Gold bullion Australia has cast 1kg bars for $692 = $21.53 per oz. $1.40 over spot seems pretty fair.
Lil bits at a time that way if it drops youve got some spending money left and if it goes up you didnt loose anything.
Wow haven't seen you around for sometime! I'm guessing you must have made some nice cash on the drops!
I am . Just got a pristine silver fob, and a Belcher necklace and a figaro bracelet for $10NZD. Happy camper as it all weighs in at 100gm if i take out the watch mechanism it would come down to 50gm ish. I will not be taking it out in case i break it though and don't wont to damage the gold hands or the PERFECT enamel face. I will have to look up the date but it will be well over 100 years old, Beats the $5 case i got a few weeks back though that was 1892 i think.
$14 in August, September the fed raises rates, thus smashing PM prices. Everyone above says buy now & later - I say buy later. You'll get more OZ for your cheddar.
I won't be back in Sydney until Monday. I'll be buying Tuesday because....... Too much silver is never enough!
There is never a real hurry JPM. Buy now and you just know the price will fall. Hold off and if the price starts going up jump in quickly. The odds are IMO far better just holding off. If people are just buying 1-2-10 ozt then a dollar or 3 ain't going to matter , but for big buys of 100s then that dollar or so can make a big difference. If it goes to low i will pay spot to get a large amount ( as i can not get that at op-shop and garage sales and the like). I had a talk to the missus and said id love to drop 100k if the price went down a few more dollars, SHE LAUGHED HER ARSE OFF and gave me a firm NO. I will be allow 25k but i have to show her a business plan for it LOL. To be fair if i was single i wouldn't even have that to spend cause id still be pissing up and partying.
Some diversification is never bad. The last thing you wanna do is slap down $100k and find the prices are cut in half a couple years later. :lol: Personally, I'm finding it to be a fantastic way to save. Having never been good at saving, it allows me to still spend all my dollars....while saving??!!! Very cool.
In a situation where there appears to be massive paper manipulation, 'kick the can' is being used for unexploded bombs, 'Too Big to Fail' is a banking mantra, Keynsian economics rules and inflation is waved off as a fantasy, about the only guarantee that can be made is that PMs are not doing much that is predictable. If everyone predicts that they will go lower, they'll go sideways or up. In short, buy what you can afford when you can afford it, with the realisation that selling may not happen for a *long* time. Dollar averaging is about the only tool that still makes sense.
+ 1 I too really love the fact that I am saving while purchasing at the same time .............. am loving the shiny stuff.
I'm gonna pick up a half dozen Libertads. If it drops further down I'll have some $ left over for some Britannias next week. I'm almost to my threshold of switching to gold again so this has been a welcome drop for me. Since my position is very long for PMs I'm very happy with this bearish market. Da Bears!
