Long Position on Silver and Gold?

[Batteriesnare]

Can't believe it - made an investment in some silver, and the price went up after the fact........ Weird!

Well, there went that idea.

[Sawin]

Well, there went that idea.

go buy more. In all seriousness, if you can find more physical PM's without suffering an intolerable premium over spot, go buy more.

[Batteriesnare]

Agreed, perfundsallow.

It was nice to think I'd made the right value move for once - my investing has always been indicative of a downswing to this point. Still would rather have it than paper though.

go buy more. In all seriousness, if you can find more physical PM's without suffering an intolerable premium over spot, go buy more.

[Sawin]

Agreed, perfundsallow.

It was nice to think I'd made the right value move for once - my investing has always been indicative of a downswing to this point. Still would rather have it than paper though.

Welcome to the club, my friend!
I am absolutely in the same boat, as are most of us these days. The last several years have been nothing but down-trend, so buying at any point in the period has proven "overpriced" compared to today. It's all about hedging bets against inflation and the USD for me, and right now anyone who's able to find PM's to buy is really helping their average price per oz to drop back down to a respectable figure... unless you're just entering the game...

[Aloha_Shooter]

People buying monster boxes and keeping them caused shortages. Institutional banks buy large bars. Monster boxes are 500 oz 500 American Silver Eagles.

https://www.golddealer.com/product/1...ex-silver-bar/

Something has been bugging me about this statement since I first read it and I just figured out what it is. People buying cases of ammo and holding onto them created ammo shortages but ASEs are meant to be kept. What else do you expect people to do with them? Also, I've never worked in or for an institutional bank but I would expect said banks would purchase investments they can unload on the market quickly and easily. It's a lot easier to find buyers for 1000 ASEs than a 1000 ounce bar.

[MrPrena]

What I need is for the US dollar to go down a lot (Don't have a lot of these anyway) and for PMs and energy futures to skyrocket (have lots of these)

uuhhhhgggggg. I should've listened to you and just did a quick trade on what you said on PM. That would've been a quick free money.

[hghclsswhitetrsh]

Aydin has silver Eagles for $99/5 for the next few hours.

[HoneyBadger]

uuhhhhgggggg. I should've listened to you and just did a quick trade on what you said on PM. That would've been a quick free money.

Ha! Don't ever take investing advice from me! I am a rookie with much to learn.

[brutal]

Better deal (check/ACH price) at Provident unless you want to use a CC I guess.

http://www.providentmetals.com/1-oz-...ixed-date.html

http://www.providentmetals.com/2015-...lion-coin.html

Premiums on ASE are just stupid right now.

[brutal]

Provident has Prospector rounds for .89 over spot.

http://www.providentmetals.com/provi...ver-round.html

Mixed year ASE for 19.06, $3.19 over spot. Not a bad deal considering earlier supplies and premiums.

http://www.providentmetals.com/1-oz-...ixed-date.html

I'm on the fence. Low cash reserves and uncertain employment outlook 90+ days out.