Are you buying or sitting on the sidelines?

Silver is now at about $28/oz and gold is mid $1500's. Anybody plan to buy with the prices where they're at now or you holding off in hopes of lower prices? Also with this drop I believe the US Mint will reprice some of the items tomorrow, anybody going to grab some?

 

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I'm starting to buy some just bought 4 rolls of war nickels for $240. I don't know whats going to happen with the price of silver (like everyone else), so I'm not going to spend a whole lot. Even if it does crash I won't be too upset cause I just love war nickels! and if it does crash, I'll be sure to keep buying more. I might consider buying a few silver rounds, but I'm not really sure. maybe 1 or 2.

 

not a big purchase but i just picked up 5 engelhard and jm 1oz bars at 29 per

 

I thought about waiting until silver dropped to a certain price for a big purchase, but I figure I will keep buying a little at a time each week in case prices start to increase or in case they drop even further below whatever price I would have made the big purchase at. I'm still pretty new to all of this, so I figure I'll stick with slow and steady.

Thanks for the tip about the possible US mint pricing changes. I'll keep my eye out.

 

I feel less resistant to buy a coin that is price dependent on PM value, but not going out of my way to buy PM.

 

No, cant get any for reasonable price. I can only buy on eBay, and its full of morons who buy 1oz bullion for $38-41 USD.

 

I won't pass up a good deal, but I'm not going to buy any large amounts until it gets down to at least $25. I'm meeting with a guy on Thursday who has agreed to sell me some Morgans at $1 over spot. I'll jump on that any day! (And it's an OK deal for him too as our local dealer buys them for spot)

 

That is starting to change at least with Gold i saw a lot of bargains (rare world coins selling for spot) in last couple days it is shame i didn't pull the trigger a couple times since i wanted to maintain capita. It feels like there is some panic setting in.

 

It seems like everything is moving downward these days. Stocks, gold, silver.... Right now the "safe" money doesn't know where to go.

 

Take a look at the dollar. It's at 81.25 or so...think that'll hold?

 

Coinflation face-value multiplier just dropped below 20 for the first time in a long while. I imagine I'm getting close to underwater on my overall junk silver.

My next big selling opportunity is a local coin show in mid-July. Look for prices to start back up soon after that...

 

I don't think you're underwater alone...lots of people need scuba...so no worries at the moment.

I think it'll be down until Nov...or we get QE v(fill in whatever number you believe)

 

The bargain hunters will be jumping in head first if we hit $25 silver. I'm not going to try to time the bottom, buying right now. Major silver dips like this do not last long.

 

Silver is still falling fast. No sense rushing in yet.

 

Picked up 10 junk halves for $10 each today. I've been buying Merc dimes at $20 face for the past couple weeks but today was the first time in a long while that I could get halves at that price.

 

Ive been sticking to my 1 coin a pay check. I would buy more but saving to buy a few of the 2012s set.

 

I am just pointing out the exact same comments were made a month ago when silver fell below $33, right?

No guarantees except it will be either up, down, or the same 6 months from now.

 

And don't forget junk silver for 32X face (BIN on almost all common date Morgan and Peace dollars).

 

Ebay is a joke for bullion. There are at least 4 etailers that you can do better at without any problem or hassles that ebay can bring. If you do your homework and spend some time researching you won't need to play ebay roulette. Look at it this way, the fees to sell on ebay are about 10%, and margins on bullion are about that range, the math doesn't add up to comptitive pricing.

 

I bought $10.70 fv in pre 65 yesterday. I also bought an 1878s Half Eagle.