Do you buy a lot of PM's at these prices??

ChrisRx

Apparently a lot of people do. I don't get it.

gsa1fan

Current, yes! I don't think they will get cheaper for a while.

calleocho

I usually spend the same dollar amount ...sometimes i get more metal, sometimes less.

ProofCollection

I buy at all levels. You never know when this is the last time you'll buy at this price.

Mesquite

If you think it has topped-out, don't buy. I don't think it has topped out.

coynclecter

My limit was 700 on gold and 13 for silver. Glad i filled up the truck when i had a job.

renman95

Today I added 5 ounces at $20.02 per ounce...of silver. A little here...a lot back then.

HonoluluDude

I think the correct question should be: how much longer will (physical) PMs be available to buy?

derryb

Buy the dips, when you can find them. Bing cashback on ebay keeps the cost down.

mercurynut

I am haveing a hard time buying at the current leves. I seem to add when I can get it a $15 or less delevered per ounce.

secondrepublic

<< <i>My limit was 700 on gold and 13 for silver. Glad i filled up the truck when i had a job. >>



Funny, that's pretty much when I stopped buying, too.

BigMoneyLewis

I think as long as the price is below $ 20 oz , you should still grab all you can get .
These days wont be around too much longer . Think about it this way , when you buy silver,
you are buying something that WILL , at the VERY least, hold it's value . It's a 100 % sure bet .
Another sure bet is that the U.S. dollar will continue to weaken . The dollar has lost 96 % of it's buying power over the last
100 years . This trend WILL continue. It is non-reversable . So, therefore, a new car cost more now than 10 years ago,
and will cost more 10 years from now , an oz of gold or silver cost more now than 10 years ago, but will cost a heck of a lot more
10 years from now. The metal does not even have to increase in value, all that has to happen for PMs to increase in U.S. dollars is for
the dollar to continue to decline, which it will . So, as long as the U.S. dollar hangs in there, we Will see $2,000 plus gold,
and $ 100 plus silver . Their is no way to avoid it (other than market manipulation) .

The ONLY time PMs drop is when some media bozo says the dollar "strengthened" which is something it can not physically do
anymore, or unless their is manipulation . That's it . When you have over 12 trillion in debt, (and almost 100 trillion in promisses
that are going to come up due over the next few years)and only about 800 billion in actual physical paper money exists, and your debt increases several billion per day , and your money is backed by absolutly nothing , and every money system in history that was not
back by a tangible assett (gold/silver) has failed , and , well, you get the picture .


The day is not far off that you will not be able to buy ANY physical PMs anywhere near the numbers you see today .
Your plan should always be buy and hold . Never sell any , no matter what . Stop dumping your physical back on the market
just because the price went up a dollar or two.

Lewis

mhammerman

"I think the correct question should be: how much longer will (physical) PMs be available to buy?"

Hummmmmmmm...Dude, timely question.

MillerJW

Silver does seem to be getting harder and harder to find. And it sucks that i just started buying. But i guess if silver does skyrocket buying at 13 or 18 really wont make much difference...

AgBlox

I put my buying on hold a while ago hoping PM's would drop dramatically even if manipulated. I just can't get over the fact that mere months ago silver was $9/oz & gold $800. Starting to think I missed the train now. I'm still not 100% convinced either way. I will sit on the sidelines for now and only pick up silver I know carries a nice premium when I can get it close to melt. That way when/if it drops back down I will be able to sell the collectible silver for a premium and purchase Non premium silver with the proceeds. In the meantime I'm trying to fill a 7070 for something to do . I'm not holding Nearly as much gold, silver or plat as I like but at least I was able to pick up a decent amount of Pd before the price jumped.

ttown

The real question is how much longer before a VAT tax is placed on PM's like most of the world. There's money to be made by good old Uncle Sam he wouldn't want you to make much of a profit and like you to stay in dollars.

If I were starting now I'd buy silver on the dips and average. When gold was $850 in the 80's silver was $50, the ratio is way out of balance so gold needs to drop (I doubt) or silver going to rise.

Cladiator

<< <i>I usually spend the same dollar amount ...sometimes i get more metal, sometimes less. >>

Ditto.

Wolf359

<< <i>The real question is how much longer before a VAT tax is placed on PM's like most of the world. There's money to be made by good old Uncle Sam he wouldn't want you to make much of a profit and like you to stay in dollars.

If I were starting now I'd buy silver on the dips and average. When gold was $850 in the 80's silver was $50, the ratio is way out of balance so gold needs to drop (I doubt) or silver going to rise. >>



I don't see it happening here.

ttown

<< <i>

<< <i>The real question is how much longer before a VAT tax is placed on PM's like most of the world. There's money to be made by good old Uncle Sam he wouldn't want you to make much of a profit and like you to stay in dollars.

If I were starting now I'd buy silver on the dips and average. When gold was $850 in the 80's silver was $50, the ratio is way out of balance so gold needs to drop (I doubt) or silver going to rise. >>



I don't see it happening here. >>




There already discussing it:

VAT attack! More on Obama, Pelosi and the value-added tax

jmski52

I don't get it.

If you don't get it by now, you should probably keep buying stocks and/or T-bills instead of pms. You'll still have alot of company on CNBC.

Silver could drop to $8.00/oz. Yes, that's true - and it could also go to $35.00/oz. - and stay there - quite easily.

Somebody needs to buy US Debt in order to keep the economy from cratering. If you don't think pms make any sense, go for it.

sinin1

I would rather have PM's than US cash


as the dollar has no where to go but down in my opinion




I read that gold has gone done 5% in last 6 months in terms of AUS $

MoneyCollector

If you're trying to make a quick buck on PM I have no opinion.

If you have some extra cash to invest for the future and don't need it any time soon, IMHO you should put some percentage into PM.

If you regularly invest for the long-term, IMHO you should put some into PM on a regular basis regardless of the price and shouldn't be worried about fluctuations.

IMHO, it makes sense to diversify and if you are truly investing long-term PM are a no-brainer. Do you really think you'll be able to buy silver at $18/oz. in 30 years? Heck, had lunch with wife and 2 kids at sandwich shop and it was $32!! Just wait!
At some point, investing is not only about return but safety too. Its nice to know I can take a little piece of metal down to my local coin shop and get cash if I need it.

Randy

1jester

I've said it before and I'll say it again; I'll be a strong buyer at these incredibly cheap rates (below $50) or even higher.

coynclecter

If you look at the closed auctions on Ebay you'll see that anything close to $20 an ounce has sold. Only one in 10 items go unsold and thats usually some fool wanting 25+ and ounce or so. This is a real rush into silver.


Bulliondirect.com still has some 100oz engelhards at 1820 or so

OnlyGoldIsMoney

Most certainly yes. My purchases (mostly gold) started in March 2009. I bought whenever I had the funds - it did not matter if the price was $880 or $1,060. The current spot price makes me glad I didn't hesitate. If I had just waited for dips I would have a lot less stacked now.

Since August 2009 I have focused on silver. I should have bought aggessively when silver was under $15 as late as early September. Instead I was loading up on gold. I think silver still has a long way to go. That is why I am adding to my silver stack as much as I can while I can. Ebay Bucks and Big Crumbs allow me to shave off a much appreciated 60 cents an ounce.

jmski52

I am greatly "over-weighted" in pms by any standard and even now - I cannot think of another asset where I would feel better about putting new money for the intermediate-to-longterm.

I really can't see getting into an equity position in stocks. Ostensibly, it's ownership of a company, but in reality - stocks are just two more layers of special interests (corporate management and stock brokerages) between me and my money.

In this volatile environment, I want to keep it close to the vest. Does anyone here have any better ideas that offer some chance of appreciation without a huge risk? I'd like to hear them, and the reasons as well.

Weiss

I have a very hard time buying at these prices. Give me a chance to get acclimated. If prices stay this high for many months, then I'll be back in the swing.

ChrisRx

<< <i>I have a very hard time buying at these prices. Give me a chance to get acclimated. If prices stay this high for many months, then I'll be back in the swing. >>



So there is SOME sanity here. I just don't understand why people wait until gold goes over $1000 to buy lots of it. For those saying it is still a good buy then how come even more people are buying it now? Was it not a good buy before? I understand your arguments on why you would buy gold I think its great to add to a portfolio but I would not dish out large sums of $ to buy loads of it just because it went over 1k.

MillerJW

Its not that i didnt want to buy silver or gold before, its just that i couldnt. Just recently i have payed off all credit cards and bills, and now have money to invest and save. It didnt make much sense before if i was paying out the butt in intrest charges. Maybe there are just more new buyers???

ksammut

<< <i>

<< <i>I usually spend the same dollar amount ...sometimes i get more metal, sometimes less. >>

Ditto. >>



Add my ditto.

Norseman88

<< <i>

<< <i>I have a very hard time buying at these prices. Give me a chance to get acclimated. If prices stay this high for many months, then I'll be back in the swing. >>



So there is SOME sanity here. I just don't understand why people wait until gold goes over $1000 to buy lots of it. For those saying it is still a good buy then how come even more people are buying it now? Was it not a good buy before? I understand your arguments on why you would buy gold I think its great to add to a portfolio but I would not dish out large sums of $ to buy loads of it just because it went over 1k. >>



While very bullish on precious metals (especially Silver) I also have a hard time buying at these levels as I've seen JP Morgan chase continually pile on the shorts before when it was running which eventually killed the rally.
It definitley was easy to see how undervalued it was 10 years ago when I really started buying 90% and .999 bullion but even last spring when Silver got down to $10-11 I was eagerly buying what I could afford. Now even though I think Silver will eventually take out it's old high of $51 and possibly the inflation adjusted high of $135 I can't forget how the shorts drove the price down after each run to the upside creating a better buying opportunity.
The one exception to the rule would be if a rare or unusual Silver bar were available for close to melt, in this case the downside would be limited by the collector value.

streeter

The first of the year is coming up. A lot of dealers might want to start clearing out the deadwood for inventory on dec 31.--- and when I went into a shop monday I bought ( a lot of) 2 coin sets of modern commems for 17 per set. Figuring that I can get a couple of bucks for the 50 cent clad halfs.....My cost was about 15/oz.

worked for me anyway. And the dealer too. In todays market, I figured it was a gift.

MilesWaits

A little....Cause I ordered a 2010 2 OZ. Aussie Gold Tiger a week ago and it is now at spot!!

How often can you hope for that?

Usually in reverse.

Miles