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I'm all in and I took a few other people with me


Anyone else all in at this point?

This isn't capitulation yet if people are still talking about going all in. Thus, the market will drift/plunge lower still.

Just about as far in as I'm gonna get right now. Still got some power dry.

beauanderos wrote:This isn't capitulation yet if people are still talking about going all in. Thus, the market will drift/plunge lower still.

Generally capitulation will happen BEFORE the last "side liners" decide to go in. Long before as generally "side liners" stay on the side line for the most part.

And, I'm sure a lot of capitulation has already occurred.

That said: sure it could drift lower of course, although my money apparently is hoping it won't

I'm all in for the time being. My powder started smoking so I figured I would let it cool off for a while.
ED

Didn't say I wasn't all in on a week by week basis regarding physical. But I'm keeping some 401K paper powder dry for yet lower entry point. If I'm wrong, so what? The pile benefits

I have been all in for 11 years now.

I have some dry Power but can't find bullion or 090% at a Premium I will pay

Gillette WY has only Pawn Shops No rolls of 90% an want $9.00 extra for bullion

Two more days Travel to get home hope spot drops a little more

I went all-in in 08. As for this time around I have been picking up a few to several ounces every time the price of silver drops a couple bucks. I don't want to overextend myself but I can't miss out on these prices either. My strategy was the same at 27 as it is today, buy what I can afford to lose not caring about the price for as long as demand exceeds mining supply.

As others, I'm essentially already all-in and have been for some time, though I'm weighing whether or not to spend the next couple of months worth of PM buys now instead of later.

Naw, I'm not all in. I still have future discretionary income to purchase more. Plus I sort each and every week. Can't beat that $1.39 and $3.39 per troy silver.

What does the term "capitulation" mean? I have heard it used numerous times.

tedandcam wrote:Naw, I'm not all in. I still have future discretionary income to purchase more. Plus I sort each and every week. Can't beat that $1.39 and $3.39 per troy silver.

What does the term "capitulation" mean? I have heard it used numerous times.

Well I'm not all-in on silver either, I've just gone as far in as I'm willing to go in the absence of spare dry powder

Capitulation basically means giving up.

For the past year and half I've put myself on a monthly budget and I've been buying from $40 all the way down $19. My main concern right now is whether the little LCS I deal with will have any supply. I almost cleaned him out the last time with a fairly modest amount of cash. I also continue to encourage family and friends invest, which is challenging to say the least.

I'm all out.......of what I had planned to move.
I will be all in when we hit my new target.
Please don't string me up. I don't like it anymore than the next guy.

$18-19/oz is a good price so why not buy? Does anyone seriously think it will never go above that? If a savings account pays 0.05% then what do you have to lose waiting for silver to go back to $30 even if it takes 5 years you're still way ahead of hoarding FRNs in a digital account.

No way, people are just starting to panic and bail.

I don't think this drop is independent from teh Fed's QE3 comments at all. Eventually people will see that the Fed hasn't and won't stop printing.

beauanderos wrote:This isn't capitulation yet if people are still talking about going all in. Thus, the market will drift/plunge lower still.

In general I agree with you, but we are a pretty hard core group. I'm buying all the way down to $9 if need be.

I'm sure there was a group that rode silver from the 1980 peak all the way down to the 1999 lows.

Of course paper PMs are another matter. I paired down quite a bit when it broke through $26 and started getting back in a little today.

I bought some today. Will buy more if it goes down a lot more. Would like to pick up more ASE's for $13 each like I did in 2008

The thought that runs thru my head is this:

When spot was trending to $22-$23 premiums where something like $3 over for .999 and $4.99 over for 90%!
I would joke with the coin shop owner that if given time (this was May) would premiums retreat and supply return to normal, in say July (my exact guess)
He said yes

But silver has fallen so much that supply and premiums never adjusted to $22, but here we are at $18 not having any problems. Supply and premiums seem normal to me, if not a tad bit higher than normal.

So the pain might not be fully over yet, but all in should never be an option. You should always have cash to buy more, if not for special bargains alone

I agree it's not as bad as last time, but premiums are high right now. And there's another thing to consider: the same premium is a higher percentage of the total price as price comes down. $2 over was a 5% premium at $40; it's a 10% premium at $20.

scyther wrote:I agree it's not as bad as last time, but premiums are high right now. And there's another thing to consider: the same premium is a higher percentage of the total price as price comes down. $2 over was a 5% premium at $40; it's a 10% premium at $20.

Yeah, but as we get near a bottom channel for silver ( wherever its is) online vendors will be competing over time and prices should adjust to premiums that become standard IMHO. I do agree that they get a better margin as spot price drops and the premium does not. I think that will have to adjust, especially if low silver prices are a hallmark of demand and thus a market that scoffs at silver accumulation. I mean, if silver drops to $10 or less, that says a lot about demand no matter what. As far as I see it, sellers can not expect much over spot if the market goes cold on silver.

Years ago when Silver traded from $10-$20, more specially in the $12-17 range you saw $1 over for generics and something like $2- $2.50 over for bullion dealers.

We arent there yet but if silver sits at $18 or a specific spot price long enough it will. The only difference was the market was ALOT smaller before the run-up for Silver and Gold

From what I have been told by dealers more people ask for silver or gold, even if just for a few rounds, now than they did in 2006 or earlier.

I remember going to my local show asking dealers for the only 2 words I knew- "Bullion" and "Silver Eagles", That was it according to google. Dealers didnt know what the hack I was talking about in 2006 other than the 2-3 bullion guys. Now it seems ALL dealers have a small bullion section

Robarons wrote:Years ago when Silver traded from $10-$20, more specially in the $12-17 range you saw $1 over for generics and something like $2- $2.50 over for bullion dealers.

We arent there yet but if silver sits at $18 or a specific spot price long enough it will. The only difference was the market was ALOT smaller before the run-up for Silver and Gold

From what I have been told by dealers more people ask for silver or gold, even if just for a few rounds, now than they did in 2006 or earlier.

I remember going to my local show asking dealers for the only 2 words I knew- "Bullion" and "Silver Eagles", That was it according to google. Dealers didnt know what the hack I was talking about in 2006 other than the 2-3 bullion guys. Now it seems ALL dealers have a small bullion section

Westminster has about a $1.20 premium right now on its generics. I think sub $1 premiums are feasible if silver drops down to $10 range. The more dealers that sell bullion and ASE's, the more price competition too. Beautiful thing cited by the bears is that mining is constantly pulling silver out of the ground. There are that many more people that have signed on to allocating some of their money to precious metals. I don't think the market for silver will be the same as it was the post 1980's to early 2000's. If anything, I think the internet has awakened more people to info about having some real money in the form of PMs.

Yes Barry I'm all in based on your previous advice. Hope it goes up soon or I may need to live in your spare room.