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What if silver plummeted down to $15oz, would you be ready?
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<p>[QUOTE="medoraman, post: 1162156, member: 26302"]You would not find it available to buy at those prices, you are right. It took years after the 1980 crash to be able to buy silver at spot. I would go to coin shows and it seems all of the dealers had "reasons" why they had to charge multiple dollars over spot. The reall "reason" was that they didn't want to take the loss from their purchase price, not realizing they already took the loss when the market went down.</p><p><br /></p><p>Even if it went down to $15 over the course of 6 months dealers would want to sell at $20, if not more would be my guess. People pointed out a couple of years ago when silver went down how dealers wanted more than spot, and were saying this was proving there was a shortage of physical silver. I don't think it proved a shortage, I think it proved dealers are unwilling to accept losses on their stock until quite a bit of time elapses and they are basically forced to by competition.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1162156, member: 26302"]You would not find it available to buy at those prices, you are right. It took years after the 1980 crash to be able to buy silver at spot. I would go to coin shows and it seems all of the dealers had "reasons" why they had to charge multiple dollars over spot. The reall "reason" was that they didn't want to take the loss from their purchase price, not realizing they already took the loss when the market went down. Even if it went down to $15 over the course of 6 months dealers would want to sell at $20, if not more would be my guess. People pointed out a couple of years ago when silver went down how dealers wanted more than spot, and were saying this was proving there was a shortage of physical silver. I don't think it proved a shortage, I think it proved dealers are unwilling to accept losses on their stock until quite a bit of time elapses and they are basically forced to by competition. Chris[/QUOTE]
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What if silver plummeted down to $15oz, would you be ready?
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