silver train leaving the station?

[chedir007]

Re: Peak cheap oil....

Despite all the technical red flags, hand wringing...silver breaking out today (?)


Oil also passing 105$......everything I am reading points to that inflation scares will now push investors further to metals....up to a point......before oil goes too high and causes a shock to economy......causing deflation......oops....I MEAN DISINFLATION (sorry Fred)


However, sounds like getting the exit strategy for silver will be a challenge.......this chart shows how silver went up 50% in 2 weeks, and then collapsed 50% in 2 DAYs in 1980s....


http://blog.kimblechartingsolutions....days-possible/

[Adeptus]

Silver Train...




CHOO! CHOO!!!

[Kadriana]

Re: Silver Train...

CHOO! CHOO!!!

I can't believe it's moves. To answer your earlier question, 2 family members and 2 friends have gotten some silver but not a significant amount. Only one is still occasionally picking it up. The other 3 just bought a small amount and have just been sitting on it. I don't know what we're going to do for Christmas this year. The last 5 years we were getting 1 oz. coins for everyone. I guess we better buy this year's coin soon but I have 8 nieces and nephews now. :/ It's getting expensive.

[charliebrown]

Re: Silver Train...

one Saturday a month, I hit the antique stores, flea markets etc. looking for silver coins mostly morgan and peace dollars.
One of my favorite dealers who usually has scores of coins had 2 (two) bullion coins that was all. Another dealer had morgans at $29, (At that point I think a morgan had a melt value of around 26 - 27) he would not sell them to me even though they were marked $29. I was able to trade some one oz. sterling bars for some, but he would not take cash. I was able to find one bahamanian commerative coin at an antique store way under spot. I think I paid $22 for a coin with a melt value of 27. One coin does not a fortune make.

I have yet to make my April run. This time I'm going to call first, March was a bust, and gas is $3.95

Can I do an end run around "cash for gold". They pay out terribly. Post to craig's list and promise to beat cash for gold
by 30%?

Another question ... I generally want to keep 5% of my money in silver. I am now over allocated. I'm now 6% and climbing (Mostly in PSLV) Should I reallocate? Into what? XLE, GTU? USD? given the historical ratio beween gold and silver, silver could see $70 an ounce. That may require it to be re-monitized.

[DSpencer]

Re: Silver Train...

I can't believe it's moves. To answer your earlier question, 2 family members and 2 friends have gotten some silver but not a significant amount. Only one is still occasionally picking it up. The other 3 just bought a small amount and have just been sitting on it. I don't know what we're going to do for Christmas this year. The last 5 years we were getting 1 oz. coins for everyone. I guess we better buy this year's coin soon but I have 8 nieces and nephews now. :/ It's getting expensive.

What would you (or anyone else) consider to be a significant amount? I know that most people view these investments in terms of percentages, but the absolute amounts seem more important to me. If someone is worth ~40 bucks and is "all in" silver with 1 oz, that doesn't seem very meaningful.

[c1ue]

Re: Silver Train...

Can I do an end run around "cash for gold". They pay out terribly. Post to craig's list and promise to beat cash for gold
by 30%?

I'd be really careful.

Besides the valuation issue (is that 24K, 14K, or fools' gold?), you also have the issue of showing up for a meeting with a random stranger carrying lots of cash.

[Kadriana]

Re: Silver Train...

What would you (or anyone else) consider to be a significant amount? I know that most people view these investments in terms of percentages, but the absolute amounts seem more important to me. If someone is worth ~40 bucks and is "all in" silver with 1 oz, that doesn't seem very meaningful.

I suppose I would consider significant to be a couple monster boxes although even that is a small amount in the grand scheme of things. People I know that have picked up silver might be getting a couple peace dollars or a roll of eagles. I don't know anyone, myself included, with a meaningful amount of silver.

[DSpencer]

Re: Silver Train...

I suppose I would consider significant to be a couple monster boxes although even that is a small amount in the grand scheme of things. People I know that have picked up silver might be getting a couple peace dollars or a roll of eagles. I don't know anyone, myself included, with a meaningful amount of silver.

I don't know many either, but I do know a couple. It's always tricky to know how widespread it is, because a prudent person doesn't run around screaming about having tens of thousands of dollars worth of silver, gold, cash, etc.

[charliebrown]

Re: Silver Train...

I would only buy silver u.s. coins, Only buy in small lots, and I suppose we do the deal at U.S. post office where I would have a pre-addressed box and mail them off as soon as I got them. Just musings, I'm still thinking. I think I will take a few morgans to cash for gold and see what they offer. My guess is less than half of spot.

[aaron]

Re: Silver Train...

Silver eagle demand was down in march. It seems that the little guy is not what is pushing this market. Max Keiser needs to work harder!





http://www.localgoldsales.com/gold-m...-does-it-mean/

[shiny!]

Breaking through $40 tonight

From the close today at $39.64, silver is shooting past $40, now at $40.11. When I look at the chart I feel sick to my stomach. This is a picture of the dollar, or confidence in the dollar, collapsing.

The question is, will it keep moving up or are we due for another crash like 2008?

Someone close to me finally has enough money to buy some silver and he's asking me if this is a good time to buy. I honestly don't know what to tell him. Wait for a dip that may never come, or buy at a high, put it away and be glad you have it at any price?

[Kadriana]

Re: Silver Train...

Silver eagle demand was down in march. It seems that the little guy is not what is pushing this market. Max Keiser needs to work harder!





http://www.localgoldsales.com/gold-m...-does-it-mean/

When are the 90% silver quarters expected to be released? I've heard a lot of buzz over them and I wonder if people have backed down from silver eagles a bit wanting the quarters.

[jpetr48]

Re: Breaking through $40 tonight

I am advising friends on CEF. It add a pullback recently from a high because of purchase of gold/silver. NAV 22.66 trading at 22.86 as of 6 am today. This minimize the risk reward of silver, takes advantage of both their rise going forward. I was an am still more bullish on gold over the long haul and will buy slv on its next pullback

[jiimbergin]

Re: Breaking through $40 tonight

I am advising friends on CEF. It add a pullback recently from a high because of purchase of gold/silver. NAV 22.66 trading at 22.86 as of 6 am today. This minimize the risk reward of silver, takes advantage of both their rise going forward. I was an am still more bullish on gold over the long haul and will buy slv on its next pullback

I am doing the same, although I also suggest physical.

[Milton Kuo]

Re: Breaking through $40 tonight

Someone close to me finally has enough money to buy some silver and he's asking me if this is a good time to buy. I honestly don't know what to tell him. Wait for a dip that may never come, or buy at a high, put it away and be glad you have it at any price?

If I had no precious metals and had cash whose purchasing power I wanted to protect, I'd buy precious metals now and prepare for a much more volatile ride than in past years. If I felt that I'd have an involuntary bowel movement from that kind of volatility, I'd spend half the money now and hope for a better price in the future. Also, another way of dealing with volatility is to buy gold instead of silver.

So long as the U.S. doesn't fix its economy and has useful idiots such as Bernanke running monetary policy, precious metals are going to remain in a bull market. With things as they are in the U.S., higher precious metals prices seem like a slam dunk -- even at today's all-time high prices.

Full disclosure: I own precious metals (gold and silver) and am hoping for a correction to buy more. If we get a 20% correction, it'll probably be the last batch of precious metals I buy.