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silver, prices quickly rise and slowly drop?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

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silver, prices quickly rise and slowly drop?

Postby mrrosado » Wed Oct 10, 2012 7:29 pm

Now that the spot price of silver is down I was hoping to find some deals online. It seems that dealers are quick to raise prices as spot prices go up and they are slow to drop them as spot prices go down. Is this correct?
I like collecting Gold and Silver. I prefer the Silver stuff. God Bless You.

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Re: silver, prices quickly rise and slowly drop?

Postby dakota1955 » Wed Oct 10, 2012 8:17 pm

that an amen to that and watch the spread
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Re: silver, prices quickly rise and slowly drop?

Postby Sheba » Wed Oct 10, 2012 9:49 pm

Yes indeed. That is surely the way these things seem to work :)

It seems to me there has to be quite a drop before that shows up in dealers' pricing.

However, the 'buy it now' and 'auctions' on is forum have some absolutely great deals that reflect current pricing pretty closely. Watch these carefully. I have been tremendously impressed by the honesty, pricing, and quality of items sold, specially on the 'buy it now forum'. I think I'd pretty much buy from there for the most part unless my LCS had some really special pricing (not likely :?: :D )
Sheba

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Re: silver, prices quickly rise and slowly drop?

Postby Sterling Silver » Wed Oct 10, 2012 10:11 pm

They don't call it the Devil Metal for nothing.
"I can tell your fancy, I can tell your plain.
You give something up for everything you gain.
Since every pleasures' got an edge of pain,
Pay for your ticket and don't complain." Bob Dylan
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Re: silver, prices quickly rise and slowly drop?

Postby Sheikh_yer_Bu'Tay » Thu Oct 11, 2012 1:03 am

Coin & PM dealers have to pay for the inventory they bought. If they buy when silver is up, the smart ones will not sell at a loss when silver drops. They will want to get out of it what they put into it. If silver drops drastically, they will not sell at all. They will wait for it to go back up.

Silver has always been a wild ride! Remember what the Lone Ranger said: "Hi yo, Silver! Away!"
When I die, I want to go like Grandpa did. He died in his sleep..... Not screaming and hollering like all the passengers in his car.
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