Ready to buy Silver TODAY, would you go ahead or wait?

C

centenario

New Member
So I have this business that sells me junk silver at 2.5% over spot. Under 15euros an ounce! (great price for where I live, you can get cheaper but i rather deal with a serious respectable business than some dodgier business owners if u know what I mean)

I'm ready to get a kilo today, I think the price of silver is good but you never know with these crazy markets and world economics it could go down a lot more...
What are your thoughts, would you go ahead and buy today or hold it a bit longer??
I'm quite eager to go ahead... hehe the 'silver rush'
 
In all likelihood silver will continue to fall. I would recommend you keep buying small quantities of that spot+2.5% all the way down and avoid trying to catch the proverbial falling knife by buying a single bulk amount.
 
Ok thanks for the replies!!
I'm gonna go ahead and get around half a kg. just in case and wait a few days to get the other half!
cheers mates!
 
Photonaware said:
Bottom fishing never works.
As soon as you have bought it drops in price.
If you don't buy then the prices rises.
Click to expand...
LOL this is sooo true, Murphy's law at it's finest!!
I guess bottom fishing is not good if you have a weak hand and sell soon...

BTW I got close to a kg today I just couldn't resist, some sweet coins!!!
 
LBMA Precious Metals Forecast Survey?

Silver ranging from $16.37 to $23.94

http://www.perthmintbullion.com/Blog/au/Blog.aspx

LBMA_14_Silver_Forecast.sflb.ashx

http://www.perthmintbullion.com/Blog/au/Blog.aspx


Your loc...Spain and London?

maybe check your exchange rate also. :)

http://www.xe.com/currencyconverter/convert/?Amount=1&From=GBP&To=USD
 
centenario said:
Ok thanks for the replies!!
I'm gonna go ahead and get around half a kg. just in case and wait a few days to get the other half!
cheers mates!
Click to expand...

Buy the kilo and be done with it. The differential in buying two half kilos will be meaningless. It may be up or down. Use the time saved from avoiding the second purchase by earning more money.

If a few quid dictates how you buy your silver, you shouldn't be stacking.
 
Just thought I'd add my 2 cents in. I have been buying since Silver was $4 dollars. The way I see it any price under spot $20 is a win. We are already at the lowest. Sure some days spot may go down a few cents but this has no affect on you as you are keeping it small. I mean the silver would need to move a few dollars down for you to save money on small orders. If you bought $100 or 4oz at spot $20 and it moved down to $19 dollars you only saved about $1 but if pay with a credit card from a bullion dealer then you defeat the purpose of waiting on the drop. You could've gotten it for the same price at spot $20 with a check.

(Just noticed you said you wanted a kilo - My thought processes changes)

In that case it's up to you on how much you want to save. As long as you buy under $20 it's a win. You could wait if prices go down. Why do I say $20 dollars. Because that is the number at which Silver will always go above. Just like I can say Silver will always go below $20 soonner or later. Now it would be a different story if I said something like anything under $30 is a win. Why? Because you have increase the gap on the waiting time. You could be waiting years for it to go about $30 dollars.

If it's a kilo bar you are already saving money since the premium isn't as high as a kilo coin so you would already be winning or are you? You plan on selling that kilo bar on ebay? Do you plan to sell it? Alot of people are just collectors waiting on the future and usually never sell throughout there lifetime. Me i'm a flipper. I started with $100 dollars and 16oz. (that's how much you could by when I was 15years old) And I flipped my way to over $100k using ebay.

Note: Everything I wrote above is just "Theory"
 
wait or no more :)

if you buy it now, you will end up without the cash. no more cash :)

if you wait too long, there can be no stock for you to buy anymore :)

or you may be getting even more when the price actually gone down and you will have more. :)

choose now or not to choose later :lol:
 
Unless you're a trader, pretty much every purchase in the last 2.5 years has been wrong! They could of just all bought it at todays cheap price. :P

There is no point asking us......but it does seem like a better time than any in a long time.
 
Depends on why you buy silver. To make money, or preserve wealth from the coming fiat slaughter.

I don't really care what the price is. If it gets to the point where I can no longer afford it, then what I do now pays off.

Until then I'll buy it while it's available at a price I can afford.
 
If you keep on waiting, you will never have it. Thats my parents advice on anything. Put anythimg in there...car...house...getting married...kids...new jobs...and so on.
 
Buy when you feel like it but silver MACD & RoC & RSI all point downward.

We may still see my $17.49 Usd or less

Time will tell.

If in doubt stagger your purchases down.

Good luck
 
You have to consider what the price would be if there was a 20% fall in price.....I would think that the euro would lose in the exchange rate against the u.s. so at a rough guess you would pay around 10% less for the same kilo.......so you are only looking at a $u.s. 70-80 savings for such a large fall..............it is only because you are buying in small quantities.........if you were buying by the tonne then you would have to be more careful.......just buy it and be done with it. You will not be behind much anyway if price does fall significantly
 
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