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The price of silver and gold goes up, time to buy Generic bullion
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<p>[QUOTE="InfleXion, post: 1782255, member: 29012"]Just my 2 cents, but I look at things reverse. Buy generic when the price is low, because when prices go back up it will eat into the premiums on the more expensive coins.</p><p><br /></p><p>For example, eagles are typically between $2-4 over spot, and up to $8 in the recent bottom. Generics are typically $1-2 over spot, and up to $5 in the recent bottom.</p><p><br /></p><p>Either way you are saving around $2-3/oz by buying generics vs. eagles. At $20/oz that means you get an extra ounce for say every 10 ounces you buy.</p><p><br /></p><p>Now say hypothetically the spot price doubles up to $40/oz. If you bought eagles you will need their premiums to also double in order for generics not to have been the better play.</p><p><br /></p><p>Sure if the price goes down then those eagles will have better resale value, but if your concern is downside then you want gold more so than silver, and if you think it's going down then why buy any at all?[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1782255, member: 29012"]Just my 2 cents, but I look at things reverse. Buy generic when the price is low, because when prices go back up it will eat into the premiums on the more expensive coins. For example, eagles are typically between $2-4 over spot, and up to $8 in the recent bottom. Generics are typically $1-2 over spot, and up to $5 in the recent bottom. Either way you are saving around $2-3/oz by buying generics vs. eagles. At $20/oz that means you get an extra ounce for say every 10 ounces you buy. Now say hypothetically the spot price doubles up to $40/oz. If you bought eagles you will need their premiums to also double in order for generics not to have been the better play. Sure if the price goes down then those eagles will have better resale value, but if your concern is downside then you want gold more so than silver, and if you think it's going down then why buy any at all?[/QUOTE]
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The price of silver and gold goes up, time to buy Generic bullion
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