My, oh my, what a wonderful day….for bullion buyers.
I’m a Texan, so my favorite dip is ranch. Or salsa. Each is incredibly satisfying.
As a silverbug, my favorite dip is happening as we speak- a bear market has gold prices sitting around $1209 this morning, while silver’s spot price is a mind-blowing $16.56.
When prices are this low, where do I start buying? The ASE is obviously a classic, but …have you seen the new 2017 Queen’s Beast- Griffin or the Nordic Creatures? Personally, the Nidhoggr 1 oz Silver Antique Round is my favorite.
Asid
e from how to react to the market, I’m wondering, how did prices get so low? We were all told a Trump victory would send precious metal prices soaring. Well, aside from a short spike on election night, I have yet to see these alleged spikes. Call me crazy, but it seems gold is actually falling because the world isn’t ending…
Well, my theory, aside from the fact that I think rational human beings should rarely, if ever, take action on predictions from main stream media, is the election night results aren’t quite the catastrophic world event that was forecast. The dollar is strengthening. While the jobless claims report was anticipated to indicate around 257 K new claims, only 235 K new claims were reported. That’s historically low.
By no means and I am Trump fan-girl. And, I don’t wish to get overly political on
this blog. I just think it’s interesting to note the sky actually isn’t falling, and the Apocalypse isn’t here, as so many were certain it would be. I think America is resilient, and while we face ample issues of unemployment, debt, terrorism, and a host of other plagues, I believe we have at least a glimmer of hope.
Back to the dip- what are you planning to buy? What should I buy? What’s your favorite new release- Nordic Creatures, Colorized Norse Gods, Queen’s Beasts, any of the new 2017 sovereign coins from mints around the world? Let me know, below!
I hope everyone had a safe Veterans Day (thank you to the courageous men and women who serve and have served), and have a blessed Thanksgiving from Provident Metals!
Happy Stacking!
-J
Still a fan of US Silver Eagles and Canadian Maples…..
still a fan of Canadian Maples and US Silver Eagles…..
Don’t tell my Canadian boss I think the Maples are a little cooler than the ASEs. He has too much Canadian pride, as is. 🙂
-J
Love them all, I am more of the fan of what’s the cheapest oz, but the new designs are cool.
I like cheap, but it’s hard to pass up some of the crazy cool series. Luckily, we offer weekly deals.. 😉
-J
I tend to buy low premium generics when price is low and higher premium when spot is higher. My thinking is, at higher spot prices, the premium is a smaller percentage of total cost, making it a better buy at that time than a generic. Conversely, when prices are low, a high premium almost negates the cheap spot price.
Wise words!
-J
Give me those generic rounds and 10 oz. bars on sale! The specialties and sovereigns sure are pretty to look at, but I’m not one to lay out too much on premiums. Buy the dip!
Definitely buy the dip! 😀
-J
I have been buying,… somehow I became interested in silver about the time of the last major dip when it was below $15, and started my investing then. I started with just bulk bullion in 1 oz rounds for ease of liquidation, and Kilos as long term investment, as I have little, to less than zero faith in the American dollar. Now, to address your question towards my thoughts on new releases, I’ve “graduated” to the designer bullion rounds. My collection includes the Privateer Series and the Egyptian God Series both from Elemental Mint, the Ariana Fairy Series designed for the almost legendary Silverbug community, and the Hobo Nickle Series which caught my interest after reading a write up about the history of the hobo nickle itself. My most recent acquisition has been the 5 oz 1st release of the aforementioned Nordic Creatures Series from the Osborne Mint, and I am on the waiting list for issue two. For whatever reason, I have become a huge fan of the high relief rounds, although they are considerably more expensive than bulk bullion, the artwork and limited mintage add to their beauty as well as their collectible value.
You have SUPERB taste in rounds! And, I am a huge fan of the ultra high relief technique as well. Nothing beats Cleo.
-J