It means I will stop buying at over $50. For future coin releases I will buy. But I will also sell something to make up for it. I will not sell any of my stack until I find a worthwhile trade into property. Slam
I try to set a monthly budget for PM purchases, so I will just continue to buy whatever I can get while staying within that budget. I have scaled back on premium bullion purchases, instead of getting multiples, I just buy one to have for the collection. My 'stack' is made up of ASEs, Maples, and Libertads because I typically get those for a low premium over spot in my location compared to Perth Mint, RAM and other foreign mint products. Once spot is $50, I will probably stick to strictly rounds or bars for stacking and only pick up new issue coins that I collect (i.e. lunar series, kook, koala, canada wildlife series).
Why has everyone suddenly become a bear?! Theres thread after thread outlining concerns that silver had been in the MSM. That silver is no longer cheap. Even auspm has left the building! FFS people! What's going on?
I think the majority of SS are confident bulls, especially for the long term. Many are just limited in the fiat they can spend to grab the metal. "Cheap" vs Affordable? (If that makes any sense).
Agreed. The other thing is that such a spike over a short period of time causes people to pause and rethink if we're getting into overbought territory for the short-term.
but you must take into consideration that the silver market is relatively small, so it shouldn't take too much to nudge the price upwards.
Gold and silver price lists from 1999 and 2004 I edited from two saved webpages: http://www.hilaire9.com/prices/prices.htm
lol - i wouldnt worry too much about these lost souls... Some are just testing the waters to see if others will reinforce their beliefs of an ongoing bull run. others are just clueless as to the fundamentals of silver...
