Bought on the Dip

Provident have been busy these past few days. They sell three basic tiers of ASE with .20¢ difference in price each step:

ASE: off-quality (toned, nicked, hazy, spots, prints)
ASE: BU random dates
ASE: 2010 or whatever the "new" bullion coins straight out of the box.

Since the 'dip' Provident must have processed many orders or sold most of their lower tier ASEs in stock at their sell range, as of yesterday, Provident only have new 2010 ASEs and the much higher priced 'new' past dates in stock, priced much more than 2010s. All off-quality and random BU ASEs are not currently available.


I placed my first ever order with Provident last week during the dip and had it in hand, safely packaged and sent securely via USPS signature confirmation just four days later. APMEX takes four days to confirm, process and inform the USPS they will be shipping a parcel.

 

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I got mine and more coming!

Yeah just got my shinny new ASE's today.

 

Welcome

What did you buy and from who?

 

They now have the BU dates our choice ASE's back up...just a heads up if anyone is interested.

 

I noticed that as well, and that there is now a .30¢ price gap between new 2010s and BU random dates:

2010 NEW: $20.79
BU random dates: $20.49

The Off-quality ASE are back in stock as well, a bit higher now with silver up this week: $20.39

They also must have gotten in a lot of OGP Proof ASEs and NGC certified ASEs because their eagle product pages have almost doubled in available inventories.

 

I ordered Random Date BU Uncirculated from APMEX and they sent me all brand new 2010's

 

I've done and received the same in the past. It's never worth paying the extra premium from them on the 2010s when there's a good chance thats what you will receive for ordering the random BUs.

 

Recieved my order from Provident and it was well packed, exactly what I ordered and no suprises. Ordered on Sunday and recieved on Friday. For this remote of an area, I'm happy.

Now, do you think it is worth it to order while silver is still under $18.50 and buy more at just over $20, or hold off? I have a couple days to watch the news, but any thoughts would be appreciated.

 

Today my AGE's arrived. They look a little smaller than the Silvers. I will have to see them side by side. In any case they are awesome looking coinage! Funny that they shipped my silver seperately from the gold.

 

Sizes for your reference:

1 oz. ASE: 40.6mm

1 oz. AGE: 32.7mm

 

Glad to hear you got your order in secure and as expected.

I'm happy to hear the shipping was swift as well. I noticed they put a new ad on the front page that shows a USPS pre-printed Priority Mail box speaking to their delivery method, security and timeliness.

As for buying more now, I cannot say as I don't know your personal financial goals (long/short) how much you are looking to obtain and for what reasons (percentage in your portfolio needed for x reason(s)) and how much cash you have invest. It's something only you really can answer based on your individual goals. And it's not something that I'd expect you to post detailed or sensitive information about in the thread.

As for the current price of silver, I think it has plenty of room to increase in price and that we will find it available for lower prices during periods of volatility. I tend to feel it's safe to buy at current prices if you are secure in your investing goals and other finances. A dip in price of a $2-$3 dollars from current ask prices isn't something to worry about especially if you have a longer term goal in mind. I also feel it's best to buy bullion by the tube if you can do so to lock in the best possible price at the time you decide to buy. Just my 2¢. :smile

 

Thanks! I found this site http://www.onlygold.com/TutorialPages/Coin_specsFulScreenVersion.htm

And used my scale and calipers on them. All checked out ok

 

Cool, that's a handy chart of coin specs, thanks for the link. :smile

 

Gold ETF's and certificates / no gold just numbers

From what I have read,most these ETF gold funds only have 1 oz per every 100 paper oz's they sell.It's ironic that people run to these gold ETF's for security when in reality the end result is still paper.I think it's a scam for these gold fund's to charge storage of something they don't even have.All they are storing are numbers on a computor screen.Scotia bank here in Canada sells gold certificates but it clearly states that they don't have to redeem them in gold but paper money backed up by the assets of the bank.If there is ever a run on this paper gold the price of could skyrocket.Backing these certificates with out the actual gold tells me that there is a true shortage.

 

I bought when a had a DIP in! then like always it goes down

 

At which point you had another buying opportunity. :smile

 

I just want people who read this to know that you have no idea of what you are talking about. NOTHING in the above statement is true.

 

I've read that too. It's a good illustration of how much hogwash you have to wade through when you're trying to research precious metal investments on the web.

GLD, for example, publishes the weights and serial numbers of the bars they own. The only case I know of where someone charged a storage fee without storing the gold was the Morgan Stanley scandal.

 

What do you think will happen next week to silver. Still hover in the same neighborhood? Go down a little? Maybe rise? Any takers on what happens and why?

 

As long as this is recognized as a guess, I think silver will go up. The downtrend is over for now. Of course, nobody can predict short term movements in active markets with any high probability of success.