How are you currently buying silver?

[Bigmarc]

Thought I would do a poll to see what members are currently doing, are the pound cost averagers still averaging, or seeing how the land lies. 

Edited September 17, 2022 by Bigmarc

[James32]

13 minutes ago, Bigmarc said:

Thought I would do a poll to see what members are currently doing, are the pound cost averagers still averaging, or seeing how the land lies. 

Still buying because it's always been a longterm savings plan. 

If gold drops then,hopefully I'm in a position to buy more.

If gold rises I'd rather have it , than a pile of cash which is depreciated by the day.

Yes there's a high probability that gold drops, but an even more likelihood it breaks £2k within 5 years.

If it all goes t#ts up.. I will melt it all into a cube and sell it as art to some museum ✨️ 

[SilverDrum]

Are we talking Gold, Silver or both?

Edit: I see this is in the silver section, but @James32 is talking gold. 

Edited September 17, 2022 by SilverDrum

[SidS]

Neither of the above. I just look at my spreadsheet and see which dates I need and then ask myself two questions:

1) Can I afford this?

2) Is it a decent enough grade/price?

If the answer to both is yes, then I buy it. No thought given to resale value whatsoever. I'm going to be buried with my coins. 😁

Just picked up some more low grade George IV and William IV half crowns.

[daca]

I only buy a few items to complete the series that I collect and  a few oz here and there to spread shipping cost when I buy PL and/or AU.  I'll probaly buy more if spot drops under 13USD and premiums don't sky rocket.

[modofantasma]

How are you currently buying silver?

In 'paper' form, some within an ISA and short term I trade in and out via spread betting. 

[James32]

1 hour ago, SilverDrum said:

Are we talking Gold, Silver or both?

Edit: I see this is in the silver section, but @James32 is talking gold. 

Stop trying to get me thrown out😁

 

[LawrenceChard]

3 hours ago, Bigmarc said:

Thought I would do a poll to see what members are currently doing, are the pound cost averagers still averaging, or seeing how the land lies. 

In monster boxes?

😎

[SilverDrum]

55 minutes ago, James32 said:

Stop trying to get me thrown out😁

 

Deported.

[Pete]

I am only buying, reluctantly, what I need to continue sets and date runs of silver coins.
For new stackers the price of silver is much cheaper than some of us oldies paid so perhaps on the longer time horizon this is not a bad time to accumulate more, especially when some stackers are starting to unload their inventory ( forced sales ) to pay their mortgages and soon - fuel bills.

[Bigmarc]

Thanks for your votes, nice to see the outcome. 

I have been waiting some time without a purchase and am getting itchy feet. I had been waiting for it to drop below £15 per Oz or the economic outlook to turn but neither seems to be happening so good to get a general feeling. After reading a few articles on the general outlook for 2023 wasn't sure which direction to go in. 

[Pete]

53 minutes ago, Bigmarc said:

Thanks for your votes, nice to see the outcome. 

I have been waiting some time without a purchase and am getting itchy feet. I had been waiting for it to drop below £15 per Oz or the economic outlook to turn but neither seems to be happening so good to get a general feeling. After reading a few articles on the general outlook for 2023 wasn't sure which direction to go in. 

Whatever way you chose to go I guarantee with 50% probability it will go the other way.
Most of us seasoned stackers are members of this crystal ball gazing club !

[HillWalkerDundee]

I have been ill for a nearly  a year and have been struggling to get back to being organised. I expect to start collecting in about two months.

Edited September 17, 2022 by HillWalkerDundee

[James32]

1 minute ago, HillWalkerDundee said:

I have been ill for a nearly  a year and have been struggling to get back to being organised. I expect to start collecting in about two months.

Sorry to hear that and wish you every success moving forward. 

[artalien]

13 hours ago, HillWalkerDundee said:

I expect to start collecting in about two months.

Dundee is very near to me so that's cool as I'd love to save on some postage. My current buying strategy for silver is: check account, deduct expenses, buy some 😃 Think that counts as dollar cost averaging.

[AaaGee]

Just buy 1oz coins randomly. I started stacking/collecting about 6 months ago and got about 30oz of silver brits and a handfull of royal arms. Want some more Royal Arms as basically, i like em. If the price goes obviously high ill just stick with what ive got.

[Dan12345]

Only buy second hand silver now as the vat has killed it. Premiums are high enough without paying vat as well

[HillWalkerDundee]

11 hours ago, artalien said:

Dundee is very near to me so that's cool as I'd love to save on some postage. My current buying strategy for silver is: check account, deduct expenses, buy some 😃 Think that counts as dollar cost averaging.

Hi,

It is good to see a local collector. 

[RacerCool]

I generally will buy a roll of uncirculated silver dimes or half dollars.  Or the occasional 1 oz silver Libertad to slowly round out the collection.

[ChrisF]

Buying only my date run coins, Chiwoo, Zi Sin, Panda, Kook etc.  I dont see myself buying silver for my stack again unless I can smuggle it into the UK VAT free.   I started buying gold but the price is too high for me.  Just sticking more cash in my S&S ISA at the moment

[Shinus73]

Junk silver as close to spot as possible, 10 oz bars when I see a bargain and recently back to buying any pre-2013 Britannias I can find at the right price.

[Happypanda88]

Not buying much. Boat full to capacity. Afraid of yet another tragic boating accident ! 🙄

[Stuntman]

I'm a buyer of paper silver in my SIPP at all prices below £16 per ounce.

I am unlikely to add to my physical silver holdings.

[MetalMandible]

Waiting to be able to buy rounds for $20 or less, ASE for $25 or less, and the premiums on 90% junk silver to come down substantially.

[stefffana]

Because I have started building for my soul and pleasure a collection of high premium products, I will continue buying silver flatware to keep the average into acceptable limits.

So yes, I am still buying monthly, going to average.