Precious metals market

[Lowdown3]

Silver and gold have both dropped a fair amount in the last couple weeks.

Will this trend continue? If so how far?

Are you buying?

[crossbow]

I'm hoping that silver will go down below 19. spot, then I'll buy more. some people say that it will not get any lower, but the same people said that it wouldn't go below 40. again when it hit 49. now it is 26.81

[ComputerGuy]

I am buying with a vengeance!!

[1Admin]

I think it's rare to get this sort of thing at the dead bottom. At this point, it's safe for even the PollyAnnas to assume that ALL markets are manipulated to some degree, yes even the "p-r-e-c-i-o-u-s" metals market :)

It was a year and half ago roughly that I last bought, and that was at $28.

Anything I can buy now for around or less than what I paid for it a couple years ago, is a semi good bargain in my book.

I'm not saying this is the best time to buy- who the heck can know that? For me personally, I'll be buying in small amounts and will try to dollar cost average if the price continues to go down. For us, this is simply part of long term savings, I don't expect to "barter" with it if something happens. It's above and beyond our normal cycle of preps and rotation and replacement of preps.

We are looking at it as a long term savings vehicle.

[ComputerGuy]

I think it's rare to get this sort of thing at the dead bottom. At this point, it's safe for even the PollyAnnas to assume that ALL markets are manipulated to some degree, yes even the "p-r-e-c-i-o-u-s" metals market :)

It was a year and half ago roughly that I last bought, and that was at $28.

Anything I can buy now for around or less than what I paid for it a couple years ago, is a semi good bargain in my book.

I'm not saying this is the best time to buy- who the heck can know that? For me personally, I'll be buying in small amounts and will try to dollar cost average if the price continues to go down. For us, this is simply part of long term savings, I don't expect to "barter" with it if something happens. It's above and beyond our normal cycle of preps and rotation and replacement of preps.

We are looking at it as a long term savings vehicle.

1Admin, I have to agree with you in regards to knowing when the bottom will drop. Right now, I am investing in bullion for long term, and junk for just in case. With the price around $28 and ounce, that is still I reason a good buy.

I just take the turtle approach to my PM purchases like I do with any other preparedness purchase. Slow and methodical. After time, stocks build up. When ever I have some expendable cash, it is invested in our future.