Gold prices and the Australian Lunar Series....
Bochiman
Posts: 25,556 ✭✭✭✭✭
So, I wasn't smart enough to complete the set (gold) before prices skyrocketed, but I did get the 1 ounce versions of Dragon (2000), Horse (2002), and Monkey (2004).
The last 2 were for my son and I (our lunar signs...and, his year of birth anyway, for the horse), and I had planned on keeping them.
They are safely tucked away and in the SDB and I often forget about them.
But......now that gold has almost hit $900/oz, I remembered them again and decided to check recent ebay prices.
Dragon $1600-$1700+
Horse ~$1200
Monkey ~$900+
Now, I am tempted to sell (at least the dragon...maybe the monkey, but thinking I should keep the horse for the boy anyway....could be a cool graduation present in the years to come), but would hate to sell the coins if there weren't alternatives (like, other gold lunar series that look cool).
We have the silver set (2 sets actually) fully completed, and would love to have the gold one as well, but I am not going to tie up that much money, in gold coins, at this time.
The extra funds would be good in his college account but, again, if I can't replace them with something similar, without the huge premium, then I may not sell.
Are others selling? Faced with this decision?
What do you guys think?
The last 2 were for my son and I (our lunar signs...and, his year of birth anyway, for the horse), and I had planned on keeping them.
They are safely tucked away and in the SDB and I often forget about them.
But......now that gold has almost hit $900/oz, I remembered them again and decided to check recent ebay prices.
Dragon $1600-$1700+
Horse ~$1200
Monkey ~$900+
Now, I am tempted to sell (at least the dragon...maybe the monkey, but thinking I should keep the horse for the boy anyway....could be a cool graduation present in the years to come), but would hate to sell the coins if there weren't alternatives (like, other gold lunar series that look cool).
We have the silver set (2 sets actually) fully completed, and would love to have the gold one as well, but I am not going to tie up that much money, in gold coins, at this time.
The extra funds would be good in his college account but, again, if I can't replace them with something similar, without the huge premium, then I may not sell.
Are others selling? Faced with this decision?
What do you guys think?
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
If the money is for college, you can always leave it in gold form until you have a specific college cost to pay. Consider it part of the college fund that sits in the SDB rather than a 529 and consider it a diversification of your college fund portfolio.
Cathy
mclark202@insightbb.com
Positive BST references: Weather11am, Mrmom, Metalsman, GAB, Mash, FishyOne, Cone10, Keepdachange, etc...
WOW! If I thought I could get that, particularly without the ebay fees, I would sell ours (still keeping my son's 1 oz horse for him)....maybe even sell my monkey one. Just wow!
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