Silver<$15

I’ve been meaning to point out that silver has been below $15 for the last week. Gold actually dipped below $100 as well…something I was fairly confident I wouldn’t see.

So..when silver is limp call the Pimp.

Apparently premiums are up a bit since delivery times are pushed out. However, I’m a pretty simple guy…while I appreciate a Silver Maple or Silver Eagle, both of those lovely coins have just as much silver as a regular generic round and usually at a much lower premium.

Betcha the guy with a stash of fractional gold and silver in Greece right now is suddenly very popular.

4 thoughts on “Silver<$15

  1. I am looking to buy some gold at a lower price. I think it will drop some more over the next year or so. I think I will buy some silver at this price, and more if it goes down more. I worry that gold and silver might be in a long term bear market now though. Gold has not dropped 50% from its high. It should. Who knows?

  2. hit the pimp last week and if it holds out i’ll hit him again on payday. more than one guru claims commodities took a hit right before the crash. one thing is for sure, somebody is manipulating the metals market. supply and demand are upside down. the big banks are still laying in the hard currency as are china and russia too. just my luck to be tight on excess cash while silver is cheap.

  3. Yeah, I checked out grizzly PM’s today. Guy was asking a 30.00 dollar premium on 1/10th eagles. Didn’t pull the trigger. Saving my scratch for the big show this weekend.

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