bought a little purchase as you probably know of a couple of 5 gram bars of gold recently after watching gold come down a little,, 2 weeks on the price has dropped further so I am down in monetary terms, but not planning to sell didn't want to try and to get into metals to lose money at least break even if it didn't work out now im very cautious over pricing before jumping in have any stackers had a similar experience did you learn a hard lesson? did it put you off more purchases? did you feel like giving up and selling at a loss? ive learned the hard way ok it was only 275 it could have been a whole lot more just wondered if stackers have made bad calls and what your reaction was after your purchase regards
thanks for reply , thought it was only me , isn't it a sickening feeling much like buying shares and watching em go down heres the thing though renovator then you see it tumble and you think shall I shall I you don't and the spot goes back up or you buy and it keeps on falling arghhhh
If buying something and watching the price fall further gives you a sickening feeling then you should probably just leave your money in the bank.
Yeah, welcome to the club. I reckon if we all got together and coordinated our buying activity, the bullion price would crash so badly that it would bring down the global economy.
It's funny when I buy shares and watch the price go down it's sometimes a sickening feeling. I've been buying physical PM's for the last 2 years, 10 years before that just holding unallocated. When the price goes down I don't feel anything, rather I buy more. For me it's how I view them. I see PM's as hard currency and a hedge against inflation as well as an emergency nest egg. If I was only holding for a year or two obviously I would change my strategy but this is for the long term (15+ years) and something I may even pass down to the future generation.
no im quite used to buying stocks and losing money, the 5 gramm bars have left a sickening feeling but I think ive learned a good lesson , no I want to carry on stacking , im learning all the time with this excellent site the only issue I have with buying silver is im very aware that bigger bars etc get you closer to spot or bigger rounds purchases but the bigger bars may be harder to sell so if your left with smaller weights then the premiums are higher other wise id be in to 10 oz 100 oz or ikg bars only , or 100 rounds at a time
nope ...have faith grasshopper :lol: . if you dont have faith in it you shouldnt be buying & find somewhere else to park your money . It definately isnt a get rich quick scheme.
Don't focus so much on the price if you only have a small amount, rather just set yourself monthly targets in Oz's and buy different things. I just picked up some eagles only a few dollars over spot. But I like the PM 10oz bars they are some of my favourite - albeit damn ugly. If you see the trading section on this site they always sell real quick and maintain a healthy premium. I've been watching a lot of Silverfish VT's videos on youtube lately. He is from the US, but gives a great insight into how a lower middle class guy can stack and accumulate a respectable amount in a short period of time.
I buy ounces and only days later the spot takes a dive. The same ounce of gold is then worth $25 less than what I bought it for. Personally that small drop falls in the 'lifes too short to care' category. The only bad call would be buying sucker bullion. ie. Overpaying for something by a ridiculously huge margin just 'cause, a recent post here about a 2oz lunar coin comes to mind.... And the only hope of recouping your money is to find a bigger sucker to offload it onto. TLDR: Dont sweat the small stuff, and stay the hell away from sharks pushing sucker bullion.
didn't you only buy that bar about 2 weeks ago, a few s an oz fluctuation either way is normal. You got to stand back and look at the bigger picture and trend over a longer period of time.
Sure it might take 20 years for me to recover the loss on my silver, as I was buying it in the $30s, but that money would only have been spent on something else, going out, restaurants. It would have been spent and it would have been gone forever. It's not like I am big into investing, silver is the one abnormality in that I like to buy the stuff, can't be doing with shares or stocks and I only got the investment properties because it seemed like a nice idea at the time, I am not constantly watching the housing prices or listening to people on YouTube going on about how the war in Syria might affect house prices. I buy silver because it looks nice, I give it as gifts to people, I try to put together thematic collections, I collect coins, I like trying to guess the next big thing, it is gambling and collecting and investing and a hobby and a social thing. I rarely expect many of those things to actually make me any money, more often than not those sorts of things cost you money, at least this way I have a bit more to show for it and if I break even in 20 years time then it wasn't a great investment but it was good in all the other respects
im officially jealous oz i wish i had in interest in bullion back then ....it would have been nice to have a decent stack at those prices .
Brilliant description of how there is a lot more reasons why people stack than just price-based motives. You can learn a lot about life here and what motivates people to do different things. House should copy and paste Jislizards post in his faqs under "Reasons to be a stacker".
the thing is though, it`s now YOURS! I had the same happen to me, and that just prompted me to buy another bar that offset the initial loss a little. but even if I hadn`t done that, I`m pretty sure that within a few wekks and certainly months it will have gone Over what I paid for it a few times too. in fact my 1`st bar I bought made $2.44 the very next day! the fac that it`s gone down since and currently (key word "Curently") I`m Down about 20 makes no odds to me. I could understand it if you were after a quick turn-around (flipping I think it`s called???) then yeah, bummer! but medium to long haul... it`ll be fine besides, you can use the same "safety net" as me, and to My findings I know I can shift my silver on fleabay for what i paid and still probabbly make a tenner or two on top, but it`s more fun to wait a while and see what happens.
If you want to trade your best bet is something like bullionvault. I see physical as more of mid to long term investment.