| Author |
 Replies: 99 / Views: 8,768 |
|
|
|
|
Valued Member
United States
370 Posts |
Was hoping to see it stay in the mid 30's for another week so I could pick up a few more ounces.
|
|
Valued Member
United States
458 Posts |
|
|
Valued Member
United States
497 Posts |
I don't have alot I sold some but I have a good amount for a YN. I was working on Franklins, Slq's, and about to start Barber's. Guess I'll just collect copper till the market slows. (who know when that will be.)
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Was hoping to see it stay in the mid 30's for another week so I could pick up a few more ounces. Yeah, I was in that position myself. My last silver buy was on 6/30. I got a tube of ASEs for about $38.35 each delivered. Was looking at buying several 10 oz. bars but did not pull the trigger quickly enough. Waited for a little pull-back that never came.  Oh, well... maybe later? We'll see. |
|
Pillar of the Community
United States
737 Posts |
Wish I had picked up more a few weeks ago. I lost sight of my buying a few ounces every week since I've been busy.
|
|
Bedrock of the Community
Australia
21788 Posts |
I am crying.
High silver and gold prices are slowly ruining my chances of acquiring some coins that I would really like to obtain for a reasonable cost.
OK, so I have perhaps 50 or so gold coins and maybe 2000 or so silver coins, BUT
I will gradually change my focus to copper and bronze coins. (again) (for a while).
I am a coin collector, and I kid myself that I may even be a numismatist.
However, I am not a bullion collector.
If I was a bullion collector, my collection would be in assayed bar form.
Where are we going? In the 1930's and 40's, gold was fixed at $38 per ounce.
Edited by sel_69l
07/19/2011 03:35 am
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
If I was a bullion collector, my collection would be in assayed bar form. Well, that's a great part of collecting PMs. The form that we choose can be quite varied. A lot of the bullion coins out there are very attractive and collecting and looking at them is an interesting hobby. For me, bars work well for the bulk buys but ASEs, Morgans, and 90% US silver coins work well for the small change.  |
|
New Member
Canada
34 Posts |
Hopefully those that were laughing actually sold their silver when it was climbing or else now that they keep losing value they are crying as silver keeps dropping.
|
|
Pillar of the Community
United States
4008 Posts |
Or, like me, their silver collection is their financial insurance and not to be sold unless dire circumstances require it.  |
|
Pillar of the Community
 United States
524 Posts |
Wow resurecting an old one here. I didn't sell much when it was high. Maybe $10 face of junk. Used it to buy some stuff I wanted. The rest is something to leave to my daughter so she will never know if I was in the red or black anyway. But I would say I'm still smileing. Bought some more when it was down that has already gone up in value. P.S.I did do that Peace dollar set recently. Going to be a while before I'm in the black on that one. |
|
Pillar of the Community
Canada
1723 Posts |
well when this thread was started I wasnt even involved yet. A year later after entering in the the low 40s and watching it dip to the mid 20's, I've been stacking up as much as I can....so I'm crying right now if it gets over 40...i want more. But I think were gonna see a small consolidation before it climbing up again. I think I may have to check out some tech charts, try and figure how to read them and then figure out the moving averages and resistance lines to see when my next sell point will be. Obviously thinking there will be a dip to buy buy in again. You know... that whole sell high buy low thing. I'm very cautious around 42. To me that is a high point and not buying until it breaches the 50 point I think. could be headed into uncharted territory here and I'm not really sure how to play this yet. Either way, inflated adjust price for silver todate is like $32.90/oz ish so 3 or 4 bucks above that to me is where the risk and the game really begins.
|
|
Pillar of the Community
United States
5855 Posts |
I'm in the same boat as samsnate -- I got on board the silver train when silver was in the $40s and have been attempting to dollar cost average ever since. Unfortunately, what has generally happened is every time I buy something the price drops further, so it's nice to see it finally going back up a bit even if it means I won't be buying anymore right now. Overall, I'm happy with my purchases. The one exception is perhaps the rolls of AU-BU Morgan dollars I bought early on at upwards of $60 each out of fear that if silver kept going up I would never have the chance to afford any. If silver gets above $40 again, I won't feel so bad, but right now it's hard not to think about how foolish I was... |
|
Pillar of the Community
United States
863 Posts |
I got lucky and didnt start buying untill silver was sub 35. I only really buy junk. my most expensive morgans were 30 each so I cant really complaign. if it hits 40 ill probably try selling a few of the bars that I have gotten in the past few months.
|
|
Pillar of the Community
Canada
3692 Posts |
I profit whether it's $20 or $50, so I'm laughing all the way! It'd be nice to see $20 again, but I think that at $50 people will start to realize what's up and all the good stuff will come out of the woodworks. What I don't like is those "we buy gold" places and I fear that it will begin with silver if it shoots over $50. I did sell junk at the $40 level, anything that was dateless or .500 fine or otherwise undesirable for me and bought up .900 fine and Au. I'm just waiting for gold to shoot up so I can convert some to .950 platinum.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
If silver gets above $40 again, I won't feel so bad, but right now it's hard not to think about how foolish I was... Two things, Barry. 1st, collecting bullion is more about ozs. and less about price, IMO. There could very easily come a time when having some silver or gold will be HUGELY better than not having it and where having it means the difference between making it through a terrible time or not. 2nd, you have some really nice stuff there with those silver dollars. They aren't making any more of those, so they could become quite desirable... and expensive. Never fret because you didn't buy in at the very bottom or sell out at the very top. It is not necessary to do either of those to make a lot of money. I have bought and sold stocks, bonds, and other investments hundreds of times and made lots of money doing it. Out of all those times, I think that I sold at a top or bought at a bottom about 2 times. There's no need to beat yourself up over when you bought something. You can't change what you did and the future price of silver may very well make this a moot point anyway. If silver were to go to $1000 an oz., would any of us really care what we paid for it? Probably not. |
|
|
Replies: 99 / Views: 8,768 |
|
First Page
Previous Page
Posted 07/18/2011 11:22 am
