Who here still refuses to pay the ridiculous prices of silver now?

Discussion in 'Silver' started by adrenalin, Dec 14, 2010.

  1. adrenalin

    adrenalin New Member

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    It was only a short while ago that bullion coins were in their mid $20 range.
    Now after a huge jump to the mid and high $30s!
    Who here refuses to pay these prices?

    I see the prices on the Perth Mint site and dealers around and can't believe what the price it is right now.
    Just the other day I was in a coin shop and they wanted $49 for a 1oz bullion coin that use to be in the high $20s not long ago.

    What about our Scottsdale Silver Stacker Bar group order that got cancelled.
    We were waiting for a dip below $20 USD spot price. We missed it by a few days.
    Now look at it. Even at $20, or even $25 it would of been a great buy! haha

    Anyways I'm holding out and hoping for a dip after Christmas.
    Secretly hoping everyone is buying bullion for Christmas presents therefore pushing the prices up.
     
  2. Forge

    Forge Member

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    Think of it as an exercise in adapting to high rates of inflation. It just keeps getting more expensive.
     
  3. goldpelican

    goldpelican Administrator Staff Member

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    +1

    If I was looking to hold for <1 year, I'd feel differently though I think. Silver certainly has momentum behind it!
     
  4. Free market

    Free market New Member

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    Yes 1 oz coins are expensive. But if you buy 10 or more they are cheaper.
    Some bargains can be found though. I found a proof coin under spot but someone beat me to it.

    I think in ounces and then try to buy the cheapest available.
     
  5. Guest

    Guest Guest

    As long as dealers are still content to buy my paper with silver and gold, I am content to trade.

    I started trading at $16US, I'm still trading at $30.

    I will continue to trade at $100.

    I'm a cost average stacker on the short stack. I'm not trying to second guess the market or buy the dips that may or may not happen.

    I'd rather 5 oz less before the market breaks out than an extra $200 in fiat assuming I could wait out the next minor dip.

    Each to their own obviously, but for this little black duck... $30 an ounce absolutely still represents a bargain price for what will easily be the most sought after industrial commodity this decade.

    In fact, in a couple years from now I've no doubt we will all reminisce about $30 silver being the 'good old days'.

    I'm buying next week as soon as I get paid cause Aus is dreamin'.... of a silver.... Xmas!

    [​IMG]
     
  6. Bulawan pilak

    Bulawan pilak New Member

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    I am looking at the AUD vs USD and Dow Jones vs Gold......when Gold is 1:2 or 1:1 (heres hoping) I would sell all my Gold......Silver I will buy as long as the AUD is high > 0.90cents, once it starts falling..??? It is hard to say....at the end of the day Silver is moving forward and still cheaper than Gold, so I will keep buying while the 'Price is Right'
     
  7. boneyard

    boneyard Well-Known Member Silver Stacker

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    Went into AEJ the other day.

    It has been a good few months since I last walked thru THAT door.

    Walked out 5 minutes later with 10 x 1oz Silver bars for a total of $306.40.

    It was nice to buy some PM's without paying postage!!!!!

    The only other Silver they had was a 20oz bar.

    They were also selling 66 50c for $10.75

    That should keep me going till 2011
     
  8. leo25

    leo25 Well-Known Member Silver Stacker

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    boneyard, what kind of bars are they?

    last time i went in they said they only had 1kg bars.
     
  9. boneyard

    boneyard Well-Known Member Silver Stacker

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  10. Free market

    Free market New Member

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    That's a Morgan bar.
     
  11. goldpelican

    goldpelican Administrator Staff Member

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    They're "Morgan" bars. New generic silver. Nice buy!
     
  12. Peekay

    Peekay Member

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    I've been very close to pulling the trigger on buying 10 of these for $330-335ish (now $338) + post from Bullion Bourse over the past couple of days. You were indeed very lucky.
     
  13. boneyard

    boneyard Well-Known Member Silver Stacker

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    I thought that it would have been REALLY nice if they rounded down the final price to $306.....:)

    But it did go well.

    No one else in shop.

    Wham bam thank you maam.
     
  14. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Price 'meh'...just keep stackin' :)
     
  15. Guest

    Guest Guest

  16. boneyard

    boneyard Well-Known Member Silver Stacker

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    I have a 30 yr old niece staying with us for a few days.

    Law degree & husband is an accuary.

    Showed the Bullion to her.

    1st she the hatched side and thought something to do with nail files!!!!

    She then had a good look at the other side. "Oh Silver"

    Asked her what she thought the price was for one.

    She said $2!!!!!!!!!!!!
     
  17. purgatori

    purgatori New Member

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    im just about at the end of buying silver till next year and ive been shifting silver to gold i bought my first 1oz gold coin today i was a bit nervice i must admit ive only ever bought small gold 1/10 and 1/20 im getting to like gold always thought it was out of my reach
     
  18. boneyard

    boneyard Well-Known Member Silver Stacker

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    Item number: 130463610148

    seller with 3 feedback points.

    235 x Round 50 Cent Coins (1966) 80% Silver

    sold for $2300.00
     
  19. rbaggio

    rbaggio Active Member Silver Stacker

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    +2. I will buy more silver if there is a serious correction (either in silver spot or in the GSR), but generally, I am sitting on silver and just accumulating any gold bargains.
     
  20. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Yeah... I saw that too!
    Not one lot has gone for under $11 per coin delivered...some are "on sale" for $17
    Crazy stuff!
     

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