Prices are high

To answer the OPs post, I can't see the future. If I find a bullion piece I like, I buy it. The last "real money" I put into PM was APE I bought for around $1000/ounce including premium because I like the series and think PT relatively underpriced. However, I am not letting prices stop me from buying some.

I have had many friends the last 8 years bail out of stocks because "prices too high, they will correct". They have missed out on strong movements. I do the same with stocks, keep buying some I find attractive, but only making larger commitments on corrections. If you live your life on what you could have bought it for before always, you will miss out on most long term movements.

 

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Platinum up 25 dollars and palladium up again. Silver down again. Price for Platinum is going higher

 

Funny how folks don't want PMs when they're cheap...but can't get enough of them when they're expensive.

You never hear people say, "That car is too cheap. I'm waiting for the price to go up before I buy."

 

That is true, I don’t think silver is way too high but just a little more than I think is fair at the moment.

 

Same as stocks man. Everyone wants to chase what is hot. I posted here the last few years I have been buying while boring, and waiting for the bounce. Many people don't.

 

Gold will hit $3,000 in a heartbeat this November if things go kablooey.

 

Please don't tell that other gold collector guy...

 

And Palladium is now near $2900. Those "idiots" buying it back at $2000 are only up $900 in what about 3 weeks. And in those same 3 weeks silver is up 14 cents. Who could have guessed that ? Oh Wait

 

And yet you're still clinging to those 5 or so pathetic ounces of silver, years after you received payment for it from @Garlicus. You know it won't be going up, so why not send it to him and be done with it?

 

He knows that silver is valuable man of his expertise WHY HE IS HANGING ONTO IT.

 

Silver...you can't take it with you...but peoples' ire is forever.

 

To be fair, @Garlicus himself has long since moved past it. But until goldcollector at least acknowledges the situation, we won't forget who he really is, and we'll make sure newcomers are aware as well.

 

Saw a few Liberty High Reliefs... 2015's and 2016's....MS70.... and with the BP they went for the price of spot gold. No premium whatsoever.

Surprised !

 

Can't believe that a 2016-W Silver Eagle PF 70 Deep Cameo w/Lettered Edge went for $180 tonight and $88 only 2 months ago !!

 

I think everything is way over inflated, it cant be Christmas forever can it ?..LOL

 

Between the coronavirus, the big runup in equity prices, and the pending political season.....risk is higher.

I wrote a piece on the coming potential No-Name Bear Market. Hopefully it gets published or discussed on TV.

 

Everything is off the hook, a rally can only last so long, i would say hold status
and a wait and see attitude as of right now.

 

My local pawn shop has a 1986 Liberty $5 commem that's been sitting in their counter for months, at a price of $390. I think at one point I asked if they could do better, and they said maybe $370; melt at that point was sub-$350, and I passed.

It was still there yesterday. It's awfully tempting to buy now that melt is, what, $398? -- but I feel like I'm being sucked into the hysteria. I might just be "buying high". Or Citi could be right and it could be on its way to a $500 value. Who can say?

 

Wait, so you can buy it now for BELOW melt ?

If it's a rare coin or one tough to find in a certain condition, I would say go for it. It probably won't break your budget and if you don't find a similar one in coming months/years you'll be kicking yourself.

 

It's not. It's a widget. But quite liquid as gold coins go.