My First Gold Coin 1/10 Gold Eagle

I heard an interesting statement by Jim Cramer on CNBC this morning. If I heard him right (and yes I did rewind it to hear it twice) he said right now the world's portfolios are between 1-1.5% in gold and traditionally they have been at 5%.

My words now, get ready for a crowded trade in PMs. Bids are going to be getting stronger. This strength in PM prices is very impressive because this (summer time or monsoon season in India) is traditionally the weakest time of the year for gold prices.

Gold is so easy to follow. It's a fun as well as beautiful investment. I just don't see a scenario in which you could lose with all of the abused fiat currencies of the world getting spanked relentlessly these days. I went back to pick up another gold piece from a guy that sold me a proof one ounce Buffalo last week. He has pulled all of his gold from the coin shop and told me that he wished he had kept the one that he sold me. It's a weird market when gold dealers pull their gold from the sales counter.

Very nice non janky looking eagle you got there, well done!!

Wow, that is a sign. I hae a local dealer who took most his silver from his shop and put it in his portollio a few months back....

Way to go, ThatStuff. Any gold coin is pretty cool but AGEs are especially nice. I have GOT to get me some of that!

I think at this point ANY episode that could result in instability will drive up gold. I also think that the last week has finally convinced many,hopeful of a positive outcome in Europe and other places,that there is no apparent solution that will not be very painful. This may be the capitulation that finally gets the average person into precious metals,leading to a parabolic rise in prices. The problem for all of us that got in early is,how do you get out(and when do you get out)before the bubble bursts. I am looking to find a nice piece of land I can trade gold for!

Ah the 64,000 dollar question by Hock, like me deciding to break up my collection to sell. I could have held on and made much more one day, but an items "cash value" is non existent until it is sold....

The trick these days seems to be, buy some great products whatever that may be, set on it a while, and sell for more than what you put in it. If fees and shipping does not eat up all your profit as it often does and you come out ahead, then in turn put that money back into something a bit more valuable then before....

What this may do in time is obviously build a nice net worth, but you will also have had owned all those different products/coins, bullion/collectibles, again whatever you enjoy owning as do others that has value, and that is worth a lot IMO, the experience if you will....

I saw the picker guy Mike talk a guy out of a slot machine he paid 800 for 15 years earlier. He offered 700 and pitched the ol "Well you will loose a hundred, but think of all the years of enjoyment you got out of it?", and he bought that and let it go for 700 and agreed that he had gotten 1000's of dollars worth of enjoyment out of it, and needed to liquidate his antique store, so it was a good deal for both....

Still, with all that being said, I don't like the idea of flipping my gold and silver coins. I think I will still pick some collectibles here and there when I can get an item I know is worth 500, for 300, and keep building my coin stash for many years. And you gotta hunt often to find those deals, they seem non existent in the PM world, compared to the vintage collectibles, where an items value can have a much larger value range. Where coins and bullion are pretty cut and dry, via weights, rarity, key dates, etc....

Like getting a 1/10th Platinum Eagle for 175, it does not happen often, great buy TBK....

It's amazing to me how much people are willing to pay as a premium for small gold. I think it's great that you can flip them and get the premium right back if you want something different later. Those smaller coins that Hawk collects are beautiful and really add up in a hurry. I'm just too cheap to pay the vig on those smaller coins. My next victim is going to be one of those Ultra High Relief Double Eagles. They really have a hold on me.