Long Position on Silver and Gold?

[hghclsswhitetrsh]

Well put sawin. I agree.

[sellersm]

I stopped calculating how much down I was after 10 or 12% on my physical bullion, simply because it doesn't matter much for my intentions... The whole reason why I bought any at the prices it has been these past 3-4 years is because I wanted insurance and diversification from the USD. That still stands true today at these lower prices, so I continue to buy a little at a time and let dollar cost averaging do its thing. I never do anything "all at once", so the idea of "getting out" is not even under consideration. I will keep my bullion until I retire and am forced to liquidate because I'm broke, or I'll leave it my heir(s). If it spikes, I will sell the portion necessary to get my money back, and maybe a portion beyond that based on profit margins, but never all of it...
Personally, I will continue to buy a few ounces here and there as discretionary $ allows...especially as the price drops. If time proves that I "over spent", well dang, I made a poor investment time-wise, but I still own it and have at least that little bit of security that I didn't have before...

^This. As mentioned in the other 'precious metals thread', we all have our different reasons for 'investing' in PM... My reasons are close to what you stated.

I'm glad to hear that local mines are 'busy'!

[sellersm]

Glad to hear this! My SLW shares haven't been doing well the last year, time for a change.

What are the stock trading names of some of these other places?

[roberth]

I stopped calculating how much down I was after 10 or 12% on my physical bullion, simply because it doesn't matter much for my intentions... The whole reason why I bought any at the prices it has been these past 3-4 years is because I wanted insurance and diversification from the USD. That still stands true today at these lower prices, so I continue to buy a little at a time and let dollar cost averaging do its thing. I never do anything "all at once", so the idea of "getting out" is not even under consideration. I will keep my bullion until I retire and am forced to liquidate because I'm broke, or I'll leave it my heir(s). If it spikes, I will sell the portion necessary to get my money back, and maybe a portion beyond that based on profit margins, but never all of it...
Personally, I will continue to buy a few ounces here and there as discretionary $ allows...especially as the price drops. If time proves that I "over spent", well dang, I made a poor investment time-wise, but I still own it and have at least that little bit of security that I didn't have before...

Well put sawin. I agree.

Sawin is right on! Terrific post.

Remember, if you don't physically hold it, you do not own it.

^This. As mentioned in the other 'precious metals thread', we all have our different reasons for 'investing' in PM... My reasons are close to what you stated.

I'm glad to hear that local mines are 'busy'!

I'm glad those mines are getting busier too.

[Aloha_Shooter]

Surprised no one mentioned APMEX as a source. It's the PM exchange Ann Barnhardt recommends -- whether or not you're a fan of hers, their prices seem pretty competitive.

Example: 2013 American Silver Eagles (1 oz), price as of Oct 14, 10:36 MDT
APMEX: 1-19 @ $25.96, 20-99 @$25.46, $50 min
Kitco: 1-99 @ $25.07, $2500 min to ship
Northwest Territoritorial: 60-119@$25.48, 60 oz min
JH: @$25.49, $1500 min

[sellersm]

Check out Westminster, Provident Metals, Silver Towne as well. They're very competitive as well, depending on what you're buying (and when).

[ChunkyMonkey]

Surprised no one mentioned APMEX as a source. It's the PM exchange Ann Barnhardt recommends -- whether or not you're a fan of hers, their prices seem pretty competitive.

Example: 2013 American Silver Eagles (1 oz), price as of Oct 14, 10:36 MDT
APMEX: 1-19 @ $25.96, 20-99 @$25.46, $50 min
Kitco: 1-99 @ $25.07, $2500 min to ship
Northwest Territoritorial: 60-119@$25.48, 60 oz min
JH: @$25.49, $1500 min

Just go through ebay for small amount from apmex, mmc etc. sometimes they have cheaper or free shipping. Under $500, buy locally to avoid shipping. I can get $3-5 over spot locally.

[sellersm]

There's also http://www.gainesvillecoins.com/

When SilverTowne has their free shipping deals, or Provident Metals, I've been able to get items for less than local prices! In the Springs, I shop at Hallenbeck since Dave closed his store (CO precious metal & coin, or whatever it was called). Dave's assistant, Jan, now works for Hallenbeck.

[rondog]

What are the stock trading names of some of these other places?

Go to Kitco.com for great info about all aspects of precious metals and their stocks, also stockcharts.com is a good place to track them.

[davsel]

There's also http://www.gainesvillecoins.com/

When SilverTowne has their free shipping deals, or Provident Metals, I've been able to get items for less than local prices! In the Springs, I shop at Hallenbeck since Dave closed his store (CO precious metal & coin, or whatever it was called). Dave's assistant, Jan, now works for Hallenbeck.

I usually buy online from APMEX and sell locally at Colorado Coin Galleries on Maizeland Rd at Academy Blvd in Colorado Springs.
I'll have to check out Hallenbeck.