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 Replies: 24 / Views: 2,877 |
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Pillar of the Community
United States
4008 Posts |
Poll Question
OK, folks, here's the deal. Imagine that you have just come into the tidy sum of $5,000 that you were not expecting to have. In keeping with the idea of preserving wealth in PMs, you decide to convert this into PMs. So... what'll it be and why?
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Valued Member
United States
458 Posts |
90% Silver for my folders to fill holes. Gotta complete the sets!
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Valued Member
United States
118 Posts |
Key date silver and copper
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Pillar of the Community
United States
648 Posts |
I am in the same exact boat with you Ed - I've been holding off for a bit. I'm dying/craving/itching/wanting to buy/invest/hold/cherish something shiny for me. Count me in for a mix of silver and gold PM's .999 all the way!  |
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Pillar of the Community
Canada
677 Posts |
I think it's about time I got some rarities that I could not afford before. Numismatic rarities that is.
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Pillar of the Community
Canada
1502 Posts |
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Pillar of the Community
United States
842 Posts |
I would binge and expand my Roman collection to include several Aurei or Solidi.
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Valued Member
United States
321 Posts |
I collect coins not bullion. I'd buy a nice King James 1 Nobel certified by NGC. XF is fine.
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Valued Member
344 Posts |
Nice choice Ancientcoinguy!
ME I would try to get some more 90% at below spot and hope to get really old ones to boot.
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Valued Member
United States
362 Posts |
I do like gold, but it seems a little risky at the moment, I have no idea where its gonna go!
The idea of platinum has also made me curious, with it being under gold. Assuming it will become more valuable then gold again... is its price gonna go up, or does gold need to come down a lot?
And silver is always tried and true!
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Valued Member
United States
257 Posts |
Pre-33 US Gold in AU or better slightly above SPOT.
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Valued Member
United States
421 Posts |
This one is very hard to answer. I think would do a mix of silver and gold. I would do like 5 (10) oz bars of silver. You know the ones in the nice plastic sleeve type holders and then I would buy an early date $20. St Gaudens in Au-53 ( around 2500) or so and spend the rest on some small denomination Gold coin for just over spot.
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Moderator
 United States
14463 Posts |
I would probably go gold bullion. I have some silver, and will probably keep adding silver when I can.
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Pillar of the Community
 United States
4008 Posts |
Great answers, everyone. Thanks for participating!  Quote:
The idea of platinum has also made me curious, with it being under gold. Assuming it will become more valuable then gold again... is its price gonna go up, or does gold need to come down a lot? Yes, that IS the question, isn't it? It's very likely to be one or the other.  I keep thinking back to 2008 when gold pulled back from around $1000 to the low $700s. As we head into 2012, a lot of things on the economic scene are looking more and more like 2008. Could we see a repeat pullback in PMs? Maybe. If we did and if it was of the same approximate percentage, it would be about a 28% drop. If we started at, say, $1750, this would mean a pullback to around $1260. Yikes! That's quite a drop, no doubt. Of course, there is no telling if that will happen but we do know that there was quite a drop in PM prices today. Will this continue or was this just a short-term drop in prices that will soon reverse themselves? THAT is the question!  |
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Pillar of the Community
United States
3670 Posts |
Interesting that a large amount would go for the special numismatic coin, as I voted for silver bullion since that is my current plan....
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Pillar of the Community
United States
651 Posts |
I'd buy back my Mexican Republic 8 Reales that I recently had to sell off  Edited by fcrazo
12/14/2011 11:01 pm
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Replies: 24 / Views: 2,877 |
Posted 12/13/2011 7:17 pm
