Um...FWIW (probably less than $0.02)...as with most markets, there are ups and downs...I've had the opportunity to profit from "true" bullion...gold coins...(um, what???) in just the last year or so.
Heck, in just the past month spot prices have moved over 10% (more like 20% for silver), so easy profit was there.
But I do have to admit from a cycle perspective...if the OP had purchased in 1980 (at gold's height), then I understand why he's/she's pissed...
<< <i>Um...FWIW (probably less than $0.02)...as with most markets, there are ups and downs...I've had the opportunity to profit from "true" bullion...gold coins...(um, what???) in just the last year or so.
Heck, in just the past month spot prices have moved over 10% (more like 20% for silver), so easy profit was there.
But I do have to admit from a cycle perspective...if the OP had purchased in 1980 (at gold's height), then I understand why he's/she's pissed... >>
If you bought 10 months ago, that was as gold and silver was just about to peak.
2008 Gold Chart.
2008 Silver Chart
As to the prices since, there is an active investigation into the paper silver market, you should do some research, there is a lot of information out there on this.
And in the long run, you have bought near the all time high.
1985 to present. Gold
Silver
The good thing for you, is the difference in spot and the physical market worked both ways. If you wanted to sell, you would have got a good premium. You could also dig around and find some deals here and there closer to spot, like a lot of us did.
One final thought, if you bought into the stock market 10 months ago, where are you now?
And how about the dollar? You may be about where you were when you started, but this dive does not look like where I would want to be right now everything else considered.
Edited to add, I misread your OP post thinking you had bought a lot 10 months ago. Now I see you just stopped buying then. Either way, I don't see the problem, Gold has held its value this year unlike anything else you could have chose to invest in. And those trillions of dollars the fed has already loaded the Federal Reserve with, are just waiting to flood the market at some time in the next few years, which does not look good for the dollar either.
I am a firm believer that IN MOST CASES your first mind is usually right.
Back in 2001, pick up any Coin World, go to any B&M and you could buy generic $20 Gold for $300. And, following my instinct, I did but for the longest time I thought I had really bombed out.
That was the right time to buy.
Never again will Gold ever see $300 an ounce.
BTW, I have this from people here (and elsewhere) that are the so-called Experts!
I still haven't figured out what exactly he's saying. His writing style confuses me.
Anyways, just in case this is what he's saying, for his information I can purchase all the Gold/Silver/Platinum I want right now in Toronto, at SPOT prices.. (in any sizes).
AND, I can SELL at BID prices all the Gold/Silver/Platinum I want. Also, I can get 98% of bid spot price for all Gold coins.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
So, by your logic......I didn't make any money yesterday.
Scenario: Went to bank and bought $220 worth of halfs and ended up with these
kennedies 1964 x 4
8 Frankies
1961 x 3 1960 x 1 1959 x 4
***32 WALKERS!!!!!!!!!!!!!! (will list dates later)
and what looks to be 8 Barbers from an old holder.....tape across the face of them.
1895 p 1900 1900 S 1906 O 1906 D 1909 1911 1912
The barbers I have already been given an offer of $185 the walkers were given an offer of $235 (couple of AU's in the bunch) Franklins and the kennedies (1964 only) I sold at $10.5x face = $84
so, 52 coins purchased for $26....sat on for 3 hrs and made = $504 with the initial outlay of $220 was shy 7 coins from the full $220 worth - $3.50
Let's do the math
$220 - 3.50 (missing coins) = $216.50 $216.50 - $26 (total amount of silver face) = 190.50 $504 amassed from sale - $220 initial outlay = $284 profit
$190.50 face val clad + $284 profit = $474.50 made in 3 hrs of resting.....
And I still haven't cherried out the varieties and what looks to be 2 clipped 1971's...... Your logic is flawed and stinks
This is a very dumb ass thread. - Laura Sperber - Tuesday January 09, 2007 11:16 AM
Hell, I don't need to exercise.....I get enough just pushing my luck.
At first, it sounds like a great idea... Buy low, sell high is the code of conduct....But it doesnt happen like that in real life panic.. I recently inquired about silver, gold, platnium prices with my local bullion dealer.
I have not been buying anything for 10 months or more....just sitting on my bullion..
As I see the BIG decline in ALL metals drop to a all time low (25 yrs or so) , I call my local dealer and tell him I want to buy $50,000 in assorted bullion. Not just on paper, in cold hard bullion.
He tells me, NO CAN DO. ! wtf? He says NO ONE is SELLING, including the US MINT. As most of you found out, no one was selling. WHY? easy, they were in too deep. The US Mint? they would be depleted of their backed assests.. I heard china placed a bid on every single ounce of silver,gold,platnium from the us goverment/mint. And the mint had to turn them down. Going against their very own contract with every distributor.
So, what is the point to this? you buy bullion (or worse a proof or a limited production) coin, and when times go bad, they wont SELL at the price of current spot/ commodities . and who is to buy? the coin dealers who themselves have way to much in bullion and will give you current downward sales in spot on silver, gold, etc..
BUT YOU BOUGHT IT AT HIGHER PRICES, UNLESS BOUGHT 20 yrs or so ago.....
An unless your retarded, Only if you bought silver, gold, platnium, at 1980 prices (Or earlier), will you make a slight profit, (I haVENT CHECKED THOSE Era's. please check) So, It just makes logic, If you would of HELD on to your cash, you would of been fine. CASH is King as far as im concered , unless someone can give me a different perspective..
I'm sorry, but this is so poorly written that it really serves more as a useful reminder to take free advice for what it's worth, and to consider the qualifications of the person providing the advice.
You wanted to buy $50,000 in bullion. Presumably at market price. Your dealer said he can't accomodate you, because no one is selling. The reason no one is selling is because they paid even higher prices and aren't willing to sell to you at a loss. That does not make an argument against buying or selling, it just reflects the market... supply does not exist at the market price. Eventually, those who have the supply will agree to take less, or those who want to buy will pay more. We're just in a standstill right now; that happens in all markets.
As for your statement about buying at 1980 prices, anyone who bought at 1980 prices has lost a good deal of money to inflation. $800 in 1980 had a LOT more purchasing power than $800 in 2008.
There are good reasons to advise against buying bullion or anything as an investment when prices are high. The only thing that matters is where the market is going. Gold seems high at $850 (and it hasn't had the correction that silver and platinum have in recent months). Adjusted for inflation, gold is nowhere near the high it hit in 1980. It could go to $400, it could go to $2000, it could stay at $850. Buy google at $300 a share, if it goes to $600 you're a genius, if it goes to $150 you're a fool. No difference.
Invest in something you understand, within your budget and your tolerance for risk.
An unless your retarded, Only if you bought silver, gold, platnium, at 1980 prices (Or earlier), will you make a slight profit, (I haVENT CHECKED THOSE Era's. please check)
What? Guys been smoking the Yak weed. I bought at around $4 per ounce and it wasn't back in 1980. More like 2000 something...The biggest problem was storage...Slight profit? Stay in school and just say no....
<< <i>uh, excuse me. What would you call what happened to gold when it dropped to $700+ from its recent high of $1000+/oz.? Just trying to understand...
it's really not that confusing.
This year, platinum dropped from a high of $2300 to a current price of $850.
Silver dropped from a recent high of $20 to a current price of $11.
Gold dropped from a recent high of $1000 to a current price of $850.
Gold might be off its recent high, but hasn't experienced the correction that platinum and silver did. >>
Do you think it is a possibility that gold did not price adjust to the extent that both silver and platinum did because of the weakening industrial demand for the latter?
My premise is based upon the assertion that gold - while it does have industrial use - is still perceived as money, where the majority of the value set for silver and platinum is by industry.
Well I am retarded. I been buying gold when it was $380 a oz. Now When It hit $1,100 I sold most and now am buying more at $750/$850 I am just waiting for the Feds to knock down my door and take my keys to all of my safety deposit boxes at my banks.
People don't take in consideration that someone else is always spending your CASH dollars. I don't hear of no drought but my Oranges are .50 more a pound this year. Ok why, I heard the retail grocery business is still making a 8% profit on goods but what pickles me is that not many people can buy the Oranges hence the price increase because of spoileage costs.
Cash is the root of all evil, but GOLD will always be king. This is 2008 and I don't think technology will go backwards in the future so Gold will be needed to continue new ideas in the econmony for years to come.
So I am a retard and I laugh at you for thinking Gold is not worth more than cash.
I bought Platinum, Gold, and Silver back in 2001, 2002, 2003 and 2004. I traded a few times and added to my positions with the profits. Earlier this year I sold Gold at exactly $1002 per ounce...Platinum $2200+ per ounce (don't have that exact figure in front of me)...and Silver in the $19+ range.
I have made well into 7 digits...so do not believe the crap coin dealers tell you or anyone else for that matter. Do your own research and due diligence.
WHEN times go bad, your suppose to be able to sell your gold and silver, platnium at hopefully at a profit.
BUT NO, !!! you will be ONLY be able to take what CASH will pay for it. Don't fool yourself.
They dont take GOLD at the grocery store. The local coin dealer knows this. Of course if gold is UP, you can be payed your profit.
But let me tell you, when times go bad, Gold will be worth nothing.!! And you will take a LOSS !! WHY???
Because we know your wanting CASH for it. you will one day. >>
Sounds like you need to educate yourself to 21st century investing. You can buy all the gold and silver you want for spot as long as it's paper which wasn't around in the 80's. I've tripped my money invested, yea that sucks doesn't it. It's a whole new game with paper contoling all comm. assest classes causing them to skyrocket or bust just look at oil. The game is about over IMO and the future maket paper traders are starting to see the errors of their ways, just watch the COMEX in the next few months. Why the heck would anyone in there right investing mind dump all their money at once in anything? AVERAGE!
<< <i>gold, silver , platmium will ALWAYS be taken at a loss in times of TROUBLE. Only in good times is it anything profitiable.
I hatew to say it , but it is true, no one will sell it to you at down times.. and you can only sell it at a prodit in good times..
Someone doubt me... >>
Man your young or don't know history very well. I really am starting to see your a PM bashers and have no real knowledge of PM's or a buy high and hold type. I never lost any money in the market even in 70/80 but you have to follow trends just like the stock market.
If you don't want to buy gold or silver good for you, let everyone else make there own decision since it is their cash. I am buying but then again I am mentally challenged
"If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
<< <i>"Gold seems high at $850 (and it hasn't had the correction that silver and platinum have in recent months)."
uh, excuse me. What would you call what happened to gold when it dropped to $700+ from its recent high of $1000+/oz.? Just trying to understand... >>
Nothing unless you were buying around the high level. My $20 MS61/62 coins are still selling for high gold money even though I haven't been in the maket since gold was around $500 an ounce. During the shorts on the paper side real PM's held up fairly well and as of now is the only investment I know that has held it's value from the first of the year.
Yes, once every 20 or 30 years a particular investment is so bad no one wants it. Could be stocks in 1980, real estate in 1989, gold after Y2k, a house at a particular lake or bay...
But it takes serious faith to wait 20+ years for that to happen. Most people are left playing the cards they are dealt today.
I really feel sorry for people who just don't understand the benefits of owning Precious metals and the incorrect belief of 'cash is king' (especially the US dollar).
I'm not going to waste my time trying to convince them.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
Wow, how did I miss this post the first time around? Glad I did as it would have taken up hours of my time to dispel much of the questionable information provided.
I've always loved the numismatic value of coins, and then liked the idea of owning gold as well. So the only solution for me was to diversify into $20 Saints and Libs. Those have are at 15-20 yr highs and pretty much skirted the 2008 bottoming process. And they still carry less of a premium than a circulated wheat penny.
I won't argue with your reasoning but cash is not king! Gold is now $950/oz. and silver is over $13.00. With nothing to back up the "value" of the dollar except the good will of the USA, it's going to tank. PMs are worldwide for now and I see $1250+ in gold and $20 silver. Just MHO. JT
It is health that is real wealth, not pieces of gold and silver. Gandhi.
I collect all 20th century series except gold including those series that ended there.
<< <i>At first, it sounds like a great idea... Buy low, sell high is the code of conduct....But it doesnt happen like that in real life panic.. I recently inquired about silver, gold, platnium prices with my local bullion dealer.
I have not been buying anything for 10 months or more....just sitting on my bullion..
As I see the BIG decline in ALL metals drop to a all time low (25 yrs or so) , I call my local dealer and tell him I want to buy $50,000 in assorted bullion. Not just on paper, in cold hard bullion.
He tells me, NO CAN DO. ! wtf? He says NO ONE is SELLING, including the US MINT. As most of you found out, no one was selling. WHY? easy, they were in too deep. The US Mint? they would be depleted of their backed assests.. I heard china placed a bid on every single ounce of silver,gold,platnium from the us goverment/mint. And the mint had to turn them down. Going against their very own contract with every distributor.
So, what is the point to this? you buy bullion (or worse a proof or a limited production) coin, and when times go bad, they wont SELL at the price of current spot/ commodities . and who is to buy? the coin dealers who themselves have way to much in bullion and will give you current downward sales in spot on silver, gold, etc..
BUT YOU BOUGHT IT AT HIGHER PRICES, UNLESS BOUGHT 20 yrs or so ago.....
An unless your retarded, Only if you bought silver, gold, platnium, at 1980 prices (Or earlier), will you make a slight profit, (I haVENT CHECKED THOSE Era's. please check) So, It just makes logic, If you would of HELD on to your cash, you would of been fine. CASH is King as far as im concered , unless someone can give me a different perspective.. >>
I know this is a late response.
I dont understand your complaint.
Are you saying we should not invest in gold because I might not be able to purchase all the gold that I might want?
Comments
Heck, in just the past month spot prices have moved over 10% (more like 20% for silver), so easy profit was there.
But I do have to admit from a cycle perspective...if the OP had purchased in 1980 (at gold's height), then I understand why he's/she's pissed...
<< <i><< You might want to throw some viagra in there somewhere.
Ya know, Leo, that might not be a bad idea!
Add ICe to the mix just in case it lasts for more than 4 hours.
<< <i>Um...FWIW (probably less than $0.02)...as with most markets, there are ups and downs...I've had the opportunity to profit from "true" bullion...gold coins...(um, what???) in just the last year or so.
Heck, in just the past month spot prices have moved over 10% (more like 20% for silver), so easy profit was there.
But I do have to admit from a cycle perspective...if the OP had purchased in 1980 (at gold's height), then I understand why he's/she's pissed... >>
Actually golds all time high was in March of 08
2008 Gold Chart.
2008 Silver Chart
As to the prices since, there is an active investigation into the paper silver market, you should do some research, there is a lot of information out there on this.
And in the long run, you have bought near the all time high.
1985 to present.
Gold
Silver
The good thing for you, is the difference in spot and the physical market worked both ways. If you wanted to sell, you would have got a good premium. You could also dig around and find some deals here and there closer to spot, like a lot of us did.
One final thought, if you bought into the stock market 10 months ago, where are you now?
And how about the dollar? You may be about where you were when you started, but this dive does not look like where I would want to be right now everything else considered.
Edited to add, I misread your OP post thinking you had bought a lot 10 months ago. Now I see you just stopped buying then. Either way, I don't see the problem, Gold has held its value this year unlike anything else you could have chose to invest in. And those trillions of dollars the fed has already loaded the Federal Reserve with, are just waiting to flood the market at some time in the next few years, which does not look good for the dollar either.
<< <i>YOU'RE
PAID YOU'RE
YOU'RE
Bold thesis for a guy with 12 posts!
Put down the crack pipe dude! Learn a little about life before posting stupid theories!
Look at the Lower Gold graph.
I am a firm believer that IN MOST CASES your first mind is usually right.
Back in 2001, pick up any Coin World, go to any B&M and you could buy
generic $20 Gold for $300. And, following my instinct, I did but for the longest
time I thought I had really bombed out.
That was the right time to buy.
Never again will Gold ever see $300 an ounce.
BTW, I have this from people here (and elsewhere) that are the so-called Experts!
I'm just a dabbler.
So, if it does go that low again, seeing this stash is "on the house"
I'll buy in again & ride the wave again!
It's all good when it just all falls in place!
Sorta like playing Monopoly.
'cept with real Green Stamps.
Now correct me if I'm wrong here BUT, also around 2001 IN COIN WORLD,
I read that the US Mint declared that their stockpile had officially been depleted.
Y'all remember that?
As such, I was on good terms with the local shopkeeper and could BUY junk silver at 4x face.
I basically saved him postage to the smelting houses.
I was fortunate to be a regular there and was the only one he would sell silver at this price.
Well, for Officially having been depleted for all of 7 years now, bearing in mind 08 DID see all time highs
Can anyone figure out what is going on & why? I have on good authority what is happening,
but will wait till later, till others have their say, to post such "inside information"!
Anybody care to opine?
Can't sell?...Can't buy??
I still haven't figured out what exactly he's saying. His writing style confuses me.
Anyways, just in case this is what he's saying, for his information I can purchase all the Gold/Silver/Platinum I want right now in Toronto, at SPOT prices.. (in any sizes).
AND, I can SELL at BID prices all the Gold/Silver/Platinum I want. Also, I can get 98% of bid spot price for all Gold coins.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Great responses, too, those are some pretty smart buttons.
now your thinking deep thought's
Liberty: Parent of Science & Industry
Scenario:
Went to bank and bought $220 worth of halfs and ended up with these
kennedies
1964 x 4
8 Frankies
1961 x 3
1960 x 1
1959 x 4
***32 WALKERS!!!!!!!!!!!!!! (will list dates later)
and what looks to be 8 Barbers from an old holder.....tape across the face of them.
1895 p
1900
1900 S
1906 O
1906 D
1909
1911
1912
The barbers I have already been given an offer of $185
the walkers were given an offer of $235 (couple of AU's in the bunch)
Franklins and the kennedies (1964 only) I sold at $10.5x face = $84
so, 52 coins purchased for $26....sat on for 3 hrs and made = $504 with the initial outlay of $220
was shy 7 coins from the full $220 worth - $3.50
Let's do the math
$220 - 3.50 (missing coins) = $216.50
$216.50 - $26 (total amount of silver face) = 190.50
$504 amassed from sale - $220 initial outlay = $284 profit
$190.50 face val clad + $284 profit = $474.50 made in 3 hrs of resting.....
And I still haven't cherried out the varieties and what looks to be 2 clipped 1971's......
Your logic is flawed and stinks
Hell, I don't need to exercise.....I get enough just pushing my luck.
Buy low, sell high is the code of conduct....But it doesnt happen like that in real life panic..
I recently inquired about silver, gold, platnium prices with my local bullion dealer.
I have not been buying anything for 10 months or more....just sitting on my bullion..
As I see the BIG decline in ALL metals drop to a all time low (25 yrs or so) ,
I call my local dealer and tell him I want to buy $50,000 in assorted bullion. Not just on paper, in cold hard bullion.
He tells me, NO CAN DO. ! wtf? He says NO ONE is SELLING, including the US MINT. As most of you found out, no one was selling.
WHY? easy, they were in too deep. The US Mint? they would be depleted of their backed assests.. I heard china placed a bid on every single
ounce of silver,gold,platnium from the us goverment/mint. And the mint had to turn them down. Going against their very own contract with every distributor.
So, what is the point to this? you buy bullion (or worse a proof or a limited production) coin, and when times go bad, they wont SELL at the price of current spot/
commodities
. and
who is to buy? the coin dealers who themselves have way to much in bullion and will give you current downward sales in spot on silver, gold, etc..
BUT YOU BOUGHT IT AT HIGHER PRICES, UNLESS BOUGHT 20 yrs or so ago.....
An unless your retarded, Only if you bought silver, gold, platnium, at 1980 prices (Or earlier), will you make a slight profit, (I haVENT CHECKED THOSE Era's. please check)
So, It just makes logic, If you would of HELD on to your cash, you would of been fine. CASH is King as far as im concered , unless someone can give me a
different perspective..
I'm sorry, but this is so poorly written that it really serves more as a useful reminder to take free advice for what it's worth, and to consider the qualifications of the person providing the advice.
You wanted to buy $50,000 in bullion. Presumably at market price. Your dealer said he can't accomodate you, because no one is selling. The reason no one is selling is because they paid even higher prices and aren't willing to sell to you at a loss. That does not make an argument against buying or selling, it just reflects the market... supply does not exist at the market price. Eventually, those who have the supply will agree to take less, or those who want to buy will pay more. We're just in a standstill right now; that happens in all markets.
As for your statement about buying at 1980 prices, anyone who bought at 1980 prices has lost a good deal of money to inflation. $800 in 1980 had a LOT more purchasing power than $800 in 2008.
There are good reasons to advise against buying bullion or anything as an investment when prices are high. The only thing that matters is where the market is going. Gold seems high at $850 (and it hasn't had the correction that silver and platinum have in recent months). Adjusted for inflation, gold is nowhere near the high it hit in 1980. It could go to $400, it could go to $2000, it could stay at $850. Buy google at $300 a share, if it goes to $600 you're a genius, if it goes to $150 you're a fool. No difference.
Invest in something you understand, within your budget and your tolerance for risk.
What? Guys been smoking the Yak weed. I bought at around $4 per ounce and it wasn't back in 1980. More like 2000 something...The biggest problem was storage...Slight profit? Stay in school and just say no....
uh, excuse me. What would you call what happened to gold when it dropped to $700+ from its recent high of $1000+/oz.? Just trying to understand...
it's really not that confusing.
This year, platinum dropped from a high of $2300 to a current price of $850.
Silver dropped from a recent high of $20 to a current price of $11.
Gold dropped from a recent high of $1000 to a current price of $850.
Gold might be off its recent high, but hasn't experienced the correction that platinum and silver did.
<< <i>
<< <i><< You might want to throw some viagra in there somewhere.
Ya know, Leo, that might not be a bad idea!
Add ICe to the mix just in case it lasts for more than 4 hours.
Hey, at my age, I'm happy if I wake up with one........
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>uh, excuse me. What would you call what happened to gold when it dropped to $700+ from its recent high of $1000+/oz.? Just trying to understand...
it's really not that confusing.
This year, platinum dropped from a high of $2300 to a current price of $850.
Silver dropped from a recent high of $20 to a current price of $11.
Gold dropped from a recent high of $1000 to a current price of $850.
Gold might be off its recent high, but hasn't experienced the correction that platinum and silver did. >>
Do you think it is a possibility that gold did not price adjust to the extent that both silver and platinum did because of the weakening industrial demand for the latter?
My premise is based upon the assertion that gold - while it does have industrial use - is still perceived as money, where the majority of the value set for silver and platinum is by industry.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
This thread is a catalyst and your opinions are important. Welcome to the U.S. Coin forum.
I like coins.
Joe
R.I.P. Bear
<< <i>Don't you leave me, in the raw.
This thread is a catalyst and your opinions are important. Welcome to the U.S. Coin forum.
I like coins.
Joe >>
Coins are made from precious metals... Aren't they?
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>I only buy bullion, real coins, not preicous metals, thank you.... >>
I am thinking to agreeing with you when I am released from caring.
Much sens you make in telling peoples what way going to.
Where my check?
And logic like mush. Why did I read this?
I knew it would happen.
<< <i>LOOOOOOOOOOOOOOL
Bold thesis for a guy with 12 posts!
Put down the crack pipe dude! Learn a little about life before posting stupid theories! >>
It was his first post.
People don't take in consideration that someone else is always spending your CASH dollars. I don't hear of no drought but my Oranges are .50 more a pound this year. Ok why, I heard the retail grocery business is still making a 8% profit on goods but what pickles me is that not many people can buy the Oranges hence the price increase because of spoileage costs.
Cash is the root of all evil, but GOLD will always be king. This is 2008 and I don't think technology will go backwards in the future so Gold will be needed to continue new ideas in the econmony for years to come.
So I am a retard and I laugh at you for thinking Gold is not worth more than cash.
<< <i>
<< <i>Don't you leave me, in the raw.
This thread is a catalyst and your opinions are important. Welcome to the U.S. Coin forum.
I like coins.
Joe >>
Coins are made from precious metals... Aren't they? >>
Last I heard, they were givin' people woodies
While at the same time, one can get Chopped Liver in the canned goods section.
and Cosmetics in Health and Beauty.
None of which will you find at WalMart, where America shops.
Ho Ho Ho rde now !
Merry Christmas, everybody
The Grinch is trying to steal it.
YaHa, excellent post for those riding the short bus in.
Just what this place needs. PERSPECTIVE !
I have made well into 7 digits...so do not believe the crap coin dealers tell you or anyone else for that matter. Do your own research and due diligence.
What do you think of the rare US coin market?
<< <i>The bottom line is this....
WHEN times go bad, your suppose to be able to sell your gold and silver, platnium at hopefully at a profit.
BUT NO, !!! you will be ONLY be able to take what CASH will pay for it. Don't fool yourself.
They dont take GOLD at the grocery store. The local coin dealer knows this. Of course if gold is UP, you can be payed your profit.
But let me tell you, when times go bad, Gold will be worth nothing.!! And you will take a LOSS !! WHY???
Because we know your wanting CASH for it. you will one day. >>
Sounds like you need to educate yourself to 21st century investing. You can buy all the gold and silver you want for spot as long as it's paper which wasn't around in the 80's. I've tripped my money invested, yea that sucks doesn't it. It's a whole new game with paper contoling all comm. assest classes causing them to skyrocket or bust just look at oil. The game is about over IMO and the future maket paper traders are starting to see the errors of their ways, just watch the COMEX in the next few months. Why the heck would anyone in there right investing mind dump all their money at once in anything? AVERAGE!
<< <i>gold, silver , platmium will ALWAYS be taken at a loss in times of TROUBLE. Only in good times is it anything profitiable.
I hatew to say it , but it is true, no one will sell it to you at down times.. and you can only sell it at a prodit in good times..
Someone doubt me... >>
Man your young or don't know history very well. I really am starting to see your a PM bashers and have no real knowledge of PM's or a buy high and hold type. I never lost any money in the market even in 70/80 but you have to follow trends just like the stock market.
<< <i>"Gold seems high at $850 (and it hasn't had the correction that silver and platinum have in recent months)."
uh, excuse me. What would you call what happened to gold when it dropped to $700+ from its recent high of $1000+/oz.? Just trying to understand... >>
Nothing unless you were buying around the high level. My $20 MS61/62 coins are still selling for high gold money even though I haven't been in the maket since gold was around $500 an ounce. During the shorts on the paper side real PM's held up fairly well and as of now is the only investment I know that has held it's value from the first of the year.
Yes, once every 20 or 30 years a particular investment is so bad no one wants it. Could be stocks in 1980, real estate in 1989, gold after Y2k, a house at a particular lake or bay...
But it takes serious faith to wait 20+ years for that to happen. Most people are left playing the cards they are dealt today.
I'm not going to waste my time trying to convince them.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I've always loved the numismatic value of coins, and then liked the idea of owning gold as well. So the only solution for me was to diversify into $20 Saints and Libs. Those have are at 15-20 yr highs and pretty much skirted the 2008 bottoming process. And they still carry less of a premium than a circulated wheat penny.
roadrunner
Gold is now $950/oz. and silver is over $13.00.
With nothing to back up the "value" of the dollar except
the good will of the USA, it's going to tank.
PMs are worldwide for now and I see $1250+ in gold
and $20 silver.
Just MHO.
JT
I collect all 20th century series except gold including those series that ended there.
<< <i>Wow, how did I miss this post the first time around? >>
Me too.
I would comment but why?
<< <i>
<< <i>Wow, how did I miss this post the first time around? >>
Me too.
I would comment but why? >>
Yeah... Why feed the trolls?
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>An unless your retarded... >>
Irony.
I picked these up at a great price, But you know, i'm a retard!
<< <i>At first, it sounds like a great idea...
Buy low, sell high is the code of conduct....But it doesnt happen like that in real life panic..
I recently inquired about silver, gold, platnium prices with my local bullion dealer.
I have not been buying anything for 10 months or more....just sitting on my bullion..
As I see the BIG decline in ALL metals drop to a all time low (25 yrs or so) ,
I call my local dealer and tell him I want to buy $50,000 in assorted bullion. Not just on paper, in cold hard bullion.
He tells me, NO CAN DO. ! wtf? He says NO ONE is SELLING, including the US MINT. As most of you found out, no one was selling.
WHY? easy, they were in too deep. The US Mint? they would be depleted of their backed assests.. I heard china placed a bid on every single
ounce of silver,gold,platnium from the us goverment/mint. And the mint had to turn them down. Going against their very own contract with every distributor.
So, what is the point to this? you buy bullion (or worse a proof or a limited production) coin, and when times go bad, they wont SELL at the price of current spot/
commodities
. and
who is to buy? the coin dealers who themselves have way to much in bullion and will give you current downward sales in spot on silver, gold, etc..
BUT YOU BOUGHT IT AT HIGHER PRICES, UNLESS BOUGHT 20 yrs or so ago.....
An unless your retarded, Only if you bought silver, gold, platnium, at 1980 prices (Or earlier), will you make a slight profit, (I haVENT CHECKED THOSE Era's. please check)
So, It just makes logic, If you would of HELD on to your cash, you would of been fine. CASH is King as far as im concered , unless someone can give me a
different perspective.. >>
I know this is a late response.
I dont understand your complaint.
Are you saying we should not invest in gold because I might not be able to purchase all the gold that I might want?