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<p>[QUOTE="Vanna, post: 1273135, member: 33362"]Yes, now is the time to stock up. I picked up another 100 ounces this morning, and am considering buying more. I think silver could fall as low as $26, and if that is the case then I will really be stocking up =)</p><p><br /></p><p>There are several reasons for the sudden decline... however, I attribute the CME margin hikes on gold and silver to be the main reason. These margin hikes basically force people to liquidate... so silver is more available. The more available or less the demand, the lower the prices. Historically, these margin hikes only cause a temporary fluctuation on the price, so silver will eventually go back up.</p><p><br /></p><p>I had to drive to two different stores get all of my 100 1 oz coins today, and I bought both of the stores out. When silver and gold stores are running out of 1 oz coins, that should tell you something... buy =)</p><p><br /></p><p>Also, a side note... if you are going to buy silver, I would stay away from any bar bigger than 10 oz. My narcissism wants me to have a bar of silver the size of my kitten, but my whits tell me otherwise. The reason is because if you have a 100 oz bar, then picking a time to sell it can be very tricky... once it's gone, it's gone... so you want to make sure you get the best price for your bar. However, with 100 coins, you can make 100 separate sales, so price fluctuations won't make you as anxious.</p><p><br /></p><p>Hope this helps! I signed up on this site just to answer your post... you will probably never see me again =)</p><p><br /></p><p>- Vanna[/QUOTE]</p><p><br /></p>
[QUOTE="Vanna, post: 1273135, member: 33362"]Yes, now is the time to stock up. I picked up another 100 ounces this morning, and am considering buying more. I think silver could fall as low as $26, and if that is the case then I will really be stocking up =) There are several reasons for the sudden decline... however, I attribute the CME margin hikes on gold and silver to be the main reason. These margin hikes basically force people to liquidate... so silver is more available. The more available or less the demand, the lower the prices. Historically, these margin hikes only cause a temporary fluctuation on the price, so silver will eventually go back up. I had to drive to two different stores get all of my 100 1 oz coins today, and I bought both of the stores out. When silver and gold stores are running out of 1 oz coins, that should tell you something... buy =) Also, a side note... if you are going to buy silver, I would stay away from any bar bigger than 10 oz. My narcissism wants me to have a bar of silver the size of my kitten, but my whits tell me otherwise. The reason is because if you have a 100 oz bar, then picking a time to sell it can be very tricky... once it's gone, it's gone... so you want to make sure you get the best price for your bar. However, with 100 coins, you can make 100 separate sales, so price fluctuations won't make you as anxious. Hope this helps! I signed up on this site just to answer your post... you will probably never see me again =) - Vanna[/QUOTE]
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