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 Replies: 27 / Views: 2,542 |
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Pillar of the Community
United States
1026 Posts |
Well finally made up my mind was going to get 12 ounces of gold but chickened out and just bought four ounces from APMEX. My first Swiss bars one ounce I figured these were $33.00 per ounce less than gold ASE so why not save $132.00 gold is gold right. So when gold crashes Monday I did it maybe I should have got 8 more will see what happens Monday. I never in my wildest dreams thought I would pay $1727.00 for an ounce of gold I am CRAZY.  Edited by Brucec
08/06/2011 1:20 pm
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Pillar of the Community
United States
931 Posts |
Your odds are pretty good that you'll make some money. You have to do something since a Big Mac and a Coke will be over ten weary dollars before you know it. Oh, that's right. Food and fuel don't count as inflation. Yeah, right.
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Pillar of the Community
United States
830 Posts |
Sometimes you just have to take the plunge and get in. I sold a lot of gold (GLD) on Thursday and jumped right back in on Fri to avoid missing the train to the next stop up.
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Pillar of the Community
United States
3670 Posts |
No less crazy as me Bruce, as I have bought 40 grams when gold was 14 to 15 hundred, and a piece or two close to 1600 even. Congrats 4 big oz., instant player in the gold market....
I think the last 12 years is a pretty solid indicator of the safe haven of gold, and even if it did dip a few hundred like it did from 1000 back to 700 back around the housing crash, I for one am not even gonna flinch....
I didn't flinch when silver went from 50 to 33, back 42 and back down to 38 again, just along for the ride....
Seems like you are well diversified now between gold an silver, and one day when gold cracks 2500 an oz., you will feel much better about your decision. Heck, 1800 an oz. and you should be feeling good, and every expert from here too Tim buck two is picking gold to hit 1800 by Christmas if not sooner....
I like four oz. for one big reason. If gold ever hits 5000 an oz. you have a 20 plus grand nest egg....
Edited by Silverhawk74
08/06/2011 1:33 pm
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Pillar of the Community
 United States
1026 Posts |
Well I have a little other gold couple ounces I bought at $800.00.
One hard thing was to get 4 ounces of gold or what 170 ounces of more silver, did the gold this time.
I could still get 170 to 200 more ounces of silver we will see what happens Monday think it may be an interesting day but not if you have stocks.
I just can't believe where Gold has gone yet I also believe it could go to $2500 and higher time will tell.
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Pillar of the Community
United States
3670 Posts |
Yes Brucec, seems like you said you had to sell one oz. before to cover a family tragedy, if I am not getting you confused with another poster?
If that was you, indeed sorry for you an your family's loss, that is something we all deal with eventually too many times from point A to Z. An what a blessing that gold or silver can be for a family, to be able to convert it into money in a time of need....
I work with a girl who just had a child and she said the bill would have been 80 grand if not for her insurance. We have no idea sometimes, the impossible bills that can thrown at us in a matter of seconds....
Edited by Silverhawk74
08/06/2011 1:44 pm
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Pillar of the Community
United States
667 Posts |
Buying gold is one of the few things that does not worry me. I'm not a big buyer so my total capital output is small. It isn't money that is needed for an emergency so I can live through the market jumps and falls.
I tend to buy gold for the long road and gamble that when I am ready to sell it will be much higher. On the other hand if I don't cash it in I think it would be something greater to pass to my children.
I have been thinking about buying some this weekend too. I just have to believe it may take a jump with the drop in bond rating. It might be a good time to add some silver too. But who knows what this market will do.
Good luck and enjoy the yellow stuff.
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Pillar of the Community
United States
3670 Posts |
I don't know where Thursday an Friday's drops rank on historical bad day charts, but I figure if gold can endure like it did through all that, apparently being the front runner safe haven for many investors, then I figure it can handle anything an start its typical 15 to 20 dollar climb again, with a 10 or 15 dollar pull back ever 3 or 4 days.... Of course, I expect after that statement gold will pull back to 250 an oz. by mid week  .... Edited by Silverhawk74
08/06/2011 2:11 pm
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Pillar of the Community
United States
830 Posts |
Quote:
I think it would be something greater to pass to my children Maybe it could be done without the probate lawyers and gubment taking half of it too. |
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Pillar of the Community
United States
1026 Posts |
Silverhawk, yes that was me that sold the one ounce back in 2006, did not have to pay for that funeral but something I wanted to do. That taught me not to have all your cash tied up in investments as early withdraw penalties are high so just sold one of the 1 ounce Buffalo's.
Funny I just found out yesterday our daughter may be expecting her second child since loosing her first. If so this will be our third grandchild on the way.
She did have another baby after loosing the first and he is a strapping healthy boy he was delivered two months early though but you would never know it today.
Edited by Brucec
08/06/2011 2:38 pm
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Rest in Peace
United States
4078 Posts |
Alright Grandpa  |
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Pillar of the Community
United States
3670 Posts |
Yeah that is great to hear, congrats on the news!!
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Pillar of the Community
United States
931 Posts |
I'll sell you some free insurance. If gold goes down get ahold of me and I'll buy one of them at the price you paid. That's how firmly my trust is in the long term future of gold as an investment.
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Pillar of the Community
United States
619 Posts |
I'm just now getting in on gold, too. I've been meaning to do it for a long time. I just bought some at $1600 and have already made a few bucks, especially since I traded silver for it! I'm probably going to get a little more soon.
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Pillar of the Community
United States
4008 Posts |
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Food and fuel don't count as inflation. Yeah, right. Of course, not! What ARE you thinking? Luxuries like food and fuel don't HAVE to be purchased, right? People will just switch to something else if they are too expensive, thereby lowering their living costs. At need, we can all become "air plants" and do without food entirely. That will ensure that we have money for ipods, cable TV, and other necessities. :-/ |
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Rest in Peace
United States
9104 Posts |
Just for the record, you mean AGE. |
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Replies: 27 / Views: 2,542 |
Posted 08/06/2011 1:27 pm
