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moboman
1000+ Penny Miser Member
USA
2555 Posts |
 Posted - 04/01/2008 : 22:06:07
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I was leary to buy too much when it was around $20/oz so I bought some...
Now that it is down, I'd buy some, but its been down $.60/day lately. Gold has is below 900/oz now. So... What are you guys doing? Are you buying more right now or are you trying to wait till it hits the bottom and then your going to but it up?
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"99% of all lawyers give the rest of them a bad name" 
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aloneibreak
Penny Hoarding Member
USA
672 Posts |
Posted - 04/01/2008 : 22:53:00
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i'll wait until it hits rock bottom if you let me know when that is.
im just buying a little here and there. mostly silver though. |
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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Nickelless
Administrator
USA
5580 Posts |
Posted - 04/02/2008 : 00:00:08
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| I've been buying as much silver as possible per paycheck every two weeks, mostly on eBay until I get settled after the move and can find a coin dealer in Kentucky. I think $20/oz. is my comfort threshold, and if I can't get silver at or below spot when it's below $20, I plan to split the cash I'd otherwise use to buy silver and sit on it in the bank for a moment. I'm planning to get a Ryedale machine as soon as I get moved, then put money toward copper unless I can get silver at a decent price. I guess I'm more of a silverbug at this point than a copperhead. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 04/02/2008 : 06:31:33
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I'm always buying....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/02/2008 : 06:51:12
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| I'm always buying when I'm in the big city, but I have about $5,000 I'm holding off on spending until I see prices fall some more. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 04/02/2008 : 06:54:00
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What is low enough? Just wondering....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/02/2008 : 07:11:24
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quote:
Originally posted by NotABigDeal
What is low enough? Just wondering....
Deal
Me too Deal. I don't even know what silver is at today because the Kitco on my home page is down again but I'm thinking we may see $15.00 silver or lower this late spring or into summer. We are going into the traditional low season for PMs. I don't know why, but PMs often if not always take a dip then. I have learned the hard way to hold off on my big buying until then. That is not to say PMs can't hit the moon this spring/summer, but it's a chance I'm willing to take right now. That could change tomorrow. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 04/02/2008 : 07:24:29
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| I am holding for now and trying not to puke. I have considered buying more, but so far have not pulled the trigger. Just remember that the average Joe was selling gold and silver during the last run-up. This is exactly opposite of what should happen at the top of an irrationally exuberant market. So I don't think we are cooked yet (of course anything is possible). Meanwhile, I'll take another kick to the gut please... |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 04/02/2008 : 10:30:45
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Having cash on hand to take advantage of sudden opportunities is a great strategy, Ardent.
I do the same, yet I am still buying Au every two weeks like clockwork. It really doesn't matter what you pay if you're planning on holding it for twenty years. |
Edited by - starwarsgeek171 on 04/02/2008 11:16:41 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/02/2008 : 15:19:24
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| Buying Ag like crazy over here and plan on holding for the long term unless it goes to $25 in the near future, then I might sell a small percentage of it. I like the security of having physical silver and a little gold in my hoard. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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n/a
deleted
35 Posts |
Posted - 04/02/2008 : 15:57:01
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| I agree with starwarsgeek buying up as much as you can afford is the way to go.If you can sit on your hoard comfortably for a good number of years you can't really lose.remember unless we start mining on the moon or mars there is only so much metal to be had. |
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Nickelless
Administrator
USA
5580 Posts |
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davycoppit
Penny Pincher Member
USA
126 Posts |
Posted - 04/04/2008 : 14:03:06
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| Right now I only buy the really good deals I can find(usually cheap sterling and gold filled items). But,I'll be graduating this May, then every spare penny will be going into metals for the next couple of years. |
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Art Tatum
Penny Collector Member
USA
400 Posts |
Posted - 04/05/2008 : 01:12:51
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I buy the one ounce A-mark bricks when i can find them in any quantity worth bothering with.......
been buying them since 1980 when they started making them and they showed up in silver/gold exchange stores.I'm in at $3.00 to $15.50 per. |
my machine is running! |
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Saul Mine
Penny Collector Member
USA
343 Posts |
Posted - 04/06/2008 : 11:59:55
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| If you study the charts from 2000 to present you will see that silver jumps in winter of even numbered years, drops in spring back to the high of the previous year, and bounces from one number to the other the rest of the time. In other words, silver will go from $16 to $21 several times in the next 18 months, and then it will make another spectacular rise. Plan accordingly. You can do about as well with a lot less excitement by holding gold for the same period, putting extra funds into silver. |
A penny sorted is a penny earned!
Please use tinyurl.com to post links. Long links make posts hard to read. |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 04/07/2008 : 18:24:04
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| I buy at least a little silver every week, even if it's just a few Quarters or dimes. I also roll search for copper. It's kind of funny, but most of my silver coins come from selling scrap metal! Whenever I take in a load I always buy Gas for my truck, and some silver for my small hoard! |
Are you throwing that out? |
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Art Tatum
Penny Collector Member
USA
400 Posts |
Posted - 04/11/2008 : 01:32:11
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| Saul, that is amazing data! |
my machine is running! |
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n/a
deleted
85 Posts |
Posted - 04/11/2008 : 08:13:59
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| I'm buying copper cents now. I don't know where you guys get your money but if I'm saving or hoarding $100-$150 a week in cents I don't have a lot of extra cash to work with. |
"The key to building wealth is to not lose money." - Warren Buffet |
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fiatboy
Administrator
912 Posts |
Posted - 04/11/2008 : 11:30:17
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quote:
most of my silver coins come from selling scrap metal!
Whenever I go to the scrapper, I always use the cash I get to buy precious metals. I get a kick out of "trading up" from trash-heap scrap metal to something like .999 fine silver.
One man's trash is another man's bullion. ha! |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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misteroman
Administrator
USA
2565 Posts |
Posted - 04/11/2008 : 22:13:01
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| ^^^ that is a great way to increase the hoard at others expense |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 04/11/2008 : 22:58:29
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quote:
Originally posted by fiatboy
quote:
most of my silver coins come from selling scrap metal!
Whenever I go to the scrapper, I always use the cash I get to buy precious metals. I get a kick out of "trading up" from trash-heap scrap metal to something like .999 fine silver.
One man's trash is another man's bullion. ha!
That's what I do too. It works very well for me as well.
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 04/15/2008 : 21:02:08
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That's how I got started in all of this.
I sold some scrap, there was a lot of copper and a couple hundred pounds in batteries. I then wanted to invest that money in some metal. The first coins I bought were a $50 gold eagle and a proof 1987 silver eagle. This was just a couple months ago.
Now, I've got some more silver, and I've got a ryedale, coin counter, and am sorting a lot of copper.
I need more scrap!!
I forgot to mention, all copper was legally attained by me from work. Copper data wire and things. Batteries have been sitting in my garage for a while. |
"99% of all lawyers give the rest of them a bad name"
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 04/16/2008 : 23:28:24
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| Have been buying junk silver coins but now the collector in me is starting to take over and I am searching for NGC or PCGS higher graded (prefer MS-65 or better) certified Morgan dollars. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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n/a
deleted
6 Posts |
Posted - 04/17/2008 : 02:58:34
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| Me?....I'm spending every barter chit I can muster on silver trusses (unwashed),... and alloy condoms (alloy for flexibility = @ $1-$2/oz., I can melt 'em down.) |
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n/a
deleted
6 Posts |
 Posted - 04/17/2008 : 03:01:46
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quote:
Originally posted by moboman
I sold some scrap,
I need more scrap!!
I forgot to mention, all copper was legally attained by me from work. Copper data wire and things. Batteries have been sitting in my garage for a while.
LIAR!!!!!javascript:insertsmilie(' ')
Smile
METH HEAD!!!javascript:insertsmilie(' ')
Shocked |
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n/a
deleted
6 Posts |
Posted - 04/20/2008 : 15:56:26
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"I don't know where you guys get your money but...."
,.......uhhhhhhhhh,......WORK!??! |
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What are you doing, purchasing wise.
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