Any silver stackers watching the market?

[chucklenut]

i wouldnt buy any precious metals right now

the economic failures in the EU will cause massive selling of commodities and tangible assets to pay off failing securities. this will pump more into the world market and drive the prices down

 

[jrr888]

I can't keep metals in stock, been selling out every day!

 

[moosensquirrel]

Do you guys actually think anyone is going to trade bullets or food for shiny metal when money has no value?

gold and silver have a documented 6000 year history as a store of value and have provided liquidity for trade purposes and wealth preservation. Gold and Silver have inherent value. Less than 1% of the public is going to have any food to trade anyway and many will be using their bullets to acquire it. Those with the volition to save gold and silver will most likely have plenty of food stored up, along with ammo and other sundries...and also have a plan for their future. I can tell from the comments that many here have no such plan (and most likely no future).

money, i.e. gold and silver coins, has inherent value. It is paper currency that has no inherent value.

 

[Wolf six]

aaaannnd we're at 22 dollars

 

[bootgun]

I prefer to buy US currency coinage but bought a couple of bullion bars today as well.
Do you mean old dimes, etc.? Pre- 1965 coins?

Yes, Junk Silver coins. I prefer 1964 Kennedy Halves.

Smart man... I love halves. Franklin makes me happy!

 

[Wolf six]

so do y'all think the market will continue to drop? if so for how long?

 

[Patronus]

I'm already salivating. LOL! I have a good bit at $23+ an ounce but if it keeps dropping I'll keep adding.

 

[Hayata]

Precious metals typically drop when the market is going up. It's at an all-time high right now.

Opposite when the market drops.

I call it legalized gambling.

 

[Wolf six]

Precious metals typically drop when the market is going up. It's at an all-time high right now.

Opposite when the market drops.

I call it legalized gambling.

That is because the purchasing power of a dollar goes up silver goes down correct?

 

[Vintagefisherman]

http://www.blanchardonline.com/blanchard_products/silver_bullion_overview.php