At what price would you stop buying?

F

fishtaco

Active Member
Silver Stacker
Lucky for me that I have not seen over $23au (and that was brief) since I bought my first silver but more that half of my stack has been high premium bullion coins anyway and only recently have I started to concentrate on lower premium bars.

I did notice that when the price did go to $23au it was a busy time in the trade section with plenty plenty for sale.

What price would you draw the line at for purchasing if silver did start to gradually raise in price?
 
What price would you draw the line at for purchasing if silver did start to gradually raise in price?

i was here in early 2011 , seen $ 20 $25 $30 $35 $40 silver, there were plenty of people buying at that price

eg 10 oz silver bars were selling for $ 400 each.

stackers then probably had a ( draw in the line price ) but when you see silver go up fast like that

you think you are going to miss out so you just keep buying. i probably still have a few $ 400 silver bars left.
 
silver addict said:
What price would you draw the line at for purchasing if silver did start to gradually raise in price?

i was here in early 2011 , seen $ 20 $25 $30 $35 $40 silver, there were plenty of people buying at that price

eg 10 oz silver bars were selling for $ 400 each.

stackers then probably had a ( draw in the line price ) but when you see silver go up fast like that

you think you are going to miss out so you just keep buying. i probably still have a few $ 400 silver bars left.
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Ouch! I have paid way over $40 an ounce for bullion coins With silver around the $20 mark so I think I would still pay $40 if it was a gradual rise.

Do you keep them $400 10 ozers separate !
 
I'd probably stop buying if it dropped below $10 AUD because I'd feel despondent. :(
 
willrocks said:
At what point would you start selling?
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Good Question! At the moment I am trying to put at least 10% of my earnings (post tax) into pm,s.Why? I am now 54 my consuming spend amounts have lessened lately through choice and want to have some form of income at retirement that is just pure spending money! supplementary money if you will.

I live within walking distance of perth mint and figure I will just go cash in as I need regardless the cost of buy v cash in price at sell.

I have way too much extra money compared to past years? I put this down to me opting out of consumerism in a way.

Mind you I am now buying pm,s but sort of believe we are all being had over by the government anyway re pm,s.

Who cares cant take it with me but I enjoy buying it for some reason?
 
fishtaco said:
SilverDJ said:
I'm done buying over AU$20
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Because you have invested enough or just dont believe it will ever be worth more than $20?
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I've got enough I think. I want to put money into other (better) investments.
Although if it drops again I'm always tempted to buy more, hard to resist. But if it goes back up I certainly won't be chasing it and averaging upwards, as I bought the bulk of mine under $19AU back in Nov, I see no value in doing that. I have enough feel happy if it goes up that I didn't "miss the boat".
 
I'm not sure it's helpful to put a dollar figure on it. Even if silver was at $50 right now and you knew it was going to move sideways for a decade it would still be a good buy with the way the aussie is going.


I stop buying when an ounce costs the same as a meal for one in a nice resteraunt, when you can fill the car up or have an ounce, when 15 ounces pays your power bill or when premiums on "low premium" silver blows out past 15%.
 
SilverDJ said:
fishtaco said:
SilverDJ said:
I'm done buying over AU$20
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Because you have invested enough or just dont believe it will ever be worth more than $20?
Click to expand...

I've got enough I think. I want to put money into other (better) investments.
Although if it drops again I'm always tempted to buy more, hard to resist. But if it goes back up I certainly won't be chasing it and averaging upwards, as I bought the bulk of mine under $19AU back in Nov, I see no value in doing that. I have enough feel happy if it goes up that I didn't "miss the boat".
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Good outlook but wont you miss the thrill of the buy? I swapped buying crap I dont need from ebay to buying pm,s I dont need lol.

Cant see me ever having enough pms to fill my loft like the ebay crap has lol
 
fishtaco said:
Good outlook but wont you miss the thrill of the buy?
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For me the thrill of the buy is when it has plummeted below AU$20 a few times now, and I get a kick out of buying on those dips. But if ti suddenly went to say AU$32 and stayed there then that same thrill wouldn't be there to buy on sudden dips under AU$30 because I know I bought most of my silver under AU$20. It's all about the history of what I have bought at before.
 
Once, or if, silver gets back to $20 per ounce I am done buying, except for a collector coin here and there. No more stacking at $20. I don't want to raise my dollar cost average price now that it is where it is, thanks to the past couple of years of low prices.

I plan to sell 1/3 of my stash once/if we break $45, so after that I am playing on the house's money. Then hold the rest to see where we go.

Jim
 
SilverPete said:
I'd probably stop buying if it dropped below $10 AUD because I'd feel despondent. :(
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Unless the AUD has an unprecedented rally i can't see that happening.
It is mighty frustrating though when i see a rise in USD only to be countered by a tiny rise in the AUD/NZD to keep everything the same for us.
Something has to give one way or the other.
Unfortunately i think that will be a further drop in metals that will in turn strengthen the USD and keep us in AUD/NZD at exactly the same level.
As i write this we in NZ are around the $1.52NZD-USD mark. When silver was at $19USD we were around $1.33NZD-USD (not exact im sure) but you get the picture.
Very frustrating , but the USD will not be where it is forever and when it goes back to $1.14 NZD i will be glad i have been loading up on metals:)
 
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