Continuing to fall

[drcaulfield]

How low do you all feel the silver melt value will fall?

 

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[TheNotoriousA.G.]

$0, Then I will buy the world's supply with a single copper penny!!

 

[rfishoutofwater]

i think it will level off in the teens.

 

[usernameerror]

Keep on falling and I'll continue to stack. Picked up some quarters today. Little by little.

 

[SilverHoarder07]

Support is proving strong at the 22.50 area. I'm thinking this is probably going to trade sideways brilliant late August before we see a strong reversal.

 

[PhattyB]

It falls to $1.38 and silver is worth face value.

Seriously, i hope it keeps dropping or level for the next year, and I'll buy in every spare dollar I have..

 

[drcaulfield]

I have noticed that the market or at least what I can find for sale in terms of coinage is holding around 20x face

 

[usernameerror]

20x Face is about right in my area. I found a place that sold 19x face. Best price I've found. Taxes kill it though. I'll probably be doing just bullion since the premium isn't as high.

 

[gunner45]

20x Face is about right in my area. I found a place that sold 19x face. Best price I've found. Taxes kill it though. I'll probably be doing just bullion since the premium isn't as high.

Correct me if I'm Wrong but there shouldn't be any taxes

 

[Iamrussell]

Correct me if I'm Wrong but there shouldn't be any taxes

No taxes in Utah not sure about other states- finally got ASEs under $28 yesterday- and "junk" was $19.5 x face-

 

[usernameerror]

Correct me if I'm Wrong but there shouldn't be any taxes

In my state precious metals are taxable for any amount purchased under $1000. Sucks.

 

[PhattyB]

Correct me if I'm Wrong but there shouldn't be any taxes

Taxes vary by state. Some don't charge, some waive at a certain level.. I think most charge sales tax though.

Here: Sales Tax Laws | State by State Breakdown | The|Coinologist.

 

[rfishoutofwater]

No taxes in wa state

 

[George Baldwin]

Once the economy gets a bit better, it will drop to around $14 to $18 and stay around there until a) another US recession or an economic downturn or b) a major negative economic event in China or Europe or c) demand for silver in industry skyrockets.

I'll be buying junk when it hits that price. Not one day earlier. Until then, only CRHing to get the silver.

 

[fistfulladirt]

I agree. When the economy gets better, many will be back to work and the dollar will be stronger again. Less confidence in PMs.
We used to throw the 40's back. Will we again?

 

[mercury1]

In my state precious metals are taxable for any amount purchased under $1000. Sucks.

I'm in New York and that is the rule. No idea why but when I buy, it's always going to be over 1k. Sorry New York State. Lol

 

[mercury1]

I agree. When the economy gets better, many will be back to work and the dollar will be stronger again. Less confidence in PMs.
We used to throw the 40's back. Will we again?

Hell no.