If You Were Me...

I don't know why the spot price would really matter. If you'd enjoy having the coins, buy them now and don't look back. Lets say you wait and Silver drops 10% which is a big move. That's 3 bucks a coin you saved but you didn't get to enjoy them while you waited. If you can't get a couple bucks worth of enjoyment out of the coin why buy nice stuff at all?

Truth is, no one knows how to time the market and I assume it's efficient for all intents and purposes. All available knowledge is priced in and when something new occurs that information is processed and the market responds accordingly. We don't know if the economy will add 300,000 new jobs next month and the price will drop or if Syria and Israel go to war and the price jumps. If I want it and can afford it, I buy it. Maybe I'm a sucker for doing so, but no one I know whose hobby is fishing waits for the price of gas to go down so they can take their boat to the lake.

Lows 30s right now isn't a bad place. Its not much of a difference from high 20s and of course if it dropped back down below ten youd be able to buy several a month so that really wouldnt be so bad now would it lol. Id stay away from high 30s for spot and anything over 40 barring changing circumstances

Awesome. Thank you guys very much for the help.

Well I was going to buy silver in 2000, but I thought $5.00 an ounce ? I'll wait. Then I figured 2005 would be a good time to jump in, but really ? $7.50 an ounce, I'll wait for a better price.
Then 2009, 2010 rolled around and it was time to jump in, but $15 then $20, I'll wait until it gets back to around $10.
Thought about it again this morning, $32.50 ? Oh it will go down to the $20's again I'll wait.............right ?


(I actually just topped 40 oz )

If I was in the market to buy bullion I would buy bars. They have the lowest premium and at current prices seem ok.

If I liked the design of the Silver Eagle (and I do, I collect Walking Liberty halves) I would buy those and not worry about spot. The premium, shipping, and tax (where I live) are more problematic then spot.

Lately I have started buying more Morgans and Peace dollars. You can pick up AU/BU common date coins for $30-$45 each and they are nice to look at with a lot of history included.

Honda- couple of thoughts for u

Silver if that's what you are looking for starters.

if we lose 31 we would start a grind lower into 30ish perhaps grinding to upper 29ish area.

so I would buy any until 29ish see if that area is violated first. the caveat is there's a lot of free air below if it starts to grind even lower. so the coming days are going to be key. 30 is going to be a major number and everyone is going to be eyeballing it so should be interesting.


Anyways. I hope that helps to give you an idea of what to look for in the coming days, weeks. none of this stuff happens immediately.

TO me tho, the price action is getting to close to its yearly lows. Not to mention that even after the Fed has and continues to essentially print money, the markets turned their backs on PMs. If we do end up hitting yearly lows it could and would confirm a downtrend on the price....but we'll wait and see on that... the more a certain price point is touched, whether up or down the more likely that it finally gives in.. so lets just wait and see longer term, ima not into predicting because anything can happen.

In any case, no matter what I plan on buying proofs of silver and gold every year and collecting world bullion. so no big deal to me.

so now I would like to offer up some suggestions just a few random thoughts-

I think, and this is just a suggestion only. But I think we get these lower prices, I would start by perhaps skipping the silver eagles bullion and shop around for US Mint proof eagles, or US Mint uncirculated silver eagles. Now I know a lot of folks are going to say you are dead wrong and you cant get enough silver doing that.. but my thought is, give yourself some cushion by getting proofs so you aren't just tied to the price of silver alone.

I would also throw in Pandas, provided you get them from a reputable dealer and maybe wait for that last issue of those Canadian wildlife coins, again the reason being get something with limited mintage to give you cushion. ... perhaps ima thinking quality over quantity.

but don't rush in yet in the coming days, should it flush give it a day or so before picking something up.

My current spot is $25. Until then I am saving up. Waiting until January 15, 2013 to change my mind.

To quell my silver urge, I have been browsing ebay for a single 1 ounce silver bullion each week.

Good point Hondo, to me that makes it easier to decide when a good time to buy is. You cant really go wrong at the pricing right now. If it crashed the loses wouldnt be bad for a small amount of silver, and youd more than make up for it with the extra coins you could get for the same price. Worse case you could just buy some extra to make your money back next spike. The ups and downs are more of a concern for investors and the large purchases where you really could end up out a lot of money.