The end of cheap silver?

A

atsaki

New Member
Many have expressed their concern with the rising silver price and the end of cheap silver. What silver price do you all consider to be no longer 'cheap'?
 
atsaki said:
What silver price do you all consider to be no longer 'cheap'?
Click to expand...

$60 USD/oz for me... at that price range I would most probably end up wasting my money (on current expenditures such as entertainment) rather than transferring it to Silver :P
 
I stopped buying bulk junk silver at $26.

Picked up a few straglers at $35 but a small bag of tatty, worn, dirty looking coins doersn't exactly fill me with enthusiasm.

I have bought a few Numismatic Coins (kookaburras) for $45.

Once i get used to silver at $50 I will probably start again but silver at $20 is still fresh in my mind and I am not a true believer!
 
Over $50 and I'm out.

I wish I can pick up dragons cheap when they are released.

Slam
 
At $35-ish i changed my buying patterns. Sticking strictly to basic 999 bullion. No more fancy pre-decimal or numismatics (not that i had a lot anyway).
 
I too am backing it off a bit, will buy at or below spot but only bars, I am now turning my focus to gold which is relatively cheap with th A$ so high, I will accumulate gold until the point when and if the $A goes below parity
 
Naphthalene Man said:
At $35-ish i changed my buying patterns. Sticking strictly to basic 999 bullion. No more fancy pre-decimal or numismatics (not that i had a lot anyway).
Click to expand...

I am in silver since 2008. That was really late but not much too late. Today a lot of people recognice silver and itll go on.
You can see it on the active numbers here also.

What i have noticed too, if you want to sell junksilver or 92.5% silver you have to accept prices under spot to get i away quickly.
One year ago i got a minimun of 5-7% premium on it. So Napthalene Man is right in his strategie with 999 bullion.

On the other hand on higher and higer getting silverprice there should be some numismatics items found for bargian.

For example, weimar republic coins ( 1866-1908 ) in germany you never were able to by on silverprice, now its possible.
If silver comes back its good for them, if silver gets higer its also good for them. Maybe Win Win ?
 
I'm hoping to have reached my core position before the price hits the $55-60 mark. Frequency of purchases will likely slow down after that.
 
40bucks is still a cheap meal for two,
its my weekly on gas for my little jap car, but from here on, well, the going gets tougher..... :(
 
renovator said:
$100
Click to expand...
Yes with gold at $1500 and silver historically best GSR at 15to1. I think that $100 would be tops for silver. Maybe it will shortly be time to buy gold but I don't think most of SS members will be unable to stack a pile of gold.

It's getting a lot harder to find silver at spot or below. Even $50 will slow up the amount of ozs bought.

Regards Errol43
 
Ouch said:
$1500
Click to expand...

I'd agree with Ouch. It's hard to estimate right now, because other factors will change dramatically as the POS changes, but when silver hits $1K-2K the market will probably become more disorderly, with greater corrections and more volatility and so on. At that level I might consider moving into something less volatile, since buying and selling will become much harder than today's no-brainer situation.
 
Turk said:
Ouch said:
$1500
Click to expand...

I'd agree with Ouch. It's hard to estimate right now, because other factors will change dramatically as the POS changes, but when silver hits $1K-2K the market will probably become more disorderly, with greater corrections and more volatility and so on. At that level I might consider moving into something less volatile, since buying and selling will become much harder than today's no-brainer situation.
Click to expand...

Look at it this way - when silver reaches that kind of level - and it will - the days of selling a block or two just to have enough cash to take your date out to dinner will be long gone.

at that point you'll be trading silver bars for somebody's waterfront property...
 
You must log in or register to reply here.
Back
Top