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<p>[QUOTE=&quot;medoraman, post: 947740, member: 26302&quot;]I remember buying a bunch of &quot;junk&quot; silver 90% from house demolishers for 3.2 times face in the early 90&#039;s. I would find an occasional 32s quarter or something to boot. I paid him more than what dealers were offering, and slightly less than what dealers were selling for. I think the &quot;new&quot; silver one ounce coins went for $1 over spot, less with quantity. Rounds were right around spot, with maybe $.50 premium for &quot;cute&quot; ones.</p><p>&nbsp;</p><p>If silver goes back down, sellers will try to increase their premiums over spot for as long as they can. No one likes to sell inventory for less than they paid, just like the housing market now. Eventually it WILL go down to more normal premiums, just lika what happened in 1981-1985. Sellers then tried to keep increasing their premiums to not lose, and after enough lost sales had to bite the bullet and sell at normal premiums.</p><p>&nbsp;</p><p>This is what worries me now about this market, the fact that premiums are so high it seems like the last boom/bust cycle. I am simply stating that no one should be overleveraging at these pricing levels, as the downside risk is just as high as any upside potential. Just for full disclosure, I have a few thousand ounces I put away 20 years ago, but am not buying any now except for silver that comes in coin purchases. With a little fiscal prudence, and the Euro calming down, I could see $10 an ounce again just as easy or easier than $30.</p><p>&nbsp;</p><p>I know I am on the wrong board with that opinion, but still. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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