Bullion Investing forum has went down hill

It's happening. I'm 32, I've let off the gas on silver for now. I grabbed my last 20 on that freaky dip into the low $14s. Since, I've started buying platinum again while we wait for another beat down in silver. If that doesn't happen, I'm still plenty overallocated in silver already.

On your point about weak knees in the millenials, it's true. The few I know around me that couldn't write the check fast enough at $20 are nowhere to be found now.

 

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It's not just millenials. Every generation has done the same thing, n to jump in once it has risen far, then ignore it for years when it is much cheaper. It's not your generation, but just something most small investors do.

 

no harm, no foul until you sell.

 

Buy low sell high seems easy in theory. When the low is here, a person can't help but wonder if you're buying low or standing with arms stretched below a falling piano.

 

No one says it's easy. It's much easier to do the opposite in fact, which is why most do.

This is the reason I favor dollar cost average investing. Not that it is mathematically superior necessarily, but because it forces investor into continuing to buu when it's no longer in the news and not go crazy when it's hot.

 

When silver is high, you can't buy as much of it, but talking about it makes you seem like a winner. When it's low, you seem like a loser, but you can stack up. This is why more people don't make money - when something is hot and overpriced, they flock to it (ie all those house flippers a few years back, people in stocks right now, etc.). When there's "blood in the streets" everybody retreats, when they should be stocking up.

I'm stacking. People really think silver won't shoot up to $40 again over the next 30 years? I guess it also depends how much time you have, but if pm's aren't long term for you I think you're making a mistake.

 

I follow a very diligent dollar cost averaging model. The only reason I am backing off silver is that I was buying faster than planned as it fell from $20. My goal was 20oz per month. I was buying 40-60 per month some of those months when the prices were really crashing.

I'm not bailing on silver by any means, I just got a lot more than I planned, a lot faster than I planned. Because of all the carnage going on in silver, there was no time or cash for lonely old platinum. I don't think platinum $1200 is going to last for years, and I want to be sure I can get my hands on some before it goes back up.

 

I found this forum after abandoning another one that died out from trolling along with what I found to be an acceptance of anti-Semitic behavior.

Not too long ago this forum appeared to be allowing a troll to manipulate the board. I got tired of seeing the uninformed threads always at the top here.

I like to come here for informed opinions. I do not come here to decide when to buy or when to sell. If Ira Epstein can't figure it out.....

As far as any magical method to determine how and when PM prices are going to move one way or another, no one has come up with one that works.

What I do know is almost anything random things I have stored away during my life, other than precious metals, has lost almost all of its value.

IMHO, silver is silver as far as a bullion aspect. I do not care if it is US coinage, mostly because as a kid I was attracted to bars and rounds. I just didn't have the right knowledge or guidance to sink my newspaper money into them or into gold back when it was really cheap in the 70's.

One thing I did kind of right was during the last run up in silver. I risked a few thousand dollars, to me that is a lot of money, when silver was breaking through the low 20's. I sold that little bit when it hit 49. I slowly buy it now, 21 max for an ASE (all inclusive) and as close to 10% over on anything else. I do pay $8 for halves, seems no matter where silver goes that number is holding up. I look for 1964 Kennedy's. Franklin's if they are in decent enough shape, sometimes a walker but most of them are worn so I decided to avoid them and be patient finding 64's.

I think all this re-cast sunken treasure silver is a real con. It has been recast, it was melted, it no longer holds any historical value. Otherwise someone can just claim they dug up silver from some historic site, same thing (which a lot of silver is anyways).

The only fractional's that interest me is gold, because to be honest I can not afford to buy a full ounce.

Seeing that many people invested in 100 ounce bars and had no problem selling them when silver was going from 30 to 49, I see no reason to own anything less than 1 ounce other than legal tender.

 

You all put too much thought into it. Bullion can be like a stock if you let it. A poor producing one, but hey, whatever suits you. I have many funds where I put a specified dollar amount into every week. I never adjust it, whether its doing good or poorly. I almost always make good. I don't see why silver can't be looked at like that. Say you can set aside $500 a week on silver. Buy that amount week in and week out, regardless of spot, or trends, or scares...just buy it and forget about it. It eliminates the asinine game of when do I buy/when do I sell. That doesn't work, obviously, or everyone here would be rich and this same topic wouldn't spout up 52 times a week. It's not a science. Its not luck. Its common sense.

 

it's been well documented that a person that trades without a set of rules or principles will overwhelmingly lose more often than they win. Mine is to dollar cost average a somewhat fixed amount per month. The only rule breaker is when price breaks happen and something can get accelerated, but the principles never change.

 

Do you use the methods of your many funds to buy silver? Do you buy silver at all?

 

I didn't dare to sell much silver when it was around $50. If I thought of it as an "investment" in the classic sense I would have, but I see it as an insurance policy, that I won't cash in until I need it. When I retire I plan on selling a few coins to make enough to live on, but before then I am not really selling. It may not be that strategic, but that's my plan.

 

Maryland is getting to act also. www.jmbullion.com/local/maryland/

 

No, because the gains aren't worth the effort. However, the principal is still the same.

 

i sold my first stack at 42 paid 15 an oz now starting over i have over 200 oz at 20 an oz

 

Certain people ruin it for everyone.

 

I'm curious. Will this give the USD that much needed shove into the old mammoth's burial pit?

http://mobile.reuters.com/article/topNews/idUSKBN0KO16Y20150115?irpc=932

 

i just bought from jm bullion bought 6 ounces for 97.14 total so im happy with that
16.19 an oz i had a coupon

 

This is not new, I just assumed most states had something similar. This is why I limit my purchases with local dealers as I do not typically purchase over $1k at a time. Now, when I do purchase that much I buy from the same dealer every time.

From what I understand, dealers do not have to report buying from you, if they also sell to you. In my case, I buy enough from my LCS that if and when I do sell, it is not reported. They pretty much say is this all stuff you purchased here? I say most of it is, and they abide by the law and do not report anything.

I have never broken the $10k barrier, so am not sure how they handle that. I did watch some guy sell a bucket full of 100 oz bars. They gave him a check, I did not notice any forms being filled out. They only time they ask for my ID is when I sell jewelry, I believe that's under the pawn laws.