When silver drops, I buy. When silver is up, I buy. When silver trades sideways, I buy. Not a lot, as can be seen from my SSG posts, but an ounce or two pretty regularly.
But for the first time since I started stacking, this is what I got at my LCS.
That's not to say they didn't have any silver, but the generic bin was bare. They would have happily sold me some new shiny premium $23+ one ounce rounds. But I can't justify paying such a huge premium. I mean, I don't want the LCS owner to lose his shirt, but I'm not going throw my money away either. So I walked away with nothing.
To those of you who have been through these cycles before: is this how the story typically plays out? When prices drop suddenly, supply is low and premiums are high? Makes it hard to get ahead in the game if you can't buy when spot is low.
Good thing I've been buying all along.
Posted via neoxian.city | The City of Neoxian