well-Known Member

    Buying opportunity?
    Eric the Red and Marsden like this.
  4. masterswimmer

    masterswimmer Well-Known Member

    Still a firm no for me.
    When silver hits $16-$17 again, it'll become a buy price. And with those prices the premium will need to be back to $.79 to $1.49 per T/oz.

    My total, all inclusive, all in price is no higher than $17.50/oz.
    KeyHunter likes this.
  5. potty dollar 1878

    potty dollar 1878 Well-Known Member

    A few years ago silver could easily be had for around $15 look at it now im afraid those days are over.
  6. johnmilton

    johnmilton Well-Known Member

    It’s more common than the hucksters claim, so it’s been over priced of late.
  7. masterswimmer

    masterswimmer Well-Known Member

    That's an opinion I don't subscribe to. And IF you're correct, then no big deal. I just don't stack any more than I've got. ;)
  8. -jeffB

    -jeffB Greshams LEO Supporter

    I'm not interested in buying at $17.50 if it's on the way to $15 or $12 again.
    baseball21 likes this.
  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    It goes up. It goes down. Currently it’s in a dropping trend. I’m not buying and I’m not selling. I’m holding. Be patient.
  10. masterswimmer

    masterswimmer Well-Known Member

    It hit $12 just last year, March/April '20.
    That's when we saw premiums skyrocket to $6/oz. No thank you.

    Again, my 'all in' price is a maximum of $17.50/oz. And I don't mean empty my investable funds to buy all I can at that price. I mean per ounce price, plus premiums, shipping, tax, everything inclusive, will not exceed $17.50. At that price I start buying again and dollar cost average as long as the prices remain below that price.
  11. masterswimmer

    masterswimmer Well-Known Member

    Patient? I'm as patient as can be. If prices don't retreat to MY buy in price, and I never buy another stackable bar or round ever, I'm totally fine with that too.

    I do believe we'll see my price again, and it'll be in the not too distant future. Under three years IMO.
    Collecting Nut likes this.
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Silver always a good buy ! much cheaper then most every PM out there a great way
    to store wealth on a budget :)
    slackaction1 likes this.
  13. fretboard

    fretboard Defender of Old Coinage!

    Yes, that's where I'm at as well! thumbsup.gif
    Collecting Nut likes this.
  14. crazyd

    crazyd Well-Known Member

    It appears to me that premiums (markups over spot) remain very high - even higher with the recent spot drop.
  15. slackaction1

    slackaction1 Supporter! Supporter

    I don't think Master swimmer is going to buy until it drops 17.50.. I have heard on here its going back down into the teens in a few years that was about 4 months ago and its starting its downward trend... or not?? I do cost averaging all through the ups and downs but watch the premiums ouch!!
    To tell you the truth, there is not such thing as pure stacker. There is a small version of collector in all of us.
    Last edited: Sep 20, 2021
    Eric the Red and leAurenard like this.
  16. johnmilton

    johnmilton Well-Known Member

    The premiums have certainly been high for American Silver Eagles. The prices have been $10 or so over the spot price.
  17. baseball21

    baseball21 Well-Known Member

    Premiums always increase as spot drops. Sellers dont drop the price as long as people are still buying and when they do drop it its always very slowly.
  18. Jeffjay

    Jeffjay Well-Known Member

    Low priced silver is a good thing. When its down that means the economy in general is in okay shape.
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    I’m as patient as an oyster myself. I have enough to last my lifetime but if it drops then I’ll be more interested in buying. Some folks think it’s dropped enough to start buying. I still see it dropping so why even think of buying.
    fretboard and masterswimmer like this.
  20. fretboard

    fretboard Defender of Old Coinage!

    Definitely too high, way too high! tmoney - Copy.gif
    Chris Winkler likes this.
  21. FryDaddyJr

    FryDaddyJr Junior Member

    the premiums are too high.
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