That's the heart of it. If you have a clear goal... a well thought out strategy...and stick to your guns...you can't fail !
Since we're talking washing machines, We have 15 y/o Kleenmaid that "keeps on keeping on" (I've probably put a jinx on the thing now............... :/ )
i'm saving up for 1oz gold dragons. I have a feeling the silver 1oz will fail to live up to everyone's expectations in terms of premiums. 2000 was a much more significant year on the psyche. Same with the Tasmanian Tiger coins, they sold out instantly but mostly because it was speculators stockpiling them, expecting them to sell for $1000. If everyone is hoarding silver dragons expecting them to get the same premium as series 1 (the highest mintage coins of series 1 admittedly) then who is going to pay the ridiculous prices?
I'd be buying if i had money left over Minister for war and finance (wife) has forbidden me from spending money on getting more silver until the savings account is back up I've tried to explain it to her but she just does not listen! Wish i could buy some more now
It's appropriate to have a fiat buffer Klaten. How 'appropriate' that buffer is open to debate ! ...as long as it's not a 'mass-debate' :lol:
I believe the silver dragons will do well, but I am also afraid that there will be a sell out at the date of issuance and that the dealers in America will raise the premiums significantly. If that happens, I will buy a few silver dragons months later as I would expect a drop in price for a while as those who loaded up dragons for a quick profit sell them into the market. If that scenario happens, I will concentrate on the gold dragons and silver proofs.
Im looking to buy gold if it gets near the $1,400 Aus again and seeing what happens to silver and commodities when qe2 "ends" with saving cash to buy in at some point hopefully my house sells soon ><
Thats not what i'm hearing from my source. Buyers in $terms outnumber seller by 100 to 1. Regards Errol 43
Why do you think coins are better than rounds? and why coins better than bars? here i'm assuming its for "liquidity" but thats only one side of the coin - scuze the pun. with coins having a premium you have less leverage as you will get less ounces... but just interested to hear your reasoning
Coins have more protection Should the price ever go to zero, you still have the face value. On top of that you have numismatic value, so should the price ever go down, the numismatic part of the coin continues to go up. Coins are more known and easier to sell. Even on this forum, lunar mice at 43, people are buying Buffalos at 40, nobody dares to touch.
Ok. not sure why people wouldnt touch Buffalos at $40, unless its because they can buy them from Gainseville for around $37...? But i'd certainly go for the Buffalos ahead of the lunars simply because i can purchase more ounces, and that to me is whats important. because if silver is sitting at $200 an ounce then i'd be way ahead having the extra ounces instead of numismatics. its simple arithmetic really
+1...should I list a Buffalo for $40 timed with a micro second counter too see how long I'm smashed with 10 Pm's?
I dont think the face value as protection matters at all, silver being under the face value will just never happen
Well think $40 for Buffalo is pretty fair given the current spot - have multiple tubes so not looking for anymore... Believe in ounce stacking.... Anyway SilverBaron - get your Tigers from em?
