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 Replies: 71 / Views: 8,591 |
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Pillar of the Community
United States
3670 Posts |
While most are running scared to the fences selling or trying to get out of pmz, I simply look at it 180 degrees different as now I can add pieces I never could before.... By the way already I am just one single 1/10th oz piece away from full oz. of platinum and I am back to 40 oz. of silver as I have added a slave queen round roll of 20 and an old pour ox 20.... Also some rare old gold in a high possible grade Liberty 10 dollar piece.... Yup I know what you are thinking stupid loss of money, but I see it like this.... As prices drop as you would swear by life they will indeed, so what if I buy in a bit high at these already bottom prices. I have a chance to add more then EVER before and if it does bottom out at say 4 bucks per oz. on silver and 200 on gold, fine I buy more then ever before and then have real chance to get rich when it goes back up.... Universal law-What goes up must come down and vice versa and NEVER in human history has gold or silver been worth ZERO and more humans lives have been taken over both the fore mentioned then one could add up on calculator.... I like doing what every one else is not and I will be the one in long run who wins perhaps, BARING my death before a recovery.... And if that happens again so what, my sig other and kid are set when I am gone.... Plus if anyone looks at what I bought and listed above you will see its premiums are WAY protected in the numismatic sense even the ox 20 cause the names ENGELHARD and J&M COMMAND respect and that is not ever gonna change.... Try and find a 1/10 plat on NON auction right now shipped short of 200 on an ebay buy it now and good luck cause it will not happen, case and point. And all the-"Pmz are done" camps of the world cant change that fact.... Edited by Silverhawk74
06/24/2013 11:38 pm
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Pillar of the Community
United States
3345 Posts |
All I need to say was already said. Thinking the exact same thing you were silverhawk.
Here I reiterate somewhat:
The more silver drops, the more I get to buy.
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Bedrock of the Community
Australia
21786 Posts |
I don't think that silver will bottom out anywhere as low as $4.
And I am pessimistic.
Currently, I see PM's as a buying opportunity in a trending down market.
Dollar cost average your opportunistic purchases in small amounts, as you see fit.
With this sort of strategy you have to be thinking longer term.
That's OK.
From what I have seen over a period of time here in the CCF, most PM investors just seem to accumulate,
rather than buy AND sell, as they see an opportunity that may arise.
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Moderator
 United States
14463 Posts |
not sure of shipping charges, but APMEX has 1/10 oz platinum eagles for $183.75 and off quality ones for $163.75 |
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Pillar of the Community
 United States
3670 Posts |
Yes I did see APMEX is sub 200 but I wonder if their ship is as well. For some reason my brain excludes APMEX auctions as if I view them subconsicously as the empire from star wars lol..... Basically I prefer do do bus in smaller markets verses buying from big corps, but that is just me.... Edited by Silverhawk74
06/25/2013 12:47 am
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Bedrock of the Community
13014 Posts |
If silver hit 4 bucks and gold 200 I would be very happy. We might not see 4 dollar silver but single digit is VERY possible. I know on APMEX web sight their shipping is high, like starting at 16 dollars no matter what I think their ebay shipping is cheaper but the product price is higher. I'm sure some things its cheaper to get on ebay and vice versa. |
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Pillar of the Community
United States
3670 Posts |
There is a place called moderncoinmart on ebay that I buy from great prices amazing stock, competes with APMEX prices and that aint easy.... I grabbed a gold 20 peso from them at 673.25. APMEX is best price at like 671 and change.... And I grabbed a 20th oz. 2013 gold panda at 94 bucks lol. Seems crazy to think one can find sub 100 gold coins now and half oz gold pieces nice random years at 673 and and quarter.... And I completed my platinum 1st oz. with a proof version from there as well random year coa and box.... I have hard time thinking I will lose at those prices down the road.... So a bit over oz of gold, exactly one oz. of platinum, and 40 oz. of silver added.... Edited by Silverhawk74
06/25/2013 01:39 am
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Bedrock of the Community
13014 Posts |
I actually really hope platinum crashes so I can pick up the platinum eagle set theyre doing with the changing designs theyre amazing.
Modern coin mart is quality place I've gotten stuff from them in the past. Silvertowne seems to be the best for finding cheaper graded 70s but their gold and silver prices dont seem to be very competitive at the moment for whatever reason.
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Pillar of the Community
Canada
834 Posts |
If silver dropped to $4 I would still be getting 40-150$ a oz for the engelhard/JM bars I stack.
Lately I find myself selling stuff that doesn't fit or items I have far to many of. I find myself buying alot more JM and Engelhard gold
And a ton more poured bars.
Let it go to $4 I think my investment into these bars are safe
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Pillar of the Community
United States
5841 Posts |
If silver bottomed out at $4, I don't know that I'd be backing up the truck, simply because I feel like I've pretty much purchased enough bulk silver at this point to last a lifetime. Well, maybe one more monster box, but that would be it, I swear! If gold bottomed out at $300, though, I would definitely go on a bit of a spree since I don't currently own much and would love to get some more. Even at the current "low" price of $1285, gold is too rich for my blood.
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Pillar of the Community
United States
1653 Posts |
I think the decline in PMs should be a wake up call to those who spent outrageous premiums for novelty bullion. Ultimately, your limited edition coin with a pretty picture in a plastic holder with a sticker will have a very limited market, and won't be worth much more than melt. Sell, while/if there are still buyers.
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Valued Member
United States
456 Posts |
With all due respect ArrowsAndRays, the 'novelty bullion' you speak of is holding up much better than low premium bullion at the moment with the decline in PMs. I see people bring up the 'limited market' argument quite often, but it doesn't hold up. Please provide an example of what you are referring to.
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Valued Member
United States
410 Posts |
Here is an example of a product that I believe will lose the majority of the 300% premium:  |
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Bedrock of the Community
13014 Posts |
The graded bullion ones sell for around 60-80 which is down from what it was and less than the numismatic versions. 60 seems pretty reasonable, they may have some more to go but seem to be popular enough to keep a 2 or 3 times premium
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Valued Member
United States
362 Posts |
If silver bottomed out at $4, my shrink would have me committed. He'd think I was on drugs or just losing it because I would just be mumbling buy, buy, buy, buy!  |
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Valued Member
United States
293 Posts |
JSH: The first Strike Silver Eagle MS-70. ABSOLUTELY! That's not worth a 300% premium. The whammy will be laughing all the way to the bank on that one. Buy the coin NOT the packaging and in this case somebody bought an expensive piece of plastic.
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Replies: 71 / Views: 8,591 |
Posted 06/24/2013 11:45 pm
