Buying silver

[Bronn]

i dunno, its not a bad place to start.   but you don't want it to be your nest egg.

 

wish i had started collecting silver quarters and dollars when i was 20 for example.   doesn't take as much money to break in to.

 

I know I kinda argued against metals earlier, but...

I once went through our change jug meticulously searching each date on a nickel, dime, or quarter looking for those with silver content to pull out. I wasn't really going to stash them, but I would have sold them more than likely.

Anyway, I found none, and when we took the change to the coin machine to cash it in it was over $400... lol

[Porn Shop Clerk]

yeah they're getting hard to find

[PanthaSan]

The rifles at my house are as dangerous as mops.

 

No bolts and no ammo.

 

*puts Panthro's house on "after collapse shopping list" *

 

[Happy Panther]

Silver has been dropping. Under $17 today - was as high as $22.

 

Some see it going towards $13

[Happy Panther]

[TimTom]

Silver has been dropping. Under $17 today - was as high as $22.

 

Some see it going towards $13

 

Those open contracts tho ... we'll see.  

 

I can't see it going to $13, that'd be almost 50% below replacement cost/oz.  I'll take a stab and say $15 as the local minimum nowish (~6month window).  Too much of a psychological factor below that IMO.  

 

I will admit though that silver has always been a tricky beast since it's both a "hedge" to a weakening dollar but also used extensively in hi-tech, auto, health, etc industries.  

 

All I can say to those thinking about silver or any PM for that matter is this: Don't try to catch the falling knife!

[Paa Langfart]

A guy on another site I belong to swears by these folks.

 

http://www.jmbullion.com/

 

He also says

 

 

 

I also insist on LBMA approved silver bars, since their bars will be accepted everywhere without assay fees.

 

 

Up to the minute silver price

 

http://silverprice.org/

[pstall]

The reason I asked the ops motives for buying works directly with what happy posted.

When someone shows interest in investing in something in particular a flag goes up that tells me to go contrarian. The price supports my hunch.