SILVER BELOW $27. BTD.

**Thorack** · June 23, 2012, 23:33

Well,

Silver broke the $27 barrier it had been stuck at. Currently at $26.90. I say buy the dip because no one knows where it going next.

Thorack

Bawana jim · June 24, 2012, 08:38

I am wondering if people won't run out of money first before the price goes up. Most people are debt slaves and owe far more than what they are worth. I am suprised that PMs are as high as they are.

ncjeeper · June 24, 2012, 14:19

Yeah I grabbed some 90%.

BlasterLP · June 24, 2012, 15:11

who has it physically in stock to purchase at that price?

EPC WN · June 24, 2012, 17:27

Waiting for 25 out the door for Eagles. Put the spot around 21 or 22. All in then. Wishful thinking? Or a sound call that Europe hasn't really hit bottom yet? Probably a lil o both. BTD though is sound monetary advice for those of you that are already heavily vested. Good luck gentlemen.

gates · June 24, 2012, 18:41

I'd do part at that price then hold out for $20/per delivered - we ARE going to have a nasty deflationary crash in asset prices before it all blows up - IMO - YMMV, not advice just what I think is going to happen.

EPC WN · June 24, 2012, 19:38

Quote:

Originally Posted by gates

I'd do part at that price then hold out for $20/per delivered - we ARE going to have a nasty deflationary crash in asset prices before it all blows up - IMO - YMMV, not advice just what I think is going to happen.

Yeah you're probably right. Catching a falling knife is tough though. 20 delivered sounds tasty. I think the bogus paper may go that low but would you swing your physical off for that price? I think very few people would. And there is where the run starts. When the paper and actual metal decouple.

MakNorinco · June 25, 2012, 07:46

I'm not buying till it hits $20/oz, how long do you think that'll be?

I'm tempted to currently buy at 26.68, but no place will sell at spot, so you end up paying almost $29-30oz once its all said and done.

There is a bad moon rising....

juanni · June 25, 2012, 07:54

Quote:

Originally Posted by MakNorinco

I'm not buying till it hits $20/oz, how long do you think that'll be?

I'm tempted to currently buy at 26.68, but no place will sell at spot, so you end up paying almost $29-30oz once its all said and done.

There is a bad moon rising....

When has any dealer ever sold at spot?

There is always a premium.

...........juanni

MakNorinco · June 25, 2012, 08:11

Quote:

Originally Posted by juanni

When has any dealer ever sold at spot?

There is always a premium.

...........juanni

Good point, I guess I'm spoiled acquiring silver from private individuals at spot pricing.

EPC WN · June 25, 2012, 08:15

Quote:

Originally Posted by MakNorinco

I'm not buying till it hits $20/oz, how long do you think that'll be?

I'm tempted to currently buy at 26.68, but no place will sell at spot, so you end up paying almost $29-30oz once its all said and done.

There is a bad moon rising....

Once Europe has to come to actual terms with the PIIGS all at once. Maybe real soon.

juanni · June 25, 2012, 09:32

Quote:

Originally Posted by MakNorinco

Good point, I guess I'm spoiled acquiring silver from private individuals at spot pricing.

Lucky bastard!

..........juanni

MakNorinco · June 26, 2012, 15:00

Quote:

Originally Posted by juanni

Lucky bastard!

..........juanni

Just place an ad in the paper, thats what I've been doing.

"Want to buy, gold, silver, coins, guns"

You'd be surprised how many little old ladies have stuff they want to sell off.

ncjeeper · June 26, 2012, 20:14

Quote:

Originally Posted by BlasterLP

who has it physically in stock to purchase at that price?

My regular dealer. She didnt have much left but did have enough for me.

FAL freek · June 27, 2012, 13:24

Quote:

Originally Posted by juanni

When has any dealer ever sold at spot?

There is always a premium.

...........juanni

For tangible assets in my grubby little hands I'm happy to pay 3% over spot.

**olgier** · June 27, 2012, 14:59

Quote:

Originally Posted by FAL freek

For tangible assets in my grubby little hands I'm happy to pay 3% over spot.

Where are you buying for 3% over spot? Apmex is a heck of alot more over spot than that.

Super B · June 28, 2012, 02:58

I used to buy silver eagles from APMEX, now I buy APMEX 1 oz silver rounds instead. $1.49 over spot ($1.00 if you catch a sale). They are a known quantity and I have never had a problem with them.

**olgier** · June 28, 2012, 07:11

If I could swing 500 onces at once to get the $1.49 over spot I would. For us small timers, we are stuck at $3-$4 over spot with apmex. (plus shipping which adds anohter $1 or so per oz.)

davedude · June 28, 2012, 09:34

Silver is getting slammed right now....$26.20 and goin down...

I'll wait a little longer.

Dave Dude

EPC WN · June 28, 2012, 12:31

Low 20's looking tasty. Seeing if anybody has any physical for sale at that price will be another story.

FAL freek · June 28, 2012, 13:51

Quote:

Originally Posted by davedude

Silver is getting slammed right now....$26.20 and goin down...

I'll wait a little longer.

Dave Dude

Let it go! I'm in a buying mood.

Still getting my jollies watching Europes economy free fall after having to listen to their heckling about Americas economy for a couple years and how it would never happen to them. Thanks for the price drop on silver Europe!

Bawana jim · June 28, 2012, 17:55

So, what will the effect of Obama Care be on gold and silver prices?

gates · June 29, 2012, 01:35

who the hell knows - we sure as hell can't afford it so they WILL eventually have to print to pay for all of this crap so EVENTUALLY PMs should go up as the dollar is further debased but with whats going on in Europe... who knows, too many moving parts.

MakNorinco · June 29, 2012, 09:11

Quote:

Originally Posted by Bawana jim

So, what will the effect of Obama Care be on gold and silver prices?

Well, today silver is surging

Silver 27.55 + 4.88%

Along with Oil, up over 5%

**Thorack** · July 06, 2012, 12:36

Well,

Its back down below $27 as the reality of a Euro downturn is back. I see more of these intermitent pops as the price declines. Patience.

Thorack

June 23, 2012, 23:33	#1
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,623	SILVER BELOW $27. BTD. Well, Silver broke the $27 barrier it had been stuck at. Currently at $26.90. I say buy the dip because no one knows where it going next. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

June 24, 2012, 14:19	#3
ncjeeper Registered Contributor FALaholic #: 65663 Join Date: Feb 2012 Location: NC Posts: 222	Yeah I grabbed some 90%. __________________ If you cant fix it with a hammer it must be an electrical problem!

June 24, 2012, 17:27	#5
EPC WN Registered FALaholic #: 65612 Join Date: Feb 2012 Location: District 12 Posts: 2,853	Waiting for 25 out the door for Eagles. Put the spot around 21 or 22. All in then. Wishful thinking? Or a sound call that Europe hasn't really hit bottom yet? Probably a lil o both. BTD though is sound monetary advice for those of you that are already heavily vested. Good luck gentlemen. __________________ 308Bolt/Gunplumber 2016

June 25, 2012, 07:46	#8
MakNorinco Registered FALaholic #: 29380 Join Date: May 2007 Location: INDIANA Posts: 902	I'm not buying till it hits $20/oz, how long do you think that'll be? I'm tempted to currently buy at 26.68, but no place will sell at spot, so you end up paying almost $29-30oz once its all said and done. There is a bad moon rising.... __________________ Originally posted by Ssarge Yeah, that really pissed me off when the German's bombed Pearl Harbor!

June 28, 2012, 02:58	#17
Super B Registered FALaholic #: 404 Join Date: Jul 2000 Location: Tallahassee, FL,, USA Posts: 1,632	I used to buy silver eagles from APMEX, now I buy APMEX 1 oz silver rounds instead. $1.49 over spot ($1.00 if you catch a sale). They are a known quantity and I have never had a problem with them. __________________ 'The true Soldier fights not because he hates what is in front of him, but because he loves what is behind him.' -G. K. Chesterton

June 24, 2012, 08:38	#2
Bawana jim Registered FALaholic #: 17482 Join Date: May 2005 Location: west coast Posts: 5,341	I am wondering if people won't run out of money first before the price goes up. Most people are debt slaves and owe far more than what they are worth. I am suprised that PMs are as high as they are.

June 24, 2012, 15:11	#4
BlasterLP Registered FALaholic #: 2081 Join Date: Jan 2001 Location: Kansas but now Iraq, wtf was I thinking?? Posts: 950	who has it physically in stock to purchase at that price?

June 24, 2012, 18:41	#6
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,336	I'd do part at that price then hold out for $20/per delivered - we ARE going to have a nasty deflationary crash in asset prices before it all blows up - IMO - YMMV, not advice just what I think is going to happen.

June 28, 2012, 07:11	#18
olgier Curio & Relic Silver Contributor FALaholic #: 17951 Join Date: Aug 2005 Location: maine Posts: 2,682	If I could swing 500 onces at once to get the $1.49 over spot I would. For us small timers, we are stuck at $3-$4 over spot with apmex. (plus shipping which adds anohter $1 or so per oz.)

June 28, 2012, 09:34	#19
davedude Registered FALaholic #: 20538 Join Date: Jul 2006 Location: Dallas-Fort Worth Posts: 3,874	Silver is getting slammed right now....$26.20 and goin down... I'll wait a little longer. Dave Dude __________________ There's only two reasons we showed up here, to party and kick some ass, and we're almost out of beer!

June 28, 2012, 12:31	#20
EPC WN Registered FALaholic #: 65612 Join Date: Feb 2012 Location: District 12 Posts: 2,853	Low 20's looking tasty. Seeing if anybody has any physical for sale at that price will be another story. __________________ 308Bolt/Gunplumber 2016

June 28, 2012, 17:55	#22
Bawana jim Registered FALaholic #: 17482 Join Date: May 2005 Location: west coast Posts: 5,341	So, what will the effect of Obama Care be on gold and silver prices?

June 29, 2012, 01:35	#23
gates Registered FALaholic #: 129 Join Date: Jul 2000 Location: phx az Posts: 10,336	who the hell knows - we sure as hell can't afford it so they WILL eventually have to print to pay for all of this crap so EVENTUALLY PMs should go up as the dollar is further debased but with whats going on in Europe... who knows, too many moving parts.

July 06, 2012, 12:36	#25
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,623	Well, Its back down below $27 as the reality of a Euro downturn is back. I see more of these intermitent pops as the price declines. Patience. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

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