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I buy and silver goes down. Sound Familiar?


crazy hippo

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I just bought 25 maples at 11.21 spot, and was really pleased with myself, a few hours later silver goesprice was down to 10.94!

 

if it stays at that over the weekend, i`ll be doing my best to get some more fiat and buy another 25 :)

 

But what did you pay for your Maples ?

When spot was £10.94 STG were asking £13.10

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I got some premium stuff this week i bought for a few reasons 

 

They are premium coins 

what ever the spot price they will sell for a premium

Stock was going down fast from 150 at begin of week to less than 50 on weds 

And its a punt like most things 

and silver was around 11.20 an oz so taking all these things into consideration i pulled the trigger on them 

 

Even on maples your still paying £2 + an oz over spot what ever the spot price is 

 

say you buy 50 maples today when spot is £11 an oz you would need silver to go back to over £15 an oz to make any tiddy money back on them anyway at scrap 

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