A Little Bit Frustrated

Don't panic,you haven't lost anything until you sell!I bought my gold at $600/oz.,saw it double,then drop back to near what I bought it for,then to $1900 ,then down to $1570 ,then back to the present. The point is,I have not gained or lost anything because I haven't sold any yet. Relax,monitor prices and don't sell on panic,sell when your head and gut tell you to,then don't look back!

Gee... that makes it sort of sound like... life? No guarantees in life save death and taxes. Those ARE guaranteed! Everything else is in the "maybe" category.

As to buying PMs... we all have our reasons for doing that or not doing that. Those reasons are pretty much all we need to do or not do it. We sometimes seek confirmation of our choices, though, and that is a good part of why we read and post messages here and elsewhere on this subject.

IMHO, buying PMs is a good general idea if you enjoy it and can afford it. The long term trend in the dollar is for it to become cheaper. It's done that for the 50+ years that I have been watching it and I see no reason for that to change any time soon. Given that, gold and silver make pretty good hedges against inflation.

One final thought for Barry. If gold were to rise to $5,000 an oz. over the next 5-6 years, would you still be worried about the premium you paid when you bought it?

OK, now we've established where you made the mistake, let's look a little deeper before blaming APMEX.

You bought a coin that is priced on demand by coin collectors, and wonder why it doesn't follow the price of bullion gold. My svdb doesn't rise and fall with the copper market, they're two different customer bases.

If you wanted to invest in bullion, they make a coin that looks a lot like yours and tends to rise and fall with the bullion price.

Other than that, there's no particular reason your Saint can't fall in value to the bullion value of its content.

If that's the worst mistake you ever make investing in something you're not familiar with, you'll be fine. Ride it back up as the premium changes, or buy more and dollar cost average.

I've dealt in gold and coins for 40+ years, and I can tell you that Saints are not "numismatic gold". Yes, before 1975, they carried a premium because US citizens were allowed to own them and not bars, but a similar premium was carried by similar coins: Mex 50 peso, 100 c/korona, sovereigns, etc. When a sizable quantity were dumped by yurrupeans, I saw them drop from $65 to $50 in a matter of days. That's over 20%, or equivalent to $360+ on your coin.

People don't "collect" Saints, and you have to have collectors to have a numismatic premium.

Never get frustrated that gold will look great each and every time you hold it in your hands. There is something magical holding it no matter what the value is on a given day.

Being older makes it that much special.