Do you have annual PM goals or do you take advantage of the market and buy when it looks good?

mrpaseo

Just starting my stack this year I made a few goals, I am wondering what the normal practice if for those that have been at the game for a long time.

Right now my goals remaining are to add a 10 oz bar to my stack (My first) and two rolls of 2013 ASEs (My goal is two rolls per year and I have not purchased any rolls of 2013 ASEs yet).

Jinx86

Typically I buy a 10 oz silver bar or put in savings my overtime pay to purchase a 1/4 or 1/2 ounce gold every month if not twice a month. It helps now that Im working for a bullion dealer, as I get a small discount. I don't like to set goals in PM's, too many ups and downs in the market/life costs to take in account.

My latest pick is a 1904 $10 Lib that I pulled from an AU roll. Im sure its MS63, and intend to send it it. Nice that we bought it as AU in bulk and I buy it from us making the company a small profit. Sad that Im the only real coin collector working there, the rest of the people don't get the know the excitement of finding a rare coin in melt or poundage.

UNLVino

I have a total ounce goal of both AG and AU. Having said that, I also sub-divide some numismatic, intersting rounds, unique and pleasingly "tarnished" pieces. To me, no fun in stacking without variety, sometimes variety costs $$. I figure in the end it's a hobby in one respect, investment in another. Unlike some stock purchases I have made, value will never be zero!

DrBuster

I have my budget, depends what I blow it on to what's around. I have some ballpark targets for 90%, 999silver, and gold, but like the black chips at the casino if you keep putting them away they seem to multiply above those initial goals. I am unsure what has been lost in the boating accident to date though, metal from 6 continents so there is some variety on the sea floor somewhere.

The April drop was one of those 'looks good' times for me to dump a little extra powder over my usual allotments. 2011 was a good time to swap silver for gold. Opportunities are there if you look.

VanHalen

<< <i>Do you have annual PM goals or do you take advantage of the market and buy when it looks good? >>



I do not have annual PM goals. I buy when it looks good.

s4ny

If I see something I like, I buy it. Focusing on Franklin 50c and Peace Dollars now, but I
like nice ones, no worse than VF.

mkman123

no goals, just if I have extra money, get some gold or silver, whatever I can afford

DorkGirl

If you are just stacking, my advice is buy the cheapest ASEs you can find, regardless of the date stamped on them.

OnlyGoldIsMoney

Monthly I try to purchase 1 oz of gold and 100 ounces of silver.

Cash flow instead of market timing have mattered most up to now. At present prices I am considering larger than typical purchases.

tneig

Being 59.5 yrs old and recently laid off, I considered starting to tap my work retirement fund to convert to stacking. However on the Unemployment app, if asks if you plan to do that very thing? So, I figure that may interfere with any unemployment money coming in.

So I get a token amount of silver here and there when I can out of daily money. The balance is of buying now when I may need to resell in a short time frame?

PerryHall

I buy silver when I have a few dollars to spare and a good deal comes along.

yellowkid

I'm retired and past the saving part of my life, it's spending time now, and trying to make what's there last. I have my asset allocation in place and don't fiddle with it much. I sold PM's when they were much higher, and if they dropped 20% or more from where they are now I would add to that part of my portfolio. I've sold some stock during the last few months and have the money in cash, I like to keep a few years living expenses handy and when something has had a good run I take some of the table.

Steve27

When silver was $45/oz I sold the last of the bars I had and most of my 90%. Since silver started falling, I've purchased SAEs, five ounce ATBs, and 90% in the form of Merc dimes, SLQs, and WLHs. If prices continue to fall, I'll buy more.