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<p>[QUOTE=&quot;Vess1, post: 1689166, member: 13650&quot;]With silver tanking here lately, and a lot of short term memories (including mine)&nbsp; I had to take a look back for some perspective on this.&nbsp;&nbsp; There&#039;s no doubt many newcomers were not involved in this market, even in 2008 or before.&nbsp; &nbsp; All the hype brought a lot of people in.&nbsp; Not saying that was good or bad but it happened.&nbsp;&nbsp; I found the results rather surprising.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp;&nbsp; Before everyone panics..... In 2008, you could still buy silver for under $10 for a good part of the year!&nbsp; That was a surprising to me.&nbsp; &nbsp; In early 2010, you could still buy at under $16!&nbsp;&nbsp; It wasn&#039;t until late 2010 when things really took off and everybody started getting used to the current levels.&nbsp; &nbsp; These shockingly low prices right now, were shockingly new highs in late 2010.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp;&nbsp; Not saying I ever predicted anything of value here.&nbsp;&nbsp; Just saying at a mere 2 years later, what&#039;s happening now probably should not be a surprise to anyone and is not as shocking as some may try to make it out to be.&nbsp; &nbsp;&nbsp; If it goes back under $10, then it might be time (albeit too late) to let the panic set in because that was the real bottom in 2008.&nbsp; &nbsp; $23.42 right now is still a relatively high price in recent history.&nbsp; &nbsp; Probably not good news for a lot of people.&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>&nbsp;&nbsp; Many people did think this was coming though.&nbsp; It&#039;s never had a real severe pull back since hitting all these new higher levels and it always seems to happen at some point.&nbsp;&nbsp; What&#039;s causing this is debatable.&nbsp; Is this warranted at this time?&nbsp; Debatable.&nbsp;&nbsp; As small time collectors, were reminded that we really only have a hold of a large animal by the tail and we&#039;re going along for the ride (again).&nbsp;&nbsp; Not determining what should or shouldn&#039;t be happening.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; Personally, I think many people are not going to want to sell physical at these levels and will maintain higher prices for as long as they can.&nbsp; This downturn will have to have lasting power before people see much benefit from it.&nbsp; &nbsp; May be new deals to find from the large bullion suppliers if you want to buy direct and if they have it.&nbsp;&nbsp; It&#039;s an interesting time.&nbsp; &nbsp;&nbsp; Silver will probably skyrocket again when everybody just gets comfortable and least expects it.&nbsp; &nbsp; It&#039;s a silly market.[/QUOTE]</p><p><br /></p>

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