Good, I'm going to buy the crap out of it

 

I hope you did and tripled your money

 

It could continue to drop for the next few days, as most commodities tend to follow the markets as a whole. Wouldn't be surprised to see it hit 14.

 

yep ive been waiting for this ala franchisekid

 

He already started a thread on it. I would post it but I cannot copy and paste from my I phone.

 

Stock prices are down to almost 10k too. Someone must be gaining faith in the dollar again.

 

the Greece and Portugal sovereign issues are really starting to boil. The "flight to safety" of the USD is coming into play as the Euro gets walloped. I'm with you folks - I'm buying some silver in a big way in the near future.

 

help me understand why sometimes it falls and sometimes it rises........

Like in the mid 80's it was $50 an oz. If the US dollar is weak, silver should rise, so why is it falling now?

 

Dollar went up because of the trouble with the Euro. Dollar goes up, precious metals drop. Hence the drop in silver and the 46$ dollar drop in gold today. Of course it is a lot more complicated than that, but this is the simplified explination.

 

Just wait until tomorrow when the BLS reports on unemmployment for January. The number of new jobless claims went up, only makes sense that unemployment went up (albeit a tiny bit) as well.

If it is anything less than 10.0% I will cry out LIAR at the top of my lungs. I promised myself if gold went back below $1,000/oz I'd buy some . . . I may get lucky

 

Price of silver is tied closer to commodity markets in general because its demand is driven mostly by industry, not investment as is gold. Also, inventories for silver are much smaller than gold, as it is not horded by central banks as gold is.

The run up in price in the early 80's was due to a couple of very wealthy investors attempting to corner the market, see:

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt


A site that gives a much detailed history of the price of silver is found here:

http://www.silverinstitute.org/price_history.php

 

when it gets to $9, im going to buy like crazy.

 

Me too...keep dropping!!!

 

looks like a mini-flight to safety... to the Dollar...

 

"Out of the frying pan,into the fire" ?

 

If any of you are going to cash in, before the 7th apmex sent me a coupon "silverdollar" 5$ off 100-249,10$ off 250-999 and 25$ off orders of 1000+ If silver goes down again tomorrow i think i will order 250 worth.

 

I bought back then but i wouldn't be buying now

 

Cash will be King in 2010, 2011 and possibly in 2012, after that, a 12 guage and a good pistol.

 

LMAO!!:

i needed that tonight. thanks! :thumb:

 

...but I just bought my first silver ever. Oh well, I plan on buying a lot more, and thanks to this, I can buy more than I planned to before.

 

Silver is dropping in price?

Oh don't you silver investors worry none. We have Captain Dumbass in charge of America, and he will be sure to run our dollar into the ground so fast, this minor fluctuation will seem like a fart in a free fall.

 

1 day of trading does not set a trend...Sit back and see what happens.. might want to buy some so when Hyper inflation hits your money is worth more with Silver with a little bit of Dollar cost averaging now...

 

what is a good price to pay over spot? or is paying over spot for suckers? i cant find silver for spot price the lowest i have seen was 2.50 over on Craigslist.

 

Try http://www.apmex.com/

They typically can get you down to $1.00 or less over spot, depending on quantity.

 

Still Dropping

Now in the 14.XX dollar range. I wonder how far it's going to drop

 

Its so funny to read this post from 2009. Look where we are at now. watch for a spike in silver and gold in the next week.

 

Well, about 9 months later it's at $28.18 last time I looked. Wonder what it will be in another 9, 12, 18, 24..... that's all I'm looking at.

 

In hindsight, though, the stock market also went up enormously over the past year. Hard to say which was the better deal on the upside. If things crash again, though, it would be nicer to have the pretty stuff than sheets or paper (or just digits on the screen).

 

The value of stocks in dollars went up handsomely. The true intrinsic value may even have gone up. But calculate the taxes on the "gain" (vs dollars) and subtract from the real gain, and the performance of the stock market was lackluster at best. And it could all be electronically stolen at a moment's notice. I'll stick to guns, ammo, silver, trees, land, wells, etc. over electronic theft, tyvm.

 

Newbie here. I bought 2 oz of silver for the first time in my life. Will continue to buy silver. It can only go up from here on.

Check out:

Article

 

Silver is going to drop down to around $20 within 4 or 5 months.
We are at the end of the 2 year cycle... I already sold out about 2 weeks ago... made a huge profit.

 

Well you just lost more huge profits because the "2 year cycle" does not apply to the current economy.

 

Keep on moving down !!! Just means I can Buy More! The stock market is Just a BIG Bubble and it going to bust!! Before Long!!! Just wait!!!

 

I thought buying silver was about protecting your money and not entirely about making a profit. Who in their right mind would sell their silver at this point for US dollars? Sure, you made some money in selling but what good will that money do you unless you spend it all before the dollar drops off the cliff.

 

Selling now makes sense if you believe the price of silver will drop to $20 in the next couple months - then you could buy back in at that price. I actually believe the price of silver will be moving in the opposite direction though and wouldnt consider selling any at this point.

IMO at the end game no one will care what you paid for silver, or what you made in dollars - the only thing that will matter is how many ounces are you physically holding when the music stops.