At what price will you stop buying bullion?

Discussion in 'Bullion Investing' started by myownprivy, Jan 3, 2020.

  1. myownprivy

    myownprivy Well-Known Member

    When will you stop buying an ounce of gold? When it hits $2000?
    What about silver? Will you stop buying when it hits $25?

    Lots of threads often ask "when will you sell?" But I'd rather ask "when will you stop buying?"
     
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  3. Victor

    Victor Coin Collector

    I already stopped. Tempted to sell.
     
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  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Depends on what happens in November. :p
     
  5. GSDykes

    GSDykes Well-Known Member

    Off loaded lots of silver several weeks ago, replaced with gold. Saves space. Did not buy gold to sell, only to protect my life's holdings. Au is doing quite well, at the moment.
    Gary
     
  6. dwhiz

    dwhiz Collector Supporter

    I've been using my eBay bucks to buy silver eagles.
    So around $23 or so I may start selling.
     
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  7. JCKTJK

    JCKTJK Active Member

    I stopped buying gold at $1190, silver was around $14 to $14.50
     
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  8. JCKTJK

    JCKTJK Active Member

    Gold is up $23 over night pushing the $1550 mark, crude oil surging also with fears of war with Iran, silver not moving much at all but up some
     
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  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I have been stopped. Both gold and silver are too high for recreational stacking.
     
  10. ripple

    ripple Active Member

    I think it’s been too high for a while now but I have bought a couple of coins.
     
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  11. slackaction1

    slackaction1 Well-Known Member

    I stopped since las night Current Event ….wait see what kind of effect if any on Markets and PMs
     
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  12. masterswimmer

    masterswimmer Well-Known Member

    I stopped stacking awhile ago. I'll return to buying when Au & Ag return to the $1,100 & $14.50 range.
     
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  13. Gilbert

    Gilbert Part time collector Supporter

    Other than yearly purchase of a silver eagle for the Dansco, haven’t bought bullion since 2009. Thinking of selling some junk silver and replacing with gold. One outfit has quoted a reasonable price to make the swap.
     
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  14. myownprivy

    myownprivy Well-Known Member

    Gold $1550 and Silver $18.20 today
     
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  15. fiddlehead

    fiddlehead Well-Known Member

    Bought some at $1100 and up to $1250 then stopped. Not selling though.
     
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  16. medoraman

    medoraman Supporter! Supporter

    Eh, I buy what strikes my fancy.

    I know tons of people who have been trying to time the stock market the last decade. Almost every time I heard their plan it sounded logical, then they lost money. One of the cardinal rules of investing is to do the exact opposite of what small investors do because they react too much with emotion.

    So I use the same logic with bullion. I do not know where it's going, so unless it's at extremes like $1800 gold or $35 silver, I just buy what interest me at the premium. I adjust, like buying mostly platinum lately since I think it's a better relative buy, but just continue.

    I bet lots of people stopped buying Apple at $50 as well......

    What is the purpose of your PM pile? Mine is to offset financial risk. I do not know if stocks could tank, pm spike, or vice versa, so within a very wide range I try to keep buying slowly over time.
     
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  17. -jeffB

    -jeffB Greshams LEO Supporter

    I buy either one when I can find it enough below spot to guarantee a small profit on a quick flip. With gold at $1550, I might buy at $1500, would probably buy at $1450, would jump at $1400 or below. For silver, I want to come in a bit lower than that relative to spot. At current levels I'd expect to be able to sell (at a coin show) for 11 to 12x spot, so I'd buy at 10-11x.

    Obviously, I don't get a lot of opportunities to buy. That helps me control my impulses. :rolleyes:
     
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  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    I switched. I can still get nice Morgan's for $16 each. I'll stack those.
     
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  19. fretboard

    fretboard Defender of Old Coinage!

    Yes, I stopped as well! Prices are way too high for my reasoning! :D
     
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  20. ripple

    ripple Active Member

    Don’t blame you there. I’ve got a couple of coins in my Depression era collection that I consider “non bullion”. I can’t afford the top tier ones but I’m just interested in the history.
     
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  21. Collecting Nut

    Collecting Nut Borderline Hoarder

    The way I look at it is simple. Silver is a hair over $18 per ounce. That $14 of silver in every silver dollar. I can buy Morgan's for $16 each. Silver Dollars, especially Morgan's, have always brought a premium. I can sell them for $20 or more. For the $2 difference I'll be fine.
     
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