| Author |
 Replies: 338 / Views: 21,538 |
|
|
|
|
Pillar of the Community
United States
5850 Posts |
Quote:
I don't know why but when I have tons of older silver dollars it just makes me feel rich. Really? I would have thought you would have preferred silver ingots to coins. Quote:
They really do look great. Just don't get attached to them so you can sell them when the time is right. Well, the plan is to hold onto them for the long term and pass them down to my son someday, so I'm afraid I have already gotten quite attached to them. Unless, of course, silver really does take off into the stratosphere some day, in which case I'll probably unload some of it. Of course, what do I know? I'm just one of those people who should stick to general coin collecting instead of buying PMs in the first place... |
|
Pillar of the Community
United States
667 Posts |
I just buy silver and right now I feel Maples have been a good buy. I have found that ASE's and Maples hold their premiums fairly well and have been faster to sell when I have to. The BU silver dollars I feel at this time have too much premium that you can not cover at this time if they are sold which means I need silver to increase far more to make the money I would want to. However if they fit your needs then they are right for you. Passing them down to your son is certainly a good plan for them. I know if I were your son it would make my day when you did that. |
|
Valued Member
United States
272 Posts |
Quote:
Silver is on the way back up in the short term anyway, as the best possible buying window was early this morning when it dropped to 26.26, and it is already back up over 27....
I agree, I'm in the process of moving some money from my regular account to my investment account to make a purshase and it didn't make it in time for this drop. Hoping to catch it low enough I can get it to my door at under $30 per OZ. |
|
Pillar of the Community
United States
3670 Posts |
It is ideal right now B Wagner at 27.52, which is not a bad buy in point IMO amateur as it may be, and again I am thinking long an short term, lol....
If it is around that or still under thirty I would still pull the trigger, but that is just me and everyone has to chose what to do for themselves, esp on such important choices....
I will keep looking for deals that fit my needs, even after it passes back up over 30 an oz., as the high premium items I got for are never cheap, not even these days....
|
|
Pillar of the Community
Canada
981 Posts |
|
|
Bedrock of the Community
Australia
21786 Posts |
The silver price is right on the 5 year trend line just now, so there is still of plenty of scope for the price to further decline, before a recovery.
|
|
Valued Member
United States
302 Posts |
Nice pile of shinies you have there Barry. You are making me drool. Quote:
The silver price is right on the 5 year trend line just now, so there is still of plenty of scope for the price to further decline, before a recovery. Can you post an image or a link to an image so we can see what you are seeing? Edited by mmerlinn
12/30/2011 03:42 am
|
|
Valued Member
United States
272 Posts |
Quote:
It is ideal right now B Wagner at 27.52, which is not a bad buy in point IMO amateur as it may be, and again I am thinking long an short term, lol....
If it is around that or still under thirty I would still pull the trigger, but that is just me and everyone has to chose what to do for themselves, esp on such important choices....
I will keep looking for deals that fit my needs, even after it passes back up over 30 an oz., as the high premium items I got for are never cheap, not even these days.... Looks like I missed my window yesterday waiting on the bank. At least now I have everything ready if silver dropps again. Besides, it gives me something to watch while I'm stuck over here  |
|
Pillar of the Community
United States
667 Posts |
There is never a window. You have to buy in small amounts not one large purchase, unless you are happy with the price.
For example the current price is one of the lowest in a year. It is not a bad price point to buy some. You may want to wait a day or two to see what the market will do then buy some more.
Try to spread out your buys so that you never risk all of your speculation at one set price.
Is today the lowest it will go? I don't know. Will it be higher or lower tomorrow? Again I don't know.
Don't be in a hurry and feel you have to buy. Here is my tip buy some today then wait to see what it does after the weekend.
Now you have a 50-50 chance of getting it cheaper or paying more come next week.
|
|
Valued Member
United States
264 Posts |
I did not lose any sleep about missing the low price of Silver this week. Interest rates are 0.25% now so I can afford to wait for the next two years until Silver reaches a point that I am comfortable with. The recent volatility just purged the market of the day traders and speculators, in my opinion. Next time, the drop should stay low longer.  If silver rockets back up to $50, I'll just buy a safe instead.  |
|
Valued Member
United States
272 Posts |
I agree there is not a set window, just a price I had in mind.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Interest rates are 0.25% now so I can afford to wait for the next two years until Silver reaches a point that I am comfortable with. I am curious. What do interest rates have to do with this?  |
|
Valued Member
United States
264 Posts |
@Ed_B Cash savings accounts, non-401K. Left the stock market years ago.
Now a question for you... Wish someone could direct me towards the documents for investing HSA savings accounts in Gold/Silver as well.
|
|
Pillar of the Community
United States
4008 Posts |
@rgathright... a cash savings account is a really poor place to keep money these days. Not that a lot of us have that many choices if we are not investing it somewhere. Interest rates are abysmal and likely to stay there for a while. Like a lot of people, I do not see cash as an investment but rather more of a short-term holding area for cash that will be invested shortly.
The last 3/4 of 2009 and all of 2010 were quite good years in the stock market. 2011 was a so-so year for many of us. I have a number of Vanguard mutual funds that paid 8-10% last year, so at least they kept up with the REAL inflation rate.
Can't help with the HSA at all. They were just coming in as I was retiring, so I never had one and therefore saw no reason to worry about their rules.
|
|
Valued Member
United States
421 Posts |
sweet bag of dollars! I too started to drool! I also love the other purchases you made the cc and the 21 look great!
|
|
|
Replies: 338 / Views: 21,538 |
|
First Page
Previous Page
Posted 12/29/2011 10:05 pm
