I started around $17 AUD for silver and $1600 for gold. Good times, wish I could afford to pump more into my hoard tbh.
I'm with Currawong. Glad I established my strategy in the time frame which I think will keep working as silver rises. I wouldn't like to be making some of the pre strategy decisions I made as a newbie in the present market.
Started 2014 with 600EUR/Kg, bougth most at 480Eur/Kg and stopped buying 2 Months ago. Didnt have more funds then, laying back now and intending to sell some KGs if it hits around 1000 Eur/kg to pay off ma Truck. Buying again if/when back down around 500 again...
I beg to differ on the last time silver was $5oz....Going and looking on the record of silver prices, the year 2000 the price of silver was $5oz. Regards Errol 43
Newbie poster and stacker, long time reader of forum. I started at recent $16 bought tiny 250 oz. But my best buy was this week at auction. Got 4 kg of beautiful pure silver filigree items Now don't faint I only paid $492 for the lot. Works out to a lovely $3.81 per oz Gives us an average of $12.05 oz Best of all the misses loves silver too yeah!
that were over 20 years ago, so after many times of moving only the carded kangaroos left, not much off receipt being kept the price of a 1994 carded were certainly not $7.50 a card. never seen a bar my life at that time.
Ah the good old days. When I started stacking (low-premium kilos); Gold was $1717; Silver was $32; GSR was 53 and the pundits were calling a breakout. Thank goodness I got on the elevator before it took off! Unfortunately it went down My first serious purchase? Kilos at over $1,000 each. Dollar cost averaging has helped out since then.
The local dealer here in Bundaberg for 36 years told me that when the price of silver was $5oz, there was no buyers! People would bring in $10 coins and he would tell them to take them to the bank where they would get double the spot price.. The most amazing aspect of this era was the amount collectors paid for these $10 proof coins. I even have an invoice of one that cost $89... Now that is what you call a loss. I stack these $10 coins whenever they become available here in Bundaberg...Kill two birds with the one stone, stack fiat and silver at the same time! Pirocco is 100% right.. Nobody wanted $5 silver! Regards Errol 43 i
To give a sales idea about the $5 era. RCM Maple Leaf 1988 1,062,000 1989 3,332,200 1990 1,708,800 1991 644,300 1992 343,800 1993 1,133,900 1994 889,946 1995 326,244 1996 250,445 1997 100,970 1998 591,359 1999 1,229,442 1999-2000 dual date 300,000 2000 403,652 2001 398,563 2002 576,196 2003 684,750 2004 680,925 2005 955,694 2006 2,464,727 2007 3,526,052 2008 7,909,161 2009 9,727,592 2010 17,799,992 2011 23,129,966 2012 18,132,297 2013 28,200,000 2014 29,245,000 USMint American Silver Eagle 1986 5,096,000 1987 9,420,000 1988 5,869,000 1989 6,166,000 1990 7,247,000 1991 6,952,000 1992 5,544,000 1993 5,890,000 1994 5,540,500 1995 4,590,000 1996 3,466,000 1997 3,636,000 1998 4,320,000 1999 9,008,500 2000 9,133,000 2001 8,827,500 2002 10,475,500 2003 9,153,500 2004 9,617,000 2005 8,405,000 2006 10,021,000 2007 9,887,000 2008 19,583,500 2009 28,766,500 2010 34,662,500 2011 39,868,500 2012 33,742,500 2013 42,675,000 2014 44,006,000 2015 47,000,000 Mexican Mint Libertad Year / Bullion / ProofLike / Proof 1982-1992 15,500,305 (BU+PR Cumulative figures were registered) 1993 1,000,000 0 5,002 1994 400,000 0 5,002 1995 500,000 0 2,000 1996 300,000 0 2,000 1997 100,000 0 1,500 1998 67,000 0 500 1999 95,000 0 600 2000 340,000 0 1,600 2001 725,000 0 2,000 2002 850,000 0 3,800 2003 805,000 0 5,400 2004 450,000 0 3,000 2005 698,281 0 3,300 2006 300,000 0 4,000 2007 200,000 0 5,800 2008 950,000 0 11,000 2009 1,650,000 0 10,000 2010 1,000,000 0 10,000 2011 1,200,000 0 10,000 2012 746,200 0 4,200 2015 903,000 0 6,400 Price, USD 1970 1.635 1971 1.394 1972 1.976 1973 3.137 1974 4.391 1975 4.085 1976 4.347 1977 4.706 1978 5.930 1979 21.793 1980 16.393 1981 8.432 1982 10.586 1983 9.121 1984 6.694 1985 5.888 1986 5.364 1987 6.790 1988 6.108 1989 5.543 1990 4.068 1991 3.909 1992 3.710 1993 4.968 1994 4.769 1995 5.148 1996 4.730 1997 5.945 1998 5.549 1999 5.218 2000 4.9506 <- until here cummulative avg 2001 4.3702 2002 4.5995 2003 4.8758 2004 6.6711 2005 7.3164 2006 11.5452 2007 13.3836 2008 14.9891 2009 14.6733 2010 20.1928 2011 35.1192 2012 31.1497 2013 23.7928 2014 19.0778 2015 15.68 2016 (as of yet) 16.34 One can see, the sales figures in the $5 era sat around 1/7 1/10 of those of recent peak years. It's clear in which years the stupido's "invested". Count me in!
My average of my silver stack is about $20-$22. I only add to the stack when I see the economy going down the drain. During good economic data, I'm usually not concerned about where the economy is going. Meeting someone tomorrow, as I've bought an additional 5kg at $21.50/oz. unless it shoots up today and he doesn't show.
Re Pirocco post 33...FIGURES TELLThe TRUE PUCTURE! ^^^^The dealer here in Bundaberg for 36 years, has told me that there were no buyers in the $5 oz silver era. Nearly everyone here missed the boat and it may never be this price again. Regards Errol 43
