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Was it a mistake to buy silver now?
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<p>[QUOTE="Rhino89, post: 1103799, member: 21773"]I agree with dctjr80. I bought silver back when it was around $16/oz., and bought both coins for my collection (to avoid paying more for them in the future and coughing up bigger bucks for the silver ones) and coins to be later re-sold when silver went higher. When silver went above $24/oz, I dumped all the original "to-be-resold" coins I had, and hadn't regretted it. I'll take that small profit any day and be safe, rather than holding it too long. I held on to it for about 10 months, now that I think of when I started.</p><p> </p><p>At the current prices, I'm not buying any silver unless I can get it for less than $25/oz. I wish you all the best with your silver investment, I hope it goes $50+ and pays you nicely. Personally, I'm hesitant to put up $30/oz because after fees/expenses of selling you'll probably break even when silver's at $32/oz...[/QUOTE]</p><p><br /></p>
[QUOTE="Rhino89, post: 1103799, member: 21773"]I agree with dctjr80. I bought silver back when it was around $16/oz., and bought both coins for my collection (to avoid paying more for them in the future and coughing up bigger bucks for the silver ones) and coins to be later re-sold when silver went higher. When silver went above $24/oz, I dumped all the original "to-be-resold" coins I had, and hadn't regretted it. I'll take that small profit any day and be safe, rather than holding it too long. I held on to it for about 10 months, now that I think of when I started. At the current prices, I'm not buying any silver unless I can get it for less than $25/oz. I wish you all the best with your silver investment, I hope it goes $50+ and pays you nicely. Personally, I'm hesitant to put up $30/oz because after fees/expenses of selling you'll probably break even when silver's at $32/oz...[/QUOTE]
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