Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
What are you holding out for with silver?
>
Reply to Thread
Message:
<p>[QUOTE="Emoticon, post: 1499643, member: 38428"]I don't know that you aren't buying large amounts now, but I'd have to say if people are it's a really bad idea as an investment in my opinion. The price is going down slowly at the moment and the media loves to crap on metals every chance they get unless they are skyrocketing. With the price on the decline it's a pretty safe bet to say that silver isn't going to make a jump like Jan 2011 until it at least shows signs of slightly rebounding, unless a vast quantity of silver were destroyed tomorrow which is also pretty unlikely. When its consistently going down with no jump immediately imminent why not wait and see how low its going to bottom out and then make your big purchase when it at least starts to rebound a little bit so you can be as sure as possible it won't drop another 20 or 30% 2 months later and you could have bought that much more? The only time I could think otherwise would be investing on the numismatic value of the coin alone regardless of the metal price at which point the metal price is sort of irrelevant. Of course and MS-65 1889CC Morgan really isn't going to be effected by the silver price that much. It's not as if silver is hard to find right now and its probably not going to disappear within the next few weeks. I am 100% positive I could get 1000oz inside of a day or two if I wanted at a good price within 100 miles of my house. Why not wait and see how low it goes and get as much as possible?[/QUOTE]</p><p><br /></p>
[QUOTE="Emoticon, post: 1499643, member: 38428"]I don't know that you aren't buying large amounts now, but I'd have to say if people are it's a really bad idea as an investment in my opinion. The price is going down slowly at the moment and the media loves to crap on metals every chance they get unless they are skyrocketing. With the price on the decline it's a pretty safe bet to say that silver isn't going to make a jump like Jan 2011 until it at least shows signs of slightly rebounding, unless a vast quantity of silver were destroyed tomorrow which is also pretty unlikely. When its consistently going down with no jump immediately imminent why not wait and see how low its going to bottom out and then make your big purchase when it at least starts to rebound a little bit so you can be as sure as possible it won't drop another 20 or 30% 2 months later and you could have bought that much more? The only time I could think otherwise would be investing on the numismatic value of the coin alone regardless of the metal price at which point the metal price is sort of irrelevant. Of course and MS-65 1889CC Morgan really isn't going to be effected by the silver price that much. It's not as if silver is hard to find right now and its probably not going to disappear within the next few weeks. I am 100% positive I could get 1000oz inside of a day or two if I wanted at a good price within 100 miles of my house. Why not wait and see how low it goes and get as much as possible?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
What are you holding out for with silver?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...