OT: Silver Prices Plummet and my Stimulus arrives tomorrow

[Razmear]

Yeah!
I'll be hitting apmex.com right after the direct deposit hits.

eb

[robert4rp08]

Bah, by plummet, I thought you meant $10/ ounce. hehe.

[derdy]

I'm buying silver tomorrow as well, but my "stimulus" check is going straight to pay down student loan debt:D

[gb13]

Best place to buy silver?

Can I physically own it for the same price as if I just invested?

I don't know much about investing, as I'm sure you can tell.

[Bison]

Generic silver rounds can be had for a good price. I myself would be unsure about investing in some kind of silver shares, as I would prefer to have silver in hand.

[Thomas_Paine]

great time to buy

[gerryb]

great time to buy

It's always a great time to buy, but if you don't already own any I wouldn't back the truck up ALL the way. Silver is just touching its 200 day moving average which is currently at $15.29, which is a low risk entry point. However, based on the last 2 waves in silver, after a large runup as we just had from $12-$21, silver crashes back through its 200dma and consolidates for 18-24 months.

Basically the next year should be a good time to accumulate silver between $13 and $20, before the next leg up past 30.

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

First wave around jan04, second wave around jan06, third wave around jan 08

[Primbs]

All the major mining companies are opening up new silver mines in Mexico and South America. There should be more supply coming.

[voytechs]

Time to beef up the price with stimulus.