Silver and Gold Prices

Discussion in 'Bullion Investing' started by icollectoldmoney, Mar 6, 2015.

  1. Jaredbd

    Jaredbd Active Member

    Im 24, and im stacking silver.... I wanted some gold, just recieved my 1/10th and 1/4th gold eagles. I hope prices continue to fall so i can buy my ounce gold eagle.

    ASE2015 likes this.
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  3. ASE2015

    ASE2015 New Member


    I started a few ago about the same as you are. I bought some gold as well, although I have much, much more silver.

    I'm not sure if you are aware of the gold to silver ratio or not. If you are set on buying up precious metals (which I understand why you would be, you have decades to accumulate and wait for higher prices or dare I say dollar collapse), then you should probably buy silver instead of gold until the ratio comes back down. Historically the ration is around 1:15 - 1:20, which means that it takes 1 oz of gold to get 15 oz (or 20) of silver. For the past couple years that ratio has been around 1:70ish.
    Jaredbd likes this.
  4. coinman1234

    coinman1234 Not a Well-Known Member

    I remember spot being $33 an ounce for silver when I started in 2012, I bought so much for that price and am now sad I did not wait.
  5. saltysam-1

    saltysam-1 Junior Member

    5%-7% of my investment fund is PM. This will never change. You buy when your percentage needs to come up to meet minimum. You sell when it exceeds maximum. Then you are using your PM's as they are best intended. As a hedge against inflation or a safety net in difficult times. There is no speculation, no stressful situations and no decisions to be made. It is automatic.
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Just buy periodically....don't try and figure out when or where is the bottom, billionaires with 100 staffers and super-computers can't do it.

    Just buy periodically...every month, every 3 months...whatever.

    Also save $$$ for stocks and bonds ! :D
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    You HAVE to let time and/or volatility work for you, not against you.

    Unless you can afford the risk and/or have plenty more $$$, you never want to 'load up' on ANY financial asset that quickly.

    That's not investing, it's speculating.
    imrich, coinman1234 and saltysam-1 like this.
  8. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Refiners have not been helped by OPEC. Refining for most of the 1980's and 1990's stunk as a business, contrary to moronic politicians who never read a balance sheet.

    Beware the Cushing Glut !

    No, WTI moved from $43 to $54 -- that's why gasoline moved up. Also, we are moving out of shoulder season.

    SA isn't cutting production. Too much stuff is going to flood the markets above $80/bbl, at least 10 mmbbl./d by my estimates by 2020.
  9. Jaredbd

    Jaredbd Active Member

    I'm excited.
  10. coinman1234

    coinman1234 Not a Well-Known Member

    I never bought real silver bullion but nice old silver coins, like BU Morgan dollars, and other more collectible coins. I agree with what you say, I should have spread out my buying and wait for silver to go a little down. The problem was that I was new to the hobby and stupid at the time, I never looked at any charts or anything.
    I guess after being in the hobby for a little time I can make better decisions on investing.

  11. Murphys Mike

    Murphys Mike Member

    I like the advice I see most often, buy what you like and enjoy it. My best investment has always been real estate. Not making any more. I keep buying PM as the price drops because I want to own tangible assets. I buy coins to enjoy and learn from. Thank you all for your thoughts.
  12. WingedLiberty

    WingedLiberty Well-Known Member

    Silver at $9 is a buy ... at $4 a screaming buy. I wouldn't dive in here.
  13. stgecko

    stgecko Junior Member

    They make me want to buy silver! Maybe some gold too. This seems like a good idea to me. Now if my refi comes in I'll be able to buy more than my initial thinking.
  14. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    maybe over the next few weeks prices will keep dropping.
  15. Westtexasbound

    Westtexasbound Active Member

    Technically they aren't making any more gold and silver. Just haven't found it all yet.
  16. icollectoldmoney

    icollectoldmoney ANA Member:3192499

    well whatever happens the prices have dropped lately wonder if they will keep falling over the month of march or they will start climbing.
  17. Zlotych

    Zlotych Member

    If it's down I consider it a sale. Buy low. Too many people wait for hype and buy things at a peak instead of buying "when there's blood in the streets". Bought the heck out of oil stocks a month ago when it bottomed. Now I'm looking at 10% gains and rising to who knows where. If everyone hates it, that's when you buy.
    Garlicus likes this.
  18. Ken Walker

    Ken Walker Member

    Stick to Quality and scarce that have no relation to bullion. Consistently gone up in vale over the last 40 years I've been trading, you can also sleep better at night
  19. fretboard

    fretboard Defender of Old Coinage!

    The reasons the prices went down is b/c of the reasons below. It's not a big deal, after all we are about to start wompin' on ISIS within the upcoming year. Time will tell where the prices end up, don't listen to a bunch of opinions from an open forum. Could be some of the people are robots. laughhard.gif
  20. enamel7

    enamel7 Junior Member

    They will go back up next week from Friday's drop. Happens everytime wall street panics about possible rising interest rates.
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Actually, you're not stupid...I see lots of people making the initial error of plunging too deeply with investing. With tangible assets like coins, it's that much more addictive because unlike stocks and bonds, you can hold your investment in your hands.

    Making mistakes is actually GOOD as long as you learn from them. Trust me, I made my share of doozies over the years but I did learn and am that much the better for it.
    imrich and coinman1234 like this.
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