Finally Crossed The 1000 Yd. Line

I started collecting silver in Oct. 2008. That turned out to be serendipitous, considering the PM crash coincided with my new-found interest.

At $11 for my first purchase, a generic silver 1 oz. round that copied the Buffalo nickle design, I know now that I was spoiled early by exceptionally low prices, which unfortunately didn't last long enough for me.

But I put every spare cent into the endeavor of collecting bars, rounds, ASE's, world silver, numismatic silver... essentially anything I could get my hands on, as long as it weighed around an oz.

On a pretty limited budget, I somehow managed to pass 750 ounces two years later. When prices began rising in late 2010, I couldn't justify adding to my stash, so I essentially quit buying silver for nearly 1 1/2 years before the bug bit again when silver dropped back to around $26 from the high of nearly $50.

Since then, I've scraped and clawed my way toward 1K. Finally, the last oz. fell into my lap, via USPS, today, an Australia 2003 $1 Kangaroo- Aboriginal Inspired Gilded UNC Boxed w/COA. Grand total: 884 coins, 1000 oz., at the cost of just under $30,000.

Will I stop now? Of course not. But my days of getting 10-20 oz. a week are long gone. Now, I'm thinking maybe 1-5 oz. a month, tops... unless I see the kind of deal that's impossible to ignore.

My next goal would probably involve about 20 ozs. of gold. But sadly, it will take a little doing, considering the cost per ounce and the high premium issue with fractionals. Stay tuned.