Silver has been languishing in the low-mid 30 range for months now. Looking back on the sales of JUST silver eagles, and not counting generic rounds, bars, etc sold for investment purposes, and totally disregarding industrial use, where would the picture of US Eagle sales tell you silver is going ? 2002 - 10,539,026 Bullion American Silver Eagles were sold. 2003 - 8,495,008 2004 - 8,882,754 2005 - 8,891,025 2006 - 10,676,522 2007 - 9,028,036 2008 - 20,583,000 2009 - 30,459,000 2010 - 34,700,000 2011 - 39,868,500 (and the first year in which official coin sales surpassed domestic silver production) 2012 - One month into this year, sale are at 5,547,000......meaning yearly total could easily hit 60,000,000 if this pace continues.....nearly twice the entire mine output of the US. And this is JUST US Silver Eagles, remember. How much longer can they hold silver at 34 bucks ?
I don't know. I have been watching silver very closely and believe that if you see at at $31 or below you should but. However I don't know about a jump past $40 in the short run (2 years). Also, it is important to note that Silver should not be a longer term investment solution. The market has proven to be too volitile over the years.
I'm all in long. Not so sure about volitile as I bought in at ~$6/oz and have bought all the way up. pretty glad I stayed in and didn't jump out at $8, $10, $15, $20, $25, etc.
I'd disagree. Given the stats on world use, (up) and the continued mine supply (down), my guess is long term ( 5-10 yrs) we're looking at 100 buck silver, easy.....and could well shoot past that.
Volatility is the relative rate at which the price of a security moves up and down. Volatility is found by calculating the annualized standard deviation of daily change in price. If the price of a stock moves up and down rapidly over short time periods, it has high volatility. If the price almost never changes, it has low volatility.
I buy a couple rounds a month. Went to get some yesterday and he was sold out of everything but dimes and collectible coins.
It use to be that you could get a decent deal on ebay. Right around spot even including shipping. Those days seem to be gone. Hell they are going 5 over spot on round and then add shipping on top unless you are buying 10 oz or more. Peeps are bidding it up beyond reasonable on there.
First let me say that everyone's situation is different, so make your own call. Here is mine. I ALMOST bought silver today, but then I noticed that I used the last of the mouthwash and floss last night. A little more looking showed I was down to a half bottle of hydrogen peroxide too. The connection may not be obvious, but my philosophy is that precious metal investments only make sense AFTER things you actually will use are on hand. You may not be able to swap your silver for food if food is scarce. But if you have actual food, you can eat it. The same holds true for medical supplies and I consider good hygiene preventive medicine. SO - instead of picking up $100 worth of silver this afternoon and holding in in the speculation that I can sell it for a gain later or barter it post SHTF as I intended to do. I will now go to the pharmacy and stock up on peroxide, floss, and mouth wash and call it $100 to prevent a post SHTF oral infection and 3rd world style tooth extraction, etc. I think that is money better spent.
I fund my silver purchases from money left over at the end of the month. We use a cash in the envelope system for day to day expenses gas, milk ect. Whats left over buys silver. My preps are budgeted into the beginning of the month expenditures.
