Where's The Bottom On Gold In 2013?

There is far more room for silver to run than gold. The market for silver is much, much smaller than gold and thus is much more volatile. It's best to just buy and forget always remembering silver will see astronomical at some point in the not too distant future.

Gold and Silver are both under pressure. A lot of new money has bought in. Pre33 gold has jumped in 10 years. People may run for the door if it gets under $1500. I'm sitting back for a while to see how it plays out. If I miss a jump so be it. I still have a fair amount of silver that will enjoy any increase. Though it may never happen, I want one chance to buy ASE's at $6 and 1 oz gold bullion at $300 each.

I'm just trying to get the gauge on where people think we might be going after the first of the year. For some reason I have not had much luck predicting the bottom to wait for to commit a bulk of cash to buy. That is probably why I DCA my silver stack otherwise I would be kicking myself for all the silver I bought last spring at +$36 and didn't hold that money until the summer to buy at $27.

aandabooks-

yes I understand what you are trying to do, I hear you.

the bottom line is tho, as one famous trader said, "no one can call tops or bottoms" and that is really true its a fools game. and when you are buying physical gold coins it can be tricky.


hence while I was collecting I decided I would stick with gold and silver proofs, as I have said many times here in other threads, so as to give myself some cushion. Now I can see everyone growling, saying that you cant buy enough silver and gold that way but ima fine with it.

Now, that said..... because of the nature of PMs, if you plan on say, sticking to BU gold coins, such as Eagles and get a good price over spot, I dont think its a bad idea to NIBBLE when we get days and days of selling in PMs.

While I am not an individual that likes to buy things when they are being sold off (i would rather buy high to sell higher but that's for a different time), I do think that with coins, when there's a vicious sell off in gold and silver, wild carnage, you should go and again NIBBLE some. Don't blow all your cash. Because what happens often is you think, oh this has come down enough and perhaps you are happy for a week and then the prices commence their move down and you could have added some more coins down the road at an even lower price.

Some other ideas to help you purchase gold- try and stick to coins with Prems. Yes again, I can see everyone chomping at the bit here "no dont do that, you cant stack, you can only get so much gold its not going to pay off". well my friends, I just got back into collecting coins, IE, proof silver and gold from gov mints, and world bullion via rolls, sheets... and except for the Libertads and some proof Perth Mint pieces almost everything has gone up in value and ima happy that I took quality, over quantity as I say.

Sooo... I suggest this again, before I get off track-

1- look at proof mint silver and gold coins from gov mints and buy direct from the gov mint as much as possible (someday i;ll explain who and how deals with which mints)

2- look at bullion that carries a prem or that allows you to buy direct from the Mint. IE, it is my understanding that you can buy direct from The Royal Mint Brit silver rolls and gold. For gold, I suggest buying china pandas as they carry a prem clearly that holds up. just make sure you buy from a REPUTABLE dealer, because if its too good to be true deal wise you will get stuck with a fake.

3- I say stay AWAY from gold and silver graded coins, you wont get the most bang for your buck.

4- diversify your bullion gold and silver coins, get some Aussies Roos, some pandas, some eagles, some maples (to help deal with the drops in PM prices) and try and find those that have the lowest mintage's

As far as moving averages, those are not set in stone. the 200 day MA is but just a mere reference point. prices can and have and will slice below and above that. All moving averages are nothing but reference points from the past. They are not support nor resistance. and furthermore charts only tell us the past, and nothing about the future.

For that reason, I feel its very difficult to match your coin pricing and buying with the moving spot prices. If you were trading futures, or ETFs tied to gold and silver it would be a different story.

Perhaps sentiment is the best way to be buying coin purchases and ima trying to write up a piece here for you guys who aren't technical, a sort of a layman's easy to read simple chart to help you decide when you want to add to your stacks, using free tools on the internet.

And finally, as some members said here.... buy some coins, and sit on them and be patient, let the years go by. I think thats a very sound strategy, provided you dont blow your entire line of cash on the coins you buy,,,, buy a little at a time and try to stick to quality coins IE proofs. (BTW when I reference to coins, in this topic I am talking only about silver and gold coins, IE world bullion and proofs)

Again, this is just my suggestions, they aren't gospel just telling you what has worked for me in the past.

hope that helps!