I bought my first eagle in Sept. 2014 at a gun show for $25. I checked spot latter that day $18.something. The seller told me he had sold 15 eagles so far 3 hours! (keeping that in mind when time to sell) I remember as a kid when Dad sold some silver coins in the 70,s when spot was up. I missed the boat last time around when it was pushing $50. With spot around $18 I started buying 1 to 3 eagles a week at LCS. When spot is 17-18 I buy 1 and when 15-16 I buy 2 or 3. After 20 eagles I started buying maples and rounds with goal of 20 each. I find myself impulse buying like last week Friday headed out to buy 4 rounds had some extra $ and low spot. I found just in that day 2015 pandas, walked out with two of them. spent less than I would have. My thinking was pandas seem to go up in price over time not just spot. As of now my plan is to only buy when spot is 18 or less thinking I can cash out at 23 or over if needed or wanted. At the rate I am buying I'll never get to .5% of my investments. I am looking at it as fun money maybe turn it into guns, vacations something like that down the road. What do you all think I am I out of my mind?
Are any precious metals a good investment? I think so. Here's the deal though. If you look at the graph of gold and silver for the last 100 years, it looks kinda like a cardiogram, with a heartbeat every 20 years or so. There is always going to be turmoil on this planet as long as humans are here and that usually peaks every 20 to 25 years. If you are young, you will get to see it. If you are old, chances are slim. You need to decide if you are investing for your benefit or your grandkids.
Silver stacking, vacations and guns! How could you go wrong! I wish the gun crowd would get into the precious metals. I believe the two groups have some common views, and distrust of the government.
I buy lots of guns to One quick tip shop online and look for deals $25 is way to much for a silver eagle. Be patient and diligent and you will find deals, lots of them on this site.
I'm basicall I agree with throwbackid. Deals are there, just need to be patient. I check this bullion forum at least once a day. eBay Daily deals are also a great place to look for silver.
I would suggest to stop buying weekly and buy monthly instead. If your budget is between $50-75 a week. You can should be able to buy a full roll every 6-8 weeks or so. Check online dealers for the best prices. Check out: www.comparesilverprices.com and www.goldprice.com/silver-american-eagles Buying rolls will lower your per coin premium in the long run. It sounds like you have the fever and it might be hard to wait 6 weeks to feed your new addiction but trust me, cracking open a full tube will make the waiting well worth it and only feed your new stacking addiction. Be prepared to seek help when it gets out of control.
