A buddy of mine is saying once silver hits $22/oz, that is the time to buy.

I have some money that I have been waiting to drop into some silver eagles. Yeah I love my Silver Eagles cause they are 'purty'.

Is $22/oz on silver a reasonable buy price or is there some more downward price?

Thanks

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Posted by Vols&Shaft83

Throbbing Member

Member since Dec 2012

69891 posts

Posted on 5/1/13 at 7:09 pm to Reubaltaich

Have you considered buttcoins?

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Posted by LSURussian

Member since Feb 2005

126934 posts

Posted on 5/1/13 at 7:32 pm to Reubaltaich

quote:
Is $22/oz on silver a reasonable buy price or is there some more downward price?

I'm no PM expert but my advice is only buy silver when it hits its lowest price.

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Posted by StrangeBrew

Salvation Army-Thanks Obama

Member since May 2009

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Posted on 5/1/13 at 8:47 pm to LSURussian

Do you also recommend selling it when it reaches its highest price?

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Posted by Meauxjeaux

98836 posts including my alters

Member since Jun 2005

39845 posts

Posted on 5/1/13 at 8:55 pm to LSURussian

quote:
Full time jobs are reduced to part time jobs. Banks slow lending because collateral values decline. Auto sales slow as buyers wait for prices to fall. Assets usually held for wealth generation purposes (commercial real estate, precious metals, stocks) decline in value.

AKA, Obamacare burdened Obamaterm2.

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Posted by LSURussian

Member since Feb 2005

126934 posts

Posted on 5/1/13 at 9:16 pm to StrangeBrew

quote:
Do you also recommend selling it when it reaches its highest price?

I haven't analyzed that but my first inclination is to answer yes.

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Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 5/1/13 at 9:24 pm to LSURussian

Also my advice when you go to buy your physical silver tell the dealer you Only want silver that pays growing quarterly dividends and make him sign a contract to purchase it from you for over spot price after all he's selling it to you for over spot price it's only fair also be sure to buy a shovel so you can bury said silver coins so looters in a doomsday scenario won't find them....when said doomsday scenario occurs ferraris will trade hands for 1 silver coin which will then be worth 10,000 bitcoins

This post was edited on 5/1/13 at 9:33 pm

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Posted by StrangeBrew

Salvation Army-Thanks Obama

Member since May 2009

18183 posts

Posted on 5/1/13 at 9:33 pm to LSURussian

quote:
I haven't analyzed that but my first inclination is to answer yes

Russian, Your gut instinct is good enough for me!

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Posted by ThaBigFella

baton rouge

Member since Apr 2006

2043 posts

Posted on 5/1/13 at 10:23 pm to StrangeBrew

for those who always bring up the doomsday scenario in which silver and gold are the only currency and will be used to barter for goods......

can you explain to me how a 1 oz silver bar which will supposedly be worth like $200 when SHTF will be used in barter for say water? Im just preparing myself since im in the convenience store business on how i will accept these PM's as payments for say a bag of cheetos? or will i just have to trade my entire inventory and deed to the business for a 1 oz gold bar at that point and go home and defend it like the tomato plant in waterworld?

This post was edited on 5/1/13 at 10:27 pm

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Posted by Lsut81