gold is taking a licking...... are you bullish or bearish on gold currently?

michael

are you buying or selling??

if selling are you selling bullion or numismatic gold coins??

if buying are you buying bullion or pre 1933 numismatic gold coinage?? and what specifically are you buying??

BigE

As far as gold goes I am not buying or selling, just staying the same and working on my 144 piece commems--------BigE

saintguru

Very bullish...but this market had been correcting 10-15% all the way up from the start of the bull. We barely made that correction this last drop, so I think $520-530 would be a spot for bullion or futures traders.

I think we'll see $650-700 gold within 3-4 years. It's going to be a "classic" bull market ...not a runaway. But we are coing to need some more capitulation before we get over $600...and that's fine with me.

Anyway...I don't really know what difference it will make with low POP tough date saints. They are aloft on their own merits.

CoinHusker

Single $5 modern gold commemoratives in original mint packaging with COA's.

Barry

Neither. HIstory has proven gold to be a poor long term investment. History has also proven market timing to be a bad idea.

EJB

.......Gold increased in value by a hundred or so dollars in the last few months...I think it will stay around $550.00 or so for the next few years and then go up again....I bought three double eagle libs a couple of months back at $510.00....If I'd have known this was going to happen, I would have bought the other four coins...O'well hindsight.........

Jdurg

I think that in order to "make money" by investing in gold you'd have to have a lot of assetts already and the amount of money you'd need to put in compared to the amount of money you could make is not a very good ratio. I'd rather invest in something like stocks which are more likely to provide a quicker return on your investment and doesn't require you to invest a substantially large sum of money.

Lakesammman

I just bought 3 pieces of territorial gold, but that's not really tied to the price of gold, I guess. Not much interest in bullion, here.

Bear

I'm am always sort of bearish.

Musky1011

I just bought one of those "dos pesos" 1945 gold pieces for boom's next swap
Anybody interested??????

Sign up on the swap board

Jim

Freak1c

I am buying mostly bullion. I have all the St. Gaudens I need for now.

Freak

coynclecter

<< <i>Neither. HIstory has proven gold to be a poor long term investment. History has also proven market timing to be a bad idea. >>



History???

I hope you didn't consider history as starting the day you were born. The price of gold has been artificially depressed by the Central Banks and the US gov't to prop up the fiat dollar. The history of paper money vs gold over the last 2000 years shows that gold has always been a better deal over any significant time period.

RYK

I post the same whenever this topic comes up:

I continue to buy original, rare gold coins in my areas if interest (mostly Dahlonega and New Orleans gold) whenever they come available, irrespective of the prevailing gold market conditions.

RedTiger

Gold looks lower to me, but hard to tell if there will be enough movement to make it a tradeable move.

Roger Wiegand at Kitco commentary writes about the calendar gold cycle (link). Unfortunately, once these kind of cycles become studied and documented they start to distort as traders jump in ahead and bail out early. Wiegand says late December thru March is one bullish time, and August to Thanksgiving is another. If he is accurate, gold may take some time to digest the gains.

Taking the converse means March-to-August and the few weeks after Thanskgiving until Christmas are poor times to be long gold. Again, once these kind of things get published they often stop working.

tincup

I'm more bullish on silver. Will buy some gold if the right opportunity shows itself... otherwise sticking with silver.

jdimmick

Its walking in locally. The two shops I vist the most frequent have had:

36 Krands
10-12 pieces of foriegn gold (various issues)
20-24 20$ libs
and several american eagles of all denom

just since saturday??

Deadhorse

Gold is hardly taking a licking.

You can't look at things through a very small, limited window.

Still a gold bull here and will be for the foreseeable future.

oreville

If I knew to be bullish or bearish I would be up "there" instead of down here with the rest of us.

This is not a rabbit's race but that of a turtle's jog.

ScarsdaleCoin

sell gold, buy Ag

PerryHall

I'm still bullish but I'm in it for the long haul.

saintguru

Like RYK said, I buy coins for my set no matter what the gold market is. In fact, when gold made it's first correction in 2002-3 I picked up some medium rarities at great prices.

TwoSides2aCoin

I dunno, I thought gold was taking a licking when it was under three hundred.
as for bullish and bearish... I am in a hold pattern after OSHA hit me for 3 grand a couple weeks ago.

Those guys have nerve. Come stop us from working cuz they see it's scarey up on the roof. Then asks :

"so, let me ask you this... does your boss make you do things that are dangerous ?"

I told my nephew he should have said, NO, I GET UP HERE CUZ IT'S FUN, ya

so much for my play money that would have bought gold.

HonoluluDude

I am currently bearish on gold. The HUI (goldbugs index) is breaking down today. We could see gold correct to the $500-$520 range in the coming weeks.