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 Replies: 19 / Views: 2,820 |
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Pillar of the Community
 United Kingdom
616 Posts |
Unexpectedly bearish. I was thinking start around $1,100 really get interested under $1,000. I didn't think anyone was predicting gold below about $800-$850. This is a good thread so far.
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Pillar of the Community
Japan
666 Posts |
I'm buying all the time when I see a good deal
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Pillar of the Community
Canada
2019 Posts |
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I'm buying all the time when I see a good deal Me too!  If I wait for a bottom I might be dead by then lol... Edited by Northerncoins
07/18/2013 6:25 pm
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Pillar of the Community
United States
1200 Posts |
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Pillar of the Community
United States
808 Posts |
Quote:
Unexpectedly bearish. I was thinking start around $1,100 really get interested under $1,000. I didn't think anyone was predicting gold below about $800-$850. This is a good thread so far. There are some gold proof pieces that might be worth considering at the $1,100 price level. However, for simple accumulation, I'd consider $900 the starting point for some modest purchases. I'd then try to buy regularly as long as the price remained at or below that level. There might also be some interesting opportunities in silver as well. However, at the prices we're anticipating, my focus is going to be on gold. Edited by coinwatch
07/18/2013 7:41 pm
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Pillar of the Community
United States
808 Posts |
Oh, and to be clear. These purchases will go toward completing some personal collection goals as opposed to just stacking on speculation. I am NOT buying anything on the assumption that gold is going to skyrocket in price any time soon.
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Pillar of the Community
United Kingdom
616 Posts |
CW
I assume no one here would buy a large enough amount in a year much less one purchase to have as much as they would want when gold goes up again. So I was assuming people would start nibbling sooner and over a long period of time.
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Pillar of the Community
United States
808 Posts |
Agreed, SB. But I think the perception that gold absolutely will drop below $900 is so strong, it's keeping people like myself on the sidelines. Another $200 drop, however, will surely get me hunting for some nice proof coins.
And you're right. Even at $900, no one I know is going to be stacking gold as if it were silver. For me, this is only about adding some numismatic gold to the collection while I can.
Edited by coinwatch
07/18/2013 11:24 pm
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Pillar of the Community
United States
1454 Posts |
$800 is the mark for me. I won't feel badly at all if I miss the bottom, though. I don't know if this is a common feeling but I actually prefer the appearance of silver, myself. But I'd rather stack gold than regular bullion silver any day. Even with my relatively modest collection of a little over 1k ozs. of silver, it's definitely a space eater. My fiancee tells me all the time, "We need a bigger safe!" ;)
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Bedrock of the Community
13014 Posts |
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I don't know if this is a common feeling but I actually prefer the appearance of silver, myself. I agree. Theres some gold coins I like but its not something I've been dying to get like some other things. |
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Valued Member
United States
477 Posts |
I keep seeing the $750 mark flashing in my face but in reality it would depend on my financial situation at the time. Being a construction contractor my income stream is less than steady.
Rick
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Pillar of the Community
United States
808 Posts |
traevin, I think a lot of collectors have an affinity for silver. Growing up in the latter half of the 20th century, gold coins may have caught my imagination in story books, but silver coinage was the stuff of daily life. Finding a shiny silver dime or, heck, a quarter? That was a pretty big deal way back then.  For someone who grew up enjoying US coins, these early impressions absolutely stayed with me, and the pleasure I derive from collecting silver today is very much a part of that early experience. |
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Valued Member
Canada
258 Posts |
@traeving: I'd say 1000 oz of silver is a little more than modest, lol.
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Pillar of the Community
United States
919 Posts |
I will start buying $20 gold pieces when they are back around $700. If graded ones hit $350-400 like in 2001 I will stack them.
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Pillar of the Community
United States
4333 Posts |
I've never stopped buying.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 19 / Views: 2,820 |
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Posted 07/18/2013 6:12 pm
