something I don't understand when buying silver....

[Steven Douglas]

I think I found out why Silver is dropping:

http://www.thestreet.com/story/11511...ors-hands.html

Basically, recently the World Silver Survey 2012 was released and it said silver supply was outpacing fabrication demand (industrial demand). Obviously a bad thing for silver...and it's really rattled the silver markets.

But a good thing - music even, sweet sweet music - to my buy-only ears. Pity only those who were looking at silver as an actual investment, just one more speculation vehicle for a short or near-term payout.

World Silver Survey, COMEX, JPM et al, I kiss you, I hug you, I love you for buying me yet more time. Thank you!

[Carson]

I think I found out why Silver is dropping:

http://www.thestreet.com/story/11511...ors-hands.html

Basically, recently the World Silver Survey 2012 was released and it said silver supply was outpacing fabrication demand (industrial demand). Obviously a bad thing for silver...and it's really rattled the silver markets.

I was kind of thinking that people have been listening to the concept that inflation is sucking the life out of the economy and are allowing some deflation to get it moving again.

I started seeing all of the commodities start on a downward trend about a week back. At least that is what it looked like to me. It could be wishful thinking.

Anyway if they did listen, and it does turn things around, this trend could continue up until the election.

If you have never owned any silver I wouldn't let this down turn stop me from buying. Some would look at it as an opportunity to buy a little at a time all of the way down. It may not be as fun as playing the market as it takes off back up but you will still be in the game.

You really can't make any money at it anymore. For one thing most dealers that are commercial have to charge a premium when you buy. Then they charge you another when you sell. Then even though you may get twice as many dollars as what you paid, they will be worth half as much through inflation. Now that you a have doubled your number of dollars, the government, that has been fueling the inflation, thinks you own them capital gains taxes. Taxes on false profits.

Still it can be a way to sock some money away that sort of keeps up with inflation. Silver is a commodity. It and the other commodities have been running pretty stable with each other for a long time. Even when they took the dollar off of the gold standard the commodities have held their value with each other.

Back in the sixties gas was about 17 to 20 cents a gallon. It still is if you use those same silver coins we used back then.



I just paid about 4.25 a gallon my last tank. If you look on this Silver and Gold are money it comes out 22 cents. Last week when I bought it, it was at 20 cents.

http://www.silverandgoldaremoney.com/

Anyway it couldn't hurt to have a little socked away just for the educational value. TomtheTinker mentioned old silver coins. I think I would stick to coins I could still read the date.

P.S. I thought maybe I should add a disclaimer. I'm not saying people like you watching the markets can't get a break and beat the system. What I meant was that if you just have some setting around year after year it will remain what it is; silver.
The dollar will remain what it is. A tool of fraud and will be something that is changing in value.

[Seraphim]

This far from a complete explanation.

Have you not noticed that virtually every stock market is down A LOT in the last 10 days or so?

This is a FEAR trade environment and MANY asset classes are being liquidated. If this turns into a 2008 crash style event, expect silver to drop to about 20$ (16-22?)....but good luck getting physical silver at those prices.

The big boys are buying physical silver EN MASSE on these price drops.

I think I found out why Silver is dropping:

http://www.thestreet.com/story/11511...ors-hands.html

Basically, recently the World Silver Survey 2012 was released and it said silver supply was outpacing fabrication demand (industrial demand). Obviously a bad thing for silver...and it's really rattled the silver markets.

[psi2941]

U should only pay a extra premium for GOVERNMENT minted coins. if its a private company when u go to sell it, it will be very hard to sell over spot.

[Arklatex]

I believe in taking the higher premium for the rare bullion (canadian wildlifes) because a 3% mark up at $28 is very acceptable when you get that markup back when selling at higher prices. SPeaking from experience. I paid just a little extra for the wolfs and it came back 5x when I'm still currently selling them at $60 on ebay as we speak.

[Okie RP fan]

Hope nobody minds the "bump."

Basically, the coins, to the average person, will be more recognizable and taken immediately. As compared to bars, people will be skeptical at first. That is just one very basic reason as one of the main differences.

Personally, if I were capable, I'd invest in multiple forms and as much as I could purchase.

Is apmex pretty trustworthy?

[oyarde]

I believe in taking the higher premium for the rare bullion (canadian wildlifes) because a 3% mark up at $28 is very acceptable when you get that markup back when selling at higher prices. SPeaking from experience. I paid just a little extra for the wolfs and it came back 5x when I'm still currently selling them at $60 on ebay as we speak.

I think that 25 cent gold cougar is beatiful , but pricey , think I may buy just one for myself . last I checked $80 from the mint , but I am unsure on shipping price ?

[oyarde]

I was kind of thinking that people have been listening to the concept that inflation is sucking the life out of the economy and are allowing some deflation to get it moving again.

I started seeing all of the commodities start on a downward trend about a week back. At least that is what it looked like to me. It could be wishful thinking.

Anyway if they did listen, and it does turn things around, this trend could continue up until the election.

If you have never owned any silver I wouldn't let this down turn stop me from buying. Some would look at it as an opportunity to buy a little at a time all of the way down. It may not be as fun as playing the market as it takes off back up but you will still be in the game.

You really can't make any money at it anymore. For one thing most dealers that are commercial have to charge a premium when you buy. Then they charge you another when you sell. Then even though you may get twice as many dollars as what you paid, they will be worth half as much through inflation. Now that you a have doubled your number of dollars, the government, that has been fueling the inflation, thinks you own them capital gains taxes. Taxes on false profits.

Still it can be a way to sock some money away that sort of keeps up with inflation. Silver is a commodity. It and the other commodities have been running pretty stable with each other for a long time. Even when they took the dollar off of the gold standard the commodities have held their value with each other.

Back in the sixties gas was about 17 to 20 cents a gallon. It still is if you use those same silver coins we used back then.



I just paid about 4.25 a gallon my last tank. If you look on this Silver and Gold are money it comes out 22 cents. Last week when I bought it, it was at 20 cents.

http://www.silverandgoldaremoney.com/

Anyway it couldn't hurt to have a little socked away just for the educational value. TomtheTinker mentioned old silver coins. I think I would stick to coins I could still read the date.

P.S. I thought maybe I should add a disclaimer. I'm not saying people like you watching the markets can't get a break and beat the system. What I meant was that if you just have some setting around year after year it will remain what it is; silver.
The dollar will remain what it is. A tool of fraud and will be something that is changing in value.

I love that sign , makes me smile .

[Okie RP fan]

Can someone suggest some trustworthy silver suppliers?

You can PM me if you don't want to disclose to anyone/everyone.

[oyarde]

Can someone suggest some trustworthy silver suppliers?

You can PM me if you don't want to disclose to anyone/everyone.

Hardy's Coin Shop , ask for Oakel Hardy , owner , 812 - 376 -3219 , open Wed. & Sat , I have bought thngs there , over the past 14 years or so , honest guy . Best place I have ever done business with .