I buy silver coins but I'm not stacking bars or rounds. Sine I can still get Morgans and Peace Dollars at $16 each I continue to buy those.
My local coin dealer has people bothering him to buy Palladium. He won't get any in for them - he is looking out for them in the long run. Just shows how stupid the public really is. Buy High - Sell Low. You need to do what Warren Buffet says, Buy when prices are low and nobody wants something, sell when prices are high and everyone wants it.
I’m nibbling around the edges for little things that I like but I’m in no hurry to buy anything for pure silver. It just seems like it should be much cheaper in this economy.
It is incredible how that works. I bought the bulk of my gold in the late 1990’s. The best lucky purchase of my life.... Then in 2011 I got silver fever when it hit $30.00. I sure paid for that simple lesson! I’ll never buy high again.
@Randy Abercrombie, I agree and that was part of my reasoning for a thread that I had about supply and demand. A lot of people got that silver fever during that time and that makes me wonder if there is a spike in price, would the market get swamped with sellers that will prevent the levels that we seen then? It’s just a nagging question on my part and I’m not trying to act like an expert.
Well, I think by and large that people have short memories. Didn’t we have a crazy silver spike back in the 1970’s? Folks lead such busy lives these days that I don’t think most average hard working folks pay attention.... Until we have a crazy spike. Then every TV coin guy is selling silver, it is all over the news and as a result everyone wants in on it. I think there will be plenty of buyers out there if we see another big spike.
In an average lifetime silver will rise 3 times. No, I do not have an average for ones lifetime. I can clearly state that I am 65 and silver has had 2 of these spikes already. If silver rises soon and doesn't wait 20 years for it to happen again I may see it a fourth time. I'd be old enough that I wouldn't care anyway.
I sold all of my silver in April 2011 at $45/oz. ASEs at melt. People couldn't believe I was selling, I couldn't believe they were buying. I guess we know who was right.
I took a step back and am buying a few things to get PM's out of the ground easier. The other foot is still with the group that are buying what they like.
I've been buying rounds and 10oz bars. Silver Eagles are too expensive now for me. I did pre-order some Silver Eagle tubes back in November though. Should be coming in. Gold is high and I haven't bought much in the last six months. Platinum I am cautious with. Palladium out of the question.