I thought $15. was the bottom??

[Lowdown3]

Silver
$14.40($0.25)


One of the regular economic crash prognosticators recently called "the bottom" of silver at $15.

Some of these folks should be glad it's not Old Testament times where "prophets" were to be stoned if their predictions didn't come to pass.

And the response would be the typical "large forces are intentionally keeping the price of silver low." Which is the classic precious metals dealer response when you ask why the hell your "investment" has gone down in value like crazy.

[Bill Foster]

Gee, we would run out of economic forecasters really fast (not that that is a bad thing). Maybe political commentators next?

[Bill Foster]

In case you thought some of the ups and downs of the metal markets looked fishy in the past few years, here is why.

https://www.zerohedge.com/news/2019-06-25/merrill-lynch-caught-criminally-manipulating-precious-metals-market-thousands-times

[rockriver]

ld, looks like you were correct. silver climbing slowly.
i only have a little. used some to buy some camping gear a while back.

i bought most of what i had for 20/coin. 18.06 per price on my screen for spot.
i thought i got a good deal at the time.
at this rate, i may be back in the money by mid 2020!!

i'm glad i bought it..
hmm. considering other purchases/sales as i type this.
i got into a financial jamb a year ago. sold a little jd tractor i had. got good money for it.
mistake.
i'd love to buy it back today at the same price i sold it for.
i didn't have enough coin to sell to meet the need.
that tractor would run the pto chipper, the generator, the 6' grooming mower, the small box blade. the tiller, the small disc, landscaping rake.
which is better to have? pile of coins or that jd?

my answer: both... they can do different things.
the silver coin could be used to buy a loaf of bread. i don't think i could sell a part off the tractor for that loaf. not readily.
and in my situation. i should not have sold it. with hind sight i should have sold something else... or even borrowed money. (trying to not do that ever again)
apologies for the rambling. trying to teach me how to make better decisions next time.

[rockriver]

foster's link

after typing my above post..

i clicked on the link foster posted. thanks bill

fellow discussing link to corona virus!

[prc-104]

Wouldn't surprise me if Silver bumped down to $11 down the line and then go to $30+.
Sure, they mine silver but it's actually like land, they only made so much.

[rockriver]

prc, thanks... i'm curious how you got 11... i may go look at some long term charts.

and
considering my actions... if it does get to low teens, time to go buy for me. but no big pile of excess cash now. so... time to think of what i could sell... bingo.. not long till spring and boating season.. the runabout in the barn still looks good, and cranked this year during maintenance, but if we went to the lake it was only once! yep... if anyone is looking for a 20' runabout, ski, tubing, pleasure, type boat send me a message... ! maybe you have a "boatload" of silver coins that you paid 5$ for and you are ready to trade!

[prc-104]

Oh, $11 was just a swag on my part but I can see it bumping seriously low but if so, it won't last very long at all.
The old push down the price of AG, but a lot and then run the $$ back up again.
Seen this happen by the manipulators too many times.

Seriously low bumps aren't unusual and I rarely ever worry about them.

[rockriver]

gold and silver are ticking up...
food has been bare on many shelves...

beans up
bullion up
bullets ? down the last time i checked but that was 4-5 months ago.

[Lowdown3]

bullets ? down the last time i checked but that was 4-5 months ago

Nope. "Salad days" of cheap guns, ammo and mags ended back in March when people woke up to COVID.

$269 a case Fiochi .223 is now $400. when you can find it.

[prc-104]

Been noticing the $$$'s going up but haven't needed to buy any, thankfully.
Have noticed the availability in addition to the $$$ is stretching for sure.

[rockriver]

silver.... 22.94
when did that happen... ?
what caused the sudden jump?

the good news is, i've already posted that most of mine was bought near 20.

the bad news is... why? ok folks your neighbors didn't buy when it was $15...
that was my story... i waited till it was 20. i'd put lol but it was not funny...

so, do you think your neighbors will jump in now at $23? time to go check some dealer pricing.

[rockriver]

silver coins

https://www.apmex.com/product/196104/2020-1-oz-silver-american-eagles-20-coin-mintdirect-tube

folks, i common way to get silver coins is eagles and the best way to get a deal imho is to buy a tube if you can stand the cash outgo.

lots of times you can check the cost of spot. then add a small percentage and get a good guess of what eagles will be...

hopefully the link above will work...
the cheapest price if you buy a boat load is 660 per tube of 20...
if my math is correct that is 33/coin...10$ premium over spot...

hmm... if you think this has gotten my attention you are right!
i havent' checked price of brass and lead and copper recently...
i wonder how they are doing...

[Patriotic Sheepdog]

silver.... 22.94
when did that happen... ?
what caused the sudden jump?

the good news is, i've already posted that most of mine was bought near 20.

the bad news is... why? ok folks your neighbors didn't buy when it was $15...
that was my story... i waited till it was 20. i'd put lol but it was not funny...

so, do you think your neighbors will jump in now at $23? time to go check some dealer pricing.

seems like it was only $17 a short time ago. A lot of people I read was saying that $18 was the breakthrough point and when it breaks that there will be a bit of a run. I wonder where the next glass ceiling is????

[rockriver]

sheesh, sheesh,
what is going on??? my wagon's been loaded recently and silver has jumped to 26? gold 2031!


any body care to explain... my main thought is both are sometimes indicators of folks being scared..