Have we hit the bottom yet?

[gypsybiker45]

GEEEEZ 25% drop in 3 wks! does everyone think its over? or are we goning to go way down? Thoughts?

[Phaeton]

Talk on the streets is that the $14.05 spot price from last night is probably as low as it will go. With that said, who really knows? There always seems to be some other unexpected "event". The banks did take a beating today, so it might be over.

[bakersfield bullion]

what does it really matter how low it goes, deploy more cash as/if it goes down or panic & sell

[TTAZZMAN]

Talk on the streets is that the $14.05 spot price from last night is probably as low as it will go. With that said, who really knows? There always seems to be some other unexpected "event". The banks did take a beating today, so it might be over.


The "streets" missed a bit i see

[JesterJay]

Imagine how HIGH this thing will jump when it all shakes out.
Too bad you can't actually buy any silver at this price.
Here comes the Quickening,
JesterJay



The "streets" missed a bit i see

[pkrebaum]

Did anyone notice the PM drop in Gold and Silver ($1.50/Oz. !!!) as soon as the Sydney exchange opened ? Could this have anything to do with the National Austrailian Bank's recent decision to unwind all its toxic U.S. mortgage investments ?

Between all the commodities selling to cover sub-prime losses, the PPT, and the Central Bank's dollar interventions who knows when this will end.

[pkrebaum]

or more appropriately than when it will end ... ('cause it has to end)..... but at what PM price will it end.

[Nickelless]

GEEEEZ 25% drop in 3 wks! does everyone think its over? or are we goning to go way down? Thoughts?

Why in the world should we be worrying about how low it will go? PMs are the only honest money out there, so we should be buying as much as we can as it's dropping instead of wringing our hands that our stash is losing value relative to an artificially inflated dollar. Don't sweat the drop in PM prices, but buy them like there's no tomorrow, because we have no clue how much longer the feds can keep up their Ponzi scheme, and if we don't buy PM now while it's cheap, we might not be able to afford it later. I don't know of anyone who's worrying about gas prices going down, which is exactly what's happening as PM also drops and the dollar "rises." Think of it as a post-Christmas sale at Walmart: Everything is marked down 25 percent, and we'd all be idiots to wait until the price goes back up just because we worry that what we buy will somehow be worth less. PM has real value; FRNs don't. Get the tangible stuff while you can, because if you don't get it now, it might be too late before you know it.

[Trvlr45]

Why in the world should we be worrying about how low it will go? PMs are the only honest money out there, so we should be buying as much as we can as it's dropping instead of wringing our hands that our stash is losing value relative to an artificially inflated dollar. Don't sweat the drop in PM prices, but buy them like there's no tomorrow, because we have no clue how much longer the feds can keep up their Ponzi scheme, and if we don't buy PM now while it's cheap, we might not be able to afford it later. I don't know of anyone who's worrying about gas prices going down, which is exactly what's happening as PM also drops and the dollar "rises." Think of it as a post-Christmas sale at Walmart: Everything is marked down 25 percent, and we'd all be idiots to wait until the price goes back up just because we worry that what we buy will somehow be worth less. PM has real value; FRNs don't. Get the tangible stuff while you can, because if you don't get it now, it might be too late before you know it.

Yep, you're right!

[bakersfield bullion]

well looks like gold will hit 700 or just under and silver 1 more time under 12, keep posted and if u log into bullion direct u can take advantage of the swings in prices since it updates as the spot price changes u can get some good orders in any time nite or day

[JesterJay]

How long is the wait at bulliondirect.com?
JesterJay



well looks like gold will hit 700 or just under and silver 1 more time under 12, keep posted and if u log into bullion direct u can take advantage of the swings in prices since it updates as the spot price changes u can get some good orders in any time nite or day

[Phaeton]

How long is the wait at bulliondirect.com?
JesterJay


Placed 4 orders with them last week and 2 of them are expected to arrive in a week and a half. I've always gotten my Silver from them in no more than 2 and a half weeks of ordering. I would recommend them HIGHLY and I believe if they don't have it, they don't post it - so it seems that they still have a decent selection. The 10oz bars disappeared pretty quickly. Wanted to pick up some of those... got 60 eagles though!

People seem to think that they are expensive but they actually have some of the best Eagle and Maple prices you will find online, shipping included... including Northwest Territorial!

[hiyosilver]

it updates as the spot price changes


I don't think it does. I use a program that updates an individual browser window at selectable increments from 10 seconds to 10 minutes. I usually set it for 20 seconds on Kitco and most times I get a different price (usually a cent or two up or down), everytime it refreshes. In conjunction with that I use the windows magnifier application to magnify a selected portion of the window and I can see it from across the room as I perform other tasks.

[SilverWhore]

I got some 1oz. silver bars for 13 a piece on friday at my local dealer. A cab driver panic sold some stuff back to him when silver dropped sharply. My guy has alot of individual people bring things in rather than buy from suppliers so I don't deal with premiums or any general BS when it comes to trying to buy at these dirt cheap prices =)