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 Replies: 34 / Views: 5,830 |
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Pillar of the Community
 United States
2424 Posts |
thanks. yea all opinions and contributions help!
i my decide to settle on 90%. not sure which. if I can get UNC 90% for spot, then I will. if not. we will see what the coin shop has.
this is of course my last and only ounce of gold. it is a RISK. I know. life is about RISKS. I am willing to go for it. I am going to try and get as much 90% for the sale of my krugerrand as I can. we will see. let me know if any know is insterested in sale of 1oz krugerrand
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Pillar of the Community
United States
3670 Posts |
SDcoinguy, if I personally was lucky enough to own a 1 oz Krugerrand, no way I would sell, esp as gold is setting at 1438 an on the move up. Again I am not the guy to take advice from, but I had no silver two months ago, an now have nearly 50 oz, so if you sell some stuff you may not need laying around, or save some here, an sacrifice something there, you may end up with that 1 oz gold coin an some silver to as well. Problem is time obviously as silver is close to eclipsing 35 an oz as I type, and correct me if I am wrong, but it has been a long time since it was worth 35 an oz on spot....
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Pillar of the Community
United States
2424 Posts |
silverhawk. yes. I am debating this whole thing entirely. I like that I have 1oz of gold. I also have around 25 or so ounces of silver in bars, rounds and 90%... i guess my whole theory on this was being that I see the two metals, gold and silver, as having entirely different reactions to the market in years to come; meaning mainly that gold is fear based and silver mainly industrial. i feel that, again I FEEL, that in this economic climate both metals are doing what they are doing because of fear and a hedge against the falling dollar. but things will eventually look better. in my opinion. it is a risk. I know. if we knew the future we wouldn't be here talking about this. i would love to put that money or any money into my growing collection but for me right now, having some MORE ounces to the vault seems smarter, at least more easily liquid than selling my type set. let say for sake of NOT selling the krugerrand, what are my pros and cons of buying junk 90% vs UNC 90% vs ASE's? |
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Pillar of the Community
United States
2424 Posts |
ok so my mind is made up:
i am going to list the 1oz krugerrand here for sale and then take that money to buy some .999 rounds and a few gold coins. probably 1/4 or 1/10 whatever I can get closest to spot
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Valued Member
United States
172 Posts |
well....it seems like you already decided before all of this that you were ready to sell the oz of gold......so most of your thoughts were just about what to buy when you do sell.....maybe you should drop back for a second and think about that fact that if you already have 25 ounces of silver why would you get rid of your 1 oz gold and downsize back to smaller gold coins and more silver?.......if you've already got you hord of silver just sit back and watch the gold and silver prices for a while....i dont feel that either one of them will be depreciating anytime soon so my opinion changed when you said you already have 25 ounces of silver....KEEP the krugerrand for a little bit because you may kick yourself in 6 months for jumping into this so fast.......good luck with whatever you decide
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Pillar of the Community
United States
3670 Posts |
Well lets break down what you could buy retail immediately, and I am guessing one could get 1500 for that Krugerrand perhaps..... Say you put a bit over 800 in 2 1/4 oz gold coins like this below, the best I have found thus far at price, which was like 380 just a couple weeks back, and if anyone has a listing for less, I would love to see it. I also signed up for the APMEX sight here, check out their best 1/4 oz deals, and cool thing about them, they give away a 1 oz golden Eagle every month to new sign up members.... http://www.providentmetals.com/1-4-...culated.htmlThen say you had 700 left, an you put that in pre 90% silver, and if you recall I said 240 bought 7 oz., so roughly 21 oz silver at 720 bucks..... You would then have 1/2 oz of gold and 46 oz of silver (the exact amount I own, but mine is all high quality rounds an bars), and you loose a bit to shipping.... I just do not know if you would be in a better boat or not. If silver hit 250 an oz an gold stalled out, yeah the move would look wise. But my gut tells me that is not going to happen, gold stalling out that is. I think you are looking at econ recovering faster than what I believe is possible, keep in mind our country now can't afford the interest on world debt, much less debt itself, that is not an over night fix IMO, so I expect gold to keep climbing, and I am guessing 1800 plus by years end.... Edited by Silverhawk74
03/02/2011 8:34 pm
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Rest in Peace
United States
9104 Posts |
Almost every person is the US, and hundreds of millions elsewhere, knows what a dime or quarter is. At least a generation will be puzzled by half dollars. Show them an ASE, and you'll probably get "is that a half dollar?" Far more understand silver dollars, especially Morgans. Peace dollars have never had mass appeal, even among collectors. So my answer would be 90% dimes and quarters. |
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Valued Member
United States
183 Posts |
Diversify! I would sell your gold in a heart beat and buy $1000 in 90% coins: $15 in dollar coins, 1 roll of Franklins, 1 roll of Quarters, 2 rolls of Merc dimes. Top it off with 10 - 12 ASE's. I am VERY bullish on silver, based on exactly what you mentioned before, industrial uses. The price of silver has historically traded at a ratio of 16 to 1 with gold, currently it is at a ratio of 42 to 1. So there is a huge gap. There is talk of a shortage, Canadian Mint has delayed shipments for a few weeks and premiums have recently risen on ASE's and other Bullion. I currently have 90% of my silver in 90% coins and only 10% in Bullion. My next move is to invest in a silver bull ETF. I think you will see $60 silver by the New Year based on horrible monitary policy, industrial uses, and fears of a silver shortage. Just my Opinion. Edited by hybes
03/04/2011 12:39 am
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Pillar of the Community
United States
3670 Posts |
Hybes, I pointed out that 16 to 1 ratio just a few weeks back, and if history is an indicator (as it has been closer to 16 to 1 for most of known history, correct me again if I am wrong), so I expect it to return again from 42 to 1 to 16 to 1 within a couple of years, based on people way smarter than myself saying it will. Does not mean they will be right, but I am an ice hockey goalie and knowing most goals are scored low, I get down quick an take away the low shot. Historically I stop 90% of the shots I face, or 9 out of 10, therefore giving my team a chance to win. So I am playing the numbers like I always have....
Edited by Silverhawk74
03/04/2011 12:33 am
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Valued Member
United States
183 Posts |
Silverhawk,  - Goalie - Silver to Gold ratio Watch that 5 hole! Go RED WINGS! Edited by hybes
03/04/2011 12:44 am
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Pillar of the Community
United States
3670 Posts |
Redwing fan eh....
About a month back I bought a 4 oz silver Red wing coin from 1997, 151 of 250, very rare, one of my prized silver possesions. I want to get some more Redwing 1997 coins, like the Yzerman, or one of the gold plated ones to put with it in a nice set if you will, even though I am a Bruin fan at heart. Still gotta love the Wings, their history, their success, etc.....
And yeah, if I don't get beat via 5 hole or 7 hole (between arm an body), and take away that low shot, does not leave much left short of a couple of bottle knocker shots to beat me, lol....
Edited by Silverhawk74
03/04/2011 12:51 am
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Pillar of the Community
United States
2424 Posts |
well..
as of late I have decided not to sell my last 1 oz of gold.
like I said, I do own around 25oz or so in bars rounds and 90%
what I will probably do is with any extra money I do have, just go and purchase some 90% or .999 I posted a buy ad for silver if anyone has any
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Valued Member
Canada
442 Posts |
Thats what I would have done as well. And if silver does hit a GSR of 20:1, I will be trading some of my silver for Gold.
either way you can't go wrong holding one or the other1
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Valued Member
United States
172 Posts |
I think you did the right thing SD......interesting topic brought a lot of opinions I enjoyed reading everyones strategies for your situation!
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Pillar of the Community
United States
3670 Posts |
I agree good move, and good point Flook, it is interesting to read everyones different ideas and views. A look at how each of our own brain's tick so to speak....
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Posted 03/02/2011 12:42 pm
