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What A "Gift"!

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W.K.F.

1,127 views

What a welcomed occurrence. This correction is a gift from God.

Greetings Collectors,

I've been waiting on this correction in silver for sometime. It's just not healthy when prices go parabolic like they've been the better part of the last month. I thought the correction had "played out" when it reached a little above $40 so I jumped on a large pile pictured below. Well, neither myself or anyone can call an absolute bottom so I just decided that $40-$41 was my entry point. Well I just jumped again for about the same amount, only this price was $36 and change.Wow do I hate to buy what I think to be the low, only to see the low go down by another almost 10%.

But I'm glad I did it. Both buys, that is. I wish I could raise some additional money to maybe do one or two more "like-size" groups before prices are in the mid $40's range again. Below I have close to a dozen proof silver eagles in the boxes. Also have a great selection of silver commemorative dollars & halves. Also snagged a bunch more blue & brown Ike's along with 2 dozen older silver proof sets.Of these old proof sets I have 10 that are un-opened. (one 1959 & 9 1960) The other 12 or so older proof sets consisted of a couple dates in the late 1950's and the rest were 1963 & 1964 proof sets. These old proof sets have 85 cents in face value 90% silver and can be had often at spot or even less. Also I would like to think that I am safe to say that if we only knew just how few of these old silver proof sets there really were, because of the vast number that have been broken up/open, spent, and mostly having been melted over the last 30+ years, each of us would grab a hand-full or two to save for the rainy day down the road. I've been told by experts in the hobby that of all the silver proof sets made from 1960-1964, there is less than 1-2% left in their intact govt packaging. Kinda makes one think? Huh?

So anyway, if you have the extra funds, try to get all the silver you can afford up through the $30's and into the lower to mid $40's. I'm certain that there will be other corrections during the coming months & years, but I don't believe a drop of being practically "cut in half" will ever come again. That is unless, we have another period where silver just continues to shoot skyward. Only if we saw silver go from $35 to $95 in just a few short months, would we see a correction of maybe $20-$30 an ounce haircut, ONLY after another meteoric rise like we have just witnessed over the last 30-45 days. Nothing can continue to keep going straight up without periodic pauses. NOTHING!

I hope the weekend finds you at your favorite desk or table with a good light and a better pair of "magnifiers" and a table full of coins. And of course all of this accompanied by a large cup of good coffee or depending on the time of day, maybe a nice glass of wine or an ice cold beer. All of the above sound good to me. And that pretty much describes what my weekend will end up looking like.

Silver to gold ratio has climbed due to the higher percentage sell-off in silver compared to gold, and now stands at 41.854

Happy Collecting!

WKF

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