Prices are high

Discussion in 'Bullion Investing' started by FryDaddyJr, Jan 12, 2020.

  1. FryDaddyJr

    FryDaddyJr Junior Member

    Is anyone buying?
     
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  3. tommyc03

    tommyc03 Senior Member

    I'm not buying roast beef at $12.99 a lb.;):D PM = Precious meat right?
     
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    I buy silver coins but I'm not stacking bars or rounds. Sine I can still get Morgans and Peace Dollars at $16 each I continue to buy those.
     
  5. FryDaddyJr

    FryDaddyJr Junior Member

  6. TheFinn

    TheFinn Well-Known Member

    My local coin dealer has people bothering him to buy Palladium. He won't get any in for them - he is looking out for them in the long run. Just shows how stupid the public really is. Buy High - Sell Low.

    You need to do what Warren Buffet says, Buy when prices are low and nobody wants something, sell when prices are high and everyone wants it.
     
  7. ripple

    ripple Active Member

    I’m nibbling around the edges for little things that I like but I’m in no hurry to buy anything for pure silver. It just seems like it should be much cheaper in this economy.
     
  8. FryDaddyJr

    FryDaddyJr Junior Member

    Gold hasn't been low in years. need to find a reasonable dip
     
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  9. FryDaddyJr

    FryDaddyJr Junior Member

    Historically isn't Platinum low? I don't want to play with that stuff though
     
  10. TheFinn

    TheFinn Well-Known Member

    I will buy all of the platinum I can get if the premium is low. Every dog has it's day.
     
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  11. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    It is incredible how that works. I bought the bulk of my gold in the late 1990’s. The best lucky purchase of my life.... Then in 2011 I got silver fever when it hit $30.00. I sure paid for that simple lesson! I’ll never buy high again.
     
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  12. ripple

    ripple Active Member

    @Randy Abercrombie, I agree and that was part of my reasoning for a thread that I had about supply and demand. A lot of people got that silver fever during that time and that makes me wonder if there is a spike in price, would the market get swamped with sellers that will prevent the levels that we seen then? It’s just a nagging question on my part and I’m not trying to act like an expert.
     
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  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes it is. :)
     
  14. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Well, I think by and large that people have short memories. Didn’t we have a crazy silver spike back in the 1970’s? Folks lead such busy lives these days that I don’t think most average hard working folks pay attention.... Until we have a crazy spike. Then every TV coin guy is selling silver, it is all over the news and as a result everyone wants in on it. I think there will be plenty of buyers out there if we see another big spike.
     
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  15. FryDaddyJr

    FryDaddyJr Junior Member

    not everyone has another 50 years to wait...LOL
     
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  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    In an average lifetime silver will rise 3 times. No, I do not have an average for ones lifetime. I can clearly state that I am 65 and silver has had 2 of these spikes already. If silver rises soon and doesn't wait 20 years for it to happen again I may see it a fourth time. I'd be old enough that I wouldn't care anyway.
     
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  17. TheFinn

    TheFinn Well-Known Member

    I sold all of my silver in April 2011 at $45/oz. ASEs at melt. People couldn't believe I was selling, I couldn't believe they were buying.
    I guess we know who was right.
     
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  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Buy / Sale Threshold has not been reached, currently in a holding pattern
    over LAX...LOL
     
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  19. rte

    rte Well-Known Member

    I took a step back and am buying a few things to get PM's out of the ground easier.
    The other foot is still with the group that are buying what they like.
     
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  20. rte

    rte Well-Known Member

    What do you consider high?
    This piece sold for 2/3 the cost of the next one listed.
    Screenshot_20191222-091843_eBay.jpg
     
  21. Bman33

    Bman33 Well-Known Member

    I've been buying rounds and 10oz bars. Silver Eagles are too expensive now for me. I did pre-order some Silver Eagle tubes back in November though. Should be coming in. Gold is high and I haven't bought much in the last six months. Platinum I am cautious with. Palladium out of the question.
     
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