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 Replies: 13 / Views: 1,303 |
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Pillar of the Community
Canada
1723 Posts |
Curious who is buying gold with QE3 underway and looks like this could be the start of the next run up over the next year? If I had the funds I may have bought, but instead I am selling my 1/2oz gold maple. After owning it, just not the same gratification as silver. Besides selling mine is a way to clear up old debt, start new hobbies and if I'm good, a bit more silver.
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Bedrock of the Community
13014 Posts |
Im on a hold on everything bullion right now until the panic buying calms down and start seeing where its really headed and not just reactionary buying
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Pillar of the Community
Canada
834 Posts |
I'm always buying, bought a few ounces of gold and about 115$ FV in 90% silver this morning.
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Pillar of the Community
United States
3670 Posts |
You long term stackers who can afford it like Swrbxxx it makes little difference to buy in the cheap times or higher priced days like now for gold or silver, as long term your goal is to get as much as possible and high costs will be forgotten and cost averaging will figure in. Will not even matter one day when prices are set at way higher levels....
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Pillar of the Community
 Canada
1723 Posts |
But what about little fish like me? What are they thinking. I'm a long term stacker who buys as much as I can but with a modest budget, things come up and I need to backpeddle a bit. I'm just so bullish that I havent found a balance yet. But even being long term, I also try my luck with the ups and downs and try to pocket an extra ounce here and there....but thats with silver. Like I said in OP, gold just doent excite me as much as silver does. Guess maybe I like it to be able to be parted off easier and have an actual stack of PMs and being small fish, silver is where I can play and still preserve as well as profit. Just thoughts, time will tell where I truly like to be.
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Pillar of the Community
Mexico
1304 Posts |
samsnate, you and I are in the same boat. I would love the portability of some small gold, but I just can't play in that league. I do good to get an ounce or two of silver every now and then...
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Pillar of the Community
United States
3670 Posts |
Small fish need to stay in the silver pond, esp with gold approaching 1800 per oz....
Maybe I am too bearish lately, but I just can't see paying 1800 per oz. with premiums and such....
Plus, if your a small fish then you probably can't get much more quick enough then say 1 oz., in which case if it did get up to 2500 miraculously on this run an you sold at the peak, you have only made a little over 500 bucks....
I will take that all day but not much in the bigger picture of things IMO....
I would say to all simply focus on silver if you gotta be buying right now....
Edited by Silverhawk74
09/14/2012 01:06 am
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Pillar of the Community
Japan
666 Posts |
though my favorite is SILVER,
I'm buying gold in 1/10 increments ... as soon as I see some affordable coin I buy it.
no matter what I do I have more cash than PM ...
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Pillar of the Community
 United States
2448 Posts |
 I'm taking a rest from both right now. I'm only buying those coins needed to fill a hole or latest boullion coin for the collections (ASEs). Last time I bought silver was when it dipped to $24. I'm selling gold right now.  |
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Pillar of the Community
1283 Posts |
I just can't see buying into this rally and I'm a longterm stacker to. I bought 10 eagles last week like normal but I just can't pull the trigger right now at 25X face.
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Bedrock of the Community
United States
36745 Posts |
I'll continue to buy. If you think the prices are high now, wait until you see next year.
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Pillar of the Community
United States
5853 Posts |
I'm hoping to see an end-of-year dip in both silver and gold like we had last year. If so, I'll probably do some serious stocking up. If not, well, I'll just keep enjoying what I already have...
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Valued Member
United States
89 Posts |
I mostly buy silver but have some gold. I'm looking to buy my first Saint Gaudens Double Eagle in the next month or so. The current price doesn't scare me much. It would have been cheaper to buy a couple months ago but last months price doesn't matter. The bottom line is, what you pay is market price. It doesn't matter when you buy it. It's always the same cost: Market Price. If you could predict the price enough to time your purchases then you'd be a very wealthy person.
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Pillar of the Community
United States
4008 Posts |
Quote:
Im on a hold on everything bullion right now until the panic buying calms down and start seeing where its really headed and not just reactionary buying Sounds sensible to me. It should because that is what I am doing too!  Quote:
You long term stackers who can afford it like Swrbxxx it makes little difference to buy in the cheap times or higher priced days like now for gold or silver, as long term your goal is to get as much as possible and high costs will be forgotten and cost averaging will figure in. Will not even matter one day when prices are set at way higher levels.... Lol, Hawk... your comment reminded me of a fellow who said on this web site that I was not a stacker. I guess in his lexicon, you HAVE to be of modest means to be a *real* stacker. Whatever. In spite of the fact that I can afford more expensive bullion, I still see no reason to pay any more than I have to. Being careful with money is how I got into this financial position in the first place. If I can do that, such as by buying the dips, why not get the max bang for my buck? I mean, it's not as if buying a few ounces will double my holdings or anything.  |
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Replies: 13 / Views: 1,303 |
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Posted 09/13/2012 10:34 pm
