Is it difficult for you guys to buy at this level?

PreTurb

Gotta admit, tho being a fan of dollar-cost-averaging, it's tough to pony up at these prices (but I'm still doing it)... What say you?

goingbroke

When it gets to $9.00 I will buy heavy!

roadrunner

Last time I bought gold bullion was in 2009, silver bullion goes back to 2008.

Don't know if or when I'd buy more. Most of my buying since then has been in generic gold and mining stocks. The mining stocks and the smaller denominations in generic gold still seriously lag the bullion. And who knows, it may always stay that way from here.

roadrunner

greghansen

Last silver buy was when it was struggling through 20. Actually doing a little (10%) selling here. Hope my first sale is my 'worst' sale.

gsa1fan

If I sell coins I buy bullion.

Konahead

Still stacking just in smaller amounts during pull backs. Hoping for one in the next few weeks.

tydye

I have cut back on silver since it hit $20. Doing a little more gold right now.

Ciccio

<< <i>I have cut back on silver since it hit $20. Doing a little more gold right now. >>



+1

Meltdown

I've added a bit of gold recently as well. It's tough for me to purchase silver right now, but yesterday I bought two 1-oz rounds.
As I'm walking to my car, $50 poorer, I couldn't help remembering when I first started piling I was getting 2 for $20.

I am hoping to purchase an original roll of 1983 Onza's tomorrow though. The seller is a bit reluctant to sell
becuase they are soooo darn cool in the original paper.

CaptHenway

We had somebody buy 15 100-gram gold bars today.
(That's 48.225 tr. oz. for you Americans)

DrBuster

I got a couple of the AGE proofs, but that's been it since maybe august. Still want more, just have had a lot of expenses pop up, will probably hit silver if it pops around $20 on a dip though. And I still have possession of some $5 silver...waiting for a truck fixit and wedding and reunion break I guess.

rpw

I have bought 90% coins and SAE's this month as I try to do every month. That's the discipline that makes dollar cost averaging work.

ocon4008

Just bought ten 1 oz. englehard bars, roll silver 2009 SAE ($23.5 each) and five 2006 1/10 oz. gold liberties ($130 each).

Ciccio

<< <i>Just bought ten 1 oz. englehard bars, roll silver 2009 SAE ($23.5 each) and five 2006 1/10 oz. gold liberties ($130 each). >>



With those prices I would buy too!

calleocho

I Sold all of my second rate silver....war nickels , 40% halves, foreing silver, a good chunck of my 90% and a few sterling items as well.

Now i am down to silver eagles, engelhard bars and some 90%.

Weiss

<< <i>I Sold all of my second rate silver....war nickels , 40% halves, foreing silver, a good chunck of my 90% and a few sterling items as well.

Now i am down to silver eagles, engelhard bars and some 90%. >>



I think it's a GREAT time to clear out the clutter. Odds & ends, bits and pieces in favor of premium stuff. I've seriously considered it myself and may if these prices hold or climb any. And some of you know I don't sell. Ever. So take that how you like it.

As for buying? Yep. $5 half eagle today, that Credit 1/4 ounce earlier this week.

Justacommeman

<Is it difficult for you guys to buy at this level?>

Not at all. It's the dollar shrinking in value that is causing pm's to rise. If anything it should give you comfort that you are turning in shrinking dollars into hard tangible assets. MJ

Mesquite

I agree with MJ.

edmundfitzgerald

<< <i>We had somebody buy 15 100-gram gold bars today.
(That's 48.225 tr. oz. for you Americans) >>



Precisely. Why is this level any different then the 900 level ? Is it because gold shot up
from 1150 to 1350+ real fast ? OK, then let it cool off a bit down to around 1250 and let
the buying begin.

gsa1fan

<< <i>

<< <i>I Sold all of my second rate silver....war nickels , 40% halves, foreing silver, a good chunck of my 90% and a few sterling items as well.

Now i am down to silver eagles, engelhard bars and some 90%. >>



I think it's a GREAT time to clear out the clutter. Odds & ends, bits and pieces in favor of premium stuff. I've seriously considered it myself and may if these prices hold or climb any. And some of you know I don't sell. Ever. So take that how you like it.

As for buying? Yep. $5 half eagle today, that Credit 1/4 ounce earlier this week. >>



Trading or swapping for up grades is not selling

dontippet

I've slowed down, but still buying.

percyb

Been adding to my position...and stepping it up as we approach economic armagedon. Jeez this is frightening.
Talk to people on the street. Biz is bad and $ is worth less and less.

fishcooker

Yes it's tough. I used to budget $1000 and go buy *6* rolls of silver eagles.

halfhunter

DIFFICULT ? ! ? !







It hurts like HELL ! ! !

But since I'm addicted to silver, I bought a tube of ASEs at a small show last weekend for $500 . . . Just to quell the shakes . . . OUCH ! ! !



HH

MMR

Yah its hard. Because I have run out of money!

CaptHenway

Remember all the hesitancy when gold got back up to $800 and silver went over $10?

piecesofme

I sold almost all of my PM's, mostly .999 & 90% silver, because I was convinced $24 was the top after bouncing and retreating off it 4 times in the last week...then today happens. Theres a coin show Sunday and I'm debating if Im a buyer or to sell off the rest of what I have. I am the definition of torn right now.

OPA

I'm still buying silver art bars, but only those with a numismatic value build in with their bullion value.

Amigo

I may be a fool, but I purchased 350 oz today. I tried buying 2 monster boxes Tuesday, but the private seller backed out. Over the next couple of weeks I will be buying by the wheel barrow. I think we'll be seeing it break thru 25 oz and hold in the next couple weeks. I'm loading up before it hits 30 oz. I think it will happen sooner than most think, I just have a freaky feeling about Silver that I haven't had in several years. I just don't see that we're anywhere close to a bubble yet. The price is more than justified based upon the underlying problems in the economy. I don't know of anyone in my day to day life, besides me loading up, certainly not the common man. We're a long ways from a bubble IMHO. I think it will hit 30 before 20.

On the other hand, I did clear out most the odds and ends. Nickels / 40 percent and foreign coins. Too hard to keep track of and need to make room for the better stuff.

Edited to say .......
I'm far from an expert and not nearly as knowledable as most on the boards here. I'm operating on my own opinions and gut instincts based upon life's experiences. Don't follow me in the Lion cage unless you're willing to loose money as well as potential to gain 20% over the next couple months.

HalfStrike

This still doesn't feel like a top in prices yet to me, we haven't even hit the Fed induced inflation yet. Inflation right now is under 1% and the economy grew less than expected so they will do more quantitative easing which boosts prices.

I have most of my "silver" in liquid assets so I can sell when the stock market is open, I would go into as liquid silver as you can get to sell quickly if this is speculation. If it is a buy for dollar destruction then buying at $20 or $24 won't have much difference in the end.

PS The Fed meeting next week may be a turning point though, if they go with QE2 less than expected silver and gold may pull back, if they go with more it may hold prices or even boost them. That is why i say be ready to trade if one is nervous.

edmundfitzgerald

It is difficult for me, because I feel we're going sideways for a few months. On top of that we have the upcoming
elections, which may result in a stock market rise, along with a PM pause.

OPA

Not that difficult to find bargains on eBay. Lots of sellers don't know how to list their PM's. Just picked up a 3 toz silver medal for $62.50 + free shipping.

roadrunner

I sold almost all of my PM's, mostly .999 & 90% silver, because I was convinced $24 was the top after bouncing and retreating off it 4 times in the last week...then today happens. Theres a coin show Sunday and I'm debating if Im a buyer or to sell off the rest of what I have. I am the definition of torn right now.

Silver has a lot of strength and is bouncing back to test the $25 level. It may even surge past it a ways. But these cup type formations almost always need to have a pullback or consolidation tacked on to them, even if it's just sideways movement over time. Just note that gold and copper are still a ways away from their previous peaks. Silver doesn't usually go on alone.

I don't agree that 90% is just "stuff." It's very recognizeable among Americans and the chances of it being fake are pretty slim. The premiums on 100 oz bars have shrunk. And 90% coins are far easier to use vs. large bars if that time ever comes. Old silver dimes will be much easier to use that ASE's. Though admittedly, the chances of ever having the need to use them for change in bartering still appears slim at the present time. But never say never.

roadrunner

KUCH

Still buying on the dips. Picked up 1 oz JM bar last Saturday for $24 at local B&M. I still haven't pulled the trigger on moving some stocks from TECH and Health Sector to Gold stock. Looks like Republicans will do well on Tuesday, if so, I expect a jump up in the stock market, so I'll wait for that event. Going to Gold sector soon. I've been selling stocks for a year, taking some profits, making other investments, up 20%

agentjim007

we have a local bid board that has weekly auctions. closes at 2pm and you can hardly get near the board. They go crazy over a cleaned 2c piece but circ $'s sold yesterday for 17/18 dollars. I picked up a limited edition Chicago Bulls set 3-1oz .999 rounds for $21 an oz. I buy when I can get good deals.

jmski52

I buy PMs as a store of value, and usually when I've accumulated enough cash. The price isn't a huge factor unless I think I know something that gives me a good reason to speculate or to time the purchase. PMs are my savings/retirement account. I feel much more confident about my savings than I did when I owned stocks & mutual funds as my primary assets.

Frankly, I can't wait until the next time that I have enough money together to make a purchase worthwhile. It blows my mind every time I track a BU roll of silver dimes on ebay that sells for $80 or $100. Who ever expected that?

I love the itch of having enough cash so that I can go shopping for some PMs, because then I get to start sifting through all of the possibilities for that special deal that will come back to pay me handsomely when I need it most.

It's a nice payoff when you start by looking for financial stability and then discover that you've actually been doing the right thing all along. Difficult to buy at this level? Nah, it's all relative when the dollar is the problem. Don't lose your focus.

Baley

I always keep buying into asset classes that have had multi-year bull runs.

every time, I hope "this time it's different" and that asymptotic growth in values will continue indefinitely

one of these times, I'm going to be right

Justacommeman

<< <i>I always keep buying into asset classes that have had multi-year bull runs.

every time, I hope "this time it's different" and that asymptotic growth in values will continue indefinitely

one of these times, I'm going to be right >>



It's quite possible we are in the bottom of the third inning. MJ

johnny9434

<< <i>When it gets to $9.00 I will buy heavy! >>



ill second the motion

morgantype

I know it doesn't really matter but part of me just hates to but silver rounds for 23/24. I shifted most of my silver purchases to circulated silver dollars. I just feel better paying 18-20 per coin. I think the downside may be a bit less here.

Think is the operative term. Also, I am sure there is less upside unless silver really pops to about 30-40 bucks.