My first purchase of silver today: 110 Canadien maple and 100 Cougars

[mhamann]

I just made my first purchase today. I got in at 26.80 an ounce with the Maples selling for $1.99 over spot, and the Cougars at $2.69 over spot.

I hope I didn't make a mistake. I'm tired of getting .2% return on my savings account, so I took 20% out and bought silver.

I kind of hope it goes down to 24, then 22...so I can buy more. Then, I'll be adjusted in mid to low 20's, and sit on ~600 ounces for awhile.

I'm in Long...well, relatively. If it spikes to $38+ I'll sell.

Also, I noticed Cougars sell for around $7-10 more than spot on Ebay. Even with fees, I should be ok as long as Silver doesnt dip too much.

But, again...I'm in long.

Any thoughts? I don't have buyers remorse yet....but, it's only been 30 minutes.

Marty

Great forum by the way.

 

[dragafem]

Hello and welcome on the forum. If ur in for a long run I guess any silver just would do fine

Enjoy stacking but dont get too addictive

 

[dex]

sounds good either way, nice stack of silver too!
like you said, ebay is always there and you'd probably turn a + profit even if you were to sell on there right now (though not much, but probably more than your current rate of return)

 

[mhamann]

sounds good either way, nice stack of silver too!
like you said, ebay is always there and you'd probably turn a + profit even if you were to sell on there right now (though not much, but probably more than your current rate of return)

I know, right? I earned $1.27 in one month on 30k savings.

I could sell each cougar for roughly $35-38 right now with current price, on ebay. Sure, fees and shipping/insurance will eat most, but can probably still profit $1 a coin.

 

[lynsilverbullion]

Sorry pressed thanked button by accident lol!

I was meaning to reply...

Where can you get cougars for $29.49? And maples for $28.79? Was it a dealer or person?!

Thats a great price!

And congrats on starting your stuck... good time to be buying into silver when its nice and low! I dont think youve made a mistake. Even if silver does go down, its bound to go up again sooner or later.

 

[Photonaware]

Already jealous having paid much more last year when silver was nearer its peak. At that time I didn't expect such a huge drop based on all the forum experts that no longer seem to be posting on this site. Maybe they are in hiding or hanging at the end of a rope ? Waiting on the rise now but it might be a very long wait. Moving to gold now but little fiat left to spend for a while and would be selling silver at a loss as we are screwed in the UK buying with our 20% VAT tax.

 

[mhamann]

Sorry pressed thanked button by accident lol!

I was meaning to reply...

Where can you get cougars for $29.49? And maples for $28.79? Was it a dealer or person?!

Thats a great price!

And congrats on starting your stuck... good time to be buying into silver when its nice and low! I dont think youve made a mistake. Even if silver does go down, its bound to go up again sooner or later.

https://www.texmetals.com/canadian-silver-cougar-coin.html

thanks! If it goes down to $23-$20, I'll buy another 200+ coins, and be locked in.

 

[mhamann]

Already jealous having paid much more last year when silver was nearer its peak. At that time I didn't expect such a huge drop based on all the forum experts that no longer seem to be posting on this site. Maybe they are in hiding or hanging at the end of a rope ? Waiting on the rise now but it might be a very long wait. Moving to gold now but little fiat left to spend for a while and would be selling silver at a loss as we are screwed in the UK buying with our 20% VAT tax.

I'm assuming fiat is paper money? well, I bought into a natural gas company at 4.22 a share, and sold it at $1.19...it has since done a reverse split, and is less than $.25, which would have been 2.5 cents a share. So, investing in metal...in which I can hold and feel...and a price I'm fairly comfortable with, seems much more reasonable.

 

[Melty]

and its shiny

good job on the new purchase, im thinking around 2015-16 may be a good time to sell some.

i like to take mine out every so often and play with them

[imgz=http://forums.silverstackers.com/uploads/4880_003.jpg]

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