Ok I thought I was being extra patient... watching it decline to 19.80.... then low 19's, then 18's..... now 17.60 What is happening to silver? Is it ever going to go back to $25.00+ ? If it is being manipulated, for how long can it be manipulated for?
I've been told 15? But who knows, right? Blood in the streets right now...maybe at 15, even Turk and Morgan will throw in the towel...then it will be time to buy. LOL.
So what's the best deal people have got on then? With the price in free fall there must be some good low premium deals about. Who's got what so far?
In a James Rickard interview he talks about his discussions with Central Bankers and various policy makers in the Fed Reserve etc, and according to him they say 'we don't know what's going on and we're trying everything we can think of to fix it' - words to that effect. As he points out 19 policy changes by the Fed over the last 4 years sort of indicates that. I think the world is currently trying to figure out if they should be fighting inflation or deflation. This is a new form of 'ation' that they haven't seen before. It's not 'stagflation', nor 'incentivation' nor 'free marketation', it's something that's been created out of the mix they've tried to use to paper over innate problems in this New Society model they've been working on - you know, happiness, abundance and never visiting the lows again. So people in silver and gold ETFs are wavering from day to day on whether it looks inflationary or deflationary, and the manipulators are just trying to keep their ponzi afloat. Hence the mad action on the charts. Mind you, the trading algorythyms are probably the real cause. Source: The problem with how the Programmers see it Source: The problem with how the Day Traders see it
It may not get to $25 USD for another 10 years - I'd bet it gets to $14 before $25....no one knows. But 10 years is a long time for most people who have an interest in buying commodities / assets and so we will likely see $25 before 10 years time....if past trends are trends that still play out in similar ways in the future. And even if silver stays at $14 for decades, look at the bright spot, you'll have the neatest door stops on your block!! .
At the coin show yesterday, besides trading some gold for silver...I bought half dollars ( Both Franklins and 64 Kennedys ) @ 12.5X...10 oz bars for 200...and 5 oz GSM buffalo rounds for 100. Unlike the last spot downturn right before a show ( They didn't want to sell silver bullion AT ALL, basically overpriced it or just put out numismatic stuff on display ) , this time they wanted to sell the bullion bigtime...and at good prices. Maybe they sensed spot was going to tank even more today ( It did ) , but it was a complete turn around from the last show.
What are these 19 policy changes??? It seems to me that the Fed has been incredibly consistent, with QEs and nothing much else.
With silver at -0-, will the PM Lunars be $10?[/quote] I don't know if it will be 10, but the impatience got the best of me, and I just purchased my 10 kilo goats. I listened to my wife. LOL. I'd have to think the dealers will start to increase the premiums on the Perth stuff, and other premium coins, IMHO. The blobs, not so much. But I'd have to imagine if silver goes to 15, the kooks, goats, horses, etc...the premiums won't shrink? But heck, who am I, just a po dunk boy from the u.s.
10 kilos?! Wow. Wouldn't it have been better to average the purchases down? I mean in case there in further down side ahead?
LOL. those get moved to storeage, and I do have more dry powder for the supposed 14-15 range, but in case we don't get down that low, I have a safety net with those 10. hard to pass up at these prices.
