The Christmas Buy

This one is very hard to answer. I think would do a mix of silver and gold. I would do like 5 (10) oz bars of silver. You know the ones in the nice plastic sleeve type holders and then I would buy an early date $20. St Gaudens in Au-53 ( around 2500) or so and spend the rest on some small denomination Gold coin for just over spot.

Great answers, everyone. Thanks for participating!



Yes, that IS the question, isn't it? It's very likely to be one or the other.

I keep thinking back to 2008 when gold pulled back from around $1000 to the low $700s. As we head into 2012, a lot of things on the economic scene are looking more and more like 2008. Could we see a repeat pullback in PMs? Maybe. If we did and if it was of the same approximate percentage, it would be about a 28% drop. If we started at, say, $1750, this would mean a pullback to around $1260. Yikes! That's quite a drop, no doubt. Of course, there is no telling if that will happen but we do know that there was quite a drop in PM prices today. Will this continue or was this just a short-term drop in prices that will soon reverse themselves? THAT is the question!

I'd buy back my Mexican Republic 8 Reales that I recently had to sell off

As others have posted on other threads, I believe coins with numismatic value are the best way to go, right now. I believe it is a BUYER'S market.

In the last 15 days, I have spent 2K on numismatic coins. 2K is a LOT of money to me...but half was proceeds from another numismatic venture and the other half was from teaching classes.

In order to get the best bang for the buck, you need research what you want to buy. First and foremost, you need to decide if you are buying to keep, invest, or turn for a profit. These are three distinct avenues...don't kid yourself.

True that Ed, as I understand one may buy a nice graded rare high on most all collectors numismatic coin list, which has a high chance to rapidly increase in value, but I like your guppy reference have ZERO idea what that coin would be to buy, so I will stick to simple easy stack-able silver bullion bars like Engelhard and Scottsdale sealed up tight, as I figure those are less likely to tone. As well as other high premium silver items, and I know it when I see it....

Like Mike on American pickers always says...."The best time to buy something really cool and rare, is when ya see it.".....

Where are the deals on the Maples when you have the money?

Personally there are many ways to go with silver or gold. I like the coins because when selling I have found they hold their premiums so you don't loose anything.

Sometimes I have found trying to get the premium back on bars or rounds have been a problem.

Platinum would certainly diversify your holdings.

If it was me I would take the Silver Maples and some of the fine 24K gold stuff they mint.

However If I could find some cheap Silver Dollars in BU then I might spring for some of those too.

I don't know if I would take a risk investing it in numismatics just too much like playing the lottery.

I voted for all gold. With gold prices so high I have not been able to make any purchases but I would like to get a few ounces for my 7070 book. $5,000 should be just about enough to fill the gold page in the book, then it would be back to buying silver.