How much money do you spend on physical silver every month?

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#1 Wed, Jun 15, 2011 - 3:06pm
SilverTree
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How much money do you spend on physical silver every month?

How much money do you spend on physical silver every month?

Edited by: SilverTree on Nov 8, 2014 - 5:09am
Wed, Jun 15, 2011 - 3:16pm
sevin
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Not enough! But I can spend

Not enough! But I can spend some more now that the 99 cent stores in Texas have a deal this week in honor of Lebron James. The deal is everything is only 75 cents for those who don't have a fourth quarter.

Usually I try to buy 20 oz a month, but I'm just a poor college kid trying to prepare for the inevitable.

Wed, Jun 15, 2011 - 3:34pm (Reply to #2)
SilverTree
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14-15oz a month for me. (lately)

I spend $600 a month on silver. I have been buying silver for about a year, mostly Silver Eagles.

Wed, Jun 15, 2011 - 3:40pm
sevin
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not sure how it works at all

not sure how it works at all coin shops, but with the one i go to, there is no sales tax if it's over $500 so usually I get right over that when i go.

Wed, Jun 15, 2011 - 3:42pm
Sterling
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I buy between $300 and $400

I buy between $300 and $400 per month depending on where the price is. Sometimes I hold and save for a dip. I haven't bought anything over $40 yet so I have some dough ready to drop....

Can I offer you a drink? How about this expensive prostitute?
Wed, Jun 15, 2011 - 4:33pm (Reply to #5)
SilverTree
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How long have you

How long have you been buying silver fumofo?

Wed, Jun 15, 2011 - 4:54pm
Two Gun Tobin
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Buy $1500 month

Here in Ca. no tax if you buy more than $1500... so thats what I do, usually 10oz bars.

Wed, Jun 15, 2011 - 4:55pm
Gunrunner
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How much do I buy

I buy a roll of twenty about every two months. Time are tough and after college tuition for the kiddo, I am able to work that into my budget. Unlike 7 stated, here in Texas the tax break comes in at $1000.00. The last roll I bought was from a local gold and silver buyer and out of their four locations, I bought their entire inventory of 26 silver eagles. I have read where the supply is low and this could very well be true. I do not buy proofs or collectibles, just bullion coins. My collection is at 145 silver eagles and 250 maples. I do have 5 gold eagles and 7 buffalos to compliment my collection.

Bang Bang
Wed, Jun 15, 2011 - 5:02pm (Reply to #6)
Sterling
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Since early 2008

I started when it was around $15-16/oz back in 08. Kept buying up to $20 that year because I wasn't expecting Silver to correct. But it did and I was buying like crazy when it dropped back down to $9. Of course I couldn't find it anywhere for that price! I have mixed lots - ASE's, Maples, Phils, Libs, Kooks, Pandas, private mint bars and rounds, and a gang of junk with some really nice peace and morgans.

Can I offer you a drink? How about this expensive prostitute?
Wed, Jun 15, 2011 - 5:11pm (Reply to #9)
Sterling
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I forgot the koalas and I

I forgot the koalas and I have a bit of sterling as well...

Can I offer you a drink? How about this expensive prostitute?
Wed, Jun 15, 2011 - 5:44pm (Reply to #10)
R man J
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Au and Ag numbers

Stuck with 401k and can't get out for 4 more years. Started buying PMs in 1999, got more serious in '06 but got intensely serious in '09.

Now putting all retirement investments into Au/Ag since early 2010.

$1250 Ag / $750 Au per month for last 15 months. Sleeping better.

Wed, Jun 15, 2011 - 10:27pm (Reply to #8)
SilverTree
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Impressive

Impressive

Wed, Jun 15, 2011 - 10:33pm
plunder
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Next feature on TFM: the poll

This would be a perfect poll for the forums. This and the "guess the price and the date" competitions that occasionally pop up.

I'm at $3-400 same as sterling.

Wed, Jun 15, 2011 - 11:17pm
Dr Durden
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$1000/month for the past 9

$1000/month for the past 9 months or so. Sort of late to the party (started at $17) because I was very cautious/resistant not owning a single oz of either silver or gold, brand new totally wet behind the ears.

I like to think I have a retirement safe vs a retirement account. 

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Thu, Jun 16, 2011 - 3:09am
Mike
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We buy as much as we can

of silver/gold/mining shares as often we can. We will buy today and next week.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Thu, Jun 16, 2011 - 5:12am
Spud
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For the last year

on average £400-£500 a month on physical with the odd large purchase when flush.

Thu, Jun 16, 2011 - 2:42pm (Reply to #16)
TerrorTed
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Same as me, Spud

I'm currently on a £400 Silver budget per month.

Thu, Jun 16, 2011 - 2:51pm (Reply to #17)
silverbleve
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after I have enough beer..

After I'm sure i have enough food and beer and the rent and electricity and utility bills are paid, it all goes to silver. But I don't buy regularly, I have a good relationship with my dealer here in Chico but the last few months I have gotten the feeling he dosent like to see me coming, even though I surely must be what he considers a good customer. The problem for him is I only show up when there is a good dip.

When we broke below $35 I showed up and cleaned him out of ASE's, and as he was selling them to me he told me he had bought a lot of them earlier that day above $36.

I also am not ashamed to admit I sold him around $5000 worth when we were still at $45, and at the time he was looking at me like I was crazy. I still havent bought all of that back though.

Since I got a kegerator though I've had a lot more to put towards my stash, the economics of buying a keg at a time are so much better than six packs and cases, plus where I live we have what I consider one of the worlds most kickass breweries, sierra nevada, and I get kegs right from them at a pretty good price.

My favorite silver right now is 1996 eagles, don't know why really, the heart wants what it wants. Speaking of which, here is one of my favorite beers from there:

Thu, Jun 16, 2011 - 2:53pm
No1Hunter
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Varies

Varies from month to month on how much I "invest." Mainly depends on the amount of spare $$ I have, the current price and which way the wind is blowing. :-)

Mainly buy ASE's and 90% US with a few bars if I can get a good price on them.

Fri, Jun 17, 2011 - 2:26am
Captain Silver
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Slow/steady accumulation

Simplified my life a few years ago to substantially boost savings/investing and have been allocating some to PMs since 2000, have been putting almost all savings into phys pm/pm stocks since QE1 to build the stash. I've also been slowly converting all existing investments to what I view as quality inflation hedges: mining stocks are in there, as are quality US companies that have shown less volatility over the past two years.

Been buying monthly in roughly fixed increments: ASE/AGE and some larger format bars/rounds when the premium is right. Keeping a good deal of powder dry just in case we get another "generational" asset buying oportunity.

Our monetary system has been hijacked by morons! Abandon ship!!!!
Fri, Jun 17, 2011 - 11:26am (Reply to #20)
SilverTree
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.

Nice!

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