BTFD!!!

[Hitman83]

I have been reading through the forums at Kitco and browsing the available stock at both Kitco and Apmex. I think I'm going go with 5oz silver bars. What is the difference in the various bars? I see "Year of the Dragon", "Sunshine Minting", "APMEX", etc. It appears that several are the same spot price, but occasionally vary by the premium. Am I just choosing preference at this point, you think, or is there some noticeable difference I'm overlooking (all are rated at .999 fine)?

I'm checking out a local coin show this weekend to see if they have anything like this available. If not, I'm a coin collector, so it won't be a total loss.

[GrahamUK]

I really hope some of you with cash boguht yesterdays huge dip. If today is any indication, it is that there are many strong hands here at play.

If gold stays above 1720$, futures and leveraged contracts are likely to take off on the wildly bullish side of things.

When a market plunges like it did yesterday, rebounds up sharply and then holds those new gains - it's a bullish indicator. Long term investors usually add to their positions, but what sends it into overdrive are the leveraged speculators who enter to make some dough.

It wasn't just silver and gold that tanked, other commodities and major currency pairs dropped too.

[ronpaulfollower999]

I have been reading through the forums at Kitco and browsing the available stock at both Kitco and Apmex. I think I'm going go with 5oz silver bars. What is the difference in the various bars? I see "Year of the Dragon", "Sunshine Minting", "APMEX", etc. It appears that several are the same spot price, but occasionally vary by the premium. Am I just choosing preference at this point, you think, or is there some noticeable difference I'm overlooking (all are rated at .999 fine)?

I'm checking out a local coin show this weekend to see if they have anything like this available. If not, I'm a coin collector, so it won't be a total loss.

Year of the Dragon is the current Chinese year or something like that. The premium on something like that is pretty high so I normally avoid, but I'm not so much into the coin collecting but wealth preservation. I like to stack American Silver Eagles and the pre-1964 dimes, quarters, etc. Can't go too wrong with the bars either….I have a few of those.

Another site that I've been using lately and like a lot is Gainesville Coins. http://www.gainesvillecoins.com/

[Paul Or Nothing II]

It wasn't just silver and gold that tanked, other commodities and major currency pairs dropped too.

Because dollar was going up & since all the major commodities are denominated in dollars, when the dollar strengthens, commodities take a hit & vice versa; you'll usually see that to be the case unless there are other extraneous supply & demand factors in the mix as well

Year of the Dragon is the current Chinese year or something like that. The premium on something like that is pretty high so I normally avoid, but I'm not so much into the coin collecting but wealth preservation. I like to stack American Silver Eagles and the pre-1964 dimes, quarters, etc. Can't go too wrong with the bars either….I have a few of those.

Another site that I've been using lately and like a lot is Gainesville Coins. http://www.gainesvillecoins.com/

I agree, if someone is looking at gold & silver as "investment" then they need to study it more carefully because they can be volatile in the short-term due to volatility of the toilet-paper-money that they're denominated in so it's true, they're more for "wealth preservation" over a period of time as they'd retain their purchasing-power better than most things, especially longer time-scales like 10, 20, 30, 40 years from now because of their scarcity & other monetary characteristics

[Trigonx]

You guys can thank me. I bought the day before the dip, thus ensuring a dip. And I bought some 2 days before the dip.

[Tinnuhana]

My dealer's in the states and gets back on the 8th. I hope he got some good deals on the remaining Morgans I need. But he was gone for the dip, so I didn't get to buy anything. Oh, well.

[Seraphim]

If it's any consolation, those who purchase physical silver under 100$ will ultimately come out as winners. Under 50$ = champion. under 20$= Uber champion.

You guys can thank me. I bought the day before the dip, thus ensuring a dip. And I bought some 2 days before the dip.

[cubical]

If it's any consolation, those who purchase physical silver under 100$ will ultimately come out as winners. Under 50$ = champion. under 20$= Uber champion.

I agree. People who bought gold at $500 or $600 or $700 are no longer feeling like they missed the big gains by not buying at $300.

[Trigonx]

BTFD For those who didn't buy yet, today looks like a decent dip.

[Trigonx]

If it's any consolation, those who purchase physical silver under 100$ will ultimately come out as winners. Under 50$ = champion. under 20$= Uber champion.

I agree 100%. I've been stacking away, using dollar averaging instead of trying to time it. As i have mentioned earlier i'm not good at timing the market.