You ever buy bullion and the dealer takes a few days to ship and the PO takes a few days too. All the while, spot continues to fall. By the time your package arrives, you've lost money. I guess I should have just waited to buy.
That's the problem with buying PMs versus and ETF. With an ETF you can buy and sell in literally seconds. With physical metals, you have to wait to get it .. and then all the additional overhead costs of shipping, etc to deal with it. Of course, ETFs have their costs too. PMs are really a longer term strategy for individual investors/ hoarders / stuff that they like, as the physical handling of it adds to everything.
When that happens think about the poor folks who bought at $48 and thought it was going to $1000. Many of those folks cashed in their savings, 401K's ect. and went broke, wife left them, etc. etc.
two words ... "GOLD IRA" hope you don't have one of those. I hope NO ONE ever bought into one of those. But that seems to be the trend of several online PM dealers.
While I may feel inclined to offer a moderate level of sympathy, simply put, that's their own stupid fault. Silver was way over inflated for years. Personally, I haven't bought silver since it was more than $7.50 an ounce and I won't buy it again until it's in the range of under $10.
Even WORSE is the "self directed" gold IRA, where you supposedly hold the gold yourself. It. Does. Not. Exist! The IRS has NEVER allowed one. The ENTIRE idea is a "legal theory" that has never been allowed in tax court, right up until NOW. Read their disclaimer! If you start one, and the IRS catches you, you owe taxes AND penalties and the gold seller will NOT stand behind their product. Fools. Money. You get the idea.
Well, you do own the silver, at the price you wanted to pay. It just isn't in your hands yet This is the same with the stock market. Anytime I buy, the stock is going to be lower 5 minutes later.
The whole idea of stacking is to have the physical metal in hand. Just be patient and you'll get it. Then sit back and look at it.
That's the *only* reason I have what I have. I like looking at it. I didn't sell in 2011 as then I'd have nothing to look at.
I just picked up two one ounce pieces at lunch for a dollar over spot @ $17.25ea. I dont feel stupid, it helps when its someone else's money. In this instance it came off a blackjack table 2 weeks ago and has been waiting on a piece I didn't already have.
Don't worry, for all the times you bought and it went down before you received the order; you can remember all the times you bought and it went UP before you got the order. Read your price tables and make up your mind.. it will go UP and Down, but I hope you saved on the premium. I'm not buying anything unless the Premium is a sale rate now. How can you worry if something goes up or down a few bucks if you are paying $30-$50 premium on Gold and $3 or more on some Silver? It doesn't matter in the end.. Enjoy your purchase.
As long as I have the package in my hand I'm happy. I don't use sword and various stuff like those guys on youtube to open the package.
The only time I feel a little silly is when I dont research or check out a piece good enough and find out later it's .900 silver and 3/4 ounce instead of the .999 and one ounce I paid up for. Like this 1984 Olympic round.
I buy from Bullion Exchanges and although shipping time is inevitable, out of all the dealers I've bought from they ship to me the fastest. Just bought some silver from them and got my package just 3 days after placing my order! https://bullionexchanges.com/buy-silver
There is but the legal weasels that advertise "You can store it at Home" appeals to those that believe everything the see and then they find out there is very small print at the bottom thta says " If allowed by all applicable laws" and yet they show some old timer gazing at his GOLD in a safe at his home. Will never happen.
