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 Replies: 52 / Views: 3,334 |
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Pillar of the Community
United States
1541 Posts |
Sorry for jumping in the middle, I have a question regarding the Buffalo Gold. Lets say when it does become available gold prices would have increased, probably $750-$800 and if you do buy at that price and eventually when the market corrects and gold ends up in $200-$300 then you've lost money on what you baught or does it retain the numismatic value?
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Forum Kid
Kuwait
1523 Posts |
it depends, Most Coins like that are Numismatic value, like ASE's but some are just bullion and are sold for bullion price which means yes you do lose money. But in the numismatic value it may go down a bit mainly because gold/silver prce but therell be a price for rarity. |
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Pillar of the Community
 United States
2365 Posts |
They would retain a certain numismatic value for collectors depending upon scarcity and so forth but, you would lose the $ from their gold value. Does that answer your question? Otherwise, would you get your initial investment plus original bullion price back - unfortunately no. Now, unless you find another investor who also paid the high price and is willing to trade/sell for a set (coin) of better quality/error. Is that likely - probably not, but who knows.
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Pillar of the Community
United States
2365 Posts |
Unfortunately kidcollector I know zip, nothing, nada about Kuwait. There's a discount?
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Forum Kid
Kuwait
1523 Posts |
Well its not actually a discount its more of if you find the right people. I went to this Heritage Souk(old market) where they sell gold jewellery, bars for 20% down and maybe more if you are a good haggler.
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Pillar of the Community
United States
1541 Posts |
Yes, it does answer my question, thank you.
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by thekidcollector
Well its not actually a discount its more of if you find the right people. I went to this Heritage Souk(old market) where they sell gold jewellery, bars for 20% down and maybe more if you are a good haggler.
Anything jewellry like can be had for 80% but who want jewellry apart from the emirates and the souks  |
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Valued Member
United States
236 Posts |
If you compare buy power of 1980's (what our dollars would buy) against what it buys now- and use that equation - then the math people, the swiss banks, hong kong and all the rest have said that gold will and must hit $2000.00 per ounce to be up with inflation-within the foreseeable future. Therefore- all these other factors- crude, metals etc will rise- Why? Supply and demand rules. When you have short supply-whether it is artificial or not- The prices go up- and up.-- It does appear that Gold will continue to rise in spite of all our speculation- So who is paying these high prices- A forum member just said, he was going to hold off-- When Gold jumps 16.00 at a time like it did today- it does make one want to hold off--These Big Time dealers are saying they can't keep up with it- and I believe it- Because I have had an order in with a dealer whom I deal regularly-(He is big-time) and his filling my order took 7 days longer than usual this time. Some one is buying. World conditions are in greater turmoil now than say a decade ago- and this may be a factor in why more people are turning to gold- They have more faith in it now than during the days of Jimmy Carter in our other Iranian fiasco. $Finally 720.10 today- We are all watching-and wondering- Our society has already taken the attitude that Money is no Object-- why? because of the plastic mentality Credit cards- SO here is where your inflation really started- and the banks love it- America has become slaves to the Plastic Card- (Not I) but the majority. Yet, some are waking up- and they now want Gold to help them through a (maybe Crisis) well enough said. My nickel aint worth a dime anymore-- so I will quit here. Dewey
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Pillar of the Community
Belgium
2078 Posts |
Who is buying ?
Well for one it is reported miner Barrick decided to take out like 4.5 millions of ounces of its edge book in Q1 2006
Those speculators and miners with short edges are burning ; either buy now or get burned even more buying tomorrow
Then there is the goldfunds ETF's who may be starting to get some intrest from pension funds and investment funds
Then there is China and Russia who have billions of paper dollars and both stated they want more gold
Then there is the savvy Indians and all the others who buy 999 jewellry not to wear but as an investment
And soon there will be the second wave of investors and last J6P
The figures to equate to the 1980 top vary between 2200 and 2250 $ per ounce
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Forum Kid
Kuwait
1523 Posts |
Its not only Jewellry, Bullion Rounds, bars and coins...
But I can't afford them. :)
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Pillar Of The Community
3147 Posts |
The only people I know wanting jewelry are those who will pay nothing to get it from you so they can melt it down! I have NEVER looked at jewelry as an investment and never will. Next on my NO NO list would be diamonds as they are always worth a fortune when you are buying but try and sell them later? We must face the facts in hard times gold, silver, cigarettes and booze will all be winners when it comes to bartering!!!
Oh, and one other item will hold its value VERY well.....guns and ammo!!!
Edited by crystalk64
05/12/2006 09:03 am
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Pillar of the Community
United States
1541 Posts |
Most Asians are very interested in jewelry, in Sri Lanka you don't get 1oz coins but if you want to accumulate it'll be the sovereigns and that it also mostly collected in order to use them for jewelry in the future.
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by crystalk64
The only people I know wanting jewelry are those who will pay nothing to get it from you so they can melt it down! I have NEVER looked at jewelry as an investment and never will. Next on my NO NO list would be diamonds as they are always worth a fortune when you are buying but try and sell them later? We must face the facts in hard times gold, silver, cigarettes and booze will all be winners when it comes to bartering!!!
Oh, and one other item will hold its value VERY well.....guns and ammo!!!
I can add another I have a cupboard full of real Cuban Cigars and for the real coinnoiseur I also have French Napoleon Brandy ( Remy Martin )  |
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by crystalk64
I have NEVER looked at jewelry as an investment and never will.
One of the things, perhaps the biggest thing to worry about when it comes to silver, is people selling off their little hoards when the price gets high enough. Lots-O-little hoards are going to become a mountain if they do. I don't think anyone really knows how much silver bullion is socked away by people who just bought it because it was cheap. Or how much of it is in jewelry. Hopefully, alot of it is in jewelry. The high fabrication costs and insane markups might keep it from going into the melting pot. Especially if the jewelry was a gift. Like Brandy for example, she wears a braided chain made of the finest silver from the North of Spain? It was a gift. She'll never sell it. Noooo, not Brandy, she'll never sell that chain.  "Yeah, Brandy used to watch his eyes When he told his sailor stories She could feel the ocean fall & rise She saw its ragin' glory.." Brandy--Looking Glass |
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Valued Member
United States
458 Posts |
O my, Am I guilty of bringing this thread back earlier in the week? In any event, looks like the markets were cashing in these last 2 days--AND I mean cashing in and taking profits--My 401 account got hammered these last 2 days-- GOLD tho stood up, AND my prediction held--Closed today @$710.50-- Lost a whopping $9.60--amazing--otherwise, & even so, my prediction blew by 700-- What does next week hold fer ya? eh?  Edited by CiScO
05/12/2006 8:27 pm
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Replies: 52 / Views: 3,334 |
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Posted 05/11/2006 2:39 pm
