Thoughts on Silver At This Point?

Discussion in 'Silver' started by Ernster, Mar 1, 2013.

  1. Pirocco

    Pirocco Well-Known Member

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    That 'too high' is probably just a temporary phenomenon, once the before-the-price-drop existing stocks in the supply chain are sold, they will be able to buy at the new lower price, and drop the premiums.
    At least that is what I saw happening so far.
    I still wasn't able to buy a single junk coin at a cheaper price than I've seen since I started to visit the silver market back early 2011. It still requires the same 17-18 minimum as before. While the bullion value is now 13. Bids of 15-16 are plain ignored, and even removed by some, alike they were ridiculous/funbids.
    So it looks like that my next euro>silver swap will be from a dealer.
    But I'm gonna exercise patience. Without general inflation, there is no hurry. Hoping for $20 after a next cycle. And if it doesnt happen, ohwell, I buy something else.
     

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