Gold & Silver

[TexWeatherby]

I bought a bunch when it was below 2K, but wish I had bought twice as much. At current prices, I'm pretty much shut out of the market, as I couldn't buy enough to make a meaningful difference. It's crazy now.

[224KING]

WOW! WOW! WOW!

[Dino82520]

WOW! WOW! WOW!

Agreed, I'm not in the gold market but I did buy a little silver back when it was in the reasonable range.

[224KING]

Get used to high volatility and high premiums going in and going out.

It's going to be crazy until things settle out.

[pr-diesel-doc]

Were usually seeing a constant rise but the market has reversed, at least temporarily. How low will they go and when do you see the rise once again?

[224KING]

Something that rises constantly without any pullbacks is unhealthy.

[224KING]

I would like to see an even deeper pullback for a cheaper buying opportunity

[pr-diesel-doc]

I'm with you on that. I think a lot of folks would too. Gold got to the point that it was out of reach for a lot of people.

[224KING]

I ran onto some at spot pricing on some smaller,fractional coins in the $3690 to $3710 range and bought them,but while doing so I thought I may need to go get my head checked,but it did work out for me.It wound up good,because I sold about 40% of that purchase at $4206 and the other 60% at $4350

[pr-diesel-doc]

Yeap, you made out good with that purchase.

[224KING]

If you have a little extra money,you should buy Gold & Silver (Your Preference) on the way down.

If you can't afford a full ounce of gold there are deals on fractional coins that aren't too bad.You can't pay the premiums that they want for 1/10th ounce American Eagles and Maple Leafs, but there are deals on 20 Franc,Swiss gold coins and Sovereigns out there.$5 Liberty half eagles are something to look for on sale also.

The metals still have legs.They are just resting a bit right now.

[224KING]

Here is a good example of some Gold that is decently priced for what it is.

https://sdbullion.com/1915-1-austrian-gold-ducat-restrike

9 of these make just a few hundreths under a full ounce of Gold.They have a net of .1106 per coin.

At $4000 an ounce of gold,they are worth $442.40. You can buy them here for about $12 over the gold value.That's only $108 an ounce premium when Gold American Eagles are selling for $200 per ounce premium.And way better than 1/10th ounce Eagles that they want what adds up to a $700 premium per ounce.

I can see how people would feel like they are priced out of the market,but if there is a will there is a way.

Just wanted to make people aware of what's out there is all,if you are wanting to add to a stack that you've already started years ago.

[224KING]

People are talking about another run of $700 to $800 on Gold.

Silver to 62/63.

We will see,but not much could surprise me at this point.