Gold Coins, Are They Going To Continue To Grow In Value?

I recently purchased my first gold coin. My budget isn't the biggest, however I was able to acquire a 1945 dos pesos for 40$. I kick myself almost everyday, 15 years ago when I was in high-school, gold was 350$ an oz. I wish I would've had the foresight to purchase some back then.

I have a feeling that gold will break the 1k mark, and that silver will go past 15$ an oz. this year. What goes down has got to go back up. I also think even that most economists say that the bottom cannot accurately be determined, I think we are very close to it now. My main reason for thinking that we are at the bottom is that we don't have to much more to lose.

I look at it this way, if I had $1,000 to invest, would I buy gold? No! If I had $20,000 to invest, would I buy $1,000-$2,000 worth of gold/silver? More than likely. Back when gold was $350, I bought a house in Southern California for $30,000. Today, that house is worth around $200,000, down from $350,000. Plus, it brings in monthly rent. Precious metals will NEVER accomplish that. BUT, precious metals have one thing RE doesn't, LIQUIDITY. So precious metals is not a bad thing to have, especially if our monetary system collapses. We may need it just to trade. But for long term investments and return, there are much better investment vehicles.

If our entire monetary system collapses, ammunition will be the new currency, not precious metals. At least for the first 20 years, so I hear.

.22s will be the new chump change! 500 for $12!

I wonder what will be higher denominations? .700 Nitros?

I mean I have gold and silver not that much as an investment vehicle. And especially in this time, you don't really know where the price is going to go and you might have to sell it for a loss when you need the money. Sure, a few bars here and there is good as a small hedge, but it's not the hedge that's going to save you from an economic collapse or anything like that.

I agree. Precious metals should only be a (small) percentage of your portfolio; if only for emergency liquidity. Real estate is the best long term play because it can earn money in other ways besides appreciation.

I hope this never happens, especially at the hand of any of our members, but it is something to consider when discussing "end of civilization" scenarios: the grocer would "take it" and not in a good way.

If you said gold prices have never been this high - please think twice before typing. Factoring in the inflation back in 1980 when gold was about 800usd, it could be easily over 1000usd in today's dollars. If you happened to buy gold and silver back then, you haven't break even. Tough luck.

I repeat, gold is mined globally at around 80 million ounces per year. And when gold prices go absurdly high, central banks and the mining companies are more than happy to sell at over 800usd/oz. Mining production cost per ounce of gold is just about 300usd. In short, it's absurd. It's only because of the fear that the dollar will collapse which drives up the gold demand temporarily. When people start to be confident of the dollar, I can assure you that gold prices can't possibly go any higher.

Honestly, how high do you want to see gold prices going up to? 1000 dollars? 2000 dollars? Yes, it would be nice to dream on but this is what brings down a massive collapse - figures aren't sustainable. Someone wins, someone loses out and that someone can be you.

I am not big on these Mad Max SHTF scenarios. But if you believe that this may happen, you may want to stock up on dry goods and hard alcohol.

As to guns, you don't need a lot of guns. You only need one, and that one you need to know how to use - well.

As to gold, I wish gold would go down so I could afford some. I just started last year with silver and coin collecting. I own 2 pieces of real estate (well, the bank owns some, but they are being paid down at an accellerated rate). I have some money in cds, and too much in 401ks and IRAs. So I guess, I am diversified.