How Do You Buy Your Precious Metals?

I buy during the week. Dealers seam to add an extra $1 over spot starting Friday afternoon. I buy a little every week and when I have some extra cash coming my way I try to time big purchase with dips.

Congrats, RastaTodd, and well done! That is no small feat. Glad to hear that she did so well and that the money you put into that venture was not wasted! I put two kids through college and it was a strain on the old finances, I can tell you. Worth every penny, though. Have plans for helping our two grand kids as well.

Good job on the 1-oz. bars as well. Adding to your hoard when prices are down is a good strategy. I did not buy any during this dip but will do so on the next one. I'm thinking that by mid-June there should be a good dip to buy into. I'm looking for $1500 gold and $25 silver at that time. Have no idea if it will happen but the powder is dry and the trigger finger itchy.

My PM buying has been a blend of buying the dips and dollar cost averaging into a solid position. I don't buy all of the dips but do try to buy when they come along. I usually get some silver on 3 out of 4 of these dips, though. At other times, I just buy when I feel like it and not because there is any strong reason to do so other than I like converting fiat into REAL money from time to time.

I bought some on the first 2-3 days when it drop, but not at the lower end, now that PM have creep back up somewhat I am basically even out. I got an email from APMEX that my Panda had ship out today, can't wait to check them out.

deja vu to what Ed_B said: Putting 2 kids through college is tough, for me 1 down 1 to go, and the second only have one more semester to go.
Congrats anyway rastatodd, we all made the right move in our kids futures investment, wish it weren't that tough. Is like going for a third mortgage!

I usually buy junk silver off ebay if I can get it at or just under spot

My daughter received her thirst for learning from her mother, while my daughter's thriftiness came from me. So I was thinking maybe to keep the stack growing I would purchase a ASE per month while stacking the cash for the dip. I look at it as a silver eagle savings account. Secondly, my 16 year old daughter just got her first job. As well as her first paycheck. I told her to invest in a small amount of silver. I hope that my advice to her will take. I wish I was at that age again. And some one would have open my eyes to precious metals.

So you want to save money up, while waiting on silver do dip to buy in large, if I am not mistaken?

What is your magic buy in number, while stacking one ASE a month along the way?

An your question of the thread, how do I stack....not really sure I could put a defined definition on that, I just take whims an sell often tryin to add a little to the overall stack....

I had just sold out back to square one in like January, even though I did have 10 oz. on the way in at the time, so down to 10 oz. at one point, an now I have got that number back up to 62 real solid oz. of nice silver bars, some old some new by mid May....

I would like to find a way into club 100 oz. of silver by late summer, with no CC debt, will see....

I very much agree. Sharing our values, experiences, and hard earned wisdom is one of the most important gifts we can give our children. This is especially true with money, which I think is one of the most neglected subjects when it comes to child rearing. Instilling the importance of savings, the rewards of investing, and the concept of delayed gratification in your children can vastly improve their chances of living a more comfortable life in adulthood.

I too like ASE's. The biggest downside to small PM purchases is that premiums, fees, and taxes can take a disproportionately large bite out of your wallet. I'm guessing you've got a local coin dealer who has good pricing and no additional sales tax?

I'm not saying it's right, but I don't have a firm "I'll buy in at X price." Rather, I look for opportunities across a number of silver products. For example, I prefer to stack ASE's. However, if I find a deal on a silver Panda from a reliable dealer, I'll buy that over the ASE because of it's trade potential down the road. I guess the idea is to seek the best value for a given point in the market. It's one strategy. There are many others.