Are you waiting or buying?

[Mark10110]

I am wondering if the majority of people on the forums are stacking with the high premiums or waiting for prices to level off? Perhaps you are buying in the fear of prices not coming back down?

Personally I have halted all stacking of gold and silver as I feel too many emotions are driving the markets.

[Nick1368]

Emotions ? nah I wouldn't call it emotions , uncertainty yes but emotions no , the situation is not even that uncertain, we kind of know what is going to happen, don't we ?

in my personal opinion there are bad bad times ahead of the economy and the market, it is going to take the market at least  two years to recover from this mess and we haven't seen the worst of it yet, the price of gold won't go down anytime soon .

I am keeping very little money in my bank account, just enough for bills and online purchases, I own my house and car so no monthly payments for mortgage or loan to pay and have no debt at all, thank god for that, any money that comes my way turns into gold ASAP , I  think now is a great time to buy gold.

[Mark10110]

1 minute ago, Nick1368 said:

Emotions ? nah I wouldn't call it emotions , uncertainty yes but emotions no , the situation is not even that uncertain, we kind of know what is going to happen, don't we ?

in my personal opinion there are bad bad times ahead of the economy and the market, it is going to take the market at least  two years to recover from this mess and we haven't seen the worst of it yet, the price of gold won't go down anytime soon .

I am keeping very little money in my bank account, just enough for bills and online purchases, I own my house and car so no monthly payments for mortgage or loan to pay and have no debt at all, thank god for that, any money that comes my way turns into gold ASAP , I  think now is a great time to buy gold.

I am unsure if deflation/stagflation will happen before inflation. From what I can gather things will look healthy until market velocity picks up sending the GDP into a spiral?

[werewolf]

Trying to buy. Not too successful due to massive chain of supply disruption. Maybe it's not felt that much in the UK, where most of the members are here, but it is something very real. 

In my opinion gold will continue to 2000 $ in a few months and then maybe go down and then up again in a more normal fashion. 

[Mark10110]

10 minutes ago, werewolf said:

Trying to buy. Not too successful due to massive chain of supply disruption. Maybe it's not felt that much in the UK, where most of the members are here, but it is something very real. 

In my opinion gold will continue to 2000 $ in a few months and then maybe go down and then up again in a more normal fashion. 

Yea, I am thinking of stacking gold only due to the premiums on silver, I did ask Mike Maloney what does he think someone should put money into if they only had little cash and his reply was "ratio, ratio, ratio" but I can't justify paying £6+ premiums. I am putting the fear of missing out aside and trying to focus on safe money and it keeps coming back to gold. 

My goal before this was 500oz silver and 5oz gold, I didn't make my goal 

I guess the question is, will gold stocks(physical) get worse or better? Better stocks will reduce fear and demand and lower premiums but if there is a long lasting shortage then it is anyone's guess.

Like I said I am removing all emotions of fear or greed and trying to buy when it makes sense.

[Paul]

If price and %margin you are paying is your main concern, just use goldmoney or bullionvault to make your PM investments and buy the premiums at much lower than current retail/ebay/dealer

Once it realises its potential or the price you seek, swap it back out for fiat debt tokens and back to your bank.

[Kman]

I've had a mental block from buying  bullion since sovereigns went over £200 😛 

[Mark10110]

3 minutes ago, Kman said:

I've had a mental block from buying  bullion since sovereigns went over £200 😛 

I think when gold hit £1200 per oz I started to get to that point. I am going to wait a month after lockdown to see which way the wind is blowing and start stacking again regardless of price, This way I can take comfort in knowing I didn't get caught up in the FOMO and I took a back seat for a while. I don't think it would sting as much if gold/silver prices dropped in 6 months.  

[Jimmock]

7 minutes ago, Paul said:

If price and %margin you are paying is your main concern, just use goldmoney or bullionvault to make your PM investments and buy the premiums at much lower than current retail/ebay/dealer

Once it realises its potential or the price you seek, swap it back out for fiat debt tokens and back to your bank.

My plan!! Hadnt used my royal mint signature account for a while,but have started loading it up again. Picking up the odd physical piece,but refuse to pay the premiums now asked. Would still buy silver at current price,if it that was an honest price for it and not just this inflated state were in just now.

[Martlet]

I've stopped buying silver because of premiums, locked in low price with ETF instead.

[verrachi]

Cost dollar averaging at key level area~  now I'm waiting to see if the Swiss refinery reopening will have any effects (give it 2-3 weeks)

 

[werewolf]

1 hour ago, Kman said:

I've had a mental block from buying  bullion since sovereigns went over £200 😛 

I once read somewhere that if you want to invest in gold on the long term, always set a goal (monthly/yearly) in weight, not in price. I think this is the way to go if you're a stacker. I'm very frustrated about gold prices too, but  then again so was everyone else when gold was 1000 $/oz instead of 300.

[Blehhhh]

I've been buying gold to stack.

Also, been buying gold and silver at bullionvault.

Plan is to get some physical silver when\if premiums go down. I may just give in and buy a few bars though.

[Provvidenza]

I made a panic Gold purchase shortly after the lockdown started, but have decided to keep buying in the dips. I've halted all Silver purchases at the moment, there just doesn't seem much around to buy.

[Blehhhh]

1 minute ago, Provvidenza said:

I made a panic Gold purchase shortly after the lockdown started, but have decided to keep buying in the dips. I've halted all Silver purchases at the moment, there just doesn't seem much around to buy.

Exactly, Im picking up Gold at dips.

I didnt want to buy all at once as unsure if it would go down before going up etc.

[werewolf]

Right, but...Spotting the dip is the challenge.

 

[Blehhhh]

39 minutes ago, werewolf said:

Right, but...Spotting the dip is the challenge.

 

Ah, if it dips around 50 euro an ounce, I buy, if it dips another 50 go again.

Until I am rich or broke.

[Coolsmp]

2 hours ago, Kman said:

I've had a mental block from buying  bullion since sovereigns went over £200 😛 

Lol don't think it'll be going back doen to thise prices anytine soon. Shame! I would buy buy buy!

[Russell]

I am buying everyday from Ebay, mixture of coins bars and pre 1920 and pre 1947 scrap.  Got a 10oz Kookabura and a 550g bag of pre 1947 coins today 🙂

[SurreyStacker]

I am starting to buy silver, but just a few bits and pieces mainly items I just think look great!

I aim to buy some gold but i find it quite depression how little you get for your money. Seeing a 1kg bar appear is much more exciting or a 10oz QB!

[Abyss]

I am using this opportunity to consolidate the stack and focus on my core stack and aim which is the completion of 100 oz Gold Queens Beasts coins. Due to current Gold price and premiums hard objective to complete and I am gambling in the next couple of months the western economies will resume international trade Gold becomes more available on the market and both premiums and prices fall somewhat. I could be completely wrong and we could have run on Comex and the Gold price followed by Silver the price going through the roof.

If only I could find where I parked my flying DeLorean I would be able to find out if I am right ahead of time .

[SurreyStacker]

2 minutes ago, Abyss said:

I am using this opportunity to consolidate the stack and focus on my core stack and aim which is the completion of 100 oz Gold Queens Beasts coins. Due to current Gold price and premiums hard objective to complete and I am gambling in the next couple of months the western economies will resume international trade Gold becomes more available on the market and both premiums and prices fall somewhat. I could be completely wrong and we could have run on Comex and the Gold price followed by Silver the price going through the roof.

If only I could find where I parked my flying DeLorean I would be able to find out if I am right ahead of time .

Borrow one of mine if you want 😉

[Abyss]

@SurreyStacker mine is special it has a flux capacitor.

[SurreyStacker]

Just now, Abyss said:

@SurreyStacker mine is special it has a flux capacitor.

I'm sure some modders on here could take care of that! #Magic

[Bimetallic]

It's a mistake to pay current premiums, a good way to lose money. Silver is unlikely to move much in the next few months. Maybe to $20 if we're lucky. I bought gold ETFs, S&P500, silver at OneGold, saw good returns already, fingers crossed.