I once did the same thing you just did, sold off and waited for the dip. After the price had come down the dealer didn't have any silver to sell.i TOLD you all that silver was going to have a huge drawback.... i sold nearly all of mine at the peak...still holding some. i'm buying more regardless....but if it dips below $30, i'm buying a shit ton
The difference is : One is paper, the other is the real thing. Physical possession of silver is better than any other position you can be in, IMO.Well, I certainly don't understand the silver prices here. Last week when silver was near $50/oz, the bank was selling it for $41.74/oz. Today, it's around $35=36 and I just came back from the bank and their selling for $65.22 (at the same exchange rate 11.5p to a dollar). The dollar exchange has improved to 11.7 today so the adjusted price would be $64.10/oz.
I just don't understand how they price their silver, it seems backwards to me.
Junk silver has the lowest premium of all. And its some of the best stuff, it will never need to be assayed, which might save you 3% of your sale profits in the future.Do junk silver coins carry a lower premium over the spot price? I'm going back to Houston soon and would like to pick up a couple of rolls of half dollars.
Highest closing price for silver was $49.45, You won't recoup losses until silver hits $140, inflation sucks. How many people bought all their silver at the peak? 1% maybe. Most people bought their silver at a far lower price than $49. Inflation adjusted I bought my silver at the lowest price in 2000 years.Aw yes, a new batch of mini Hunt brothers, you know silver was around 54.00 once b4, and you ONLY had to wait 30 yrs to recoup your losses.bravo
it's funny, but i aquired silver, not as an investment but because my brother in law owed me money back around 1973, guess i'll have to dig it out, haven't really thought much about it since then though. i know, or at least think he gave me 3 brown lunch bags 1/2 full of coins and some bars but know idea how much. maybe i will save it until after the apocalypseHighest closing price for silver was $49.45, You won't recoup losses until silver hits $140, inflation sucks. How many people bought all their silver at the peak? 1% maybe. Most people bought their silver at a far lower price than $49. Inflation adjusted I bought my silver at the lowest price in 2000 years.
To kill the Hunt brothers position they only had to raise margin requirements one time. They raised margin requirements 5 times in the last 2 weeks and silver is still above its 200 day average. Runaway Freight trains are hard to stop.
My silver train is still up 700% for me. Terrible investment, shoulda stuck to me 401k and its huge 2% per year gains (Sarc).