never seen silver drop so fast $25.85

Discussion in 'Bullion Investing' started by enochian, Apr 12, 2013.

  1. vpr

    vpr Active Member

    Buyer's remorse has already set in. I just wasted $15 in shipping. Should have waited till I had cash to place a $7500 order.
     
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  3. Danr

    Danr Numismatist

    major fall happening right now--never try to catch a falling knife
     
  4. easj3699

    easj3699 Well-Known Member

    haha yeah it is dropping right now gold down another $33 silver $1.10
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Hmm... not a good night for selling, I think. :)

    I was patting myself on the back for snagging 25 Mercs for $45 shipped earlier in the day; suddenly, even that's above melt! Oh, well, maybe I can land the next batch for $40. 10x face, anyone? 5x?

    Edit: lots listed at 20x FV shipped on eBay are still being snatched up in less than two minutes. Maybe I should consider selling a bit into that market... nah.
     
  6. easj3699

    easj3699 Well-Known Member

    when i first started buying it was around 8 or 9 x face. i do miss those days. wish i started when it was 4 and 5x face though
     
  7. phalanxcronos

    phalanxcronos Member

    oh well I thought I did good when I bought a roll of ASE for $30.43 and a St. Gauden AU+ for $1668. But whatever wasn't planning on selling anyway heck I hope silver drops to $10 and gold drops to $500 I'll buy $30k worth.
     
  8. InfleXion

    InfleXion Wealth Preserver

    Don't feel so bad, I've paid shipping to 2 different sites today already. I'm not bent over it at all, just happy to be able to buy at these prices and that the coins I really want are still in stock. Added to the 2013's today; Fiji takus, Somali elephants, and kookaburras. For those of us who believe that precious metals will be revalued in the future according to the amount of money that has been created these prices are an absolute steal.
     
  9. medoraman

    medoraman Supporter! Supporter

    3.3x at dealers, 3x when buying from the seller. ;)

    Different times then, though, and a dollar was worth more then.

    "Good old days" are great for stories, but don't help you make decisions today. I am hoping for around $1100 or so gold. I have a world coin shopping list i would love to fulfil.
     
  10. Tater

    Tater Coin Collector

    early trading tonight silver down another $1.25 hold on, might be a long week for the bulls.
     
  11. medoraman

    medoraman Supporter! Supporter

    Ever get the impression Ebay is like small local auctions where they almost always way overpay for common crappy coins? I get that a lot.
     
  12. enochian

    enochian silver eater

    wow never had a topic with this many pages

    silver.gif
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Stick around. It'll get worse........
     
  14. enochian

    enochian silver eater

    yeah i should have waited to go to lcs monday and not last friday
     
  15. Andriyk

    Andriyk New Member

    patience is a virtue... at this point the premiums are going up, I will probably wait until things level out and, premiums go back down a bit or stop going up.
     
  16. enochian

    enochian silver eater

    geezz i wonder how many are freakin now that baught realy high

    silver.gif
     
  17. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Gee, gosh darn, gee wilikers........wonder if the US mint will adjust their prices.........

    Well, I can dream, can't I? :)
     
  18. scyther

    scyther New Member

    Then you have very limited mind. Just because you use silver as a hedge against "really bad things" that you don't want to happen doesn't mean no one else wants higher prices. Some people use silver to try to protect of even increase their purchasing power, not merely to fare better in some imagined apocalyptic scenario. Also, higher prices do not necessarily correlate to bad things. It was close to $50 in 2011. We were fine then. And if it goes back down to $5 now, that won't mean everything's well in the world.

    But apparently you're so blinded by the shiny that you can't see anything else. Sad.
     
  19. scyther

    scyther New Member

    Maybe because they didn't have a ton more money? Is such a simple concept really beyond your comprehension? PEOPLE DON'T HAVE INFINITE MONEY. Not even you do, although you seem to think so.

    And even if they could buy a ton more, why buy something that's losing value? People who bought silver in 1980 fared very badly until the mid-2000s. Good thing a lot of them didn't take the advice of people like you and put their money into something more profitable.
     
  20. FryDaddyJr

    FryDaddyJr Junior Member


    actually we were not "fine" in 2011. If you don't like it, too bad.
     
  21. FryDaddyJr

    FryDaddyJr Junior Member


    so what.
     
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