$50,000
BobSav
Posts: 937 ✭✭✭
If you had 50 grand in cash to invest in gold, would you buy Eagles, Krugerrands, or Mint bars. ?
Bob
Past transactions with:
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
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Eagles. A variety of 1 oz. and fractionals.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
eagles
Eagles, but have no problems buying Maples or Krugs when Eagle premiums are running too high.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Go to APMEX.com and see which gold has the highest premium. There's a reason for that and therein lies your answer.
Hint. AGEs or Gold Buffalos
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
AGE's !!!
Definitely Eagles.... or Buffs....Best liquidity. Cheers, RickO
Gold down $43 today, stock market up almost 1000...
Happy days are here again.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
To all that mentioned Gold Eagles, dont you think the present premiums are to much to swallow ?
Bob
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
All premiums are high right now. Generic bars at $70 over when we were buying AGEs for $30 over 8 weeks ago. Premiums are coming down, so be patient. I would avoid fractional due to the obscene premiums on them right now. Let your local stores know you are looking for gold and they may call you when they get a large deal in over the counter. If they can turn their money over quickly you should get a better deal
Pre-33 us $20 Liberties and St. Gaudens with some $10's also. If you want cheap newer gold comm usually carry little to no premiums.
MIKE B.
You can get slabbed Saints and $20 Liberty's at close to melt w/o tax on GC every sunday.
Before or after the 10% - 12.5% buyers fee?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Gold Maple Leafs. The anticounterfeiting technology on their gold and silver bullion coins post-2015 are best-in-class. And you can get Maple Leafs for lower premiums. A true win-win.
If you don't have an accurate and reliable metal tester, I wouldn't touch bars -- they are the counterfeiter's preferred product because they can make a lot more money and they are easier to fake. Whereas one-ounce government mint coins, and smaller denominations, are harder to counterfeit and don't provide the same return as counterfeit bars.
Thanks for all your ideas. The thing I'm worried about is that dealers and wholesalers have realized they can charge premiums that they never dreamed of getting and people are still buying.
What makes you think they will lower premiums when everything they have in stock is flying off the shelves.
Bob
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
My trip into the local stores yesterday found the shelves fairly full and premiums falling. With all right in the world again (at least according to the stock market and employment report) just watch and wait. My guess is spot and premiums will fall in the coming weeks
until record demand returns.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Competition from the big sellers who can live with smaller margins, especially when demand weakens.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Gold eagles
American Buffalos if we are only talking government minted products. I believe there are now a few more pure gold options as well to mix in.
With a disclaimer: I would not have more than 20% of my investments in gold, maybe not more than 10%. If I had to cash out $50k, I'd start with the Buffalos. Then I would sell off $40k worth as soon as possible.
Do it like the pros and buy scrap jewelry at 75% of melt.
Knowledge is the enemy of fear
1oz eagles for me.
My YouTube Channel
Same thing happened back in the 2010-2011 run up, premiums on eagles were running $80-$120 an ounce. Fast forward to 2015-2019 and it was not uncommon to see the big online retailers running deals with only $10-$20 premiums, some even via ebay in non bullion categories etc. where ebay buck rewards were actually yielding AGE well below melt.
Once demand starts to dry up (and it will/already is) dealers will have no choice but to lower premiums if they want to move any metal. The general public has a very short memory, the pandemic is over, stock market back to record highs and the national debt is just some imaginary number that nobody can even comprehend. Gold will be forgotten by most and written off as some barbaric relic. Stack on.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
" stock market back to record highs and the national debt is just some imaginary number that nobody can even comprehend. Gold will be forgotten by most and written off as some barbaric relic. "
And let the Ponzi scheme continue
Bob
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
I did exactly that last year. I had $74k hanging around in 100's and I bought 25 double eagles .mostly common dates but also some not so common dates and now I'm selling the common dates! I buy almost everything through greatcollections but do your homework!
Buffs and Eagles for me these days. One Oz only. I'm actually starting to favor the buffs as I want universal liquidity. I sold off my maples a while ago and did well but took a small hit on the return premium. Premiums are sliding a bit and if I were travelling to Europe anytime soon some Phils could be of interest.
I wouldnt buy them at these ridiculous premiums
That's what's really bugging me.. I know there was a shortage of supply right after the silver and gold prices fell along with the stock markets, but it seems that most dealers now have product AND high premiums.
I placed 2 separate orders last week with Provident metals and got the fastest shipping from them that I have gotten in years, so I guess their big backlog is gone, but the juice is still high.
Frustrating !
Bob
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
I would wait a month. If they go up it won't be by much. They could come down even more.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong