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Old 03-26-14, 04:25 PM   #1
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anyone buying silver today?

I doubt it will stay below 20 per ounce for a long time I predict to see it to 30 before 2015
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Old 03-27-14, 08:29 AM   #2
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Centrum Silver?
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Old 03-27-14, 08:44 AM   #3
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Centrum Silver?
This thread needs to be moved to the Fifty Plus (50+) forum.
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Old 03-27-14, 08:50 AM   #4
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If it isn't wearable, what good is it?

...unless you plan on making it wearable?
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Old 03-27-14, 08:51 AM   #5
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I doubt it will stay below 20 per ounce for a long time I predict to see it to 30 before 2015
Not necessarily today, maybe before too long.
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Old 03-27-14, 01:36 PM   #6
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Since the start of the year, I've been taking $100 every other week (paycheck) and buying silver. Plan to go tomorrow and pick up more.

A couple of weeks ago, the dealer I prefer had an old $2.50 gold coin at a reasonable price, and I may trade some of my existing silver against purchase of that. I used to be a coin geek back when I was a kid and some of it appears to have stuck. I'm currently lusting after a 1921 Peace dollar for the deeper impression than later Peace dollars -- beautiful artwork -- but they are rare, super-collectible, value far outsize silver content, and the junk silver Peace dollars I already have satisfy most of that itch.

I usually split my buys between bullion coins and junk silver coin. I like the Walking Liberty US Mint ozs, but they command a premium price. I only just found out that the Buffalo and Peace coin bullion is not USMint manufacture, but they are still recognizable and trusted bullion. I also may stretch my buy this time for a 5oz bullion ingot/bar if the gold coin thing falls through.

I'm definitely not one of those "fiat munny" return-to-the-gold-standard nutjobs, but I enjoy having a Hoard of Metal, modest as it is, just to be able to say I have a Hoard. Like Smaug. I'll also be in good stead if I team up with a home-reloader when the werewolf apocalypse goes down.

FYI, silver is only down after a short, recent blip north to $22/oz. It's been around the price it is now since October or so. If you'd bought Feb 2 and sold three weeks later, you'd have got nearly a 15% return on your investment, less dealer premium over spot when buying. Silver is down 30% from where it was a year ago, but up 46% from where it was five years ago.

I am an ignorant investor and stick with my gut feeling that it will not fall much below current values, that low values in the recent past was due to low demand shakeout as the industrial film industry (printing) went direct to plate.

I figure I'll keep doing this -- $100 or so every other week -- regardless of price as part of a savings plan. Not too difficult to cash it in for money if really needed, certainly more accessible than many other savings options. And there may come a time when silver is back up to $40-50/oz like it was a few years ago, at which time, I cash out some or most of the Hoard and look brilliant for having bought cheap and sold way high.
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Old 03-27-14, 01:57 PM   #7
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Have you thought of buying silver ETF's? They can be traded like any stock.
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Old 03-27-14, 02:17 PM   #8
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Have you thought of buying silver ETF's? They can be traded like any stock.
I don't recall Smaug having ETFs in his Hoard...

I like having hands-on treasure. Prettier.
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Old 03-27-14, 03:32 PM   #9
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I don't recall Smaug having ETFs in his Hoard...

I like having hands-on treasure. Prettier.
Prettier, but heavier.

I helped a friend load some silver into a safety deposit box at the bank a while back. I shudder to think just how much silver he had in there, it was a strain to lift the thing.
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Old 03-28-14, 04:28 AM   #10
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Prettier, but heavier.

I helped a friend load some silver into a safety deposit box at the bank a while back. I shudder to think just how much silver he had in there, it was a strain to lift the thing.
If it ever comes to that point, I'll trade silver in for palladium, gold, or platinum to maintain portability.
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Old 03-28-14, 07:09 PM   #11
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OK, windchaser, what's the story? What got you thinking about silver?

I go in today, the gold coin is gone, but so is a LOT of the silver. There were a couple 5oz bars -- gone; stacks of 10oz bars, mostly gone; junk silver small coins was completely wiped out, junk silver dollars down to a few Morgans from a dozen+; bullion ounces low. Like a local run on silver.

So what gives? Was there some story about silver somewhere?

What mystifies me is that the price now is where it was at since last October, slight rise through January, a return to pre-New Year prices, and then a spike up a couple dollars and now it's back where it was most of last Fall.

It's not like incredibly low pricing or anything.

In any case, traded 5 bullion oz coins + cash for a 10oz bar. Now that sucker is weighty and a fine addition to the Hoard. Arrr.
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Old 03-28-14, 07:15 PM   #12
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I lied. But still, price it's at now is where it seems to plateau and stick for a while, why the rush now? There wasn't this kind of interest back Dec-Jan when it was this low. Is it just the differential from last March?
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Old 03-28-14, 07:16 PM   #13
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Originally Posted by mconlonx View Post
Since the start of the year, I've been taking $100 every other week (paycheck) and buying silver. Plan to go tomorrow and pick up more.

A couple of weeks ago, the dealer I prefer had an old $2.50 gold coin at a reasonable price, and I may trade some of my existing silver against purchase of that. I used to be a coin geek back when I was a kid and some of it appears to have stuck. I'm currently lusting after a 1921 Peace dollar for the deeper impression than later Peace dollars -- beautiful artwork -- but they are rare, super-collectible, value far outsize silver content, and the junk silver Peace dollars I already have satisfy most of that itch.

I usually split my buys between bullion coins and junk silver coin. I like the Walking Liberty US Mint ozs, but they command a premium price. I only just found out that the Buffalo and Peace coin bullion is not USMint manufacture, but they are still recognizable and trusted bullion. I also may stretch my buy this time for a 5oz bullion ingot/bar if the gold coin thing falls through.

I'm definitely not one of those "fiat munny" return-to-the-gold-standard nutjobs, but I enjoy having a Hoard of Metal, modest as it is, just to be able to say I have a Hoard. Like Smaug. I'll also be in good stead if I team up with a home-reloader when the werewolf apocalypse goes down.

FYI, silver is only down after a short, recent blip north to $22/oz. It's been around the price it is now since October or so. If you'd bought Feb 2 and sold three weeks later, you'd have got nearly a 15% return on your investment, less dealer premium over spot when buying. Silver is down 30% from where it was a year ago, but up 46% from where it was five years ago.

I am an ignorant investor and stick with my gut feeling that it will not fall much below current values, that low values in the recent past was due to low demand shakeout as the industrial film industry (printing) went direct to plate.

I figure I'll keep doing this -- $100 or so every other week -- regardless of price as part of a savings plan. Not too difficult to cash it in for money if really needed, certainly more accessible than many other savings options. And there may come a time when silver is back up to $40-50/oz like it was a few years ago, at which time, I cash out some or most of the Hoard and look brilliant for having bought cheap and sold way high.
It's hard to buy silver in one hundred dollar bites. Here in California they tax any silver purchase under fifteen hundred dollars (tax is 9%).
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Old 03-29-14, 04:19 AM   #14
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If it ever comes to that point, I'll trade silver in for palladium, gold, or platinum to maintain portability.
I think he had some gold in there too. Most of the weight must have been silver, if that sucker was that heavy with gold it would have been worth hundreds of millions.
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Old 03-29-14, 05:35 AM   #15
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It's hard to buy silver in one hundred dollar bites. Here in California they tax any silver purchase under fifteen hundred dollars (tax is 9%).
Yikes! No sales tax in NH.

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I think he had some gold in there too. Most of the weight must have been silver, if that sucker was that heavy with gold it would have been worth hundreds of millions.
I do someday want a kilo ingot of silver...

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Old 03-29-14, 08:13 AM   #16
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I lied. But still, price it's at now is where it seems to plateau and stick for a while, why the rush now? There wasn't this kind of interest back Dec-Jan when it was this low. Is it just the differential from last March?
Commodities were expected to bottom out in 2013 which they largely did. 2014 is forecast to see improved commodities markets.
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Old 03-29-14, 10:04 AM   #17
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I lied. But still, price it's at now is where it seems to plateau and stick for a while, why the rush now? There wasn't this kind of interest back Dec-Jan when it was this low. Is it just the differential from last March?
That's pretty typical for metals. I gained around 35% on stock investments last year, I sticking with that kind of performance.

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Old 03-29-14, 10:25 AM   #18
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Yikes! No sales tax in NH.



I do someday want a kilo ingot of silver...

My silver involvement does include a 10oz bar and a 100oz bar. The latter weighs about 3kg. It's pretty.

I don't know for sure but I think the friend whose deposit box I struggled to lift has a number of them. You can get 1,000oz silver bars which would be a little over 30kg. They would make a neat doorstop
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Old 03-29-14, 11:47 AM   #19
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I gained around 35% on stock investments last year, I sticking with that kind of performance.
Same here. Plus a little bit of day tradng (gambling..LOL)
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Old 03-29-14, 12:16 PM   #20
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