Market tormoil

micmt

With markets being closed from large drops this friday and gold prices back over 900 will collectors start analyzing their sets and look for more coins to buy or look to sell when it tops 1000. And that leads to my next question....When do you feel that its a good time to divest your gold: when it reaches a certain level, falls a certain level or starts to maintain a level price?

These may be stupid questions but as a collector it does not move me to sell any coin no matter what price/profit I may recieve. I do know I will not buy any gold while prices are this high becuase I feel it will come down lower. Don't ask me why I think this but everything is cyclic.

Res

Buy it when it's low and sell it when it's high

ricko

Why do you think the markets are closed today? They are open and waaaaaaayyyyy down... Cheers, RickO

19Lyds

Collectors usually do not consider selling their coins when times get tough unless they have a specific financial need.

Investors should have preset limits at which they buy or sell. Usually a 10% loss would trigger a sell whereas a 10% drop from a 30% increase (a 20% gain) could trigger a sell.

micmt

Overseas markets closed until noon to calm things down.....never said US market was closed.

Thanks 19 Lyds......did not know what the preconceived notion of the buy/sell prices was. Its very interesting.

Bear

When the stock market drops, money seems

to move into the rare coin market.