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 Replies: 28 / Views: 3,041 |
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Pillar of the Community
Canada
598 Posts |
I must chime in... you are all correct and even those posts not in yet are probably correct. Each persons level of correctness fluctuates with the markets/economic conditions.
Gold as an investment should be treated as any other investment... know what you're doing, seek advice and read up on varying opinions. Only months ago gold was at 670 odd US dollars. There was also a point not long ago when day trading gold ETFs may have been a gold mine in an extremely volatile week... if you're into sitting in front of a computer all day.
I remember about a year ago being told of the great advantages of mutual funds... times change and you hafta keep up with the changes for any investment strategy. At some point, for a true investor, gold may be out and the mutual funds back in. If I'd have listened to my "advisor" I would have those mutual funds. It is her job to sell them; even the best ones weren't for me. Currently I would only buy what appeals to me and not worry about getting a volume at spot. That is my strategy for me... not anyone else. I don't care if someone doesn't agree with me... and I will tell them so... then ask how their investments are doing. And I'd actually really listen... I might learn something or at least want to research it.
But... You gotta know when to hold 'em, know when to fold 'em, know when to walk away, and know when to run...
I've heard for the gloom and doomers saying to invest in brass and lead in the form of bullets... diversification! Don't put all your eggs all in one basket. Now imagine that being said by a grizzled old prospector from the dust bowl, depression, dirty 30s era... "You youngins shouldn't be puttin all yer eggs in one basket". Words from the wise.
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Pillar of the Community
United States
2521 Posts |
I think gold and silver will rise again pretty soon. Buying some gold at $900.00 an ounce is a good move. Like previously stated, you got to know when to get out.
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Pillar of the Community
United States
1231 Posts |
Everyone should buy lots and lots of MRE's. Then you won't have to worry about food
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Bedrock of the Community
United States
10982 Posts |
Relax and hang onto your gold. The current bull run on gold has at least 1 year left in it and probably two years.
I'll be shocked if gold doesn't hit $1,200 next year.
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Pillar of the Community
United States
3098 Posts |
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Everyone should buy lots and lots of MRE's. Then you won't have to worry about food And a few hundred STANAG magazines with arsenal loads of .223rem! ...I don't know... I kinda want to sell one of my Maples and buy either silver, Pd or Pt because they're industrial metals, and once the economy pics up, I believe that they will go through the roof! |
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New Member
United States
33 Posts |
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[/If it's not hit, sit and hold until you need to sell or you pass away and your kids inherit these.quote]
Almost 2 years ago, I did the same thing and bought gold coins I enjoyed like Isle of Man Michael slaying the dragon, American Eagles, Maples and Aussie Kangaroos at $650 per ounce.I did about the same thing over the last month at $950. My point is: values, speculation and opinions change everyday.This is something you can leave the kids. If you enjoy it-do it.
As CoinHunter said[quote]So really you haven't lost anything yet. You only gain or lose when you go to sell.
. Same thing applies to the house you paid $230k for 3 years ago and is now worth $70k. It's all in the timing, supply & demand etc. 18 months ago you could buy a Mini-14, 1000 rounds of .223 and a case of MRE's for %500, 400 & $40 (heater optional) respectfully. Now about $900, $700 & $60 (heater optional). It doesn't hurt to cover all the bases. |
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Valued Member
United States
245 Posts |
Wow, Mini-14 are up to $900 now? I payed $190 in 1985 for one and still have it.
If you want to invest in gold buy stocks, and if you want to collect buy coins.
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Pillar of the Community
United States
3098 Posts |
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Mini-14 are up to $900 now? In CA they go around $1200 |
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Bedrock of the Community
United States
10982 Posts |
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In CA they go around $1200 I know we're getting off the topic but I didn't think these were legal in CA. Can you still buy them if they're already within the state? |
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Pillar of the Community
United States
3098 Posts |
Let's get back to the topic!
Right now the dollar is weaker, but that is because lots of investors are going towards other currencies beucase their central banks are offering higher yields. Silver and other industrial metals are going up because of speculation that consumption will once again increase now that the market has sorta bottomed. As for gold... well... there's a lot of central bank buying as a transition from holding too many dollars (and get burned like this time.)
Now to get off topic!
Yeah, it's still legal, aka non-assault weapon, even though it has a detachable (less than 10 round) magazine because it's a rifle stock without the thumbhole, pistol grip, etc.
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Pillar of the Community
United States
1083 Posts |
I'm like the ant in Easop's Fable - never thinking about tomorrow. I sold all my bullion gold coins to buy a 1909-S VDB and a 1914-D lincolns, and to purchase all the gold coins for my 7070 page. Sure I'm still somewhat in gold, but with a big numasmatic premium. I like the look of them better than those new bullion coins.
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New Member
 United States
42 Posts |
Thanks for all your comments. Well, gold was down and now is going up again. I had banked on it being down when an auction came up that I prebid on. I ended up with a beautiful late medieval gulden from Cologne that I may have overpaid for...
So, I don't think one saves very much on the auctions right now.
What are your takes on buying gold pieces at auction now?
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Pillar of the Community
Canada
1248 Posts |
Hello Quenton we want pictures of your gulden...  I think you should turn your question around to this: Is it a better investment to buy COLLECTORS gold pieces than just every day gold pieces? In my opinion, every day gold pieces are actually a dime a dozen. They are nothing but a junk of expensive metal. However, a ton of people think they are the cats miow, totally forgetting that all they buy is a bit of gold. The serious coin collectors interest does not begin with that coin until it is at least MS64. so is it worth to buy Gold coins? If you do buy collectors coins at a good price.... definitely YES. But be aware of what you are buying. Your medeval Gulden? have you checked it out? there is s great market for them in Europe. Can we see pictures please? HHB |
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New Member
United States
42 Posts |
I do think that the question you are posing is a good one. Indeed, I find that I enjoy exploring the history and the art of the portraits on some of the ancient and medieval gold pieces, as well as those of the 19th century that are not the old, albeit lovely Liberty Heads and St. Gaudens. So, I don't have a picture of my gulden but the following link from archives shows a similar one of similar grade and price: http://www.coinarchives.com/w/lotvi...=500&Lot=880The figure is of, I believe St. John, under the reign of Archbishop Dietrich von Mors (Cologne). For that price you can get now a below AU half-eagle Liberty... Thoughts welcome... |
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New Member
United States
42 Posts |
Correction... I said St. John, I meant St. Peter (the key is a give away). The Cathedral of Cologne is historically one of the most important centers of the Catholic Church in the former Holy Roman Empire, and now in Germany.
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Replies: 28 / Views: 3,041 |
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Posted 06/12/2009 6:59 pm
