What is your worst bullion purchase?

I don't really regret any decisions as being terrible, horrific, major money losing mistakes. However, when I first start buying silver I bought 5 10 oz bars for around $220 each, or about $1100 total.

Had I waited a year or two or three for silver to continue falling, or even waited to today when it's started to go back up, I could have purchased those same 5 bars for around $180 each today.

My timing cost me $200. Like I said. Not even close to the end of the world, but an annoyance none the less.

How about you?

 

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I was never interested in buying generic bars & rounds. I was (successfully) searching boxes of half dollars for 90% & 40% silver at face value when most of the kids here were still in diapers, but I sold all of it when silver went over $40/oz.

However, I do collect all sorts of silver medals, and most of them were purchased when silver was below $6/oz. I still have them and have no intention of selling them unless silver goes up 100-fold. The 4.55 oz. medal below is just one example.

Chris

 

When I just started, I got an ounce for $22, but thats not too bad, considering that within the next few years silver will hopefully get up that high again.

 

The worst bullion purchase I ever made was buying a complete set of ASE's from Bob Chambers back in circa 2005. Paid double for what they were worth.

 

I've never looked back on any stacking I've done but I sure do wish I was doing it when Chris was at $6.00 an ounce.

 

It will probably never be there again unless an asteroid hits us.

Chris

 

I'm glad to hear that woo woo is dead. Sorry for your purchase.

 

I can't say I've had a real downer buy, but
I have paid a little too much for some cool pieces now that silver has dipped by half.
I buy what I like and pirate when I can.

 

Zombucks. I paid way to much for those generic silver rounds. I ended up selling them to a dealer at a loss. I was about to buy the Most popular one for $65 but ended up coming to my senses.

 

I just looked those up. Wow. Yes, that was a pretty dumb purchase!


I can add another of mine.

I once paid $7 for 2 40% halves when I first started buying silver and that was nearish to spot. Terrible purchase!

Fortunately all these years later those are the only 2 40%ers I have.

 

Considering i've never sold any off, I would say all of them, not counting the ASEs and generic rounds I was given as a kid. I would not lose money on anything if I sold it all now.

 

I paid $26 for BU ASE from Littleton a couple years ago. In all fairness, it was 50% off their usual selling price
Never again, though.

 

When I bought my first ASE back in 2013 for 37.00. Silver was up but I was just starting out with PM's and should have done a bit of homework on them before buying it. To Much of a premium.

 

Heck, Tommy, if I could have gotten $19K for my body, I wouldn't have thought twice about becoming a male hooker.

Chris

 

Bought 2 gold bars on ebay once, thought they were 1 gram, actually were .5 grams. Totally messed up math in my head ended up paying for $30 too much or almost double, it wasn't a large error but bothered me.

Then I sprang from 1 oz gold maple during whole Brexit thing, paid over 1300 an oz...won't make that mistake again. I think I will have to wait years to sell again above that price. Unfortunately, when gold is all over news and going up I want to buy;however, logically this is the WORST time to buy. I now am firm about keeping my buy price is under $1250 oz, preferably $1100 oz range.

I seriously doubt gold will ever hold at anything above $1350 anytime soon. $1100-1250, seems appropriate range for gold

 

Funny! A friend of mine worked at a "Baby Mill" in Ct. for about a year before they got shut down. He doesn't know how many kids he has. True story.

 

Too soon to tell for me. I've only started buying bullion for 10 months. I know some I've bought was when silver was a dollar or two higher than current spot. But, since my goal is collecting vs. investing it's not a huge deal. I only keep track of what I spend for insurance purposes and for my estate. All that being said, I don't like to lose or get hosed, but so far so good!

 

Buying a few things from the Perth mint, they like to advertise it as being collectible and charging extreme premiums but when selling it's basically just bullion.

 

Just like the US Mint and its gold for the 100th anniversary of the Mercury, SLQ and WL half.

Take my wife, please.