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Buying silver today?

Discussion in 'The Breakroom' started by jcc, Apr 15, 2013.

  1. jcc

    jcc Banned

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    Who else is buying silver today? Record lows @ USD$22.80.

    [​IMG]

    10oz Engelhard Bar
    1oz Canadian Maple
    $5 <1964 dimes
     
    Moco, bud760 and Myth90045 like this.
  2. mooshi
    • In Omnia Paratus

    mooshi Loaded Pockets

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    Will be buying a few ounces since prices have dropped so dramatically. :)
     
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  3. kertap75

    kertap75 EDC Junkie!!!!!

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    Hhmmmm... I didn't know it was that low right now. I'll have to check my funds
     
  4. jcc

    jcc Banned

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    It will probably fall to $20 within the next day or two, and if it drops below that, it's anybody's guess what will happen next!
     
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  5. Myth90045

    Myth90045 Loaded Pockets

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    nice pick up...no money means no silver!!! :(
     
  6. Echo2

    Echo2 Loaded Pockets

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    yup....:)
     
  7. Myth90045

    Myth90045 Loaded Pockets

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    just checked gold prices..how did it become $1367 an oz?? crazy!!
     
  8. willydigger

    willydigger Loaded Pockets

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    Where do you get it? In the bar form?
     
  9. lekvar

    lekvar Loaded Pockets

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    I've been seriously tempted, but I don't know enough about the market to take full advantage of the current low prices.

    Edit to add: Any input or perspective from my fellow forum-goers would be appreciated.
     
  10. jcc

    jcc Banned

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    There's a shop that I purchase from locally. Companies have been producing bullion bars and rounds (coins) of all shapes and sizes for decades. Look for a local bullion or coin shop in your area, I'm sure they'll have some available.
     
  11. Makahbay

    Makahbay Banned

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    Last time I bought silver it was at around 13.50. When it hits there again I'll buy more ;)
     
  12. jcc

    jcc Banned

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    I hope I have to eat my own words, but I don't think silver will ever hit $13.50 again.
     
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  13. ran23
    • In Omnia Paratus

    ran23 Loaded Pockets

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    No eagles anywhere around my city for sale. Under $20, hoping.
     
  14. Kilted1

    Kilted1 Loaded Pockets

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    Last I bought it was $40+. Needed it for a project so didn't have the choice of waiting for the market. Maybe I should pick some up!
     
  15. kapolani

    kapolani Loaded Pockets

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    Wait until May ~ June.

    It will drop much further I think.

    At least wait a few days and let the dust settle. It won't shoot up to $30 in a day.

    Gold looks really attractive. Could add a nice bit to my stash.

    But, I'm going to wait a bit so I can make a big buy.

    Wish I would have held off a few weeks ago before I picked some up. Them's the breaks.
     
  16. mooshi
    • In Omnia Paratus

    mooshi Loaded Pockets

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    So glad I didn't pick up some a few weeks ago. :)

    Will be grabbing a few rounds for sure. :D
     
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  17. Makahbay

    Makahbay Banned

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    Ok, Today's terrorist attack might change the economy and future prices of PMs. Depends on how the stock market reacts, and the lunatic fringe and idiot politicians.
     
    SAKplumber likes this.
  18. vegassprky
    • GITD Manix 2XL Owner
    • In Omnia Paratus

    vegassprky Loaded Circuits

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    Still want to buy some fast moving lead.
     
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  19. armedtetrapod

    armedtetrapod Loaded Pockets

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    What I can afford, 2.5 ounces to be exact.
     
  20. Wojo

    Wojo Loaded Pockets

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    The run on PMs may not be over, most of the selling in the market right now is not panic selling, its forced selling on margin calls carried on large positions. Also, CME just increased margin requirements on Gold, Platinum and Palladium by 19%, so we could see some more liquidation tomorrow. I don't believe the margin requirements for Silver were increased, but I expect to see it trade along side gold if it continues the slump tomorrow. This is not investment advice, just my .02 on where the PM market is heading in the short term. I am often wrong.