Just purchased 1800 ounces of kook's...

Talk about backing the truck up!
You will need to do that literally with that instant stack.
Sounds like you bought for a very good price and Kooks are great IMO.
You should do very well with those so long as you are prepared to hold em a while.
Another relatively small dip again at the end of this week and metals will then start a steady climb back to $35.00.
Be patient all, it's almost over.

 

Thanks! Yeah, My stack more than tripled with this purchase. I had been buying since 26$, 22$....and today was probably my last.

I love the optimism.

I think if it dips to $18, I'd consider purchasing more...but, I don't want my cash reserves to be depleted, as I never want to be in a situation where I NEED to sell.

I love the Kooks. They are a beautiful coin. I hope the coin continues to increase in value over spot as well...helping my investment.

I'm in no hurry, as I'd love to play with them for a while

 

With the premium that you paid it's definitely a great purchase, well done.

 

Good on you mate!
We'll see how the price goes... A bit of an uptrend would be nice for a change!

 

Why did you decide to buy 10oz coins over 1kg coins?

 

I'm an american...and, I guess oz's just make more sense to me. Plus, the size suits me...over 2lbs a coin just doesnt appeal to me. I guess personal preference?

 

How do I delete this post!

 

Could be worse, you could be buying Panda's in China or paying 20% VAT

 

in 3-5 years I think you will cry not laugh as you realise they are worth about the same as today but yu buying power was eroded with inflation, as we are in for a long period of sideways movements.

 

if you call 15-20+ years "almost over" lol

 

You did well. If your holding for the long term nooooo worries

 

you own 0.4% of the entire 2011 10oz kooks produced

 

Woops.

 

He said he got Kooks not Koalas

 

I hope you americans don't pronounce them 'koukabarrows'

...they're pronounceed cook-a-burra

 

Well even with sideways action for the next 5 years, those cooks should increase with value as the Perth Mint shouldn't be minting anymore. So they will gain a collectors premium.

 

hopefully, i do agre he got a good buy and it should increase above a standard 10 oz bar but that will probably not keep up with inflation

 

I disagree Court Jester. I think that we are just seeing an exaggerated pull back in silver (and also heavily manipulated push down of the price) this is just a pull back in a much larger bull market move. in my opinion, silver is going to head a lot higher, especially when you think about how they are increasing the monetary base so much, paper money is become less worthless. I think in the long term silver will perform well. And I think these kooks will perform better even if silver does not live up to my expectations.

 

long term yes but long term 30-40 years

nah for 2 yers it as been slipping in price it is a long sustained pull back that could go much lower yet. but we wont see $35 again for 10 + years at the minimum

 

Just curious, if it really is the end of a bull run for PMs, what is the time period that we are looking at before PMs start its ascent once again?

Taking into consideration that the bull rally was exceptionally long, especially when compared with other asset classes.