Have you purchased or sold gold bullion in the last 3 weeks

Planchet

Have you purchased or sold gold bullion in the last 3 weeks? If so, please post whether you bought or sold and if you are willing, please provide an idea as to the quantity involved.

The reason I ask this question relates to something I was told by my local B&M. He said that until several weeks ago his store had an almost equal distribution between buyers and sellers of gold. However, that has now changed and he has more people coming in to sell than to buy. However, he also finds that the individual buyers are purchasing larger amounts of gold whereas the individual sellers are selling smaller amounts of gold.

I am always interested in market sentiment. I know that the results from a single B&M are not representative of the marketplace. That is why I am asking this question to a large and geographically diversified group.

Thanks,

Planchet

RedHerring

I bought 2 GAE proofs right before Christmas. One was a $10 1/4oz piece and the other was a $25 1/2oz piece.

QDB made an interesting comment regarding your question in his CW column recently. Read the first full paragragh displayed. (Courtesy of Coin World Magazine)

Justacommeman

Bought both silver and gold. While I won't post the amount, it was in a 1:50 ratio. MJ

gsa1fan

A bias survey on a PM forum.

gecko109

I bought a single piece of gold. It was a 1984 gold panda 1/2 oz coin. Since it was a better date, and the price was in line with fair market value, and I needed it for my panda set, I snagged it. However, I did not go out of my way to get it. I have a very "idle" mindset right now about gold. Unless its something very esoteric, im gonna wait on the sidelines for a bit.

jmski52

Yes, one gold 1 ozer from Daniel Carr. And a few silver 1 ozers from Daniel Carr as well.

doh

I sold an oz and a half of gold about 3 weeks ago

pragmaticgoat

purchased four 1oz gold at local B&M for $1150/each which was all he had available about ten days ago.

braddick

Yes, purchased and continue to do so.
When I see the price of gasoline go up (six cents this week) while the price of gold is even or slightly down- I buy.

I think gold is a bargain as I look forward (without looking too much in the rearview mirror at past prices).

moonshine

no - saving my cash for dirt.

braddick

<< <i>no - saving my cash for dirt. >>


And, soon that is what it will be worth.

gecko109

<< <i>no - saving my cash for dirt. >>




Dont you mean:

"Saving my cash until it turns into dirt"???

RedHerring

Here's what I bought 3 weeks ago:





The asking price was $475 for the $10 piece and $875 for the $25. I had a $50 off coupon so I got both pieces for $1312 delivered.

Not cheap but these proofs have been bringing strong money for some time and I thought the price was very fair.

An NEN purchase.

OnlyGoldIsMoney

I didn't buy or sell any PMs in the last three weeks. I was regrouping after a BING cashback fueled PM buying binge from Nov 20 to Dec 10.

COINB0Y

guilty as charged

2Cents

Sold an MS65 $20 Saint in the past 2 weeks. Will sell last 1oz proof Buffalo next. I like to only have GAE's, no numsimatic gold coins. Plan to buy more silver throughout the next few months....if the price would kindly drop a few dollars, which I think it will this month.
That's my post for this year.

Patches

<< <i>Sold an MS65 $20 Saint in the past 2 weeks. Will sell last 1oz proof Buffalo next. I like to only have GAE's, no numsimatic gold coins. Plan to buy more silver throughout the next few months....if the price would kindly drop a few dollars, which I think it will this month.
That's my post for this year.

>>



see ya n ext year!

Konahead

I have bought both Silver and Gold both is multiple Ounzes. More Silver than Gold. But I have been buying dips for several years now.

jdimmick

About a month ago I had lot more buyers (than sellers) for gold/ silver during the last rise (couldnt fill demand), then after the large pull back I had a lot more sellers , few buying except for a few of my stronger customers who buy all along. And it was mostly gold they were wanting, not silver , the silver had to be sold here on BST or shipped out. This past week, people selling has slowed down a little(except scrap), an nobody is buying PM's locally, especially silver. A occasional small gold coin will sell, but nothing larger.

Weiss

10th eagle. But I'm up to about 125 oz of silver in the same period of time.