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Old 06-21-2012, 07:17 AM   #1
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Silver Forecast

http://www.clivemaund.com/gmu.php?ar...ate=2012-06-19

This guy is predicting a July fall to the low twenties and not getting back to $30 an ounce until around November.

If true, I may be loading up in July!
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Old 06-21-2012, 07:37 AM   #2
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Originally Posted by benjamen View Post:
If true, I may be loading up in July!
I am going to hold off until I see it. Everything has taken a hit, but definitely watching silver.
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Old 06-21-2012, 11:56 AM   #3
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GSr is > 58 this morning.

I've got US$ burning a hole in my pocket wanting to go to the lowest priced purveyor of precious metals.
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Old 06-21-2012, 12:32 PM   #4
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I believe if silver drops much more (has gone below $27 as of this post) you'll see premiums go up or supply will suddenly diminish.LCS's will close for vacation & private sellers won't sell unless they need to liquidate to pay bills.
Premiums have already gone up at a few retail sites.Ex: Tulving .50 over for 90%,used to be spot.
JMHO.

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Last edited by BigJim; 06-21-2012 at 12:34 PM.
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Old 06-21-2012, 01:18 PM   #5
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Originally Posted by BigJim View Post:
I believe if silver drops much more (has gone below $27 as of this post) you'll see premiums go up or supply will suddenly diminish.LCS's will close for vacation & private sellers won't sell unless they need to liquidate to pay bills.
Premiums have already gone up at a few retail sites.Ex: Tulving .50 over for 90%,used to be spot.
JMHO.

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That would not shock me one bit.
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Old 06-21-2012, 01:28 PM   #6
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I wouldn't mind if it went down more, I would really like to pick up an AGE and some silver, but this makes me nervous at the same time....Argh!
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Old 06-21-2012, 01:48 PM   #7
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Originally Posted by 69mach351 View Post:
I wouldn't mind if it went down more, I would really like to pick up an AGE and some silver, but this makes me nervous at the same time....Argh!
We'll probably see PM's go lower,how low,I'd be a liar if I said I knew.
I think it's the ounces you own,what you paid will be forgotten in the long run.If you want a GAE,buy it,you'll be glad you did.
Again,JMHO.


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Old 06-21-2012, 01:57 PM   #8
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Clive's predictions are no more accurate than anyone elses FWIW. He's had a few few good calls and many bad calls.

Superhero - dollar cost averaging helps mitigate the risk of buying high.

BigJim - If Apmex's inventory of 100ozt silver bars are any indication, I'd say you are "spot" on.
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Old 06-21-2012, 02:20 PM   #9
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I guess that I am still in the "buy and accumulate" phase! I love seeing the price go down so that I can buy more weight... but, I also bought small at near $50/oz right on down through current prices. I think about that once in a while, but whatever.

I just buy more now

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Old 06-21-2012, 02:27 PM   #10
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....going boating now
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Old 06-21-2012, 02:27 PM   #11
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i've had enough pain thanks..
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Old 06-21-2012, 02:29 PM   #12
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Originally Posted by BigJim View Post:
We'll probably see PM's go lower,how low,I'd be a liar if I said I knew.
I think it's the ounces you own,what you paid will be forgotten in the long run.If you want a GAE,buy it,you'll be glad you did.
Again,JMHO.


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It is tough to average if you only have 1
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Old 06-21-2012, 02:53 PM   #13
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Originally Posted by 69mach351 View Post:
It is tough to average if you only have 1
Everyone has to start somewhere.



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Old 06-21-2012, 04:49 PM   #14
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Originally Posted by PMBug View Post:
Superhero - dollar cost averaging helps mitigate the risk of buying high.
Understand the concept, but difficult to practice.

So far I've only purchases from APMEX (cheaper than Kitco and BullionDirect on larger orders). Unfortunately APMEX's tiered premiums and shipping costs would make total cost too high.

If I go local, I've found a dealer with decent premiums, but California charges sales tax on PM transactions < $1,500. 7.75% is a pretty big however you slice it.

SO.... my primary options are buy in $1,500 chunks from local dealer, or 100+ oz. from APMEX. Small purchases just won't happen even though it'd be ideal.
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Old 06-21-2012, 06:19 PM   #15
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Check some other dealers like Provident, Gainesville and Goldmart. You might better deals than Apmex offers.
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Old 06-21-2012, 06:32 PM   #16
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Originally Posted by superhero View Post:
Understand the concept, but difficult to practice.

So far I've only purchases from APMEX (cheaper than Kitco and BullionDirect on larger orders). Unfortunately APMEX's tiered premiums and shipping costs would make total cost too high.

If I go local, I've found a dealer with decent premiums, but California charges sales tax on PM transactions < $1,500. 7.75% is a pretty big however you slice it.

SO.... my primary options are buy in $1,500 chunks from local dealer, or 100+ oz. from APMEX. Small purchases just won't happen even though it'd be ideal.
You might also check SilverTowne. I've ordered their trademark "donkey" silver bars a couple of times, always with FREE shipping.
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Old 06-21-2012, 06:46 PM   #17
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Silvertowne's premiums are slightly higher, but the free shipping makes it worth it on small purchases. The other best deal on small amounts is goldmart. 5.95 shipping on orders less than 150.
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Old 06-21-2012, 07:44 PM   #18
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Thanks for the suggestions. Just checked out Provident Metal and Goldmart's FAQs. Put their shipping costs into a handy dandy spreadsheet.

Then I plugged in APMEX, Provident and Goldmart's price for 50 silver maples. With premiums and shipping, the total cost over spot for the three sellers is $4.14, $2.99, $2.45 respectively.

If plugging in their prices for 100 silver maples, with premium and shipping, the total cost over spot for APMEX, Provident and Goldmart would be $3.39, $2.62 and $2.33 respectively.

I understand premiums vary on different products (and the silver maple was on Goldmart's daily special list), but it looks like overall, Goldmart and Provident are cheaper than APMEX. May need to set up accounts over there as well in preparation for purchases in the next few months.
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Old 06-21-2012, 08:28 PM   #19
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Provident an goldmart are the two I look at. Provident has a better selection but is slightly more money. Goldmart has less to choose from, but is cheaper.
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Old 06-21-2012, 08:29 PM   #20
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Oh, and provident's website is a lot better IMO.
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