Anyone buying PM's at current prices?

Julio

In a previous thread I said, I was, "watching," . I'm still watching. My gut tells me PM's will go down short term.

I'm watching but have not pulled the trigger quite yet. Take care. jws

mariner67

Yes. I continue to buy.
Experience has ingrained in me that timimg the market usually is nothing more than short turn luck before you get burned.
I continue to add a little regularly depending on what oportunities present themselves.
I do try to watch/be aware of long term secular trends however.
Also, it usually is best to not fight momentum.
But, I really know not(nor do I believe does anyone else) where the PM or other markets are going.
Your guess is as good as mine.
Good luck to us all!

nibanny

I am sort of watching too. I have added some platinum for the medium term (it seems so cheap), bought some silver for a quick flip (took advantage of the under-$29 level) and got some gold for my collection (premium is not an issue there)
Would like to see a big dip to add more silver and pile up more gold for investment purpose only.
MM

OnlyGoldIsMoney

I add PM's weekly regardless of price using current income. Instead of putting more cash into the bank I buy PM's. I consequently don't try to buy only when we see dips.

Whenever possible I add interesting poured silver bars plus $5 gold commemoratives for my registry set. Yesterday's pickup was five beat up ASE's at $31 each.

pursuitofliberty

yes, one small add to the stack at a time

I picked up 15+ oz of Ag Friday

bestmr

Trying but no one is wanting to sell me what I want for a reasonable price

DrBuster

Had the holidays off, sometimes unfortunately, but started back up this week. Lousy savings account or metal, I'll feed the pirate chest.

LukeMarshall

I added a good amount of 90% walking libs at 20x face this week. So yea I bought.

Julio

"Experience has ingrained in me that timimg the market usually is nothing more than short turn luck before you get burned". Mariner.

Agreed. That's why I go with my gut. . Take care. jws

Wingsrule

Buying.

At a show this morning and the only silver were 3 x 10 engelhards that the guy had since the Thanksgiving show, and some random Silvertowne bars. He still wants too much for them. Came home empty except a few AGE fracs in some older PCGS slabs.

Downtown1974

I was buying, but that will be slowing down. Not because of prices, but my wife got the bad news that her hours were being cut at the hospital. So...shes part-timing it starting in February.

Julio

"Buying". Wingsrule. Good decision IMO. Take care. jws

secondrepublic

Bought $40 FV in silver this week. So yes, I'm buying now and then. Silver is about 40% below its highs from earlier in 2011. I like that kind of discount.

Barndog

why stop buying? I'm not trying to time the market.

OPA

I try to avoid buying into the silver bear market - oops, the perma bulls are calling it a correction - until there is a strong indication that it has run it's course.

Julio

"I was buying, but that will be slowing down. Not because of prices, but my wife got the bad news that her hours were being cut at the hospital. So...shes part-timing it starting in February". Downtown1974.

I feel your pain. Bad news is never good. Take care, jws

piecesofme

same as the last time this was asked recently...only buying when I can get one heck of a deal, although I do continue to buy "premium" silver bars and some 90%, again, when I can get a deal.
I guess the short answer is, not buying at spot/melt values.

jdimmick

Speaking Locally, Buyers have come back to take advantage of the lower prices, Cant keep silver in the store both 90% and silver eagles, part of the reason is fewer sellers and more buyers currently.

This weekend I was at a show, and there were many folks looking to buy silver in quantity. First time I had seen this in a while.

jim

OPA

<< <i>Speaking Locally, Buyers have come back to take advantage of the lower prices, Cant keep silver in the store both 90% and silver eagles, part of the reason is fewer sellers and more buyers currently.

This weekend I was at a show, and there were many folks looking to buy silver in quantity. First time I had seen this in a while.

jim >>



That's normally a good sign of a potential rebound ... same holds true with the opposite.

Wingsrule

In a previous thread I said, I was, "watching," . I'm still watching. My gut tells me PM's will go down short term.

And they may. Right now, I am using funds that were generated when I sold some Ag in the low 40s and mid 30s. Did I know it was going to drop? No. Just had another use for the funds and needed to take some off the table. Sold a little extra at the same time. Even if it drops further from here, I am still ahead of the game by not holding during that $10-15 drop.

I don't try to time the market. I don't flip. This has a longer time horizon so I'm not worried about short term fluctuations.

Julio

"I don't try to time the market. I don't flip. This has a longer time horizon so I'm not worried about short term fluctuations". Wingsrule.

I would never willingly debate any premise stated. We are on the same page IMO. We are not alone.

Take care, jws,

Konahead

bought last week

mikeyg

Still stacking slowly but surely.When I can get it for about $2 over spot I buy 5 or 10 SAEs.Also a handful of oz s a week on e bay.

Coins101

I am buying, mostly when I see a deal.

pf70collector

Nope.

jmski52

I'd been waiting for some expected cashflows and now that they have materialized, I am buying some Plats that I needed. And some DCarr stuff.

I've been holding back on the year-end Mint stuff, keeping some powder dry this time around. Scoping out the possibilities somewhat selectively. I think that 2012 may be an interesting year at the Mint.

Wingsrule

Bought more today at just over spot.

Barndog

visited a couple of B&M shops today. One prices silver rounds at five or so above spot, so they had plenty in stock. The other is more competitive, so they were totally out except for some Harley Davidson 1.4 ounce bars

derryb

stocked up on last minute 2011 W $50 uncircs.

DUB

Just received 20 2011 ASE I got at $29.25 each. Figure the price will go up from here. If it goes down, I'll buy more and average out.

Timbuk3

I am. Dollar cost averaging !!!
Little at a time.

slinc

Sure little more today..$6 franklins 20x face

Yukoncornelius1

I bought a complete run of Kook's for roughly $7.50 over spot ($37) which I considered a good deal as APMEX and e-bay prices are nearly $60 each. Also bought 8 full rim vg barber halves for 22 times face the other day.

I constantly look for Panda's, Kook's and privy mark Maples if the price is right, also old 1 oz. art bars or unusual old poured bars for close to melt.

I am buying less silver now mainly because I have enough of it and have bought much of it years ago when it was dirt cheap. I will however buy a fair amount if it drops to the $22-24 range and some more if it drops into the high teens.

TheRegulator

I want to buy at these prices, but not with these premiums.

Seems like there was quite a dip in premiums in November which has completely vanished. Silver Libertads on eBay were routinely in the mid to upper $30s. Now they are routinely in the low to mid $40s. When you can find them at local shows, dealers want a $4-5 premium. I picked up a 1992 1/20 oz gold Libertad for $96 dlvd with gold at $1794 in November. About 10 days ago, a similar piece sold for about $123 dlvd with gold around $1635.

I will just continue to try to keep my powder dry and make disciplined purchases for close to spot when they can be found.

FistFullOfDollars

always buying new & old

DrBuster

Debating going to the store today.

Julio

I'm still watching. I'm happy with with my physical holdings at present. Right now if I was going to buy metal it would be copper but have no idea where I would put it.

I do strongly believe that pm's will run again but I'm guessing 3rd quarter. My situation at present makes cash king. So for now my powder is dry and I patiently await for that strong gut feeling. Take care. jws

Justacommeman

Still buying gold as normal. Clockwork.

Silver i'm happy with my 90% holdings. Collector stuff I buy 365/24/7 if I need it, want it and/or is priced fairly.


MJ

freechance

Picked up 8-10oz JM'S all consecutive serial #'s. thought it a rare find.

Wingsrule

Very

DoubleEagle59

Still buying too.

ksammut

Buy more each and every week.

Mesquite

Yes

Mockingjay

Yep