First off the bat I'm by far not an expert and I'm assuming that the people reading this are competent adults capable of independent thought. So that being said here's my two cents Spot Prices are down, so what? For those of us that are stacking and taking delivery of physical Precious Metals a lower spot price means that premiums on delivery will increase. Prices for physical are sticky on the way down. Ewww - maybe they're sticky because people took the phrase "silver porn" a little to seriously I look over my gold and it's still there. So if you are nervous then just handle your PM's and be assured that you still own them. If spot plummets and you aren't happy to sell at those prices then don't! That's the beauty of physical. It's yours and it can only be bought off you at a price you are happy to sell at.
Actually we dont know what silver is worth? we are dictated by the spot price. Same with gold and all other precious metals.
If you are concerned about the drop in silver prices and are worried about the possible loss of your fiat profits due to this drop, then I'm sorry but you are a speculator and you should not be in this market. The fact of the matter is that if you are comparing your investment dollars now to when silver was at it's most recent high (and you are worried about the loss of value) then I'm sorry, but you are not a serious investor and you need to review why you decided to buy silver and/or gold in the first place. If you can't take a hit of the likes of today, then it's best you sell up your stack and invest in something a little less volatile and more conservative... like cash! Sorry to be so blunt, but reality bites!
People building a position need to watch the market now very closely. Your chance is approaching. Downturns like this are precious, and may become increasingly rare as crisis after crisis besets the world. It's difficult to pick a bottom on a downturn. Good luck!
In times like these I need to be buying ,I'm only spewing I'm not working & can't afford to buy anything
so where does one buy at this dip on Wed, 4th may 2011. Took a look around out of interest - Ainslie is closed, Aurora is out of stock, BB and BM aren't reflecting anything close to actual spot, Spotmex's cupboard is bare, Davis is out.. I'm out of fiat myself but i'm just curious if anyone has found any "discount" physical..?
Took the words out of my mouth. And probably hundreds of others here It's a funny thing, this precious metals business. Spot price versus reality.
I agree Blockhead just look on Silverstackers right now and see how much low premium silver is for sale (virtually none). When spot is rising a rash of silver comes up for sale on the forum. But try and get your hands on a bargain when spot is plummeting. Good luck. I want to buy something now but can't.
Newly listed! Perth Mint 1kg bar, $1900 plus $40 shipping. "Bank deposit preferred and much appreciated"
I'm assuming that this dip is just a "bear trap". Today, on Ainslie's website, they've posted great article titled 'Buy Silver Today - At A Discount' by Jeff Nielson, written 25 April 2011. But if you can't get silver, maybe it's time to buy up the gold...that's what I'm doing today. Another purchase for the super fund.
lol - yeh, i've been saying the same thing the past couple of days but have been mocked for saying so
