[0xmattf]

I'll never forget when silver went down to $11/oz. I immediately went to my local metals dealer to make a purchase. I watched the two owners through the glass windows carrying a huge tote to the back room.

When they opened the door, they said "so many people came in and bought everything", both sweating and breathing heavy. Lied right to my face. They left out like five generic 1oz silver bars and a small gold coin.

And again, when the price was high, they don't want to pay anywhere near the spot price.

I learned this: silver/gold is definitely not something you buy to "flip", at least in the short term. It's something you buy and hold for as long as you live, if possible, perhaps passing it down to your kids.