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Gold Eagle purchase

SilverStacks63SilverStacks63 Posts: 17
in U.S. Coin Forum
I'm looking to buy a significant amount of gold but i'm hesitant because i'm not sure what to expect going forward...

Should i wait? If so, how low will it go??

Comments

  • TomBTomB Posts: 22,080 ✭✭✭✭✭
    As if any of us could give you a legitimately valid answer!
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

    image
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    If you were to buy proof gold, then the metal content would not dramatically affect the value of the coin. I use proof gold as you are looking at serious dollars and this falls into that category.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • nankrautnankraut Posts: 4,565 ✭✭✭
    If we knew the answer to your questions, we'd all be hob-knobbing with Warren Buffet.
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • BoosibriBoosibri Posts: 12,404 ✭✭✭✭✭
    Why are you looking to buy a significant amount of gold when you don't have a thesis on what the price will do going forward???

    Latin American Collection

  • BAJJERFANBAJJERFAN Posts: 31,325 ✭✭✭✭✭
    The general sentiment seems to be that it will heading down, but by how much and how fast is hard to say.
    theknowitalltroll;
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    I was just offered Gold as trade in lieu of cash on Saturday...

    I asked my Magic 8 Ball and it said "Take Goats & Chickens Instead" image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>As if any of us could give you a legitimately valid answer! >>



    Exactly….no one knows!!!
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • BAJJERFANBAJJERFAN Posts: 31,325 ✭✭✭✭✭
    If the PM market is manipulated as many believe it to be and probably some who know it to be, then it seems there are a few who have a very good idea of where it is going and by what route. Don't hold your breath waiting for them to post here and tell you what to do.
    theknowitalltroll;
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Try asking your question on the Precious Metals Forum as they might have a better idea image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • stevebensteveben Posts: 4,638 ✭✭✭✭✭
    buy low, sell high.
  • oih82w8oih82w8 Posts: 12,606 ✭✭✭✭✭
    Precious metals will have it's highs and lows...it's up to you to say "when" is the right time.
    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    its always the right time image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • 291fifth291fifth Posts: 24,696 ✭✭✭✭✭
    The people who get rich on gold are the ones who sell newsletters touting it and the marketers that make a percentage on each buy or sell transaction they handle.
    All glory is fleeting.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭
    Buy
    Show
    Tell
    Spam
    Flip
    Profit
    But mostly , have fun and let's be friends.

    ``https://ebay.us/m/KxolR5

  • tahoe98tahoe98 Posts: 11,388 ✭✭✭

    ...I'm still waiting for my invite to audit Fort Knox...image
    "government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
  • BryceMBryceM Posts: 11,857 ✭✭✭✭✭
    Are you talking a few hundred dollars or hundreds of millions? The phrase "significant" means vastly different things to different people.

    What you're talking about is speculating........ and not a single person on the planet can predict what the price will do in the future.

    If you're talking about a long-term play, diversification, or a hedge to inflation, that's (only slightly) different. I'd suggest soliciting advice from professionals, not random people on an Internet forum.
  • GRANDAMGRANDAM Posts: 8,765 ✭✭✭✭✭
    Gold will go up,,,,,

    Trust me,,, image

    It may go down BEFORE it goes up but it will go up,,,,,,

    It may be 2050 before it does but it will,,,,, image

    GrandAm image
    GrandAm :)
  • AUandAGAUandAG Posts: 24,935 ✭✭✭✭✭
    Bryce, what professionals are you speaking about? My two investment gurus that I use for stocks
    don't even know what a $20 gold piece looks like let alone can give me advice on gold. I think the
    formites would have a bit better info on purchasing gold. A lot better than my two stock guys and
    a heck of a lot better than TV "experts".

    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I'm buying now seems good time to me. Now ifing the gold bugs are correct it will go to the moon so back up the truckimage Gold has been good to me, my problem is never having enough. I also use it more as a savings account than long term insurance type holding. I also trade a boat load of bullion for coins, so I go up and down drastically some timesimage
    Plenty of members me included will trade ASE's for AGE's. Mainly do what you can live with. If you have to ask sounds like your not ready to me.
    Avid collector of GSA's.
  • TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    Personally I've done well lately with put options on gold.

    It will hit $2,000 in our lifetime (if you are young enough) but the question is how many years will it stay below $800 after it falls that low. No one knows.

    Instead of bullion or Eagles, you should consider TPG Saints. When gold falls, they don't fall as much and when gold goes up, they go up to.
  • TigersFan2TigersFan2 Posts: 1,442 ✭✭
    My wife says it's always a good time to buy gold, as long as it's in the form she can wear.
    I love the 3 P's: PB&J, PBR and PCGS.

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