I'm just asking..............about buying gold/silver at spot ???

1630Boston

I see it said over and over again to** "Buy as close to spot as you can"
**
As the prices fluctuate, sometimes greatly, and you buy hoping the price is higher when you sell...........does paying a premium, especially for American Eagles, really have that much of a role in your decision to buy?

bronco2078

@1630Boston said:
I see it said over and over again to** "Buy as close to spot as you can"
**
As the prices fluctuate, sometimes greatly, and you buy hoping the price is higher when you sell...........does paying a premium, especially for American Eagles, really have that much of a role in your decision to buy?

https://www.providentmetals.com/90-junk-silver-us-coins-1-face-value-715-troy-ounces.html

coinpalice

I think right now is a great time to buy as the gold price is at or near the bottom, right now I am picking up $20 st gaudens at near spot. I don't buy much modern gold

Timbuk3

It absolutely has a factor in my decision to purchase. I'll buy gold below spot, but how much below will determine whether I pull the trigger or not !!!

1630Boston

I'm just saying.............you buy it below spot today and the price drops ?
You buy for a premium today and the price rises ?

I just can not, at this point in my life, let a few dollars on a multi dollar purchase really make me decide to buy or not.
I think dollar cost averaging is the best idea but it is harder to do if you are always watching the price
JMHO

derryb

You will typically get a higher if not equal premium when you sell if you are selling in a stable or rising market. While premium is affected by quality of the product it also indicates it is more sought after. This makes selling it later much easier. I will always pay the extra premium for a product that I feel will bring more buyers when it comes time to sell.

I usually buy my gold and silver eagles on ebay but only when I can earn a 10% ebay bonus bucks rebate. While the bullion category is excluded from ebay bucks you can find them in other categories where they earn the rebate.

I also do not turn down a good price on gold buffalos or .9999 10 oz. Royal Canadian Mint silver bars.

1630Boston

Sound advice, thanks @derryb

cohodk

Paying a premium reduces overall quantity. I believe more is better. No premiums for me.

oldstandard

Right now our coin store is selling 100 oz bars at spot I buy them I would hold off on the over priced Eagles for now. if you do not have a serious bullion dealer near you and you have mileage and gas to add in then I understand the premium via internet . This year will not be the low so you can buy down in 2019 when the low comes in, 2019 will be the year of the panic seller gold will test the 1000 mark and most likely but brief be at the $900 level either way you will not go wrong at these levels no matter what and one world event changes everything so it good to stack right now for the unknown,

coinpalice

gold is not going down to 900/ounce next year

oldstandard

@coinpalice said:
gold is not going down to 900/ounce next year

Gold might not go to $900 if it does it will be brief but the 2015 lows will be tested for sure gold of $1050 silver of $13.50 if you are following what is starting right now a lower low will be coming, gold will go under $1100 with in a year for sure

DrBuster

comment removed, venting.

bronco2078

Well if you bought metal last year at 19 then thats indistinguishable from paying 4.40 over spot today . Its only worth todays price . If people tell you that as long as you don't sell you haven't lost money then just assume they need therapy or they are an accountant.

Silver bought at a higher price but unsold is like they relative level of comfort you feel falling from an airplane without a parachute, well I haven't hit the ground yet so its cool

ricko

For those that do not have gold or silver, now is a good time to get some....if buying close to, or at, melt. It may go a tad lower, no one knows for sure....However, we can safely assume PM's will go up in the future....how much and when is the mystery. Cheers, RickO

coinpalice

he fall and winter months are always bullish for pm's. it cost over 1,000 dollars to pull gold out of the ground. Recycled gold won't be enough to supply the u.s. mint and the Jewelry makers and miners will not even bother pulling it out the ground at 1,050 or less. the lowest I see it going is 1,130 and I don't see it going that low either

asheland

Good points made.

oldstandard

I think at these le> @coinpalice said:

he fall and winter months are always bullish for pm's. it cost over 1,000 dollars to pull gold out of the ground. Recycled gold won't be enough to supply the u.s. mint and the Jewelry makers and miners will not even bother pulling it out the ground at 1,050 or less. the lowest I see it going is 1,130 and I don't see it going that low either

yes them are good months for metals but when things change it does not matter what is normal the low in 2015 was December. I do not think it will go under $1100 this year but it will next year it will, but lets watch overseas they are at the edge not sure how fast things will move this time but no matter what it is a good time to buy even if it goes lower.

jmski52

Different forms of precious metals have different buy-sell spreads, and different premiums. The buy-sell spread is not the same as a premium. Both the buy-sell spreads and the premiums vary with the market as the market fluctuates up & down.

When you buy, there is no good predictor for what the spreads and premiums are going to be when you decide to sell. Sometimes the spreads will shrink, and sometimes they will widen. Sometimes the premiums will increase and sometimes the premiums will decrease.

The best approach is always to shop around - both when buying and when selling. If you're into market analysis and are good at it, you might benefit from tracking spreads & premiums but for the most part you are better off just buying what you like and getting a good deal based on the current pricing from various sources.

P.S. - it's also a good idea to cultivate sources that are both above board and reliable when buying and/or selling.

derryb

Pay the little extra for quality.