Silver continues to sit below $30. I have been quietly trying to buy as much as my meager resources allow. Will it fall further? Maybe. Maybe it’ll drop to below $25. Will I then feel I was foolish buying it at $28? Nope. Not at all. I’m in it for the long haul. I mostly only care about the price of silver from the standpoint of how much can I buy at this moment with the cash available to me. I feel this way because when the time comes to sell or trade it, the purchase price, no matter what it was, will be nothing compared to whats going on when it comes time to sell. Or, put another way, I don’t care how much a parachute costs today because when the time comes that I need it, things will be bad enough that it’ll seem like it was a bargain no matter the price.
Notes From The Bunker
Bingo, I agree. We finally found the right retreat for us, sold our silver a month ago to pay for it. Been holding it for years, now we feel naked without it.
E-x-a-c-t-l-y.
I got a roll of 50 mercury dimes at $27.36 per oz. I was darned pleased with that price and My Mom grabbed a few rounds as it bounced under $30.00
We can think of it this way: Once all of your priority preps are in (food, water, clothing, and other necessities), you know that the value of your remaining cash is being brought to zero via inflation. However, your silver and gold will always be worth something, so any excess money you have is good to put into metals – no matter what to price
I’m buying junk silver dimes (very good condition) at $21 x face value. It was a good bargain at $25/face, but even better now.
If the economy collapses like you all think it will, Ag will be sub-ten dollars.