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Should I?

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
My dealer has offered me another 100 oz OPM bar for $1900, about $.50 an ounce over spot as I type.

This is the same bar that I paid $1700 just 3 weeks ago, but that is unfortunately neither here nor there.

Would you buy at this price level, appreciating the relatively low premium out the door no shipping no paypal. Or is it too rich for your blood now?
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • bestmrbestmr Posts: 1,777 ✭✭✭
    If I had the $$ that wasn't tied up in anything and readily available, I would go for it.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • keepdachangekeepdachange Posts: 1,374
    pull the trigger
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • AgBloxAgBlox Posts: 744 ✭✭
    I'd pass but I also wouldn't take advice from myself. image I'm not sure where that leaves me on the subject.
  • ocon4008ocon4008 Posts: 1,703
    Eventually it will be a good deal, but try to negotiate. Afterall, silver spot is not there yet.
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    I heard a TV commercial yesterday promoting SILVER over gold. I think that may mean silver price will be dropping shortly, but of course, that is just a WAG.
    imageQuid pro quo. Yes or no?
  • DarinDarin Posts: 7,043 ✭✭✭✭✭
    Yes, you should.image
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭
    Myself I prefer the smaller bars. It is a good price IMO. Since I believe silver will continue to rise I'd go for it.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    if you think silver has potential and will increase further, why not pick it up?
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • fishcookerfishcooker Posts: 3,446 ✭✭
    I haven't bought, so you're safe to do so.
  • HalfStrikeHalfStrike Posts: 2,202 ✭✭✭
    I have a hard time trusting bars.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    why is that Halfstrike?
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  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I thought long and hard about it after posting, and this is what I came up with:

    Silver at $6 an ounce was a no brainer. I was able to pick and choose, and I'd like to think I chose wisely.

    At $9 an ounce it was a bargain. Bought what I could, when I could.

    But double a bargain and you're into expensive. And this would have been more than that.

    Maybe silver will hit $50 an ounce. Maybe $100. If it does, I'm sitting pretty. If it drops again, I'm down with bigger buys.

    Until then, I'll continue to do the prudent thing: steady dollar cost averaging a few hundred dollars a week.

    Starting with today's log on the woodpile @ $190:

    image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    good choice as well.
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  • CladiatorCladiator Posts: 18,041 ✭✭✭✭✭


    << <i>I heard a TV commercial yesterday promoting SILVER over gold.... >>

    I just watched a Monex commercial promoting silver on one of the major cable network channels.
  • jmski52jmski52 Posts: 22,838 ✭✭✭✭✭
    Starting with today's log on the woodpile @ $190

    That's kinda what I do - save the money until it builds up. When it gets to the point that I can make a meaningful purchase, then I start looking around at what to buy. If it doesn't seem right at that point, I just sit back and wait.

    Eventually, I get to the point where I can't stand it, so I pull the trigger. Usually, pricing has much less to do with the decision, and my cash position has much to do with it.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    Looks like you got a better deal... I'd take ten of those 10 oz over one 100 oz of the same producer... any day of the week.

    There's no way my local B&M would sell that 10 oz for that price, based on todays spot. I don't think he'd sell me a AMark, or a Apmex for $190 today.

    If he did... I know he'd charge me for the sales tax... then say he did me a favor.

    Peace.
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