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 Replies: 21 / Views: 3,583 |
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Bedrock of the Community
Australia
21788 Posts |
I only use cash for everything, because I have always cash budgeted.
Much easier to keep track of all of your finances that way.
Never having a credit card must have saved me $ many thousands.
When I had a mortgage (paid that off on a single income, waaay back in 1982), I also had a cash budget for coins.
Not any more since then.
With cash only, if you run out before next pay day, nobody gets paid and you temporarily starve, but
that situation has almost never happened since 1982.
Hondo Boguss will never go broke. Small business (which are the backbone of the economy), love this sort of guy.
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Pillar of the Community
 Canada
5400 Posts |
Find what I can potentially sell for a profit ,
Write cheque ,get invoice . Never look back
Once purchased .
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Valued Member
Canada
66 Posts |
Look for the deal's always look for the deal's if it's not a deal today it will be soon unless it's a liberta then just buy it. Love the libertas lol
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Pillar of the Community
United States
4333 Posts |
Lots of disposable income the last 20 years. I buy the dips randomly, dry powder always available makes it painless.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3343 Posts |
Plan? Though when I look at it, there is a method to the madness, of sorts.
I always seek value, and do not buy what I can't pay for. No coins on credit. In the case of metals, it has been mainly gold for the last 10 years, especially collectable gold coins. I was affected by liquidating my dad's coin accumulation and finding that 95% of its value was in the gold coins.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/11/2023 09:41 am
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Pillar of the Community
United States
2049 Posts |
No set plan - just whenever I get the itch. I do tend to spend my tax return money on silver bars and coins and then some here and there throughout the year. it really depends on when there is a coin show worth attending within roughly a 2-hour drive.
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Valued Member
United States
314 Posts |
With premiums so stratospheric it's hard to make the case that metals are a good investment at this time. I don't understand this: US Mint 2022 silver oz sales 16mil, down 43% from 2021, gold oz 980k down 22% from 2021. Perth Mint sold 1.1mil oz gold, + 6% from 2021, sold 23 mil oz silver, up 21% from 2021. Does US have supply chain issues causing huge premiums? Why wouldn't Australia have the same problem? For me, I've restricted myself to purchases to the couple of times a year that my credit cards have a 5% rebate. |
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Pillar of the Community
United States
533 Posts |
the mint buys the silver planchets and from what I understand they have been having a supply chain issue with them. By law they can only pay spot for the silver and they only deal with specific vendors that can meet weight, purity, and size tolerences, plus the host of regulations that go wth selling to the government
the mint doesn't buy raw silver and make their own planchets
so like everything else the government does it does it badly.
Edited by jaxenro
01/14/2023 2:09 pm
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Valued Member
Canada
138 Posts |
Every year I buy 2 ozt gold and 50 ozt silver. All maples.
Also pick up old circulating gold coins at spot plus. If I don't have the type then I buy it.
That's pretty well much it for me.
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Pillar of the Community
United States
7055 Posts |
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Valued Member
United States
345 Posts |
I walk through my days, looking for opportunities ... as people "hear" that I love coins, they ask my opinion and sometimes it works out. OR, like april of 2021, when the bottom drops out of the price (Silver at $12-$13) I jump.
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Pillar of the Community
United States
2365 Posts |
Plan?  It's an addiction! Often times I wander off of my Wants/Needs Inventory list and just buy something because it "speaks" to me. Most times it's to continue a date series but, not always. I don't have a budget for them or anything. I just know when I'm ready for a "fix".  Edited by dsking
02/16/2023 12:06 pm
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Pillar of the Community
United States
562 Posts |
No plan, rhyme or reason, if I see something I like if I have the money I get it.  |
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Pillar of the Community
United States
4333 Posts |
Quote:
I walk through my days, looking for opportunities ... as people "hear" that I love coins, they ask my opinion and sometimes it works out. OR, like april of 2021, when the bottom drops out of the price (Silver at $12-$13) I jump. I believe you're off by a year, silver's April 2021 range was $23-$26. March of 2020 silver broke into the high $11's. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
676 Posts |
 I am like a kid in a candy coin store at a coin show!  |
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Replies: 21 / Views: 3,583 |
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First Page
Posted 01/11/2023 01:35 am
