How low Below twenty until buying?

Discussion in 'Bullion Investing' started by slackaction1, Jul 1, 2022.

  1. slackaction1

    slackaction1 Supporter! Supporter

    Again, You guys are right I did not think it would dip below and now it could continue down before it levels off... bad or good I don't know... I need to slow my roll. stop, look, and listen. lowest I have found 18x face on U.S. Coinage... I was going to bid or offer on a IGR 1/2 kilo- sequentially serial numbered, sealed in plastic with COA 385ea. offered a few buck less denied. waiting game now which I suck at..
     
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  3. Treashunt

    Treashunt The Other Frank

    Well, it is opening at $19.51 today.

    I presume you are talking about silver
     
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  4. Heavymetal

    Heavymetal Supporter! Supporter

    My cash/CD position is about 15 times my bullion holdings. I’ll be an active buyer again. Probably double my purchases every $2 down.
     
  5. Treashunt

    Treashunt The Other Frank

    sounds good
     
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    I bought $2000 worth late yesterday. I’m pleased and it was all silver coins and mostly Morgan Dollars from 1878-1904.
     
  7. kanga

    kanga 65 Year Collector Supporter

    Now you sit back and wait for spot to recover.
     
    daniel a DiBiasio and -jeffB like this.
  8. Mr. Flute

    Mr. Flute Well-Known Member

    Bought $57 dollars (current spot) worth of silver 1974 Bahamas proof set and the base metals coins were basically free.
     
  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    It goes up and it goes down. There is no recovery. Just cost averaging.
     
  10. fretboard

    fretboard Defender of Old Coinage!

    Yes, it dropped below $20 and gold dipped below $1800. I'm thinking there's gonna be more days like this in our future but we'll see. Wish I had an inside scoop like the Youtubers! j/k laughhard.gif
     
    slackaction1 likes this.
  11. desertgem

    desertgem Senior Errer Collecktor Supporter

    Most of the YT "PM experts" are directing their watchers to opposite positions and they themselves try to grab the difference. When things get tough they can throw in some political or national problems and scare the watchers into over committing. Imagine that !!
     
  12. rte

    rte Well-Known Member

    Just get enough people together to influence direction.
    How many members would we need to influence?
    All acting in one synchronous movement like a computer AI bot?
    Let us know when to say when, keep us in the know.
     
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  13. masterswimmer

    masterswimmer Well-Known Member

    Spot price is only one component of the pricing of PM's. I'd need for spot to hit the $16-$17 range, WITH the exorbitant premiums to drop to $.79-$1.49/per oz we saw before the gouging started in March, 2020 when spot dropped to the $12/oz range.

    Yes, I know, I'm unrealistic with both of these 'wish list' requirements. I've heard it hear on CT ad infinitum. The thing is, if both of these parameters are not met simultaneously, I just won't buy again. No biggie. My hoard is big enough to never buy again at these prices. I'm very ok with that.

    When spot hit the $12/oz mark in 2020, and there was nowhere to buy it at those prices, and sellers began adding $5-$7/oz premiums, all my Ag silver buying ceased. Spot dropped to the lowest it had been since about 2009 and yet there was none to be had.....unless of course you were willing to pay $17-$19/oz with the premium. That price was higher than the spot price just a month prior with the realistic premium of $.79-$1.49/oz.

    Fortunately for me I've been an accumulator for over 50 years. I had the historic benefit of buying Ag when spot was still in the $2-$6/oz range. New/younger collectors didn't have that luxury, so if they want to accumulate Ag now they are relegated to paying these extortionary premiums. I feel for all of you in that boat. Hopefully you will get to see those spot/premium prices I stated above. If you do, I'll be buying along with you.
     
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  14. TheFinn

    TheFinn Well-Known Member

    The paper price is one thing, but the physical price is much higher. They call it a “premium”, but it’s just the difference between paper and physical.
     
  15. slackaction1

    slackaction1 Supporter! Supporter

    Wait now!! what? paper price is spot and to hold it is premium? cant be no way it's too simple even I finally catching on..
     
    Last edited: Jul 2, 2022
  16. slackaction1

    slackaction1 Supporter! Supporter

    Dang it Mr. Flute, you're always beating me with those spot deals, with your research and finds. I am going to get me a new horn and blow by you someday... happy 4th.
     
  17. slackaction1

    slackaction1 Supporter! Supporter

    You know the mint will lowering their prices since it dipped below the 20-century mark. LOL The BLUE BOOK on U.S. Coins says it ASE prices are based on 15.00 spot value silver price. It may be right again if it drops
     
    Last edited: Jul 2, 2022
  18. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, I won't be holding my breath.
     
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  19. masterswimmer

    masterswimmer Well-Known Member

    Maybe you can hold your bated breath ;)
     
  20. Mr. Flute

    Mr. Flute Well-Known Member

    It’s about living in a high portion of the third largest metro int nation…and having several good shops within 15 mins of work.
     
    Cheech9712 likes this.
  21. -jeffB

    -jeffB Greshams LEO Supporter

    $19.25 at the moment, with Coinflation's melt calculator under 14x FV.

    I'm not ready to call a bottom.
     
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