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 Replies: 19 / Views: 2,591 |
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Valued Member
United States
152 Posts |
just got it in today I'm in love with this coin my first hands on gold  I wish I can afford more but this will do for now! this is sexyyyyyyyyyyyyy hehehe  |
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Pillar of the Community
Egypt
3470 Posts |
very beautiful  congratulations  |
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Pillar of the Community
Australia
9401 Posts |
Congratulations. I recently bought my first gold too. A whole 0.5 grams.  Steve  |
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Pillar of the Community
United States
1817 Posts |
Nice! Now add the 2007W and 2008W tennies and you have a complete set of burnished gold. Every US coin collector ought to own one gold coin at least. |
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Pillar of the Community
United States
1081 Posts |
I was going to say the same thing, I have the 2008w Burnished $5 AGE, just need to add the 2006 and 2007 and there is a mini set. Just be careful b/c gold coins can become addicitive.
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Pillar of the Community
United States
1450 Posts |
Yeah,liberty is a beautiful lady,in many ways. Better grab ANY gold while you can. The whole world is starting to buy now!
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Pillar of the Community
United States
830 Posts |
Quote:
The whole world is starting to buy now! 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. |
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Pillar of the Community
United States
737 Posts |
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Pillar of the Community
United States
931 Posts |
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.
Edited by junior e
07/13/2011 12:34 pm
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Pillar of the Community
United States
830 Posts |
Quote:
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. Wow |
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Pillar of the Community
United States
3670 Posts |
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....
Edited by Silverhawk74
07/13/2011 1:25 pm
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Pillar of the Community
United States
648 Posts |
Congrats! I feel your perspective. I want more gold and I want a lot! :)
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Pillar of the Community
United States
4008 Posts |
Way to go, ThatStuff. Any gold coin is pretty cool but AGEs are especially nice. I have GOT to get me some of that! |
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Pillar of the Community
Canada
3692 Posts |
Do you think the Mumbai boming will affect gold prices? It's looking like it's getting more attention than the economy.
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Pillar of the Community
United States
1450 Posts |
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!
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Pillar of the Community
United States
4008 Posts |
Quote:
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! That IS the critical question with any investment. I have long had success in knowing when to buy an investment but selling it at the proper time is much more difficult to do successfully. With stocks and ETFs, you can use a technique called a "trailing stop" that will automatically sell the asset after it drops by a set dollar amount or a percentage of your holding. This allows you to capture the bulk of a price rise while limiting the downside risk considerably. Unfortunately, this cannot be used with PMs unless they are the paper variety which most of us do not hold. The only ways I know to sell PMs successfully is to either dollar cost sell them over a period of time or to decide in your own mind what they are worth to you and then either sell them at that price or start selling them over a time period if you can. There are many things that can occur that will mess up such an approach but this is basically all we can do. |
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Replies: 19 / Views: 2,591 |
Posted 07/13/2011 07:34 am
