Welcome to Coin Talk! Register Now, it's easy and FREE!

Thousands of coin collectors, numismatists, coin dealers, bullion investors, and enthusiasts make Coin Talk their number one source for numismatic news, information about US and world coins, discussions and community.

You are currently viewing Coin Talk as a guest, which limits your access to content, contests and information. By joining our free community, you will be able to join in discussions, contact other members, place free advertisements, enter contests, and much more. Registration is easy and free. Register Now

CoinTalk > Coin Forums > Bullion Investing $1093 and rising

User Name Remember Me? Password

LinkBack Thread Tools Rate Thread Display Modes 11-04-2009, 09:34 AM   #1 (permalink) Danr Numismatist     Join Date: Jul 2005 Posts: 2,706 My Mood: $1093 and rising looks like another one of those days.   11-04-2009, 10:31 AM   #2 (permalink) boxerchip Runnin' Buffalo     Join Date: Jun 2009 Posts: 432 Looking forward to it!   11-04-2009, 10:59 AM   #3 (permalink) fretboard Defender of Old Coinage     Join Date: Jul 2009 Location: Northern California Posts: 808 My Mood: Blog Entries: 2 Anyways moving right along here's the real scivey on why gold is going up, why it should continue and why you better hang onto it, or get some if you don't have any. Read all about it and if you didn’t get in on the ground floor, well maybe you should at least grab 1/10 so you can feel right about this bull market. "Gold can hold these levels, and while it is slightly overbought in the short term, it remains undervalued from a long-term inflation and historical basis," said Mark O'Byrne, director at bullion dealers GoldCore. http://www.marketwatch.com/story/gol...ose-2009-11-03 Attached Images     11-04-2009, 12:57 PM   #4 (permalink) coleguy Coin Collector     Join Date: Jun 2007 Location: California Posts: 2,097 My Mood: I have to wonder if it really will hold when the economy comes back strong, and it is about to rebound. I've seen commerce and trading of goods more than triple the last three weeks of last quarter, which is unheard of even in the best of times. Manufactoring is up as well. I hope for all those who have tied up so much in metals with very little commercial use, that those prices remain until they can offload them, but who really knows. I don't see gold staying inflated once prosperity returns. Guy~   11-04-2009, 01:59 PM   #5 (permalink) JoeSmith Member   Join Date: Mar 2009 Posts: 95 My Mood: Quote: Originally Posted by coleguy I have to wonder if it really will hold when the economy comes back strong, and it is about to rebound. I hope you're right! I remember the Carter years. Gold did real well. Then we had 20 years of prosperity and gold had a long slide. I'd love to have another Reagan revolution. My gold will suffer, but I'll be able to make money and buy more gold. But, if the ecomony doesn't rebound, like it didn't rebound when FDR took office, and if there's any kind of global event, then the gold boom will continue unabated. I hope none of those things happen, but alas, I try to prepare for them anyway. Still, I won't be buying any gold at these prices.   11-04-2009, 02:25 PM   #6 (permalink) coleguy Coin Collector     Join Date: Jun 2007 Location: California Posts: 2,097 My Mood: You just never know. The only thing driving the price is demand, so the slightest dip in that will be very noticeable. I'd have to think to make money on gold you'd have to want it to sink. Buy low and sell high. If you make a 40-50% return on the turn, you can buy more when it sinks again and continue the process. If it levels off or continues to climb, the potential to make any real money off of it goes out the window. Guy~   11-04-2009, 04:44 PM   #7 (permalink) desertgem Senior Errer Collecktor     Join Date: Jul 2008 Posts: 2,492 My Mood: Fear and Greed are driving the precious metals. Unusual for both to be positive functions at the same time, IMO. Jim   Bookmarks Digg del.icio.us StumbleUpon Google Would you like to support CoinTalk? Coin Talk Code of Honor 1. Post unto others as you would have them post unto you. 2. Keep it clean, like a 1950s family television show. 3. If you don't like the coin, don't trash the person. « Gold @ $1,080 + | Is This a Smart Collector\Investor Move? » Thread Tools Show Printable Version Email this Page Display Modes Rate This Thread Linear Mode Switch to Hybrid Mode Switch to Threaded Mode Rate This Thread: 5 : Excellent 4 : Good 3 : Average 2 : Bad 1 : Terrible Posting Rules You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On Forum Rules Similar Threads Thread Thread Starter Forum Replies Last Post Cosidering Rising Oil Prices . . . lettow Paper Money 4 05-07-2008 08:01 PM Effect of rising metals prices on coins modernman US Coins Forum 7 02-03-2008 04:02 PM rising ebay fees vipergts2 Coin Chat 23 01-05-2007 01:06 PM Coin Prices Rising? QuarterEagle Coin Chat 8 02-14-2006 11:28 PM LinkBack LinkBack URL About LinkBacks

» Newsletter Sign up for CoinTalk's Newsletter enter your email address below. » Unanswered Posts Do You Have the Answer? » Sponsors » Recent Posts Counterstamps/Counte... Ryan's GOLD Contest! What is this? 1812 1c - U grade 'em ! Presidential Dollar... Two Kennedy Half errors... Roll-searchers, post... Gold Eisenhower? Fraud? Fake Maple Leaf??? So I sold a Lincoln... 1828 Bust Half 2009w american eagle... We are selling our silver Here comes the new... Do You Know What This Is? Investing in Copper..... 1832 US Mint token? questions on how to take... Sold The Chronicles set?... Koppers Stores Inc.... » Today's Top Posters Top Posters in Last 1 Days Treashunt [23] CamaroDMD [22] elaine 1970 [15] Saor Alba [13] green18 [13] mark_h [13] jello [12] krispy [12] mikenoodle [12] raider34 [12]