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Last week I had my eye on three silver items at APMEX when silver was $14.60 but I held off and decided to wait for an anticipated dip.

This morning the dip arrived and with silver at $14.01 I go to APMEX and all three items were HIGHER than they were last week with silver .59 cents higher--so much for buying on the dip

Is this the unofficial 'paper/physical' disconnect? Certainly seems it.

Crazy stuff friends.

$7.49 over spot for 90%?

Insane.

I was going to buy some palladium but it sold out! The silver I'm eyeing is still available for about 40 cents less. Not a big enough dip for me to justify pulling the trigger just yet. Although I have been to the coin shop twice in a week for a couple ounces here and there. 3 old libertads, 2 eagles, a couple old brits, all in the 3-4 over spot range for a nick or scratch or milk spot. Slim pickings and anything semi-numismatic way overpriced. They had a roll of buffalos at $2.25 over spot but spot was $14.90 at the time so I passed.

InfleXion wrote:I was going to buy some palladium but it sold out! The silver I'm eyeing is still available for about 40 cents less. Not a big enough dip for me to justify pulling the trigger just yet. Although I have been to the coin shop twice in a week for a couple ounces here and there. 3 old libertads, 2 eagles, a couple old brits, all in the 3-4 over spot range for a nick or scratch or milk spot. Slim pickings and anything semi-numismatic way overpriced. They had a roll of buffalos at $2.25 over spot but spot was $14.90 at the time so I passed.

When bullion dealers raise the premiums, LCS is probably a better bet. Last week I bought 100 AU Morgan dollars (not one 1921) for $17 each.

Cu Penny Hoarder wrote:When bullion dealers raise the premiums, LCS is probably a better bet. Last week I bought 100 AU Morgan dollars (not one 1921) for $17 each.

Wow, that's what I call buying on the dip--great pick up!!!

Buy the dip here like me!

May I suggest "Buying the Dip" with the current Group Buy over at BullionStacker run by Chris: http://www.bullionstacker.com/viewtopic ... 27&t=22235

pennypicker wrote:

Cu Penny Hoarder wrote:When bullion dealers raise the premiums, LCS is probably a better bet. Last week I bought 100 AU Morgan dollars (not one 1921) for $17 each.

Wow, that's what I call buying on the dip--great pick up!!!

Dang I would have jumped all over that. My coin shop was charging $27 for AUs and they didn't even look that good. I've been wanting Morgans lately too

pennypicker wrote:

Cu Penny Hoarder wrote:When bullion dealers raise the premiums, LCS is probably a better bet. Last week I bought 100 AU Morgan dollars (not one 1921) for $17 each.

Wow, that's what I call buying on the dip--great pick up!!!

A lot of these brick and mortar LCS's are getting desperate. If you have a lot of dry powder, go into your local LCS with a pile green rectangles and make them a fair offer... about 50% of the time they'll take you up on your offer.

InfleXion wrote:

pennypicker wrote:

Cu Penny Hoarder wrote:When bullion dealers raise the premiums, LCS is probably a better bet. Last week I bought 100 AU Morgan dollars (not one 1921) for $17 each.

Wow, that's what I call buying on the dip--great pick up!!!

Dang I would have jumped all over that. My coin shop was charging $27 for AUs and they didn't even look that good. I've been wanting Morgans lately too

Yes, that is an impressive pick up. Nice score