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 Replies: 12 / Views: 2,608 |
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Pillar of the Community
United States
606 Posts |
Dang,
I always have the luck. I just started collecting and thought $20 seemed like a great place to start. However, it seems everyday the price drops.
Is there any reason it can't go to $10 or $5?
This reminds me of my former boss who bought fruit of the loom stock because he said "everyone needs inexpensive underwear. Ha, if I remember correctly, years ago, that stock just kept dropping until I think they eventually had to restructure.
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Pillar of the Community
United States
4333 Posts |
Maybe there's just not much demand anymore. No demand in medical, solar, electronics, or investment.
Be thankful you didn't go all in at say, $38
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
09/19/2014 12:20 pm
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Pillar of the Community
United States
1158 Posts |
If you look at a long average with inflation adjustment, $10 seems about right. The run up to $50 was mostly based on irrational speculation and fear.
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Pillar of the Community
Canada
814 Posts |
17.98 USD right now.....lowest in 7 years
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Pillar of the Community
United States
5825 Posts |
There maybe further drop, depending on public selling mode...I suggest Hold on to your money until there's market cool off.
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Bedrock of the Community
Australia
21786 Posts |
I have held a minor bullion position in bullion (Ag Au Pt) coins for decades. Price fluctuations over a period of a year or more are of very little interest to me.
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Pillar of the Community
United States
3789 Posts |
for several months now I been really curtailing my purchases. I look forward to lower prices and lower prices on ebay as silver and gold force sellers to drop price, I am sooo looking forward to that  |
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Pillar of the Community
Japan
666 Posts |
Well, we have bought 300 oz this year. We have sold 180 oz during the same period. Average cost per oz - minus $6/oz. so there is some cash left with the purpose to buy some silver, but there is no silver we want to add. I mean the coins with potential to grow in value. We haven't bought much of low premium bullion for almost 2 years(at the same period we have sold almost all low premium silver coins fixing some small but profit). Only collectibles are able to preserve the value in such hard times. But even those are not panacea for a long periods, as there are some situations when those can drop in value too. As of silver, even though the family had set up the target of ounces, I believe that this year we will not be able to get to it. No reason to add low premium silver, when there is a stack of much better coins. Saying above I strongly believe that silver has a bright future. If one doesn't have any now or a month ago - it is the time at least to make some position (depending on your pockets). Buying small amount but constantly, looking for value, makes it easy to accumulate some nice coins. Take pandas, elephants, some other coins of current year that hold their value pretty well. Adding coins like these here and there, and trading them in the future makes overall win happen much faster. The last success - Benin elephants, we got them for 45/oz. sold for $84 recently(not on ebay). Not in bulk of course, coin by coin, but the average just for these coins has been reduced dramatically. The price is going to rise as the coin is beautiful. So the advise would be - do not only stack silver but stack silver that has something more with it. As of coins we were selling - we didn't lower the prices and we still make the same sales numbers.valuable coins on ebay didn't drop in value and holding the line very well. |
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Pillar of the Community
 United States
606 Posts |
I just need to be careful like gambling. If it drops, double up.... If it drops again, quad up..... All to lower avg cost. However something seems wrong with this strategy.  Edited by MontanaCMR
09/20/2014 12:45 pm
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Bedrock of the Community
Australia
21786 Posts |
Google:
'Dollar Cost Averaging' - A time honoured buying and selling strategy.
Works well in the trading of shares.
There is no reason why it should not work equally as well in the buying and selling of bullion.
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Pillar of the Community
United States
3789 Posts |
there is no such basis for dollar cost averaging commodities. Furthermore, the whole dollar cost averaging is wrong as well. Do you honestly think the major funds, banks, prop desks are behind the scenes dollar cost averaging down silver and gold positions? the answer is NO. But hey, its not my money. In a downtrend, with an asset that is highly volatile such as commodities, dollar cost averaging is the kiss of death. But hey, its your money, do what you think is best.  thats all I am going to say. |
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Pillar of the Community
United States
606 Posts |
You are probably right about dollar cost averaging on a downtrend.
I haven't analyzed past trends regarding how quickly turns occur. If I keep buying as it goes down, I would capture a big turn. However, if I wait for. Big turn, will I be too late. Here are some things I think about.
1. Price drops to 15 slowly but then jumps to 20. Would benefit buying while dropping.
2. Price drops to 15 and sits there. Would benefit not to buy going down
Another consideration, if I don't think it will move over 20 in next 5 years, I wouldn't plan to buy regardless. With this, I don't know what the best option is.
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Pillar of the Community
United States
606 Posts |
So Yup,
How do you determine a true upturn? I noticed a few months ago it looked like the price was on its way up (like 18-21). Was it not strong enough? What do you look for to determine the falling knife is over?
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Replies: 12 / Views: 2,608 |
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Posted 09/19/2014 12:24 pm
