From the March 27, 2020, Numismatic News E-NewsLetter
Do you see opportunity or risk in the current declining spot metals prices?
Here are some answers sent in from our E-Newsletter readers.
Like other markets, it is for buying. Unfortunately, with reduced income, money goes to food and fuel. I'm glad I stocked up on silver some time back. I may have done better if I waited but I don't feel too bad.
Steven B. Gray
I definitely see this as a buying opportunity. I just haven't found the right deals as of yet.
I think that there is a risk involved here. With the flooding of paper monies to counter the pandemic, the value of many collectible coins is going to decrease in value. I think there will be a time when we will only be able to exchange our precious coin collection for items of need. I hope this is not true but it is possible.
Well, it looked good as silver was dropping like a fly though it might go below $12 an ounce. If it did, I would have bought 100 ounces but that was a short (blink of an eye) drop and recovery. The other issue was finding a dealer that has silver in stock. It appeared many were out and back-ordered. So much for the virus buyers!
Michael (Last name withheld)
I see a wonderful opportunity to buy gold and silver now. With the amount of debt piling up by our government (federal, state, and local), I see precious metals as a safe haven for when the dollar will become nearly worthless. Go out and buy!
I would hold right now. No panic buying or selling!