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<p>[QUOTE="InfleXion, post: 1697104, member: 29012"]The the OP, we have seen ever since the price dropped below $25 that premiums will rise to negate any further decline. Now is as good a time to buy as we have seen since 2010, even with the high premiums. I would suggest scouting your coin shops but if you can't find any good deals my preference for online retailers is Provident Metals. They don't have eagles in stock, but some great deals on Fiji takus and Libertads. The only way you will find a better deal than right now is if the price stays down where it is long enough for the supply chain to outpace the buying frenzy, and it's anybody's guess how long that will take. As it stands you can expect to wait 2-6 weeks for the supply chain to catch up, and that will only lead to lower premiums if buyers don't step in and gobble that up too. I think it's a longshot to assume silver prices will stay where they are long enough for supply to catch up. By the time that happens price will either be higher, or it will be lower with premiums causing the overall price to be the same as it is now. Silver is the most volatile market in existence afterall. </p><p><br /></p><p>As for dealers making money on their hedges, this would only be the case if they were naked hedges. The whole point of a hedge is to cancel out your position so you don't make or lose money on the price of your asset, shielding from price instability, with all profits being derived from the buy/sell spread. Anyone making money on hedges isn't hedging a real position. </p><p><br /></p><p>As for the person who sold their 401K, we're still in the 7th inning of this game. Nothing has been lost unless he is forced to sell. He still has all the metal he purchased. People make their own decisions. Nobody owes him an apology. Anybody whose investment timeframe is 6 months is asking to get taken to the cleaners. Sure his net worth has dropped, but that doesn't mean it wasn't the right decision. Time will tell. What is the point of having high net worth if the assets you are invested in are built on a foundation of sand? What's true today may not be true tomorrow. It's only a loss if he sells. I know people don't like this, but it's the truth. Prices fluctuate. It's all about picking your entry and exit points. Maybe the entry point wasn't ideal, but the exit point will determine whether it was a good move or not. Until then the dice are still rolling.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1697104, member: 29012"]The the OP, we have seen ever since the price dropped below $25 that premiums will rise to negate any further decline. Now is as good a time to buy as we have seen since 2010, even with the high premiums. I would suggest scouting your coin shops but if you can't find any good deals my preference for online retailers is Provident Metals. They don't have eagles in stock, but some great deals on Fiji takus and Libertads. The only way you will find a better deal than right now is if the price stays down where it is long enough for the supply chain to outpace the buying frenzy, and it's anybody's guess how long that will take. As it stands you can expect to wait 2-6 weeks for the supply chain to catch up, and that will only lead to lower premiums if buyers don't step in and gobble that up too. I think it's a longshot to assume silver prices will stay where they are long enough for supply to catch up. By the time that happens price will either be higher, or it will be lower with premiums causing the overall price to be the same as it is now. Silver is the most volatile market in existence afterall. As for dealers making money on their hedges, this would only be the case if they were naked hedges. The whole point of a hedge is to cancel out your position so you don't make or lose money on the price of your asset, shielding from price instability, with all profits being derived from the buy/sell spread. Anyone making money on hedges isn't hedging a real position. As for the person who sold their 401K, we're still in the 7th inning of this game. Nothing has been lost unless he is forced to sell. He still has all the metal he purchased. People make their own decisions. Nobody owes him an apology. Anybody whose investment timeframe is 6 months is asking to get taken to the cleaners. Sure his net worth has dropped, but that doesn't mean it wasn't the right decision. Time will tell. What is the point of having high net worth if the assets you are invested in are built on a foundation of sand? What's true today may not be true tomorrow. It's only a loss if he sells. I know people don't like this, but it's the truth. Prices fluctuate. It's all about picking your entry and exit points. Maybe the entry point wasn't ideal, but the exit point will determine whether it was a good move or not. Until then the dice are still rolling.[/QUOTE]
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