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Anyone else holding on to gold to sell after $3000?

BochimanBochiman Posts: 25,480 ✭✭✭✭✭

I have some pre-33 ($10/$20) and some modern commems that are 1oz, that I am waiting until the $3000 mark. All are slabbed, premiums are low, but for some reason that $3000 mark just seems right...

Anyone else waiting?

I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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Comments

  • RedneckHBRedneckHB Posts: 19,366 ✭✭✭✭✭
    edited February 20, 2025 5:03PM

    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

  • Downtown1974Downtown1974 Posts: 6,881 ✭✭✭✭✭

    I’m liking the $3,000 mark, but I’m holding my gold. No intentions of selling it. I sold most of my modern gold eagles and buffalos a few years ago to fund my daughters college tuition. Kept all of my pre-33 gold.

  • Clackamas1Clackamas1 Posts: 1,143 ✭✭✭✭✭
    edited February 20, 2025 8:03PM

    I am selling a huge chunk right now. I am not going to worry if it is over $3k, it is close enough. I am bullish on the economy so this is all going to QQQ. If we can cut $1T from the budget it will be big.

  • BochimanBochiman Posts: 25,480 ✭✭✭✭✭

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    Nope.
    Why set a goal and then purposefully pull up short?

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Clackamas1Clackamas1 Posts: 1,143 ✭✭✭✭✭

    @Bochiman said:

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    Nope.
    Why set a goal and then purposefully pull up short?

    Don't be greedy.

  • BochimanBochiman Posts: 25,480 ✭✭✭✭✭

    @Clackamas1 said:

    @Bochiman said:

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    Nope.
    Why set a goal and then purposefully pull up short?

    Don't be greedy.

    Greedy? Sure. But, I'm not in a hurry to sell, nor a need. Helping my aunt on some of these and her husband, RIP, had gotten ripped off on the prices. At $3000, it will be almost a breakeven on them, so, I set it as a goal.
    She isn't in a hurry for the funds at this point either, so we are just waiting.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • Clackamas1Clackamas1 Posts: 1,143 ✭✭✭✭✭

    @Bochiman said:

    @Clackamas1 said:

    Greedy? Sure. But, I'm not in a hurry to sell, nor a need. Helping my aunt on some of these and her husband, RIP, had gotten ripped off on the prices. At $3000, it will be almost a breakeven on them, so, I set it as a goal.
    She isn't in a hurry for the funds at this point either, so we are just waiting.

    I own this batch @$1300.

  • If you decide to sell and you are not in need of the money you need to have a plan. Think about what you are going to invest in that is better than physical gold. If your plan is to stick the money in the bank or get 4.5% on a CD I would rather hold the gold. I myself do buy and sell some gold but mainly I am stacking even at this price. I do believe gold will surpass the $3000 mark for you.
    Best of luck,
    Tim

  • derrybderryb Posts: 37,221 ✭✭✭✭✭

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    do you mean "quit the race?"

    Repetition of ignorance is ignorance raised to the power two.

  • psuman08psuman08 Posts: 346 ✭✭✭✭

    I think $3K is a psychological wall at least for the short term. Everyone else is waiting for that as well. If you are considering selling and have a plan for the money, I'd sell now.

  • bronco2078bronco2078 Posts: 10,310 ✭✭✭✭✭

    i have rings i was thinking of selling big chunky class rings

  • derrybderryb Posts: 37,221 ✭✭✭✭✭

    bought up to $2500, been selling since $2700

    Repetition of ignorance is ignorance raised to the power two.

  • Mike59Mike59 Posts: 321 ✭✭✭

    I’m holding and will continue to add whenever I see a great deal. If Bitcoin is worth $95,000 per coin then gold should be over $5000 per ounce (jmho). Need to get rid of paper metals and let supply and demand set prices. Will continue to hold.
    Mike

    MIKE B.

  • I would sell all unwanted gold jewelry! Your kids don't want it anyways.

  • RedneckHBRedneckHB Posts: 19,366 ✭✭✭✭✭

    @Bochiman said:

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    Nope.
    Why set a goal and then purposefully pull up short?

    When i go deer hunting my goal is to harvest a buck. Many times I pass up the shot as knowing I could have easily accomplished my goal is more fulfilling than actually doing so.

  • RedneckHBRedneckHB Posts: 19,366 ✭✭✭✭✭
    edited February 21, 2025 3:18PM

    @derryb said:

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    do you mean "quit the race?"

    Or risk pulling a hammy. A man of confidence should never feel the need to prove something to himself.

  • derrybderryb Posts: 37,221 ✭✭✭✭✭

    @RedneckHB said:

    @derryb said:

    @RedneckHB said:
    A marathon is 138,336 feet. You've run 136,260.
    Close enough?

    do you mean "quit the race?"

    Or risk pulling a hammy. A man of confidence should never feel the need to prove something to himself.

    that's how he builds confidence.

    Repetition of ignorance is ignorance raised to the power two.

  • BochimanBochiman Posts: 25,480 ✭✭✭✭✭

    I appreciate the comments and I notice how people really don't answer my simple question but, instead, like to give THEIR own opinions on what I should do :D

    Very simply, I stated what I was doing and just asked if anyone else had the same mark. Well, I thought it was simple.
    Instead, I get reasons to sell now, or keep longer, or blah blah blah.
    I didn't ask those questions though. I am also very secure in my finances and knowledgeable enough to know how to handle any investment to best suit my needs and not sit in a 1% bank account. Hell, most of the gold I'll be selling I had already stated who it belonged to (my aunt) and why I like that target mark for her. She is also to the point where she can decide how best to use the funds.

    Anyways, it's always interesting when posting stuff here, still, I guess

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • I also say hold.

  • coinkatcoinkat Posts: 23,500 ✭✭✭✭✭

    Holding and not selling… not bullish on the economy. Seems a slight reorganization of the letters with the addition of a t sums it up.

    Experience the World through Numismatics...it's more than you can imagine.

  • GoldminersGoldminers Posts: 4,247 ✭✭✭✭✭

    I started selling about 1/4 of my gold at $2,750. I just sold 1/4 more between $2,800 and $2,900. As it is sitting around $2,950, I am waiting to sell, as the last half is more a long term hold to see what happens. There is going to be a short-term top sometime and I expect a 5-10% correction or consolidation phase maybe when stocks fall, and risk is off for a spell.

    Most all the gains from $2,000 to $2,950 have only happened the past year. That is a huge 50% up move. I did not want to miss out on at least some of it by waiting too long.

  • ashelandasheland Posts: 23,427 ✭✭✭✭✭

    I’m holding onto what little I’ve got… Also buying it here and there…

  • jdimmickjdimmick Posts: 9,731 ✭✭✭✭✭

    Those who wait for 3k, might not actually realize that much more as more and more supply is hitting the market, Some major players that I know as well as others who do business with have backed way off on lots of stuff : world gold, raw pre 33 etc. One really big major player I called to unload a decent amount of pre 33 told me they would not even quote a price on raw, only cert pre 33.

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,392 ✭✭✭✭✭

    I am holding on to my gold but am commencing an orderly sale of my silver - just too bulky in quantity.

  • Clackamas1Clackamas1 Posts: 1,143 ✭✭✭✭✭

    Sold 39 oz today.

  • Clackamas1Clackamas1 Posts: 1,143 ✭✭✭✭✭

    @jdimmick said:
    Those who wait for 3k, might not actually realize that much more as more and more supply is hitting the market, Some major players that I know as well as others who do business with have backed way off on lots of stuff : world gold, raw pre 33 etc. One really big major player I called to unload a decent amount of pre 33 told me they would not even quote a price on raw, only cert pre 33.

    So basically it is like junk silver coins which is way back of spot.

  • JimTylerJimTyler Posts: 3,518 ✭✭✭✭✭

    My hope is not to need it and give it to my daughter. I have a life pension she will not she might find it useful and has plenty of time to learn how to benefit without letting the local shop screw her over.

  • Dave99BDave99B Posts: 8,616 ✭✭✭✭✭

    I sold seventeen 1oz Krugerrands when gold hit $1900. CRAP!

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • 1630Boston1630Boston Posts: 14,013 ✭✭✭✭✭

    @Bochiman said:

    Very simply, I stated what I was doing and just asked if anyone else had the same mark

    Ron,
    To answer your question,
    No
    boston

    Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb

    Bad transactions with : nobody to date

  • VanHalenVanHalen Posts: 4,188 ✭✭✭✭✭

    @Dave99B said:
    I sold seventeen 1oz Krugerrands when gold hit $1900. CRAP!

    Dave

    I sold about 30 ozs in 2009 when it hit $1100. That might help you feel better. ;)

  • justindanjustindan Posts: 786 ✭✭✭✭✭

    Holding for $3,098

  • GoldFinger1969GoldFinger1969 Posts: 2,199 ✭✭✭✭✭

    No, I said $3,000 by 2030 when gold was $1,100. And in the last few years, I've said $5,000 by 2035.

    If gold goes down a few hundred dollars, I'll hopefully add. So no, I won't be selling anything.

  • RiveraFamilyCollectRiveraFamilyCollect Posts: 686 ✭✭✭✭

    $3k?
    Holding out for $6k, i got time

    The substantial truth doctrine is an important defense in defamation law that allows individuals to avoid liability if the gist of their statement was true.

  • derrybderryb Posts: 37,221 ✭✭✭✭✭

    Gold is Nature's Money

    Repetition of ignorance is ignorance raised to the power two.

  • pragmaticgoatpragmaticgoat Posts: 863 ✭✭✭

    No reason to sell real money unless a dream property deal appears

    BST references:
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  • justindanjustindan Posts: 786 ✭✭✭✭✭

    @pragmaticgoat said:
    No reason to sell real money unless a dream property deal appears

    Need a farm? Will take gold :wink:

  • VanHalenVanHalen Posts: 4,188 ✭✭✭✭✭

    @GoldFinger1969 said:
    No, I said $3,000 by 2030 when gold was $1,100. And in the last few years, I've said $5,000 by 2035.

    If gold goes down a few hundred dollars, I'll hopefully add. So no, I won't be selling anything.

    My hunch is a good buying opportunity in the $2500-$2600 range this year before busting through $3k and leaving it in the dust. I've also got a hunch under my shirt, on my left shoulder. ;)

  • GoldFinger1969GoldFinger1969 Posts: 2,199 ✭✭✭✭✭

    There's something to be said for SELLING WHEN YOU CAN and NOT WHEN YOU HAVE TO. I always told my clients that.

    Interesting remembrance from the 1980's. I had graduated college and was just starting out in my career in finance/Wall Street (as it was called and still is even though most of the jobs aren't on "Wall Street" :D ). Anyway, Digital Equipment Corp. (DEC) -- or Digital, as it was called -- was the high-flying alternative to staid, stodgy IBM. It was AMZN, GOOG, META, TSLA -- all wrapped up into one. The company was doing well, the stock was a favorite of the momentum crowd.

    It was noted in 1987 that lots of sell limit orders had been placed at about $200/share....representing a 10-fold gain from the 1982 lows or something like that (by comparison, I think IBM barely had doubled). Folks wanted $200...not $190....not $195...not $199. $200 or bust. :)

    Well...the stock got up to $199 3/4 or maybe it was $199 7/8ths in the Summer of 1987 (stocks traded in 1/4's or 1/8ths back then)....and then the October 1987 Crash hit and it NEVER saw that level again. :o

    Then you had the rise of MSFT and INTC and DELL and PCs and laptops. DEC never sniffed $199 or $190. I think it traded about $120 for a few months and then slowly sank into oblivion. I believe it got bought out by Sun Microsystems or another up-and-comer in the 1990's for about $50 a share, maybe less.

    Moral Of The Story: Unless you're a trader dealing in huge share volumes and thin margins, don't worry about holding out for that last few dollars. :)

  • jmski52jmski52 Posts: 23,033 ✭✭✭✭✭
    edited March 2, 2025 8:34AM

    don't worry about holding out for that last few dollars. :smiley:

    Agreed. What's the point of holding out for that last 1%?

    OTOH, $3,000 won't be the endpoint in the price of gold's increases.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • I'm holding and waiting for $3000.

  • bronco2078bronco2078 Posts: 10,310 ✭✭✭✭✭

    shopped a little gold at a show . I stuck a few 1/10oz eagles in my pocket and 2 decent sized wedding bands.

    terrible offers , no interest in the rings but i was told to visit their B & M during the week. which is fine, jewelry is not a good buy in that environment .
    I was offered 250 for a 1989 1/10 in OGP same dealer selling tenths for 360 ! I commented on the spread being a bit wide but whatever

    that being said I bought circulated morgans for 28 each and they were all VF or better pre 1921 coins. I have no trouble moving those for 35 each at my store seemed a no brainer .

    lots of slabbed modern dreck in one guys case . I asked the guy if he might be a buyer of the 2 5 coin sets of 2011 ASE's I have been thinking of selling he said no . APMEX optimistically lists those for 650

    I saw slabbed gold dreck too , who in their right mind is slabbing ex jewelry coins? where does stuff like that even originate ? We are not talking rare dates just common damaged coins

    mental patients :#

  • zski123zski123 Posts: 258 ✭✭✭

    The reason it's heading to $3,000 is the same reason it's heading to $5,000. I'd sell anything that has a whiff of a numismatic before I sold bullion. The underlying support for gold at these levels has never been stronger in our lifetime.

  • alexercaalexerca Posts: 264 ✭✭✭

    @justindan said:

    @pragmaticgoat said:
    No reason to sell real money unless a dream property deal appears

    Need a farm? Will take gold :wink:

    How big is the farm,where is it located and how many ounces you want for it?

  • justindanjustindan Posts: 786 ✭✭✭✭✭

    @alexerca said:

    @justindan said:

    @pragmaticgoat said:
    No reason to sell real money unless a dream property deal appears

    Need a farm? Will take gold :wink:

    How big is the farm,where is it located and how many ounces you want for it?

    Ha. Someone already called dibs. :)

  • JimTylerJimTyler Posts: 3,518 ✭✭✭✭✭

    If you bought $1000 Bitcoin in 2009 you would have $103 BILLION (I saw that before the recent downturn) if humans can do that there’s plenty of room for humans to throw more $$$$$ at gold.

  • tincuptincup Posts: 5,246 ✭✭✭✭✭

    So... how many are now selling now that gold hit $3000?

    ----- kj
  • coastaljerseyguycoastaljerseyguy Posts: 1,469 ✭✭✭✭✭

    @JimTyler said:
    If you bought $1000 Bitcoin in 2009 you would have $103 BILLION (I saw that before the recent downturn) if humans can do that there’s plenty of room for humans to throw more $$$$$ at gold.

    I think the value would be around $250million, still a huge gain.

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