Posted by Mike (WA) on February 25, 2014 at 09:49:43 from (69.10.199.171):
In Reply to: Re: Buying Silver? posted by Dick2 on February 25, 2014 at 09:36:16:
Not sure about further large declines in silver prices- it could happen, of course, but cost of production is nearly $20 an oz., and mines (and every other business except farming) tend to shut down and send everybody home when price is below cost of production, thereby creating a shortage so price goes back up. As I said below, I'm holding it in case everything goes south in the economy. Not much interested in buying and selling as an ordinary investment, although if it hit 60 bucks or so, I might have to give it a hard look.
Even when silver got down to 5 bucks an ounce (where it stayed, for years and years), those 100 ounce bars that the brothers had were still pretty expensive door stops. . .
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