When you bought silver at $16

[sebring]

its kinda hard to buy more at $50. Anyone feel the same?

[ragin1]

I remember when they wanted $8 for an Eagle and they pissed me off so much I refused to buy them. So I just stacked rounds, bars, and pre 65.

[StrawMan=Corporation]

16.00 hell I bought at 12.00 and thought I was getting ripped off as I paid a buck per SAE for premium.

Now the dealer charges like 2 bucks over spot.

[charlie1023]

its kinda hard to buy more at $50. Anyone feel the same?

Jeez, I started stacking when silver was at its low in the $4 range and have been picking up ever since. I remember when ASE and ML's went over $10 a piece how tight I became before I realized I needed to continue the buying spree else I miss the bus. To be honest, I never really expected to be in the price range we are today, only hoped for it and man has this been a rush. Needless to say I still buy when I get a magazine deal or at or below spot on the Bay but I never thought i'd be laying out for $40+ silver......

[Argentium]

Know the feeling well, as one who started under $8/toz. My buying habits have changed substantially when spot rose >$30.

[roaddawg31]

I agree. I like how everyone on here has to take the time to boast or correct you about where they say they bought at...

The point is to illustrate the difficulty you feel in pulling the trigger on some more silver. The hope would be that we ALL can come up with some prescience, or come up with some profound logic, that will make us pull that trigger.

It's not to brag, it's not to hear how great you are for pulling the trigger at x price, it's not to tell everyone else how much you have...

[ttazzman]

as nostalgic as we all may be its good to know new money doesnt have these ingrained values as their base's, its really hard for me to imagine paying $5,000 a 100oz bar

[Haole]

I just consider it averaging up on the way up, it virtually ****ing guaranteed. Sure beats pieces of paper and numbers on a computer screen... I worry a lot more about where to put the **** than I do about the "price" to get it an my hot little mitts...

[curmudgeonista]

I agree. I like how everyone on here has to take the time to boast or correct you about where they say they bought at...

The point is to illustrate the difficulty you feel in pulling the trigger on some more silver. The hope would be that we ALL can come up with some prescience, or come up with some profound logic, that will make us pull that trigger.

It's not to brag, it's not to hear how great you are for pulling the trigger at x price, it's not to tell everyone else how much you have...

I think you missed the point made by those who've been in since the $4, $8, $12, and whatever. It's not boasting. It's that some folks have been having a hard time pulling the trigger for a looooooong time already, just same as the guy who got in at $16 is now.

You want bragging? I've still got some 90% pulled out of pocket change, at my father's knee, when clad crap had not even been introduced yet.

[silver solution]

We bought a LOT of silver at 4.50.
I think its all gone.

I can't remember the last time we bought silver.

[silver solution]

I think you missed the point made by those who've been in since the $4, $8, $12, and whatever. It's not boasting. It's that some folks have been having a hard time pulling the trigger for a looooooong time already, just same as the guy who got in at $16 is now.

You want bragging? I've still got some 90% pulled out of pocket change, at my father's knee, when clad crap had not even been introduced yet.

I'm retired but if I had any real income I would still be buying silver.

[Rusty Shackelford]

As difficult as it may seem, I will keep doing it until somebody gives me a better option for my $50.

[latemetal]

I agree that its getting harder to buy at $50, one of my first e-bay buys was $6/ounce for three generic rounds.

[silver solution]

as nostalgic as we all may be its good to know new money doesnt have these ingrained values as their base's, its really hard for me to imagine paying $5,000 a 100oz bar

When I was buying them at 450 bucks I told the wife these should be worth lots more and 5000 bucks seemed to me a good place to sell. That was like 20+ years ago.

Well they all went way before 5000.

I feel that 50 is still cheap for silver. I think that one silver dime should be worth a days pay for working stiff today so around 100 bucks a dime seems right to me.

[silver solution]

I agree that its getting harder to buy at $50, one of my first e-bay buys was $6/ounce for three generic rounds.

If you have the income keep buying. I would!!

[Silver Buck]

As difficult as it may seem, I will keep doing it until somebody gives me a better option for my $50.

Words of wisdom. What else to buy?

I got into Silver a year ago at $17.50 and achieved my position just before Thanksgiving at $27.50. I did make purchases in the $28s before Thanksgiving to get while the getting was below $30.

Until Wednesday, I hadn't made a purchase above $30.

Now, I'll be purchasing Silver in the near future when my gut tells me to start buying again (Silver, she needs a breather). And like you said, what else is there to buy?

Gold?

I'll be doing a bit of trading tomorrow morning for some fractionals (don't want to pull Emerganecy FRNs out to make any purchases).

[Merlin]

It's the same with gold, too. Back in 2004, I got full ounce of gold for $410. Wednesday I ordered a gold Franc for $360 including shipping. That's only .1867 ounces of gold. You know something? It didn't bother me a bit

[silver solution]

It's the same with gold, too. Back in 2004, I got full ounce of gold for $410. Wednesday I ordered a gold Franc for $360 including shipping. That's only .1875 ounces of gold. You know something? It didn't bother me a bit

You are a Smart man keep stacking!!

[AgAuGal]

it is definitely harder to buy at $50+ an oz (just shake my head when I'm told $50+ for a round, a friggen round I tell ya) but it seems even harder to sell at these prices (second guess decisions, getting off the silver train too early?, ....)

[Juristic Person]

its kinda hard to buy more at $50. Anyone feel the same?

You just need to look at it from a different perspective.

Silver hasn't gone up in price. Your dollars just aren't worth nearly as much as they were....so you need more of them to buy that same amount of silver.

The way I look at it, I wanna det rid of this depreciating currency as quickly as possible and SILVER a great trade!

[Gold Rush]

I got in at an average of 12.00 an ounce, earlier this evening bought at 52.46 an ounce...it's a small price to pay, for peace of mind..yeah it's hard pulling the trigger at this level, but the feeling gets alot better after you realize your stack just grew...while nothing else in the world is improving

[Argentum47]

I started buying at £8 an oz and bought my bulk at £20 an oz. I am still buying now at £30.

Though I am giving real consideration to selling a % now and waiting for a big pullback to load up with more.

Just not sure if it's a gamble worth taking.

[rodzm]

Bought hand over fist during the crash of 08, bought on credit, sold crap I didnt need, hell I sold my vintage toys and now it feels really hard to buy any silver at $40+. The only silver Ive bought was the hockey pucks plus a few ok deals every now and then but not enough to replace the 240+ oz that I already traded for gold.

Every once in a while I feel a little bit dumb for starting my trades a bit early at around 57 but at least i locked in profits in the way of gold. Down averaging the GSR has worked out good for me by trading on every 6 point down swing.

Looks like in order for me to increase my stack significantly to where it was I will need the GSR to swing over 55 because at these prices you cant really put a dent on your stack. Almost $500 for 10 oz of silver is just beyond me

[gringott]

I had to switch to gold because of that feeling. Now gold shoots up, I may have to switch back.
Those magazine specials have sated my silver buying addiction a bit.

[goldmaster]

Like many others, when silver was trading in the teens ($14-$18), it was a really easy call to make. I sold, schemed to get every paper/credit dollar I could into silver because the upside was so stellar.

Nothing could compare to it... stocks, bonds, copper, nickel, platinum, real estate, collectibles, dry goods, guns, machine tools, even gold.

However, after tripling in price, you have to ask yourself, how much higher can it go? If it triples from here, you're looking at $150 silver. A 50% rise is $75/ounce!

Is there anything better I can do with my paper/credit dollars that will beat that in the future?

I think so.

So, yes, $50/ounce silver gives me great pause.

I look at it like this... how much could an ounce of silver get you traditionally throughout history. Today, an ounce of silver can get you more than at anytime I can ever remember... except gas.

The only reason I buy silver now is just to park paper/credit dollars until I figure out something better to get.

[Simpleworld]

My fondest memory of buying Silver was back in summer 2008 when I went to my guy in downtown LA and picked up a 10oz bar for $140 out-the-door. I remember it like it was yesterday.

Picked up some Eagles yesterday at $52 a pop, plus tax.

[~BS]

its kinda hard to buy more at $50. Anyone feel the same?

No, because the cost of everything else went up as well. People said the same thing at $30, that it was getting too expensive and hard to justify buying. Now buying at that price would be considered robbing a blind person. Imagine if it goes up to $100, then $50 will seem cheap.

I bought silver at $10, I will buy at $100. If it goes back to $10, I will buy once again.

[~BS]

My fondest memory of buying Silver was back in summer 2008 when I went to my guy in downtown LA and picked up a 10oz bar for $140 out-the-door. I remember it like it was yesterday.

Picked up some Eagles yesterday at $52 a pop, plus tax.

I remember buying junk for 9.5X face at a coin show and thinking it was a bit expensive.

[Malus]

Some days I buy a little, some days I buy a little bit more. As long as they allow me to trade paper for real money, I'll never stop buying regardless the price.

[roaddawg31]

The way I look at it, I wanna det rid of this depreciating currency as quickly as possible and SILVER a great trade!

It is an accurate perspective, but that is the question: Really, is it still a "great trade" (dollars to silver)? Certainly it's better than nothing. And being that most of us are believers--it's at least a decent to good trade. But is it STILL "great"?

For instance, if you have $500, would it be better to instead invest in food supplies? Or if you have the inclination, invest in a productive little food garden?

[Avalon]

I established my silver stash between 11- 16 dollars. I did buy a 10 oz bar during the last big correction at 28 dollars an oz..
I would have nightmares if I paid 50 bucks for a silver round. I am a firm believer in patience. Its corrected before it will correct again. If it doesnt its not meant for me to buy any more. If it does I wont procrastinate like I have in the past.

[Goldfarmer]

As I mentioned in another post a couple days ago, I pulled the trigger on another 100 oz bar @ almost $44.40/oz CDN to acheive what I wanted to acquire as a core position. Still for anybody that was buying at those previously quoted prices.... u can buy a bit more and it doesn't hurt your average cost..... Between the Maples and 100ouncers I averaged out to 21.79. So if Silver ever gets "overvalued" AND on the cover of Time Mag. I'll swap out for other hard assets.... Till the US buck stops droppping and oils dropping I don't see any reason to stop trading in worthless paper for gold and silver....