What's your cutoff price for buying silver???

For those who are buying up silver ATM. And, as the price is currently going up. What is the price when you say, I'm done buying.
I'm still buying silver. But, i can't say 100% when i'll stop. I did set a limit of $40.00 an oz.
At that point. I'm thinking it could be more of a risk to buy above that number. It doesn't mean i won't buy a coin here or there. But, $40. looks to be it.

 

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No cutoff point, just picking up more silver as bullion prices lower numismatic premiums. If it keeps going up who knows, trade three junk silver roosies for a 32-s washington?

 

No cutoff point for me either at this time. Why would I stop buying at $50 if "she goes to $75? Or why stop at $75 if "she goes to $100 or more? But I do see your point about the risk. How does a person know when? You don't. I guess a person just has to define the "right time" and limit for them that they are comfortable with. And that is not easy. Like Dirty Harry said once, "A man has got to know his limitations."
Wow. LOL. Just thought of something else he said. LOL. And this goes well with the subject of silver. "So, do ya feel lucky? Well? Do ya PUNK?!! LOL. Can't believe that just popped into my head. I think that's fate talking to me! LOL.
With all that's going on in the world and all the many, many other threads I've seen on this site, I just can't help believing that silver has a bright future. All just my opinion.

 

No cutoff as long as it continues to climb. See my sell strategy in the other postie. Just keep dollar cost averaging my purchases and keep adding. No upper llimits.

You keep adding to winning plays and this is a winning play. You stop adding, or even back off, losing plays.

peace,

rono

 

I do not have a cutoff price because I am not an investor or speculator. I am just a collector of 1-oz silver art bars and I am always buying silver art bars that I can find on my silver art bar wish list.

 

My cutoff is/was $20 for bullion. There are a few other coins that I have my eye on that aren't strictly bullion.

 

I think silver could crash or rise, who knows? Because I don't know I'm not buying right now but I'm still trying to pick up as much junk as I can find from roll searching.

 

Thats my thoughts if it passes $40. I might move on to the junk silver.

Speaking of Dirty Harry. I have a co-worker (just turned 30) who has never seen any Dirty Harry movies.
I'm trying to get him to rent some. The Dirty Harry series was great.

It's my thread, so i can hijack it some...

 

It's getting painful to see ASE nudge close to $40 online.. ebay especially. Interestingly, proof ASE are still selling in the $50-$60 range. I suspect it'll take a bigger move upward to get those to budge.

 

I've been biding my time dreaming about picking up some Canadian Timberwolves.. when it was 29 I held out to see 27 again, didn't happen (yet). Now that we're back down to 32 even I'm wondering if I should just pull the trigger now or keep hoping it goes back down. So, my cutoff point is sort of variable depending on whether it seems profitable. I don't really think any amount is too much as long as the driving forces remain the same. For the long haul I wouldn't have any problem buying right now, but I am holding out for better prices since I already have as much as I need.

 

no cutoff for me. and if i do sell, i'll sell on a per need basis. if i am not needing cash to spend on other things, ill use it to buy more silver.

 

I don't buy bullion, but if I did I'd say about $20, as the way I see it there's little to no money to make and a lot of risk at prices above that. You wouldn't wait till Apple stock hit $400 to buy would you?
Guy

 

I'm still buying, it's just that I'm selling now too. I try to buy on the dips and sell when it peaks(not entirely successfully) but the trend is still definitely upward for now. I've been selling junk silver, and buying average circulated morgan/peace dollars at close to melt, silver rounds and ASEs. If silver hits $40, I'll probably start to sell some of the rounds and morgan/peace dollars.

I also try to buy ASEs during a jump b/c I find that quick price jumps in silver eat into that nasty premium most dealers put on ASEs.

I won't put an arbitrary cut-off price as to when I'd stop buying, because I need to see what the market trends are and how the market is behaving at that given number.

 

I don't know. I look at the charts now and I'm getting more skeptical. How much longer can this go on? As recently as Jan. 09 we were looking at 11.00! Just 2 years ago. 2010 started off at 16.00. Ended in the upper 20s. Now only 2 months into 2011, we're looking at low to mid 30s. So that's tripling your money in 3 years. That's extreme for any investment. Do we assume this is the new floor? It wasn't that long ago, people were saying you couldn't lose in the housing market either.

As a perspective, the banks are offering around 1% on a savings account these days which would take you over 70 years just to double your money. Surely there's lots of people jumping on the silver band wagon now. Are these real, solid gains or panic driven?

Just look at the charts and how brief these recent levels have maintained. I can't believe people are so anxious to dive in as it's climbing faster than it ever has before. I guess I'd just be careful about buying large amounts right now, without letting a little more time pass. It's so volatile, that it's surprising so many people are looking to get in. It's got just as much of a chance of going to 50 as it does back down to 15.
If the banks ever pay any interest again, I can see a lot of people taking their profits off the silver highs and re-investing in the safety of something else.

At some point, the bloom is off the rose and PMs are going to hit the back burner again. It's called buying low, selling high. We don't know the future, but we do know we're at 30 year highs right now. Make of it what you will.

 

I do the same as this, but as I look back a couple months, I realize that when an ASE was priced half a dollar above spot, I would pass on buying that one. Now I would LOVE to be able to buy them at that price. As the spot price of silver continues to rise, I keep passing on those that are only slightly above spot price, yet a week later I'll buy them at that price because the spot price has risen. How much better off I would have been had I simply bought all of them a couple months ago.

But then, hindsight is always easier than foresight.

 

I have just finished my goal of buying 13 rolls of ASE. I am done at this point and will now focus on fractional gold bullion 1/10th to 1/4 oz.
I hope to be able to put together 3-4K of these. Then it is sit back and watch.
I have prepared myself with a full compliment of arm's, 4 season camping gear, MRE's, water filtration, and fuel storage.

Even if Silver falls to $20, I will buy more as it is destined to rise and shine for a multitude of economic reasons. JMO

 

Nobody knows the future, but to me, having been a math student, this looks just like an exponential curve approaching infinity. Unlike the spike in the 80's where you had steady as she goes and then getting blown out of the water, this has been a slow but steady incline that has recently turned the corner and now appears to be approaching increasingly higher numbers. There are a multitude of factors; excessive liquidity in the money supply, bank insolvency, global volatility, failed business models getting bailed out, USD expected to lose its global dominance, much of which leads to fear and safe haven demand by both individuals and governments which just adds to the multitude. While it's easy to look to specific events that coincide with jumps in PM's, I personally think they do a good job of masking the true culprit which is abandoning the gold standard.

Were some of these factors not the case, I would much more readily consider this to be the top, but there is too much going against fiat money right now for me not to be bullish on metals. Sure, the housing market (land in general) used to be viewed as a safe haven, but to me (hindsight is 20/20) that viewpoint is fundamentally flawed, because houses cost a lot of money, and in times of difficulty nobody can afford them so supply/demand will cause prices to go way down regardless of an inflationary or deflationary environment. PM's are small enough to always be able to find a place in your portfolio, so they will always be affordable to those who want them.

 

nothing wrong with trading electronic or paper money for precious metals. my philosophy

 

I bought a 2011 ASE for $35 and for me, that's the limit. If they go up more, then I won't be buying. Just too much for me at the moment. I'm still rather young, so I expect silver to dip to lower levels later on in my lifetime (and when it does, boy will I stock up! lol). What I don't like is with silver going up, it's getting expensive to fill in holes in my folders since sellers price their lower grade coins according to the metal in them. I don't blame them and would do it myself, but it gets expensive to just fill up a folder at these rates.

 

Well said InfleXion.