Be patient!

To all the stackers out there, do not rush to buy yet, this could become a buyers dream if you can wait to pull the trigger on buying. Some people are gonna get anxious and buy now thinking now is the time. If its true about our economy recovering, both gold and silver may drop under 1k and $15.

 

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On the contrary, you don't want to be too greedy and miss the bottom and end up paying more. What is the significance of you choosing $1k and $15?

 

think about it this way, the difference between $5 and $200 why would you pay that much more if you know what's going down. I know you're saying buy now and play it safe, this is not about greed, this is about playing it smart

 

No significance in those numbers, but we are STILL in a situation where the odds of silver going lower is greater than it going higher. Be on the correct side of the odds equation. If you miss the exact bottom, so be it, very few if any will hit it perfectly.

 

The silver price has reached a logical technical support level. Whether that holds or not is unknown.
I could understand buying here or buy on the way up.
You generally do overpay if you buy on the way down.

 

think of it this way, $5 = $500 if you buy a hundred ounces of silver. you don't see that as significant?

 

I buy every month. Regardless of spot. Lately the stack I buy is heavier.

 

I would actually do some buying but since the price dropped under $19, my dealers premium just went up from $4.90 (still high IMO, but I am are near NYC and everything is more expensive) when it was a little over $20 to what equated to $6.13 premium after tax. The good news is I can walk to him and not waste money on gas, but I can't justify buying ASE's for that kind of premium.

 

I agree with being patient, but I went ahead and pulled the trigger on 24 ounces, which includes a tube of ASEs. I spent about $540 including shipping. The other coins were Austrian Philharmonics and maples.

When/if it goes down, I'll put more into it! I'm young and plan to hold these for a long time.

 

Very nice!

 

I think you mis-understood, I was saying there was no special relevance to those specific "round numbers"

 

That response was more for the other guy, not you.

 

Same here, I bought 21 ounces and spread it between ASE's and America the beautiful pucks.

I bought when it was 19 and change and will continue watching to see what happens.

 

I'm waiting as well. I was going to get 2 oz this paycheck, but I think I'm going to save and get 5 next payday. $18.58 at the time of posting. I think (well I hope) it will hit $15.

I spend 10% of my paycheck on silver. I figure people my age spend more than that on cigarettes or cases of beer, I buy neither. At least if I lose money, it's only 10% of my income, and at least I have something worth a little bit of money instead of empty glass bottles or cigarette cartons.

 

Very well put! That's my thought process as well. I could very well be buying random nonsense that loses value but at least even if it goes down its still worth something.

 

Where are all my "backing the truck up if it ever gets below $20" peeps at? I know you were out there just a couple of months ago. You rent the truck yet?

 

actual buy prices aren't that low except provident 10 oz bars that I can find

 

Or you could put that money into stocks. You all are young, do you really think rocks are going to be more valuable in 30 years then enterprises which create value!!!

 

Did you forget the part where people had their life saving in 401Ks and stocks and had to come out of retirement due to our last recession. its good to have multiple ways to protect yourself, so yes stocks are important, but precious metals always seem to rebound, a company can go out of business or have some major issue that causes them to be worthless 30 years down the road.

Examples, Freddie mac and Fannie may to name a couple...

 

Please show any 30 year period in American history when the S&P 500 returned less than gold/silver. I am not saying silver/gold should not be a small part of a prudent retirement plan, but it should not be your whole asset allocation.