Any buyers at current price level?

Julio · December 12, 2011 6:13AM

I'm just watching.. Take care. jws

Wingsrule · December 12, 2011 6:23AM

Yes - I believe in DCA (dollar cost averaging). I buy whenever the funds are there, not just when I think it may go up.

I have some gold from ~$400 and some from ~$1700. I have some silver from ~$8 and some at ~$50. Win some, lose some. Overall, I am ahead of the game.

guitarwes · December 12, 2011 6:44AM

Just bought about $46 face of 90% locally last week and today. Looking for an upturn after the first of the year.

Kd5ddo · December 12, 2011 6:46AM

Im not smart enough to tell if its going up or down. Im a buyer every 2 weeks whether the market is up down or sideways... Dollar cost averaging and asset rebalancing are my good friends...

Kd5ddo · December 12, 2011 6:47AM

Oh, and this week was a kilo silver bar and some 90%...

LukeMarshall · December 12, 2011 10:32AM

<< Oh, and this week was a kilo silver bar and some 90%... >>

What kind of Kilo if I may ask?

Timbuk3 · December 12, 2011 11:04AM

Always buying and with both eyes open,"watching "!!!

OnlyGoldIsMoney · December 12, 2011 1:59PM

Yes - I purchased a few PCGS graded $5 gold commemoratives for my "Bought for Spot" registry set.

Twinturbo · December 12, 2011 3:13PM

<< 

<< Oh, and this week was a kilo silver bar and some 90%... >>

What kind of Kilo if I may ask? >>

Johnson Mathey
A very nice bar, but i had no spare change for it.

Kd5ddo · December 12, 2011 6:45PM

A JM kilo, my first. Most I've paid over spot for any of my metals. Took a while to convince myself but I've been a good bit this year stacking so Santa came early

LukeMarshall · December 12, 2011 7:17PM

Nice...

Sometimes you just gotta pay that premium for something that you like.

LukeMarshall · December 12, 2011 7:18PM

Oh yea, and I was a buyer on Friday....

Kd5ddo · December 12, 2011 9:21PM

Don't fret it. A dollar here, a dollar there ain't no thang in the long run...

Are you just getting started in metals?

tydye · December 12, 2011 10:12PM

I purchased a few rolls of eagles this weekend

LukeMarshall · December 13, 2011 2:01PM

<< Don't fret it. A dollar here, a dollar there ain't no thang in the long run...

Are you just getting started in metals? >>

I wouldn't say just getting into, I just don't really post all that much.

Gonna start contributing here and there though

pf70collector · December 13, 2011 9:06PM

No gold for me since 08 and in 2010 (loaded up on the Buch Liberties at $789) and 2 MOH Commems this year. I won't buy gold heavily at these levels. Sold some of my silver at $42 and $33(bought at $6-$9 levels). But I also bought in the beginning of the year when silver was at $30. Have more than enough PMs.

KUCH · December 13, 2011 9:23PM

I'm a buyer/stacker. Not selling on this drop. "Don't try to catch a falling knife."

Kd5ddo · December 13, 2011 10:34PM

<< I wouldn't say just getting into, I just don't really post all that much.

Gonna start contributing here and there though

>>

I've stalked the boards for a few years before I started posting fairly often. Im very glad I started... A wonderful knowledge bank, a wealth of articles, pictures to keep encouraging you, and some of the nicer people you'll post with...

jmski52 · December 13, 2011 11:30PM

I don't buy on a regular basis. I cost average when I buy, but most of my buys are done when I've accumulated some money, paid some bills and looked ahead for any upcoming expenditures.

I like to buy in larger chunks because it makes my accounting easier. Now that the metals are dropping, it's also like watching an opportunity develop. I don't have "enough" money to make a normal purchase at this moment even if I wanted to, so my cash flow is self-regulating because I'm not trying to "catch a wave". I will probably have enough firepower saved up by February - maybe I'll get lucky and then I can claim to be a market genius.

I really enjoy reading the great contributors here, even though I don't work in the technical realm of moving averages, gaps, triangulations, volumes and momentum. I tend to relate better to the "news", such as it is. I think that Dennis Gartman's recent call on gold was prescient, but I'd rather read roadrunner, proof collections and cohodk's comments than to hang my hat on the TV pundits.

I'm really watching platinum. Who ever thought it'd be almost $200 lower than gold?

Spooly · December 13, 2011 11:41PM

I just set up a bunch of "stink" bids for Silver puts, I have a feeling the market is going to gap pass my ladders.

Watch the dollar.

I have tightened up my stops on my S&P shorts.

I think the market is going to have a "Blue" Christmas.

DrBuster · December 13, 2011 11:46PM

Silver just went sub $30...I might go buy after work at the LCS even though I said I was done for the year.

silverstreak · December 14, 2011 4:25AM

Picked up a load of graded ATB's from APMEX close to spot. 40 of those five ouncers take some room but what the heck?

Wingsrule · December 14, 2011 4:52AM

It will be interesting to see how soon (if at all) the various items on the BST get repriced. If it's anything like the last big drop, it will take some time.

Spooly · December 14, 2011 6:45AM

I'm exhausted.....

Spooly · December 14, 2011 9:04AM

<< It will be interesting to see how soon (if at all) the various items on the BST get repriced. If it's anything like the last big drop, it will take some time. >>

It will take weeks..... everybody has to work off the denial of the price drop.

bstat1020 · December 14, 2011 9:56AM

I have already noticed people taking items completely off the BST. Reprice on the slightest move up but gone or nothing when it dips. Or still asking 36-38 bucks an ounce for common silver.

Oh well. People will/can do what they want.

silvereagle · December 14, 2011 10:28AM

No reason to re price when the price goes down. They probably figure people will Pm them with a lower offer since the price has fallen.

Either that or they feel confident price will come back up.

The price drop doesnt make sense anyway ( markets are often irrational in the short term but always rational in the long term ). Price drops because Dollar is up due to the fact that the Euro is collapsing. That shouldnt stregthen the dollar seeing as how its in just as much trouble as the Euro shortly down the road.

Yukoncornelius1 · December 14, 2011 12:49PM

I bought $20 face of full rim G-VG Barber quarters today at 21 times face, there were a few better dates like 1894-s, 1905-o, 1909-o, 1913 P and D in the group.

OPA · December 14, 2011 10:59PM

Just purchased a couple of 2011 Silver Eagle Rolls from APMEX...( just testing the waters)

yellowkid · December 15, 2011 1:29AM

Not yet, but I'm starting to think about it....

secondrepublic · December 15, 2011 2:14AM

picked up a common date UNC $20 Saint yesterday. not exactly bullion, but close.

Kd5ddo · December 15, 2011 10:34AM

I plan on buying this weekend. No particular reason why then and not today though... Maybe just because its the weekend...

1970SilverArt · December 15, 2011 9:46PM

I am going to check out the area dealers today to see what silver art bars I can find. I plan to go to at least 2 flea markets tomorrow to see what I can find. Hopefully, I will find something that I like for a lower price.

Baley · December 16, 2011 1:59AM

actually, I view this correction as very healthy for the precious metals market, and find it reassuring that support held where it did (so far)

I'll be doing a bit of buying, primarily to rebalance asset classes, as some of the non-PM investments have done really well as metals have stalled

I tend to buy old gold and silver with a numismatic component to the value

edit: so this time i did something a little different and bought platinum eagles

fiveNdime · December 16, 2011 2:36AM

picked up ~10oz of 90% yesterday

added: other than 2011 eagles, no other silver bullion in the store.

Kd5ddo · December 17, 2011 6:06AM

I am a buyer this weekend. Looking to pickup up about 200 in silver and a 1/10 eagle/maple...

jdimmick · December 17, 2011 8:47AM

Lot of buyers came back to the market to buy, problem is very little sellers. I dont have any thing to sell the buyers wanting to buy, becuase sellers not selling at current levels. Actually today , the first day since the drop i was able to buy about a dozen eagles, and appr 40 face of 90%.

Yukoncornelius1 · December 17, 2011 1:11PM

<< actually, I view this correction as very healthy for the precious metals market, and find it reassuring that support held where it did (so far)

I'll be doing a bit of buying, primarily to rebalance asset classes, as some of the non-PM investments have done really well as metals have stalled

I tend to buy old gold and silver with a numismatic component to the value

edit: so this time i did something a little different and bought platinum eagles >>

Every time platinum has fallen below gold it has eventually raced past gold so buying it here is a smart thing to do, in fact I purchased some platinum when it was around $1500 and now it's almost $100 cheaper.

HonoluluDude · December 17, 2011 4:53PM

Don't rush into silver just yet, $26 around the corner.

Is the bull over?

Any buyers at current price level?

Comments