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Bullion Bars, Ingots, Coins, Numismatic Coins, Rouinds etc.
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TOPIC: Bullion supplies
#22247
Bullion supplies 1 Year, 2 Months ago Karma: 120
There is nothing more disappointing (well almost) than buying some bullion just BEFORE the price drops. We purchased some on February 11 thinking the prices couldn't go lower. Well surprise, surprise. Good think I am not a gambler, as I certainly don't pick very well.

IMy husband and I happen to buy from an on line site. Since we did not have a shipping date yesterday, I took the liberty to call my supplier and ask the unthinkable.

I suggested that since I hadn't heard anything regarding shipping, perhaps they were out of inventory and were waiting to buy at the “bottom”. My question was, “Could I get in on the savings?” Now I now that once I enter "place order” it’s a done deal, but as my mother always said "You have "no", you can always ask for a “yes".

To make a long story short, I did get a small credit on my NEXT order. You know the saying, "A penny saved is a penny earned".

My supplier says they have full inventory at this time. I am thinking, perhaps everyone is hoping to hit the bottom. I wish I had waited, but I am not losing any sleep YET

Seriously I don’t like this any more than anyone else, but I am not leveraged, and I would rather have bullion than fiat.

My greater concern, at this time, is getting a shipping date, as I expect this drop is hurting the suppliers. Any thoughts on this “concern”.
debsyl
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#22248
Re: Bullion supplies 1 Year, 2 Months ago Karma: 255
debsyl wrote:
There is nothing more disappointing (well almost) than buying some bullion just BEFORE the price drops. We purchased some on February 11 thinking the prices couldn't go lower. Well surprise, surprise. Good think I am not a gambler, as I certainly don't pick very well.

IMy husband and I happen to buy from an on line site. Since we did not have a shipping date yesterday, I took the liberty to call my supplier and ask the unthinkable.

I suggested that since I hadn't heard anything regarding shipping, perhaps they were out of inventory and were waiting to buy at the “bottom”. My question was, “Could I get in on the savings?” Now I now that once I enter "place order” it’s a done deal, but as my mother always said "You have "no", you can always ask for a “yes".

To make a long story short, I did get a small credit on my NEXT order. You know the saying, "A penny saved is a penny earned".

My supplier says they have full inventory at this time. I am thinking, perhaps everyone is hoping to hit the bottom. I wish I had waited, but I am not losing any sleep YET

Seriously I don’t like this any more than anyone else, but I am not leveraged, and I would rather have bullion than fiat.

My greater concern, at this time, is getting a shipping date, as I expect this drop is hurting the suppliers. Any thoughts on this “concern”.



Debsyl, unless you tend to be one of those Beginner's Luck people; think of this as a Law of Averages proposition. The more bullion purchases you make (cumulatively, over time), the better the chance that some of those purchases WILL be made at some long-term bottom. That's also the general rationale for dollar-cost averaging.

For what it's worth, the bullion market does not seem to be kind to newer investors. When I started buying bullion, it seemed I frequently made purchases "just before" another leg lower.



It's not like I was being REALLY dumb and going around buying when the price spiked higher...I only did that once (lol). But prices would go sideways for a while, or take a dip; and my "buying instincts" told me that now was the time to buy.



I don't feel like I have ANY better handle on "picking bottoms" today. If anything it's even harder because the manipulation is getting crazier, but I've done better (in hindsight) with my purchases in recent years. Rarely do I buy at absolute bottoms, but at least I'm not getting the humiliation of watching the price IMMEDIATELY dip after I buy.

Perhaps my "initiation rites" are behind me...?



(I know those words will come back to haunt me!)
Jeff Nielson
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Last Edit: 2013/02/20 16:20 By Jeff Nielson.
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