Discussion in 'Bullion Investing' started by fretboard, Sep 19, 2021.
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Still a firm no for me.
When silver hits $16-$17 again, it'll become a buy price. And with those prices the premium will need to be back to $.79 to $1.49 per T/oz.
My total, all inclusive, all in price is no higher than $17.50/oz.
That's an opinion I don't subscribe to. And IF you're correct, then no big deal. I just don't stack any more than I've got.
I'm not interested in buying at $17.50 if it's on the way to $15 or $12 again.
It hit $12 just last year, March/April '20.
That's when we saw premiums skyrocket to $6/oz. No thank you.
Again, my 'all in' price is a maximum of $17.50/oz. And I don't mean empty my investable funds to buy all I can at that price. I mean per ounce price, plus premiums, shipping, tax, everything inclusive, will not exceed $17.50. At that price I start buying again and dollar cost average as long as the prices remain below that price.
Patient? I'm as patient as can be. If prices don't retreat to MY buy in price, and I never buy another stackable bar or round ever, I'm totally fine with that too.
I do believe we'll see my price again, and it'll be in the not too distant future. Under three years IMO.
to store wealth on a budget
Yes, that's where I'm at as well!
To tell you the truth, there is not such thing as pure stacker. There is a small version of collector in all of us.
The premiums have certainly been high for American Silver Eagles. The prices have been $10 or so over the spot price.
Premiums always increase as spot drops. Sellers dont drop the price as long as people are still buying and when they do drop it its always very slowly.
I’m as patient as an oyster myself. I have enough to last my lifetime but if it drops then I’ll be more interested in buying. Some folks think it’s dropped enough to start buying. I still see it dropping so why even think of buying.
Definitely too high, way too high!
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