Are You Buying Right Now?

Discussion in 'Bullion Investing' started by SilverMike, Aug 11, 2018.

  1. SilverMike

    SilverMike Well-Known Member

    So spot price has been in the lower $15 range for a while now. To me, premiums don't seem to have fallen as quickly. At any rate, are you buying now or holding out?
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Same as always, I'm buying if I can get it for much less than I can sell it for.

    With silver this low, not as many people are selling, so there are fewer opportunities.
     
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  4. thomas mozzillo

    thomas mozzillo Active Member

    The larger bullion dealers don't seem to have kept up with falling silver prices. Their sell prices are still in the range when silver was selling at a few dollars per ounce higher. I'm not buying at the prices they are asking.
     
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  5. myownprivy

    myownprivy Well-Known Member

    Absolutely. Maples have been cheap on Provident and Jm Bullion. 2018s for $1.75 over spot and random years for $1.38 over spot. Spot was $15.40. Premiums are typically $2.50 over spot.

    Buying those right now when the typical premium is $2.50 or so is a great deal unless silver drops another 75 cents to $1.12. If it drops from $15.40 (my price) to $14.28-$14.65 (a 75 cent to $1.12 drop) then I will have not gotten a good deal.
     
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  6. chascat

    chascat Well-Known Member

    Always buying a few each month to try and hedge my higher past buys...the average goes down each time I add a couple more ASE's.
     
  7. rte

    rte Well-Known Member

    I've been selective, but that usually means a premium.

    20180808_090830.jpg
     
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  8. rte

    rte Well-Known Member

    And there goes another trade secret.
     
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  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Spreading it around in other places these days, a new gun safe and a couple of new guns.
     
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  10. Bman33

    Bman33 Well-Known Member

    I've been buying on ebay whenever they run 10% bucks. You can get rolls of 90% quarters for under melt that way. You can also get Double Eagles under melt too.
     
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  11. Clawcoins

    Clawcoins Well-Known Member

    at one point today, it actually hit $14.99 before quickly bouncing back up a few cents.
     
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  12. Don P

    Don P Active Member

    Since prices have been falling like a knife, I've been waiting a bit for a bottom, or straight line of spot prices on silver before I buy more.

    I mainly buy ASEs for their liquidity and gov backing but I'm thinking about getting some silver bars close to spot. ASEs haven't dropped as much in price as I thought they would considering the huge drop in spot.
     
  13. Don P

    Don P Active Member

    I've been signed up to the Ebay bucks but how do I get the 10% off? All the coupons I get don't apply to coins and currency.
     
  14. Bman33

    Bman33 Well-Known Member

    10% back Ebay Bucks runs from time to time. Sometimes it is 8%. Just have to be patient with it. Look up 90 Silver, Gold Double Eagles, 20 Francs, and British Sovereigns for qualifying discounts on Bullion coins. With 10% back and a deal going you can get these for under melt.
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    The coupons (which are often advertised on eBay's landing page, available to everyone) don't apply to coins or gift cards. The Bucks promotions (targeted to individuals, and I haven't received one in years :() apply to most Coins and Paper Money categories, but not Bullion (because you can't get eBay Bucks at all in that category). At least, that's how I remember it.
     
  16. murty

    murty Junior Member

    So what would be a good price for BU ASE? And how much for shipping....Thanks
     
  17. Prez2

    Prez2 Active Member

    Makes no sense that silver is at 15. That value doesn't even apply in this decade of profit and more profit. Should go to 30 at least. I know, I know. Somebody else thinks it should be lower. Just makes no sense to me. An ounce of silver or 2 packs of smokes? I'll take the silver and leave the cancer.
     
  18. Jason.A

    Jason.A Active Member

    And what do you know that we don't? Why /should/ silver be $30? Why not $25? Why not $35? Why not $17?
     
  19. Bman33

    Bman33 Well-Known Member

  20. mikem2000

    mikem2000 Lost Cause

    Why not. Fifteen is still considerably above historical averages over the last 100 years. Price adjusted to 2018 dollars of course. Here is a great inflation adjusted chart that shows the story. Still looks like there is a ways to go until Silver bottoms out at around $8 or $9 . Over the last 100 years, I doubt Silver has been over 15 for much more than 10-12 years in that time frame (inflation adjusted)

    [​IMG]
     
  21. murty

    murty Junior Member

    14.50 for ASE BU??
     
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