I just got a roll of 64 Kennedy Halves for $253... I think that works out to around 34.50 per oz.... Given that this is around a buck under spot, Do you think this was a good pick up ?, or would you have waited to see where the bottom is before picking up any more physical ?
253 / 20 = $12.65 per half. At 50 cents, that's 25.3 times face. I paid 25.5 times face yesterday for some Washington quarters from one of the better coin shops in my area. So I'd say you got a square deal. I am a believer in you snooze, you lose. I follow many others advice and buy incrementally. If it goes down, I'll kick in the next gear.
The problem with the top and bottom is you only know you have been there in hindsight. I like the incremental or dollar-cost-average approach. I think you made a good purchase also.
Thanks, most of my silver was purchased at around $10 per a while back... then a bit at $23..... I've been hesitant to buy anymore until it's settled back and have assumed it would die back down in the 20's, but after a 20% fall from a recent high I just felt the ball had to bounce back sooner rather than later. We'll see ; ) ..thanks for the feedback btw.
Good buy. Silver may drop more but, if so, I think very little. I'm thinking $28 as the bottom right now if it even goes that low. Buying at 35, 40 also a good buy because I feel silver will eventually surpass the "Magical" $50 number which is the mark that psychologically seems to control alot of folks. Now that Bin Laden has "cashed in his chips", many feel that the world is a much safer place. It's not. Nothing has changed for the better because there is a whole line of people all poised to take his place. Now Pakistan is a concern. Buying a little here and buying a little there at different spot levels is what I like to do. It's surprising how fast the ounces will accumulate. I don't think a person really can wait to see where the bottom is until it's too late. If you waited to buy at the bottom, how would you know that it's really actually the bottom? Anyway, good purchase.
It doesn't seem like the time to buy right now. The price goes up and down too much. Buy from time to time, but for the big purchases wait until there's too much silver available and no buyers. When they're practically giving silver away. Then get to serious buying.
