What is your best position piece of PM and how long have you had it? Also, missed opportunities.

mrpaseo

Going over my records from years ago I found that I purchased a 2001, 1/10 oz AGE (Raw in a flip) from a forum member (Received on 1 SEP 2001) for the price of $28.00

I seem to remember at the time that, that was a lot for such a small piece of Gold... If only we could see the future.

My wife and I have been talking about missed opportunities of our past and we can not break the code of how to at least take an educated guess of what will profit us in the future. My best guess at the moment is diversification. Any opinions on this?

Edited to add: I still have this piece of gold. (Though I understand that not selling does not secure my position thus net me any profit)

Keep stackin,
Ray

USMC_6115

I bought two coins in 2001: first was a 2001 GAE 1oz for $360, the other was a 1991 GAE 1/2 oz in PCGS MS69 for about $700 (check the prices now), at the time I knew it was the lowest mintage and hoped it would do well... I wish I bought a roll of them...

The 2001 I sold just recently to a dealer for $1650... Not bad, wish I had more of them. But, if we had those answers it wouldn't be much of a game.

guitarwes

I had the money to buy several of the .9999 Fine Buffalo golds when they first started producing them but I opted for something else, probably circulated Capped Bust Halves at the time. Seems like the 2006 Proofs were issued for $825 from the US Mint. I had not been long into coin collecting then and was still enamored with old Bust and Seated coinage to think about new silver or gold.

I still have a couple of 1/10 oz. Eagles that I paid $75 each for at the time when gold spot was $750.

About the same time when I bought the 1/10's, I missed out buying about 10- PCGS graded MS62/3 St. Gaudens from my local B&M dealer for $800 each. Of course gold was high and metals were climbing and no one knew for 100% certainty what they were gonna do.

C0INB0Y

<< <i>a forum member (Received on 1 SEP 2001) for the price of $28.00 >>



Do you still have it?

If you are like me, nope, you don't.

The truth is, we make money on the Buy not the Sell.

I bought 60 AR mags on sale at $8.90 a few years ago.

I sold 40 @ $52 right before Christmas.

We are living in times where the Market (Free) is GONE. So you have to ask your self, "What is fundamental to Man"?

Security, Food, Shelter. Gold has been desired for 5,000 years of recorded times. Despite the Black Death, devastating Wars, the desire of man for Gold has not changed. Don't let the paper printing Banksters and the manipulation to get the Gold you have. They are the buyers, the need to cover the redemptions that are coming in. To slow it down they have to get supply to cover. They are doing every trick in the book to shake the trees.

Go try and buy some physical silver right now. I can't get any locally without a huge spread.

Remember the outrage a few years ago when COMEX Margins were tightened (at lower prices)? Doesn't it seem funny that COMEX Margins on accounts were suddenly allowed to INCREASE (when prices were much higher), a few months ago?

LOL, we are seeing forced liquidations of holdings by calculation.

bosco5041

Yes, I remember those sleepy days when gold was $300 or so an ounce and not many people was talking about it or buying it with exception of a few.If we only knew what was around the corner. I remember reading a piece by Barry Stuppler when it was around that price and he was saying buy gold at this cheap price or something to that effect. It wasn't to long after that that it started its climb. Thats one bit of advice I wish I had followed with more ambition. The contrarian approach is hard to master.

DrBuster

Still have a $100 roll of ASE and a few other various $4~ silver ouncers.

collectall

i got a few 1 oz pamp i got at 300-325 ea per oz back in 2001-2002.... and sum saint gaudens graded ms65 i paid 550 for back then from california numismatics.... i got a whole lil box full of gold and silver i paid dirt cheap for, mostly bracelts and necklaces ive had . heavy figaro 14k gold i got at 10 a graM BACK THEM

Timbuk3

I purchased some Saints back in the 1960's
for $35-$40 a piece. Was able to to purchase
quite a bit of them in rattler holders graded
65. in the late 1980's to late 1990's. I don't
know how many opportunities I've missed.

ibzman350

Herb

DorkGirl

I can remember turning down a roll of ASEs that a guy on Ebay wanted $5.50 each and I only wanted to spend $5 each on them.

1970SilverArt

One of my best position pieces in my silver art bar collection is a 1-oz 1979 World Wide Mint Coca-Cola - Shreveport, LA silver art bar that I bought for $17.00 on March 2009 (spot was $13.33/oz. at time of purchase). I still have that piece and I do not plan to sell it because I am too emotionally attached to it.

Baley

I've still got silver I bought in 1977, had two chances to sell it for $40+ per oz., 31 years apart, and missed them both

BlackBeard

I've been collecting since I was a kid in the early 1970's and when silver ran up in 1980 I was not making a lot working and was into drinking, partyng and chasing women and sold off all my common silver with the plan to buy it back later. I did and have been buying since. Wise choice on the sell part. Also ended up with a wife out of the deal.

In 2006 I bought a 1924 and a 1927 St. Gaudens in BU. The dealer sold them just above melt. Gold was around $640 and I paid $650 each. Then I sent them in to PCGS for grading and they both came back at MS64. Still have them and they are around $2100 each by PCGS pricing. Beautiful coins.

Bought silver at $4 in the early 2000's.

Also, in my younger days in the early 1970's I bought a whizzed 1878-s Silver dollar, thought it ws BU. But only paid $7 so I'm not hurting on it now. Still have the ugly dog.

But in my sell off in the early 1980's I sold a VERY nice BU Booker T. Washington commemorative half for $7. It would have graded high. I could see the dealer's appreciation of the coin at the time. Not every deal is a winner.

Weiss

Not my very best, but one of the easiest to understand

Unknown

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Mission16

I have always regretted buying a bunch of 2004 PAE Proof fractionals for spot in 2005.

Mission16

Also when the wife left one job to start another, I suggested she buy gold. At $280/oz. But she listened to her Dad who told her to keep it in the 401k.

mkx

Missed - in 2008 I bought a few 2008 gold buffalos, if I had thought to spend an extra $60 or so each I could have bought the 2008"w" buffalos.
Best: all the silver dollars I got as tips, when I was a paperboy in the 60's