Cu Penny Hoarder wrote:Prices are getting hammered and premiums are still very low. This is a great opportunity to accumulate. The strong hands with dry powder available should be taking advantage of this. The price may go lower, even down to $8, but you won't be able to buy it at that price... the premiums will be 50-100%.
Buy, buy, BUY!
Agree that if silver gets down to single digits it will not likely be there long and will have huge premiums. I remember well in September or October, 2008 trying to buy silver American Eagles. The dealer told me the limit was 2 coins (not rolls) per customer. Yikes! Likewise in January 1980 with silver at about $50ish for the first time ever, the refiners had a backup of several months because so many were selling. So the price actually paid for silver coins was more like what you would expect at $35/oz. Nonetheless, I took my modest stash and used it to buy five new three-piece suits with ties, shirts, etc. My average cost had been something like $3/oz.
Posted: Wed Aug 15, 2018 8:19 am