Anyone buying or bought in the last dip?

Discussion in 'Silver' started by intelligencer, Jan 10, 2011.

  1. intelligencer

    intelligencer Active Member

    Joined:
    Jun 24, 2010
    Messages:
    2,654
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Bris
    I enjoy watching the silence that creeps over the forum as we have these huge dips of 10%

    Personally I couldn't pass up the opportunity so I bought another $5000+ worth of silver over the weekend of various 1oz coins some of which I'll offer in the coming weeks on here if there's any interest.

    What's disappointing for me is that I've already failed in my news years resolution to not buy till April. The way I see it though is its a futile endeavour to stop buying and a damaging one in that you'd be constantly passing up opportunities to buy in.

    Only speculators and short termers wouldn't see this as anything but a buying opportunity.

    I've still got powder dry in case we have a pullback to $25 or lower.

    Anyone else buying?
     
  2. Dwayne

    Dwayne New Member

    Joined:
    Oct 6, 2010
    Messages:
    1,262
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    absolutely I've been buying - but I've mostly spent my monthly allocation already so don't have as much cash available to buy the dip as I would like. here's hoping it's still down in a few weeks!
     
  3. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

    Joined:
    Feb 25, 2010
    Messages:
    5,150
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Hunter Valley, NSW
    I just keep buying as we go along. I'm a bit off my target yet so not too woried about prices atm. Just buy things as the money becomes available and as i see things that i'd like.
     
  4. Bulawan pilak

    Bulawan pilak New Member

    Joined:
    Nov 22, 2010
    Messages:
    222
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canberra
    Just got back from holidays....spent my last cash on Silver....bloody addictive stuff...

    Will have to work some extra overtime to pay of Christmas spending... :D
     
  5. dccpa

    dccpa Active Member

    Joined:
    Aug 29, 2010
    Messages:
    3,079
    Likes Received:
    8
    Trophy Points:
    38
    Location:
    USA
    intelligencer, other than the unplanned ebay purchase I just made, see Today I Bought, I am trying to stay with my plan. Here are my only planned purchases for 2012.

    March - 2nd issue of the Canadian Wildlife Series.

    September - 3rd issue of the Canadian Wildlife Series.

    September - 2012 lunar dragon coins.


    Personally, I will likely stay close to my plan as my research has found a way to move to NZ. Unfortunately, for purposes of the NZ investor categories, physical pms will not count as assets.

    For those who bought the Canadian Timber Wolf Coins, Apmex appears to be down to their last 10,000 or so coins. They have been the main supplier of the sellers that I follow.

    And Gainesville has finally sold out of the Lunar Tiger coins. They seemed to have an endless supply and then one day, the boxes of 100 and all the single ones are gone. Maybe the coins are finally sold out at the mint and they can start appreciating.
     
  6. duplo

    duplo New Member

    Joined:
    Nov 30, 2010
    Messages:
    37
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    yep, bought a couple oz of gold, a couple of kg silver bars, and a tube of ASEs when it dipped. I got excited and pulled the trigger too early though, so missed the absolute bottom.. oh well :p

    That's the end of my spare cash, so i reckon it'll be my last purchase til March :(
     
  7. Norrin Radd

    Norrin Radd Member

    Joined:
    Jul 28, 2010
    Messages:
    230
    Likes Received:
    1
    Trophy Points:
    18
    Location:
    adelaide
    i grabbed some gold this time, my ratio was getting way outta hand, to much silver!! :D
     
  8. AndyPointO

    AndyPointO New Member

    Joined:
    Jan 8, 2011
    Messages:
    23
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    United States
    I made my first bullion purchase (22oz from Monarch) when spot was $29.10 a few days ago. May make another order shortly (with a little bit of gold as well), but I want to keep enough cash in savings, to be used if another dip strikes.
     
  9. Slam

    Slam Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,294
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Au
    I pulled the trigger this morning for 3kg on behalf of my GF. She is averaging down from last weeks purchase =D.

    I think this is the last purchase for a while and take a wait and see approach.

    Slam

    Edit: When I went to buy, I saw probably 30 monster PAMP boxes delivered. I couldn't take immediate delivery on my purchase as all those bars have been accounted for. I guess its early Feb for delivery.
     
  10. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    Yeah... we bought a monster box of 2011 ASEs.
     
  11. Slam

    Slam Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,294
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Au
  12. Mighty Atom

    Mighty Atom New Member Silver Stacker

    Joined:
    Nov 20, 2010
    Messages:
    179
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Sydney
    I also jumped in. 5 1k silver PAMPS. But I am not expecting immediate delivery. I tried sourcing a bag of 66 50's from Jaggards but they have none in stock.
     
  13. pmstacker

    pmstacker New Member

    Joined:
    Jan 9, 2011
    Messages:
    449
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Australia

    Yeh 1kg Pamp, which is my standard monthly (weight) amount that i get. No more tho, not until situation gets more clear .... dam tempting to just guy 6 tho and create another stack. Three at the bottom, two in the middle and one on top :D
     
  14. gin-kin

    gin-kin New Member

    Joined:
    Sep 14, 2010
    Messages:
    205
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    perth
    Yeah i would be buying - got other prep stuff to get tho - silver will be back on the menu next pay day i think
     
  15. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,305
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    Silver drops $A31 to say $A29 but I dont see the bullion dealers adjusting their silver coin prices down too quick in Australia. The bullion silver moves up and down but I dont see the coins going down !
     
  16. pmstacker

    pmstacker New Member

    Joined:
    Jan 9, 2011
    Messages:
    449
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Australia
    Yeh thats what sucks, i think the only way to get the most out of it is to purchase 1kg of coins or bars, then there would be a 100+ saving. If you look at single coins they stay at $39 sometimes going to $38 but not much of an adjustment :(
     
  17. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,305
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    Those dealers remind me of the banks with interest rate rises. Very quick to put rates up when the RBA says to, very slow to cut them when the RBA says to drop them.
     
  18. SparkySilver

    SparkySilver New Member

    Joined:
    Nov 3, 2010
    Messages:
    144
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Baytown, TX
    If your not buying you can't stack!

    I try to buy silver everyday, some days none others way too much:lol:

    I just keep making my stack taller.
     
  19. legggggy

    legggggy New Member

    Joined:
    Dec 22, 2010
    Messages:
    8
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Melbourne
    I bought just before the dip unfortunately but i guess these minor fluctuations are irrelevant as i'm in for the long term
     
  20. ilikecoins

    ilikecoins Active Member Silver Stacker

    Joined:
    Dec 15, 2010
    Messages:
    1,145
    Likes Received:
    18
    Trophy Points:
    38
    Location:
    Sydney
    Just got some 1966's, 1/2 oz tigers, 1/2 oz rabbits, and 1/10 gold rabbits

    Pretty happy :) - a good way to start 2011
     

Share This Page