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 Replies: 20 / Views: 3,746 |
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New Member
United States
39 Posts |
Given what the market is at right now is 20.10$ a good price to pay for a one ounce silver round? Thanks in advance for helping out a noob
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New Member
Canada
6 Posts |
Hey,
I am also kind of a noob, but IMO it's not a bad deal for the rounds. One question though, how many rounds are you buying? Sometimes you can negotiate a deal if you are buying in bulk.
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Pillar of the Community
Puerto Rico
778 Posts |
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Pillar of the Community
United States
1158 Posts |
Silver rounds are generally priced about $1-2 over daily silver spot prices. Spot price is about $19 today based on a web search, so that's probably a good price with only a $1 premium (seller profit)
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Pillar of the Community
United States
3789 Posts |
absolutely horrible time to be buying silver as investment. If you are collecting silver, such as world silver bullion as a collector, its a good time as prices continue to drop.
So IF you are wanting to buy just even one silver round for investment, I suggest you step back and let prices drop even more as 20 dollars is too much to pay for a silver round.
IF you are just buying because you want to collect them and not as investment, heck one isn't going to hurt at that price.
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Rest in Peace
United States
4078 Posts |
From Yup, Quote:
absolutely horrible time to be buying silver as investment. I tend to disagree. Sure it may go lower but why not buy now and again if it does go lower. Spread your options out. IMHO |
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Pillar of the Community
Canada
1747 Posts |
Remember when it was $35/ounce? it was not to long ago. $20 is not bad
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Valued Member
United States
368 Posts |
wait one year and it will be down to $16 an oz (or lower) ... just wait ...
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Valued Member
United States
269 Posts |
Like every other investment you need to spread them out, silver at that price is good, dont put all your eggs in 1 basket though, save some and buy a little more if it dose drop again.
Now if I pracised what I preached id be good, I have a budget every 2 weeks and I buy at whatever price it is at the time
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Pillar of the Community
United States
1068 Posts |
Quote:
Given what the market is at right now is 20.10$ a good price to pay for a one ounce silver round? Thanks in advance for helping out a noob IMO... Buy a round or two this week and if the price lowers next week buy some more... Spread it out and and if silver goes on a tear you'll glad you took the plunge... I have a buddy who bought $5000 worth of silver when it was $6/ounce and sold it at $9/ounce... If he had waited a few more weeks he could of sold it at over $10/ounce... He was bummed about it till his boss (who is a millionaire) told him "Man you made a 30% ROI, DON'T be disappointed, because most people won't do that in a year on their 401k's).... I don't know how much you plan on investing but I would break it down to at least 4 separate transactions and making sure that each transaction is lower than the first one you did... |
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Pillar of the Community
United States
3789 Posts |
averaging down is a horrible investment tactic, especially with commodities.
A truly successful investment shows a profit from the start, averaging down in a market that is going lower is guaranteeing disaster and lowers the chances of it ever turning a profit.
Average down at your own risk, silver is in a downtrend, you will not be able keep up buying lower as silver goes lower on you.
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Pillar of the Community
United States
5825 Posts |
Cherry pick the ones that have collectible value, they are normally in demand even in a cool market, but it could be hard to find.
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Pillar of the Community
United States
1068 Posts |
Quote:
averaging down is a horrible investment tactic, especially with commodities.
A truly successful investment shows a profit from the start, averaging down in a market that is going lower is guaranteeing disaster and lowers the chances of it ever turning a profit.
Average down at your own risk, silver is in a downtrend, you will not be able keep up buying lower as silver goes lower on you. I don't understand why it would be terrible... I wouldn't buy silver at $20 this week and then $25 next week... You would own it at a loss... But buying it a $20 this week and $15 next week and have it go back up over $20 would leave you with a profit... Silver is down because the economy is good... Gold is too for the same reason.... Precious metals tend to flourish in a bad economy and flounder in a good one.... Sometimes waiting for a lower price can come back to haunt you... Like I told this person... I would break my transactions to at least 4 but I would go higher myself... |
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Pillar of the Community
United States
7375 Posts |
The average person, including me, does not no how to catch the falling knife, and buy at the bottom of markets. Silver could jump $3 overnight, and the opportunity is gone. For the average person IMO, study buying is a good plan. I'm not looking to make a fortune in silver, it's just to round out a portfolio. I think 90% silver coins is a good way to go, and they can be had for about melt on ebay with a little research and patience, especially in Nov and Dec. I hope it does go to $16 an ounce, because that will mean the NASDAQ will probably be above 5K  |
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New Member
 United States
39 Posts |
We'll First off I would like to thank everybody for responding. I'm not looking to get rich off silver simply because I can not afford to buy in extreme quantity. I was hoping to just build up a nice silver stash so the next time silver may jump to a lot in price I can make some money. I do appreciate all the tips and although I wanted to originally wait a bit more to save up money to buy in a huge quantity I think I'm gonna spread out my options. I again appreciate every single one of you who took the time to post. Thanks again guys
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Pillar of the Community
United States
3789 Posts |
@Bryan78
the problem with averaging down, and the reason it is not done, especially in commodities, is you have no idea that, as the price is dropping, that it will go back to 20. Chances are high that if its dropping, it is going to drop even more and who knows when it will get back above what you paid.
Just to be clear, in commodities, no one averages down, and if they do, they end up regretting it and losing their crap. As I was told, have learned and been taught, even experienced, "out of all things in speculation, never average down, let that thought never leave you".
So, you can average down but the odds are most certainly against you, especially with commodities. Stocks, sometimes you can get away with it, but you have to understand what value is there, furthermore, with stocks, depending on what stock it is, thats declining or has declined, it could very well be paying an increasing divy that helps with the pain of an investment that is dropping.
So, hey, I have given the warning on why averaging down is not a good idea, but hey, its your money, not mine. You are free to do what you want.
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Replies: 20 / Views: 3,746 |
Posted 09/04/2014 2:59 pm
