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re: Gold...why is it down?

Posted on 2/20/13 at 11:34 am to
Posted by Lsut81
Member since Jun 2005
80251 posts
Posted on 2/20/13 at 11:34 am to
Is Silver a good buy at this price?

Currently at 28.66

I bought a bit at $30.10 a few weeks back, trying to decide whether to load up.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5948 posts
Posted on 2/20/13 at 11:42 am to
quote:

Is Silver a good buy at this price? Currently at 28.66 I bought a bit at $30.10 a few weeks back, trying to decide whether to load up.



I just bought 80 more ounces at Liberty Coin and Precious Metals earlier this morning in between treating patients. Best bang for the dollar IMO, outside of junk silver coins, is the 10 oz. Morgan silver bars.

Silver could go lower, into the $25-26's. If the prices touche those levels, don't expect them to stay at those levels long since the demand would push the prices higher. Lower prices doesn't bother me since I would be buying much, much more at those prices. It helps to be a long term investor.
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