Silver buying

Should I buy now, or wait for it to drop more?

 

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now is good, it'll mostly stay at these prices over the weekend. Last thing you want to do is wait till monday and have it go back up for what ever reason. Take advantage.

 

I'm tempted. But I'm not buying at these prices. Waiting for it to drop more. Thats just me though.

 

It will either go down more, go up, or you will miss out on the products you want to buy, because companies will either start selling out, or listing their items as "temporarily unavailable" because they do not want to sell during these huge price swings...at least that is what I've noticed....I just bought now, because I already noticed a few things that I wanted had become unavailable.

 

What I have noticed in the past when prices have dipped is the local shops remove gold and silver from their display cases.

 

Victor, The online stores like provident and apmex I feel do the same...and the US Mint definitely does that too, mostly when prices go higher than what they are selling for...

 

My coin dealers do that also.

 

OP, your question in unanswerable. Timelines, how much silver you currently own, how much do you wish to own, value of your other investments, all would be involved in the answer. I would say if you are in the market to add to your position, I would not be afraid to add a percentage amount to your holdings at these prices.

 

I agree that they likely hold back stock until spot returns to a price point that gives them a certain profit margin. It never fails that when spot increases, they magically have them available again almost within hours. TC

 

Watch the Asian markets starting on Sunday at 6pm. TC

 

My B&M store doesnt take stuff off the shelf they have prices on most things so it is twofold if it goes up to much they are losing a little profit but if it goes down they gain more of a profit on those coins as far as bullion he had the same amount out today as normal on some run ups he has been out of silver bullion

 

I don't understand how that is "unanswerable"?

 

oops..I don't know how that attachment got in there

 

It amazes me when folks can't buy enough silver at $50/Oz, but are scared to buy at $30/Oz...just a few weeks later. The fundamentals of the investment haven't changed; the cost of pulling it out of the ground hasn't changed. You can't buy twice as many loaves of bread or gallons of milk now as you could a few weeks ago...what changed?

The answer is that nothing "fundamentally" changed. There may be more people buying dollars this week than last or government margin requirements may be a bit tighter...but the "fundamentals" of the investment are exactly the same. The fact is..."fundamental investment analysis" doesn't apply here because no one is "investing"; they're "speculating". The sad thing is that very few people know enough about investing to know the difference.

 

And this is exactly what happened, went today to buy 2 silver eagles and all were pulled.

 

If you have your mind or heart set on silver anyway, now would be a good time. No-one can hit the bottom, but buying the panics in a bull market works out over time.

 

My local coin shop didn't have to remove theirs from the display cases, because their customers bought it all, so they said. I picked up some ASE's, maples, and onzas from their junk bin (the last of them), because that was all they had besides a handful of junk bars or low grade junk US 90% coins. They are literally out of bullion (unless they were being dishonest). So to the OP's question, should you buy now, my answer would be get it while you can because I believe this recent move will accelerate the supply squeeze.

 

Yes indeed. When the ATB 5 ouncers came out, people were getting desperate to own them. I suspect if they had waited, they would have gotten a better price.

 

I bought one of the 5 ouncers yesterday, wanted the one with the elk, but by the time i got around to checking out it was "temporarily unavailable" on provident, so i settled for the Chicksaw...can't beat the price, I told myself I wouldn't pay more than $200 for one

 

I probably will regret not waiting and purchasing a 10oz NTR with a $1.77 premium today, but since it's only ten ounces I figure my downside exposure isn't that great and with spot @ $31.03 it looked pretty good.

I just could not bring myself to pay the $5+ premium that many are now charging for ASE.

This is my first silver bar, the rest of my stack is either ASE or ATB bullion or NGC graded coins.