Silver back up over $30! Did you get your discount silver?

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.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

Silver back up over $30! Did you get your discount silver?

Postby barrytrot » Mon Sep 26, 2011 10:48 am

I bought 500 ounces for my family at 29.68/ounce delivered (including premium).

I feel like regardless of the market that's a darn good price!

And my "fake silver" is now above water again :)

I'm hoping there aren't too many more sales for a while now :)


Of course with the mega-volatility right now it's probably under $30 again (nope, stayed there long enough to write this). But I'm sure some savvy traders like "jhonfly" will make some nice gains as well :)
User avatar
barrytrot
Too Busy Posting to Hoard Anything Else
 
Posts: 4609
Joined: Mon Dec 08, 2008 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby erblaz » Mon Sep 26, 2011 10:50 am

Got $1000 face junk silver at 28.41 as soon as Tulving opened this AM. Hopefully best PM investment I make.
erblaz
 
Posts: 5
Joined: Thu Jul 14, 2011 10:57 pm

Re: Silver back up over $30! Did you get your discount silv

Postby MikeyPooh » Mon Sep 26, 2011 12:13 pm

Nope, kicking myself I didn't stay up later last night and do it then lol.
User avatar
MikeyPooh
 
Posts: 42
Joined: Fri Aug 12, 2011 2:40 pm
Location: PA

Re: Silver back up over $30! Did you get your discount silv

Postby Mossy » Mon Sep 26, 2011 12:19 pm

No, I delayed. That might be good as I'd forgotten a couple of expenses and would have put myself in a financial bind.
Mossy
1000+ Penny Miser Member
 
Posts: 1764
Joined: Mon Feb 14, 2011 6:45 pm

Re: Silver back up over $30! Did you get your discount silv

Postby camtender » Mon Sep 26, 2011 1:44 pm

.................
Last edited by camtender on Sun Jan 01, 2012 1:48 pm, edited 1 time in total.
camtender
Penny Collector Member
 
Posts: 259
Joined: Thu Oct 14, 2010 9:32 pm

Re: Silver back up over $30! Did you get your discount silv

Postby Neckro » Mon Sep 26, 2011 1:57 pm

Got some eagles, Now my wallet is mad at me :(
User avatar
Neckro
Post Hoarder
 
Posts: 2789
Joined: Thu May 08, 2008 10:00 am

Re: Silver back up over $30! Did you get your discount silv

Postby balz » Mon Sep 26, 2011 2:02 pm

I decided to wait a bit. I believe the market will soon crash big time and like in 2008 we will see PM plummet a bit.. maybe we'll briefly see silver around 20$. And the longer it stays in that area, the more chance the premiums will get down a bit. We'll, I may be wrong, but since I buy on money I don't own waiting will not do me any harm.
User avatar
balz
Penny Collector Member
 
Posts: 289
Joined: Sat Aug 13, 2011 10:59 am

Re: Silver back up over $30! Did you get your discount silv

Postby barrytrot » Mon Sep 26, 2011 2:04 pm

balz wrote:I decided to wait a bit. I believe the market will soon crash big time and like in 2008 we will see PM plummet a bit.. maybe we'll briefly see silver around 20$. And the longer it stays in that area, the more chance the premiums will get down a bit. We'll, I may be wrong, but since I buy on money I don't own waiting will not do me any harm.


You could be right. I've never been good at calling the top or bottom. I'm decent at calling the "middle" though, and from experience if you buy and sell in the middle there is a good deal of profit to be made!
User avatar
barrytrot
Too Busy Posting to Hoard Anything Else
 
Posts: 4609
Joined: Mon Dec 08, 2008 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby justj2k78 » Mon Sep 26, 2011 2:59 pm

Listen to you bunch of jerkfaces! I got 3 ounces over the weekend. THREE! LOL :D Wish I could have gone way bigger, but, it's another few plinks in the bucket!
User avatar
justj2k78
Penny Hoarding Member
 
Posts: 899
Joined: Sun Feb 20, 2011 6:54 pm
Location: Way Upstate, NY

Re: Silver back up over $30! Did you get your discount silv

Postby plus1hdcp » Mon Sep 26, 2011 3:55 pm

I pickup up some 90% coins from gainsvillecoins @ 22X face. Nice to add a bit more to the safe.
plus1hdcp
Penny Hoarding Member
 
Posts: 810
Joined: Tue Jan 11, 2011 12:50 am
Location: Tennessee

Re: Silver back up over $30! Did you get your discount silv

Postby Rodebaugh » Mon Sep 26, 2011 6:08 pm

Picked up a lone 1 ounce round for 30 today......also got 4 .999 Can nicks thrown in for free.
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby merchoarder » Mon Sep 26, 2011 6:19 pm

I bought a monster box of philharmonics!! Then I woke up, arggg... I hate being broke. I did pick up 20 dimes, a few war nickles and a peace dollar though. At least it's something to add.
"If you don't do it this year, you'll be one year older when you do" Warren Miller
User avatar
merchoarder
Penny Hoarding Member
 
Posts: 798
Joined: Sun Apr 17, 2011 12:16 am
Location: Western New York

Re: Silver back up over $30! Did you get your discount silv

Postby silverflake » Mon Sep 26, 2011 8:37 pm

Can't believe I bought AGQ last week. That's right, LAST week. For crying out loud...
User avatar
silverflake
Penny Hoarding Member
 
Posts: 957
Joined: Wed Nov 24, 2010 9:49 pm
Location: Virginia

Re: Silver back up over $30! Did you get your discount silv

Postby barrytrot » Mon Sep 26, 2011 9:03 pm

silverflake wrote:Can't believe I bought AGQ last week. That's right, LAST week. For crying out loud...


Oh gosh. Lord help you if you were also on margin! Of course, by definition AGQ = Margin in a sense.

I talk about using the power of options but when you are down 50% the options are help in the same way that a life preserve is helpful to someone at the bottom of the ocean.


My advice now: Double down! :)
User avatar
barrytrot
Too Busy Posting to Hoard Anything Else
 
Posts: 4609
Joined: Mon Dec 08, 2008 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby amalekidad » Mon Sep 26, 2011 9:44 pm

:D I bought when spot was 28. Now, I just wish I would have bought more :!:
User avatar
amalekidad
Penny Collector Member
 
Posts: 389
Joined: Sun Aug 23, 2009 10:00 am
Location: TX

Re: Silver back up over $30! Did you get your discount silv

Postby TwoAndAHalfCents » Tue Sep 27, 2011 12:11 am

I picked up four worn out silver dollars (3 Morgans, 1 Peace) for $91 today. That's near $30/Oz. Not great, but at least I got something on the dip.
User avatar
TwoAndAHalfCents
1000+ Penny Miser Member
 
Posts: 1633
Joined: Wed May 04, 2011 1:38 am
Location: Southern California

Re: Silver back up over $30! Did you get your discount silv

Postby needler420 » Tue Sep 27, 2011 4:26 am

No. Wasn't the first crash and won't be the last. If silver was $9 dollars 2 years ago then you have to be smoking something to think demand is meeting at @40 an ounce.

More chances will come. Its going to be years and years for that SHTF scenario where you won't see drops for long periods of time.

I wouldn't be surprised at all to see $15 silver and $1k gold.
User avatar
needler420
Penny Sorter Member
 
Posts: 53
Joined: Sun Aug 28, 2011 3:34 am
Location: FL

Re: Silver back up over $30! Did you get your discount silv

Postby rexmerdinus » Tue Sep 27, 2011 4:46 am

balz wrote:I decided to wait a bit. I believe the market will soon crash big time and like in 2008 we will see PM plummet a bit...


I'm with you. It doens't matter what Eurpoe does with Greece, it's still kicking the can further down the road--smae thing with the rest of the PIIGS countries. And this sudden "Fema has enough money after all" thing is just politics.

Not to mention I blew most of my discretionary wad on silver on its way back down through the 30's :D
My beer and homebrewing blog: http://alemongery.blogspot.com
My wine and winemaking blog: http://connoisseurscorner.blogspot.com
rexmerdinus
Penny Collector Member
 
Posts: 486
Joined: Tue Apr 20, 2010 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby barrytrot » Tue Sep 27, 2011 6:32 am

needler420 wrote:No. Wasn't the first crash and won't be the last. If silver was $9 dollars 2 years ago then you have to be smoking something to think demand is meeting at @40 an ounce.

More chances will come. Its going to be years and years for that SHTF scenario where you won't see drops for long periods of time.

I wouldn't be surprised at all to see $15 silver and $1k gold.


There is no chance of either of those prices. I normally don't predict anything, but I'm 100% confident that neither of those prices is remotely possible.
User avatar
barrytrot
Too Busy Posting to Hoard Anything Else
 
Posts: 4609
Joined: Mon Dec 08, 2008 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby henrysmedford » Tue Sep 27, 2011 7:16 am

On Saturday we filled Franklin's IKE book he was missing the S mints clad silver ones. So the were a a lower price than two weeks a go.
Joe
Franklin's Dad
User avatar
henrysmedford
Super Post Hoarder
 
Posts: 3813
Joined: Sun Oct 10, 2010 11:10 am
Location: Cascadia

Re: Silver back up over $30! Did you get your discount silv

Postby IdahoCopper » Tue Sep 27, 2011 8:24 am

I got two calls on my 23x face craigslist ad yesterday. Total 12 Morgans, 2 Peace, 3 quarters and 13 Mercs. The second guy called just as I was concluding with the first guy. It worked out to $29.75/oz.
- - - -
User avatar
IdahoCopper
Post Hoarder
 
Posts: 2351
Joined: Sat Jan 16, 2010 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby Copper Catcher » Tue Sep 27, 2011 8:33 am

I tried but could not find anything! No one on here wanted to take me up on my offer to sell me their silver either. DARN IT! :(
User avatar
Copper Catcher
Too Busy Posting to Hoard Anything Else
 
Posts: 5206
Joined: Sat Jan 26, 2008 3:00 pm

Re: Silver back up over $30! Did you get your discount silv

Postby Nickelmeister » Tue Sep 27, 2011 9:52 am

Got some :D
Standing offer: BUYING Canadian junk silver at 90% melt. PM me to lock in price and quantity.
User avatar
Nickelmeister
1000+ Penny Miser Member
 
Posts: 1103
Joined: Sat Jun 21, 2008 10:00 am
Location: Winnipeg, Manitoba, Canada

Re: Silver back up over $30! Did you get your discount silv

Postby rsk1963 » Tue Sep 27, 2011 10:08 am

25 fv for 20x :lol:

thanks to all those jags that decided to kill the price (hurt, but gave me a helluva good op to buy).

Silver says:

those that sacrifice liberty for security deserve neither

the bee...gathers it's materials from the flowers of the garden and of the field, but transforms and digests it by a power of it's own.
rsk1963
Post Hoarder
 
Posts: 2172
Joined: Tue May 03, 2011 12:45 pm

Re: Silver back up over $30! Did you get your discount silv

Postby Neckro » Tue Sep 27, 2011 10:23 am

150 american eagles. :(
User avatar
Neckro
Post Hoarder
 
Posts: 2789
Joined: Thu May 08, 2008 10:00 am

Next

Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 43 guests

cron