When is a good time to buy bullion?

How do I determine if it is a good time to purchase bullion?
I ask this because I honestly do not know.

I had acquired my entire bullion collection in the years 2004 to 2008, back when I had excess money around. Today, I am in a similar situation, where I have roughly $350 dollars a week to blow on frivolities such as these. I am afraid that if I purchase now (near the price peak), I will lose my investment due to the price dropping. What do you guys think I should do?

Also, what sizes do you recommend I purchase? I notice that the smaller sizes of bar have higher price premiums compared to larger ones. Additionally, I also noticed that coins have a higher price premium over bars.

 

+1

 

+1 = 11

 

In a word - NOW!!

If silver is $50 an ounce tomorrow I would buy, if it was $55 next week i would buy. If silver was $15 an ounce i would buy!

It will be $500 in a year or three, and Lord knows what when they finally get back to a PM backed world currency.



I began by buying ASEs and CMLs, and some 1oz ingots/bars. After getting about 700 of them I am now concentrating on Perth 10oz bars but will take any reasonable offer I come across in any form.

I will keep buying until SHTF day.


OC

 

Any time there's a red arrow next to price is a good time to buy. No one can pick the top, nor the bottom but purchasing during price dips is a good way to keep your cost averages down. I personally avoid buying when the price is going up lots as metal prices tend to fluctuate (especilly silver). Also as long as there's major worry about the economy pms tend to do well.

For silver I'd say get a good mix of 1oz. Bars and coins ASE's Maples, kooks, philaharmonics, pandas, lunars etc. I try to avoid the more numismatic stuff like pandas and lunars but its probably a good idea to have a few of those too. Also 5 and 10 oz bars are good, fairly liquid and low premiums. I wouldn't go too much bigger than 10 oz. Maybe the odd 20 oz or kilo as their a little harder to sell.
US and Canadian junk silver isn't bad either almost no premium, fairly liquid, internationally recognized and less chance or counterfeits.

For gold I personally go for old world coins: quarter/ half eagles, sovs, ducats, francs, mexican pesos etc. and fractional maples, AGEs, Krugerrands, etc. 1/10 - 1/4 is a good size 1/10s are more liquid but 1/4 is less premium. Wouldn't buy anything over 1 oz. (The mexican 50 peso being an exception) Gold mainly because I don't usually have that much to spend on PMs at one time and its a little harder to move.

 

Agree with Old Codger
and MatrixOpal...keep your eye out here - few decent deals pop up most weeks...

Now practise with me...'B'-'U'-'Z'-'Z'

As easy as that

 

Maybe wait til 2nd week of August.
Expect downturn soon , due to debt agreement.

 

My bet is we will have an agreement in DC within a week.

The front runner for the SHTF moment is still Europe, but it will spread like a gas explosion when it does.

BUY NOW!!!!!



OC

 

7pm for me

 

After a good meal, or after making love to your lady..

 

Maybe not a good time right now.

Quote from article
"It seems likely that a medium-term fix to Greece's debt problems will be announced later today, after a meeting between the French and German leaders.

There are reports that German chancellor Angela Merkel and French president Nicholas Sarkozy have agreed on a joint position on a Greek bailout.

http://www.abc.net.au/news/2011-07-21/greek-debt-agreement-imminent/2804276

 

You heard it here first!

BULLSHIT!



OC

 

Are you suggesting that our national media, the ABC, got it wrong?

 

Buy small amounts of Gold and Silver when you can.

When you get a windfall, buy a some more.

 

For both of these necessary buying times, I highly recommend SilverStackers on your mobile...

 

"Are you suggesting that our national media, the ABC, got it wrong? big_smile"

YEP!

Every time, just assume the Party Line and you have the ABC Policy.



OC

 

Any time now is a good time to buy because it's going far higher, the experts say.
(the real experts...)

When is a good time to sell?
When the mainstream media tells you it's a very good idea to invest in gold and silver.
That's when you sell!

Hope that helps.

 

dont get emotional I know thats easier said than done , if your trading buy in the lows sell in the highs , work out the % you want to make each month and sell when you make your % then buy back in when prices drops. this system is called bracketing if you do this say once a month at 5% for example x 12 months youwould make 60% on your money or more.

option 2 buy as much as you can and sell when the average person in the street realises that their money is not worth anything and then sell and make %%%%% on your silver and gold .

I hope this helps
yours in bullion Lee

 

when your more concerned with return of your money than return on your money

 

the best time to buy is in the past when it was cheaper

the next best time to buy is when nobody wants it and it is cheap relative to recent prices

as a proxy index, maybe when the logged in stackers number in the 20s per day

The AUD is pretty good now. The metal media are in favour of buying our currency, like the Loonie.

However, I'd argue that it is a good time to divest yourself of AUD, given the parlous real-estate bubble here, yet to detonate

this currency goes up and down like a yoyo. I remember clearly buying books with a measly 50c to the USD

there is ultimately no best time to buy outside of the retrospectoscope